McKinsey immediately provides exciting new assignments that offer opportunities to add new skills. The firm also treats all hires with great respect and compensates them generously. But at the same time, McKinsey maintains stringent criteria for making partner. Few McKinsey hires make the grade.
One theory behind this “high bar” obstacle is that McKinsey encourages its best and brightest to leave and take jobs with a wide range of outside businesses. Once those McKinsey alumni are well-placed elsewhere, they become McKinsey clients and help grow the business.
—Adapted from Results-Based , Dave Ulrich, Jack Zenter and Norm Smallwood, Harvard Business School Press.