Consulting

Anyone else agree that McKinsey is overrated?

likesmarthelpfulfunny
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Let’s be real... we are all overrated. Most of us have way too high senses of self worth based on the schools we went to, our airline / Marriott status, and the fact that we eat out at nice restaurants. All of our firms have rock stars and all of our firms have complete morons. And most importantly every one of our firms sells a TON of bs work that provides zero value, but we spin it as the next coming of jesus

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👌

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Here is the sad truth If most of us got into Harvard we would go to Harvard - if most of us got into MBB - we would take MBB

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I turned down Harvard since I already got into Deloitte

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There’s a McK team doing a project at a life sciences client I am at. There are 3 partners, 1 AP, 1 EM and 1 Associate involved. Every single one has both an MBA *and* a PhD or MD. Sorry bud, it’s next next level

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SC1 thats what you do when you run out of toilet paper

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Agree this is silly. 1 - all consulting is overrated, see points above 2 - compared to other consulting firms, McK is no more “overrated” than the others 3 - comparing McK to PwC (or any other B4 consulting firm) is like comparing Gucci and Zara. They’re playing entirely different games. One is high margin, the other is high volume. That said, McK has its pick of the talent pool (except vs Bain and BCG), so I’d say without a doubt that the avg McK person at a given level is stronger than the avg Big 4 or Tier 2 person at a similar level. Are there individuals at the Big 4 / Tier 2 that are stronger than people at McK? Yes. But on average you’re deluding yourself if you think our people are better. When is the last time someone turned down a McK offer for the Big 4 (save for maybe certain partners but that’s an entirely different set of decision criteria).

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It’s just another pimp on the block. We are all whores. We will go work for the pimp that will pay us the most.

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But some pimps have way better health benefits

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I have worked along side with mck teams over the last 20+ years and I’d say it varies a lot. They do much deeper analysis and strategy type work, but they really lack at anything downstream from there like business process, pm etc. They are also 2-3x as expensive as us and operate at a greater level of access/client than we typically do. The points above are generally right though. If you can get a job there or hire them as your consultant, go for it. You won’t regret it

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They do. And some firms actually do a really nice job. But can’t command the rates of mck and end up not being very profitable on those projects. So they move downstream to things like pm that have decent margins and longer term engagements.

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Since moving to the client side to a team that hires Mck a lot. I’m pretty underwhelmed by the work and the quality, have noticed a lot of holes in their hypotheses and even quality issues. The deliverables are not different than what I was doing at a T2 strategy firm. Truth of the matter is that at most of the clients (including mine), no one gets fired for hiring Mck...

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Agree. When I was on the client side before, we hired McK just to manage a broken group of execs bc like you said, no one gets fired for hiring McK (powerful brand). Their actual work product? Well, it was not any better than other consulting firms. Same shit, different ppt template

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I’ve worked along side tier 2 and 1 firms (McK and BCG) as a customer. I’m now at a big 4 firm. I actually turned down an offer to work for McKinsey. I just didn’t see myself fitting in there or imagined myself working the way they do. They’re extremely intelligent, highly interesting people. But they are over exuberant with their ideas and have a bit of “I know better than you attitude”. That’s just my experience in the capacity of a customer. Not to say I didn’t enjoy it.. but I found myself rolling my eyes a bit and sometimes struggling to get a word in. I remember one time i came to work early (5am) and they were all asleep in the boardroom.... They really do come with a very educated perspective however. On the other hand, the tier 2s come with a much more ‘you tell us’ attitude. It’s more of a body shop mentality. I just gelled with the leadership more - it’s more chilled, less pressure. Works for me. But definitely not forever. No interest in partnership

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No.

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