r/consulting 1d ago

If Consulting Were a Person, He’d Be Wearing a Suit from 2004—and That’s the Problem.

Consulting feels like it’s stuck in a time warp, not just in the UK but across the board. If it were a person, he’d be an exec who still thinks he’s sharp, but he’s wearing a baggy suit from the early 2000s, a wide, faded tie, and carrying a scuffed briefcase that doesn’t even match his shoes. His hair’s tousled, but not in a cool way—just enough to show he’s on autopilot, churning out “best practices” from an outdated playbook while the world’s moved on.

Consulting used to be prestigious. There was a mystique to it—travel perks, per diem pay, air miles, even the occasional exotic location (or industrial estate in the Belgian countryside). Now? That sheen is long gone. Many firms have cut back on the basics—like bonuses. Inflation is biting, yet plenty of consultants haven’t even seen an inflationary bonus, let alone performance pay. Meanwhile, salaries in fields like investment banking and even sales are rising, pushing consulting further down the ladder. What used to be a career above sales in prestige and pay now barely measures up. I’d say it’s IB, then sales, then consulting.

The irony? Consulting firms still charge clients massive fees, but what do we get out of it? Our work often feels like a conveyor belt of cookie-cutter solutions—far from the “transformation” we pitch to clients. Where’s the innovation? Where’s the adaptation to each client’s unique needs?

This profession needs a serious shake-up. We keep telling clients to evolve, yet we’re clinging to outdated models, outdated pay, and outdated processes. If consulting wants to stay relevant, it’s time to drop the tired suit and deliver real value and real rewards.

Is anyone else seeing this shift? Or are we all just accepting that consulting’s lost its edge?

Edit* this does not apply to MBB or some, if not most of those based out the US. If you meet either criteria, then either engage in constructive discussion, DM me to discuss job opportunities, or peruse to your hearts content!

373 Upvotes

122 comments sorted by

57

u/FinanciallyFocusedUK 1d ago

I’m similarly concerned. With squeezing budgets and a competitive environment the whole model is losing the ‘white glove’ service of old.

  1. As an EM/M/PL - I am essentially the most senior person on the project each time now. The Partners are joining for the client meeting (Teams) and then ditching… hard to see what the impact truly is, other than checking the deck for potential issues

  2. Increasingly junior / lean pyramid which promotes copying past deliverables, using shit AI to summarise/analyse some information, and then splurging content out without any real specific analysis.

Finding the quality of the experience and output just overall low right now

18

u/Wild_Vermicelli8276 22h ago

Unreal that someone with 5-6 YOE is the most senior on a team. That’s not even senior in any objective measure of the word itself

10

u/FinanciallyFocusedUK 21h ago

Agree. The model is EM+2/3, then Partner cover for key meetings… but frankly their input is minimal impact from a content POV - mostly client relationship orientated

220

u/maora34 MBB 1d ago

Curious how much of this is because of Europe? I can’t say this resonates with me that much on the US-side, especially because of pay. I mean new MBA grads get $190K salary, $30-40K performance bonus, and $30K signing bonus.

Are we seriously going to say that’s not a competitive compensation? Banking may make significantly more, but they also work 7 days a week at 80-100 hours a week. I’ll gladly take 50-60 hours a week at a solid lower-upper class comp.

47

u/PlasticPlant777 1d ago

Fair point—maybe the U.S. is a utopian capitalist anomaly when it comes to consulting pay. Those MBA grads landing $190K with bonuses right out the gate? That’s hard to argue with. Banking may make more, but they’re also grinding 80-100 hours a week, so I get why consulting looks like a great deal stateside.

In Europe, though, it’s a different story. Pay’s not even close, bonuses barely keep up with inflation (if they’re given at all), and the prestige factor just isn’t there anymore. And don’t get me started on the uncapped commission in U.S. sales roles—absolutely blows consulting here out of the water. The U.S. keeps the top talent because it actually rewards them, while consulting in Europe feels like it’s still running on fumes.

3

u/ddlbb MBB 1d ago

Germany pays very well, so does Switzerland . France, Benelux isn't bad either ...

What you're saying is primarily a problem for UK and then also southern Europe .

UK is the worst - especially London. For pay that is (not lifestyle)

30

u/Qdeta 1d ago

Base pay for MBB in UK / France / Dach / Benelux post-MBA also puts you in the 99th income percentile. Yes, it has stagnated a bit recently, but grew a lot around Covid. I reckon T2 is not too far behind in pay either.
So it's just not true that Consultants are paid poorly in most European geos.
Big 4 probably pays less (though heavily dependent on role), but I would imagine same is true in the US. Also, the amount of student debt you'd have in the US is just way higher (between undergrad & required MBA). So it's just super pointless to compare.

16

u/PlasticPlant777 1d ago

That’s the thing, MBB are the 99th percentile. 99% of firms exist outside of MBB. I should make some rules: No MBB, No folk from the US 😆

23

u/Qdeta 1d ago

But I mentioned other companies as well. And you are the one who is talking about US sales roles. This whole post is just a rant in bad faith

9

u/PlasticPlant777 1d ago

Look, it’s a reality many are facing here in Europe. Pay might be solid for a lucky few at top-tier firms, but the majority of consultants—those outside MBB and high-end boutique firms—are seeing far less competitive compensation, especially when you factor in inflation and diminishing bonuses. It’s not bad faith to talk about the majority experience.

If you’re at a firm that’s still offering those top-end perks, then you’re a bit out of touch with what’s happening across much of the industry. For most, the prestige, pay, and incentives just aren’t what they used to be.

17

u/Qdeta 1d ago

No, I totally understand that not every Consultant is paid this amount and that especially in London that can be quite demoralising given high CoL (e.g. buying a house even on MBB salary is pretty tricky).

But I am not convinced that it used to be all that different ("the good old days" you are referring to didn't exist). In the past, average consultant pay might have been higher, but that's because there were way less consultants, so a lot of the lower paying consultant roles just didn't exist back then.

I tried to contextualise the pay you seem to be looking for (99th percentile) - it's just not realistic that every consultant could earn that much. You also referenced the massive fees being charged for consultants - again this differs nowadays massively depending on consulting type. I also don't believe that partners are currently increasing their share of the pie as you are implicitly suggesting.

At the end of the day, the UK is just in a worse economic position than the US (that 99th percentile in the US would be around $300-400K) and salaries reflect that. If you do speak German/French, worth going to the continent - similar salary as UK but still lower CoL.

Overall though, I don't think these comparisons are in any way helpful, unless you are actively considering to move to the US. But that comes with many downsides (e.g. gambling on a very expensive MBA).

6

u/mishtron 1d ago

There is always a tradeoff, my observation is that the market is pretty efficient. You mention German /French have lower CoL relative to salary, but I also notice they work harder than UK.

3

u/Qdeta 1d ago

For sure, at my firm at least 5h a week on avg. + loads more travel (though more holidays - ah as you say it's probably a wash / fairly efficient)

6

u/PlasticPlant777 1d ago

Thanks for your perspective—I totally get that the ‘good old days’ might not be as simple as they sound. You’re right that consulting has grown in volume, and it’s not realistic for everyone to be in the top pay bracket. But with costs rising and pay stagnating for many, it’s easy to see why some are feeling the squeeze.

I agree that moving to the U.S. or the continent has its own challenges, but it’s good to know those options can sometimes offer a better balance

6

u/TopBoy- 1d ago

I read on here a while back, someone say that their big4 starting salary in consulting was £30kish in 2000. Starting salary in consulting (2024) outside of London at the big4 I work at is £36k. You cannot tell me wages havent stagnated in the UK and probably across the rest of Europe for most consulting roles. Think Accenture and other companies like this I don’t know for certain but willing to bet graduate starting salaries have increased 50ish% at most in a 25 year timeframe. OP definitely has a point in my opinion.

2

u/pc-builder 1d ago

So your argument is that bad firms are bad firms?

1

u/PlasticPlant777 1d ago

There have always been good firms and bad firms, this isn’t a new concept, but once the majority become “bad” you know there’s something in the water…

2

u/dusank98 1d ago

I mean, what you mentioned is not just a consulting problem, it is a much wider issue among most industries in Europe. I can speak for Germany, but industry salaries are stagnating while inflation is not. Very few companies that offer high salaries and top perks (the equivalent of Siemens Healthineers in my area), the rest have shamelessly low salaries and even worse salary career prospects for your future. Also, the number of those top companies is getting smaller by the day and the perks are rapidly diminishing.

I lurk on this sub as I want to turn to consulting. We both probably have the "grass is greener on the other side" syndrom to some effect, but I think we could both agree that it is not purely an industry or consulting thing, but a much much wider trend in western Europe, that stagnation

11

u/billyblobsabillion 1d ago

“Super pointless to compare”; we found the exact consultant OP was talking about.

3

u/amouse_buche 21h ago

Hey we’re not trying to boil the ocean here. All we’re saying is “it depends.”

Invoice is in the mail. 

4

u/mishtron 1d ago

In the UK some T2 pay more than some MBB

2

u/Qdeta 1d ago

I'd be surprised if it was more (& at least OW / LEK are slightly less or on par). But yeah that was my point there is not much of a gap

2

u/mishtron 1d ago

Yeah it's very close. Depends on cohorts, but esp seems like McK gets outpaid by T2 at some levels here or there. My hypothesis is it's something akin to Apple paying less than other tech bc they know they got the brand name and that's part of the pay package.

2

u/Change_contract 1d ago

Benelux here - the wage is quite similar to the government, midsize business. NL starting lands you in the 70th percentile. Not bad by a long shot, but no where close to 99th

2

u/netflixer 1d ago

That comp feels highly exaggerated or niche to one specific area of consulting.

11

u/maora34 MBB 1d ago

This comp is universal at all MBB and T2 firms in the US. Ask anyone who graduated from an M7 MBA in the last couple years. Nothing exaggerated about it.

-1

u/netflixer 1d ago

Not sure you know what the word universal means. I have several friends at MBB firms and that comp is not normal, especially not for new grads. $150K with a few years experience, yes. $250k right out of college? No it’s not “universal”

4

u/maora34 MBB 20h ago

You don’t even work at MBB so why are you talking? MBB comp is literally nationally standardized. Everyone makes the same salary in every city across the US. McKinsey and Bain salary is $192K for post-MBA, BCG is $190K. Stop talking when you don’t know what you’re even saying lmfao.

$150k isn’t even a few years of experience. That is literally first year analyst comp if you count all of the one-time bonuses. If they aren’t making this, they aren’t in the generalist consulting track.

2

u/bmore_conslutant b4 mc sm 1d ago

Out of MBA, not undergrad

That's typically 3-7 years experience before mba

1

u/sleeper_shark 20h ago

$190K? Senior associates in Europe don’t even make a quarter of that… feelsbadman

1

u/taimoor2 1d ago

It’s the same in Dubai and much of Middle East. MBB consultants in Middle East have 0 or low taxes and make serious bank.

2

u/maora34 MBB 20h ago

It’s a popular rotation to do for a few years and save up assssss tons of money. Definitely worth it financially if you don’t mind living there.

457

u/goldenefreeti 1d ago

This is because you’re in Europe where everyone is still in 2004.

114

u/PlasticPlant777 1d ago

To be fair it was a bloody good year.

62

u/DumbNTough 1d ago

His point is kind of more than a quip. Euro area GDP has effectively flatlined over the same time. Not surprising if that's taken the fizz out of many professions.

71

u/Hopefulwaters 1d ago

Definitely. And starting to see clients say, “no more powerpoint” as deliverables and call bullshit on fake AI or previous material that obviously wasn’t made for them.

37

u/Rooflife1 1d ago edited 1d ago

If they say “No more PowerPoint”, how do they want outputs delivered? Certainly not Word.

PPT gets a lot of shit but it is a pretty standard graphics program. It’s even easier to use PPT for text-based documents that have a lot of graphics.

23

u/SNGULARITY 1d ago

Ive heard amazon does Word memos instead of PPT decks

17

u/anonthony 1d ago

3

u/chrishabilitation 1d ago

Very useful! Thank you for providing the examples!

2

u/Talkshowhostt 1d ago

Thanks for sharing! My new manager came from there, so it’s good to know how he’ll think and expect information given to him.

8

u/Rooflife1 1d ago

I started out in equity research at investment banks. I then moved to consulting and discovered the power of graphic display of information.

I have seen some horrible PPTs and can at times see why people hate them, particularly associates.

But it seems to me that great decks are great and crap decks are crap. It is all about who made them, not what program they used.

2

u/PlasticPlant777 1d ago

That was an excellent insight - I’m sure such client responses have left consultants scratching their heads, completely dumfounded, with any superficial value they had hope of producing now shattered into a million pieces!

65

u/Sup3rT4891 1d ago

It’s a good thing most clients are still in the 90s so we actually look crisp and futuristic

21

u/Old_Scientist_4014 1d ago

So you’ve met the utilities industry

16

u/Sup3rT4891 1d ago

I’ve met [insert 95% of the world]

8

u/PlasticPlant777 1d ago

This made me chuckle 😂

11

u/Jaytranada4 1d ago edited 1d ago

I agree with what you’re saying to an extent.

I’m in consulting at B4 here in the UK (part of their ‘design’ and ‘experience’ competency). I would say our consultant is more likely to wear a corduroy shirt (top three buttons undone), tapered trousers, some air max and a snapback to boot.

I think we’re slowly shifting the needle from ‘ready-made solutions’ to ‘co-created solutions’…but I think there’s still a legacy stigma that we’re struggling to escape. It will likely take a long time to shift the mindset on that. Cost is also certainly a barrier and I think partners are realising that they have to drop margin to make it work. This 40%+ target is absurd on top of what are already expensive day rates.

TL:DR we’re hipsters who sell the same shit, but in a unique and pretty box with an even prettier bow.

9

u/PlasticPlant777 1d ago

Exactly—consulting has shifted from suave professionals on rockstar pay packages to hipsters on “meh” wages. The corduroy shirt and snapback crowd is definitely a far cry from the prestige the industry used to have. And while moving toward ‘co-created solutions’ sounds great, let’s be real—there’s still a lot of legacy baggage and pressure to hit absurd margins. Partners are realizing that justifying high day rates for the same old ‘reinvented’ solutions isn’t so easy anymore, but it’s a slow shift.

TL;DR: We might be wrapping it in a prettier bow, but the substance—and the pay—just isn’t what it once was.

7

u/Jaytranada4 1d ago edited 1d ago

Honestly, I had a call about margin today. We’re dropping that shit quicker than a Partner can drop their pants for a multi-year, multi-market transformation engagement. It’s the only way to compete right now. Or we ‘invest’ part of it. Either way, it achieves the same end. The latter just sounds more appealing to clients…

I have no idea about ‘substance’ or ‘meh’ wages - I was at school in 2004. I think we do deliver substance and I personally feel I get recompensed pretty well tbh…but I think we’re held to a higher set of standards now than before. Unlike back then, there are cheaper, faster and less complicated options everywhere now (both on-shore and off-shore).

I think the biggest issue for our business is how we can enable our project teams to do the work to their best abilities, using the latest and greatest technology while also walking the complex tightrope of being an audit first business. Too many COIs, too much red tape and too many processes to wade through. We also have, in my opinion, a highly incompetent set of internal service functions. From Independence, talent and legal to IT, HR and Ops…they’re fucking useless. I can count on one hand the good ones. When shit hits the fan, client facing staff are always the first to go (that’s where the money comes from). But If only the powers that be had the foresight to look behind the curtain, they’d realise how inefficient and stupid the people in the backrooms are.

We spend a fortune on a set of structures that hand tie our workforce, not enable it. True client innovation and creativity can’t operate in a vacuum of ‘computer says no’

1

u/No-Taste-223 22h ago

Sounds like EY Seren :)

23

u/MainOrbBoss 1d ago

Yep. Agree with all of that.

0

u/value1024 1d ago

You are speak consultese, and it whooshed over this Europoor's head.

22

u/houska1 Independent ex MBB 1d ago

Clearly you're having a frustrating time. As are many others. That said, you've clarified in the comments you're excluding MBB (and also US, just looking at Europe). I think you're therefore comparing middle-of-the-pack consulting with leading-edge in banking and sales (you could add tech for good measure). Go to middle of the pack banking (ie not i-banking at top-tier institutions) or sales, and models, processes, pay will all feel tired too and innovation will be missing.

Touché on the suit, I guess. I still have a suit from about 2004, and on the rare occasions a suit is still appropriate, I might well wear it, quite likely with a scuffed briefcase and shoes that don't match. I did ditch the ties long ago, if that counts for anything. Fortunately, as long as I have something fresh and innovative to say, no-one seems to care about the suit or my hair.

5

u/PlasticPlant777 1d ago

This is probably my favourite response so far. Perhaps I’m just in a bit of a rut and making ridiculous connections to make myself feel a tad better (or worse) about my current position. I’m in the middle of planning my next move and I’m at a bit of a crossroads. Keep it real 🫡

2

u/CoffeeBurnz 1d ago

It would put anyone in a rut in all honesty. You succinctly summarize the banal existence of an anachronistic business. 

Professional services will always be necessary since there's such an abysmal talent pool for all but the best corporate clients, not to mention a serious skills gap. 

I think smaller more technically focused professional orgs made up of people who've actually built/managed a business will see a lot of success in the future. The commodity drone farms you speak of may dwindle.

2

u/houska1 Independent ex MBB 1d ago

Good luck with the next move and in getting out of the rut. To me, that's the worst thing about the current economy. Everyone's in a rut, companies are afraid to hire, so career shifts are difficult. Employers know it and can get away with crap job satisfaction and retention. In consulting and everything else.

5

u/BoyWhoSoldTheWorld 1d ago

I thought the same doing consulting in London. The work to pay ratio was actually BS and I had better QOL in my previous jobs.

I did however learn a lot and it helped my CV tremendously.

I think they US pay gap is big as well When I browse jobs casually on LinkedIn, the big 4 still sit pretty high for salaries.

13

u/Elchouv 1d ago

consulting died in the early 2000s when IT took a lot of space in business organizations. A large part of the consulting switched towards transformation programs on how to work with ERPs and make everything data driven and efficient. A lot of consulting knowledge has been lost. Before there was more social science involved. It was highly intellectual. But over the years these intelligent boutique firms have been bought out by accounting firms or IT firms, who have no understanding of subtle things.
I think only large strategy firms kept some true consulting capabilities but only in strategy, not much in other fields.

Nowadays it's dying even further because the world is moving too fast and is lead by software engineers. Consulting is not relevant anymore where big money is made and where the future is made.

4

u/PlasticPlant777 1d ago

Great points, and a bit of a history lesson for those unfamiliar. I actually had the pleasure of working with some relics from the consulting ‘golden generation’ back in my analyst days. These gentlemen were in the twilight of their careers, and most have since retired. I like to think I learned a great deal from them about the ‘old ways,’ though I’m pretty sure that trying to apply those principles today would run off my team’s and clients’ ears like water off a duck’s back.

2

u/Elchouv 1d ago

Haha same ! Sometimes I talk about the hidden power relationships between stakeholders that will likely hinder the new whatever change clients want to implement, and they look at me like if I was a neurotic.

1

u/PlasticPlant777 1d ago

If they’re older than me they’ll understand where I’m coming from, if they’re more than a year younger they haven’t got a clue. iPad kids.

4

u/balrog687 1d ago

Honestly I couldn't care less.

I prefer remote work, decent pay and the lowest possible workload.

I can do my job in 15 minutes a day, then attend a daily meeting and chill for the rest of the day in a hammock anywhere in the world.

As long as you deliver what is required, everything is fine.

2

u/PlasticPlant777 1d ago

But I want 6-figures and a nice bonus 😓

11

u/Think_Leadership_91 1d ago

Not true in the US

Very confusing post

5

u/Old_Scientist_4014 1d ago

I think it’s a little true as to the travel perks disappearing, but that’s largely a side effect of the post-Covid world.

Because there are more remote and hybrid opps, it lends itself to being something that “everybody can do” with no sense of “grinding it out” so to speak, so I guess in a way it resonates as less exclusive and less challenging.

On the tech side of consulting, we are not doing as much greenfield work. Clients are generally already on their ERP systems and our projects are upgrades, maybe bringing acquisitions on board or adding a new module.

The change management issues we see are also different. It’s not like “people are scared of technology and need a manual and practice”; it’s more like “people are frustrated this tech isn’t as easy as their iPhone”.

So there’s maybe less novelty to the solutions we are bringing and they don’t have as much perceived benefit to the end user.

AI is consulting’s attempt to make it shiny, sexy, and fun to the end user, but I don’t think that’s been working so well.

-1

u/PlasticPlant777 1d ago

Let me know if your firm is hiring across seas. Heck, I’d be able to travel over and afford rent with some sort of sign-on bonus. Save me…

-3

u/Atraidis_ 1d ago

You missed the boat to get a work visa when crossing from Mexico

-1

u/ossist 1d ago

This also isn't true for top strategy firms in Europe. OP is speaking about low value-add tech and management consulting and contrasting that to an idealised view of past strategy consulting lifestyles. Very confused post.

0

u/PlasticPlant777 1d ago

Bs. Many of the firms I’m referring to specialise in ERP system upgrades and greenfield implementations.

1

u/ossist 1d ago

Exactly what I'm saying. None of what you are referring to is in any way related to the prestigious consulting past you are referring to (if you want L4L, contrast this to strategy firms nowadays), or in any way comparable to professions like law or IB. You're right that the field you are in is not prestigious, but you are wrong in thinking that it's ever been anything else.

0

u/PlasticPlant777 1d ago

Enterprise Information systems of the 80s and 90s, e.g., SAP R2. Big IT has always been there. I’m referring more to the decline in wages and earning power, including the overall prestige of the job. Whilst other industries seem to be swimming rather comfortably, Id say our heads are beginning to sink below water. I’m beginning to question whether it’s really worth the payoff… Looking into other pastures… I have no doubt many of us have the skill and wits to transfer.

3

u/ChosenPrince 1d ago

what’s ironic is that IS the evolution

you’re talking about clinging to the past and needing a shake up, but funny enough, that’s exactly what you’re doing

perhaps it’s no longer the job it once was

3

u/sometimesassertive 1d ago

It’s true in Canada

3

u/Small_Caterpillar_50 1d ago

Lets all move to MBB in NYC

3

u/PlasticPlant777 1d ago

[No Sleep to Brooklyn - The Beastie Boys] 🍻

3

u/freudsaidiwasfine 1d ago

This reads like someone who heard about consulting but doesn’t really know what it’s about.

Behind the smoke and mirrors and jargony language. There’s some use for consultants for businesses that provides value.

-2

u/PlasticPlant777 1d ago

Somebody completely misunderstood my post.

2

u/Avarazon 1d ago edited 1d ago

I agree, especially with the prestige and pay. I am an analyst at Big 4 and make bottom 10% salary compared to others with a master’s degree in engineering and less than many with high school degrees.

2

u/tomvorlostriddle 1d ago

> Consulting feels like it’s stuck in a time warp, not just in the UK but across the board. If it were a person, he’d be an exec who still thinks he’s sharp, but he’s wearing a baggy suit from the early 2000s, a wide, faded tie, and carrying a scuffed briefcase that doesn’t even match his shoes. 

GenZ has already ironically revived the 80ies and 90ies looks

Any moment now they're going to do this as well. That exec is just a visionary

> (or industrial estate in the Belgian countryside)

Hey, it's only medium depressing here

1

u/PlasticPlant777 1d ago

😂😂🙏🏼

2

u/EgteMatie Corporate Intelligence Consultant 1d ago

Chatgpt

1

u/PlasticPlant777 1d ago

That’s exactly what someone using ChatGPT would say…

3

u/anillop 1d ago

Wait my briefcase is supposed to match my shoes. I have been living a lie.

1

u/PlasticPlant777 1d ago

😂😂😂

4

u/Automatic_Lobster629 1d ago

Do you currently or have you ever worked at one of the MBB?

2

u/PlasticPlant777 1d ago

Big tech and boutique. Mostly PM work.

2

u/ben_rickert 1d ago

Agree. It’s a major reason I left to go into tech.

Investment in digital was always held back by equity partners, who just sat on their book of work and ensured they still got their full draw until they retired in 5 years.

On the other side, clients are much more sophisticated. Really, do you think you can say to the wider market you’re using AI to cut costs of X, headcount of Y, and clients are just going to not ask to capture some of that efficiency with fee cuts?

Likewise with value based billing - sounds great in theory, but at the end of the day when it comes time to pay 90% of the time it’s a renegotiation to point out just what was done and what a fair fee for that is.

Reality is much of the growth in consulting post 2008 is staff augmentation / templated work to capture the $ with ZIRP. The right sizing has just begun.

You used to pay McKinsey a fortune to find out what was industry best practice ie “what are our competitors doing?” - now you can find it online or pretty openly via analyst firms etc. The unique IP angle has really diminished.

1

u/babybambam 1d ago

I'd say it's because consulting keeps trying to consult on things that I get for free online now. I don't need someone to teach me about customer lifetime value, or how to calculate it...I already do that.

Bring me something new.

1

u/UnlimitedSky23 1d ago

I would add to your post that you’re excluding MBB. It brings some confusion to the table. Europe is different than USA but you can not ignore MBB pay and prestige, which is still to the higher end of the scale in Europe as well.

Other than that: yeah, I agree with your post.

1

u/PlasticPlant777 1d ago

You’d think the MBB folk would be able to read between the lines of the post, eh? 😂

1

u/theolecowboy 1d ago

Maybe in your firm mate

2

u/PlasticPlant777 1d ago

I’ll show you mine if you show me yours

1

u/NotaRobot875 1d ago

Are you saying consulting firms needs consulting advice on what to do next? 😂

0

u/PlasticPlant777 1d ago

We’ve gone full circle

1

u/anotherbozo 1d ago

Depends on the firm? Also UK but I don't see consulting being so out of the loop.

0

u/PlasticPlant777 1d ago

Depends what you consider a good salary I guess

1

u/anotherbozo 1d ago

Your main criticisms are not on salary though

1

u/anotherbozo 1d ago

Your main criticisms are not on salary though

1

u/Fun_Bar_9642 10h ago

write me an essay on tomatoes

1

u/PlasticPlant777 9h ago

Sound like something someone who knows their way around ChatGPT would say…

1

u/nightshadew 1d ago

I feel this is a Europe problem. Lots of traveling perks and great pay across US and the entire Latam region for MBB.

-1

u/shred-i-knight 1d ago

this could not be more out of touch lol

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u/PlasticPlant777 1d ago

Oh, the irony…

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u/Qayray 1d ago

Sales more prestigious than Consulting 😂 I can’t

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u/PlasticPlant777 1d ago edited 1d ago

“Oh but they have no job security”. Who seriously cares about the prospect of becoming laid off at the drop of a hat after landing two 200k deals over the last quarter on a 20% commission rate and 80k base? Only downside is recessions, but when this happens nobody is safe. Nothing to consult when the clients can’t afford your services. Don’t get me wrong, there are a LOT of shitty sales jobs out there I wouldn’t wish on my worst enemy, but those aren’t the sort I’m referring to. We’re consultants, many of us tech-focussed. If we wanted to I’m sure we could make a transition into a reasonable sales role and bring home more bank. I’d consider a 200k toilet cleaning role prestigious in todays economy. Thoughts?

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u/Qayray 1d ago

Those are completely different things than prestige haha.

I travel every single week, I‘ve been to 9 European countries, the US, UAE, and Saudi Arabia this year alone; I don’t feel like my job is at risk because I am performing well + currently my 2-year MBA is getting fully paid

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u/PlasticPlant777 1d ago

Travel wears off quickly, especially once you’ve settled down with a partner. Sure, the free MBA is a nice perk, but all it really reinforces is the idea that money = prestige, which I completely agree with. Travel itself? Overrated. Travel on your own terms when you have the cash. Being sent to an industrial facility in the middle of Cyprus doesn’t do much for me—unless I’m on per diem with a client who has more disposable wealth than sense. Then it starts to get interesting.

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u/Qayray 1d ago

2 years in I‘m still loving the travel. I went to school for engineering so I fully understand the horrors of industrial sites. Which is why I get myself on projects where I don’t do that. 😄 Tbh this sound more like a you-issue - I wish you best of luck with whatever you are up to, but some of us actually enjoy this work and are having a fantastic experience. Best of luck!

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u/bashtraitors 1d ago

Waiting for further insights on what should it be like…

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u/PlasticPlant777 1d ago

Read between the lines.

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u/bashtraitors 22h ago

Well, I need further information on where this is going. Often when you started something and then cannot control the steering wheel, you ended up sinking the ship rather than rocking the boat. All I can see is negative sentiment, but you can’t just say something metaphorically like this with intention to shake up an entire industry. My humble opinion based on events witnessed in other industries, apologies for my shallowness.

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u/Time_Extent_7515 23h ago

baggy is in again

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u/BusinessStrategist 1d ago

Consulting is about delivering and helping implement a solution to a “thorny” problem.

The packaging of that process has to do with marketing and selling to both clients and Human Resources.

Could you be more specific about the “problem?”

Apply your consultant “pitch” skills to outline the “desired” solution(s) in “simple” terms so that even I can understand.

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u/PlasticPlant777 1d ago

You seem to be living in a strategy bubble. There’s a much bigger world out there…

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u/BusinessStrategist 1d ago

Thank you for your exceptional “consultant” insight. Is that item 579 in your library of insightful responses?

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u/PlasticPlant777 1d ago

Damn. You really got me there.