Interesting times ahead...

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He isn’t entirely wrong but right now that is not what his clients are asking for. They still demand very tight decks and sessions. If he thinks AI is already able to do that, he is deluding himself.

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I still think that firms are going to be hiring far fewer analysts out of UG and perhaps MBA. the trend is here to stay - AI and leveraging offshore teams will drive a decrease in hiring, and I think we’re already seeing it (especially in this era of general economic uncertainty).

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I pretty much disagree 100%. All frontier LLMs have deeper expertise than you’ll ever have. What they can’t do is execute…

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Execute a major enterprise transformation

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I've worked with Dennis, I know where he's coming from. The things that he's talking about are quite relevant for the work he does, but YMMV with different clients.

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Not wrong at all. But by that same rationale, partners are looking at significant reduction in pay.

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Some might think their added value by hour of advisory will just go up to compensate 😂

It’s crazy how one person promotes one “absolute truth” across many professional services and industries, as if client needs don’t vary vastly. These mindsets are amusing.

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He didn’t say it’s specific to strategy, he said “all consulting firms”. The generalization of net impact isn’t correct in my opinion. The trends in seeing are different.

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And how do we as an industry „get“ more experienced people without analysts doing the learning curve?

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Now answer one question: if this guy thinks that hiring juniors now is the wrong move, how does he suggest that consulting firms get experienced people in 5-10 years?

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Just don't need as many.

They'll cut whoever and whomever they can. Experience doesn't matter. People need to get smart on AI and I don't mean taking bullshit AI classes. I mean reading books like "Rise of the Robots: Technology and the Threat of a Jobless Future" and others instead of thinking they have any ability to get ahead of this. We need to slow it down and stop it.

Screws the pyramid and should impact up or out. The question is who adapts first.

That said, partners ate thinking AI can dramatically cut manhours from a project, but it's just not at the scale they think. If all your junior people are doing is research and basic slides, then yes; but then they aren't adding real value now. At least at MBB, the expectation is higher.

He’s saying that genai is a tool that will improve across the board productivity. It seems pretty obvious but if you run around shouting “INNOVATE” to your clients all day, you probably this is apocalyptic.

Deloitte and Accenture in shambles

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Via @NonEquityPartner on Instagram

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