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Hiring them is fine - charging thousands of dollars per day for expertise they don't actually have is where people start to have a problem.
by Moissanite 4y ago
Hiring them is fine - charging thousands of dollars per day for expertise they don't actually have is where people start to have a problem.
- mousetree 4y agoThey’re supervised by junior partners, partners and senior partners. By supervised I mean every proposed set of work and every resulting slide is inspected with a fine tooth comb. The 23 year olds are literally just crunching whatever data the senior tells them to. Disclosure: former consultant
- raesene9 4y agoI'd guess that depends on the consultancy, but I think one of the complaints customers have is that the "data crunchers" hourly rates is often quite high, sometimes higher than you'd pay for an actual expert in the field working as an independent.
- mousetree 4y agoTrue, although the junior rates are almost a rounding error when you see the rate of a Senior Partner. Typically though a McKinsey engagement is billed for the entire project. Internally though the price is determined by the number of consultants and their internal rate