From one chair I run B:Side Capital, a 35-year-old lender that has approved 5,500 small business loans. From the other I teach entrepreneurship at ASU's W.P. Carey School of Business. Same person. Two views of the same trend.
What I see from both chairs: the rungs are gone. Entry-level analyst work, junior associate work, first-year consulting work, the grunt work that used to turn a smart graduate into a capable professional over 18 months. AI ate most of it.
The students who thrive now are not the ones who memorized the Big Four playbook. They are the ones who can show up on a real client call, ask the right question, and earn the follow-up meeting. That skill does not come from a lecture. It comes from doing the work next to someone who has done it.