Scholarship details
McKinsey is led globally by our managing partner; our elected board of directors, known as the Shareholders Council; a global leadership team known as the Acceleration Team; and the leaders of our offices and practices.
McKinsey & Company is a management consulting firm, founded in 1926 by University of Chicago professor James O. McKinsey, that advises on strategic management to corporations, governments, and other organizations. McKinsey is the oldest and largest of the “Big Three” management consultancies (MBB), the world’s three largest strategy consulting firms by revenue. It has consistently been recognized by Vault as the most prestigious consulting firm in the world.
Under the leadership of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey’s Fred Gluck—along with Boston Consulting Group’s Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School’s Michael Porter—transformed corporate culture. A 1975 publication by McKinsey’s John L. Neuman introduced the business practice of “overhead value analysis” that contributed to a downsizing trend that eliminated many jobs in middle management.
McKinsey has a notoriously competitive hiring process, and is widely seen as one of the most selective employers in the world. McKinsey recruits primarily from the world’s top business schools and was one of the first management consultancies to recruit a limited number of candidates with deep field expertise and who have demonstrated business acumen and analytical skills. McKinsey publishes a business magazine, the McKinsey Quarterly.
McKinsey & Company grew quickly in the 1940s and 50s, especially in Europe. It had 88 staff in 1951 and more than 200 by the 1960s, including 37 in London by 1966. In the same year, McKinsey had six offices in major US cities like San Francisco, Cleveland, Los Angeles and Washington D.C., as well as six abroad. These foreign offices were primarily in Europe, such as in London, Paris, Amsterdam, as well as in Melbourne.
Many of McKinsey’s alumni become CEOs of major corporations or hold important government positions. In doing so, they influence the other organization with McKinsey’s values and culture. McKinsey’s alumni have been appointed as CEOs or high-level executives. McKinsey alumni have held positions with Tony Blair’s office.
The number of alumni is more than 34,000, working at over 15,000 organizations across the private, public, and social sectors. They live and work in over 120 countries, and membership in this dynamic network is a lasting benefit of a McKinsey career.
Every year tens of thousands of alumni and firm members engage and collaborate with each other via the alumni website, as well as through regular communications and over 100 knowledge and social events held worldwide.
The McKinsey alumni also leverage this site to make, sustain, and build upon the close professional relationships they started while at the firm, as well as develop their skills and careers.
Eligibility
- A cover letter in English (1-page max) including a paragraph about the applicants most notable accomplishment and a paragraph describing how they would benefit from receiving the award.
- Academic transcripts (do not need to be in English) depending on each students office preferences.
- Austria, Denmark, Finland, Germany, Netherlands, Norway, Sweden require academic transcripts from high school onward.
- Asia and Pacific, Belgium, Czech Republic, Hungary, Italy, Luxembourg, Russia, Spain, Switzerland require university transcripts.
- For other offices, academic transcripts are optional, but please include relevant grades for each individual who sends in a resume.
- Current students working towards a Bachelors, Masters or PhD, from any discipline or background based in one of the participating locations.
Requirements
All applicants must have their CV in English including details on the students education (including grades), any work experience as well as any extracurricular activities and achievements.
Matter of fact, finding out which business school to study for a student’s MBA in 2022 would be an excellent way to win this scholarship.
How to Apply
The main way to apply is, students should have their CV filled out and ready before even filling out the scholarship application for McKinsey & Company.
The NGWL award is intended for non-North American and African graduates. It is one of many programs around the world that aims to help people get to know McKinsey better.
All applicants will take a digital assessment. As part of the application process, students will be asked to complete an online assessment (duration of 60 minutes). This does not require any preparation or prior business knowledge. More details will be shared within a few weeks after the submission of all applications.
Reward – Extra Benefits
A scholarship of 2,000 Euros (or its equivalent in a local currency) towards the cost of tuition, summer employment, volunteer work, research, or any other initiative supporting your academic and/or professional development.
Also the recipient can expect an invitation to a local McKinsey event or an office visit.
The NGWL award is an exclusive three-day conference where participants can discuss women’s role in leadership and develop their own leadership skills. The NGWL award is a financial scholarship in combination with McKinsey consultants ‘ individual mentor-ship.
Students will choose their office/business function (practice) preference. As part of McKisley & Company participating offices… When applying an individual will choose up to three office locations or industry practices to review the individual’s application. This allows the company to carefully consider who to select. It is advised that all students make their choices based on geographic or industry ties (studied or lived in the country or have work experience in the industry). All students should be fluent in the local language.
Deadline
The deadline date is November 11, 2022. This date can change and has before so students should check the McKinsey & Company website frequently.
Open Submission Window Time Frame
The open submission window time frame begins in the Summer of 2022 and last till Winter, November 11, 2022.
Annual
This is an annual scholarship that happens once a year.
In 2012, Paris hosted the first Next Generation Women Leaders (NGWL) event. The event brought together individuals from across Europe and the Middle East who enjoyed three days of inspiring workshops, discussions, and networking to identify themselves as female.
Over the years, the company has carried out additional initiatives under the umbrella of NGWL to further support women’s leadership: events in Paris, Washington, D.C. And the NGWL award for Sao Paulo. This has also become an annual event for students who are looking to apply for this scholarship.
