Not true IME. 80% of Harvard seniors graduate debt free. |
Monsanto has to be in this list too. |
That’s because so many graduates are wealthy to begin with. They still enroll a very low % of Pell grant recipients.
|
Pell grant recipients graduate from HYPS debt-free because their financial aid policies for low and middle income families is very generous. Also, Harvard has around 20% of undergrads on Pell. That's not a "very low percent." |
I worked at one of MBB out of college (10+ years ago) and even then, remember there being very real conversations around professional standards and which clients/cases to work out. I wasn’t staffed on any morally questionable cases (think tobacco, opioids) and generally felt good about my time there.
I would take anything the NYT says with a grain of salt. They are not without some very real biases (think: anything large and corporate) that make me question their reporting. Still, as a former consultant, I do think there’s some element of truth here that McK really needs to reckon with. Companies are only Teflon for so long. And as to some of the comments here - standard DCUM that think the only meaningful and moral work can be found in the public sector. I think it’s short sighted to say anyone going into these jobs simply only cares about money. It’s intellectually dishonest and weak argument at best. Most people go into consulting (or law or medicine or finance) because they are also very intellectually curious and competitive. The work and analysis is *hard*. It’s refreshing and invigorating to “crack” a case as we used to call it and then implement that solution. Not everyone wants to work as a teacher or public servant and that’s ok! |
But as another PP said, it’s not a binary choice of consulting vs digging ditches in a village in Honduras. There are lots of jobs and companies and places to work. Why did PE and consulting become the holy grail? |
I would never recommend consulting to my children. Been there, done that, it was a miserable experience. |
I had no idea what McKinsey was or did until I clicked the link. |
No one here said the only meaningful and moral work can be found in the public sector and certainly it's ok if not everyone wants to work as a teacher or a public servant but feeling good about working there just because you didn't staff opioids yourself warrants a closer look. And what exactly about the NYT reporting are you challenging? |
McKinsey is long past "teflon" as is evident from this thread |
Now do Accenture. |
Boston Consulting is supposed to be hot too. |
"crack" a case = figuring out how to squeeze money out of poor sick people that they don't actually owe! whee! |
+1 I pray I am never in a position where I would describe "cracking the case" of helping a corporation to get richer as "refreshing and invigorating." Cringe. |
BS. I have worked at one of these companies too. The work for the first couple years is mind numbingly boring and the hours suck. You only do it for $$$ and prestige |