356: Former Bain & Company Director Michael Farmer — Differences Between McKinsey, Bain and BCG, Strategy Consulting, Helping Ad Agencies and Their Clients Navigate the Changes in the Media Landscape, Transformation of a Creative Ad Agency (Huge)
The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving
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The Differences Between McKinsey and Bain
McKinsey was a relatively small operation. I worked in their Los Angeles office in 1971, summer of 71. They had to only 20 people. At Bain's policy was, we will only work for clients if they are the chief executive. We should be in it for 10 year relationships. That means that we have to put in a lot of time doing the kind of stuff that makes consultants normally pretty uncomfortable.
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