1.75 FT YOE + internships, want to apply for a Knowledge Analyst role, where an ext job ad says 2-4 YOE vs internal BCG ad says 3-4 YOE.

Waste of time? Can it hurt future exp hire consultant apps?

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Sounds withing the range to me. To be clear, a knowledge analyst is not a consulting role. If you're considering applying for consulting roles then this job probably isn't a great fit given how different it is.

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What firm / equivalent firms are we talking here? A lateral from knowledge is really hard. You'd have to build a strong network, probably be a very top performer for ~2 years and then would be interviewing for entry level role out of undergrad likely (at 4 years into career at this point).

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