Why Taxpayers Pay McKinsey $3M a Year for a Recent College Graduate Contractor

Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by bkor on Friday December 06, 2019 @04:48AM (#21720389)

I've worked with various from McKinsey. The work is not that impressive. It's like having an MS Office expert, especially Excel and Powerpoint. The person is able to work long days, so after a workshop they spend a huge time to make it look nice again. Though one told me they have a separate department for quickly making presentations look "nice". Meaning, the consultant just sends it off to that other department.

Reading how expensive they are I'm glad McKinsey isn't used anymore.

The major reason they're hired is because of the McKinsey name (convincing others in your company). Not so much for anything else IMO. Maybe you we're doing great work but that's not the ones we saw (I saw various).

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Re:Why Taxpayers Pay McKinsey $3M a Year for a Recent Colleg... by ethbro on Friday December 06, 2019 @07:06AM (#21721071)

You don't hire strategic consultants because you don't know what to do: you hire them because you want someone else to tell your colleagues to do the thing you think you should do.

So, essentially it requires the same skillset as a fortune teller.

(In the private sector)

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