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Freakonomics Radio

102. I Consult, Therefore I Am

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 21 November 2012

⏱️ 36 minutes

🧾️ Download transcript

Summary

There are enough management consultants these days to form a small nation. But what do they actually do? And does it work?

Transcript

Click on a timestamp to play from that location

0:00.0

So Levit, between college and graduate school, you worked as a consultant.

0:13.1

Can you tell us a little bit about that?

0:15.1

I did.

0:16.1

I worked for a little company called Corporate Decisions England.

0:20.1

That's so amazing.

0:21.1

I'm so made up.

0:22.1

Corporate Decisions England.

0:23.1

CDI, and it was a Bain spin-off, which was later acquired by Mercer, and it had four

0:29.5

partners, and maybe there were 70 or 80 of us young people.

0:34.8

Was it a job that you were excited to get, or was it kind of a fallback?

0:39.4

No, it was a great job.

0:42.4

I had trouble getting jobs because I'd never really worked.

0:46.1

The fact that I had spent my summer in before my senior year of college when most students

0:51.8

were doing internships, I had decided the right thing to do was to go start a little horse-tracing,

0:57.6

gambling hedge fund.

0:59.1

To lose all the money of my investors in the previous summer, didn't really speak to

1:04.6

many of the employers.

1:05.6

So it turned out it was harder to get a job than I thought.

1:09.7

But the CDI, they actually took that as a positive that I'd had the initiative and the

1:15.9

hootspot to go out and lose a bunch of money at the racetrack.

1:19.2

Okay.

1:20.2

So you got a job at Corporate Decisions Inc. and what kind of consulting were you doing?

...

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