In the corporate world, McKinsey alumni are a rare breed – former employees who are primed for their eventual exit from the company even before they sign on the dotted line to join it. However, it’s this approach to employment that has managed to set the management consulting firm apart as one of the most innovative businesses of its time.
In an article for Forbes, author and keynote speaker David Burkus explains how Mckinsey recruiters approach business schools or applicants touting the success of its alumni. He also points out that job seekers join McKinsey because they value the resources provided by the alumni program after they decide to move on.
As one of the world’s leading business thinkers and a former business school professor, Burkus is uniquely qualified to explain the benefits of this approach. He holds a master’s degree in organizational psychology from the University of Oklahoma, and a doctorate in strategic leadership from Regent University.
Here’s a summary of this industry heavyweight’s article on the benefits of the McKinsey alumni program.
Change is The Only Constant: How Exiting Employees Benefit From The Mckinsey Alumni Program
The McKinsey management team understands that change is the only constant in their line of business. They require top talent and they know that this type of employee cannot, and should not, be tethered down.
This is why you’ll find that McKinsey alumni include the likes of:
- Sundar Pichai of Google
- James Gorman of Morgan Stanley
- Jorgen Vig Knudstorp of The Lego Group
- Sheryl Sandberg of Facebook
This is an all-star lineup in anyone’s book. Here are a few ways in which McKinsey ensures that their exiting employees’ farewells turn into ‘see you later’:
1. An Exclusive Alumni Interaction Platform
Once an employee leaves the company and becomes a member of the McKinsey alumni program, they retain access to a members-only website shared by current employees. This platform gives them access to event announcements, as well as a highly coveted alumni directory.
The directory is a thing of beauty – it includes the personal phone numbers and home addresses of other alumni. In some cases, these ex-employees have gone on to lead Fortune 500 companies. In short, it’s an incredible networking tool.
2. Regular Knowledge Events & Conferences
The company hosts and funds several live and online events per year. This includes knowledge-sharing interactions and conferences that allow alumni to stay up to date with happenings in the McKinsey camp. These events also tap into a rich vein of industry information that provides attendees with valuable business insights.
3. Dedicated Alumni Representatives In Office
Alumni engagement is not something McKinsey does on the fly. They take it seriously enough to ensure that there is at least one person focussed on alumni relationships in each of its offices worldwide.
The Alumni Advantage Has Never Been Any Clearer
Mckinsey’s approach to celebrating departures by building its alumni network has contributed to its success as one of the most prestigious consulting firms in the world. So much so that recruiters leverage the program as a hiring tool.
To learn more, sign up for early access to the upcoming release of The Alumni Advantage, an end to end understanding of how organizations are recognizing and leveraging their former employees; authored by James Sinclair, Co-Founder and Chief Executive of EnterpriseAlumni.