A key pipeline for funneling talent into white-collar work has sprung a big leak that won't be easy to fix. Consultants are no strangers to volatility. In fact, a big part of their business is advising clients on the best ways to navigate change. BI's Polly Thompson, our resident consulting expert, has extensively reported on these trends. PwC, for example, plans to cut college graduate hiring over the next three years, with AI cited as a primary reason.
That dream might be creeping out of reach for younger people trying to break into the industry, which looks to be on the cusp of a big shift as firms trim their ranks, double down on AI, and tighten performance standards across the career ladder, industry analysts told Business Insider. No one is exactly sure how it will play out, as much of the future will depend on where the economy goes and how quickly AI is adopted.
In higher education, the best market research means more than just gathering data-it means showing up as a consultant. That's something I've really learned throughout my career.
In March 2019, Rick Singer pled guilty to federal charges-including racketeering conspiracy, money laundering conspiracy, conspiracy to defraud the United States, and obstruction of justice-for his role in what was widely-publicized as the 'Varsity Blues' college admissions scheme.
Consultants possess unique strategic and operational expertise that can provide significant advantages when evaluating and investing in private equity opportunities. Their analytical skills and industry knowledge create a foundation for making informed investment decisions.
Eckstein realized he craved more ownership and autonomy in his work, ultimately leading him to leave consulting for the entrepreneurial challenge of creating his own business.
It's not all totally destructive or anything like that, but compared to what these people could do, if they would take on some of the biggest challenges, the opportunity costs are massive.