Source: NYT > Business (paywall)
The traditional consulting apprenticeship model—where firms built competitive moats through exclusive access to junior talent—is fracturing as AI startups poach entry-level hires with equity upside and technical credibility that McKinsey and BCG can't match. The shift runs deeper than compensation. Junior strategists and operators now view AI companies as innovation centers, not consulting firms as the filter that shapes how businesses think. For consulting firms, this creates an immediate bench problem and a longer strategic risk: losing the feedback loop that keeps them attuned to where their clients' future problems actually live.