Advice for a N00b...Ivey vs. U of T
Hi Everyone,
I want an honest evaluation of my chances in consulting...
I am an undergrad major in Marketing at a top B-school in Canada with a GPA of 3.7. Currently working at the Canadian division of a Fortune 500 firm - 2 years of experience so far as a brand manager.
I am evaluating whether I should go to Ivey or UofT for a 2nd chance at management consulting. I say 2nd, because I made a feeble attempt during undergrad (e.g. I got an interview with BCG, but didn't get past 1st round - I hadn't prepped for cases properly).
There are a few considerations:
- Ivey is a 1 year program, so will I have enough time to get my ducks in a row?
- Although top consulting firm hire at U of T, most hires seem to have an engineering background
I also have a few specific questions:
Do you guys think I have been "blacklisted" at BCG because I failed my first attempt?
Are there any Canucks out there working at top consulting firms (e.g. MBB) with an MBA at either of those schools and what's your POV?
Do I have any chance of getting recruited through a headhunter at MBB or 2nd tier firm pre-MBA or is my best 2nd shot post-MBA?
My current salary is around 65K...how much can I expect to earn relative to this at MBB post-MBA? This is so I can do a cost-benefit analysis. :)
Thanks everyone sincerely for your advice!
Doubtful
Was under the impression headhunters focused on execs. Bigger salary = bigger commission.
I don't know for sure, but I've heard you don't get "blacklisted", and some say going back a second time shows that you really want the job.
I'm not, but I know quite a few undergrads that made it to MBB and tier 2 firms from Ivey; the MBA and HBA programs are very similar. You'll definitely be able to get Toronto stuff, outside of that is more difficult (just because you're not very close). I have also heard people getting McK New York and LA (but that was back when the economy wasn't in recession).
(no experience here, but...) I'd say you're less likely to get head hunted since you're out of the industry. Try contacting old friends and see who's hiring. With recruitment season coming up you might be able to snag something, but who knows.
Just from glassdoor.com, Consultant (ie Post MBA level) positions usually pay 120k+. The Analyst (Undergrad level) pay about what you're making. Bonuses are usually pretty good at MBB, although I heard that BCG was the only one to hand out full offers last year.
I'm not in the industry, as my sources are mostly just research (as I'm looking to get into MC as well). Hope its helpful though.
I'm not sure if you are only targeting MBB, but Ivey put up better numbers in the 2010 grad class than Rotman for those firms. Call Rotman and ask how many in the 2010 class are at McKinsey. I think the number is less than one.
On that note I've also heard rumours that BCG/Bain are taking serious chunks of market share from McKinsey. I know someone the year before me got a January (year after grad) start at McK because there was no work for them. So, it might be a McK note rather than a Rotman note, just my $0.02 though.
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