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Shelley Stewart III

Partner, New Jersey
Helps companies accelerate growth and design new go-to-market models in the private equity, advanced industries, and technology sectors

About Shelley

Shelley is a leader within McKinsey’s Private Equity & Principal Investors Practice, where he serves a range of clients on marketing and sales topics. He has worked with numerous privately held and publicly traded companies across the industrial and technology sectors, helping them identify opportunities for accelerated growth, design new go-to-market models, improve effectiveness of sales-force deployment, and improve margin through comprehensive pricing programs.

In addition to his client work, Shelley leads McKinsey’s research on Black economic mobility in the United States. He has published numerous articles and is a speaker on the topic. Shelley is also on the board of directors of the National Black MBA Association.

Before joining McKinsey, Shelley worked in the financial services industry. He held a variety of roles at an investment banking firm, and subsequently cofounded Dreadnought Capital Management, an investment management firm where he led portfolio management.


Closing the racial wealth gap by investing in Black consumers,” McKinsey & Company, April 2022

Serving the Black consumer is a $300 billion opportunity,” McKinsey & Company, December, 2021

Published work

A $300 billion opportunity: Serving the emerging Black American consumer,” McKinsey Quarterly, August 2021

How HBCUs can accelerate Black economic mobility,” McKinsey & Company, July 30, 2021

3.5 million Black American households have a negative net worth, new study finds,”, June 2021

Here's how to propel 2 million Black Americans to the middle class,” CNN Business, June 2021

The economic state of Black America: What is and what could be, McKinsey Global Institute, June 2021

The case for inclusive growth,” McKinsey & Company, April 2021

Investing in Black economic mobility,” McKinsey & Company, February 2021

America 2021: The opportunity to advance racial equity,” McKinsey & Company, February 2021

It’s time for a new approach to racial equity,” McKinsey & Company, December 2020

Building supportive ecosystems for Black-owned US businesses,” McKinsey & Company, October 2020

COVID-19’s effect on minority-owned small businesses in the United States,” McKinsey & Company, May 2020

COVID-19: Investing in black lives and livelihoods,” McKinsey & Company, April 2020

The case for accelerating financial inclusion in black communities,” McKinsey & Company, February 2020

The future of work in black America,” McKinsey & Company, October 2019

The economic impact of closing the racial wealth gap,” McKinsey & Company, August 2019

Automation and the future of the African American workforce,” McKinsey & Company, November 2018


Closing racial wage gap could lift 2 million Black Americans into middle class, study finds,” Marketplace Radio, June 2021


Columbia University

Boston College
BA, economics