Big 4 Transaction Service to Top Mgt Consulting
All,
I'm thinking about making a switch from a position in Big 4 transaction services group (due diligence for mainly PE clients) to a top management consulting firm. I come from a Patriot League school with a quant/ business degree, and a decent GPA. I also have my CPA. How easy do you think the switch will be? Thanks.
Not easy. I've never seen anyone from Big 4 go to MBB from any service line. Although it does happen, I'm not sure due diligence work is going to get you a spot. That being said, MBB will take people from a lot of different backgrounds. Your strategy should be to make your work experience almost a side note on your resume - to get into an MBB, you have to do something really cool to make them notice you. Experienced hiring is extremely selective.
One option is to try to get hired as a "specialist" rather than as a consultant. This might use your due diligence skills.
Alternatively, what about a second tier firm? Big 4 Consulting, Accenture, Oliver Wyman, etc. This would probably be an easier jump for you.
Good luck.
It will definitely be tough. I was looking into the same thing, and in the first few years in your career I here its ridiculously difficult and very unlikely. I've been told that top MC firms would rather hire their "generalists" from a target school than experience hires from big 4, its possible but unlikely. You'd have a better chance sticking around and becoming a subject matter expect, and coming in as an experience hire/consultant that way you have actually have something to offer. Obviously you won;lt be a "generalist" anymore and will have to be focuses in the Financial Services industry of consulting, but that would be your realistic way into a top MC firm.
RAG209,
I'm interested in moving to the Transaction space at one of the Big 4. Would you mind sharing an email so I can send you a private message? I'm interested to hear about the day to day, any insight into comp packages, etc. I appreciate any help on this. Thanks!
From transaction Services to management consulting (Originally Posted: 04/01/2015)
Hi everyone,
I am currently working within transaction services at one of the Big 4 companies in the London. I have been there for about 4 years and focus on financial due diligence. I have worked for most of the large private equity funds and have experience from over 30 financial due diligence projects.
My interest in commercial due diligence have increased a lot, and I am serious about making a shift to commercial due diligence at one of the management consulting houses.
Like everyone else I have applied to the top three leading places (McKinsey, Bain and BCG) but received a no-go :-(
So my questions, what management consulting houses except (McKinsey, Bain, BCG and Big 4) will you recommend?
In addition, do you think I have a good chance?
Why not try to transfer to the CDD group at your current firm? I have heard it if fairly common in London at the big4s.
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