| Topic Name: |
pathetic |
| Message Name: |
A few facts and an opinion |
| Date Posted: |
12/27/2005 |
| In Reply To: |
I currently have an offer with McKinsey. At a recruiting event someone from another firm told me that McKinsey was losing talent in a rapid brain drain. They quoted an article in a consulting magazine that said that growth had slowed from the heady pre-2002 period (is the firm now shrinking?), that headcount had fallen strongly (attrition increasingly both to other consultants as well as other businesses) and that the culture had become significantly diluted by both new offices as well as a higher consultant to partner ratio. McK has always attracted me as the ultimate brand name to put on my CV, but this made me worried in a whole host of ways. Any views out there from McK or others?
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| Message: |
Number of consultants (000, gathered from different public sources):
End 1990: 2.4
End 1995: 3.6
End 2000: 6.5
End 2001: 7.4
End 2002: 6.2
End 2003: 5.5
End 2004: 5.9
End 2005: ?
So, yes the firm has grown since end 2003. In contrast if you compare to end 2000 and 2001, it has not.
As for the the culture it has clearly become more "commercial" (since the mid nineties) and it can be easily argued that McKinsey is "diluting" its brand (the question of "milking" it implies a judgement that I am not willing to make).
The article you mention was in "Consultant News" of November 2005 and it runs on two pages. It has been widely circulated in the Firm, alathough not "officialy".
Despite all this, McKinsey is still a good brand and, provided it does not make big mistakes, it should remain so (unlike Arthur Andersen).
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