Booz Allen Hamilton: An insider guide - Gymkhana

For Your Referencemakes it better able to assist pharmaceutical companies seeking to bring newproducts to market.Source: Consulting Magazine, July/August 2004.“Why an MBA May Not Be Worth It”The article subhead reads “One reader says he used his MBA to line his Africangray parrot’s birdcage.” The implication follows from there. As an advicecolumnist for Fortune, Anne Fisher says she’s been hearing a lot lately fromdisgruntled MBA-holders who can’t get work. She goes on to outline a scholarlypaper, recently written by two business school professors, that highlights theinefficacy of the modern MBA. The paper says, “There is little evidence thatmastery of the knowledge acquired in business schools enhances people’scareers,” and includes the current glut of MBA degrees in a stagnant market asone of the reasons MBAs aren’t getting jobs. Fisher mentions that “the supercompetitivejob market of the late ’90s led top consulting firms like McKinseyand Booz Allen to hire people who lacked MBAs. Those folks (most of whomhad only undergraduate liberal arts degrees) got, on average, 3 weeks of on-thejobtraining—after which, according to extensive research by the firms themselves,they did their jobs just as well as or even better than their MBA peers.”All of which provides a noteworthy contrast to the article above in whichRalph Shrader suggests that Booz Allen’s current growth could consume all theMBAs graduating from the major schools this year.Source: Anne Fisher, Fortune, 6/14/04.“Half of Consultants Aren’t Happy With Their Jobs”This article discusses the results of a 2003 Consulting Magazine poll, which foundthat “of 5,457 consultants from 50 of the profession’s 75 largest firms, 47%consider their firms’ morale to be no better than neutral.” The difference, thearticle contends, between this and last year’s similar findings, is that as the80