Item — HN Reader

Makes sense.

McK's back office practice has really grown over the past decade with (imo) little to show for it. Their whole QuantumBlack offering is utter bullshit, and they had a couple other back office boondoggles.

Also, doesn't help that companies don't hire Management Consultants as much anymore AND implementation firms like Accenture, WITCH, Deloitte, and EY have climbed up the value chain to offer bundled Management Consulting and Implementation, which McK only really started offering like 5-6 years ago.

On the other hand, f** Partners, having too make do with $700k instead of $1.4m:

"Under a plan dubbed Project Magnolia, the management team is hoping the move will help preserve the compensation pool for its partners, the people said, asking not to be identified discussing non-public information."

Seems like you work in the industry. What do you think about BCG with their Gamma side? How do they compete with as a package?

I don't work in the space anymore, but I work in an adjacent sector so I still interact with EMs and Partners.

BCG Gamma is similar to QuantumBlack, but BCG's Lighthouse is much more comparable to QuantumBlack.

That said, in general BCG hasn't seen the same level of scope creep as McK has. BCG has also had a strong Life Sciences, VC, and Tech Due Dilligence practice because of VCs origins in Boston (YC was originally in Boston for example).

That said, I do think BCG and Bain will also do some back office culling now that McK has opened the door.