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Image from travelforboomers.com |
A previous post covered
why airline miles and hotel points are so important to many McKinsey consultants. In this post we'll go a bit deeper on the topic and look at the extent to which some current and former consultants will go to earn more of these miles and points.
There's no shortage of stories about McKinsey consultants going to
great lengths to
earn more miles or points. Here are some examples:
Checking in and out of hotels every day
Some
consultants - usually BAs - will
check out of a Starwood property
every
morning and into another Starwood every evening (please see the previous post on
why Starwood and SPG are so popular at McKinsey). They do this to rack
up more stays - SPG makes a distinction between nights and stays and
occasionally run promotions that award one free night (at any Starwood
property!) for every two or three stays. If
stays - not nights - are rewarded, it's in a
participant's best interests to
break up a multiple-night stay into
multiple, single-night stays. But if you check in and out of the same
Starwood property, SPG will link them all together into one,
longer stay. However, that does not happen if you move f
rom one Starwood property to another, even if you're just
moving back and forth between two properties. This is feasible because most larger US cities have more
than one Starwood property, often within walking distance of each
other, but it still means
having to pack up and move every day.
Negotiating with hotels on behalf of the team
Consultants
are usually
lucrative passengers and guests - we book
expensive, fully
refundable airline tickets and bring entire teams (that
spend a lot on
room service and laundry) to hotels for months at a time. Hotels will usually want a consulting team's business and have some latitude in
offering benefits to encourage a McKinsey team to stay at their property. A resourceful, proactive consultant (often a BA but as an EM I would do this to look out for my teams) can call hotels in advance of an engagement and
negotiate benefits - usually in the form of
bonus points - for their teams. The more Starwood properties in a market, the better your
BATNA and negotiating position. This is usually
appreciated by most current and former consultants who are trying to amass hotel points.
Developing "exchange rates" for problems or delays
Just as airlines and hotels want to attract consultants, they also have
incentive to keep consultants happy. When things go wrong,
they're usually willing to give up some - for them, relatively
inexpensive - miles or points to
smooth things over. One McKinsey
colleague had developed a table of "
exchange rates" for common problems
and how many miles or points one should expect to receive as
compensation for specific issues and problems. For example, hotel laundry delivered late might equal
3,000 starwood points. A flight delay due to mechanical failure equals a
certain number of airline miles.
Booking sub-optimal flights and itineraries
It's usually in the best interest for a McKinsey consultant to concentrate their miles with one or two airlines. As a result, consultants might book flights that a) leave at
inconvenient times, b) include
unnecessary connections, c) arrive at an
airport that is not the closest to the destination, or d)
cost more. The Firm has
rules (e.g., not being able to book a flight that costs $X more than the preferred carrier) that limit the extent to which cost can be an issue. The consultant usually bears the cost of the other approaches in the form of
lost sleep or
less free time. Because consultants usually have to be at the client site by a certain time, they have to
leave earlier and/or spend
more time traveling if they want those specific miles. On the way back they have more flexibility, but it also means it will
take longer to get home to friends, family, and sleep.
Driving longer distances and separation from the team
When consultants book
flights to a sub-optimal location, it usually requires a
longer drive to get to their destination - the client site, the team hotel, or home. This also becomes an issue when booking preferred hotels. Even if your destination city has a Starwood property, it might
not be close to the client site. Because teams work long hours at client sites, they often stay at a
nearby hotel, but that
might not be a Starwood property. In both cases, it
takes more time and
isolates the consultant from their team, meaning
less free time and potentially requiring
more work getting caught up while everyone else is staying in touch at the team hotel or on the drive to and from the client site.
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