Since many consulting projects will directly impact a corporate's financials, I'm wondering whether financial modeling is largely applied in consulting. Taking a market entry or M&A project for example, how would the consultant gain a concrete result without building a comprehensive financial model?
I'm asking this question because consultants are from various backgrounds, and financial modeling doesn't seem a skill highlighted by consulting firms. Is it because consulting firms have specific teams that do the financial modeling work, or do they outsource these works to big fours or investment banks?
Thanks for your reply!