What It's REALLY Like Working at McKinsey!

In this episode, I speak with Jimmy Gillespie who went from BYU to McKinsey to private equity and Wharton for his MBA. 👊Crush the GMAT with TTP👊 ►Use code RARELIQUID15 to get 15% off! ►https://targettestprep.referralrock.com/l/rareliquid/ 🎓 My MBA Admissions Course: liquidMBA 🎓 ► Our guarantee – get into at least ONE MBA program or your money back! ► Sign up: https://liquidmba.com/ 👨‍🏫My 1:1 Banking Mentorship Program👨‍🏫 ► Our guarantee - secure a $150K+ / year investment banking offer within 180 days! ► Sign up: https://go.bankingaccelerator.com/913f0e95 🧑‍🎓Career Resources👩‍🎓 ► Buy the Resume That Got Me Into JPM: https://rareliquidcareers.com/ ► Wall Street Prep (Use code RARELIQUID for 20% OFF!): https://gv142.isrefer.com/go/rliquid/rareliquid/ ► TTP - The BEST GMAT prep resource: https://targettestprep.referralrock.com/l/rareliquid/ ► Books I recommend: https://amzn.to/3gy28xv ► My filming equipment: https://a.co/cf97WjW 🎥Related Videos🎥 Investment Banking vs. Management Consulting: https://youtu.be/BXJk2vA9c-0 Hedge Funds vs. Private Equity vs. Venture Capital: https://youtu.be/gjcR43mp1_Q A Beginner's Guide to Private Equity: https://youtu.be/nW1QpmvfCvw A Week in the Life of a Wharton MBA Student: https://youtu.be/2_ryKOmZwLE Tips for Getting Into Your Dream MBA School: https://youtu.be/i_hBLiNOaB8 Interview with Bain Capital PE Investor: https://youtu.be/jj2j8iJmTcQ ⏱Timestamps⏱ 00:00:00 - Introduction 00:01:57 - Background introduction 00:03:31 - KPMG internship in Kuala Lumpur 00:05:25 - Impact of internship on recruiting for McKinsey 00:07:25 - Why Bain was Jimmy's #1 Choice initially 00:09:37 - Differentiating McKinsey, Bain, and BCG 00:12:28 - Choosing the Cleveland office 00:14:12 - Receiving the McKinsey offer 00:15:47 - Lebron's impact in Cleveland 00:17:12 - McKinsey project locations 00:18:13 - Consulting travel schedule details 00:20:02 - Working hours 00:23:17 - Tips for budding consultants 00:25:04 - Setting workplace boundaries 00:26:50 - Team norms in consulting 00:28:07 - Daily problem solving in consulting 00:30:10 - Contributions as an entry-level consultant 00:32:10 - The smartest thing a partner has done 00:33:33 - Consistent attributes from the best partners 00:35:00 - The pace of work in consulting 00:36:08 - Toughest part of consulting 00:38:37 - Negative experiences with colleagues 00:39:51 - Skills developed at McKinsey 00:41:50 - Perks from working in consulting 00:44:45 - Consulting recruiting tips 00:48:15 - Case interview tips 00:49:47 - Handling the infamous McKinsey "What else" question 00:51:44 - Interview process differences amongst MBB 00:54:00 - McKinsey's interview approach 00:55:20 - Compensation for entry-level consultants 00:56:31 - Feedback and review process 00:59:08 - Most valuable feedback received 01:01:32 - Decision to move to PE 01:03:30 - Transition from consulting to PE 01:04:50 - Learning financial modeling skills in PE 01:05:24 - PE firm interview process 01:06:56 - Investor work vs client services 01:09:27 - Advice for consultants working in PE 01:11:05 - Unenjoyable aspects of PE 01:13:30 - Decision to pursue an MBA 01:16:30 - Search Fund (Plan after MBA) 01:21:29 - Alternate career path 01:22:38 - Contrarian opinion held 01:23:30 - Advice to younger self ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 📱Interact With Me📱 ► Instagram: https://www.instagram.com/rareliquid ► Twitter: https://twitter.com/rareliquid ► TikTok: https://www.tiktok.com/@rareliquid ► LinkedIn: https://www.linkedin.com/in/ben-chon-8b0ba34a/ ► Business Inquiries: ben@rareliquid.com 🔎Disclaimer🔎 Some of the links above are affiliate links, meaning that at no additional cost to you, I may earn a commission if you click through and make a purchase.