there's probably a really good article/book/study to be written on the transformation of the 'elite' career path going from 'work at a premier company' to 'work at an investment bank or consulting firm working for that same premier company'
Surely some of the explanation is that professional services are often treated as capex instead of opex, so it's less stigmatized by fp&a/MBA types
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wow didn't even think of that, it's a great take. One of my pet theories is that it's basically an outsourcing because it allows managers to offload blame if a project fails. But I guess I was coming at it thinking of mckinsey milking Saudi Arabia for 5 year plans every 5 years
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