re: AI's next victim: Mgmt Consulting - McKinsey offering staff 9 months full pay to leave

The beef with them is that they repackage the same rape-and-pillage approach to everything but bill it as revolutionary business transformation.

1- reorganize
2- "right size" the business (lay off a shitload)
3- cut expenses EVERYWHERE
4- attempt to add back the profitable parts of the business that you fricked up

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Not saying an LSU student can't be smarter than an Ivy leaguer.

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Someone with a 700 on the GMAT whose been in an industry for 8 years will know how to tackle a problem better than someone with a 760 on the GMAT who was just introduced to the industry yesterday

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You can’t easily relate test scores and competence. I know plenty of people who went to Nichols or SLU who run circles around others who went to prestigious universities.

Not a fan of McKinsey’s business model. It’s either a) a CEO and team who don’t know their screwed up business b) a CEO who wants to “right size” the business and wants analytics to justify his already made conclusions or c) a private company founder getting close to retirement without a family heir to run the business and wants to cash out.

GS is more on the financing side and if you don’t believe they are masters of the universe just ask them, they’ll confirm. Harvard MBA posers of the highest order. Don’t know how much they paid for their offices in Santa Monica or San Francisco but they seem to be gold plated. It’s unreal.

My company’s BD group is more than capable to analyze the financial validity of making an acquisition. The integration side is where we need help.

For that the KPMG Houston consulting group is top notch, guidance and execution for things we don’t have the internal expertise to handle well. Not cheap but worthwhile and do add value.

After internal legal has had their pass, send it to Baker Botts to wrap up and we’re done.

McKinsey IMO is highly overrated.

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You haven't a clue what you're talking about. They are certainly the best and brightest and people are just salty here that someone is better than them. They're all people who got 34+ on ACTs, went to top 20 schools, many founded very successful startups, got 730+ GMAT. I'd like to see you try to get a 34+ on ACT or 730+ GMAT. They are without a doubt tenfold smarter and more successful than your average state school grad. Just because you don't like it doesn't mean it's not true.

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Have to agree here. Take an average LSU student vs an average Ivy League student and the comparison is not particularly close. With that being said, that doesn't mean they should be giving suggestions to Fortune 500 companies at 23 years old with no real world experience. As mentioned previously, consulting companies are just a really expensive insurance policy. The value is in the name brand name and the service itself is pretty useless.

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Do you work for McK?

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No, but I was recruited there and realized how useless their service really is. McK is also the most libbed out of the big 3 and its not particularly close. Everyone I talked to there was a complete freak that just wanted to talk about their LGBTQ initiatives.

Jack Lalanne
Mind Body Connection

There are two kinds of people

There's countless articles out there about all manner of frickery with McKinsey.

Like I said earlier, it's easy.

1) "reorganize" - cut people and programs. Look, cash on hand goes up!
2) "right size" - cut more people and programs. Cash goes up again! This is great!
3) cut expenses everywhere - cash still going up! Best decision ever!
4) don't need McKinsey anymore, we accomplished our goals!
5) why are all our customers pissed off?