Advice for a new consultant
Hi MBB and T2 folks, I will be starting my post- MBA job at a MBB in a Tier 1 financial location ( New-york / London etc..). I want to specialise right from the begining because:
* Interrest: This is the only industry I find interresting, it is easier to understand and I would like to exit in Financial services
* Past experiences: My past experiences have been mainly focused on this indisutry ( Big four advisoiry for FS clients + 1.5 years at a bank and 2 internships at a private equity and asset management during my MBA)
* Fast Progression: I know it is easier for me to focus on 1 industry and to learn fastly. I would be able to provide better isight. I also have the feeling that there are many projects in this industry. During my internship last year, 60% of the interns were put in financial industry. And, on the websites of the company there are more partners in this industry than in other industries.
* Personality : During my internship, I find the FS, healthcare and some people from the oils and gaz sectors more like me. They are quite straightforward, focus on the job and don't give a damn about looking good. By comparison, people specialised in the tech industry or in the luxury industry were unsufferable. I found them too fluffy and desperate to look cool. I don't think I would like to work with them. My internship experience with the luxury team was a no-no for me.
however, I read online that FS is the worst industry to specialise in. I am wondering :
1. Would you advise a post-MBA associate to focus on an industry from the beginning ?
2. What has been your experience for consulting for FS clients ? what's the work-life balance ? How are the clients and the people ? Did you like your experience ?
3. Any advices ?
Based on the most helpful WSO content, here are some insights and advice for a new consultant starting at an MBB firm, particularly with a focus on the Financial Services (FS) industry:
1. Specializing from the Beginning
2. Consulting for FS Clients
3. Additional Advice
In summary, specializing in FS from the beginning seems to align well with your interests, experience, and personality. However, consider balancing specialization with some flexibility to maximize your career growth and opportunities.
Sources: Post MBA IB: deciding which group?, Q&A: Former Strategy& associate, https://www.wallstreetoasis.com/forum/consulting/should-consultants-get-an-mba-8-scenarios-to-consider?customgpt=1, Consulting vs Industry, Post MBA-Associate Roles: As bad as People Say?
Thank you
Did anyone else work in strategy for FS clients ?
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