Reply to Are Internship Opportunities Drying Up for College Students?

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[quote=Anonymous][quote=Anonymous]the big consulting firms (think MBB and "big 4") are hiring about 1/4 of what they hired 2 years ago, and that trend is not likely to change any time soon.[/quote]

And that may be because they produced slick synthesis instead of value-added original work.  I'm currently on the client-side (manufacturing industry).  It costs a fortune to generate the primary data these firms get paid to synthesize.  Now it is easier to DIY analyze (either inside the client or as a consultant).  That doesn't even mean the analysis is good.  It just looks fancier.  Both on the client side and the consulting side.

I don't believe AI is reducing the need for entry-level workers uniformly.  It might, however, be good at creating metaphorical snake oil bottles.

There is also likely a contagion effect.  Employers hear that other firms expect to need fewer workers due to AI and they are afraid to be the dumb ones who hire.

Meanwhile, there is not a lot of evidence of cash-providing productivity savings.

https://www.wheresyoured.at/

.[/quote]

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