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Marvin Bower

Marvin Bower

Born 1903 · Age 122

American lawyer, business theorist and management consultant who shaped McKinsey & Company and is widely regarded as the father of modern management consulting.

Total Events
36
Career Span
111 years
Peak Net Worth
$5,000,000

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Life & Career Timeline

1903Age 0

Born in Cincinnati, Ohio

Born August 1, 1903. Son of the deputy recorder at Cuyahoga County; grew up in Collinwood neighborhood of Cleveland.

8/1/1903Source
Confidence
99%
1921Age 18

Attended / graduated Glenville High School (Cleveland)

Grew up in Collinwood, Cleveland, and attended Glenville High School (approximate high-school graduation year based on birth year).

1/1/1921Source
Confidence
40%
1925Age 22

Graduated Brown University (BA)

Earned a bachelor's degree in Economics and Psychology from Brown University.

1/1/1925Source
Confidence
95%
1928Age 25

Graduated Harvard Law School (JD)

Completed legal training at Harvard Law School; followed father's advice to study law.

1/1/1928Source
Confidence
95%
1930Age 27

Graduated Harvard Business School (MBA)

Attended Harvard Business School after law degree; graduated in 1930.

1/1/1930Source
Confidence
95%
1930Age 27

Joined Jones, Day, Reavis & Pogue (associate)

Worked as an associate at the Cleveland law firm Jones, Day, Reavis & Pogue following completion of studies.

1/1/1930Net Worth: $2,000Source
Confidence
85%
1933Age 30

Hired by James O. McKinsey to manage NY branch

James O. McKinsey hired Bower into the new Chicago firm to manage a newly acquired New York branch.

1/1/1933Net Worth: $5,000Source
Confidence
95%
1937Age 34

Death of James O. McKinsey; offices split

Following James O. McKinsey's death the Chicago and New York offices split, creating a critical junction which Bower later resolved by rebuilding the New York firm.

1/1/1937Net Worth: $8,000Source
Confidence
95%
1939Age 36

Resurrected and (re)founded McKinsey & Company in New York

Bower, with New York partners, resurrected the New York firm as McKinsey & Company and committed to building it into a professional consulting firm.

1/1/1939Net Worth: $12,000Source
Confidence
94%
1939Age 36

Bought struggling McKinsey & Co with partners

Together with senior New York partners (including two over 60) he acquired the struggling firm and committed to building a preeminent consulting institution.

1/1/1939Net Worth: $15,000Source
Confidence
85%
1939Age 36

Built foundation for modern consulting profession

Starting in 1939, Bower's institutional view and ethics-based approach laid the groundwork for the modern management consulting profession, influencing the creation of firms like BCG and Bain (legacy milestone).

1/1/1939Net Worth: $15,000Source
Confidence
90%
1939Age 36

Committed to local offices / national presence (policy)

Bower insisted on multiple local offices (a national firm) to serve clients and to prevent consultant burnout; this policy guided McKinsey's expansion strategy.

1/1/1939Net Worth: $15,000Source
Confidence
80%
1945Age 42

Led McKinsey’s post‑WWII growth

Credited with building McKinsey from a small engineering and accounting firm into a leader in management consulting after WWII; played key role in rise of the profession.

1/1/1945Net Worth: $40,000Source
Confidence
90%
1946Age 43

Introduced firmwide professional standards & '19 rules'

Instituted a set of professional standards, codes of conduct and the well-known set of 19 behavioral rules for McKinsey consultants (ethics, client-first, dress, cost-saving). Approximate timing during early post-war growth.

1/1/1946Net Worth: $45,000Source
Confidence
60%
1947Age 44

Pioneered hiring of fresh MBAs into consulting

Bower was an early leader in hiring newly graduated MBAs into the firm, changing the talent pipeline for consulting (notable loyalty to Harvard MBAs).

1/1/1947Net Worth: $50,000Source
Confidence
60%
1950Age 47

Appointed Managing Director of McKinsey & Company

Bower began serving as McKinsey's Managing Director, leading firm strategy and international expansion.

1/1/1950Net Worth: $120,000Source
Confidence
95%
1955Age 52

Reinforced 'one‑firm' philosophy and client‑first policy

During his MD years Bower formalized the one‑firm philosophy, client‑first approach, refusal to advertise, and discipline to avoid selling services beyond independent consulting.

1/1/1955Net Worth: $250,000Source
Confidence
80%
1955Age 52

Refused to commercialize internal software (Kidder Peabody anecdote)

Famous anecdote: Bower declined a one‑off offer (Kidder Peabody) to buy a McKinsey computer model, illustrating his insistence on independence and not selling firm products; year approximate.

1/1/1955Net Worth: $260,000Source
Confidence
35%
1958Age 55

Enforced client‑impact threshold (partner dismissal anecdote)

Anecdote: Bower once dismissed a partner in Chicago for working on engagements that did not meet the 'major problem' threshold, reflecting his discipline on client selection; approximate timing.

1/1/1958Net Worth: $300,000Source
Confidence
35%
1960Age 57

Published internal 'Perspective on McKinsey' (internal thought leadership)

Authored and circulated firm internal guidance and perspectives (date approximated to c.1960s) to shape McKinsey's culture and methodology.

1/1/1960Net Worth: $900,000Source
Confidence
40%
1963Age 60

Declined to pursue public listing / large personal windfall

When other service firms were going public, Bower refused to transform McKinsey into a business to enrich partners; selling his shares back at book value illustrates the restraint that limited large personal windfalls.

1/1/1963Net Worth: $1,000,000Source
Confidence
70%
1963Age 60

Sold his McKinsey shares back at book value

On turning 60 Bower sold his ownership shares back to the firm at book value (an unusual, selfless act that forewent potentially far higher market value), surprising family and colleagues.

8/1/1963Net Worth: $1,000,000Source
Confidence
70%
1966Age 63

Published 'The Will to Manage' (McGraw‑Hill, 1966)

Published The Will to Manage: Corporate Success Through Programmed Management (McGraw‑Hill).

1/1/1966Net Worth: $1,100,000Source
Confidence
95%
1967Age 64

Ended tenure as Managing Director

Concluded service as McKinsey's Managing Director (served in that role 1950–1967) but remained influential in leadership and as partner/director.

1/1/1967Net Worth: $1,200,000Source
Confidence
95%
1970Age 67

Firm acknowledged as leader in management consulting (legacy growth)

By the 1970s Bower's institutional standards and model had firmly established McKinsey as a global leader; he is widely credited for helping create the modern consulting profession.

1/1/1970Net Worth: $2,000,000Source
Confidence
85%
1980Age 77

Continued role as Director and Partner

Remained an active leadership figure at McKinsey as a director and partner through the 1980s; continued to shape ethics and recruiting philosophy.

1/1/1980Net Worth: $3,000,000Source
Confidence
80%
1992Age 89

Stepped down as partner/director (ended formal leadership role)

Remained a leadership figure and partner until 1992, when he ceased formal director/partner responsibilities (approximate end of active partnership).

1/1/1992Net Worth: $3,500,000Source
Confidence
95%
1992Age 89

End of formal partnership; continued influence as elder statesman

Although his formal director/partner roles ended in 1992, Bower remained a moral and cultural reference point for McKinsey's values and professional standards.

1/1/1992Net Worth: $3,500,000Source
Confidence
80%
1997Age 94

Published 'The Will to Lead' (Harvard Business School Press)

Published The Will to Lead: Running a Business With a Network of Leaders (Harvard Business School Press, 1997).

1/1/1997Net Worth: $3,600,000Source
Confidence
95%
1999Age 96

Named by BusinessWeek among top 20th‑century businesspeople (protested)

BusinessWeek included him among top businesspeople of the 20th century; Bower protested being called a businessman, saying he was a professional. (year estimated, confidence low)

1/1/1999Net Worth: $3,700,000Source
Confidence
40%
2001Age 98

Quoted as counsel to younger consultants ('Ideas are not enough')

Late‑life quotation reflecting Bower's practical, institution-building ethos: 'Ideas are not enough. They do not last. Something practical must be done with them.' (cited 2001).

1/1/2001Net Worth: $3,800,000Source
Confidence
50%
2001Age 98

Quotations and public remarks (late career)

Still quoted and referenced late in life (e.g., 'Ideas are not enough...Something practical must be done with them' quoted in 2001); continued to influence McKinsey culture and alumni.

1/1/2001Net Worth: $3,800,000Source
Confidence
50%
2003Age 99

Harvard Business School recognition (biography / commendation)

Harvard Business School and other institutions have described Bower as the 'father of modern management consulting' and archived biographical appreciations (posthumous and during late life recognition).

1/1/2003Net Worth: $5,000,000Source
Confidence
70%
2003Age 99

Died in Delray Beach, Florida

Marvin Bower died January 22, 2003 at age 99 in Delray Beach, Florida.

1/22/2003Net Worth: $5,000,000Source
Confidence
98%
2006Age 103

Biography published: 'McKinsey’s Marvin Bower' by Elizabeth Edersheim (further reading)

Elizabeth Edersheim's authoritative biography on Marvin Bower was published (further reading references crediting Bower's legacy). Included here as posthumous milestone referencing Bower's life and impact.

1/1/2006Net Worth: $5,000,000Source
Confidence
60%
2014Age 111

Referenced in 'The Firm' by Duff McDonald

Bower's role and legacy discussed in later analyses and books on McKinsey, including Duff McDonald's 'The Firm' (2014) that cites Bower's principles and decisions.

1/1/2014Net Worth: $5,000,000Source
Confidence
60%

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