Home > books, history > Hiring consultants: “If you offer peanuts, you get monkeys”

Hiring consultants: “If you offer peanuts, you get monkeys”

A couple of interesting reviews/excerpts from a new book about the history of McKinsey in the WSJ and an interview with the CEO:

MK-CG143_MCKINS_DV_20130909164923

  • Tanzania shelled out so much to McKinsey in the early 1970s to help plan its future that the fees became a line item in the country’s budget. Wow. BTW, that’s where the quote in the title came from.
  • Only 20% make the cut (once you’re in)
  • 85% of the firm’s roughly $7 billion in annual revenues comes from repeat customers
  • Arglye socks and mustaches were a “no no”. Funny.
  • McKinsey had 75 people in 1960. Compare that to the 18,000 today.

 

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