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What are some common misconceptions about working in consulting?

What are some common misconceptions about working in consulting?- Grapevine

Consulting is often glorified, but it's common to see consultants who spout random facts, offer rationalizations, and underdeliver significantly. The job involves sucking up to seniors and pretending to know things you don't. Admitting ignorance is frowned upon, leading to a culture of covering up. It's a masterclass in office politics, but the notion that consultants add economic value is questionable. Many just take a cut from company profits while demanding overwork and underpaying employees.

Would an entrepreneur, who has built a profitable business from scratch and spent years in the industry, really need the insights, forecasts, and estimates from an MBA, CA, or Engineer who only signals confidence without substance? Consultants, emboldened by business school theories, often believe they add real value. Yet, investors don’t rely much on CA audit reports, and reputable policymakers often disregard consultant insights.

In our fast-changing world, capitalism won't let consultants exploit companies forever. Companies should hire people with more skin in the game, not consultants with little accountability for results.


[PS: I'm still a consultant, & ready to suck up to my seniors for career growth]

Consulting - Scam 2024

Product Manager

What is the biggest misconception about working at a Big 4 firm?

Welcome to Software Engineers's Private Community

Hello Folks,

I'm currently working at Google, and I'd decided to soon quit for getting an MBA (expecting admits to IIM-A/B/C) to break into consulting, specifically MBB or even Product Management.

Honestly, I'm interested in it for industry exposure, the chance to climb the ladder quickly, and, let's be real, the fat paychecks. 

But then I did a lot of research and, dang, it's all doom and gloom. Is the work-life balance in consulting really that bad?
 
I'm starting to question my plans. Anyone out there got some real-world experience to share and some genuine insights?

Reddit, do your magic!

Consulting: Is the Grass really Greener?

Project Manager

Welcome to Office Gossip's Private Community

I joined Accenture two years ago, attracted by its reputation and brand value, particularly after being accustomed to a highly people-centric work environment at my previous company. Unfortunately, especially after the 2023 downsizing announcement, my experience has gone downhill. This message serves as a cautionary tale for mid-level professionals considering joining Accenture. Here's why:

1. *Lack of Peer Support:* Forget collaboration! Instead, you'll encounter individuals solely focused on protecting their own projects, making newcomers feel unwelcome and hindering efficient knowledge transfer. Simple tasks can become frustratingly complex, extending the learning curve from a reasonable 2-3 months to a staggering 8-10 months just to navigate the internal dynamics.

2. *Zero Leadership Support:* Inspirational leadership? Don't expect it. The prevailing "hustle culture" translates to rudeness and unprofessional behavior instead of empathy and understanding. You're essentially on your own.

3. *Favoritism Over Performance:* Leadership seems more interested in flattery than actual results. Seniority and "brown-nosing" appear to be the keys to advancement, not performance. Do minimal work but excel at buttering up your manager, and you're golden!

Remember, this is just one perspective based on my experience at two large organizations. However, it highlights the significant impact leaders can have on shaping company culture.

Warning Signal: My Experience at Accenture

Consultant

Welcome to Business Roles's Private Community

Hey guys, I've been working in top tier consulting firm for a year and I'm just bored of making decks. What exit opportunities exist for me?

Exits after consulting?

What are the most rewarding aspects of a career in consulting?

Software Engineer

Is asking for help looked down upon?
Help is this case would be something you know the client/other firm working alongside would know but instead you are made to work on it all over again.

Consulting culture

Business Analyst

Welcome to Product Managers's Private Community

Hi, is there a possibility to get into senior consulting roles @ MBB while having 4YOE as a B2C PM(total 5YOE, no MBA)?

Also what's the salary like for such positions in MBB?

PM -> Consultant?

What are the best strategies for breaking into the consulting industry?

I am very fascinated by Management Consulting and been speaking with ex consultants. All of them are critical of it, but agree the money is good 🤤

Need advice 

- Do these companies take lateral hires? I have seen only IIM candidates freshly graduated being taken in
I'm not IIM, but MBA with 6 years of work ex

- MBB have shittiest WLB and highest money. Which comes down as per tier. Which is the best tier to get into, so I have best of both worlds (less shitty WLB with lesser money)

Getting into Management Consulting

Welcome to Indian Startups's Private Community

Context
1. Shantanu, Bombay Shaving Company founder has been very vocal on LinkedIn about this.
2. Morning context article today on Ashish Mohapatra, OfBusiness cofounder and their bad HR practices

Does it stem from some kind of superiority complex Mc Kinsey consultants have?

Why are McKinsey founders so tough to work with?

Program Manager

AMA- 15 yrs exp across consulting, VC & Growth stage company. Now a founder

Founder

Yesterday I completed 10 years of career in consulting. Started with a Big 4 and then moved to another consulting giant Accenture Strategy 2 years ago. In this tenure ,I have met a lot of talented people, worked with some of the smartest ones and travelled the world like anything.  Now looking for the next 10 years of better work life balance :P .

Lookback

Do only alphas (jerks) excel in management consulting?

Best of the cultures are being degraded by consultants whose expertise is in 'mental masturbation', 'structuring thoughts' or 'defining problem statements' or using ABC frameworks.

There is no bias for action, absolutely zero team management skills and have a zero sense of products. The only goal is to match numbers X%,Y% just that -> no body cares about what users feel, are we building something meaningful, whats the insight -> none.

Worst feeling when you have a boss who is an ex-MBB consultant of 7 years.

Consultants-Worst employees in a growth startup

Q for the fresh consult joinees, ideally Co22 or 23  about what inside the firms looks like right now. Are you working, how are the projects, toxicity/anxiety?

Fresh MBA grads in Consulting. Hows it looking?

Hi Guys,
I  am working as a software developer in Oracle( btech from old IIT) . Its been 2 years and I now want to switch to management consulting (preferable in MBB) to experience it so want to give MBA.

1. I did some research but I want to gain some information on the salary aspect of it. I heard that the salaries are not that high they would probably be in the same range that I am getting now. BUT, I want to know in the long run do consultants get more hikes compared to tech roles? 

2. I heard the wlb is pretty bad so is there some resource that I can study to know if thats the right suit for me since its a big risk I’ll be taking moving on to a different field. There are some good exit opportunities also I believe after MBB can someone tell more about it.

Would really appreciate some answers on this. Its on my head for a long time. Cheers!

MBB roles salaries in long run/ worth taking risk

Software Developer

Share some jobs or function names which are highly overvalued and overpayed?

Mine. I am a DevOps engineer at a fintech startup, I write server configurations for 45L/y and I work about 10 - 20 hours a week, remotely. I keep thinking they’ve figured out how easy my job is and decided to fire me and then instead they tell me I’m doing a great job and promote me 🤌🏻

What are some common misconceptions about working in consulting?

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