Another classic move. A junior McK consultant gets hired to a role they are barely qualified for by McK alumni at the company they consulted for and then promote each other up the ladder based on more McK consultants recommendations.

As posters have stated, McKinsey exists only to give Execs cover.
Absolutely worthless company. Bunch of fresh college grads telling CEOs what they want to hear for $300/hr.

I knew our company was doomed once we started using them to make "strategic" decisions. because our execs had run out of ideas

SuhrThang said:

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It's just a matter of time before AI obsoletes them. Unless it's already started.

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If you haven't already, check out consultingslop.com. It's meant to mock the big consulting firms, but it's surprisingly accurate.

For example, here I asked for a McKinsey deck to help TexAgs invest in AI:

https://consultingslop.com/texags-tell-us-where-and-how-to-invest-in-ai

Two of my best friends are McK alums. Both joined McK mid career solely for the goal of what you just described. They spent a couple years as analysts and transitioned to private equity.

I'm considering a career change.

I would like to be a professional insultant.

I will charge insulting fees.

Sid Farkas said:

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McKinsey will be around only as long as there are weak leaders who have to hire someone to hide behind.

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MBB is insurance for CEOs decisions to a BoD.

Can they rehire Buttygeggy and then fire him again?



Booz Allen Hamilton hopefully next to suffer devastating losses.

That place sucks.

infinity ag said:

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BusterAg said:

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McKinsey should be making absolute bank on AI implementation right and left right now. The fact that they may not be is not a good look for them.

I wonder how many projects that had related to DEI implementation or outsourcing to low cost (read: illegal) domestic labor?

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Unless things have changed in recent years, McK is known for advisory, not implementation. So basically they could say whatever they wanted to and just GTFO leaving implementation to someone else. If it failed, they just blamed the implementers.

More recently, the other top cos have started doing implementations.

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McK advises on what to do, and how to go about getting things done.

My typical experience: You need to reduce X, and you need to do that by measuring KPIs A, B, and C, hiring experts from the Alpha and Sigma group of talent, and buy company Z, but throw away their bacon fat distribution business, which our Keto dietary growth company client just so happens to be in the market to buy.

That will be $1 trillion. Best of luck.

I really have nothing to add other than everyone has pretty much nailed the consulting industry on here. I've worked with McKinsey, Bain, Deloitte, and EY. Mostly with McKinsey though.

My corporate employer wouldn't make any decisions without a powerpoint from one of these groups. It was incredible. At one point, we were spending millions upon millions per year just for consulting and we literally had every major consulting company in the building at the same time except for BCG. They were the only ones that never got to feed at the trough.

Sid Farkas said:

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McKinsey will be around only as long as there are weak leaders who have to hire someone to hide behind.

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So...

Forever...

you are also leaving out how Palantir and AI and Quantum will replace consulting companies.

YouBet said:

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I really have nothing to add other than everyone has pretty much nailed the consulting industry on here. I've worked with McKinsey, Bain, Deloitte, and EY. Mostly with McKinsey though.

My corporate employer wouldn't make any decisions without a powerpoint from one of these groups. It was incredible. At one point, we were spending millions upon millions per year just for consulting and we literally had every major consulting company in the building at the same time except for BCG. They were the only ones that never got to feed at the trough.

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I am sure your CEO or whoever the "sponsor" was, eventually left or got fired and joined one of these consulting firms.

That is how the scam works. Sponsor benefits at the cost of the employer.

Ag with kids said:

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Sid Farkas said:

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McKinsey will be around only as long as there are weak leaders who have to hire someone to hide behind.

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So...

Forever...

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As long as Boards of companies decide to grow the balls to push back.

But they are all in cahoots in looting the company until there is nothing left....you scratch my back, I scratch yours.

infinity ag said:

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YouBet said:

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I really have nothing to add other than everyone has pretty much nailed the consulting industry on here. I've worked with McKinsey, Bain, Deloitte, and EY. Mostly with McKinsey though.

My corporate employer wouldn't make any decisions without a powerpoint from one of these groups. It was incredible. At one point, we were spending millions upon millions per year just for consulting and we literally had every major consulting company in the building at the same time except for BCG. They were the only ones that never got to feed at the trough.

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I am sure your CEO or whoever the "sponsor" was, eventually left or got fired and joined one of these consulting firms.

That is how the scam works. Sponsor benefits at the cost of the employer.

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Actually, the opposite. We started hiring the consultants into senior leadership positions to just come run the company.

You guys realize they cut the bottom 10% every year, right?

YouBet said:

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infinity ag said:

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YouBet said:

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I really have nothing to add other than everyone has pretty much nailed the consulting industry on here. I've worked with McKinsey, Bain, Deloitte, and EY. Mostly with McKinsey though.

My corporate employer wouldn't make any decisions without a powerpoint from one of these groups. It was incredible. At one point, we were spending millions upon millions per year just for consulting and we literally had every major consulting company in the building at the same time except for BCG. They were the only ones that never got to feed at the trough.

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I am sure your CEO or whoever the "sponsor" was, eventually left or got fired and joined one of these consulting firms.

That is how the scam works. Sponsor benefits at the cost of the employer.

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Actually, the opposite. We started hiring the consultants into senior leadership positions to just come run the company.

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That is just Step 1. Once these "consultants" run the company into the ground, they will all leave and go back to the mother ship and take the failed CEO with them.
OR
They will join other companies and give consulting gigs to the mothership so they can come back again if they need to.

Everyone makes money in all cases.

It is a tangled web.

infinity ag said:

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YouBet said:

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infinity ag said:

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YouBet said:

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I really have nothing to add other than everyone has pretty much nailed the consulting industry on here. I've worked with McKinsey, Bain, Deloitte, and EY. Mostly with McKinsey though.

My corporate employer wouldn't make any decisions without a powerpoint from one of these groups. It was incredible. At one point, we were spending millions upon millions per year just for consulting and we literally had every major consulting company in the building at the same time except for BCG. They were the only ones that never got to feed at the trough.

---

I am sure your CEO or whoever the "sponsor" was, eventually left or got fired and joined one of these consulting firms.

That is how the scam works. Sponsor benefits at the cost of the employer.

---

Actually, the opposite. We started hiring the consultants into senior leadership positions to just come run the company.

---

That is just Step 1. Once these "consultants" run the company into the ground, they will all leave and go back to the mother ship and take the failed CEO with them.
OR
They will join other companies and give consulting gigs to the mothership so they can come back again if they need to.

Everyone makes money in all cases.

It is a tangled web.

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The ones we took on actually never left. They've been there for years now.

I am betting we work for the same company