McKinsey & Company

McKinsey & Company was founded in 1926 by James O. McKinsey, a University of Chicago accounting professor, and is headquartered in New York City. The firm is a private partnership and has never been publicly listed. It operates across more than 65 countries and maintains dozens of global offices. McKinsey is structured as a partnership, meaning senior leaders hold equity stakes as partners rather than receiving conventional executive compensation.

McKinsey's primary offering is management consulting — advising the senior leadership of large corporations, governments, and institutions on strategy, operations, organization, and transformation. Clients typically include Fortune 500 companies, sovereign wealth funds, ministries of finance, and major healthcare systems. Engagements are sold through a relationship-driven, partner-led model rather than self-serve or channel distribution. McKinsey also operates McKinsey Global Institute, an in-house economic research arm, and McKinsey Digital and QuantumBlack, its analytics and AI-oriented practices.

McKinsey's service lines include strategy consulting, operational improvement, digital transformation, organizational design, mergers and acquisitions advisory, and risk and compliance. QuantumBlack, an analytics firm McKinsey acquired, operates as its advanced analytics and AI practice. McKinsey Global Institute publishes macro-economic and sector research that the firm uses to support client engagements and public thought leadership.

McKinsey competes directly with Boston Consulting Group (BCG) and Bain & Company — the three firms are collectively known in the industry as MBB. A broader set of competitors includes the strategy practices of Deloitte, PwC, EY, and Accenture, though those firms traditionally occupied lower-margin implementation work. McKinsey is generally positioned at the premium end of the consulting market, with engagement fees among the highest in the industry. The firm has faced regulatory and reputational scrutiny in several markets, including a 2021 settlement with U.S. states related to its opioid-related advisory work.

McKinsey has maintained an office in Tel Aviv, primarily serving Israeli corporates, multinationals operating in Israel, and government clients. The Tel Aviv office engages in both local market work and global staffing of cross-border client engagements.