Word: mckinseys
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...Dempsey and Ashraf Hanna are both physics Ph.Ds from Harvard now doing management consulting for McKinsey & Co. Dempsey, who works in San Fransisco, had considered a business career while studying physics. "I knew of all the limitations associated with a physics career. I kept my eyes open and did the Ph.D to fulfill a personal goal," says empsey. "I knew the reasoning would come in useful...
...precisely these type of thinking skills that companies such as McKinsey are actively pursuing, recruiting not only MBAs but Ph.Ds in technical categories, of which physics recruits are the most numerous. Hanna says that whether it's evaluating a plane's trajectory when flyingfrom Boston to L.A. or analyzing a stock, thethought process is the same...
...monitored by computer wizards using abstruse mathematical formulas that even their bosses at major trading houses do not really understand. "None of us really knows what the implications are, because nothing like this has ever happened before," concedes financial- market analyst Lowell Bryan, a partner in the consulting firm McKinsey & Co. Concurs a senior partner in a financial firm that is heavily invested in the derivatives market: "Whenever we get a new product and it's working and hasn't been tested, Wall Street won't ever try it for just $5 billion or $10 billion...
...government is preparing a spending package designed to kick-start the economy out of its lethargy, though many doubt it will rev up all that easily. Says Kenichi Ohmae, managing director of the Tokyo office of McKinsey & Co. and the author of several best-selling business books: "This is the first time we have experienced an asset-based recession. Nobody knows how deep...
Their favorite meeting spots were the Charles Hotel in Cambridge and the offices of the McKinsey Corp. in New York City. As pressure from reporters increased near the end of the search, committee members were more creative, holding meetings at a number of opulent hotels including the Ritz Carlton in Boston, the Stanhope in New York and finally the Waldorf-Astoria...