Best internships to move into consulting
Besides management consulting (these internships are extremely rare in my country, most firms don't do them) and banking (not particularly interested), what kinds of work experience would be good for getting into the top tier strategy firms as a graduate?
I have an offer for Risk Advisory at a Big4 accounting firm, but I am unsure how transferable this would be, given that I'm interested in consulting.
if you want to move into a pure strategy house, i dont think risk management will help much. risk management would help if you wanted to move into a BB MO or something like that.
At least in the US, if you can't get a management consulting internship, brand name is pretty valuable. If you can find a strategy/strategic planning internship at a F500ish company that would be a great option.
My buddy had good luck with some actuarial internships and economic consulting stuff ->MBB its not ideal and certainly not easy to get but it can be done. The actuarial internship he got just based on his math background, meaning he wasnt an actuarial science major or anything
agreed with 2x2 on F500 being a great bet. At my MBB sell weekend a few weeks ago, the F500 was very well represented (myself included). Just anecdotally, others came from boutique banks, other consulting firms and non-business fields (service leadership, engineering). GE and Target stuck out as two F500 internships that were well represented.
So would you say that in general, industry internships tend to be better than professional services (Big4), for consulting recruiting?
Mr. Avocado, that's an interesting question. If you mean Big 4 accounting, I have no idea - I go to a school without an accounting major, so none of my classmates have gone that route. If you mean Big 4 consulting (which I guess is just Deloitte), that's definitely a fine route. Within industry, strategy is the most relevant internship, but finance, marketing, etc. are good, too; those probably beat the majority of Big 4 stuff. But if you had a choice between Big 4 or F500 IT, you'd go with the Big 4.
And just to be clear, I've never been on the recruiter's side of the table, but I do have a pretty broad sample of MBB people to draw from, and F500 seems to be much more common than Big 4.
I'd also give a common sense explanation as for why consulting. The work of an entry-level consultant and the interview process both require a knack for understanding how businesses make / should make decisions. Auditing does not prepare you for that, whereas most F500 internships would. The F500 internship will also do a better job of developing interpersonal skills. I know some very smart accounting majors with a surprising lack of business savvy.
Best Internship for MBB Consulting (Originally Posted: 08/16/2014)
Hey all, I'm new to WSO but I've done my due diligence and looked through the forums to see if anyone else had my specific question. Hoping you guys can help.
I'm currently a rising JUNIOR, and really want to land an MBB internship for full-time work. I'm wondering what to do during the summer as a rising SENIOR. I've seen people here recommend an IB BB internship as the best way (since it'll be a very solid brand name on your resume), but I really don't see myself in finance in my career.
Should I just suck it up and try to land an IB BB internship as a rising senior (I'm at a target school, so I'm hoping it won't be unimaginably difficult)? Or should I go for a T2 consulting internship? Or would that not be enough of a brand name for the FT process?
Note: I'm assuming I can't land an MBB internship (which would obviously be the ideal stepping stone) as a rising senior; I've heard the process for that is even harder than the FT process.
Thanks so much in advance!
I'd say tier 2 consulting or corp strat, Liberty Mutual has OCR for corp strat. You'll probably be happier at a Tier 2 if you don't get MBB for FT.
Absolutely dont do BB IBD to go MBB full time, could leave you in a tough situation timing wise. Get the best consulting offer you can and see if you even want to do that job. Nothing beats real experience to reaffirm and test life interests.
Really, any internship with a well-known company on your resume will look good to MBB recruiters. It doesn't have to be consulting or IB or whatever. It could be energy, manufacturing, healthcare, whatever. It just sort of needs to have that "brand name".
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