Why is everyone a consultant?
HTML-код
- Опубликовано: 17 сен 2024
- I used to work in consulting at a big 4 and quit my job because all of the powerpointing felt scammy. Now I'm coping by making a video series about consulting being a scam. This is part 2 of my "Conslutting - Consulting is a scam" series. You don't need to watch part 1 before watching this, but if you want, you can watch it after watching this video here: (also quick disclaimer: the quality of part 1 is really bad, because I was still filming on my phone, and I had no clue about editing and stuff, but I read up on that now - better late than never - sorry :/): Conslutting Part 1 - • Debunking the consulti...
And here's a list of all the sources I used for this video:
Books:
'The Big Con' by Marianna Mazzucato and Rosie Collington (it's amazing, go buy it now)
'When McKinsey comes to Town' by Michael Forsythe and Walt Bogdanich (also amazingggg read and super insightful, go buy it as well while you're at it, we should be spending our money on books anyways, instead of other material possessions)
Links:
www.independen...
www.industrydo...
www.nytimes.co...
www.latimes.co...
www.latimes.co...
• Watch 8-hour Depositio...
Insights into my weird life: / boomers_hate_this_trick
Also now that I quit my job, I'm in the process of trying to find another way to make it through life, so I founded a sustainable jewellery brand with my best friends:
www.the-squid-studios.com
/ the.squid.studios
We only produce in Europe from recycled sterling silver and we make all the packaging ourselves from old art catalogues we thrift, and we offer a lifetime repair policy, so it's actually super sustainable :D and with the code 'CONSULTING=SCAM' you can get 10% off your order :)
management consultant = A cover my ass tool for company managers to announce unpopular decisions that have been already made, and act as a scapegoat if the change fails. Everybody wins.
Couldn’t have said it better myself
Perfectly summed up
The Gervais Principle at work
Was just reading Akio Morita's biography where he says exactly this
Yep. Outsource the blame but not the merit!
I've been saying this ever since I discovered that their is a business called consulting... Consulting is basically bullshitting; powerpoint presentations and big words don't solve problems but give clueless middle and upper management a lifeline to seem like they know what they're doing. That is the real service consultant companies are selling.
Especially when management fucks up it’s so easy to blame consultants to save your own skin
We have got to get rid of all this middle management bloat. These clueless 60 year olds are destroying American competitiveness with this ridiculous distortion of our economy to keep them well paid for doing nothing.
@@sdsodrod Pays!
idea hookers
The company I joined hired a consultancy bureau to build their software project. Spent 2 years working with the chaotic result and all I can say is: their work is GARBAGE
I have a colleague who refers to Accenture as Accidenture due to previous experience with their... expertise 😅
hahahaha damn
this is beyondddd hilarious !!!! will start using that too hahaha
It happened at one of the companies I worked for. Accenture got paid millions and millions to build a software that was a million times worse than what we had before (built by us the software engineer at the company) but hey, these .ppt and overuse of corporate buzzwords were extremely effective to the managers and the board of directors. Eventually the whole team had to stop doing our routine work in order to mitigate the operational problems this software was causing for the whole company.
Remember: Anna wasn't suicidal.
unsure what you mean haha but thanks for commenting :D
@@annabocca It's a meme. Implying that there is a chance you might end up in the news as taken your own life orchestrated by the people in power you might be exposing.
@@annabocca He refers to possibility of consulting firms 5ilencing you, and arranging it as a 5uicid3.
@@annabocca They mean you're saying the things that the big corporations would kill you over and stage it to be a suicide a la Boeing whistleblower being found dead
They mean that this information is so dangerous that a corporate shadow lizard might unalive you and make it look like a self deletion.
My experience of consultants is that ~95% of consultants exist solely to serve their own profit margins. Very occasionally one comes across a consultant who is a genuine expert in their field. The issue then becomes how to differentiate the experts from the self-serving parasites.
Yesssss EXACTLY this! Of course some consultants know their shit - it’s just a tiny minority 💔 I came across some very few consultants who knew their shit the other ones just mainly had overblown egos and faking it
the easiest way to tell is age and work experience. 95% of consultants are hired out of college with no experience.
Consultant are soothsayers who go around collecting ridiculous fees for their generic spells. Not new.
agree
So you're saying they're the corporate version of a Dungeons and Dragons wizard who specializes in divination spells? Except they don't do anything useful.
@@Adelina-293 Yes
Consultants are such a scam. Make 3x as much as a normal employee for the same work and since theyre temporary they dont contribute to long term growth
100% agree!!!! ♥️♥️♥️
Consultants also don't get company-sponsored health insurance, PTO, sick time, social security, or other fringe benefits. They don't take up office space, they usually work at home. The lack of overhead and short-term nature of the project is why consultants can make 2-4X per hour what the FTE makes for the same work.
All businesses run this 3 to 1 price to cost because of the cost of actually running a business. The same applies to mechanics and restaurants. The point of bringing in a consultant is to help make a decision or a plan that you lack internal expertise for.
Once they have done the thing you pay them for you don't need them anymore so you are not eating payroll on staff that are not useful full time, or are too expensive to employ. You don't actually know anything about business I am guessing.
You think consultants are bad, wait until you hear about influencers and RUclipsrs. ;)
I mean I’m just getting started with this - we’ll see how it goes haha but there’s definitely some RUclipsrs I admire. I can’t think of a consultant I particularly admire 🥹
@@annabocca Seems you were the wrong kind of consultant. A BBA on your CV, perchance? I've worked with a lot of consultants during the last 15 years and they've almost exclusively been actual experts like the 'expert engineers' you read about. Powerpointing and stakeholding remains mostly the domain of PMs who can't land an actual PM assignment.
Good one.
Ha
Someone’s offended
I mean RUclipsrs and influencers are basically “consulting” you on how to live your life, what to like/dislike. It’s Al under the same umbrella
The people I see entering the consulting industry are people who have worked in a specific industry for many years, have actionable knowledge about what works in that industry, but who are 50+ years old and have been abruptly laid off due to "restructuring" and replaced by younger, less experienced and less expensive workers. Since it's virtually impossible for a 50-year-old to find decent employment in the U.S., many of them try to freelance their industry-specific knowledge and experience as consultants. These consultants are quite different than 20-something "consultants" with a fresh MBA and a work history, if any, of taking orders at hamburger stands.
Agree I’m not against industry experts consulting but as you said the young MBA grads working for the big consultancies :D
Sounds like my extended family who walked off with my inheritance and never pick up the phone.
Here’s the thing: Most 50+ year old consultants only get projects from people who knew them before they were consultants. Unless they are sheet hot, they won’t get many other gigs.
Yes, but I don't think the Big 3 consulting firms, MBB, constitutes of those people primarily. Although that's how I feel it should be as well; 50 y.o. with high domain knowledge consulting.
50+ workers are not flexible in hours (no weekends, nights, holidays). They expect work-life balance. Most 40+ Americans are chronically ill.
I got my 1st legal temp gig, because I was the only available temp willing to work midnight, xmas eve (unpaid holiday for temps).
The QUALITY??? Go offffff
Couldn’t have made it without you sitting next to me when I edited this ♥️ can’t wait for all further editing days to come with youuuuu ♥️♥️♥️
We had a company hire a consultant that her only credentials was being a Better Help therapist. Paid her $20k a year. I got demanding to have my departments budget and they paid her another $5,000 a year to just tell me the company didnt see funding my department was beneficial. I was only asking for a $3k a year budget.
I’m sorry you had to go through this 💔
Why are your numbers so small? A fast food worker is more than $20kpa.
😓
I'm a consultant. I have 30 years experience and desirable skills that allowed me to start my own company and sell my skills to the companies that need them on contract without being on their payroll, allowing me to write off my expenses and not pay half my income to government. It reduced my tax rate by >30% and I make double what I did as an employee.
Get desirable skills kids and don't work for anyone but yourself. Ever.
Good advice. Looking to make the transition sooner rather than later.
100% agree that’s what I’m trying to do too. I don’t want to work for anyone ever again so started my own jewellery label but realised marketing is fucking expensive that’s why I’m doing this RUclips thing too now and really enjoying it. Just need to earn money soon to make it work 🫠
hope u manage ✊
well looks like I'm just about to make the RUclips Partner programme thanks to this vid taking off :D
They tried to force me from practical work, coding, linux, security, into being a consultant. When I denied, they fired me.
Oh no I am so sorry to hear!!! But good thing you stood up for yourself and your beliefs! That's the most important thing. When I was a consultant all the pretending made me feel like I was such an imposter and a liar (they always made us pimp our CVs to match the clients requirements) and that really took a toll on my mental health. So glad you didnt go down that way
Who?
I am sorry about your experience.
You are the kind of person that I like to work with! 🙂
Found this channel randomly and found high quality content
Glad you like it! ♥️
pay people less and lay em off, this is some 200iq stuff right there, no wonder they're payed so much
🥲😂 fr outsmarting the economy with their ‘strategies’
That's because it's the consultant job to approve whatever the management wants to do anyway, and management gets a convenient excuse
I used to work in a Cap Gemini project and felt like a overpaid temp worker instead of a consultant due to the nature of the work :) Amazing production value btw and great research. You earned my like and subscription :)
Thank you so much! And yea consulting a lot of the time is just overpaid temp work. Which sucks because why have the middle man (the partners) rake in all that money ?!
Capgemini aren’t real consultants, they very rarely do anything more than Delivery work.
Over promise, under deliver, charge an arm and a leg. I frikkin hate consultants.
Great vid btw
100% agree - thankssss ♥️♥️♥️
is this a psyop by big consulting to get me to want to be a consultant? I know powerpoint and i like Money
♥️😂
In sports those who can't do, coach. In business those who can't do, consult.
I worked as a software engineer in two consulting companies and had to develop the mad ideas consultans promised their clients...
Most young consultans have no clue what they are talking about and selling software at a bargain or stuff that's just not possible to create... it's great for the client but pure madness for the IT department.
I have learned my lesson.
Oh damn sounds exhausting sorry you had to go through that 💔
@@annabocca Thank you Anna, unfortunately it was.
But honestly I've learned a lot in these companies, like being way more efficient and selling your (software) product to the client.
All in all.. I would never go to such a company again, but the skills I have learned (had to learn) are really valuable.
Glad to hear!
Charging more to analyze the job than it takes to do it, and then not having to put up with the consequences. Absolutely briliant business idea, as long as clueless executives are willing to pay.
Hahahaha yea lol it’s absolute madness
@@annabocca my employer has racked up close to a million in industrial strategy consulting this year. While it's a sane behavior to look for help when you need some, I would not trust anybody who doesn't own and operate a factory. No skin in the game. Paying someone to audit and crunch the data is okay, but if you need somebody to define your policy you have no business being Senior VP of a division.
So much money waste 😢 imagine if we spent that on feeding everyone / healthcare for all etc
The executives aren't clueless, they are cunning. Not intelligent but cunning. They know if things go south, they blame won't be on them. And it's said that these same people get a backdoor entry into these firms when they retire, because they provided so much work and revenue for that consulting firm.
100% agree the revolving door effect in politics / exec positions / consulting is crazy
Because hot air has become more important than actually doing stuff
Consultants are nothing more than paid mercenaries in a suit.
agree haha the 'how to dress like a consultant' vids and posts also kill me everytime hahaha
I cant wait to show this to my consultant dad and friends
Hahahaha me neither! Please tell me what they said! Because according to my RUclips stats mostly 24-35 year olds watch this so I’d love to have more diverse opinions from people who’ve been in the industry for decades
Tech consultant here. Im rubbish at power point. But clients pay me because 1. There is a shortage of tech professionals in general.
2. They pay us to research into things like AI at a cheaper price than investing into R&D thenselves.
3. Im cheaper than hiring full time employees in some situations.
4. If i dont deliver they can drop me more easily.
5. If i quit/get fired the cost and responsibility of replacing me is on my consulting company. Not the client.
Nothing against regular employees. I just think consultants can and do offer real value. That being said there is alot of nonsense in the industry too and it does need correction.
Yea a few consultants know their shit but there’s a lot of power point bullshitting going on
@@annabocca very true. I kinda feel clients have wised up to that abit and they demand measurable outcomes. But yes theres still a lot of blagging
@@annaboccaI am yet to see it in the tech specialist space and the same goes for a number of other specialist consultancy areas. The problem is you worked in generic "business management consulting" which is just basically sales.
I recommend you actually find some specialist consultants outside of the big 4.
@@SurmaSampo But this is a critique of the big ones, isn't it?
I'm an architect but mostly into the stock market, because I'm interested in the bigger picture and the interconnectedness of various fields. Because a thousand things can affect a stock or the overall market.
Basically I love researching about all these things. I'm generally a very curious person and I'll research anything and everything. I willingly take a deep dive into the rabbit hole. But would a consulting company hire me without degrees in management, finance etc.?
Yass your series has been validating for me as i just recently quit this industry. So looking forward to your thoughts on sustainability consulting!
LOVE IT! What did you consult on ? My last consulting gig was as a ‘sustainable finance consultant’ hahaha
Used to call our shredding machine Arthur Anderson in the audit office.
This is legendary. Honestly best thing I've heard today I think
Really nice to see a RUclipsr skyrocket
I got your video recommended and can only congratulate you on it
Your way of storytelling is so wonderful
And the topic being really interesting helps a lot
awww thanks so much!!! means a lot and put a huge grin on my face being called a skyrocketing RUclipsr hahaha wouldve never imagined this in my wildest dreams :D
Demonstration of the front-line of consulting in real time during first half minute: self-absorbed, not realising she's in a bubble, selling irrelevant statistics as bits of wisdom
About a video about neoliberalism: DO IT
DO IT
DO IT
hahaha its in the workkssss!!! :D Will be the next one after making the last conslutting vid of the series
oh sick your production level also grew by 925% this video is crazy good! And a nice place for people to come together and hate on consulting 😎
Awww thank you Ludwig!!! I would've never started this channel without you! Finding your videos is what prompted this channel
Wow the quality is so good! Definitely subscribing. This kind of production quality is 100k sub territory
Thanks so much! Suuuuper kind comment put a huge smile on my face!!! ♥️♥️♥️
That you can easily fire me was one of the main selling points that got me gigs.
😂
This is a really great video!
I particularly love the part about "if you study business administration or management" essentially equating to having studied "soft skills".
I did English and Physics in undergrad and remember how everyone would tell English students that they have a worthless degree, yada yada yada. Meanwhile something like business admin is held up as a "worthwhile" degree. In the end, the English students can end up with the same soft skills, if that is something they are interested in. At the same time, if they do their job well, they also learn to draw lines between various sources of information and synthesize knowledge in a skillful way, which should make them great candidates for so many different jobs...
100% agree I did psychology at uni and ended up working in finance consulting lol proof it’s all just soft skills
@@annabocca Most people I know who ended up in consulting firms were my grad school friends. We did, broadly speaking, statistical modeling of complex systems and computational neuroscience. I had assumed for the past 5 years that "consulting" refers to people teaching others how to use complex statistical models >_<
Turns out, a person can live to their mid-30s and not know anything. I stayed in academia, which means I was extremely sheltered from real life. As I kept hearing about all of these former students who are "in consulting" and who definitely weren't in a position to teach anyone about complex dynamic systems, I finally decided to learn what it really is.
I wasn't sure who to consult about this phenomenon...
Hahahaha love it ♥️ well glad I could consult you on this
Thank you for bring Consulting scam into the light for the regular jacks and jills to see what a bag of hot air it is.
haha anytime :D glad you liked it :)
Great video. I would appreciate if you could kindly focus on the audio quality and remove the background music. The content in and of itself is interesting without the soundtrack. I found myself pretty distracted honestly.
Ohhhh interesting feedback… I thought the music made it better because it makes the viewer emotional and when you attach an emotion to something you usually get better learning outcomes… but okay noted, will try to make audio better and less music
@@annabocca I don't know, maybe I'm in the minority? 😅 But thank u!
Every feedback helps and unless I hear from someone that they LOVED the music you are definitely not the minority because you were the only one even talking about music :) so thanks for taking the time to comment so I can improve ♥️
I agree, content is great but audio makes is too busy. Maybe something more subtle or just having sound here and there would be better.
Thanks for the feedback!!!! Means a lot!
Thank you for exposing all consulting does and is. As a master student in engineering it just breaks my heart when I hear about students who get employed by the big consulting companies.
So much talent wasted on Power Point presentations. They essentially are not gathering any new skills apart from management and frankly bs-ing their way through.
9:35 yes, I would love a video about the gold standard
10:57 Ditto but for financialisation
13:28 ah, hooks nicely in to increasing shareholder value and the stupid business idea of having that as the main goal...
16:08 ooh,I bet that repository would merit a whole video of it's own😂
Also while we're sniping; love your handwriting and your use of it in connecting the dots.
And music choice is excellent.
thank you so so much for the kind feedback!
Yes please on that Dollar Standard separation video, I've been curious about the dollar standard concept in general for a few months out of randomness and would love to see a series from you given the last 2 videos around the Consultancy Industry. Also, great work on these 2 videos. It randomly popped up on my feed and who would've thought YT can actually give proper recommendations for once XD
Will make it! :) Uhhh and yea maybe I should make a series about it instead of just one vid - will ponder it :D
@@annabocca I'm sure the current "Conslutting" series is taking a bit of your time anyways ;) So no rush but it'll defo be an interesting topic uh.... at least to one person :D
It's wild to think people still send those types of emails today! Thus proving the point that they don't really understand how technology and their cost saving recommendations work.
Hahahahaha so true! Back at my old firm a lot of the partners didn’t even know how to export a PowerPoint as a PDF and would email it to their underlings for them to do it for them 😂😂
Diversified investment strategies are all fine on paper but they create firms that are literally have no ownership.
That is the root cause of incompetence at the board level, thus at C-level, then throughout the entire management organisation.
Of course they need someone to hold their hands, basically they need babysitters. That's how the consulting industry grew so much. 🤢 More client firms without effective ownership. 🤦🏻♂️
YASSSSS I AGREE SO SO SO MUCH WITH THIS!!!! This whole rise of passive investing into ETFs is crazy in that sense! Was also thinking of maybe making a vid about it further down the line ♥️ thanks for bringing this up!!!
I honestly think you could have a real shot at being a youtuber, considering the quality of your videos.
Well done, informative and entertaining.
I hope you will keep this up even if things don't work out with the jewelry.
I personally don't do jewelry, but I might see if I can buy some as presents soon. (:
EDIT:
The videos you suggested, honestly I'd watch anything as long as you are excited to talk about it, you really pull me in by doing this.
Thank you so so much for your super kind words! ♥️♥️♥️ will definitely continue making videos enjoy this way too much!
And thanks so so much for the support! Really means so much to me! ♥️🥹
Everyone is a consultant because business leaders who are not qualified to hold the positions they have are mystified by the allure of consultant groups thinking that because everyone else pays them millions of dollars they should too. They then hire these groups to cover for the fact that nobody who can actually recognize talent is in a decision making role, so they want somebody else to do it for them. You may think I'm being hyperbolic but if I slapped this into a PowerPoint, chucked in some 3rd grade level linear regression analysis, and slapped BCG at the top, you'd already be cutting my 6 figure bonus check.
hahaha completely agree :D
What a great video. B-roll is really nice but maybe not so necessary, your charm is what will keep me coming back to this channel, you could just be talking at the camera. I'm pretty sure you have very different politics from me but I'm subbed and excited for the next one.
Honestly this comment put a huge smile on my face I love that you think we have different politics but agree on certain things. I think people should be way more open minded and not always put themselves and others in the right/left wing boxes a because it also leads to people just following their peer group and not thinking for themselves. LOVE THIS COMMENT AGGHHHHH ♥️♥️♥️ I tried without the b-roll before and people aren’t nearly as engaged tho :/ but really kind you would do with just my talking head haha
Just want to say this is a very well made video. Excellent transitions :)
Thank you
Consulting is just hiring temp management analysts. They hire permanent analysts too. They just assist with project management and deliverables to get something done faster.
Yea only sad thing is governments are paying exorbitant sums to consultancies instead of just employing people themselves to do the work would be way cheaper and also that way the government would also get to keep the learnings and capabilities - it’s so important for organisations like governments to learn
fair point. @@annabocca
its called ram rodding crap apps and platforms (SalesForce, apps, HRIS ADP, WorkDay, ServiceNow etc in
scams at employee and citizens expense while huge pay & bonus for mgt- sick
bad
"Why is everyone a consultant?"
Because it requires no practical expertise to make recommendations when there's no consequence.
Haha agree 😂♥️
Again a very interesting and informative video...
But damn! The production value skyrocketed! The b-roll, self-filmed b-roll, and overall editing... Amazing work!
Ahhh thank youuuu means so so much!!! I bought a new camera and lens and a proper mic and taught myself Premiere pro instead of using rush/capcut desktop and recording on my phone. And I watched a ton of Gawx Art‘s RUclips videos for editing inspiration - his filming/editing/production value is INSANE so if you liked this you’re going to LOVE Gawx Art. Anyways thanks so much for the comment. I put so much effort into this one so really means a lot when people notice ♥️♥️♥️
at 4:00 "the one right way" became the principle of education that churned out graduates who believed themselves destined to be consultants
100% agree it’s so sad how that evolved into fordism etc and stuff that is still taught even though science has completely debunked it
@@annaboccahave you read The Managerial Revolution by James Burnham? 📚
Not yet but just put it on my goodreads :D it sounds pretty interesting and a little like bullshit jobs by David Graeber (also great book!)
"The invisible hand of the market".. Whenever I hear this phrase in good faith I sigh at a unaware zealot..
Saaaame hahaha it gets my eyes rollllllling
Consulting should be used with caution. An experienced executive will know when to use them and when not.
100%
I stopped watching at literally everyone at 0:04 . Not literally everyone works in consulting, in fact billions don't
Ok thanks for giving me feedback. I maybe should’ve used the word figuratively instead of literally. Have a lovely day :)
Remember: Anna wasn't terminally ill either.
Lady, the lords of YT algorithm are working in your favour.
Keep riding the wave with more quality content :)
That's the plan! Haha ♥️ need to pump out more content but the research just takes a lot of time but doing my best!
It's funny when they try to consult you but don't even have their shit together it's a scam for sure.
There was a sort of consultancy firm run by students at my college. I decided to participate because I thought it would look good on my resumé. The first thing they taught newcomers was how to lie and deceive clients with BS. That's when I learned what most of consultancy is all about. I immediately quit and never looked back. Now I work an actual job!
good for you!!! What do you do now?
@@annabocca Software engineering. It's great to feel like my work creates actual value to people, as abstract as it might feel sometimes.
Ahhh wish I knew code 🫠
@@annabocca It's a skill that takes a lot of time to master. There are plenty of resources online, though. If you want to learn, freeCodeCamp is a nice place to start with hands-on projects.
Consulting companies are lobbyists, we very well know the biggest one out there.
Very much agree! It’s also really spooky how they have their fingers in politics. Eg Martin Elling from McKinsey was a big time donor to the democrats www.businessinsider.com/mckinsey-company-oxycontin-democrats-biden-donor-martin-elling-purdue-pharma-2021-2 the circular door of consulting and politics is disgusting
Because back in the 2000s we were all psyoped into believing professional careers were "it" and superior to technical careers/learning a trade.
100% agree! The amazing book bullshit jobs by David Graeber talks about that! It’s an absolute gem!
Might in fact actually make a dedicated video about it
@@annabocca Banger book. Anyway, this is partly cope since I and several of my colleagues in polisci have a hard time finding jobs that are not consulting or advisory.
Ah man feel you so much!!! Yeah it’s hard to land a meaningful job these days 🫠
The soundtrack and the editing of this video are next level. I find that suspicious.
Hahaha thanks - I watched a bunch of Gawx Art videos he’s amazing and got inspired :D also life of Riza really helped :D
Good video. Eye opening too. And frankly, anytime you have to ask 'Should I make a video about that', the answer's probably yes. Looking forward to where this is going.
Thanks so much! ♥️♥️♥️
I work as a part-time consultant and TBH, I don't know what else to do. No one would hire me without experience and the only people that would hire me are the ones looking for my expertise and knowledge (basically consultancy services). It's not a job I'm interested in due to lack of growth and not enough projects to financially survive. It's more of a side hustle at this point while I keep looking for other stable income sources that would enable me to pay for my daily needs. Wish me luck, everyone! 🙏🙏🙏
You have to ask the consultants.
For a meeting.
To answer this question.
:D
I mean RUclipsrs and influencers are basically “consulting” you on how to live your life, what to like/dislike. It’s Al under the same umbrella
Ahhh yes but that brings us to the question if there’s even such a thing as a free will
I feel like a mentor is the better version of a consultant. Mentors are not just looking for money, actually have experience and actually want to help you.
A mentor is kinda hard to find, though.
Yea fr would love a mentor guiding me through this confusing time in my life hahaha
God bless you young lady - I am a 64 year old physicist-engineer who has seen parades of these bullshit artists go by even in the various STEM outfits that I has worked for. The older one are especially tricky as, due to some psychological factor due to that age, people instinctively rate them more trustworthy.
best regards,
DKB
Makes me really happy, that this resonates with you and its not just people my age who think this way! :) hahaha and love the wording 'parades of bullshit artists'
More people want to tell other people what to do rather than doing it themselves
100% haha execs getting paid loads to hire consultants is such a jokkkkeeee
I'll consider myself consulted on this topic.
First time I ever consulted someone on something useful haha :D
The gold standard. This is it. This is how the whole world economy became a credit card. I think it started in 1913 with the 13th amendment which either softened or did away with the gold standard in part. Contemporary economies print credit, loan it out, then it circulates into the hands of those that can actually make a profit with it, which causes inflation everywhere, even at the lowest levels, then interest rates go up to throttle that cash (credit) flow. While that is occurring, the debt that is being loaned out depreciates for most investors who are cashing in, but when it's over, everyone on the bottom has a bad hangover because their dollars are not worth as much as they were when it all started. To be sure, their mortgages are depreciating, but their credit cards and costs of goods generally all went up during this process. So a debt cycle is a scramble to make profit out of credit before it gets sucked back out of the economy. Poor people don't have very good access to credit, so they cannot benefit except in the short term. Over decades, this pulls all the wealth upward. Have you already done a video about this?
Can we really call this neoliberalism? Fukuyama-ism? What is it??? Current discourse everywhere touts 'capitalism' as the demon eating the world currently but I think that term is far too vague to be meaningful at all. Aristotle pointed out that it's not any system itself but a corrupted implementation of it that causes these types of problems.
Noo I haven’t done a video on it yet I’m planning one :) and thank you so so so much for writing down your thoughts on it! Will definitely take a look at it again when researching for the new vid!
@@annabocca
Its a conspiracy theory.
Gold standard is a crazy idea
I think you have already mentioned most things there are to know about this topic.
It's economic cycles or boom and bust cycles. Easy money or bearish high interest rate environment. You're also right that often these cycles lead to huge wealth transfers of wealth to the top.
And yes, it's mostly due to removal of the gold standard. The central banks are not allowing economic cycles to play out naturally. Something like the great depression was natural. And it was BAD. And lasted for a long time. But people don't want pain now. The Central banks will be quick to alleviate it by throwing money at it. But all the excessive money stays in the system and inflates things. And no president/government wants to reduce the balance sheet in their tenure. Everyone wants to economy to flourish, markets to touch new highs in their tenure. So they keep kicking the can down the road. And that's why, it's much more difficult to house a job with two people in white collar jobs than it was for a single earner doing a blue collar job. With a debt of 30 trillion dollars in the US, money is barely worth shit and purchasing power keeps decreasing.
@susomedin5770 I’m not saying returning to the gold standard is the solution not at all but I think we should view more critically that Nixon detached the dollar from gold WHILE all other currencies were tied to the dollar because worlds reserve currency. Will phrase it better next time
@danlightened YESSSSS totally agree!!!! The amount of debt is insane! And the financialisatikn of everything has made everything so much worse but u still want to make a dedicated video about it also about the dollar being the worlds reserve currency and what it means when the fed prints money vs when other currencies are being printed
that intro was ICY!!!!!! 🥶🥶🥶
Did at least 7 takes for it lol
Ever noticed how almost every Swiss person is a consultant? 😂
Saw a comment asking for a video on neoliberalism.
Here's mine, asking for one on the derivatives market ;)
Cool delivery. Timeline and drawing help. The few comments, off-topic or about your breadcrumb, make you personable and likable (couldn't even see the breadcrumb, but I am on night mode with low brightness lol).
Looking forward to seeing more content from you, Anna :)
Will definitely be making both!
And thanks so much for your kind words and also not noticing the crumb hahaha ♥️
When i graduated with Masters in Operations Research from UT Austin in 1996, the best definition of my professional career was given by one of my professors. "Consultant is one who tells you the time by looking at your watch and then walks away with your wife ". Fuck i enjoyed my job!
Hahaha cool professor ☺️
Man, I'm crying. 😂😭
This is truly excellent work, good job putting all this together ❤
Thanks so so much! Means a lot! ♥️
To say all consulting is a scam is a bit naive. You’re talking mainly about management consulting, which is quite different to engineering, software, environmental, legal etc.
agree, there are few consultants who actually know their shit. But ESG consultants are definite bullshitters too :D
As a former consultant, I do not disagree.
Haha so many consulting dropouts here in the comments. Love it! ♥️
Brains for hire was a nice way someone summed it up.
We do anything, just depends if they’ll pay us to do it.
Yea Problem is the partners literally lend out the ‘brains/powerpoint makers’ to anyone who’ll pay enough that’s why it’s usually big oil/pharma/arms industry paying. Or the government 😭😭😭
It's adorable that you assume these guys all have brains. The salespeople are certainly smart enough to keep running a con that's gone on for centuries... but the mercenaries carrying out the mission are (in my experience) a very mixed bag. Just look at how much these firms pay their analysts. It's not even remotely competitive to the actual experts in the field; not even competitive to those in academia, or the median wages for anyone applying the same skills elsewhere. She's hit the nail on the head: a slurry of buzzwords, PowerPoint decks, and an endless onslaught of corporate doublespeak is the formula they sell so that their clients can justify what essentially boils down to self-serving financial violence.
23 year old inexperienced brains
@@Crates-MediaSure, but that is only about 1/3 of consulting companies or less. Part of the problem is people think all consulting companies are just copies of the big 4.
The person who makes the video may have worked at a report mill but most consultancies do actually provide specialist value, especially outside of her cost accounting niche.
Actually apart from my job at EY I also worked for a small so-called boutique banking consultancy in Frankfurt and I found it to be PowerPoint bullshit as well and they wanted me to do real immoral stuff that sadly would get me sued if I were to share it 😢 but I still agree with you that there are consultants who can provide value. They are just few.
You clearly put a ton of efforts on videos quality, well done !
I would suggest investing in a better mic though, the sound quality make the video difficult to understand for non-native speakers like me.
Also avoiding a cut every 2 secs in the face cam sections would be great 😅
Thanks will do!
❤❤❤
ESG Anna, that one is Gold, super looking forward to it
You are awesome at this and please keep going 💐💐💐
Thanks so much !!! Yea I’m really excited about making that one as well and thank you so so much for this sweet comment!!! ♥️
Nice to see this video taking off. I hope you'll find encouragement to keep going with RUclips. I worked as a Consultant until 2021 and couldn't be happier to have left this bullshit - filled with buzzword bingo and fake people.
Apart from the very interesting and thoughtful content, one got to appreciate the cinematic quality! Top notch :)
Awww thanks ♥️♥️ much appreciated comment! Am an editing geek as of the last two weeks
Hey. I just came across your channel because RUclips recommended this video to me, and I’m subscribed because I want to see more of your criticism of consulting 🤩
For what it’s worth, I’m studying computer science (with a concentration in data analysis and a minor in maths), and I’m hesitant to get into computer consulting until I get at least 5 years of experience in a computer based job. But yeah, I’m now more sceptical of “big consultation,” and honestly would rather work in Research and Development (I don’t foresee my research being anything “spectacular”, but small increments in research that give positive value is still better than big consulting ;-)
It’s sad because a lot of bright minds are being lured with cash to what’s basically a cash$cam; hopefully society can fight back with small & decentralised non-profits/mutual aid groups/etc.
And yeah, thank you for them insights!
Your videos are top notch, keep up the good work
thanks so much
After Interning at PwC I'm now convinced that the industry is just another money laundering scheme and a way to reward political friends😅No one is stupid enough to buy what we were selling.
**The videos are awesome(had to subscribe)but please reduce the background music volume, it's quite distracting. Awesome content, love it**
Absolutely right about the reward political friends!!! But it goes both ways the political friends of the partners also reward partners with hiring them for government gigs 💔
Can you elaborate on what you were doing?
@@annaboccaI heard middle and upper management themselves get hired by these companies as a kickback for bringing them massive revenues when they had hired them.
Also, the top people at Goldman Sachs and such, apparently get to become CEOs of companies and also the regulatory body regulating that company. For example, CEO at Pepsi and their friends in FDA.
Love how dedicated you are and yes!!!!! Also look at the CEOs of regulatory body’s like the IFRS etc
Worked for EY as a finance consultant and then a quick stint at a smaller banking consultancy in Frankfurt - same bullshitting everywhere
Everyone? Never met one before. I would've thought its a rare job.
Or only existed in TV and movies.
oh the corporate world is full of them - lucky you you havent met one yet
It's also very much easy money instead of retiring.
The outsourcing of government to the big four is why they grew so big. That, and the fact that they advise government on policy (taxation being a big one) then advise their clients on how to skirt the regulations they advised on. I spent a few years working for one (through an acquisition) and could not wait to get out.
I agree so so much with this!!! How they're literally working for both sides is insane. Would love to make a video about the tax side too, but I didn't work in tax - would love to talk to someone who did. Could you maybe drop me an email: anna@the-squid-studios.com, so we can talk? :)
It shows how much waste & inefficiency there is in corporate structures. You are absolutely right, a scam.
Yea 💔 the worst thing is when it happens in government though and they hire consultants and the taxpayers money gets wasted
The true nature of the consultant firms are as fronts for intelligence gathering, money laundering, influence peddling and imperial tribute extraction from foreign companies. If you weren't doing work on behalf of government then you were just part of the front that masks the truth.
Cool content! But please make the background music a bit quieter in the next videos as it it’s louder than your voice in some parts of the video 😅
Will do!!! Thanks so much for taking the time to give me feedback! It helps loads and I'll definitely tone the music down next time
i concur
this is such a good video, I think you did a great job, I've always wondered why they were everywhere and sure enough, it coincides with neoliberalism and financialization. Can't wait to see more
Thanks so much!
If you're a skilled product owner and work on projects from start to finish, consultants are the values that kill the life or if anything you do.
100% agree I feel like taking responsibility is so important!
Subbed. Thank whoever makes those ridiculous/hilarious thumbnails.
Hahaha that would be me making the thumbnails :D
Some of the nastiest corporate filth are in consulting.
Excellent video, great points! And your hair is awesome! :)
Awww thanks so much!!! Haha and thanks about the hair comment got a little self conscious about people labeling it as distracting haha
Your next video: Why is everyone a podcaster? Podcasting is a scam!
What makes you think that? :)
Hi, love the video!
If I could suggest slightly lowering the volume of the music, it would make your insightful commentary easier to follow.
Thanks and looking forward to future videos
Thank youu!!! noted! will tone it down in next video :) thanks for the feedback
insurance industry is a good example of consulting scams and pay and CEO comp abuses
bad industry calling it “accounting and cybersecurity and Risk Management just exploiting customers and ESG scams
100% agree!!! Yeah a vid about insurance would also be so cool actually aghhhh I'm getting so many cool video ideas from all these comments! Thanks for taking the time
@@annaboccaDO IT :D
I'd be interested in this topic as well❤
haha great! I've been meaning to learn more about insurance anyways, hasnt been my focus I used to consult banks, not insurers but know theres defs a lot of shady shit going on
@@Markbenwisch data abuses, price gouging, employee data abuses, risk management and underwriting “AI”
and micro service anuses and scam Industry wide “Insurance Score” data abuses
@@annaboccaA good video can be how real estate moguls, banks, wall street Bros, insurance companies, credit rating agencies all colluded together to inflate the housing market in the US from $1 trillion in 2002 to $50 trillion in 2008 before the sub mortgage bubble burst.
The algo sent me this. Amazing editing, quality and very interesting. As a former management consultant ill tell you for free. Its all bullshit. It pays well. I promise its bullshit.
Thank you!!! ♥️ glad we shared that impression from our time in management consulting
Outstanding work!!! I'm thrilled what happens when you touch the Atlas-Network.
This video is crazy high quality
Thanks so much means a lot because I put lots of effort into it ♥️