Auf einen Blick
- Aufgaben: Join client teams to drive corporate transformations and restructuring efforts.
- Arbeitgeber: Be part of McKinsey's Transformation practice, a leader in holistic corporate restructuring.
- Mitarbeitervorteile: Gain leadership development, work with top professionals, and enjoy a distinctive, inclusive culture.
- Warum dieser Job: Make a real impact by helping companies achieve extraordinary performance improvements.
- Gewünschte Qualifikationen: Bachelor's degree required; experience in finance or consulting preferred.
- Andere Informationen: Engagements last 12-24 months, offering hands-on experience in high-stakes environments.
Das voraussichtliche Gehalt liegt zwischen 36000 - 60000 € pro Jahr.
You'll be based in one of our offices in Germany and will be part of McKinsey's Transformation (MT) practice. You will serve on a client engagement team to help clients in their corporate restructuring efforts. Founded in 2010, MT is a unit of McKinsey that focuses exclusively on holistic transformations and corporate restructuring. We help clients drive rapid and dramatic performance improvement, and provide a full suite of services to support companies facing liquidity issues and insolvency. To do so, we pair experienced professionals who are drawn from the private equity industry and the restructuring ecosystem with our firm's global network of industry and functional experts. We are doers, and we work closely with clients to execute the steps needed to achieve extraordinary performance improvements.
MT has two service lines: Turnarounds & Transformations (T&T) and Corporate Restructuring (CR). While the T&T service line focuses on driving rapid performance improvement for any business with significant performance improvement potential and an aspirational leader (ranging from distressed to "good to great" situations), the CR service line focuses on leading complex corporate restructuring programs at companies facing acute performance issues, liquidity concerns, potential covenant violations, and other issues that are destabilizing to the enterprise.
What You'll Do
You will serve clients by leveraging a holistic, execution-centric approach, providing interim management and transformation leadership capabilities. To achieve proven results, you will apply all levers: including not only cost, but also revenue, strategy, organization, and capital. Your client engagements will often span 12-24 months, and they will include three phases: Independent Diligence Phase (6-8 weeks), Bottom Up Phase (6-8 weeks), and Implementation (6-12+ months). You will combine a strategic perspective with disciplined implementation to identify the strategic, operational, organizational, and financial levers that will deliver rapid and dramatic client impact. You will apply the firm's results-oriented and proprietary MT processes, which are backed by tools, benchmarks, and methodologies. You will have the opportunity to work in both T&T situations (driving holistic turnarounds) and CR situations (assisting clients in deep distress).
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.
Qualifications
- Bachelor's degree; master's degree or MBA is preferred
- Prior coursework in accounting, corporate finance, valuation and/or restructuring
- Experience in distressed situations (e.g., liquidity issues, covenant breaches, debt refinancing) plus working toward restoration of financial profitability and operational excellence
- Track record of consistently delivering high-impact results to meet clients' needs
- Experience working in professional service environments, especially management consulting, investment banking, private equity, or "Big Four" accounting, is preferred
- Excellent problem-solving skills
- Robust understanding of financial and operational levers (e.g., business plan modeling, working capital management, financial statement analysis)
- Experience with financial modeling and proficiency in financial analysis (e.g., linkages between financial statements, accrual vs. cash accounting, trial balances) is strongly preferred
- Familiarity with various valuation methodologies (DCF, peer comps and transactions, etc.) as well as comfort with capital structure and debt analytics is strongly preferred
- Experience working with large datasets and performing complex financial analyses; expertise in both Excel and PowerPoint
- Ability to communicate effectively (both verbally and in writing), in English as well as the local office language coupled with strong stakeholder engagement skills
Industries
- Financial Services
- Private Equity & Principal Investors
Capabilities
- Strategy & Corporate Finance
- Transformation
Associate - McKinsey Transformation Arbeitgeber: McKinsey & Company, Inc.
Kontaktperson:
McKinsey & Company, Inc. HR Team
StudySmarter Bewerbungstipps 🤫
So bekommst du den Job: Associate - McKinsey Transformation
✨Tip Number 1
Familiarize yourself with McKinsey's Transformation practice by researching their recent projects and case studies. Understanding their approach to corporate restructuring will help you speak knowledgeably about how you can contribute during interviews.
✨Tip Number 2
Network with current or former McKinsey employees, especially those in the Transformation practice. They can provide insights into the company culture and the specific skills that are valued, which can give you an edge in your discussions.
✨Tip Number 3
Brush up on your financial modeling and analysis skills, as these are crucial for the role. Consider taking online courses or practicing with real-world datasets to demonstrate your proficiency during the interview process.
✨Tip Number 4
Prepare to discuss your experience with distressed situations and how you've contributed to restoring financial profitability. Be ready to share specific examples that highlight your problem-solving skills and ability to deliver high-impact results.
Diese Fähigkeiten machen dich zur top Bewerber*in für die Stelle: Associate - McKinsey Transformation
Tipps für deine Bewerbung 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in corporate finance, restructuring, and any previous work in distressed situations. Use specific examples that demonstrate your problem-solving skills and ability to deliver high-impact results.
Craft a Compelling Cover Letter: In your cover letter, express your passion for transformation and restructuring. Mention why you are drawn to McKinsey's MT practice and how your background aligns with their mission of driving performance improvement.
Showcase Financial Acumen: Emphasize your proficiency in financial modeling and analysis. Include any experience with valuation methodologies and working with large datasets, as these are crucial for the role.
Highlight Communication Skills: Since effective communication is key in consulting, provide examples of how you've successfully engaged stakeholders in past roles. This could include presentations, reports, or collaborative projects.
Wie du dich auf ein Vorstellungsgespräch bei McKinsey & Company, Inc. vorbereitest
✨Showcase Your Problem-Solving Skills
Be prepared to discuss specific examples where you've tackled complex problems, especially in distressed situations. Highlight your analytical approach and how you leveraged financial and operational levers to achieve results.
✨Demonstrate Financial Acumen
Since the role requires a robust understanding of financial analysis, brush up on key concepts like DCF, peer comps, and capital structure. Be ready to discuss your experience with financial modeling and how it has impacted previous projects.
✨Engage with Stakeholders
Effective communication is crucial in consulting. Prepare to share experiences where you successfully engaged stakeholders, managed expectations, and drove collaboration to achieve project goals.
✨Understand McKinsey's Transformation Approach
Familiarize yourself with McKinsey's MT processes and methodologies. Being able to articulate how these frameworks can be applied to real-world scenarios will demonstrate your alignment with their execution-centric philosophy.