| Topic Name: |
McKinsey in decline? |
| Message Name: |
i question the work as being distinctive |
| Date Posted: |
12/25/2005 |
| In Reply To: |
but i respectfully disagree with XTC and others that McKinsey is on the decline. now i dont know what happened 10 years back, but from what i can tell, i think the biggest problem we have today is that we are growing too fast. it creates three problems, when a firm like mckinsey grows this fast: (i) we have to recruit people who shouldnt be here, (ii) we have to do work (in order to sustain our $4B annual revenues) that we shouldnt be doing , (iii) so many new hires puts the "apprenticeship" model at risk. does that mean we arent doing cutting edge work? of course we are. does that mean we are not capable of delivering top class work? ofcourse we are very capable - we are at least as capable of BCG and Bain - in fact, I think we are more capable. does that mean our quality has deteriorated over time? i dont think so at all. does that mean if BCG and Bain have "caught up" with us? i dont think so either. they are both one fourth the size of mckinsey - really small compared to us. im sure we do more "prestigeous" and "cutting edge" work than BCG and Bain put together - but in order to sustain our size, we also do stuff that we really shouldnt be doing.
so should you take an offer with mckinsey - of course yes. should you choose mckinsey over BCG and Bain - i dont think there is much wrong you can do with either of these three, so im not going to give you wrong advice by saying that you should choode mckinsey - but i can assure you that you are definitely NOT worse off with mckinsey - better off, if at all.
my $0.02 |
| Message: |
After having spent 6+ months with McKinsey, my question for veterans of McKinsey and the board -
Is our work truly distinctive?
Please do not reply with the same old BS.. i am looking for true opinions. Quite a few of the projects on the board right now, I feel like any good internal consultant could have done the same job in 1/10th the cost. So does MGM truly believe the work to be distinctive, am I missing the picture, or is it just recruiting BS.....
PS. do not assume I don't like my job.. I really love it! its been an amazing learning experience for me, but I have something in the back of my mind questioning the true value add in the work we do...
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