Hi Guys, Can anyone please explain what differentiates Mckinsey’s consultants from other consultants? To be specific, how does their mind work? If someone’s not good at numbers, can they still make a great consultant? I’m currently reading “The Firm” and while it touches the different subjects at the surface, I want to dig deeper and learn about the strategies they use everyday to become the best consultants in the workd. #mckinsey #consultant #consulting
The only way McKinsey consultants are good with numbers is mental math arithmetic you can develop that in a month if you've passed high school
Those guys are stuck in the calculator era.
I heard grade school students in South and East Asia are stellar at multiplying big numbers in their head. Time to open up recruiting for child "math prodigies"
Reading Cracking the Case book. That’ll tell you how consultants think.
You mean crack the case right? Awesome recommendation. Thanks
Is this the one by David Ohrvall ?
If you're ready to do mindless powerpoints without any much thought to it, sure.
You forgot about charging $1M+expenses/mo (for a small team) while giving advice to authoritarian regimes, bankrupting companies (e.g. swissair) and just thinking you're the shit thanks to your ultra elite MBA. My worst ever manager was always infallible ex BCG harvard MBA genius. Sadly, plenty of them getting into tech after IB and consulting no longer considered 'sexy'. They have near 0 chance convincing strong tech founders, but plenty companies out there that fall for MBB scam
It’s been really entertaining to see ex-McKinsey/BCG/Bain silver-spooned, bleached-asshole consultants struggling to land product roles
There’s literally a book called “The McKinsey Mind”. Check that out. Primarily GMAT scores is the kicker. If you can score in the 90th percentile and do enough case-interview prep, you can likely work for them Haha. Btw, they are typically compared to Bain and Boston Consultant Group...
Yup. I’ll have the book added to my reading list.
Thanks a lot
Consultant firms are about perceived value not actual value. The fact that they’ve cultivated a mystique about how smart they are is a large part of that
That’s actually an amazing perspective. But I still think that a bunch of people making decisions for the most advanced, resourceful companies on the planet must have something others lack.
No
I can tell you what makes consultants good - exposure to other clients. Once you are in the door as a junior employee, you get to see how several companies operate (by reviewing similar processes in multiple locations) and can glean what works and what doesnt. Turn those conclusions into nice takeaway bullets and recommendations, and you are now a subject matter expert. This is 90% of consulting. McKinsey's exposure to many A tier clients creates a snowball effect of knowledge, best practices, and expertise.
This is very correct
I've worked with McKinsey before. You know what I learned? Nothing. They're regular people and they still make mistakes and have blind spots. The prestige they say they have is just the combined experience of their consultants and resources they trot out, just like any other company.
All consultants in general are trash
Pretty much. I was on a call today with 10 people and one customer . Lame lame lame
How much did you bill for that? Lol
McKinsey is good? Lol
Not really ^^
Cool story bro. I’ve worked with McKinsey. I’ve worked with Bain. Yes, those with PhD’s are very smart. But I didn’t walk away thinking they were some amazing gift to the world. Just regular folks. Hell, McKinsey got fired from what I was working on with them because they were so full of shit. Oh, and yes, agree on Q.
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You’re reading the John Grisham legal thriller?
Oh no no. That’s another book. This is a book by Duff Mcdonald. It covers everything on Mckinsey (from history to present)
ROFL 😂 Man. Art of Deal to become the President!