I am noticing that McKinsey is increasingly recruiting at non-elite schools (very roughly speaking not top 15 schools). At my old undergrad, 5 years ago the most competitive firm to show up was EY. This year McKinsey took 4 non-internship full hires. Why is McKinsey going “down market” for recruiting? Are elite school kids losing interest in consulting so McK has to cast a wider net? Or is McK seeking a wider pool for other reasons? I advise undergrads on consulting so want to be best informed.

likefunnyupliftingsmart
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All these posts are ignoring the fact that just because someone didn’t attend an elite school, they should be viewed as a second tiered consultant.

Consulting firms seek strong talents, and talents are nested everywhere; not just in Ivy League academies. There are so many students who come from state/community colleges who are likely more intelligent than myself (I attended an elite institute). But they just never had the privilege to compete with me/us. Or perhaps didn’t have the resource to compete.

The fact that they can also get recruited by MBB proves that fact, so stop talking about these recruits as if they’re second class citizens who got lucky.

In addition, by tapping into different institutions, it increases the neuro-diversity of their collective workforce. Students who may not excel in the academics or case interviews, most CERTAINLY excel at something. I’m willing to put down money that some of these students have more grit than MBB consultants here, I’m willing to put down money that some of these ‘non-elite school’ grads can run circles around us if only they were as privileged as some of us growing up.

Get off your goddam high horses.

likesmartupliftingfunnyhelpful

This.

likehelpful

I don’t come from a top tier background. My mother is a hairdresser who has to work until the day I can afford to retire her (should be within the next couple of years) and I never knew my father. I had no idea how to get into Ivy League or even top 20 schools. I went to a small “no name” school because they offered me a full ride scholarship and that was the only way I could go to college. I’m not going to be arrogant but I think the firms that turned me away because I didn’t go to a name brand school truly missed out. Accenture took a chance on a no name grad from a no name school and I have excelled. I’m about to exit to a Prod. Manager role at Amazon because I’ve proven myself above those Ivy League legacy grads. The school you went to says very little about your abilities and I think more firms are finally waking up to that reality.

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If I was McKinsey, I would want the top 5% of talent at a non target than top 50% at a target.

likesmartfunny

Agree!!

We're casting a wider net for a variety of reasons. We have large growth in non-traditional consulting areas such as Implementation, Digital and Analytics, Operations, etc. The best candidates for these aren't always Ivy League. For example someone with a Georgia Tech engineering degree, 5 years of experience, and an MBA from Michigan is likely a better fit for Operations or Implementation than someone with 2 years of finance/consulting experience and an MBA from Harvard.

likehelpfulupliftingsmart

I understood this immediately and i fully agree

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Or maybe qualified candidates come from various diverse backgrounds that don’t just belong to target schools. Said kids are also superbly intelligent and prepped for the case very well.

likesmart

Not enough diversity hires at T15 schools. Also tech is stealing some talent, so they need to cast a wider net to compete.

likefunny

Hah, I just saw your response here.

1. I had no way of knowing if you were black, white, etc., so it had no bearing on my perspective.

2. Your comment did sound angry. You said "what the hell is a diversity hire?". I could be wrong, but that doesn't sound like a calm or happy response.

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Because 50% of the talent at top 15 schools are legacy admits for the children of wealthy alumni.

They probably realize that you can find top talent at places where not everyone comes from money.

likeupliftingsmart

A1, the 50% figure is for undergrads not MBAs

likefunny

Also consulting is moving more towards implementation. HSW people generally don’t like doing implementation.

likefunny

High Society Whites

likefunnysmart

Restricting to “elite, top 15 schools” will restrict the demographics of your new hires given that those schools are overwhelmingly white, upper middle class (or higher) families. One way to target underrepresented populations is to more actively recruit from other schools, like HBCUs, state flagships, etc.

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Agree with this. Am white but grew up in rural America with blue collar parents and went to an Ivy. My SO went to a top non-Ivy. Almost no one either of us knew at school came from less than comfortably upper middle class parents (doctor, lawyer, etc). The wealthiest were often the international students. Diversity at these schools is pretty skin deep.

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Tech is stealing most of the top talent these days.

likefunny

Yeah... I graduated from a top 5 MBA 5 years ago. Getting into Deloitte S&O was not a big deal. And tech has been pretty constant. Maybe you mean 15 years ago?

McK is growing significantly each year and it’s getting bigger and bigger (so it’s not a small BA class any more). Even if it wanted to hire only from elite schools, it just couldn’t afford to do it. An increasing appetite for diversity hires is also important of course.

likehelpful

Finally. Scrolled like 10 posts before someone hit the right answer. How do you not increase recruiting when you’re tripling in size over 10 years?

likehelpful

It’s simply that the best students of non-target school are as qualified as the others. Target school might have a “better” average student but in my opinion, the best ones of each school are the same caliber

likesmarthelpful

I think Tech has disrupted hiring culture. They brought in this notion that anyone could be hired if they are able to meet our hiring bar. What school you went to does not matter to us because we trust our own interview process.
This essentially forced MBB to adapt to change. Guess what, they weren’t the ones bringing in an innovation this time.

likesmart

McKinseys interview process has also historically been terrible. First get into HSW. Then do several case rounds, get coaching. It’s almost as if they have shot themselves in the foot, because FAAnG processes, are faster, fairer, and more streamlined.

likefunny

McK has a pretty fair interview process - everyone knows how to study for it, and exactly what the interview entails. You know how many rounds, your interviewer background and you are given time to prepare. The process is very standardized which eliminates dependency on luck and random events. 20 different people going through the process will all have had a similar process.

FAANG on the other hand, might have 2 rounds or 8. If you mess up on one chat you might not pass. Interviewers don’t have standardized training. It’s not really faster, fairer or more streamlined.

likesmart

Damn the number of non McK people leaving (often wrong) comments on here lol

likefunny

I wouldn’t look down upon the other schools because most (90%) of consultants know nothing. The folks at McK May have discovered this and are simply seeking other attributes over a degree.

likeuplifting

Weren't those same ivy league schools outed about a year and a half ago for having ultra-rich people greasing the palms of a charismatic man running a national ivy league school 'recruiting' network to get their academically mediocre and lackadaisical kids in through the 'side door'. And let's not pretend that was the first time, it's been going on for years. The truth is many people are paying the extra money not for the stellar education, but for the illusion of a stellar education.

likeuplifting

Many students at targets are increasingly favoring tech over consulting too

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Second this. Recently graduated from an Ivy undergrad and know several ppl who turned down mbb offers for tech

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Only getting people from the same places breeds the same biases and the same perspective. There is nothing down market about employing a diversity of backgrounds. I think the thought on this is shifting from elite, expensive, largely white homogeneous schools as the focus to the quality of candidates themselves across the industry.

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What's the point of having an interview process if being from elite schools is all that's required? I have seen people stuck with their thoughts of being from prestigious school and not delivering enough, hence not growing enough. I am not from top tiers, still recruit from IIT, IIM, Stanford, it's not which school have you studied in the past but what you deliver at present! Companies won't pay you because you have spent so much to study in top tiers, but to deliver and add value. Okay, get off your high horses!

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