When I was in college, McKinsey was one of the name-brand, prestigious places students wanted to go and work after graduation. Now it seems to be the laughing stock. What happened?
MBB consulting is still a prestigious job for most students. It's probably not _as_ sought after as it was a decade or two ago, but I think most students at most business schools would be incredibly happy to get a job at McKinsey after graduating.
And I can guarantee that when you were in school, there were plenty of people who looked at McKinsey exactly like you do now. But most people don't form that opinion until they get out into industry and get exposure to management consultants in the wild.