McKinsey.
Currently the #1 Consulting firm in the world.
Shall we explore into the world of McKinsey & Company?
korean website:
27F, Seoul Finance Center
84 Taepyungro 1-ga, Jung-gu
Seoul, 100-768
South Korea
Phone No. 02) 398-2500
Fax No. 02) 2128-3500
global website:
Mission - "To help our clients make distinctive, lasting, and substantial improvements in their performance, and to build a great Firm that attracts, develops, excites, and retains exceptional people."
History
Founder - James O. McKinsey, 1926
Services -
First conduct in-depth interviews w/ top management to find out current state of company.
Draw up proposal for project approach, methodology, deliverables, and manning plan.
Projects are led by partners - who have ultimate responsibility for the quality of the work and level of deliverables.
Analyze economics and business environment, colllect data, observe operations, etc.
Industries that McKinsey works in
-Automotive & Assembly
-Banking & Securities
-Chemicals
-Packaged goods
-Electric Power & Natural Gas
-Emerging Market/Banking
-Technology
-Insurance
-Media & Entertainment
-Metals & Mining
-Nonprofit
-Payer/Providor (Health Care)
-Petroleum
-Pharmaceuticals & Medical Products
-Pulp & Paper
-Retail, Apparel, Leisure
-Telecommunications
-Travel & Logistics
-Venture Capital/ Principal Investing
Functional Practices -
-Business Building
-Corporate Finance & Strategy
-Global Strategy
-Marketing
-Operations Strategy & Effectiveness
-Organization
History of Seoul Office -
The 1st foreign consulting firm in Korea.
McKinsey first entered Korea inthe late 1980's and set up an office in 1991. Before then, operations were run in the Tokyo office. When the Seoul office was first opened, consultants were largely composed of Japanese, but gradually it began to grow and became dependant from the Tokyo Office in 1995.
-Built its reputation through the "McKinsey Seoul Report" which is published with the Maeil Busines Newspaper.
-Also, held McKinsey Global Leadership Forums.
-"McKinsey's post-crisis report" became a best-seller in Korea.
-Currently 150 employees are employed at McKinsey, with about 90 consultants.
-In 2001, McKinsey successfully complete a merge of 2 leading banks in Korea, the largest M&A deal in Asia..
-Other publications include "Woman Korea," "Vision Korea," "Aging Society," and "Health Reform 2010."
McKinsey in the News - 
July 2, 2007
Dr. Roland Villinger appointed as head of McKinsey & Company, Seoul Office.
He served as a manager in Thailand, and joined McKinsey in 1991.
Has been leading Asia-Pacific operations for the past 3 years.
Work focuses on industrial companies and service players such as banking, wholesale,
retail, and IT.
Firm's leading expert in market entry and business development.
Received doctorate from Cambridge in international management.
April 19, 2007
Korea Needs to React Swiftly, Flexibly to Changes
South Korea and its government need to be flexible and react quickly to external changes in order to survive the global competition in this world. The ex-director of McKinsey's Company Seoul Office, Stephen Bear said.
Korea is under pressure from China and Japan. The biggest problem in Korea is not that it is receiving this pressure from them, but that nothing is being done to solve this problem.
Careers at McKinsey
-Business Analyst (2-3 years, usually 2 years)
entry level. Employees with little or no experience start as a business analyst.
serve as a introduction to what life as a consultant is at McKinsey or anywhere else.
many Business Analysts pursue an advanced or second degree after working at McKinsey.
Others work at external companies and may return to McKinsey as associates.
When entering their 3rd year, usually focus on a specialized role or move to an international location.
-Associate
-Specialist/Expert
-Engagement Manager
-Associate Principal
-Principal
-Director
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