What Does a Consultant Actually Do?

Have you ever wondered what consultants are up to in those fancy airport lounges or skyscraper offices? Well, you're not alone. Despite their prestigious status, many of us are still scratching our heads about what consultants actually do all day. Let's dive into this world and uncover the truth behind the mystery.

The Elusive World of Consulting

Consultants seem to live in a world of their own, often perceived as mysterious figures who float between high-stakes meetings and exclusive business deals. They are part of elite firms like BCG, Bain, McKinsey, and Deloitte—companies that receive nearly 200,000 applications annually but accept only 1.5%. This exclusivity makes them more selective than Harvard and Princeton! But what do they do once they're in?

Meetings, Meetings, and More Meetings

According to Tyler Cook, a former employee at Boston Consulting Group, the life of a consultant is laden with meetings. He describes it as a cycle of preparing for meetings, attending them, and then preparing some more. Sounds exhausting, right? But why so many meetings?

Consultants are often brought in to solve specific problems for companies. Imagine you're a struggling business owner with a product that, unfortunately, explodes in kids' faces (yikes!). A consultant would step in to assess the situation, bring in teams for PR management, and ensure safe manufacturing practices. The cost? A whopping 10 to 15 million dollars for a six-week project. But that's just the tip of the iceberg.

Brains for Hire

Consultants are sometimes derided as 'brains for hire.' Their job often involves providing expertise and strategic advice to companies looking to improve efficiency and profitability. However, this role comes with a shroud of secrecy. New recruits are instructed never to disclose client names or payment details, keeping a veil over their operations.

The Glamorous yet Secretive Lifestyle

Consulting isn't just about the work—it's also about the lifestyle. Consultants get to travel, learn about diverse industries, and meet other intelligent, ambitious individuals. Plus, the pay is pretty darn good. It's no wonder many young, driven individuals are drawn to this career path.

McKinsey, one of the top consulting firms, often attracts 'insecure overachievers.' These are people who excelled in high school, went to Ivy League schools, and now seek a prestigious job that matches their academic achievements. The consulting world offers them a chance to continue excelling in a structured, high-stakes environment.

The Influence of Consultants

Consultants wield significant influence in various industries. They can restructure companies, advise governments, and even impact public policy. Their work with controversial industries like big tobacco and pharmaceuticals has sparked debates about the ethical implications of their influence.

Conclusion: An Everything and Nothing Job

So, what do consultants do? The answer is both simple and complex. They're hired to think, strategize, and advise—often working on secretive projects that might change the world or simply make a lot of money for their firms. It's a job that caters to well-educated, directionless individuals who thrive in ambiguity and enjoy the perks of a high-flying career.

In the end, whether consultants are making a significant impact or just spinning their wheels in endless meetings is a matter of perspective. One thing’s for sure: they have a knack for adding to their private networks and ensuring they remain indispensable in the ever-evolving business landscape.

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