traditional consulting is uniquely positioned to be gutted by AI from a mckinsey AP: "Regarding AI. My take is impact on MBB will be huge. ChatGPT is quite good at giving fast answers, using a credible logic, can pull in a large knowledge base to find 'best practices' and present all that in a digestible manner. That's essentially what you expect from a consulting team. Once more mature, I think the typical EM+2 team will just become 0.2EM+0.2Asc+ChatGPT, the team basically doing QC, handling clients and doing expert calls. Value add for clients paying $1 million to a consulting will be pretty hard to justify." MBB all have their internal 'chatgpt' - mckinsey's is called Lilly and supposedly it is way worse than off-the-shelf LLM wrappers |
fed jobs are no joke when it comes to selectivity if it is a desirable agency / element within a desireably agency not sure where this whole schtik of 'easy to get a fed job' came about that's def NOT the case |
Fed jobs are so easy to get but low pay. A recent college will get a GS-7 step 1. That’s around 56K/yr in the DMV. Too low for a CS major. |
But in this CS market, it would be a good place to start. I would not advise a CS major to hold out for six figures these days. Many are working in restaurants. |
But the CS fanatics here have been slamming those evil distribution requirements here for years. Good luck on any of the kids knowing how to end a sentence with a period. |
Kids who went into CS because they like it will do fine. The lemming kids will pivot with all the other lemmings, or become inwardly seething incels who occasionally come out of the basement to cause trouble. |
But can AI create those slick powerpoint presentions? |
What about Northwestern Mutual and Epic? |
I think you can tell from DCUM that a lot of CS majors were pushed into the field by their parents and aren’t at a great level. At any given school, the typical CS majors must be one talent level lower than what CS grads from the same schools 10 years. So, the economy is worse, and, on average, the kids are relatively low-talent, bored, boring, entitled, antiwork socialists, with Covid-related deficits in motivation and people skills, with absurd salary expectations and parents with even more absurd expectations. |
Re: the Bain offer. It has not been publicized that Bain is rescinding offers. Post college or post MBA? |
This kind of thinking is why a lot of CS majors are going to be roadkill. The top priority should be avoiding a big gap in the resume. They need to get decent work in a field they like first and worry about salary and benefits later. If they have roommates and live frugally, they should be able to make federally student loan payments on 56k/yr. If they have big PLUS loan bills, why? |
New grads can make it work on $56k/year. My kid makes $65 and saved nearly $12K last year. You just have to get a roommate and avoid living large. Best to avoid a resume gap. |
? you think CS grads are having a harder time than English majors? $56K/yr is low for CS, to be sure, but CS majors still have an easier time finding a job than some other majors, like English majors, unless those English majors have grad degrees. |
And what about other majors? |
Good but the companies are too small. Both NW Mutual and Epic were founded by Wisconsin alumni, but the university can't just keep generating all the jobs for the state. Same thing with law, Foley and Lardner naming partners were Wisconsin alumni. Rather, you need need the large diverse range of industries Michigan has. General Motors and Ford, for example, are huge employers (not generated by Univ of Michigan) who employ thousands of Michigan engineering and Law students. McKinsey and PwC, Ernst and Young, Bain, all have offices in Detroit. None whatsoever in Wisconsin. |