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How Consultancy Firms Con Us – with Dr Rosie Collington
How Consultancy Firms Con Us – with Dr Rosie Collington
#Consultancy #Firms #Con #Rosie #Collington
“Unlearning Economics Live”
Dr Rosie Collington is a postdoctoral fellow at the Department of Organization at the University of Copenhagen. She is the …
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0:17 as an aussie im hoping you touch on the debacle here- big consulting firm playing both sides re tax advice
For the comment on people within these firms trying to resist and change things internally, such as for the goal of a green transition. Personally, I am not interested in the continued power seeking these companies are engaging in, as private and public firms are increasingly centralizing and becoming almost openly undemocratic. Considering the education many of these people who work in firms get, I don't believe they are qualified to transition anything.
We've had consultants come in to places where I work a few times over my career, they normally sub some 24 year olds with no experience, cause chaos, leave a 200 page report, fix nothing and invoice you a huge bill. The exceptions tend to be when the consultancy is hyper focussed on a specific discipline; and in those cases they can be very good at teaching your orginisation how to address an institutional blind spot.
thanks for your work, the both of you!
What's the upside of being disillusioned at a young working age? You have the chance to change and enough energy left to do it. Imagine this happened primarily after 15 years in the industry, two children and a mortgage…
I went to a private school and did business management at uni.
I have many friends who went into consulting. Generally here is what I see as reasoning.
1) Just as being a tradie (tradesperson) is considered a 'default' blue collar path, joining a consultancy firm is seen as a acceptable white collar path. Especially if you don't have the grades or drive to do something like Law. It is important to remember the class element here imo. Things like consultancy, law, STEM or finance are considered prestigious degrees and careers and when you go to the expensive schools where many parents are one of those it feels like the default path.
2) Get worked like a dog for 2-4 years until you get your early promotions and bail out to industry on a much fatter salary with some good experience under your belt. This is much more common for audit (which is done by the same firms) then it is for general consulting in my limited experience. I'm also putting the desire for varied and challenging work under this reason.
3) Become a partner and get loaded. Honestly I saw very little of this. Most consultants I met (admittedly under 30s) didn't want to hang around to that stage.
I don't think I've ever seen anyone say they want to join a consultancy firm to make a difference. They may want a challenge and variety sure, but never to help out climate. They would probably get bullied for saying something like that here haha. I'm not going to lie when I heard that as a primary reason for people joining I felt like that is the exact bullshit a consultancy firm would want its young employees to say. ie. young people wanting to go into an industry where part of your job description is to be full of shit may be full of shit when they discuss their motivations.
Amazing how “protecting shareholder profits” is the only completely infallible, unbreakable, sacrosanct “law”, that our capitalism cucked governments abide by. Literally everyone and everything on the planet, including the planet, takes a back seat to making private corporations “number go up”.
As someone with experience. You're not wrong. But it's a critical vulnerability. You can't just expect leadership to be all, wow! We were so wrong. How do we help. Still. I encourage your journey. Ping if you want details. 😉
another great talk
The McKinsey Parasite is well attached to the canadian government at the moment, good topic choice.
I think she is being too kind to the major consultancies when it comes to the skills of the employees. The majority of consultants enter right after graduating from a prestigious university and have little domain knowledge or experience of the sectors they consult for. I was applying for consulting roles recently and speaking with consultants, one emphasized to me how she only uses soft skills day to day. This put me off the career entirely because I want to offer actual value, not a charade
I was working a private party yesterday for some rich consultants, and I was just thinking to myself that their whole industry seemed like bullshit. Your timing is incredible
Great video thumbnail