Transformation & Turnaround
Associate - McKinsey Transformation
Job ID: 45881
Who You'll Work With
You will work as part of McKinsey's global Transformation practice. There will be flexibility in the location of this role across our offices in North America. When you join McKinsey, you are joining a firm whose culture is distinctive and inclusive. We will accelerate your development as a leader to create positive, enduring change in the world. In the Associate role, you will have the opportunity to work on teams and help organizations across the world - across the private, public, and social sectors - solve some of their most difficult problems and operational challenges. You will work with McKinsey teams comprised of transformation experts, sector/functional specialists, and generalist consultants. You will also work with a variety of individuals at our clients, ranging from the C-Suite to front-line workers.
McKinsey's Transformation practice helps clients change their trajectory and achieve their full potential through holistic interventions in performance, capabilities and organizational health. Our suite of transformation approaches is underpinned by distinctive tools and technologies and led by transformation specialists who partner with client teams to enable real, sustained change.
What You'll Do
You will operate as part of an engagement team typically consisting of 2-5 consultants led by an engagement manager. Together you will drive the day-to-day execution of a transformation effort to help clients achieve new performance highs in their business. You will apply a proven, methodology-driven approach to large-scale transformation that focuses on execution and capability building. Your client engagements will often span >6 months, and they will generally include three phases: independent diligence, bottom-up planning and implementation. Within these engagements, we ensure associates are exposed to multiple areas of the businesses, rotating their responsibilities across the Transformation Office and functional and strategic support areas.
You will work directly with clients - usually on site - and will take ownership of specific workstreams and end-products within the overall transformation program. You will be responsible for delivering the transformation objectives within your workstream, coaching your clients to develop and execute effective improvement plans and role-modeling a mindset of rapid decision-making. Above all, your job will be to mobilize and help clients to achieve change that exceeds their expectations.
More broadly, you will have the opportunity to build on your proven capabilities and leverage a range of influencing styles, ranging from respected "hard-edge" manager to motivational coach. You will inspire others, build strong relationships and display high energy and resilience in ambiguous and fast-paced contexts. In a collaborative team setting, you'll work closely with others but will also - after appropriate apprenticeship - operate autonomously with limited direction to drive progress in your areas of accountability.
Qualifications
- Bachelor's degree is required, advanced degree is strongly preferred, with an outstanding record of academic achievement
- 5+ years of corporate and or professional services experience focused on operations, finance/accounting, and or go-to-market/top-line growth initiatives
- Experience in management consulting, large-scale change management, turnaround and restructurings, M&A and integrations, and or investment banking is a plus
- Program management experience on driving large-scale, transformational change programs is preferred
- Experience in the following is ideal: implementing rapid and successful operational turnarounds and or rapid growth programs across key strategic, revenue, cost and working capital levers, business planning or P&L modeling, working capital management, or 13-week cashflow preparation
- Ability to understand, analyze and interpret financial statements
- Demonstrated aptitude for analytical and conceptual problem solving; comfort with quantitative analysis and managerial accounting
- Ability to work effectively with people at all levels in an organization
- Ability to understand the perspectives of varied stakeholder groups
- Ability to communicate complex ideas effectively, both verbally and in writing, in English and the local office language(s)
- Willingness to travel, over 50%
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FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.
Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary or hourly range for this role. For new joiners for this role in the United States, including all office locations where the job may be performed, a reasonable estimated range is $192,000 - $192,000 -to help you understand what you can expect. This reflects our best estimate of the lowest to highest [salary/hourly wages] for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important to remember that actual salaries may vary. Factors like your office location, your unique blend of experience and skills, start date and our current organizational needs all play a part in determining the final figure. Certain roles are also eligible for bonuses, subject to McKinsey's discretion and based on factors such as individual and/or organizational performance.
Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families. This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance, and paid time off.
FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.
