QuantumBlack by McKinsey Questions
What is the career progression for a Consultant at Quantum Black?
As far as I am aware, work is split between traditional consulting and actual programming. I’m wondering how the career progression compares to ‘traditional’ consulting in terms of compensation, exit opportunities and overall type of work. Also interested in how you think the business will develop over time.
I’m based in the UK, so would prefer figures for here if possible. I know the entry level position (‘Data Scientist’) is pays around £10-15k more than a BA. Also have anecdotally heard of someone leaving for a proprietary trading firm, but not sure what position.
Thank you!
I don't know about QuantumBlack, but if you're interested in the buy side, why not go to Quant instead?
Not necessarily interested in the buy side, but I believe having strong exit opportunities is always great in the sense that it will keep as many doors open as possible.
Regarding why not quant, whilst I am studying Maths with CS at a great college, I don’t think I am technically strong enough. I instead believe my skillset is where technical and ‘soft’ skills crossover, so something like this is super interesting to me.
People will heavily protest, but the naked truth is that these propositions have largely failed. There is not enough demand out there for these guys to be sizeable on their own. This is also true for the BCG/Bain equivalents (and BCG has significantly cut headcount in these teams recently). At the end of the day it’s fairly niche and besides airlines and pharma the use cases where clients want to pay for this are limited.
Instead what has been happening is that these teams are largely used as a marketing tool (AI yada), as bolt-on team capacity and as internal tool developers.
This matters if you work in one of these teams on the client facing stuff (the internal tools are all b/s by and large). You’ll often work for the ‘consulting team’ rather than the ‘analytics team’, and be seen as a support / small module of a large project rather than anything else. As a result the work is relatively bitty and not as challenging as advertised.
I’d highly encourage you to choose whether you want to be a consultant or a software engineer, and commit to that path. Either choice is fine, but it’s always better to be a ‘first class citizen’ in an organisation.
Thank you.
This is a bit disheartening. My reason for being interested is that I consider myself to be a ‘jack of all trades, master of none type’. I don’t think I would be the best software engineer, neither do I think I have the best ‘corporate’ soft skills, but am pretty good at both.
Do you know a career I can pursue that matches this?
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