McKinsey & Company

David Kipre

McKinsey & Company is a management consulting firm, founded in 1926 James O. McKinsey. McKinsey is the oldest and largest of the « Big Three » management consultancies (MBB), the world’s three largest strategy consulting firms by revenue. It has consistently been recognized by Vault as the most prestigious consulting firm in the world.

Under the leadership of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey’s Fred Gluck—along with Boston Consulting Group’s Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School’s Michael Porter—transformed corporate culture. A 1975 publication by McKinsey’s John L. Neuman introduced the business practice of « overhead value analysis » that contributed to a downsizing trend that eliminated many jobs in middle management.

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