| Topic Name: |
McKinsey in decline? |
| Message Name: |
Wasting my time |
| Date Posted: |
12/29/2005 |
| In Reply To: |
I've known people who still fall for the sunk cost fallacy when its disguised, and can't figure out the market clearing price when presented with an example of several producers and their respective cost structures in a case.
This isn't about forgetting the formula for arc length, this is lacking basic rudimentary skills that all top MBAs (not just McK offerrees) should know like the back of their hand.
In regards to your "assumption", your assumption is wrong in two respects.
First, 20% is far from the resume filtering late. Nearly everyone at a top MBA who wishes to interview for McK can can do so.
Second, there are only two rounds, not three rounds for top MBAs.
I think you should familiarize yourself with the McK MBA recruiting process before you start quoting offeree rates. |
| Message: |
Okay, I'm getting really tired of these mindless nit-picking back and forth.
~20% is overall resume filtering rate, not only at top 5 schools.
Do you even know about McKinsey??s interview process this year? There were total of 7 interviews for an McK applicant this past recruiting cycle. 2 (1st round) 2 (2nd round) 3 (third round) with 1st and 2nd round on the same day. It did not matter if you were from HBS or Kellogg??they all went through the same interview process as the applicants from Cornell, NYU.
In the original post you said my 1% to 3% offer rate was off by factor of 10. Do some sanity check Mr. Consultant!! Does it make sense that 30% of top 5 MBA students get an offer from McKinsey?
Below formula is for overall applicant McK applicant pool, not from top 5.
Offer Rate = .2 x .4 x .4 x .4 = 1.3%
This topic of ??offer rate?? is exhaustively covered at previous posts. Read it up and don't bother me with it any more.
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