Will getting my Masters in Accounting open up doors for me in consulting or IB?

I'm currently a junior at a small liberal arts school in West Virginia. I’m majoring in Business Administration and have a 3.8 cumulative GPA. I would like to one day become a consultant, but unfortunately since I go to a no name school there is absolutely no way I could get a consulting job at places such as Bain and McKinsey right out of undergrad. I would like to get a MBA one day but I know it is pointless to get one without any work experience. Unfortunately again my school does not have great job prospects for graduating business majors. I was thinking that I should get my Masters in Accounting. I am pretty good at accounting, and I have a solid shot at getting in to schools such as IU-Bloomington, BYU, University of Georgia, and most of the top ten Master in Accounting Programs. Everyone tells me that accounting is the language of business and that it will open doors in a variety of industries. I enjoy accounting, so I wouldn’t mind working at a Big 4 for a few years, if I do well I might make public accounting a career. Ideally though I would like to get into a top 20 MBA program after working at a Big 4 and move into consulting, or IB. I feel that a top ranked masters in Accounting, and a top ranked MBA (I’m trying to go to OSU, or IU-Bloomington for my MBA in the future), plus Big 4 experience should help me break into consulting or IB. is this a good idea? If not what should I do?

Thanks for all the help

 

hey,

i'm assuming that this is a serious post. so if someone proves me wrong, yes, i am an idiot. but i'll give you my 2 cents nonetheless.

your plan sounds fine. getting a macc, getting into big4, going for a good mba. meaning that there is nothing wrong with the plan if you are willing to go through a few years in big4, despite it being no more than a stepping stone.

as a side note, i would say, though, that at this stage - you're just a junior! - why would you just aim for IU and OSU and think of them as your reach/target schools? you say you could get into any top 10 macc programs without too much trouble. i'll take it at face value. if that is true, why not aim higher for the mba (when you get to that)? why not a virginia or a duke or maybe even a dartmouth? (unless it's somehow about money). allow yourself a better shot at ib/consulting. that's far away, though. hence, this was a side note.

good luck!

 

Thanks for your advice. I would love to attend top ranked programs such as Virginia, Duke, or even Dartmouth, given the opportunity I would go to any of these schools in a heartbeat. I’ve heard though getting into MBA programs such as these are very tough for Big 4 alum because of competition from entry level guys who have consulting/IB experience. Also another factor that may negatively affect me into getting into elite schools like this is where I decide to get my Macc. I have a good chance of getting into a top ten macc programs, only thing that might prevent me from going is money. I have to decide whether taking 30-40K loans for a 1yr program is worth it opposed to paying 8k at WVU for my macc (I’ve heard Big 4 recruit's from WVU also), if I go to WVU for my macc, I have a feeling the elite MBA programs may look down on that considering my undergrad is also at a no name school.

 

Most masters programs value GPA and GMAT/GRE over brand-name, so if you can get a high GMAT/GRE and good recs, there is no reason you can't go to a significantly better school for a masters if you want and go straight in to banking.

That said, yes, going Big 4 -> MBA -> IBD is completely possible. Big 4 obviously gets a bad rap here, and it's far and away from being exciting stuff, but when most businesses are hiring it looks just fine on a resume.

 

Random thoughts...

WV1990:
I'm currently a junior at a small liberal arts school in West Virginia. I’m majoring in Business Administration and have a 3.8 cumulative GPA. I would like to one day become a consultant
Why? Is this really a long-term goal / aspiration? You don't have to justify your actions to anyone on this board, but make sure you personally know what you're getting in to and that you have clear reasons for wanting to do it. A lot of people see consulting as a launching point, but if you're getting in after a master's in accounting > Big 4 accounting for 2+ years > MBA, you're not really just starting off your career there anymore.
WV1990:
unfortunately since I go to a no name school there is absolutely no way I could get a consulting job at places such as Bain and Mckinsey right out of undergrad. I would like to get a MBA one day but I know it is pointless to get one without any work experience. Unfortunately again my school does not have great job prospects for graduating business majors.
Seems like you have a self-defeating attitude. If you really want to get into consulting, aim for it right out of undergrad. Apply to MBB, boutiques, & '2nd tier' firms via their websites and find alumni or other contacts that can refer you internally. Just because a company does not directly recruit at your school does not mean you can't get hired. Just because a firm isn't MBB doesn't mean they don't do interesting work.

Yes, it is entirely possible that if you put in the effort, you might not get anything out of it. But if you don't, you are guaranteed not to get it. You have to accept the reality of being from a non-target, but that isn't an excuse for not trying. I mean, definitely do your grad school apps (and do them well), but as far as I know those usually aren't due until Jan/Feb... you have at least all of August+September+October+November to swing for the fences.

WV1990:
Everyone tells me that accounting is the language of business and that it will open doors in a variety of industries.
I could easily be wrong (and possibly biased) here, but that statement seems misleading... ie. Accounting is the language of business (every company needs accountants) and it probably will open doors to a variety of industries, but most of those doors (I think) will still be to accounting positions, just in different settings.
 
pchoo:
WV1990:
Everyone tells me that accounting is the language of business and that it will open doors in a variety of industries.
I could easily be wrong (and possibly biased) here, but that statement seems misleading... ie. Accounting is the language of business (every company needs accountants) and it probably will open doors to a variety of industries, but most of those doors (I think) will still be to accounting positions, just in different settings.
agree. accounting should be learned on the side, to understand it - not to make a job out of it if you value your intelligence.
"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."
 
dagro:
accounting should be learned on the side, to understand it - not to make a job out of it if you value your intelligence.

I'm hard pressed to find something further from the truth. High finance and particularly PE (which this site glorifies) are very heavy on accounting. Understanding financial statement analysis and being able to make judgments on earnings quality are paramount to the due diligence process. Accounting isn't just about debits/credits and having a solid grasp of advanced concepts helps you differentiate yourself from people like the above poster. OP i did a master of accounting and transitioned into IB after. PM me if you're interested.

 

Thanks for your advice. I would like to make consulting a long term career, but I’m still interested in other industries as well such as Ib to a certain extent, and even accounting (if the career prospects are good, i.e. making partner).

"Seems like you have a self-defeating attitude. If you really want to get into consulting, aim for it right out of undergrad. Apply to MBB, boutiques, & '2nd tier' firms via their websites and find alumni or other contacts that can refer you internally. Just because a company does not directly recruit at your school does not mean you can't get hired. Just because a firm isn't MBB doesn't mean they don't do interesting work"

.I wouldn’t say my attitude is necessarily self defeating; I’m just trying to be realistic about my career opportunities once I graduate college. I have been networking with people I know in consulting, and just recently my parents met someone at a wedding who works at GS and got his contact info me, so I’ll see how that goes. I'm definitely going to be applying for these types for internships. Thanks for the advice, when regarding applying to 2nd tier firms, I’m going to definitely give that a try.

 

god no. finance is just as bad as accounting. and since you asked so nicely, i'll entertain you too. the truth of the matter is, unless you go to a good program that challenges you to think out of the box and solve problems that keep you on your toes (not just textbook examples), then you might as well just read a book on anything. so getting a degree is merely for bureaucratic purposes. i on the other hand had the good fortune of attending a university with an incredibly challenging economics program and a very interesting and almost as challenging east-asian program. i value the degrees that require you to analyze, read between the lines, see causes and outcomes. naturally a good mba is also recommended.

hope this was helpful :D

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."
 

exactly. that long haired guy should have gone and studied accounting. good memory.

...lol

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."
 

UT-Austin, thats it.

So your plan is to get a Macc and then apply to consulting firms. Yeah, not a good idea. If you want a brand name on your resume go to a T10 school for econ or history or something. Macc degrees are for accounting. Texas might place a person or two into banking, but I think there are plenty of other random majors you can get your masters in that would set you up better for consulting/banking.

 

The only MAcc's worth going to if you want a shot at something other than accounting (IB, corp dev, consulting) are Texas, Michigan,North Carolina and maybe Notre Dame (Texas being the best)

To be completely, fair, probably Texas and Michigan are the only two that give you a reasonable shot

outside of these two schools, you are better off going to a cheap MAcc program in the geographic location you want to work in since prestige doesn't matter for MAccs and the Big 4 recruit at all of them on a regional basis.

 

Yeah. UT-Austin and Illinois are arguably the two best accy programs in the country in terms of prestige and rankings in the accounting community. If you are going to Wharton or Vanderbilt for purely Accy, that's usually a signal that you couldn't get into higher-ranked state-school tuition UT or Illinois. Flagship state schools just tend to do better in the rankings because the same profs that teach the courses are the ones who write the exams, and pass rates factor heavily in a number of the rankings. That's why (I think) Penn State actually has a higher pass rate on the CPA exam than Wharton. (I know, it's not fair.)

That said, if you want to get into banking rather than Big Four Tax or Auditing, don't do an MS in accounting. Go get an MSF, MFE, or maybe an Econ degree. Accy doesn't help you get into banking all that much.

 

Well I don't really want to do audit, but what about schools that place well into advisory groups at consulting firms/the big 4? Plus, even if firms don't directly hire from the MAcc for consulting, wouldn't having that alumni network (i.e. if I graduate from Vandy's MAcc, I can still say that I am a Vanderbilt alumn and contact their alumns, right?) be beneficial if I wanted to break in in the future potentially? Finally, why isn't accounting knowledge helpful? Wouldn't understanding various internal controls, knowing how to analyze financials, etc. be beneficial for both bankers and consultants?

 
bugmenot2:
Well I don't really want to do audit, but what about schools that place well into advisory groups at consulting firms/the big 4? Plus, even if firms don't directly hire from the MAcc for consulting, wouldn't having that alumni network (i.e. if I graduate from Vandy's MAcc, I can still say that I am a Vanderbilt alumn and contact their alumns, right?) be beneficial if I wanted to break in in the future potentially? Finally, why isn't accounting knowledge helpful? Wouldn't understanding various internal controls, knowing how to analyze financials, etc. be beneficial for both bankers and consultants?

no one wants to do audit lol, but the exit opps in industry aren't bad

when you are hired for advisory in the USA, you typically have to go through a 1-2 year rotation through audit/other business areas before you can settle in to your advisory role (just keep that in mind).

i would argue that the knowledge gained from a MAcc is more relevant and useful for IB than an MSc finance. IB is basically modeling financial statements, and I am 100% sure that an MAcc's financial statement analysis course is 100 times more useful than an MSc Finance's econometrics course (which is useful for nothing, unless you want to be a PhD...the material covered in a good MSc Finance is useful for trading and structuring though) Unfortunately, IBs prefer recruiting from MSc finance programs over MAcc programs.

 

Well still, wouldn't having the network of more famous schools, even if their accounting isn't as good in terms of ranking, be beneficial? For example, Ohio State is much higher ranked than WUSTL for accounting masters, but wouldn't going to a school like WUSTL and being able to network with people at M from WUSTL help me out in some way?

 

Thanks for the help. I'm thinking that the way to go is apply to UT, but still try to get a job after graduation, especially since I do not really want to join the Big 4 very badly. If I can't get a job I want, then go to get the MPA. I just found some info on the UT site, and only 7% of their MPAs go straight into investment banking, plus 3% into consulting. On the other hand, that information is for right out of school, and I'm sure many who go to the Big 4 switch over to other fields after a couple of years.

Do you (or anyone else) know if getting a MAcc would increase my starting salary much? I guess my question is, if I can get an entry-level position at a BB or an MBB like Bain without the MAcc, is there any point in staying in school to get it?

 
drexelalum11:
Why are you so set on a masters in accounting as your masters? Why not get a masters degree in something more practical or interesting, if you don't want to go in to accounting?

Maybe because he may need to get it to sit for the CPA exam??? They have changed the rules in NY.

 

MSF is not a wasted year at a good program. The MAcc is great for a few people - it basically guarantees an audit job (if that's what you want) and gets you the credits you need for the CPA.

However, you probably have the 24+ accounting credits and just need 150 credits. I don't see how a MAcc makes sense unless you want to audit.

Have you taken a hard look at the CPA requirements? You don't need 150 credits in every state.

I see no professional reason for you to remain in school. If you do, mmaybe get a masters in something else to give you a broader education base - finance or statistics or econ.

WIth the accounting UG, a couple of CPA exam passes and an MSF, you would be a strong candidate for a Big 4 valuation job or someother tax advisory consulting role, as someone said.

 

You do need 150 hours in every state. Even if you didn't then there are other requirements like a year of work experience that you need in that state to get your license.

Do what interests you the most. There is a lot of bad advice in this thread. You shouldn't listen to anyone here; all the posts contradict each other and you are probably more confused now then you were before.

If you really want to get your masters now (especially if it is paid for) then do it. This will give you other opportunities, such as the ability to teach college courses, even MBA classed, in the future if you decide to do so.

Plus a CPA does give you some credibility as ER analyst, because it shows that you at least know how to read annual reports, and trust me there are a lot of analysts who do not understand deferred taxes or other important items, although it is not a required license by any means.

 
Best Response

[quote=joemontana][quote=stk123]You do need 150 hours in every state.

100% wrong.

http://www.beckercpa.com/state/dsp_state_search_results.cfm[/quote]

Come on dude, you obviously do not know much about becoming a CPA.

You can sit for the exam in many states without the 150 hours, but that does not mean squat. There may be a couple (not sure though) of states that will allow you to become a CPA without 150 hours, but you still need work experience in that state (like 1 or 2 years) before you are licensed. And without a license you are a nobody, even if you passed all four parts of the CPA exam. It is like the CFA, you need 3 years of work experience to be a licensed CFA.

Even if you managed to become a licensed CPA in Vermont with only 120 hours and you live in New York, well then guess what you will not be able to transfer the CPA license to NY and you will have to go back to school to get an additional 30 credit hours just to transfer your license.

It is not as simple as taking the exam in a state that has the easiest requirements.

 

The thing is, what are you interested in doing? You've mentioned ER, and the 150hr thing is a real issue, but if you're looking to do IBD or S&T having the CPA is not going to be worth it.

I'd nix the Masters in Financial Math unless you want to be a quant and are very confident in your math skills, which basically leaves the Masters in finance or in accounting. Are you going to be doing the masters at the same school you did undergrad?

 

I know this is an old thread but I literally just spoke to my girlfriend's father about this the other day. He is way up the chain at a Big 4 in manhattan. His exact words were, "A masters in Accounting is useless." Just a thought.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

You're chances are VERY slim. I'm not trying to be a dick, just a realist. I'd take the Fortune 500 analyst route, work for a few years (maybe do a CFA) and aim for a top MBA program. Seriously, right now if you're looking to do M&A it's mostly FIG work and, most likely, the experience you'll otherwise be getting will be in restructuring, work-outs, etc. . .

 

Thank you drphoebejigs for the honest reply!

To be honest, I don't mind doing FIG work. If anything, I'd really like to get my foot in the door. So I'm still going to apply to those positions and try my best to leverage my contacts at various places (not many, but there are some), and contact alums to maximize my chances.

On your note about the CFA - I have considered it, but didn't study for it because many people tell me it's important for a job in investment management, but not in M&A. Can you tell me why you think a CFA would be a good idea?

Thank you!

 

I wouldn't say your odds are VERY slim, but they're definitely not great. The trick here is to absolutely network your tail off. Accounting is absolutely essential in investment banking, and having a masters degree in accounting will definitely showcase that skillset and demonstrate your ability to handle the workload. That said, unfortunately in this market it is ultra-competitive, and a masters degree usually translates to an analyst position (which BBs often prefer UGrads for). It will definitely be easier for you to pursue Fortune 500 companies and run from there, or go back to a Big 4 - but sometimes we don't want what is easiest (I think this is where your career advisor was going - her job is to secure a position for you, especially in this market, and her fear is probably that if you chase these BBs and get nowhere, you'll be screwed).

If I were you, I would do my research on ibanking, the position and even the banks you apply to in order to show a strong fit and understanding of the business, network as much as you can, and give it a shot. Additionally, I would make sure to apply for at least a few of the other positions that you are clearly better suited for (in terms of degree), and show enthusiasm for them - it never hurts to have a backup plan. Best of luck.

IBanker www.BankonBanking.com Articles, News, Advice and More Break Into Investment Banking

 

Thank you for the reply BankonBanking. Yes I agree with you that my career advisor was trying to find me the most secure job route. I've done some research on the alumi base and looked at the recruiting stats of the program before, and about 90% of the people in the program go on to work for a Big 4. I think this is because unlike me, most of them already had their minds set on working in auditing/tax. In 2007, about 7% of the graduating class went into some sort of IB/financial services firm. So I know I definitely have a chance, and I will network very hard to try to get the position.

I will apply for IB jobs, as well as auditing and Fortune analyst jobs, just so that I don't put all of my eggs in one basket :]

Another alternative is to work in the advisory department of a Big 4. Although I know it's not the full-blown IB, I think it could be the closest thing I'll get to it. I've just heard that once you go into a Big 4, your chance of making it into the IB world is basically 0%. (According to my career advisor, again)

Thanks for the comment, I really appreciate it!

 

I actually have a different viewpoint. I did the same thing as you (Econ undergrad, and then a MAcc), and I found that several banks were willing to interview me. I found that as long as you had a sound rationale as to why you did the MAcc, it can be a major asset. In fact, I think it was one of the main reasons I was able to secure a job in IB.

 
MCA2009:
I actually have a different viewpoint. I did the same thing as you (Econ undergrad, and then a MAcc), and I found that several banks were willing to interview me. I found that as long as you had a sound rationale as to why you did the MAcc, it can be a major asset. In fact, I think it was one of the main reasons I was able to secure a job in IB.

Really? It is great to know that someone in my shoes have secured a job in IB - it's encouraging :]

The reasons why I decided to enroll in the MAcc program:

1) Recruiting at my undergraduate university was not top-notch. Since I was not in the business school, my access to finance-related jobs were limited. The IBs that did recruit in my department were looking for Operations and IT analysts. I was not very interested in them, but applied to them regardless.

2) One major roadblock for me landing a job in finance was the fact I was not in the business school, and I had to find a way to gain access to the powerful alum base as well as better recruiting system of a better university. It was too late for me to transfer as an undergrad already, so I knew I had to do it as a graduate student. I could have done a Master's in Finance, but felt that it was a bit of an overkill, and it would have taken longer to complete. a MBA was out of the question, as I have 0 years of working experience post-grad. So I decided to go with the MAcc programs, something I felt that was more stable, will give me plenty of technical background for banking, and gave me several options after graduation. It only takes about a year to complete as well.

Can you share a bit more about your experience recruiting with the IBs?

Thanks for replying!

 

Well,

At my school, I could see all of the job postings in the business school (because our MAcc program was through our bschool), but I could only submit my resume if the company had made the job posting available to us. Typically, though, I could get the contact information of HR or one of the interviewers. I would then send them a resume and cover letter asking if I could be included in the recruitment process. Sometimes they said "no" but usually it was "yes." I would also just show up at recruitment events and talk to the employees there, and I would give them a copy of my resume after explaining my situation.

IMO, it seems the reason that IBs don't recruit MAccs is not because of lack of ability, but rather, because most MAccs pursue public accounting. Once they find out you are interested (either by emailing or coming to recruiting events), they are more than happy to include you in the process.

On a side note during my MAcc, I took as many finance classes as possible with the MBAs. This also improves your skills and exhibits interest.

 
MCA2009:
Well,

At my school, I could see all of the job postings in the business school (because our MAcc program was through our bschool), but I could only submit my resume if the company had made the job posting available to us. Typically, though, I could get the contact information of HR or one of the interviewers. I would then send them a resume and cover letter asking if I could be included in the recruitment process. Sometimes they said "no" but usually it was "yes." I would also just show up at recruitment events and talk to the employees there, and I would give them a copy of my resume after explaining my situation.

IMO, it seems the reason that IBs don't recruit MAccs is not because of lack of ability, but rather, because most MAccs pursue public accounting. Once they find out you are interested (either by emailing or coming to recruiting events), they are more than happy to include you in the process.

On a side note during my MAcc, I took as many finance classes as possible with the MBAs. This also improves your skills and exhibits interest.

Thank you for the comment. Actually, the MAcc program that I'm attending is part of the business school. Therefore I have access to all the job postings. I was referring to my undergraduate university when I said that Economics students didn't get access to most finance jobs, because it was not part of the Business school. This is a reason that I wanted to get into the MAcc program - to get access to the job postings.

I will be taking several finance courses over my program, including valuation, which I think will be really helpful. Your advice on emailing the recruiters directly about jobs not targeted at MAcc students is great - that is what I will do when recruiting starts!

You have provided me with some great info, thanks!

 

Also remember that you can work in the advisory department for a Big 4 (as you said), then transition into B school, and break into banking, consulting or the like through that avenue, where you Big 4 advisory coupled with B school will make for a compelling case to break into BB banking. It's not necessary by any means, but I just wanted you to realize that there is no such thing as once I do this, I can never do that. If B school is of interest, that is always a path to consider in the future, again, if you need to.

IBanker www.BankonBanking.com Articles, News, Advice and More Break Into Investment Banking

 
BankonBanking:
Also remember that you can work in the advisory department for a Big 4 (as you said), then transition into B school, and break into banking, consulting or the like through that avenue, where you Big 4 advisory coupled with B school will make for a compelling case to break into BB banking. It's not necessary by any means, but I just wanted you to realize that there is no such thing as once I do this, I can never do that. If B school is of interest, that is always a path to consider in the future, again, if you need to.

IBanker www.BankonBanking.com Articles, News, Advice and More Break Into Investment Banking

It is definitely an option that I'm keeping open. Yes, a MBA degree is definitely part of my plan for the future, so this is potential path. Although getting into IB straight after graduation, work for a couple of years, then transition to another industry would be better for me.

 
Toblerone:
Hi All,

Currently I'm in a top Master's program for accounting (Michigan/UT-Austin/Illinois)

If you told me exactly which school you are going to then I can help you, but I am guessing that it is UofM, because Michigan doesn't belong in that Group (unless ofcourse you are a student in that program you may think so). The top three would be UT-Austin/BYU/Illinois.

If you really are in Michigan, well then my advice may not be so helpful because it has a two-semester (30 credit hour) program that ends in the spring.

Although it is possible that you are going to UT-Austin, because that 7% statistic you mentioned sounds familiar to me and I did see those stats that you were talking about a while back.

If you are going to UT then good for you, because it is a 12-18 month program and at least three semesters. Here is what you need to do:

Optional - During the fall recruiting season you can apply for a spring internship with an accounting firm (Big 4 or whatever) in any field that you are interested in (Audit, Tax, FAS, etc.) or what you can get.

This will allow you to have a backup plan if banking fails and you will make a ton of money to pay for school, since you are paid hourly and get time and a half for overtime, which will be plenty during tax season (I once made over $600 in one day!!)

During the spring you will recruit for an SA position in banking (so make sure that your internship would not interfere with recruiting otherwise don't do it since you already have a few internships under your belt).

If you get an SA position, you will still graduate the following fall which will allow you to enter full-time recruiting for banking with an SA under your belt, and possibly a FT offer in your back pocket as a bonus if you performed well during the summer.

Anyway I hope that you find my advice useful and more helpful than the typical "network your ass off" answer that most people always offer in these types of threads.

I was in the same boat as you are now and did ABSOLUTELY ZERO networking and got an offer at a BB. Now, obviously networking is a good thing but I think that going the S.A. route is a lot better than simply "networking" and applying for a full-time position. Obviously you can network do get an SA position, but again what would be more important is going to company presentations at your school and talking to employees and trying to get one of them to push your resume into the interview pile.

Good Luck!

 

stk123, I think your advice is absolutely great and valuable.

My only concern is this: I can actually graduate in the summer with just taking a couple of class, and start working full-time right after the first summer session is over; while if I do the summer internship route in banking, I'd have to finish my schooling in the Fall, which means a 6 months delay in graduation. This presents the problem of banks not recruiting for starting dates of January-ish.

After reading your comment, I thought more about the spring internship you talked about. You know how the school has an arrangement where you can do a spring internship full-time for the first half of the semester, and take a couple of condensed versions of courses in the 2nd half? Well I was thinking, since I don't really need an accounting internship to work in the Big 4, would it be possible to land a spring internship with a bank, then graduate at the end of the summer, as planned?

Is it rare for a student to apply to both the internships and full-time positions of a firm?

 

It wouldn't work with a bank since those internships are set up between the school and the accounting firms, and my understanding is that banks wouldn't set up such an internship with your school

When it comes to recruiting for Banking whether SA or full-time, most banks if not all will recruit students that graduate between December and June (Fall, Spring or first summer semester). This will allow you to recruit for full-time in your last fall semester for positions that will start in July. You will basically have 6 months of vacation between graduation and your start date. You can either work or enjoy life.

But remember that if you do land an SA position then you have a good chance of landing a full-time position and will not have to recruit for full-time anyway.

 

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  • LEK Consulting 97.2%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (586) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (166) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (547) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

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success
From 10 rejections to 1 dream investment banking internship

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