How’s McKinsey doing currently with the headwinds in the marketplace? How’s the up or out model to senior partner? Lateral equity partner hires - any advice or experiences which could be shared?

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Firm economics are quite strong. At or above average of last 10 years. Up or out model is what is it: high bar to get elected Senior Partner, and the bar is holistic - in other words, it’s not just revenue-based like many other firms (client impact, people leadership, knowledge and firm building, etc).

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It’s widely known that this years economics are good. I believe McKinsey 1 was referring to this year not the last 3 ones

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Cmon guys be real. Firm economics are not great but improving. Opioids was and continues to be an idiosyncratic headwind as we rebuild our workforce and economic foundations. Hopefully bonus deferrals ease going forward

likefunny

I’m a direct elect and it has been hell. Huge growth but regret leaving my cushy big4 role. Don’t do it… That being said I’m striving now and I love it. 95% of direct elects don’t survive past year 3/4.

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Actually, based on the data, 76% make it past year 3. But your 5% estimate was very close

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Agree

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