MBAs and Advisors, Is Your Nuclear Winter Looming?
May 31, 2023
![Vea4_thumb_thumb_thumb_thumb_thumb_t[1]_thumb](http://arnoldit.com/wordpress/wp-content/uploads/2023/05/Vea4_thumb_thumb_thumb_thumb_thumb_t1_thumb-13.gif "Vea4_thumb_thumb_thumb_thumb_thumb_t[1]_thumb")
Note: This essay is the work of a real and still-alive dinobaby. No smart software involved, just a dumb humanoid.
Big time, blue chip consulting firms are quite competent in three areas: [1] Sparking divorces because those who want money marry the firm, [2] Ingesting legions of MBAs to advise clients who are well compensated but insecure, and [3] Finding ways to cuts costs and pay the highly productive partners more money. I assume some will disagree, but that’s what kills horses at the Kentucky Derby.
I read but did not think twice about believing every single word in “Amid Mass Layoff, Accenture Identifies 300+ Generative AI Use Cases.” My first mental reaction was this question, “Just 300?”
The write up points out:
Accenture has identified five broad areas where generative AI can be implemented – advising, creating, automation, software creation and protection. The company is also working with a multinational bank to use generative AI to route large numbers of post-trade processing emails and draft responses with recommended actions to reduce manual effort and risk.
With fast food joints replacing humans with robots, what’s an MBA to do? The article does not identify employment opportunities for those who will be replaced with zeros and ones. As a former blue chip worker bee, I would suggest to anyone laboring in the intellectual vineyards to consider a career as an influencer.
Who will get hired and make big bucks at the Bains, the BCGs, the Boozers, and the McKinseys, et al? Here’s my short list:
- MBAs or people admitted to a fancy university with super connections. If one’s mom or dad was an ambassador or frequents parties drooled upon by Town & Country Magazine, you may be in the game.
- Individuals even if they worked at low rent used car lots who can sell big buck projects. The future at the blue chips is bright indeed.
- Individuals who are pals with highly regarded partners.
What about the quality of the work produced by the smart software? That is a good question. The idea is to make the client happy and sell follow on work. The initial work product may be reviewed by a partner or maybe not. The proof of the pudding are the revenue, costs, and profit figures.
That influencer opportunity looks pretty good, doesn’t it? I think snow is falling. Grab a Ralph Lauren Purple Label before you fire up that video camera.
Stephen E Arnold, May 31, 2023
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