Related Posts
McKinsey & Company Hi guys,
Please help me with the referral.
Senior/Lead data Engineer
Exp -- 8.5 years
Notice period -- 30 days
Tech stack -- Big data,Hadoop, Spark, Kafka, Azure,Python,Scala,Sql
Please ping your email id .I will share the Cisco" class="linkified" target="_blank" rel="nofollow" >resume.Cisco Target Bosch Intuit Amazon McKinsey & Company Indeed Flipkart JPMorgan Chase Morgan Stanley VMware Intel Corporation Hewlett Packard Enterprise Paypal Salesforce
Anonymous User
Enthusiast
CAIA vs CFA?
Bowl Leader
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
M1 is completely right - but there are several other factors that stand out to me as an alum:
+Firm’s general perception and brand has taken a hit due to the various scandals. I don’t know if the firm will ever recover from the opioid crisis (at least in the U.S.). I thought Kevin was doing the right thing by making the firm more transparent (both inside and outside) but Bob has swung the pendulum back - which doesn’t help with the general perception.
+The nature of strategy consulting has significantly changed where we are not the gatekeeper of sacred business knowledge, hence the shift in the firm towards solutions and implementing them as well as expanding into new areas where we compete with big4. It explains why the fee structure has also significantly changed. The general consulting toolkit isn’t as valuable anymore by itself
+The world itself has become much more technical and specialized. The people leaving with great exits typically either specialized in something before coming or during their time here - combining the consulting toolkit with industry knowledge.
+YOE matters much more in industry than logos on the resume, especially for the higher paying senior positions. They are also helped by a strong professional network, which anyone below AP isn’t likely to have, unless they came with significant pre-firm experience. The firm is really “golden handcuffs” because what the firm pays is vastly different than what industry pays - unless it’s tech or pharma.
+The economy hasn’t been in a good place for a while and likely won’t be (for example, my team has been on a finance-imposed hiring freeze for 2 years now). This current administration thrives on unpredictability, and especially with these tariffs, businesses are not able to plan as well as they’d like to. There’s generally more likely to be layoffs than hiring sprees as inflation ticks up
Imo, we’ve grown way too much and diluted the brand by taking all sorts of work imaginable (PMO, IT integration in M&A, you name it) and competing with Accenture or Big4 on certain LoPs. Plus the market is oversaturated with consultants rn after the wave of crazy Covid hiring. I’m not sure though the perception of McK was that different in 2018-2019.
There have been several great exits this past year. It’s meant to be a large sample, doesn’t have to be true for 100%
There definitely have been some stellar exits recently, but do agree that average talent profile has diluted due to the massive hiring spree.
Well summarized GE!