How are folks viewing the potential impact of AI on MBB consulting? Net positive or negative?

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Positive - companies are going to pay for consultants to tell them how to use AI, they’ll screw it up, companies will pay consultants to try and fix it. Cycle repeats, big market shifts are good for consulting.

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I’m coming from a PE/VC angle. We used to rely heavily on consultants for CDDs and market research. AI can produce impressive market reports now. On the ODD side, I’ve done some crazy things with AI and raw data from companies that makes me question the value of consultants. Same with QOE work. Give me the trial balances/GL detail and an AI tool and I’m good to go. AI can genuinely give me strategic and operational recommendations at this point, and they aren’t bad. Obviously MBB does a lot more, but AI is definitely squeezing the available business for you guys

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@MD1 I agree with you. I think consulting is going to go back to what it used to be. Subject matter experts in unique niches and areas. We don’t need to or want to pay for the juniors who are just glorified Excel and PowerPoint monkeys. Claude is cheaper and more effective for that now. I think we should all still aim to keep some juniors on our teams though. That way, we still invest into the next generation

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It's a bubble we will be here when it pops.

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From what angle? Career growth prospective and security: negative. We’ll shift from qualitative to quantitive reasoning beyond the the DCF or market model. Remember, AI isn’t just LLMs..

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10 yoe with healthcare consulting with Strategy& in APAC, Middle East and Australia on varied health insurance consultations working as a director leading data science teams.

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Alvarez & Marsal How does Alvarez & Marsal compare with MBB, Kearney, Roland Berger, etc. in India?

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