The cost of earning an MBA is covered by a comprehensive tuition reimbursement scheme offered by McKinsey & Company. The corporation will pay up to $100,000 of an employee’s tuition costs under this scheme, provided they attend a prestigious business school and continue to work for the business for at least two years following graduation. Both current employees and new hires are eligible for this program.
The program is extremely selective, thus not every applicant will be accepted. Candidates with exemplary performance in their current position, a solid academic record, and the ability to advance to a leadership position within the company are sought after by McKinsey. Candidates must also be able to show a direct link between their MBA and their intended position at McKinsey.
What about law school, though? Most consulting companies, including McKinsey, Bain, and Boston Consulting Group (BCG), do not cover the cost of attending law school. This is so because an MBA’s skills and expertise are more transferable to a consulting position than those of a law degree, which is not immediately applicable to consulting employment. However, this does not imply that law graduates are not employed by consulting firms. Law grads can actually provide essential talents to a consulting team like critical thinking, research prowess, and effective communication.
There are a few things you can do to improve your chances of getting employed if you are a law graduate interested in a career in consulting. The first is to acquire knowledge in a pertinent area, such as business law, finance, or policy. Another is to interact with consultants and go to hiring fairs to find out more about the business and what employers want in applicants.
Finally, McKinsey & Company does provide a tuition reimbursement program for staff members pursuing an MBA, but it is quite competitive and necessitates a good performance track record and potential for leadership within the company. Law grads can nonetheless be important complements to a consulting team even though consulting firms normally do not pay for law school. Law grads can improve their chances of being employed by a top consulting company by gaining relevant experience and networking with consultants.