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Reply to "What is “consulting” in the business world"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They are spreadsheet monkeys typically crunching numbers in excel so mid-level managers and VPs can manipulate data in order for senior level principals to create expert reports and testify that huge corporations that knowingly polluted water sources, inflated consumer pharmaceutical costs by 900% for end users, or ripped off a small entrepreneur’s patents win lawsuits brought against them. It is largely soulless, mind boggling tedious and boring work. You’ll work for geeky PhD economists who exact revenge from their school day bullying on anyone of a lower rank, and scumbag clients who don’t care how many people have died due to their vehicles’ defective airbags so long as you can determine through leaked patient records that there were other underlying conditions (asthma, eczema) that lead to their death other than fiery car crashes). You’ll get paid decently (salary, no OT though 25 to 30% of your hours will be strict OT) but you’ll work nights. You’ll work weekends. You’ll work during the hour between your mom’s funeral and the wake. You’ll work on your wedding day and during 30% of your honeymoon. Ask me how I know.[/quote] Agree while not out of the question, not likely. Consulting firms are mostly looking forward. What can we do now that we can't pollute the water? Past stuff like this goes to law firms -- what water? Pay at top consulting firms is quite good out of college 100k. There is no OT but bonus. [/quote] Most consulting firms are hired directly by law firms representing clients, most often on the defense side, and in many many cases the underlying clients’ wrongdoing is expected by the law firm to be covered up and explained away through any means possible of data manipulation. Its how the world works so no major surprise. I work for a top 10 economic consulting firm and completely agree with the “spreadsheet monkey” PP response. The money is very good though. [/quote] The type of consulting we are talking about are not people hired by law firms. You are thinking of litigation consulting firms -- FTI, Charles River. This thread has been business consulting firms McKinsey, Bain. Not the same firms; not the same work.[/quote]
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