McKinsey & Co., Best Companies | Working Mother

McKinsey & Co.

Based in New York, NY, McKinsey & Co. has earned a spot on the Working Mother 100 Best Companies list and the NAFE Top Companies for Executive Women list.

McKinsey & Co. logo

McKinsey & Co.

McKinsey

2017 Working Mother 100 Best Companies

Top Ten

Women work hard at this management-consulting firm, and they enjoy plenty of professional flexibility. Depending on their responsibilities, they may take up to 10 weeks off between projects, forgo excess travel, switch positions to explore other areas, or delay advancement in favor of better work-life balance. Sponsorship initiatives, inclusion training and global transfers fuel their growth, as do the firm’s multiple tuition-assistance programs. Parental leave was just increased to 16 weeks for all birth parents (eight weeks for nonbirth parents); special support programs make on- and off-ramping around maternity leave easier. Free memberships to a caregiver database and backup-care subsidies ensure moms find trustworthy help.

 

MANAGING DIRECTOR: Dominic Barton
SENIOR PARTNER: Alejandro Beltran
WEBSITE: McKinsey & Co.

 

Representation

Years on the 100 Best list 11
Total number of U.S. employees 7,115
Percentage of employees who are women 44%
Percentage of managers and executives who are women 37%
Percentage of new hires who are woman 43%

 

Parental Leave

Fully paid weeks off for new moms (average) 16
Fully paid weeks off for new dads (average) 8
Fully paid weeks off for adoptive parents (average) 12

 

Family Support

Company offers backup childcare Yes
Company subsidizes backup eldercare Yes
Company offers on-site vaccinations No

 

Advancement

Percentage of female employees participating in career counseling 100%
Percentage of female employees participating in management/leadership training 100%
Percentage of female employees participating in mentoring Not tracked

 

Flexibility

Percentage of employees who telecommute 100%
Percentage of employees who use compressed work schedules N/A
Managers trained to consider work life and flexibility concerns of employees Yes

 

2017 NAFE Top Companies for Executive Women

Known for its extensive research into women’s advancement, this management consulting firm isn’t afraid to say it also supports the cause. It’s one of 10 corporate IMPACT champions in the UN’s HeforShe campaign; takes an active role in the 30% Club, which seeks gender equality in business; and recently committed to accelerating its own progress on women’s issues at the 2016 World Economic Forum. Over the past year, it has doubled the number of women on its board; ramped up its mentoring, sponsorship and leadership development programs for female partners; and expanded recruiting initiatives to bring in more senior women. Flexible career tracks, on- and off-ramping options, and lengthy maternity leaves offer relief to busy working moms.

 

By the Numbers

Years on the NAFE Top Companies for Executive Women list 5
Total number of U.S. employees 6,042
Percentage of total employees who are women 44%
Percentage of senior managers who are women 32%
Percentage of corporate executives who are women 17%
Percentage of employees earning promotions to the manager level and above who are women 32%
Percentage of top 10% of earners who are women 16%
Percentage of profit-and-loss executives who are women 17%
Percentage of leaders of billion-dollar divisions who are women NA
Percentage of direct reports to the CEO who are women NA
Percentage of board of directors members who are women 13%
Managers trained in how to hire, manage or advance women Yes
Senior-level succession plans for gender equity reviewed by CEO No

 

 

 

 

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