We are witnessing the slow death of the prestige career | Alice Lassman
Summary
Consulting firms once promised strong career growth by training young analysts in deep problem-solving and client work. However, the rise of artificial intelligence (AI) has changed entry-level jobs, shifting tasks from learning and ownership to mainly fact-checking and using AI tools, which raises questions about skill development and workforce changes.Key Facts
- Consulting firms like McKinsey marketed themselves as top training grounds for future leaders.
- Entry-level analysts used to gain skills by handling challenging client work and creating their own analysis.
- Now, AI tools handle much of the detailed work, reducing analysts' opportunities to build deep skills.
- New consulting AI platforms include BCG’s Deckster, Bain’s Sage, and McKinsey’s Lilli.
- Firms are promoting employees who are good at using AI and managing high workloads.
- Consulting companies are cutting staff and freezing wages amid this AI-driven shift.
- Clients want AI integrated deeply into their businesses, pushing firms toward partnerships with AI companies.
- The consulting role is changing from creative problem solving to processing AI outputs quickly and repeatedly.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.