MBA candidates who interned at McKinsey share how you can stand out during the 10-week program and land a 6-figure job
McKinsey & Company is a management consulting firm that's notoriously hard to break into.
Last year, McKinsey and other consulting firms like Boston Consulting Group and Bain & Co. were forced to make their summer internship programs virtual in response to the coronavirus pandemic.
Insider spoke with two former summer associates about what life was like at McKinsey during their virtual internships, and how they made the most out of their experiences.
While UCLA MBA candidate Katie Solomon spent the summer working on social impact case related to COVID-19, Ikenna (Ike) Enwere, a business student at Wharton, collaborated with McKinsey's digital and analytics practice.
Visit Insider's homepage for more stories.
Securing an internship at McKinsey is a great way to land a full-time job.
It's an opportunity to work with consultants and showcase why you'd be a great addition to the firm. But it's also an extremely competitive program. Applicants have less than 1% chance of successfully landing a full-time offer. Now, those odds may be even lower because of the tight job market caused by the coronavirus pandemic.
Fortunately, the consulting industry is among the top two fields that turn internships into full-time positions. Firms have a 38% conversion rate for interns who become full-time employees, according to a 2017 LinkedIn report. The pandemic prompted consultancies to show an even greater commitment to recent graduates, as a roster of well-known firms extended full-time offers to thousands of students before their internships even started.
But before you can think about joining full time, you have to be successful during the program. Insider spoke with two MBA students and former McKinsey interns, Katie Solomon and Ikenna (Ike) Enwere, who shared how they succeeded during the program and landed full-time jobs.
Solomon and Enwere completed their internships virtually. The program was 10 weeks total, although it ranges from six to 10 weeks. It's unclear if McKinsey will be hosting virtual internships this year, or if they will return to the office.
Here's how Solomon and Enwere made the most out of their internships.