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[quote=Anonymous][quote=Anonymous]Can someone explain the concept of McKinsey consultants to me? I know a young lady who just started working for McKinsey as a business analyst. She is 22 years old and graduated from Notre Dame with a degree in Italian and Program of Liberal Studies (ie great books). How does this qualify her to "consult" with multinational companies? I mean, she's smart -- obviously -- but I've never quite understood this. (I'm not in a field that uses consultants)[/quote]

The concept is this:

You are a fortune 500 company CEO. You pay outrageous fees to 22-28 year old who come into your company for 2 weeks, thinking they've figured out every nuance to running your business in a matter of days, they generate some fancy power point slides and a report package, then implement the same formulaic crap to enhance 'efficiencies' and 'synergies'. Then the CEO can say they hired 'experts' (lol at 20 somethings being referred to as experts at anything) to make important decisions.  When things go south, the CEO has an out for bad decisions, because they hired a consultant.

It's a huge racket.  Consultants never stay anyway.  They often just quit McKinsey after a few years after getting that checkmark on their resume.  It's basically a box to fill out in order to get into the elitist club at a bunch of businesses.

Very difficult to see what kind of value is added out of all of this except overpaying people to make power point slides. [/quote]

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