Attention Economy


Tuesday, October 24, 2023

McKinsey and the Consulting Racket



Consultants and the Crisis of Capitalism

https://www.project-syndicate.org/commentary/consultants-bring-more-problems-than-benefits-by-mariana-mazzucato-and-rosie-collington-2023-03




Pay scale at Top Consulting Firms:
https://www.ft.com/content/9e3da189-90d9-45e7-ad91-40cca03bc3d9
McKinsey pays a base salary of $192,000 for a new recruit from business school, according to Management Consulted, a company that coaches students through consulting firms’ interview process and tracks pay via offer letters. The base salary for a candidate with an undergraduate degree is $112,000.
Bain & Co offers the same, and BCG pays $2,000 less, according to Management Consulted. Signing and performance bonuses can swell year-one pay to $267,000 or more for MBAs and $140,000 or more for undergraduate hires, it found. The firms do not publicly disclose their pay.

Ottawa paid nearly $670,000 for KPMG’s advice on cutting consultant costs
https://www.theglobeandmail.com/politics/article-federal-government-kpmg-consulting/