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Any good study, or also opinion piece, looking at the premium of consulting vs internal workforce. Like, why is a junior McKinsey consultant paid 5x similar profile (edu and experience) at the client company?
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Thanks. I am looking for some structural explainers of how “fat” trickles down even to junior level (in absence of talent supply constraints) while slimmer businesses inversely put a cap on earning regardless of profile. seems to have a good lead with bs vs p&l.
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