Consulting & Finance

[Anonymous]

https://www.thedp.com/article/2023/09/penn-careers-consulting-finance-wharton-college-post-graduate-outcomes

Statistically more than 50% of U Penn undergrads go to finance and consulting because these companies recruit early in senior year.

If it is really all just brainless work then why they go after top students with high entry salary when they can pay less and get it done by less talented but still capable college grads?

[Anonymous]

Why bother paying $100K to U Penn grad when you can get Penn State guys for $60K?

[Anonymous]

Anonymous wrote:Why bother paying $100K to U Penn grad when you can get Penn State guys for $60K?

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why bother paying $100K to U Penn grad when you can get Penn State guys for $60K?

+1

Ugh. You seriously get what you pay for. How is that even a question.

[Anonymous]

It’s work that still requires a level of intellect, synthesis, analysis, and efficiency. Penn State grads don’t have that processing speed. They just don’t.

[Anonymous]

Anonymous wrote:
https://www.thedp.com/article/2023/09/penn-careers-consulting-finance-wharton-college-post-graduate-outcomes

Statistically more than 50% of U Penn undergrads go to finance and consulting because these companies recruit early in senior year.

If it is really all just brainless work then why they go after top students with high entry salary when they can pay less and get it done by less talented but still capable college grads?

Ivy grad here. It’s about pedigree for when you sell your consulting services. It’s basically marketing: our consultants are Ivy grad and will come in and whiz bang your spreadsheets way better than some Penn State farm boy.

There is nothing special about the work that requires the ‘best’ other than stoking client executive egos. Penn State grads do actual work, it just PowerPoint slides.

[Anonymous]

Anonymous wrote:It’s work that still requires a level of intellect, synthesis, analysis, and efficiency. Penn State grads don’t have that processing speed. They just don’t.

This is exquisite satire, bravo.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It’s work that still requires a level of intellect, synthesis, analysis, and efficiency. Penn State grads don’t have that processing speed. They just don’t.

This is exquisite satire, bravo.

Thanks! I’m here all night!

[Anonymous]

Anonymous wrote:

Anonymous wrote:
https://www.thedp.com/article/2023/09/penn-careers-consulting-finance-wharton-college-post-graduate-outcomes

Statistically more than 50% of U Penn undergrads go to finance and consulting because these companies recruit early in senior year.

If it is really all just brainless work then why they go after top students with high entry salary when they can pay less and get it done by less talented but still capable college grads?

Ivy grad here. It’s about pedigree for when you sell your consulting services. It’s basically marketing: our consultants are Ivy grad and will come in and whiz bang your spreadsheets way better than some Penn State farm boy.

There is nothing special about the work that requires the ‘best’ other than stoking client executive egos. Penn State grads do actual work, it just PowerPoint slides.

+1

Who do you think is doing it at Deloitte or Accenture federal?

[Anonymous]

It's just optics. I was an ivy academic. I have taught a lot of these students, they're not that brilliant. Not dumb obviously, but for the most part, a product of their environment.

In the private sector, true brain power is in more concentrated in R&D.

[Anonymous]

Anonymous wrote:
https://www.thedp.com/article/2023/09/penn-careers-consulting-finance-wharton-college-post-graduate-outcomes

Statistically more than 50% of U Penn undergrads go to finance and consulting because these companies recruit early in senior year.

If it is really all just brainless work then why they go after top students with high entry salary when they can pay less and get it done by less talented but still capable college grads?

What’s your question?

Why hire and pay for top students who want to work at your organization and do client work for top clients? Then in 2-4 years leave for a client?

Your school, transcript, internships, club or sports accomplishments, test scores are all proxy for one’s work ethic, intelligence, maturity, discipline, and focus.

Working at McKinsey will never be like working at a charity firm as a social worker.

[Anonymous]

Anonymous wrote:It's just optics. I was an ivy academic. I have taught a lot of these students, they're not that brilliant. Not dumb obviously, but for the most part, a product of their environment.

In the private sector, true brain power is in more concentrated in R&D.

Didn’t understand. Where have you worked in the private sector and for how long?

[Anonymous]

Anonymous wrote:

Anonymous wrote:
https://www.thedp.com/article/2023/09/penn-careers-consulting-finance-wharton-college-post-graduate-outcomes

Statistically more than 50% of U Penn undergrads go to finance and consulting because these companies recruit early in senior year.

If it is really all just brainless work then why they go after top students with high entry salary when they can pay less and get it done by less talented but still capable college grads?

What’s your question?

People are always saying that new consultants add no value and do menial work so why consulting companies waste their money on luring top students in when they can hire anyone and pay less for that work?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
https://www.thedp.com/article/2023/09/penn-careers-consulting-finance-wharton-college-post-graduate-outcomes

Statistically more than 50% of U Penn undergrads go to finance and consulting because these companies recruit early in senior year.

If it is really all just brainless work then why they go after top students with high entry salary when they can pay less and get it done by less talented but still capable college grads?

What’s your question?

People are always saying that new consultants add no value and do menial work so why consulting companies waste their money on luring top students in when they can hire anyone and pay less for that work?

Because if your consulting firm is staffed with Duke, Cornell, and Harvard kids, I'll give them a minute of my time. (ie I'll give them billable work)... I figure they have to be somewhat intelligent and may have something of merit to contribute to a discussion. If your consulting firm is staffed with kids from Temple, Penn State and DePaul, they aren't getting on my calendar for the next 5 months. ie you're not going to win any clients with lackluster pedigrees. And yes, all of this is optics. It's just how it works.

[Anonymous]

Anonymous wrote:Why bother paying $100K to U Penn grad when you can get Penn State guys for $60K?

The difference is in polish-ness.