Published: Jan 27, 2016
I'll admit that my eyebrows went up when I received an email from a colleague this week with the headline "McKinsey Back in Prison." First, a moment of self-doubt: was there a scandal I'd missed? An appeal hearing related to the Galleon Group affair?
Nope: everything is on the level.
As it turns out, the firm has been contracted to fulfill one of the more esoteric consulting assignments I've heard about recently: fixing the problem with violence among inmates at New York's Riker's Island correctional facility.
According to an article in Crain's New York, the world's most prestigious firm has already been working on the issue since 2014, at the behest of the de Blasio administration. But having earned some $1.7 million for that contract, the Department of Corrections seems to have significantly upped McKinsey's mandate, signing off on a $7.5 million engagement.
I can't decide which is the more fascinating aspect of this one: getting a glimpse into the range of projects that McKinsey actually works on (the firm is notorious for guarding its clients' identities), or wondering how they go about assembling a project team for it—it's hard to imagine Harvard offering prison violence 101 as an elective on the MBA class list.
What other unusual consulting assignments have you had or heard of? Let us know in the comments below.
I'm delighted to announce that the Vault's 2016 European Consulting Rankings are now live!
Marking our final set of consulting rankings for the year—we released North America and Asia-Pacific in August and September respectively –it's wonderful to be able to report that all three rankings were based on significantly higher survey responses than in previous years, from a higher number of participating firms than ever before.
Landing a job in the consulting industry generally means that you're going to have to sit through any number of case interviews. The following tips are excerpted from Vault's recently-updated Guide to the Case Interview, which features many more practical tips, as well as real-life interview examples from the likes of BCG, McKinsey, A.T.
It's that time of year again: Vault's 2016 Consulting rankings for Asia-Pacific are here!
As with our North America rankings, I'm delighted to point out that both the number of firms and the overall number of consultants participating in our survey in the Asia-Pacific region increased significantly from year to year.
I'm delighted to announce the release of the 2016 Vault Best Consulting Firms to Work For rankings for North America-the most comprehensive ranking of employers in the consulting industry that you can find anywhere.
As hefty a claim as that might be, it's one that we can back with facts: this year, we distributed our survey to more firms than ever before (over 160 worldwide), and received a record number of responses (over 14,000 worldwide, with more than 9,000 from North America), resulting in a higher number of qualifying firms than ever before.
In today's fast-paced world where efficiency is key, automation has become the new reality. From robots to artificial intelligence, workplace automation is shaking up industries worldwide, leaving no job untouched and causing significant disruption on a global scale.