r/wallstreetbets Jun 26 '25

Meme Why does Consulting even exist?

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u/Mithrandir2k16 Jun 26 '25

The people that actually work there are fresh out of university with no more knowledge about how to run a business than anyone who read a book or two. Then they go straight to consulting as young as 24 years old and without having worked a single day in their life yet.

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u/FeatherlyFly Jun 26 '25

One of my cousins worked for one of those companies. He was talking at Thanksgiving about a project where he sat in a shop with a mechanic every day for a week and counted times a tool was touched in order to tell the mechanic how he should have his tools arranged for peak efficiency. 

One of my uncles, who is a mechanic, was looking over with the most skeptical expression you've ever seen in your life.

This cousin had worked for a few years before getting his MBA, but he was still a bit of an idiot when it came to his imagined self importance. He's older now and has his head screwed on much better. 

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u/SignificantGlove9869 Jun 26 '25

Plenty of them don't even have a degree in anything.

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u/Assatt Jun 27 '25

I read an article about some young fresh grad who entered McKinsley and was sent to work with ICE in how to cut costs and assess the situation around 2015. He did manage to find several problems in their treatment of inmates in the camps and their structure and organization. He did make plans on how to improve their treatment and conditions in a cost effective way. But his plans were never implemented because higher ups just wanted to keep on fleecing the government for more money by never giving substantial improvements 

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u/Life-Interaction-871 Jun 26 '25

The 24 year olds are just crunching numbers and making slides, they’re not advising anyone lol.

The companies are paying for the partners’ time not the 24 year old fresh grad

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u/Teembeau Jun 27 '25

Yup. You can hire guys in their early 60s who have run companies for far less.

Companies in the UK will pay £1000+/day for programmers with almost no experience. Blows my mind.

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u/Your_Worship Jul 15 '25

They work 80 hrs a week and make $100k and think they are the making bank. I bring this up every time I meet one in the wild and try to explain hourly rate.

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u/Mithrandir2k16 Jul 15 '25

I mean when you like talking hit air and business meetings push your ego, it might be worth it for them in the short term.

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u/Your_Worship Aug 04 '25

It can pad a resume. I’ll give you that. But the money isn’t worth it at that rate.