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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I did MBB consulting just out of college / over 10 years ago. Often, leaders at companies don’t have the capacity to think about their business strategically because they spend so much time putting out fires. Consultants have the time to step back, think about the problem, iterate on solutions with the client, and then present those ideas. Cases I worked on as an analyst: post merger integration, cost savings during Great Recession, profit pools, pricing strategy that I can remember.

People say the insights that consultants offer are always obvious. Sometimes true, but sometimes not. You’d be shocked that the average Joe Schmoe senior manager has never learned about the business. And trust me, we were never eager to suggest layoffs. I only saw them come up once, and as a last resort to help a dying business.

As far as the young analysts - when you buy a teams time, you really are paying for the partners, who are industry experts and have done the work for 30+ years. The junior folks are there to collect and crunch the data to prove out the working hypothesis. They need to be polished bc they are in front of clients all the time.

These are hard jobs to get, teach you a ton, and pay incredibly well. My time at MBB was invaluable to my current role (executive at nonprofit with an operating budget of a few hundred million.) I genuinely think it’s the best first job you can have. [/quote]
I am not a consultant but have worked with a number of them in the past at my work place. I think the PP explains very well what it is. My experience has been very useful and in many companies it is hard to find leadership that will think strategically and be able to take the tough decisions. That's where the consultants matter and provide value.[/quote]

Thanks! [/quote]

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