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I'm not an expert but I've worked for about a year in one of the biggest consulting firms (it was not a big4) and I left not because it was very demanding, but because it was very "boring". Basically just a bunch of presentations representing future and ideal states. Coming from an industry related background, I've felt the contrary that you'te talked about (lack of impact and busy timelines to deliver stuff that was filled with wayyy to much useless info). Not to mention that if you do anything it needs to be checked by our superior, then by his/her superior, again, again and again. Then the big boss manager presents it to the costumer and you do the changes that they've requested.

"working on projects of highest priority and impact" - yeah sure Slow pace and not constantly "busy" - the usual trick for juniors. fast pace and bullshit work like "organizing office event" <> fulfillment Corporate politics not present in consulting - double lol

Same long hour/work alcoholic/ toxic culture bought to other companies from these consultancies

Hilariously made 😂

ChatGPT is changing a lot in consulting 😂

Love the click-baity title :)) “harsh” reality of poor consultants from top school making tons of money, being still in top 5-10% of society by income and living standards - this soooooo harsh guys - hope you will survive it 😅

We must be working in the same companies, I can fully relate, esp. to the slow pace and the many freeloaders 😂 But when it comes to the Big4, wages there are surprisingly low (unless you are a partner) and the exit to corporate gets you a significant increase. That is why people join the Big4, it is about increasing your own market value

I feel like this video mainly describes strategy consultants. When you look at Big 4 consultants (as well as similar companies such as Accenture), leaving consulting here typically leads to a pay rise or equivalent pay (but with much better working hours). Still a good video but I think you have overstated the benefits of consulting in this scenario. I work in consulting and I know plenty of people who have taken the consulting mindset of “getting things done” to their corporates and have seen huge increases in pay and progression without the internal consulting office politics of needing a Partner to back you for a promotion

I have no idea what you guys are saying but this voice is hella sexy

I exited CPA firm into private equity and then exited private equity to corporate. I can tell you guys it's completely true. CPA firm and private equities are kinda like consulting, whereas now pretty much all I do in corporate is play politics...

Really nice that the IT support is an Asian guy and the office assistants women in skirts.

Insightful !! What would be some best books to read for becoming a consultant ? I am a hvac engineer in Aec construction industry

These are all very minor sacrifices in order to not have to work 80 hour weeks.

Hey you're right in all of this, just saying: As a former MBB consultant, you are ready for it! I mean after a couple of years in MBB, you have got to know and worked with maybe >20 different companies, so you have reached mastership in navigating corporate environments and politics 🙂 Hence, you know what to expect and can handle it 😉

The cover letter part 😂

I feel it paints an unfair picture of the impact you have in a corporate Vs for example strategy consulting. For example, working as a project engineer, you are the one (in a team of course) who are actually designing and creating new things, as well as following up the works if anything changes. Whether this is designing new software, hardware, generators or a wind farm... As a strategy consultant, yes you can come up with a big plan together with a C-level person, but they still have to implement it and odds are that, due to the politics in a company, not all the measures are implemented and the plan you've created for a few months looses all of it's impact because of half measures. Strategy consulting is often a lot of buzz-words put forward by people who don't understand the actual business they're talking about. Without any corporations, strategy consulting becomes meaningless, whereas without strategy consulting, some companies might indeed run less efficient or some might even go bankrupt, but they are the ones actually creating stuff in our society. This of course only counts for strategy consulting, engineering consultancy for example is super useful, as indeed sometimes corporations don't have the correct manpower for very fast, last minute calculations and designs, because the support is not always there. But you mostly show strategy consulting companies in your video, that's why this analysis is not totally fair.

i noticed that a lot of consulting is just political cover for the c suite, to provide a veneer of legitimacy for the direction or course of action. that's why display is more important than substance.

Commercial consulting is a scam

I think as a client of consultants, my belief that we (clients) pay way too much money for the advice. They, especially MBB, are definitely not worth the cost.

DAMN I knew Consultants had stressful work but this is some Crazy shit!!!!

Consulting is a form of insult in corporate setting.

Could you folks please cover unconventional consulting exits, for instance consulting to nonprofits/social sector work?

Fun to have movie scenes reflection 😉

What about the vice versa, from corporate into consultant.

Great video!

I'm a Tier 2 Consultant at a Procurement consulting firm. There was slight uncertainty in business with no line of sight. But in Q1 2024, the firm grew 10-12% and the future growth looks promising

Imagine how much more productive our economies wud be if all the talent sucked up by these industries were actually producing something? Engineers, scientists, software developers etc. Here’s the answer CEO who is incompetent and “consults” his way out of it. Make 10-15% of your workforce redundant. That’s for free and the answer they will give you without the £300k fee.

Just call a consult.

The crisis is that people think that these businesses do anything useful.

Not for all. Deloitte is recruiting strong

Do you see a possibility of companies hiring from other companies from around the globe at a cheaper cost, high quality resources? especially from smaller firms??

“I’ve never seen a management consulting report that didn’t recommend more management consulting” - Charlie Munger

How to start in the consulting space

Hi, great video as always. Can you make a video about partners' day to day routine & tasks. thanks in advance

Covid didn’t curtail Mc Kinsey growth in France. On the contrary. They made millions as guns hired by the French gouvernement to define the restriction policies. The nudge technic worked pretty well, thank you. So it’s always a question of perspective

People continue to pay for consltants to tell the time on their watches. Suckers.

If they’re so great why don’t start their own businesses. They are leeches.

they're just replacing people with AI.

Ex-Big 4 here. Things were pretty dire when I left a month ago. Most of the seniors worth their salt jumped ship back to industry long before I did. All the expertise in different tech and software we worked so hard to acquire were lost because tech-focused people always got shafted when it came to promotion, and left in frustration. There were more managers and above than junior consultants and analysts in my offering when I left. Glad I managed to get out eventually.

consultants are useless

There are a lot of consultants who work from home and play video games all day. Only work when they they have to but makes big bucks and behaves like ass holes.

CONSULTING WILL GO BUST IT GROW BASED ON HYPE NOW COMPANIES WILL DOWNSIZE

Consulting is BS industry 😂😂😂😂😂😂😂😂

Can anyone share a consulting toolkit, their entire template and workflow? Seems they are best able to tie up all the expert knowledge and experience and then present them well

Former MBB here. Consulting will never go broke as incompetent management and bullshit presentations made by freshly graduated experts will always be in fashion 😂

As the old saying goes : Consultants borrow your watch to tell you the time. You could have done it yourself but you want the consultants to legitimize firing your buddy or to take the fall when things go south. A capable leader would have no use for consultants

LMAO McKinsey need consultation 😂😂

Great video. Super accurate and realistic.

Yeah “no ownership of anything ” is so true, so why are they paid so much ..?!

it never made sense to me that I have to pay hundreds of dollars per hour for a consultant with very little real-world and hands-on experience to tell me how I should do things.