> it is likely delivering some value to someone who is willing to pay for it.
I'm suddenly curious whether / how many of McKinsey's actual customers have a child in an MBA program that McKinsey recruits from. Get your company to spend money for a particular consulting firm, and then use that relationship with a particular consulting firm to get a leg-up for your kid?
Are there processes in place at the large consulting firms to prevent this sort of quid pro quo?