Best Strategy& Industry Verticals
Hey guys,
I'm a b-school student currently recruiting for consulting roles in NYC, and I wanted to know if anyone had any current information about the different industry verticals within Strategy&. As many of you are aware, Strategy& differs from MMB in that the firm aligns each new hire to a specific vertical (healthcare, financial services, TMT, etc) instead of using a generalist staffing model. Can anyone speak (even anecdotally) to the strengths/weaknesses of each of these verticals (i.e. best one to join, what utilization looks like for a new hire, lifestyle/amount of travel (if it differs), culture, etc). Again, I am looking to join the NY office if that helps in terms of scope. Thanks so much!
Hi togoto, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)
I hope those threads give you a bit more insight.
In terms of project flow right now, FS, HIA, and CM are all sold out. TMT is doing well. IPS is a cyclical business, so there's some folks who've been pulled onto work with other industries.
At FS, the project flow is perhaps a little "too good" - the hours are getting pretty tough (70-80+), they're running out of managers (to the point that S& is offering $10k to anyone who can refer an experienced manager from elsewhere).
Happy to answer any specific questions you might have.
Thanks for shedding some light on this, NotAClimber! Regarding FS, can you speak to what's been driving the high demand and long hours? Would also love to hear your thoughts on the culture of the team given the high deal flow (supportive? toxic? etc). Thanks again!
High demand is driven from the fact that a lot of the partners are really good at what they do. Long hours are partially because it's consulting, but also because we have a chronic shortage of talent, especially at the manager level (HMU if you want referrals hehe).
The team is quite large (120+ people), so culture will definitely vary by project. I've had the pleasure of working with some of the most positive and hardworking folks in the industry (including some who've been staffed outside their industry alignment), but not everyone can always be so positive given the hours and constant pressure.
In the leadership, there's a clear distinction in culture/modus operandi between the Booz veterans, the legacy PwC/Diamond/PRTM folks, and the hires from MBB (we recently poached a large chunk of BCG's wealth management practice).
Thanks for the response. I wanted to know where the FS team places in terms of exits? Broadly, as well as PE Ops. I'll be joining S& from undergrad in the fall.
Just out of curiosity, for how long has been S& using industry-specific staffing for b-school hires?
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