McKinsey & Company is a global management consulting firm that advises corporations, governments, and other organizations on strategy and operations. Founded in 1926 by James O. McKinsey, a professor of accounting at the University of Chicago, the firm initially focused on applying accounting principles to management. McKinsey is considered one of the "big three" management consulting firms. The company operates as a single worldwide partnership with over 130 offices across 65 countries. In 2023, McKinsey generated approximately $16 billion in revenue and employed over 45,000 people worldwide, including about 30,000 consultants.
McKinsey provides a broad range of consulting services, including digital transformation, sustainability, and corporate strategy. The firm works across various industries, such as healthcare, technology, and finance. Bob Sternfels is the current Global Managing Partner, elected for a second term in February 2024. Recently, McKinsey has been involved in projects such as teaming up with OpenAI to scale AI-driven transformations, helping Ownership Works scale employee ownership, and assisting Stellantis in navigating tariffs. McKinsey publishes the McKinsey Quarterly, a business magazine, and funds the McKinsey Global Institute, which studies global economic trends.
