[txzman]

Even more ridiculous is this:

Can anyone tell me how McKinsey can justify paying this 23 year old $100,000 for her "skills".

I have worked with many of these young comsultants before - they essentially learn from their customers, chew on what they learn and spit it back out in glorigified Powepoint grids and scales.

McKinsey knows EXACTLY what it bought - access to Dad and Mom.

[farmguy]

Not dad, he's yesterday's news (unless the un makes him king of the world).

This looks like the bribing of the junior senator from new york.

[HassanBenSobar]

I knew a woman who started at McKinsey at age 23. She was pretty damn impressive...got her bachelors and MBA from U Penn/Wharton, while holding down an analyst job for a REIT (complete workaholic, this woman). She grew up as an 'army brat' living all over southeast asia-spoke 5 languages fluently. Super smart and personable. She deserved the job, and she did very good work for various clients, from what I saw.

The younger consultants are seldom experts in the industry of the client. That's not what they're brought on for. The partners and senior consultants are experts; the newbies are workhorses like you wouldn't believe. Will Chelsea be held to the same workload/performance standards? I know what your answer is already. It'll be interesting to hear from the mck grapevine what really happens.

As far as justifying the pay...if only you knew how much mck billed for an associate's time...

[Liz]

In her first interview, McKinsey probes Chelsea's qualifications for a $100,000 job:

Question 1: Estimate the number of manhole covers in New York. Divide by the number of Texans convicted of insider trading in 1987. Assess the global economic impact of the removal of the resulting number of manhole covers and their subsequent transfer to emerging markets with significant levels of interest rate volatility. Bonus points for solving Fermat's last theorem.

Question 2: Are you willing to die/trade your grandmother/spend an extended period of time in minimum security prison for McKinsey? (If yes, ignore question 1. Automatic offer.)

Question 3: Is your father a former U.S. President? (If yes, ignore question 1. Automatic offer.)

Question 4: Does at least 90% of your work wardrobe (if female) consist of Blass and Manolos? (If no, please explain.)

Question 5: With how many CEOs of potential client companies does your father play racquetball? (If none, please explain.)

[WildWeasel]

TXZ - You are 100% correct. McKinsey bought access to two very significant players inthe democrat party for a paltry sum of $ 100,000. They get a glorified copygirl to call mom and dad when they want something big.

Kudos to McKinsey for a brilliant move.

[fhayek]

I understand that her best skill is keeping the port sherry from going bad.