Fellow - Product Development and Procurement

McKinsey - Chicago, IL

Full-time - Entry Level

Chicago, IL

Professional, Scientific, and Technical Services

About the position

The Fellow - Product Development and Procurement role at McKinsey & Company is designed for recent graduates who are eager to engage in consulting work that drives significant impact for clients. This position focuses on transforming organizations through innovative product strategies, operational improvements, and supplier collaboration. The role emphasizes teamwork, analytical problem-solving, and direct client interaction, allowing fellows to contribute to meaningful projects that address complex challenges in various industries.

Responsibilities

• Assist clients in solving complex problems related to product development and procurement.
• Drive process improvement and deliver successful business results for clients.
• Develop broad-based strategies for a diverse set of clients.
• Gather and analyze information to formulate and test hypotheses.
• Develop recommendations and implement them with client team members.
• Collaborate with teams of 3-5 consultants to analyze, design, and implement business performance approaches.

Requirements

• Bachelor's degree in engineering or supply chain focus preferred, graduating spring/summer 2025.
• Industry awareness in basic materials, chemicals, financial services, healthcare, high-tech, oil & gas, or pharmaceuticals.
• Demonstrated track record of assessing and driving transformational improvements.
• Knowledge of the full value chain, including purchasing/supply management, product development, and manufacturing.
• Demonstrated aptitude for analytics and problem-solving.
• Proven leadership experience in work settings or extracurricular activities.
• Ability to work collaboratively in a team environment and effectively with people at all levels of an organization.
• Strong communication skills to convey complex ideas.

Nice-to-haves

• Experience with lean methodologies and process optimization.
• Familiarity with digital and analytical solutions in product development and procurement.

Benefits

• Medical, mental health, dental and vision coverage.
• Telemedicine services.
• Life, accident, and disability insurance.
• Parental leave and family planning benefits.
• Caregiving resources.
• Generous retirement contributions program.
• Financial guidance and paid time off.