Word: mckinseys
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...Newsweek. Twenty-year-olds have been told they weren't quite good enough for that thesis grant or prestigious fellowship. And 21-year-olds by the dozen have been told they weren't quite good enough for Yale Law or johns Hopkins Med., for that job at McKinsey or Goldman, Sachs...
Some may ask, what of merit? Where would society be if McKinsey were to select only among the best consultants, not the very best? And why would anyone bother to work hard anymore? These objections overstate the case. Merit would still be valued; you would need certain qualifications to be considered for a position at all. And once you got the opportunity in question, merit and hard work would still determine your rate of promotion...
...idea's actual educational value is debatable. Kids certainly won't learn basic math and reading skills by surfing the Web. Conducting research on the Internet is, for the most part, tedious and unreliable. A good library is often a better substitute. Cheaper, too. According to an estimate by McKinsey & Co., total costs of the technology (which includes the costs of staffing, training, upgrading and replacing equipment) could range from $14 billion to $47 billion in initial outlays and another $4 billion to $14 billion in annual operating expenses, depending on how extensive the school computer systems are. That money...
Pamela Thomas-Graham '85 is a woman who does it all. Five months pregnant, the McKinsey & Company partner with a joint J.D.-M.B.A. degree from Harvard's Law and Business Schools spoke last evening about her latest opus, a mystery novel set at Harvard...
Despite such horror stories, the pace of bank mergers is likely to accelerate as McColl and his rivals battle for market share. "The next five years will make the past five look tame," says Lenny Mendonca, a senior partner at the McKinsey consulting firm. Mendonca says that the number of large national banks could shrink from about 40 today to as few as six or eight shortly after the turn of the century...