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Wall Street Oasis » Forums » Consulting Cabaret
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Consulting Outside of MBB...how hard to get in, how good are exit ops?
 

wannabeconsultant's picture
wannabeconsultant
      CF
 
(Senior Monkey, 94
 
Points)
 on 1/29/10 at 4:11pm

Title basically says it. I'm at a non-target, so MBB is pretty much out unless I get very lucky or score some extreme contacts, so I was wondering how good some of the other firms are (such as Booze, Capgemini, AT Kearney, Deloitte, etc.) and how realistic they are from a non-target. If you want a description of my school, its on the west coast (not in cali mind you), enough of a target for Big 4 but probably a fairly big non-target for BB banking or many of the national consulting firms. So since there isn't real recruitment from even Accenture and stuff like that, is it still realistic to maybe get into these other firms? Finally, if I do get into one of these, is it good enough experience for M7 or top 10-12 MBA programs? My main goal at this point is to go to a legit MBA and get into McKinsey from there, so yeah.

thanks

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PiperJaffrayChiang's picture

I would focus on getting MBB

PiperJaffrayChiang
      IB
 
(Senior Gorilla, 765
 
Points)
 on 1/29/10 at 7:03pm

I would focus on getting MBB directly, else you'll have that 2nd tier consulting chip on your shoulder. everyone acts like MBB ain't that good when they're at 2nd tier lol, but inside they are crying.

a few 2nd tier is doable from non-targets (e.g. deloitte strategy + ops) > top 10 MBA

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ideating's picture

There's essentially good

ideating
      O
 
(King Kong, 1,548
 
Points)
 on 1/29/10 at 6:30pm

There's essentially good strategy focused non-MBB and everything else.

The good strategy non-MBBs are just as competitive to get into, sometimes even more so due to the smaller size of the analyst class (i.e. not as willing to look at non-targets). These are firms like Monitor, Booz/Katzenbach, Marakon, LEK, etc. Those firms have amazing placement into b-schools (anecdotally on par with MBB).

Then there are big 4 consulting firms, AT, Capgemini, etc. If you work there and do well, you have a reasonable chance of a M7 school and will be well positioned for MBB post-MBA.

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ihatemybabymama's picture

bump. would be interested to

ihatemybabymama
      CO
 
(Monkey, 36
 
Points)
 on 1/31/10 at 11:58pm

bump. would be interested to hear more perspectives on this. also, is it just that these firms place well (if they even do) to b schools because the people admitted into the analyst classes typically have good academic profiles? or does a firm at this level serve to compensate for less than stellar ugrad GPA (assuming good GMATs, recs, all else)?

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dagro's picture

at op: if you're near

dagro
      CF
 
(Gorilla, 508
 
Points)
 on 2/1/10 at 9:18am

at op:
if you're near seattle, try checking out PointB. sposed to be good life balance, good pay, focused mainly around seattle, however i got a feeling (maybe read somewhere) that they tend to recruit only experienced hires. check 'em out and see for yourself.

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In reply to ideating
PorcineAviation's picture

ideating wrote: There's

PorcineAviation
      CO
 
(Senior Baboon, 249
 
Points)
 on 2/1/10 at 2:36pm
ideating:

There's essentially good strategy focused non-MBB and everything else.

The good strategy non-MBBs are just as competitive to get into, sometimes even more so due to the smaller size of the analyst class (i.e. not as willing to look at non-targets). These are firms like Monitor, Booz/Katzenbach, Marakon, LEK, etc. Those firms have amazing placement into b-schools (anecdotally on par with MBB).

Then there are big 4 consulting firms, AT, Capgemini, etc. If you work there and do well, you have a reasonable chance of a M7 school and will be well positioned for MBB post-MBA.

Good post.

I largely agree. I don't think b-school placements from the other strategy houses are quite as good as MBB, but you're right about them being very competitive.

I would add that the annual M7 b-school intake dwarfs the annual strategy consultancy intake, and so your chances from those houses are good, especially as all the firms are very experienced in getting their consultants into b-school.

I think you'll struggle going from Big 4, tech consulting, etc. into a top b-school, but it's by no means impossible.

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wannabeconsultant's picture

Well, what MBAs will allow me

wannabeconsultant
      CF
 
(Senior Monkey, 94
 
Points)
 on 2/1/10 at 8:48pm

Well, what MBAs will allow me (outside of the usual suspects...read M7) a good shot at getting into MBB after my MBA and will still have a good enough name for me to exit as a high ranking officer for a corporation. The ultimate goal is to become a high ranking officer after working in consulting for a bit, so in case the top MBAs don't work out, is there any slightly less competitive options that will still give a shot?

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In reply to wannabeconsultant
ihatemybabymama's picture

Booz is the firm with the

ihatemybabymama
      CO
 
(Monkey, 36
 
Points)
 on 2/1/10 at 9:38pm

Booz is the firm with the best industry exits outside of MBB hands down (check their website or wiki for reference), and in fact their industry exits are near comparable to BB (they have CEOs at Pepsi, Harper Collins, Siemens, Medtronic, the president at United Tech and the Barclays COO).

PE is another story entirely - way better to be at LEK, Monitor, or Parthenon (if you have to be outside of MBB). also, these firms seem to offer better culture/environment etc. i was making decisions in this tier and found monitor to be the best, but can't deny booz their ridic ability to outplace into industry.

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ideating's picture

It really depends on context.

ideating
      O
 
(King Kong, 1,548
 
Points)
 on 2/1/10 at 10:29pm

It really depends on context. People don't know this now but Booz actually used to be the premier consulting firm in the 70s and 80s with McKinsey and BCG being distant seconds and Bain in the middle of the pack. Obviously things have drastically changed since then, but the perception of a lot of senior management/board of directors in industry is anchored to their experience at business school/early in their career i.e. still give major credit to the Booz brand name. During PE interviews, I didn't see too many Booz people (partially because their analyst class is MUCH smaller than other similar firms) but I would guess it's still relatively accessible.

Having said all that, go where you like it the best; minor differences in perceived prestige should be subordinate to what you want out of the experience.

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In reply to consulting10
wannabeconsultant's picture

consulting10 wrote: Booz is

wannabeconsultant
      CF
 
(Senior Monkey, 94
 
Points)
 on 2/2/10 at 11:28pm
consulting10:

Booz is the firm with the best industry exits outside of MBB hands down (check their website or wiki for reference), and in fact their industry exits are near comparable to BB (they have CEOs at Pepsi, Harper Collins, Siemens, Medtronic, the president at United Tech and the Barclays COO).

PE is another story entirely - way better to be at LEK, Monitor, or Parthenon (if you have to be outside of MBB). also, these firms seem to offer better culture/environment etc. i was making decisions in this tier and found monitor to be the best, but can't deny booz their ridic ability to outplace into industry.

Well, tbh, I don't care too much about PE. I am more interested in learning everything about a business/industry, how it works, etc., so becoming a C-level exec for a company and being involved in managerial decisions is way more interesting to me than LBOs or something like that. So if you were to name 5 firms outside of MBB, who would be the best for industry placement?

Also, obviously my dad is an old-timer, but he keeps bringing up the term "big 6" consulting firms. Is anyone familiar with this phrase and what those consist of? Obviously, this doesn't hold much relevance now as it seems that nowadays its McKinsey (large gap) Bain/BCG and then the rest, but does that term hold any relevance whatsoever?

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In reply to wannabeconsultant
PorcineAviation's picture

wannabeconsultant][quote=cons

PorcineAviation
      CO
 
(Senior Baboon, 249
 
Points)
 on 2/3/10 at 8:06am

[quote=wannabeconsultant]

consulting10:

Also, obviously my dad is an old-timer, but he keeps bringing up the term "big 6" consulting firms. Is anyone familiar with this phrase and what those consist of? Obviously, this doesn't hold much relevance now as it seems that nowadays its McKinsey (large gap) Bain/BCG and then the rest, but does that term hold any relevance whatsoever?

If he's old school, probably referring to MBBB plus ADL and ATK.

And I think the "gap" between McK and Bain/BCG isn't a gap at all, to be honest. Swings and roundabouts.

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ideating's picture

Yeah, ADL and ATK used to be

ideating
      O
 
(King Kong, 1,548
 
Points)
 on 2/3/10 at 12:15pm

Yeah, ADL and ATK used to be much, much bigger players. Agree with Porcine, very little perceived gap between M and BB.

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PiperJaffrayChiang's picture

Naw. M >>>> BB

PiperJaffrayChiang
      IB
 
(Senior Gorilla, 765
 
Points)
 on 2/3/10 at 7:25pm

Naw.

M >>>> BB

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mmonkey's picture

PiperJaffrayChiang

mmonkey
      PE
 
(Senior Baboon, 210
 
Points)
 on 2/18/10 at 4:36pm
PiperJaffrayChiang:

Naw.

M >>>> BB

Worked at 2 firms, one at each end of that spectrum and there is no gap at all. You continually seem to misinform people (you hijack pretty much every thread which you are a part of/initiator), I have no idea if you think it's funny or if you're just extremely ignorant.

If the quality of your posts is any reflection of your ability you won't have to worry about any of this anyway

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kennethlchen's picture

Sorry - but everyone here is

kennethlchen
      O
 
(Baboon, 171
 
Points)
 on 2/18/10 at 5:04pm

Sorry - but everyone here is crazy.

Look - simply put - if a firm doesn't recruit from your school - you have a very small chance of getting into that firm. Your chances are slim and none - and slim pretty much left the building.

You can have a 4.0 at U of Oregon - if Booz, Deloitte S&O, OW, Monitor etc doesn't recruit at your school - YOU WON'T GET THE JOB - unless you've got a hook up or something to that matter. Apply on their website ...? c'mon. Get real.

People here have allusions that schools are created equally.

It's not. You won't get in. Look - if you want to get into a top Bschool - find a smaller job and change that company from the ground up.

Everyone here is talking about MBB like its easy to get. NO. Even Deloitte S&O is hard to get. Deloitte S&O doesn't recruit from Oregon. SORRY.

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In reply to kennethlchen
petergibbons's picture

Sorry dude, a bunch of people

petergibbons
      CO
 
 
(Senior Gorilla, 896
 
Points)
 on 2/18/10 at 5:16pm

Sorry dude, a bunch of people on this board who got MBB offers from non-targets (including yours truly) would beg to differ. You probably just have a chip on your shoulder because you hate your job.

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In reply to mmonkey
PiperJaffrayChiang's picture

mmonkey

PiperJaffrayChiang
      IB
 
(Senior Gorilla, 765
 
Points)
 on 2/18/10 at 5:35pm
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In reply to PiperJaffrayChiang
PorcineAviation's picture

PiperJaffrayChiang

PorcineAviation
      CO
 
(Senior Baboon, 249
 
Points)
 on 2/18/10 at 6:40pm
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In reply to Vermont_Pride
kennethlchen's picture

Vermont_Pride wrote: Sorry

kennethlchen
      O
 
(Baboon, 171
 
Points)
 on 2/18/10 at 11:34pm
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In reply to Vermont_Pride
Ari_Gold's picture

Vermont_Pride wrote: Sorry

Ari_Gold
      CO
 
 
(Orangutan, 273
 
Points)
 on 2/18/10 at 11:38pm

-----------------------------------------------------------------
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In reply to PiperJaffrayChiang
mmonkey's picture

PiperJaffrayChiang

mmonkey
      PE
 
(Senior Baboon, 210
 
Points)
 on 2/19/10 at 12:17am
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In reply to Ari_Gold
kennethlchen's picture

Sorry - did I sound bitter. I

kennethlchen
      O
 
(Baboon, 171
 
Points)
 on 2/19/10 at 12:47am
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In reply to kennethlchen
JackMorton's picture

Have to agree with

JackMorton
      CO
 
(Chimp, 1
 
Points)
 on 3/3/10 at 8:11pm
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Veracity's picture

Agree with above, I'm about

Veracity
      CO
 
(Senior Chimp, 24
 
Points)
 on 9/20/10 at 11:34pm
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petergibbons's picture

I honestly don't think it has

petergibbons
      CO
 
 
(Senior Gorilla, 896
 
Points)
 on 9/24/10 at 1:03am

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The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

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  • Any feedback or suggestions would be greatly appreciated. My resume is based on the assumption that I will be finished with my current internship in August (which I will be,) and will be applying for FT IB positions after my last upcoming year. Question - I am doing a 6 month internship at a...
    Review my resume
  • This is pretty interesting. Amid all the news releases about secret NSA wiretapping and Internet trolling, it's been revealed that <a href="http://abcnews.go.com/Blotter/al-qaedas-abandoned-ny-stock-exchange-plot-revealed/story?id=19431509#.UcLsXPkdvMB">an Al Qaeda cell was in...
    Al Qaeda Targeted NYSE in 2008
  • Long story short... I was able to gain a senior financial analyst position for ATT through networking with a VP of finance in the company. I only got offered 47k, 52 with bonus. I was making 42 as a part time sales associate. They said that they took my hourly plus commission base (I...
    feel like I'm being swindled with this offer.
  • Hi Guys, I am looking for an internship opportunity in the private equity sector. I come from an Engineering background but currently doing a master in Finance. Should I customize my cover letter better? Please criticize freely...
    Cover Letter review for Private Equity
  • I've been searching for jobs for several months and i'm starting to get frustrated so I was hoping for inputs. I know I made similar posts several months back but I was hoping for some fresh input. I worked for 3 years auditor in Big 4 London from 2007~2010, where I gained my Chartered...
    Big4 Audit --> IB/AM, what's my best bet??
  • Definitely inspiring and always interesting to hear Lloyd's speeches. Thought some monkeys might want to give it a listen. Please post any other commencement speeches that were motivational and inspiring to some of you. <iframe width="560" height="315"...
    Lloyd Blankfein's Commencement at LaGuardia Community College
  • I'm a rising sophomore at a non-target liberal arts college. I am currently interning at a marketing company in one of asian countries that I am from and I have been actively looking for something else I can do this summer. I was accepted to the program so called Fullbridge which is a...
    Opinion on business bridge program?
  • I joined a top consulting firm after graduating last year. Now its been a year and I do not like consulting very much. I have been doing completely unrelated projects, and going forward I would like to have a little bit more focus. Plus I want to learn more about finance. Is it possible for me...
    Is it still possible to start over? from MBB to finance
  • Hey All, I just wanted to see if anyone could give me some ideas about exit opps from top Natural Resources Groups? In this case think BB. I am curious if exit Opps are primarily in industry specific funds or if you still see recruitment for general buyout practices at Megafunds? Thanks....
    Natural Resources Group Exit Opps
  • Hey guys, Anybody know if York Capital runs a macro fund? I saw it somewhere that a guy named Marc Helwani runs a $1.5b macro fund but I couldnt find any other source to verify that. One thing I do know is that out of their $15b AUM, about $6.5 is dedicated to traditional long/short. Lol......
    York Capital - Macro?
  • Last year Dalian Wanda Group bought theater chain AMC Entertainment for $2.6 Bn, and now it is snagging up Sunseeker International. [quote] Dalian Wanda said it would pay £320 million for a 91.8 percent stake in Sunseeker, based in Dorset, England, with the remaining stake to be acquired by...
    The Chinese are upping up their shopping spree
  • I'm graduating soon and am looking for opportunities in either IB or consulting. Am indifferent between them. How should I customize my resume towards IB? Also you guys with consulting background, how do you customize to a consulting (MBB) one as well. But most importantly, I need it down to 1...
    Resume review for IB
  • Is anyone familiar with this firm? Started by 3 experienced guys in the media industry. Looks like they've done a couple notable deals in the past 2-3 years. How big is the firm (esp. analyst & associate level)? How is the dealflow? Do they only have an office in SF? Thanks in...
    CODE Advisors
  • Hi everyone! Some of you may remember me, I stopped posting on this forum about a year ago because I got tired of the site for a number of reasons and it wasn't worth it for me anymore. However I'm a big believer of giving back, and I did learn a lot from this site and from a few of the...
    Q&A: 1st year BB London Rates Trader Taking Your Questions
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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
<em>Mod note: <strong><a href="http://www.wallstreetoasis.com/faq/what-are-the-best-qa-threads-and-interviews-with-top-finance-professionals-on-wso ">Click here</a></strong> to see all of our q&a's and interviews</em><P> I figured I...
Open for Questions - Equities in Dallas
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> This one has...
THE LAST MILE
Hi everyone! Some of you may remember me, I stopped posting on this forum about a year ago because I got tired of the site for a number of reasons and it wasn't worth it for me anymore. However I'm a big believer of giving back, and I did learn a lot from this site and from a few of...
Q&A: 1st year BB London Rates Trader Taking Your Questions
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
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