Reply to Does McKinsey consultants do anything?

Forum Index » Jobs and Careers

Reply to "Does McKinsey consultants do anything?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I come from third tier consulting, we take a look at a company’s practice - such as tools, processes, control environments, and implement new functions as needed. For example, one process involves complicated computation and is prone to error, we will recommend a peer review step.

We also review the policy and procedures to determine if they are clear and precise.

We conduct financial due diligence for mergers or leveraged financing transactions.
[/quote]

How would you know it better than the company themselves? Their market research is going to be much better than what you could do in a couple of weeks. Also, they understand the deficiencies but may be don't have the balls to tell the c-suite staff that consultants could do.

Companies that run well don't need outside consultants. [/quote]

The company buying target company will be looking for the best deal on the market, and they will do so with borrowed money. So two problems exist here, 1 the target company stockholders might be squeezed into a lower price instead of fair market value; 2 the lenders are also at risk should something go wrong. Consultants are not experts in the company affairs, but we are sort of independent with our own ass to cover. So what we do here is to convince the target company investor and lenders that this transaction is sound and not screwing people over.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics