Consulting & Finance

[Anonymous]

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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.

Maybe is an actual word like poise?

But really you mean class markers and mannerisms.

Not exactly. You are describing some rich lady out of Jane Austen book.
It’s the ability to contribute to a topic effectively, listens and grasps the concept, and not hording the conversation.

It's the ability to project competence even when their is none. It takes a combination of arrogance and polish for a 22 year old working their first real job to convince a 450 year old who has been in an industry for longer than the consultant has been alive that they are an expert

If the 40 year old cannot form effective relationship with junior talent, their organization will fail.

Are consultants talent now?

If you are so excellent but you won’t take a job on my team, what difference does it make?

Who is your team, buddy? Consulting is all leeches and reputation laundering. All your “tasks” should be done in-house.

I run a nice team with a top PE firm, hired 2 ex-consultants and they deliver after 2 month of light training. No worries, I can’t afford your stubbornness salary anyway.

[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.

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