←back to thread

Have McKinsey and its consulting rivals got too big?

(www.economist.com)
167 points godelmachine | 5 comments | 19 Oct 24 14:46 UTC | HN request time: 1.002s | source
Show context
mschuster91 ◴[19 Oct 24 16:00 UTC] No.41888573[source]▶
Of course they got too big, and especially they got too enmeshed with the auditing business.

It's time to break them all up. The "firewall" that should be there from a legal perspective is a joke in practice, and when there are only three to four companies, there is no place for fresh blood and with it fresh ideas to enter the market.

replies(4): >>41888605 #>>41888643 #>>41888656 #>>41888725 #
1. jncfhnb ◴[19 Oct 24 16:05 UTC] No.41888605[source]▶
McKinsey isn’t in the auditing business at all. And those that do play both went the other way, transitioning from auditing into consulting.

There’s a ton of competition in consulting in general.

replies(1): >>41888734 #
2. metadat ◴[19 Oct 24 16:22 UTC] No.41888734[source]▶
This is false, the Big 4 are all in the auditing business, in addition to high-end management consulting.
replies(2): >>41888809 #>>41889018 #
3. SargeDebian ◴[19 Oct 24 16:34 UTC] No.41888809[source]▶
What part of the statement is false?
4. jncfhnb ◴[19 Oct 24 17:09 UTC] No.41889018[source]▶
McKinsey is not a part of the Big 4. The Big 4 refers to the big four auditing firms.
replies(1): >>41890302 #
5. metadat ◴[19 Oct 24 19:58 UTC] No.41890302{3}[source]▶
Thanks for the correction.