I would imagine this is a simple question, but until recently I would group most consulting into managerial, given that is what vault.com ranks the companies. What exactly are the different types and what kind of skills would best fit for each position, as well as what kind of work does each category of consulting do?
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id say that there are
id say that there are essentially two poles of consulting--mgmt and technical, and that most types can be placed somewhere on the spectrum in between. mgmt at its most general would be what youre referring to--ie lets say i want to know how to grow my company, so then i hire a strategy consultancy. technical at its most specific would be something like say there's a guy who specializes in say IT, and you need something very specific done (need a better network set up or something), and so you hire them to do it.
sub groups of mgmt
What kind of sub groups are there are of management consulting or different areas if there are not as pronounced as well as how each rank. I talked to one friend who recieved offers at Deloitte's consulting branch and Mckinsey as well for supply chain consulting. I would imagine that Mckinsey would be her choice (given its higher rating on vault), but she said that specifically for supply chain Deloitte was better (and paid better). More specifically, I am a finance major so I wondering if there were certain types of consulting more aligned and a more natural fit for a finance major.
if youre looking for
if youre looking for finance--
-mckinsey's corporate finance practice
-financial institutions consulting at mckinsey, owfs/mow, bain (but with the exception of owfs i dont think you can specifically apply to these practices)
-pe due diligence at mbb
most consulting anyways isnt really about your skills as much as your ability to think (and bullshit) rigorously, so your major usually isnt that relevant. if youre looking for rankings, there are thousands of those types of posts on the forums, so either search the threads or do some research on the internet.
Do a bit more research on
Do a bit more research on consulting and try and set up talks with current or ex-consultants. Strategy consulting will be your best bet, but you cannot really apply for a specific segment/industry (other than the corp fin groups). However, once you start you can angle for finance-heavy projects, FS clients, PE work, etc.
No one really cares about "specialty" rankings. Mckinsey > Deloitte, can't really think of any circumstance one would pick Deloitte.
Don't really know how to break down different types of consulting- if you want a good luck at the different functions, closely examine the Monitor website and the different companies of the Monitor Group. Read the Vault guide as well.
circumstance on picking deliotte
"...can't really think of any circumstance one would pick Deloitte."
She says she was offered 50k at Mckinsey and 75k at Deliotte.
....
"...can't really think of any circumstance one would pick Deloitte."
She says she was offered 50k at Mckinsey and 75k at Deliotte.
Double check your facts.
There are as many flavours
There are as many flavours of consulting as there are fields in which people may need advice. From strategy to lactation consultants (I kid you not - http://www.lcgb.org/)
It's relatively easy for anybody who provides advice as a service to call what they do 'consulting'.
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