Fellow - Product Development and Procurement

McKinsey & Company
parental leave, paid time off
United States, Illinois, Chicago
Apr 16, 2025
Consulting Fellow - Product Development and Procurement Job ID: 94812 Do you want to work on complex and pressing challenges-the kind that bring together curious, ambitious, and determined leaders who strive to become better every day? If this sounds like you, you've come to the right place. Your Impact You will be a thought leader and skilled practitioner, focused on helping our clients transform their organizations through product portfolio, innovation and design, product optimization, category management, and supplier collaboration. In this client-facing role, you will play a key part in driving process improvement, delivering successful business results, and developing broad based strategies for a diverse set of clients. Examples of the type of work associated with this role could include driving product optimization through Analytics-to-value/ Design-to-value, driving strategic sourcing to capture value, defining new operating model by optimizing Source-to-Pay processes through digitally-enabled procurement transformation programs, designing new organizational structure and reporting relationships, developing future-focused capabilities and mindsets, and/or instituting rigorous governance and performance-management methods. You will typically work in teams of 3-5 consultants, making an important contribution to the analysis, design, and implementation of business performance approaches, developing tailor-made solutions, and working closely with clients to ensure positive impact and sustainable results. You will make a meaningful, hands-on contribution by gathering and analyzing information, formulating, and testing hypotheses, and developing recommendations to present to clients. From there, you will implement those recommendations with client team members. In this exciting collaborative culture, not only will you have the opportunity to work directly with clients, you will also share your expertise and insights with colleagues globally, thereby expanding our knowledge and refining our approaches in the field of product development and procurement. Your Growth You will be based in Atlanta or Chicago as part of our Product Development & Procurement service line in North America. Our Product Development and Procurement team assists our clients in solving the world's toughest problems. Blending strategic thinking with hands-on practicality, our team of consultants and experts work to develop and implement operational strategies that solve our clients' most critical problems on a global scale. Product Development and Procurement is a rapidly growing service line that helps organizations unlock growth through product and cost transformations, with an emphasis on sustainability, customer experience, and the latest digital and analytical solutions. Your qualifications and skills Bachelor's students graduating spring/summer 2026 with engineering or supply chain focus preferred Industry awareness in basic materials, chemicals, financial services, healthcare, high-tech, oil & gas, or pharmaceuticals is desired Demonstrated track record of assessing and driving transformational improvements Knowledge of the full value chain, including purchasing/supply management, product development, manufacturing, lean, etc. Demonstrated aptitude for analytics Proven record of leadership in a work setting and/or through extracurricular activities Ability to work collaboratively in a team environment Ability to work effectively with people at all levels in an organization Skills to communicate complex ideas effectively Comfortable with up to 80% travel. Ability to travel to and work in varying environments that may be challenging and/or not accessible (e.g., factories, hospitals, mines) Please review the additional requirements regarding essential job functions of McKinsey colleagues. Apply Now Apply Later FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law. Certain US jurisdictions require McKinsey & Company to include a reasonable estimate of the salary for this role. For new joiners for this role in the United States, including all office locations where the job may be performed, a reasonable estimated range is $112,000 - $112,000 USD -to help you understand what you can expect. This reflects our best estimate of the lowest to highest [salary/hourly wages] for this role at the time of this posting, ensuring you have a clear picture right from the start, though it's important to remember that actual salaries may vary. Factors like your office location, your unique blend of experience and skills, start date and our current organizational needs all play a part in determining the final figure. Certain roles are also eligible for bonuses, subject to McKinsey's discretion and based on factors such as individual and/or organizational performance. Additionally, we provide a comprehensive benefits package that reflects our commitment to the wellness of our colleagues and their families. This includes medical, mental health, dental and vision coverage, telemedicine services, life, accident and disability insurance, parental leave and family planning benefits, caregiving resources, a generous retirement contributions program, financial guidance, and paid time off. FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites. Job Skill Group - N/A Job Skill Code - JPA - Analyst Function - Operations Industry - Consumer Packaged Goods;Healthcare Systems & Services;High Tech;Industrials & Electronics;Metals & Mining;Public Sector;Retail;Semiconductors;Travel, Transport & Logistics Post to LinkedIn - Yes Posted to LinkedIn Date - Sat Apr 19 00:00:00 GMT 2025 LinkedIn Posting City - Atlanta LinkedIn Posting State/Province - Georgia LinkedIn Posting Country - United States LinkedIn Job Title - Fellow - Product Development and Procurement LinkedIn Function - Consulting;Design;Product Management LinkedIn Industry - Management Consulting;Mechanical or Industrial Engineering LinkedIn Seniority Level - Entry level