| Topic Name: |
McKinsey in decline? |
| Message Name: |
That's right, plus.... |
| Date Posted: |
01/31/2006 |
| In Reply To: |
Some comments:
HBS and Stanford are top MBA schools in the world with acceptance rate in the range of ~10%. HBS has the highest McK offer rate of all b-schools at around 10%. The product ~.10 and ~.10 is around 1%. This is 1% from prospective HBS MBA applicants (~6000) who thought they had a chance of acceptance--obviously, application process is not a stroll through a park.
If you look at 2nd tier MBA schools, Duke/Cornell/Michigan, total number of McK offers drops down to single digits PER class, compared to HBS?? ~100 offers per year.
Just to set the record straight, less than 10% of Stanford MBA grads went to M/B/B in 2000 (according to previous post by marty_k: 20 for Mck, 6 for BCG, 6 for Bain, out of class of ~350+)
As far as PE/VC shops being more competitive, no arguments here. Blackstone??s PE group has 60 professionals total WorldWide, including 16 managing partners. So instead of top 1%, firms like Blackstone probably interview top .1%, who are conveniently differentiated by GPAs between 3.7 and 3.9. (Who knew that B+ in marketing could make such a big difference in your career : )
Calling_marvin, I think you would agree that informal surveys are sometimes unreliable. The phenomena of recent brain drain due to b&b migrating to 1) Tech companies 2) Financial-Banking 3) Entrepreneurship is moot as illustrated by Stanford data showing the industry placement trends have been essentially been the same for the past 8 years.
From the little knowledge that I have, PE/VC and mgmt consulting are very different careers. One cannot just assume that all b&b will opt for PE/VC, simply because it??ll pay more. Astute applicants will obviously make his/her determination based the long term career goals and his/her professional interests.
|
| Message: |
I was HBS Class of 2003. Fully 10% of my incoming class was former McKinsey BA's. Based on that, I don't think it is too worrisome for McK to hire 10% of the class. Typically, the number of people who join as "greenfields" is around 30 people, plus or minus. That's 3% of the class. If our recruiting processes work well, those folks will be from the "best and brightest."
A comment on "best and brightest." How do you define that? How should we? How does Goldman? How does GE? At a top school, > 80% the people have something special about them. They are all best and brightest in some sense. The guy who would be perfect for a hedge fund might suck at consulting.
|
|
