So this study sheds some light on post-MBA compensation and prestige at the top firms (scroll down for the graphs). Interestingly, it places Booz & Co within a centimeter of MBB in terms of MBA perceptions and hoses Monitor pretty badly which I don't get, (and OW is no where to be found?)
My guess as to why Mckinsey saw such a negative shock is simply that people are coming around to the fact that, while it is part of MBB and some even see it as being in its own tier, it is still way overrated.
Case in point: I'm going to work for one of the Bs and when I tell people they usually have never heard of it. Then I'll say "Have you heard of Mckinsey?" They almost always have and I just say it's like them. Obviously anyone who knows the real deal sees no reason why Mckinsey should be a more ubiquitous name.
Obviously anyone who knows the real deal sees no reason why Mckinsey should be a more ubiquitous name.
I agree with you 100% that from the perspective of a company that's going to hire consulting firms, M/B/B are all on about the same level on average.
But there are a lot of fairly valid reasons why McKinsey matters more to the average person. They're a lot bigger + have significantly more offices. They've been around a lot longer. And, most importantly, they are by far the leader in doing influential studies on current events/issues (I can't count how many times I've seen the McKinsey climate change cited in the news, and as a current Teach for America member, the McKinsey TFA study is huge).
That's not saying McKinsey is overrated (I think they are - especially among undergrads) - just that they've earned their brand name to some degree.
While I sometimes think that McKinsey is over-hyped (I work for a firm that begins with "B"), I don't think that's why their reputation has slipped amongst graduating MBAs. If you look at the sample, the study focuses on students who are going through the recruiting process. Changes in sentiment are therefore heavily influenced by firms' recruiting practices, not just their general perception of being a good place to work.
Firms that let a lot of people go (Monitor), pushed start dates back or don't give as much coddling to applicants (McKinsey) get hurt. Meanwhile, Booz is helped by being divorced from Booz Allen and the fact that nobody has beenpushed back.
While I sometimes think that McKinsey is over-hyped (I work for a firm that begins with "B"), I don't think that's why their reputation has slipped amongst graduating MBAs. If you look at the sample, the study focuses on students who are going through the recruiting process. Changes in sentiment are therefore heavily influenced by firms' recruiting practices, not just their general perception of being a good place to work.
Firms that let a lot of people go (Monitor), pushed start dates back or don't give as much coddling to applicants (McKinsey) get hurt. Meanwhile, Booz is helped by being divorced from Booz Allen and the fact that nobody has beenpushed back.
I think this is partly true, but then from what I hear, Booz treated their staff terribly during the recession also. Could it be that in the absence of BAH, we see a new, MBBB type market segmentation? There was virtually no differential in perception b/t Booz and the others. Very surprising that if any firm, Monitor didn't move closest to those three, IMO.
Booz may have treated its current employees pretty poorly, but new recruits were treated very well (so I've been told from people I know who got offers).
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no surprises there... booz is a fantastic firm
Probably wasn't included - OW don't subscribe to MBAs and don't recruit so many because specialism begins at graduate level.
This too... amazing!!
http://www.consultingmag.com/article/ART647847?C=iI6k6rwjrkm4mTn
Any idea why McKinsey's reputation got dinged in the past year?
My guess as to why Mckinsey saw such a negative shock is simply that people are coming around to the fact that, while it is part of MBB and some even see it as being in its own tier, it is still way overrated.
Case in point: I'm going to work for one of the Bs and when I tell people they usually have never heard of it. Then I'll say "Have you heard of Mckinsey?" They almost always have and I just say it's like them. Obviously anyone who knows the real deal sees no reason why Mckinsey should be a more ubiquitous name.
http://www.nydailynews.com/money/2010/01/07/2010-01-07_exmckinsey__co_d…
maybe?
Also surprised how Deloitte got such a boost!!
Wow. Hmmm, very interesting data points.
But there are a lot of fairly valid reasons why McKinsey matters more to the average person. They're a lot bigger + have significantly more offices. They've been around a lot longer. And, most importantly, they are by far the leader in doing influential studies on current events/issues (I can't count how many times I've seen the McKinsey climate change cited in the news, and as a current Teach for America member, the McKinsey TFA study is huge).
That's not saying McKinsey is overrated (I think they are - especially among undergrads) - just that they've earned their brand name to some degree.
While I sometimes think that McKinsey is over-hyped (I work for a firm that begins with "B"), I don't think that's why their reputation has slipped amongst graduating MBAs. If you look at the sample, the study focuses on students who are going through the recruiting process. Changes in sentiment are therefore heavily influenced by firms' recruiting practices, not just their general perception of being a good place to work.
Firms that let a lot of people go (Monitor), pushed start dates back or don't give as much coddling to applicants (McKinsey) get hurt. Meanwhile, Booz is helped by being divorced from Booz Allen and the fact that nobody has beenpushed back.
I think this is partly true, but then from what I hear, Booz treated their staff terribly during the recession also. Could it be that in the absence of BAH, we see a new, MBBB type market segmentation? There was virtually no differential in perception b/t Booz and the others. Very surprising that if any firm, Monitor didn't move closest to those three, IMO.
Guys have any thoughts on the changes for Deloitte? They appear to have moved up a lot, and even pay is one of the highest...
Booz may have treated its current employees pretty poorly, but new recruits were treated very well (so I've been told from people I know who got offers).
Suscipit commodi dolor dolore molestiae saepe nostrum. Perferendis atque veniam vero expedita omnis ut molestiae quis. Voluptates doloribus quod animi quam atque necessitatibus. Veritatis eos fugit et et.
Voluptatem labore consequatur rerum sunt autem quae fuga. Assumenda a enim ipsa ipsum. Nisi autem ad voluptatum libero voluptatem deleniti tempore. Reiciendis ut saepe suscipit quas enim.
Non dolorum aut est eius voluptas doloribus sed. Dolor est ut aut exercitationem iusto ut.
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