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Chief
More news coverage of McKinsey
Less central control at McKinsey (this is also the biggest benefit the firm has)
I will let you consider if it is only 3 insider trading cases…
But yes, I think the CCP vs US Government is a good example of how an industry and a firm who has blossomed under globalization, especially after the Nixon trip and then the Wall coming down…is challenged during a movement against globalization.
By the way, if anyone really wants to compare the US Gov to the CCP, I guess the CCP control of TikTok is working ;)
Greed attracts greed 🤷♀️
I would think it maybe more to do with it being McKinsey. They have a much larger target on their back for media. It’s been touted as one of the top firms in the world. I could ask most educated people, in white collar careers and they will know McKinsey. I would say BCG isn’t nearly as famous. For example, most people, if you tell them you went to Booth or Kellogg they wouldn’t know what those are. But say Harvard B-school they know. Are those schools any less? But people that know…know.
McKinsey hires, on average, people with higher risk tolerance, has a more aggressive/assertive/individualistic culture, and then exerts less central control over these people. Honestly, it’s a wonder we don’t have more issues like the ones you see in the media (or, more likely, we do and they aren’t discovered).
And, to be clear, I’m not one of these people who believes “it happens everywhere and we’re the only ones who get in trouble”. Maybe true of huge Big 4 firms but these issues happen way more at McK than BCG or Bain.
Chief
All of us do interviews are contribute in the hiring decision
I for one while looking for entrepreneurial drive am not looking for brash and risk-tolerant people. If you are that’s on you. But don’t make it a McKinsey thing.
I believe BCG has tighter bonus bands for MDPs, so there is less incentive for selling financially rewarding but legally risky work.
BCG has its own China issue that makes McKinsey look good.