Why/how did consulting become such a prestigious job for all the college grads?

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It’s a well worn path to breaking into the upper income brackets, and it’s “more prestigious” than going into the trades

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You don’t know what trades means lol pwc

Exit optionality

likesmart

It happened in the 70s and it's because of McKinsey deciding to build a business by collecting smart people in a room. Eventually their success made consulting edge out iBanking for business school grads. This is all over now, consulting is a dead end career.

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I honestly find it kind of crazy that I get paid $400k without any real skills. I just happen to be good at talking to people and explaining how processes work to clients. And I could 2-3x my income by building a “book of business” and delegating more work to junior folks. It can be stressful at times and I occasionally work 50-60 hour weeks, but otherwise I have pretty decent WLB as an MD. Consulting is kind of a cheat code if you know how to navigate it.

likesmart

Higher starting pay, faster promos, and opportunity to work on new clients/projects every few months.

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It’s not

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It is

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Less than it used to be, before the age of tech and PE hawtness

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I think McKinsey made it prestigious. Somewhat exclusive. Known as the CEO factory. Decent pay

I agree that it has lost its luster

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I find they avoid it. They want to go into investment banking or private equity now, even the tech-heads.

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