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Theoretically, there's some sort of arbitrage happening. There is some department in the government that's very unsexy and has a very real problem that could b

Theoretically, there's some sort of arbitrage happening. There is some department in the government that's very unsexy and has a very real problem that could be solved by a smart finance MBA student diligently working on it. But there's no way that diligent young employee would want that job. Nor no way if he had it that anyone would take him seriously and put his changes in place. He doesn't want to work for that unsexy department. The people at that unsexy department do not want to work for him. Put a consulting company in the middle and he has a job title that sounds cool and that organization gets their problem solved. ( This is how someone explained business consulting to me. )

reaperman 2y ago
Only place this falls apart is that Accenture / Deloitte are really not sexy. Like being a federal employee at a similar pay scale would actually be more sexy. McKinsey/BCG maybe this makes sense.
- anon84873628 2y ago
  Well, they are a lot more appealing than government jobs at least, and have a very strong system for recruiting and hiring people right out of college.
- projectazorian 2y ago
  Consulting employees make more money and are not subject to the absurd federal hiring process. Plus they can jump between projects more readily.
- raverbashing 2y ago
  You would be surprised at how new grads see these companies, especially those coming from business/accounting degrees, etc It's not too bad
  - franktankbank 2y ago
    It absolutely has been a great jumping off point. My finance brother makes bank now outside of the big 4.
- jasode 2y ago
  >Accenture / Deloitte are really not sexy. [...] McKinsey/BCG maybe this makes sense. Those happen be 2 different types of consulting categories. Accenture/Deloitte are more "professional services" type of consulting. Things like IT technology integrations and business process reengineering with software. So installing a multi-million dollar ERP software package like Oracle Financials or SAP and helping the client company migrate to the new accounting system. Also a lot of "staff augmentation" type of work. E.g. a lot of USA Homeland Security contracts for Accenture were IT services related: https://www.google.com/search?q=%22homeland+security%22+awards+accenture+contract https://www.google.com/search?q=%22homeland+security%22+awar... McKinsey/BCG is "management consulting". E.g. the CEO is considering opening a new international subsidiary but needs some research on various "strategies". So McKinsey consultants taps their vast network of other companies in the industry, creates spreadsheets of scenarios, writes up reports, etc. The "professional services" category may be on a lower tier of prestige than "management consulting" but in general, most college graduates who prioritize career advancement will still prefer the (typically higher salary) job offer from Accenture/Deloitte rather than a government office such Veterans Affairs. Where government jobs often win candidates is the "no travel lifestyle" if it's a local office. Consultants can get quickly burned out by commuting on airplanes every week.
eru 2y ago
The story for private equity is similar. How else do you get some high flying MBA to care about running a plumbing business?
saagarjha 2y ago
Being paid better is quite sexy.

reaperman 2y ago

Only place this falls apart is that Accenture / Deloitte are really not sexy. Like being a federal employee at a similar pay scale would actually be more sexy. McKinsey/BCG maybe this makes sense.

anon84873628 2y ago
Well, they are a lot more appealing than government jobs at least, and have a very strong system for recruiting and hiring people right out of college.
projectazorian 2y ago
Consulting employees make more money and are not subject to the absurd federal hiring process. Plus they can jump between projects more readily.
raverbashing 2y ago
You would be surprised at how new grads see these companies, especially those coming from business/accounting degrees, etc It's not too bad
- franktankbank 2y ago
  It absolutely has been a great jumping off point. My finance brother makes bank now outside of the big 4.
jasode 2y ago
>Accenture / Deloitte are really not sexy. [...] McKinsey/BCG maybe this makes sense. Those happen be 2 different types of consulting categories. Accenture/Deloitte are more "professional services" type of consulting. Things like IT technology integrations and business process reengineering with software. So installing a multi-million dollar ERP software package like Oracle Financials or SAP and helping the client company migrate to the new accounting system. Also a lot of "staff augmentation" type of work. E.g. a lot of USA Homeland Security contracts for Accenture were IT services related: https://www.google.com/search?q=%22homeland+security%22+awards+accenture+contract https://www.google.com/search?q=%22homeland+security%22+awar... McKinsey/BCG is "management consulting". E.g. the CEO is considering opening a new international subsidiary but needs some research on various "strategies". So McKinsey consultants taps their vast network of other companies in the industry, creates spreadsheets of scenarios, writes up reports, etc. The "professional services" category may be on a lower tier of prestige than "management consulting" but in general, most college graduates who prioritize career advancement will still prefer the (typically higher salary) job offer from Accenture/Deloitte rather than a government office such Veterans Affairs. Where government jobs often win candidates is the "no travel lifestyle" if it's a local office. Consultants can get quickly burned out by commuting on airplanes every week.

eru 2y ago

The story for private equity is similar. How else do you get some high flying MBA to care about running a plumbing business?

saagarjha 2y ago

Being paid better is quite sexy.