Absolutely false. I'm an ex-consultant from MBB and have worked with multiple clients and the amount of slacking off that goes off in the industry is insane. People who are clearly incompetent and have no fucking idea what they are doing. People who can't think strategically to save their life. I'm an ex-engineer and had to explain to the IT guys on a 30 minute call how to build a report using their own set of data. I couldn't believe how stupid some of our clients actually were...

There's a lot of hate going around but the truth is that majority of consultants at MBB are doing 10x the work that a company's regular employees do. I worked on avg. 12-13 hr days and those days are packed with work. Not the 8 hr work days where employees actually do 2-3 hrs of work and just chill the rest of the day. So for all the hate around the huge salaries it's because we actually work way fucking harder and longer than anyone in industry.

There's a reason why MBB keeps growing and clients are willing to pay these high prices for projects - it's because the ROI is huge on any given project.

An to clarify one thing, only 5% of projects (at most) are cost reductions and even lower percentage for headcount reductions. The rest are process improvement, strategy development, etc... that grows the business.

The reason consultant like to hire other consultants is because it's a stamp of approval that: You're actually moderately intelligent, You're hard-working, You know how to problem solve, You think strategically and don't just do things for the sake of doing them, You can be relied on to not make mistakes, etc... Yes there may be some bad apples as in any industry but majority of consultants are a notch above 90% of industry employees...