Lateral hire from Deloitte to MBB?
Hello everyone!
Thank you all so much for the thoughtful responses that have come out of these threads - I have another question for the group that I was hoping I could receive some help with.
I am thinking of accepting an offer with Deloitte S&O, but I know I don't want to do consulting for the long-run. Rather, I am interesting in (1) the skills consulting develops, (2) the exposure to a variety of industries and companies, (3) the quality of experience/projects and (4) the exit opportunities (industry and/or bschool). I know Deloitte is really strong on skills, exposure and to some extent exit opportunities, but MBB would be especially stronger on the quality of experience and the exit opportunities.
1. I was wondering if anyone here has experience with or know someone who has moved over to MBB after 1 or 2 years at Deloitte (or comparable firms). What were your/their experiences like? Is this do-able, and if so, does it matter that I interviewed with MBB this year and didn't get offers?
2. Additionally, what would exit opportunities look like from Deloitte after 1-2 years vs MBB? What are the main differences between the two?
Thank you and happy holidays!
Would be helpful to understand your longer-term goals. B-School? PE? Industry?
Hi pr4mence - thanks for your reply and good point. Very long term I want to work my way to a high leadership role in industry/fortune 500. I may choose to go to bschool, and PE has always interested me, maybe I'll have the chance to explore that too. If I do go to bschool, I'd likely want to defer my enrollment to work in industry for 1-2 years before matriculating. Ultimately, I just want to be the best I can be at what I enjoy doing, and build a strong brand for myself.
I can only answer a part of your first question. I have worked for almost two years at a Big 4 consulting and currently interviewing with two of three MBB firms. If you choose this path, you need to do the following (based on my experience):
Perform above average when you are at Deloitte. Make an impact that you can put in your resume. In my experience, I was given the chance to led a couple of projects because of my performance in the previous projects.
Network with MBB consultants at any level. I understand you know how important this is since you've already been interviewed at MBB firms.
I believe they will be also looking at your previous performance but I don't think it will stop you from getting another shot to get an interview.
Hi Awesome07, really great to hear your advice. Best of luck with MBB and let me know how it goes! I may PM you for some help if you don't mind.
Sure! Would be more than happy to help.
Interesting that you've made progress working towards MBB. Most people say MBB is next to impossible to lateral to after undergrad. And it makes sense - why would an MBB want to invest all the time and money to train someone that's just going to leave for BSchool in 2-3 years anyway?
Networking helped me pass through the resume screening.
hey guys, I understand that it might be hard to move from 2nd-tier consulting firm to MBB in the same geographic location pre-MBA. However, has anyone had experience with working at a 2nd-tier consulting firm in a developed market (US, UK, etc) and then transition to MBB in a developing market (Middle East, Southeast Asia,etc). Thanks for your inputs!
i know people who have made this move but they were absolute studs at Deloitte and had great experience to put on their resumes/discuss in interviews.
Also, how long should one work at a 2nd tier consulting firm before contemplating trying to move to MBB? Is it bad to work for only a year before moving? I will be starting at a 2nd tier consulting firm this October in one of their US offices and to transition into MBB in a different geographic location. But I am afraid that if I only work for one year, I will have to start over at the entry level at an MBB and not get any bonus from my 1st year of work at my original consulting firm. Any thoughts on this? Thanks so much!
Let's not get ahead of ourselves since it is extremely difficult to lateral into MBB. However, if you are able to land an offer, you will most likely have to start over as a brand new business analyst. In fact, it is not uncommon for people from non-MBB firms to drop a level (i.e. manager to associate) when they come over. As far as your bonus, it just depends on when you quit your old company. For most, if you quit after the fiscal year, you will still get paid the bonus even if you've left but the safe bet is to leave after you actually get paid out.
Do I need to submit SAT scores at this stage?
Hello,
Answering one of your questions, I know people who did 1 or 2 years in second tier consulting firms, and then were recruited in MBB as level 0. It is a win win for the company and the hired.
hi, thanks for your response. But could you explain why going back to level 0 at MBB is a win situation for someone who has worked 1-2 years in a 2nd tier? Will the prestige and exit opps at MBB make up for "taking a step back" in terms of level at a firm? Thanks so much for your input
Also, there's a good chance that the pay is still better. Even if its not, compensation differences between MBB and rest grow over time.
I think the exit opportunities are better if you work at MBB compared to the big 4. So I think that it definitely make up for the step back.
Further, often they hire you as level 0 but you have good chances to receive an early promotion since you already know the job and improved your modelling skills.
Quod autem et sapiente omnis. Aliquid aperiam cumque architecto tempore. Doloribus debitis aliquam numquam adipisci. Qui repellat ut blanditiis a distinctio repudiandae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...