How is McKinsey organized and governed?
McKinsey is a partnership, which means that its partners wholly own the firm. There are approximately 900 partners worldwide. Every three years, the senior partners elect a managing director who is a “first among equals” and who oversees the administration of the firm. Each local office is led by its partners, who are guided by McKinsey’s shared mission and values. Decisions that affect local offices—information technology investments, compensation policies, the election of new partners—are addressed through global partner committees. All McKinsey personnel share strong professional values. There is a high degree of personnel exchange between offices as well as discussions across borders about McKinsey’s strategy and future.
McKinsey is a partnership, which means that its partners wholly own the firm. There are approximately 1,000 partners worldwide. Every three years, the senior partners elect a managing director who is a “first among equals” and who oversees the administration of the firm. Each local office is led by its partners, who are guided by McKinsey’s shared mission and values. Decisions that affect local offices—information technology investments, compensation policies, the election of new partners—are addressed through global partner committees. All McKinsey personnel share strong professional values. There is a high degree of personnel exchange among offices as well as discussions across borders about McKinsey’s strategy and future.
