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Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by mountainofdeath on Thursday December 05, 2019 @02:04PM (#21715242)
Basically. It's a filter that proves someone who worked there is smart and hardworking. It also explains their virtually universal requirement for an Ivy league (or similar) background.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by TrackerFF on Thursday December 05, 2019 @07:56PM (#21718383)
Same goes for investment banking, and similar.

You don't hire overachieving 4.0 HYPS grads that have "played the game" since they were 14 because they're the smartest guys / gals around, you do it because they'll work 18 hours a day if needed. It's a great indicator of at least two things

1) The person is able to learn quick, and pick up new things very fast

2) The person has exceptional work ethics, and will do what's expected. You're driven enough to not lose motivation.

And then you set them to do menial grunt-work like fixing spreadsheets and formatting PP slides.

Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by kortilla on Thursday December 05, 2019 @02:21PM (#21715456)
> It's a filter that proves someone who worked there is smart and hardworking.

Disagree

> It also explains their virtually universal requirement for an Ivy league (or similar) background.

This is all it is. It’s an indicator that you played the connections game well enough to get into an Ivy and kept up the skills after graduating.

You don’t hire from them for hardworkers. You hire from them for connected people.