From WSJ article :- “AI is coming for consultants”
Link - https://www.wsj.com/tech/ai/mckinsey-consulting-firms-ai-strategy-89fbf1be?st=HC12oH&reflink=article_copyURL_share
“Sternfels said he sees a day in the not-too-distant future when McKinsey has one AI agent for every human it employs.”
Who is getting 14 consultants on a strategy project? I was happy to get 3 🥲
Big 4
In reality they’re going to have consultants work twice as hard using AI to try make up for an understaffed projects
Bingo
Chief
Which of y’all are rolling up to a client site with 14 consultants? That’s not a “strategy project”, that’s staff aug 😅
Oh, not all McKinsey but it’s always McKinsey
Chief
I was skeptical of the impact but now I see it coming 💯 in certain industries.
Honestly the article reads like an ad for McKinsey. “Oh yeah the fee is totally worth it we have AI Agents now”
Chief
I've always wondered why clients paid so much for junior resources building massive slide decks that nobody paid much attention to after the presentation meeting.
I've assumed it's just been a packaged deal approach where most of the firms package their high margin college grads with experienced ppl... so clients don't really have a choice.
Pretty sure it was meant to say 1-4 consultants and some editor removed the hyphen…
I’ve never done a strategy case with 14 people 😂
3-5 is the norm.
I am not so sure about "strategy" engagements but when I was in consulting, at EYP there would be teams of between 5 and 10 for strategy but it was also fairly common for these to be predecessors, follow-on, or happen in conjunction with M&A engagements where there would be large teams.
AI will reduce the headcount needed to do research, analyze financial statements, and assemble documentation. This could help streamline commercial due diligence significantly but operational due diligence will generally still require boots on the ground to actually review and document operational processes and organizational structures.
This will inevitably reduce the total headcount needed across the board but I don't see the need for consultants going away in the strategy or M&A space in the near term, but it will significantly change total revenue and the project financial model.
You mean 12 SMEs and 3 project team members right? … Right?
I’ve managed app dev teams that size 😂
also…do you honestly believe there are 1000s of agents that are helpful in day to day 😅
I think they got something wrong here…pure marketing stunt