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Hello everyone,

I'm currently interning in Big 4 Consulting, in the Europe, and from the discussion with the managers, it may be possible to get to an FT position later on.

I like my current firm apart from the fact that they don't really train juniors and there are quite a lot of operational projects.

I'd like to hear your opinion on staying with the firm or on going for a 1 year MSc in Management at a top 10 EU university and then trying to break into MBB.

Thanks in advance.

Comments (10)

  • baykus's picture

    A 1 year MSc in management is money down the drain. The only management degree that adds to your MBB chances is an MBA.

  • In reply to baykus
    fours's picture

    baykus:
    A 1 year MSc in management is money down the drain. The only management degree that adds to your MBB chances is an MBA.

    You are probably talking about the US recruiting.
    Msc's add value or are pretty much a prerequisite for most positions in EU.

    OP, Imperial/Warwick's 1yr Msc won't add much and firms hire mainly for regional offices from other top schools.

  • G.M.Trevelyan's picture

    Yeah is that true? Give us a link. What a load of sillyness. MScs enable you get to get a PhD later on -- not have access to larger recruiting pool -- even in Europe.

  • In reply to G.M.Trevelyan
    marcrich's picture

    Yeah is that true? Give us a link. What a load of sillyness. MScs enable you get to get a PhD later on -- not have access to larger recruiting pool -- even in Europe.

    Yes, I can confirm this. Without a Master's degree you can't apply to most of the good jobs in Europe and will generally be disadvantaged. From my experience, more than 90% of my fellow students started their Master's studies within 1 year after completing their Bachelor.

    It's a different system where an MBA usually only adds value for non-business students.

    Not perfectly sure if all this holds true for the UK though, but definitely for continental Europe.

  • In reply to marcrich
    baykus's picture

    marcrich:
    Yeah is that true? Give us a link. What a load of sillyness. MScs enable you get to get a PhD later on -- not have access to larger recruiting pool -- even in Europe.

    Yes, I can confirm this. Without a Master's degree you can't apply to most of the good jobs in Europe and will generally be disadvantaged. From my experience, more than 90% of my fellow students started their Master's studies within 1 year after completing their Bachelor.

    It's a different system where an MBA usually only adds value for non-business students.

    Not perfectly sure if all this holds true for the UK though, but definitely for continental Europe.

    OPs questions was wrt applying to consulting. For analyst positions a master's holds little usefulness, as you will mainly be judged by the school you went to and your achievements. Few of the BAs I know have masters.

    Outside of consulting I tend to agree that masters has become the new bachelors.

  • Pedestrian's picture

    In Germany Master's are still standard with Consulting companies such as McK encouraging people to get a PhD (or MBA when from unrelated disciplines) after a two year stint.

  • In reply to G.M.Trevelyan
    atleastimnotabanker's picture

    G.M.Trevelyan:
    Yeah is that true? Give us a link. What a load of sillyness. MScs enable you get to get a PhD later on -- not have access to larger recruiting pool -- even in Europe.

    At least 90% of the consultants that started with me had a MSc. If you don't plan on staying with Big 4 consulting in the long run and you want to stay in Europe, get the MSc. From your Big 4 position, it will be very difficult for you to get into a good enough MBA program so that you can transfer to MBB and it will take a lot longer than one year.

  • EE_cons's picture

    Hello again everyone,
    Thanks for all your answers. I'm especially glad to see that it wasn't just me who thought that MSc Degrees are a prerequisite for MBB in Europe. As "atleastimnotabanker" and "marcrich" said, I also believe that you can't really get into MBB w/o a presigious MSc.

    That being said, to be honest I don't really think that I would get too much knowledge from a 1 year MSc. which would be transferable to MBB. Especially considering the training that MBB puts you through.

    I was also wondering if it wouldn't be easier to stay 2 years in Big 4 consulting and then transition to MBB as an experienced analyst. What do you guys think? Is it possible to get into MBB from Big 4? especially considering the differences between consulting projects.

    What I also found interesting was that you guys think it's quite hard to get into MBA from Big 4 consulting. With regards to this, what profile do you think would have better chances:
    1. 26 year old w/ a couple years of undergraduate work experience of and 4 years of Big 4 consulting experience (of which 7 months internship).
    or
    2. 26 year old w/ 6 months internship, 6 months Big 4 consulting, 1 year MSc and 2 years MBB.

    That's the end of a too long post. Thanks again for your help. It's of great value to me to hear your opinions.

    Cheers

  • t-jfk's picture

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