Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by underdown on Thursday December 05, 2019 @02:35PM
(#21715624)
Wouldn't one enjoy some benefits from being proven right?
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Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by spamizbad on Thursday December 05, 2019 @03:03PM
(#21715905)
I've been in this position. The feeling of satisfaction wears off in a few minutes. My resume was updated later that week and I was on to the next adventure within two months.
And this was with a DR who stuck up for me and mentioned to the CEO directly that we paid a consultancy big bucks to tell us something a chorus of engineering team members have been saying for years.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by ScalaFan on Thursday December 05, 2019 @04:46PM
(#21716950)
Their loss. Your new employer's gain.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by underdown on Thursday December 05, 2019 @04:30PM
(#21716778)
Sorry to hear that. Hope things worked out.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by spamizbad on Thursday December 05, 2019 @07:09PM
(#21718094)
It did! I wasn’t even super pissed about it, was just the straw that broke the camels back
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by geodel on Thursday December 05, 2019 @02:43PM
(#21715713)
I haven't seen enlightened management who appreciate people who are proven right. It is mostly interested in people proven wrong face consequences. Those who got it right are just doing their day job.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by alistairSH on Thursday December 05, 2019 @03:45PM
(#21716284)
Right up until you realize the 23 year old snot who made the recommendation billed ~$3 million against your ~$100k salary.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by agiamas on Thursday December 05, 2019 @05:10PM
(#21717192)
McK will bill $3 million, the 23 year old may get at best same as your $100k salary. Which makes everyone feel sour, esp the youngster for getting 3% of what their boss charged the client...!
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by Aeolun on Thursday December 05, 2019 @11:11PM
(#21719211)
I think the snot is pretty happy with his ‘all expenses paid’ little vacation.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by LameRubberDucky on Thursday December 05, 2019 @04:30PM
(#21716787)
The person billed that for the consulting company, but I doubt they got that much. Consulting companies burn both ends.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by crazygringo on Thursday December 05, 2019 @04:37PM
(#21716845)
If you look at entry-level consultant salaries at McKinsey and then divide by the fact that they're often working 7-day, 100-hour workweeks... you'll quickly discover that your "23 year old snot" is actually making around minimum wage on an hourly basis. They could be flipping burgers instead with a lot less stress.
The consultants aren't the ones taking the money home, the firm is. So don't blame the 23 year old. He or she is honestly just doing their insane best to pay off their huge student loans.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by opencl on Thursday December 05, 2019 @04:58PM
(#21717067)
100 hours a week at federal minimum wage is less than $38k. These people are not making anything remotely close to minimum wage.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by solveit on Thursday December 05, 2019 @07:23PM
(#21718208)
But federal minimum wage ($7.25) is a lot smaller than, say, the NYC minimum wage ($15), which is more relevant. At the NYC minimum wage, 100-hour work weeks get you about 80k a year, which is about the base pay for an undergraduate new hire at McKinsey.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by dctoedt on Thursday December 05, 2019 @10:00PM
(#21718914)
The 23 year old is hoping to become a partner someday and then really rake in the bucks by leveraging successive new crops of 23 year olds.
Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg...
by bonestamp2 on Thursday December 05, 2019 @03:24PM
(#21716106)
Ideally, but unless that person was well known for their opinion then the consultants usually get all the credit.