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Associate - Real Estate

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McKinsey & Company

Oct 11, 2024

Applications are closed

  • Job
    Full-time
    Senior Level
  • Consulting
    Real Estate & Property
  • London

Requirements

  • Undergraduate or master’s degree with between 2-5 years (Junior Associate) or 5+ years (Associate) of full-time work experience after completing your degree
  • Previous experience in a Real Estate company, Professional Services, Investment Banking, or Private Equity environment with direct and hands-on real estate expertise
  • Investor mindset and experience or strong interest in real estate, private equity and/or venture capital
  • Ability to work collaboratively in a team and create an inclusive environment with people at all levels of an organization
  • Capability to drive an independent workstream in the context of a broader team project
  • Comfort with ambiguous, ever-changing situations
  • Ability to break down and solve problems through quantitative thinking and analysis
  • Ability to communicate effectively, both verbally and in writing, in English

Responsibilities

  • You will work in teams of typically 3-5 consultants to support clients on their real estate agenda.
  • In this role, you will have the opportunity to assess market attractiveness, provide targeted information and specialized analysis on strategy, as well as prepare and deliver high-impact verbal and written communication of your synthesized findings.
  • You will also have the opportunity to work globally with clients in reimagining the role of space, which sometimes involves digital and organizational transformations.
  • You will be a subject matter expert on real estate topics.
  • You will be recognized as a valuable source of experience, information and expertise, both inside the firm and by our clients.
  • You will receive training on how to better structure ambiguous problems and take action to solve them, synthesize clear takeaways from complex information into clear takeaways and recommendations, using both qualitative and quantitative methods.
  • You will work effectively with diverse teams to come up with the best solution and move people and organizations to act.
  • To achieve this, you will establish trust-based relationships with clients to better-serve their organizations, communicate effectively with all audiences including senior leaders and develop your leadership style, leveraging your own passions, strengths and personal values.
  • During your first few years with the firm, you will serve on multiple client engagements and work with a number of colleagues and clients in a range of settings across different industry and functional areas and develop significant business experience as well as an investor mindset.
  • You will likely intersect with many elements of our firm’s work including digital, implementation, and tech and analytics capabilities.
  • Your role will focus mostly on serving clients on real estate topics, though because our clients with an interest in real estate are diverse, the role still offers exposure to a wide variety of sectors and functional levers.
  • Real Estate Consultants will be staffed full time to client engagements.

FAQs

What qualifications are required for the Associate - Real Estate position?

Candidates are required to have an undergraduate or master’s degree with 2-5 years (Junior Associate) or 5+ years (Associate) of full-time work experience. Relevant experience in a Real Estate company, Professional Services, Investment Banking, or Private Equity environment is also necessary.

Is prior experience in real estate necessary?

Yes, candidates should have direct and hands-on real estate expertise, as well as an investor mindset and experience or strong interest in real estate, private equity, and/or venture capital.

What kind of development opportunities does McKinsey offer?

McKinsey believes in strengths-based development and coaching, providing frequent mentoring from colleagues, a professional development manager who helps with project staffing, and opportunities to serve on multiple client engagements across different sectors.

Will I be working independently or as part of a team?

You will primarily work in teams of 3-5 consultants, but you will also have the opportunity to drive independent workstreams within broader team projects.

How does this role differ from the Generalist Associate role at McKinsey?

The Associate - Real Estate role focuses specifically on serving clients on real estate topics, allowing for deep expertise in this area, while still offering exposure to a variety of sectors and functional levers.

What skills are emphasized for this position?

Skills emphasized for this position include collaborative teamwork, problem-solving through quantitative analysis, effective verbal and written communication, and the ability to navigate ambiguous and changing situations.

Is this role based in London?

Yes, this role is based in our London office.

How does McKinsey support work-life balance?

McKinsey promotes a hybrid work model that can support a balance between remote and in-office work, although specific arrangements can vary by team and project requirements.

What kind of clients will I work with in this role?

You will work with a variety of real estate leaders across the ecosystem, including investors, developers, corporate occupiers, and innovators, addressing their unique real estate agendas.

Will I receive training for this role?

Yes, you will receive training on structuring ambiguous problems, synthesizing complex information, and developing leadership skills, among other areas.

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McKinsey & Company

Business Consulting and Services

Consulting
Industry
10,001+
Employees
1926
Founded Year

Mission & Purpose

McKinsey & Company is a global management consulting firm. We are the trusted advisor to the world's leading businesses, governments, and institutions. We work with leading organizations across the private, public and social sectors. Our scale, scope, and knowledge allow us to address problems that no one else can. We have deep functional and industry expertise as well as a breadth of geographical reach. We are passionate about taking on immense challenges that matter to our clients and, often, to the world. We work with our clients as we do with our colleagues. We build their capabilities and leadership skills at every level and every opportunity. We do this to help build internal support, get to real issues, and reach practical recommendations. We bring out the capabilities of clients to fully participate in the process and lead the ongoing work.

Benefits

  • Occupational Accident Insurance

  • Mental Health Care

  • Vision Insurance

  • Health Insurance

  • Life Insurance

  • Flexible Spending Account (FSA)

  • Retiree Health & Medical

  • Disability Insurance

  • Dental Insurance