Why The McKinsey Alumni Network Is Crucial To Its Success:
As individual job tenure in companies becomes shorter, leaders say good-bye to their best people far more frequently. How they do this — whether they celebrate or shun the departed — affects not just those leaving but those who stay, as well as the performance of both the old and new firms.
Every newly hired consultant at McKinsey & Company thinks about quitting. In fact, most of the company’s recruits think about their exit before they’ve even begun working at the firm. It’s not really their fault. Part of it is the nature of professional consulting. The firms that follow a partnership model are often referred to as “up or out” — either you get promoted through the ranks and make partner, or you find your way out.
Every few years, McKinsey partners evaluate whether its consultants will move up the ranks; those deemed unlikely to move up are then gently pushed to leave the firm. Four out of every five consultants don’t make it to partner. They choose “out” either because “up” isn’t an option. or because it’s no longer a desirable one. But the other reason new recruits think about leaving is that mentioning life after McKinsey is part of the recruiting process; it’s part of life before McKinsey.
McKinsey Alumni: About Us
In the “About Us” of the McKinsey Alumni Network and linked to from across their various websites, McKinsey consistently talk about, promote and engage their Alumni community.
As an organization, the McKinsey Alumni is not part of the leaving process, its part of the recruitment process and the representation of this culture across the organization recognizes that employees are part of the family, whether they still work there or not.
Our alumni number more than 34,000 and work in virtually every business sector in 120 countries. Through formal events and informal networking, former McKinsey consultants make and sustain professional relationships. This dynamic network is a lasting benefit of a McKinsey career.
The focus of showing what McKinsey Alumni are doing now, inspiring connections and driving opportunities among their Alumni make their offering equally important to new recruits as it is to those leaving the organization.
McKinsey & Company are engaging and investing in their talent, long after they leave the organization.
| Alumni | McKinsey & Company McKinsey is proud of the positive reputation we’ve built for attracting and developing talent, and top tier companies appreciate that we are eager to assist them in recruiting from our pool of highly qualified alumni and transitioning consultants globally.