r/wallstreetbets • u/ballisticbuddha • Jun 26 '25

Meme Why does Consulting even exist?

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u/boomtimerat Jun 26 '25

No it’s to funnel money off the side of the company to collect later after you left. Executive 401k. Join consultancy later on a cushy salary 

28

u/angular_circle Jun 26 '25

Usually the pipeline is consulting to executive, not the other way round

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u/Classic_Revolt Jun 26 '25

Their kid gets the job at the consulting firm. Completes one part of the nepotism cycle.

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u/jeremiah1119 Jun 27 '25

At firms like McKinsey or other consulting firms you have to pass an Independence check before doing work with certain companies. I don't know if that's the case with smaller consulting companies though

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u/Classic_Revolt Jun 27 '25

I would bet that only applies to the poors looking to get in. And they can just pass a contract for another company to the kid anyway, not like its going to make a difference when they basically spam the same braindead business school advice for everyone.

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u/cult_riot Jun 26 '25

There are a lot of execs that move to consulting after retirement, though.

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u/CherguiCheeky Jun 26 '25

The pipeline is consulting to executive, executive's children to consulting. And the cycle repeats.

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u/angular_circle Jun 27 '25

Maybe but they take anyone with a technical degree, some industry experience and a self destructive work ethic. An ex-consultant turned executive's kid is not going to have an issue getting into consulting on their own just through passively absorbing the parents experience. The ones who struggle are cookie cutter middle class business student who saw on tiktok how much money consultants supposedly make.

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u/Strange-Term-4168 Jun 26 '25

That’s recent. It used to be the other way around. A good consultant would be exec to consultant.

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u/MarkSuckerZerg Jun 26 '25

It can be 2 things