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

They "helped" us through a transition while our business unit was being spun from one company to another.

They were useless. Offered nothing of value.

I'm convinced a lot of their contracts are the result of kickbacks etc.
I don't see how management can see any real value.

If they’re so brilliant, why aren’t they making something besides smart advice?

It’s kind of like ‘how to’ books; there wouldn’t be a market for them if some ‘really smart’, ‘properly credentialed’ advice-giver would only and once-and-forever just give us all the final answer.

I’m all for smart people moving us forward but these consulting firms are full of grifters in what amount to sinecures funded by C-level sloths afraid of their own shadows.

Lots know this and pretty much everyone else can at least sense, if not articulate, this.

It’s just that no one has done anything about it, yet…

The entire consulting gig, not just McKinsey, is quite a grift. There is nothing original in their pitch. They harvest ideas from the people employed by their client and then eventually shop those same ideas to other clients as their own intellectual property in “changing the industry.”

Consultants who are in advisory but not implementation...they should expect some turbulence in the near future. There are exceptions (such as M&A), but for the most part consulting is now developing a strategy while also getting your hands dirty to execute that strategy on behalf of a client that doesn't have the internal expertise to handle it themselves or doesn't want to take ownership of something that would have internal headwinds.

EY, McKinsey, Deloitte, and KPMG have all laid off a lot of advisory folks. A big part of that is that they aren't losing as many people to FAANG as before.

McKinsey probably told Boeing to cut down on maintenance costs.

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.