I think it would be extremely unlikely for this to happen. However, what could definitely happen, depending on the firm/office, is that you enter at a graduate level but get a fast-track promotion. I know some experienced-hires at Bain that were hired as Associate Consultants and were promoted twice in the space of 1.5 years.
I would generally agree that some time to learn the foundations would be very useful, even if you have lots of previous experience. Once this is nailed, your previous experience will help you excel among your peers.
Hope that helps!