What MBA won’t tell you about Management Consulting? | Dark Side of Consulting | McKinsey BCG Bain

[@dhabeli]

As a 10 year consulting experience,100% agree with your video, thanks for putting it out so the next generation understands both pros and cons

[@rayaanaaryan2684]

nobody care these kind of negative aspect .... you experienced it that why you are talking about it .......another thing is Perception may be your perception is mixed like good and bad both.....but majority of People see consulting as Top carrier Choice .......even top MBA college like Insead , Wharton IIM ABC place 50 percent of their student in Top Consulting Firm .......3rd thing is Supply and Demand .....Demand of always controlled by MBB firm while supply is huge specially from Top Bschool to Join Consulting ....other wise you tell me which other company sponsor your MBA from Insead , Wharton or Hravard etc

[@Debraj1978]

All the points you mentioned is true for any industry, if you are working in position where you need to interact with customers directly.

[@jaypalnitkar4400]

Loss of hair, dark circles, anxiety disorder, depression {likely} ____ THE DARK SIDE IS LIMITLESS

[@Kathakathan11]

Which stream is good in MBA. One with less stress and not HR

[@babaramdev1077]

​@@Kathakathan11 MBA in masturbation....!!!

[@contrastentertainment1749]

​@@Kathakathan11Don't do MBA then !

[@Kathakathan11]

@@contrastentertainment1749 I don’t have any option. I need a job. Also I am recovering from 7 surgeries and trauma. So I cannot put stress on myself. It’s better if I get least stressful jobs, within the range of jobs that mba can offer.

[@aswathnatarajan8438]

then, why you still there in company? create your own!

[@senpaiprada]

A very crisp, to the point, and neutral outlook. Thank you so much for sharing! Look forward to more content from you.

[@sankyghoble]

The loneliness in the hotel room at night and Monday morning travel hits me the worst

[@Ybash2979]

Mayb why not start a youtube channel .... matlab khud se baat krne ki aadat pad jayegi

[@GauravSakhuja]

Good points touched , the key is don’t get stuck in consulting forever, do it on and off with other roles like delivery , architecture etc that will upgrade your skills and keep you out of being sucked up

[@JP-ok2qd]

Great video Pavan! For showing the dark side of a glamorous job!

[@glorgau]

Yeah, it's a grind. Make your money, build your contacts, and then get yourself hired on as a VP of whatever in some company. Think of it as doing a residency.

[@rejectionistmanifesto8836]

There are only very limited number of VP roles. The stress kills people early so many of these people dont live past 73-75 years age.

[@BEESaiShivam]

73 is cool man! Avrg of india is 68

[@rejectionistmanifesto8836]

@@BEESaiShivam wow your healthcare seems extrenely worse than we have in America. Terrible to hear, sounds like one of the lowest capable medical systems worldwide then.

[@kargo1517]

Consulting and Investment Banking are two places where people are promised huge money, position and a great life. What they get in return actually is instant death 😂😂

[@tusharsaxena5449]

This was indeed a really insightful video, Pavan! While we all have heard about the positives of the Consulting world, I’m glad you gave a very honest and nuanced downside of the domain too! Thanks again! :)

[@wildpett]

Good points --- i work in the consulting world and have learned that it is very important to take care of yourself

[@gjd8849]

My neighbor is a consultant at a large firm mentioned in this video. He has 2 young kids. He is home just 24 hours each week. Not the life for me.

[@MrStan0630]

Then why is their stock value frequently so high, e.g., Gartner. Are all the executives at Fortune 500 companies stupid?

[@Surajpatra111]

I know work life balance is horrible but I think one should go for this type of companies in his/her prime years. You will get a lot of experience and it will help u in resume and don't forget . Your earnings cause at that time you won't be having much expenses so, u will build a great Corpus of funds.

[@ppvshenoy]

I have heard this from my consultant acquaintances - how the long hours, stress and travel has negative impact on their health and relationships. Not glamorous after-all, considering the cost, in most cases not recoverable.

[@chiragsharmaYoutube]

Top quality video. And thank you for providing real knowledge. Very few people talks about negatives of the job. and students set wrong expectations. Keep doing it.

[@srinathrangaswamy7922]

All great points and totally relatable! Its not just the consulting world, corporate world in general... Eg: I am ex-Accenture, very similar experience..

[@lawclerksanbar3790]

😂 is it lonely at the top? Its extremely lonely at the bottom too. Management consultanting especially after hearing about the darkside appeals more to me as a career. Plus points 1. No long term getting along with colleagues ? So you dont have to put up with same lame ass people? Yes please 2. Not seeing toxic family members regularily? Woah what 3. Constantly travelling in flights and AC cars instead of standing in trafic for 4 hrs everyday? Whooo

[@bossgandy]

A great book on this House of Lies: How Management Consultants Steal Your Watch and Then Tell You the Time They made an amazing tv series based on this book House of Lies, it’s for mature audience btw

[@coolcool200]

Not only management consultants. Even engineering consultants are the same. It is my firm opinion that consultants are such a waste of time . Most of them have no field experience and their work reflects that. I feel it would be better if firms that need consultation start forming small consulting units in their own office among their own staff. Saves a lot of money and rework and headache.

[@jasxteo]

Ya more companies are starting to realise consultants dunno their business at all.

[@xyz-pg3zd]

@@jasxteooof

[@God_Father72]

That existence question about we paying you millions and if it's worth will only be asked by Indian clients

[@richardcranium8984]

We had a major consulting company knocked on our door trying to teach us how to run our business. I told the young ladies to suck it and they did! That’s how they got our contract.

[@suds782]

Questioning of existence is a good thing . These are real life skills .. a human must face them multiple times in life and should know how and what to do then ..

[@humanandindian]

Inspite of all these cons, MC is still a desired position for me. I pray to god that one day ill reach it.

[@abdulfattah2085]

R u running behind MC bcz of money?

[@humanandindian]

@@abdulfattah2085 yes

[@humanandindian]

@@abdulfattah2085 yes...

[@fatmanslim4592]

i work an ez job making 40k a year...while my "successful" cohorts make about 70K+...but im 36 and look like im 26, while the rest of them look like they already mid 40s...stress hit them hard. granted im single and dont have kids....but still i enjoy the stress free life.

[@method341]

My boss looks like she never gets any sleep. She has a good job title but she looks old, is single and doesn't appear healthy. Is it worth it?

[@safiaadam5636]

Which job do you do?

[@bennetnelson6189]

As a consultant; I approve of this video

[@maziz6237]

People always find ways to be unhappy….It’s same as people always find ways to be happy. It’s all in the situation one himself is in….No need such videos to share individual situation and classifying as Mckenzy or generalizing for others situation. If one dont have money or salary, then any situation is brilliant ..awesome. Such issues only hit when you are in luxury and have nothing else to do for society. By the way I’ was also in somewhat luxury/complacent position….had similar thinking but having done root cause analysis , concluded that it’s not this/that company or bosses…..it’s more of myself not having clear objectives and real initiatives or responsibilities to serve society (not restricted to family/ community). Now at a bit peace. BALANCED. With no much high expectations.

[@sanjeevsinhaindia]

Grapes of Wrath explains this too - Employers are masters

[@Sai-rp2pw]

Great

[@mahmoudghoneim8004]

You forgot to mention that consultants are genuinely paid to back a certain insider agenda that is if laid by a consultant will look more compelling to those who oppose that direction and will make those who support it like geniuses.

[@omkarmore2769]

Great video last line is good❤

[@Berks3240]

Management consulting firms don't add any value and are a net negative contribution to the economy as a whole. They mostly hire fresh graduates with no real industry experience. People with experience are not hired because they can easily question the way the organisation work because of which promotion are always done internally(people are either laid off or promoted)

[@plant_leaf]

Exactly. Finally, someone said it

[@nikhilspeaking]

If so, the interesting question is why they exist?

[@Berks3240]

​@@nikhilspeakingcheck videos like that of "how money works" explained it better than I ever can.. coincidently a day after I made this comment last week tonight with john oliver uploaded a hilarious video on McKinsey which is worth watching too

[@nikhilspeaking]

its a good video. Despite not being a mgmt. consultant, one can tell you that writing down plans and reports are a pain, that regular employees do not want to take up especially if its contents can disrupt their functioning. So they provide a type of secretarial service. A new study by BCG showed that the lower quartile of their consultants + chatgpt ~ top quartile.

[@plusfour1]

There are plenty of jobs that staff either don't have the time, the expertise, or the desire to complete. Change agents are a good example. Most of these tasks take only a few months as Pavan said. There will always be a need to bring consultants in.

[@samhitabhattacharya3608]

Every domain has some pros and cons one the best part of consulting u learn lot of things in short period which may never happen if u join end client begini ng of career

[@urvinodh]

Well said, you summarized consulting problems precisely! It may be a good thing when you’re a single or old/ wise when family is independent of you.

[@thejourno4273]

Im getting to 15 years. I work less than 40 hours a week. The trick is to not get promoted role wise, but pay wise. I make what a AP makes, but do the job of an Associate.

[@Pavansathiraju]

I should do a podcast with you:)

[@shreyajain789]

Please elaborate 😢

[@CrazeUK]

Great video. I wish i had seen it before i joined one. So glad i had the balls to leave. You forgot the increased work placed politics. The being compared to self proffessed fabourites etx.

[@kumarmohit-m3k]

Even though high paying developer job is same 😅.its required as lot of potential and hardwork

[@abhijeetchatterjee4129]

Very good advice. Keep making such videos. Thank u

[@ViceCoin]

Corporate consulting. I consult for the underground economy. I dread family time!

[@gauravmsat]

Great video but that is now for all the job streams even if you are in a product company or startup. Atleast you were lucky to get into McKinsey. Another point - you should be able to defend client questions on value of management consultant even if you are entry level.

[@mallikaarahane5904]

Really insightful video sir.

[@kenmitchell7268]

The pros far outweigh these cons if you get an opportunity at MBB. Most people work there for only 2-3 years and move on if they need better WLB.

[@rohan2718]

What is WLB

[@Pavansathiraju]

It is Work-Life Balance

[@babaramdev1077]

Wicket leg before

[@rohan2718]

@@babaramdev1077 thank you sir. Really appreciate your support.

[@Impulse_28]

I need KGT with MFG alongside LBW with garnishing on top thanks

[@l-74]

CONSULTANT is a person who will see your watch and tell you the time and charge you for that. Its a fact.

[@kunsha1]

People on project deployment end up working 14 to 16 year, Saturdays and Sunday sometimes for RFP

[@bjs9966]

very useful insights for long term goals. thank you🤝

[@jayantdrummer]

Pavan, the reality is that people care about your content because you add McKinsey and your college name to your profile on social media. I guess that's the harsh reality that otherwise, nobody would bother.

[@abhikmandal3458]

Thanks a lot for your honest suggestions.

[@roberthuff3122]

The natural consequence of equating money with God.

[@shaileshrawat1837]

Hi Pavan, in the video the spelling of existence is wrongly written as existance at 3:52..plz correct if poss

[@Pavansathiraju]

Thank you!! But unfortunately, can't right now:)

[@vimeopictures5170]

unfortunately, that's not true about some people working at Mckinsey, BCG, Bains. People who pass out from a premier college like IITs, and IIMs have it easy. They get more free time and creamy problems.

[@drury2d8]

What a bunch of nonsense. Their job is not to solve problems, but to create more problems and make money out of it. All that brain power used in the wrong way.

[@Arcane172]

Problem starts because people get into the roles without skills or interest... only because they have some fancy MBA degree they get the job role.

[@Pavansathiraju]

I agree. And not just mba. It is about whatever our friends do!

[@syedmuddassirjawed9118]

very informative Pavan

[@nikhilranjan32]

Very nice and beautiful explanation sir

[@akashchandrayan7255]

You didn’t talk about whether consultants add any value? After 7-8 years I expected a more opinionated view here .

[@Pavansathiraju]

That is never a question for me. Hence did not include on this video

[@akashchandrayan7255]

It is literally at 4:00 @@Pavansathiraju

[@harsh38]

​@@akashchandrayan7255*maybe for him 'personally'

[@Belihoney]

... why would he talk about weather consultants or am I missing something?

[@digibrianer]

Very well defined video Tysm

[@ojasdeep1592]

Great video sir❤

[@Pavansathiraju]

Thanks a ton::)

[@adarshjha4774]

Why has backend jobs dried up, i got a call from all front end india practice office but these are the concerning points which i have shared by you. is the indian market doing better that is why the hiring is going on ? How to balance front end for someone coming from back end jobs

[@hirakpandit4243]

You did not say that whether the Management consultanta really add any value or not tp any problem !

[@Pavansathiraju]

They do!

[@prathamstechnical8505]

Let beep sound really hurts the ears , please inform the editor about the same

[@LearningAndGrowingInLife]

Insightful video Pavan. No worries I hear that most management consultants tend to leave management consulting within a few years of doing it. I am curious if what you shared also applies to other types of consulting (like tech consulting) or is strictly a characteristic of management consulting?

[@kjquinn7856]

As a former management consultant, I would say that Pavan's points apply to investment banking as well, but I can't speak to tech consulting.

[@oloidhexasphericon5349]

3:30, Do you get paid in between your projects ?

[@nikkavya]

Yes

[@Sameer-xl6yt]

Man has made life unbearably hard.

[@httr21skins]

What?

[@Mike-br8zt]

Consultants turn the views and opinions of those in the know into management speak and charge a fortune for it.

[@johnmcgrath6192]

Ivy League students know exactly what consulkting is about: harming society. They want the money and prestige. You emphasize the cost to the persons working at cconsulting firms. But you do not talk about the harm consultuing firms have done to the working class.

[@sharma_1721]

What harm consulting firms does to consultants ???

[@Spar19row]

I liked combing being a CPA with being a cosultant. It was a good mix.

[@S-ir6fs]

I think i am headed towards the same path. Does MBB hire CPAs?

[@sahilagrawal9799]

Hello sir, my father is lawyer, now we are ging to earn around 80 lakh this year, and after that above 1 crore, should i do MBA by cat exam and then do job in MBB firms, is it worth it in my Situation?

[@shreyajain789]

If you can join and expand your business, do that. Consulting is not worth it

[@Krishnaradhehari]

Hi Sir.. Greetings!!! For question, I would like to answer it more aptly... U could have answered them that if Big firms would have that capacity to make decisions that their consultants take fir them.. They won't be called as CEO's or CFOs though... They should start calling them consultants either... Also there is this tendency in human that they need AFFIRMATIONS speciallt u dealing with big issue... And of course...last but foremost...management need somebody to blame if some blunder happens... Board of directors won't take it to their shoulders... As they lack guts to accept their mistakes... So definitely... Being a consultant is like management firing keeping gun at consultants shoulder. Hence... as far as consultants job ll never go out of fashion... In fact ll rise like nything... Actually... Consultants r the ones who actually running a firm.

[@peyushbarkataky]

Show us some job roles that we can persue if we don't have mba ... so that we can grab some valuable experience really required for mba or phd's later on

[@Pavansathiraju]

Product analyst, data analyst, analytics, consulting backend, market analyst, trading, etc. Offer you good exposure that can help you get into good b schools later. But for PhD, your domain related work experience.

[@peyushbarkataky]

@@Pavansathiraju what are the must needed skills to be an analyst? How can we land such a job fast. Please help

[@Happysoul_3]

Power Bi, sql and sometime python needed for analyst roles

[@davelawson2564]

@@peyushbarkataky require subject expertise. join as intern if there are openings , accept lower pay for 1 - 2 years as you are learning on the job. Learn fast and do the job effectively or you'll get kicked out early

[@pattumpadamalum]

Not just consulting, any corporate whitish collar jobs has this; I just wonder did we sign for 12 hours workday - it gives a wrong perception to outside world that people in corporates earning way better than others, but the work life balance is not mentioned, proportionately the pay is equal.

[@RAO-SAHAB--]

Why everyone only posting videos of leaving big 3????

[@kumarbirbhadra123]

Great teacher

[@andreasfreyaldenhoven5785]

Without watching the video: Why is it so popular at the moment to hate consulting in general and the likes of McKinsey? I don't think anything has changed about them that much over the years. Or am I in a social media loop on that topic because I have seen too many of these and the algorithm thinks I like that kind of content? And the general attitude of people towards them has also not changed much?

[@kjquinn7856]

The dislike of consultants is actually not new - decades ago when I was a management consultant, the dislike was there. Often the sense was that consultants were hired because management didn't have the fortitude to do what was necessary - usually cutting costs. Recently, however, there have been some very public issues with McKinsey and its role in the opioid crisis in the US (they were heavily involved with Perdue Pharma and the US FDA in pushing OxyContin as a "safe" drug) and McKinsey's involvement with several less-than-savory governments, just to name a few.

[@RadhikaAgarwal-q3e]

Hello, can someone with 8/8/9 (tier 2) non engineer, get into consulting firms??

[@attrikahazarika]

How many hours in Mckinsey/Bain/BCG?

[@Pavansathiraju]

If you are lucky 12 hours/day

[@Happysoul_3]

Seen lots of videos of MCs on youtube all are saying the same. Hardly heard anyones story who is happily working in MC to reach the top ladder😅

[@mrbandausa5703]

Well made video very true

[@dotbasing]

Deep insights missing. Like Steve Jobs gave a deep insight

[@sebastianbucur5135]

What did you do with the money? Hope you didn't blow it on branded goods... and swiss watches.. and (worst of all) leisure travel?

[@sharma_1721]

Sir, what are u doing now after leaving from consulting ?

[@vishwadeepsingh9762]

Consultants also need consultancy, the solution

[@lakkarajushankar]

why you worked for 8 years, you would have come out after 2-3 monrhs, right. You want hefty salary. just twisting the facts, this is what one do in consultancy right.

[@AkashGupta-hq6nj]

Please dont keep that irritating beep sound in between ,great video btw

[@welingkartr416]

14 ministries of the Central Government gave Rs 500 crores to these Big Consulting firms. It is true they have some expertise, but mostof it is coached in big words, jargons and mind-dumbing matrices that hide a lot of assumptions. A first-time reader, MP, MLA gets blown away by what's written, but its the same crap given by their departments being repackaged and resold. What Atmanirbhar Bharat will we get with this?

[@LauraEgocheaga]

Yeah the traditional consulting model is a slavery trap. The real game is leveraged consulting with the scalable impact model.

[@niteshmishra6801]

To kare to kare kya

[@sumitbhattacharya4402]

Travelleing doesn't give you back pain. Weakness , nutrients deficiency, age etc are the reason because millions of professional work harden than you physically

[@sauravyadav1509]

If you're getting paid so much, at least enlist some 'actual' struggles dear. I mean 'Back-ache' seriously? Who doesn't have that in these days man. Get some real life issues. Please don't be so fragile. - Coming from a Doctor. (And if you can spare some time, dig into our lives once, and you'll be happy)

[@Pavansathiraju]

Bhai - Back ache was a killer for me personally. I had to take 6-7 hour flights when I was struggling with Backache. Had to sit for 12 hours straight with the pain. Had to take a pain killer almost everyday in 20s. If you think that is not a big problem, what can I do!

[@sauravyadav1509]

@@Pavansathiraju You suffered more than what I thought. Agree and understand what you mean. They should have taken care of the same at least. Hope it is okay now. Take care.

[@thepinoyboomer]

Consulting (especially in assenture), they are parcatically treating people like equipment. They don't care about you.

[@ravindravaishampayan5762]

No. 5. People will question your "Existance"

[@enigma1000]

That’s what you get from a poor education…..

[@TexasBoyDrew]

Money is still worth it

[@nehalkumarsingh6517]

These are the dark side points u said ? 🙄🙄🙄

[@ningyoh3490]

Toxic expectations of these companies takes a lot from your it seems

[@souviksen7497]

Its not just Consultants. You think Bankers add much value ? Think again. They cant directly add value in the true sense even if they wanted to. These are middle men industries designed to increase efficiency and productivity by helping companies and individuals to allocate and reallocate resources. The main problem is that there is no actual evidence that these industries do increase efficiency or productivity. And that's where the problem lies. For example, in 1950 of all the Fortune 500 companies that existed in the US, only 47 of them exist today. The others have been wiped out. Interesting thing here is the ALL of them used the services of Consulting firms from year to year. So to say that Consulting Firms make industries more productive and efficient is a hard sell just based on historical data alone.

[@sandeepgrover26]

Every job has dark side.

[@CrazeUK]

I wish i had seen this before I joined one of them!

[@chaitanyatuckley4666]

Dark side: I want money, but don't want to work for it.

[@Zambia1]

How can u be reached

[@Pavansathiraju]

You can reach out to me on my email Pavan(dot)nitrkl(at)Gmail(dot)com

[@supersmart671]

Is it worth it? ......

[@mandarbhide31]

I dont understand what these guys do ? Or why they are hired ? Afterall most of the big , huge and middium buisnessss are created by less learned men or dropouts ...i accept that thtough them one can connect to bigger networks and do things like crossing existing geographical and financial boundaries

[@method341]

Thats why MBA applications are so down

[@thelonenoob2489]

Paisa milega na bey ... Aur kya chahiye .Paisa kon deta Hain.

[@abishek_999_]

Mental health,life left the chat

[@rayudurayudu9348]

For someone they love their job more than their wife for someother family comes first Consulting is not a sales job but nowadays our business boss wanted 10 times of salary every month nothing to make huge profits

[@Pawsome96]

Everyone has a different pain....😂😂😂😂

[@akashverma5756]

Consulting is most useless job on Planet. Consultants consulting consultants on how to consult.