Management Consultants - overcharging for Juniors?

Why would any sane Management engage Consultancy firms that charge them exorbitant hourly/daily rates but have the work done by juniors that have no relevant front-line experience in the industry? A fresh pair of eyes? Top Management often neglects the experience of those already working in the firm. Hierarchical thinking prevents feed-back from those that often see problems and how to resolve them at first hand. And what is the trackrecord of firms such as McKinsey? But of course, no one ever got fired for hiring IBM. But that it is in many cases an ex-staffer hiring his old firm - should that not cause alarm bells ringing? Was there a proper beauty parade before a firm is hired? And was there an inquiry that proved it was absolutely unavoidable?

McKinsey jetzt auch bei der Saxo Bank