Econ vs. Poli Sci/Stat Major for Consulting

Based on the most helpful WSO content, here's what you need to know:

1. Econ Consulting vs. Management Consulting:

   • Economic consulting is distinct from management consulting. Econ consultants work more with statistical models and focus on understanding why something happens, rather than tackling business problems directly.
   • Management consulting, especially at MBB (McKinsey, BCG, Bain), involves high-level corporate strategy engagements and broader business issues.

2. Major Preferences:

   • While MBB firms claim that the major doesn't matter, there is a noticeable trend of econ majors in these roles. This could be due to the analytical and quantitative skills that econ majors typically possess, which are highly valued in consulting.
   • However, people with diverse academic backgrounds, including poli sci/stat majors, can and do succeed in consulting. The key is to demonstrate strong analytical skills, relevant experience, and a genuine interest in consulting.

3. Recruiting Insights:

   • For economic consulting, firms look for candidates who are genuinely interested in the field and understand what the job entails. It's crucial to convey why you prefer econ consulting over other paths like finance or general management consulting.
   • For MBB, showcasing a strong analytical background, regardless of your major, along with relevant internships and a clear understanding of the consulting role, can make you a competitive candidate.

4. Post-MBA Transitions:

   • Economic consulting skills are transferable to various post-MBA roles, including asset management, marketing, and even back to economic consulting after a stint in another field.
   • Moving from economic consulting to private equity is challenging, especially pre-MBA, as PE roles are typically geared towards ex-banking analysts and some management consultants.

In summary, while econ majors are common in MBB consulting, a poli sci/stat double major can also be competitive if you demonstrate the right skills and interest. Focus on building a strong analytical foundation and gaining relevant experience to enhance your profile.

Sources: Economic Consulting Q&A - Past experience at major firms, Economic Consulting Q&A - Past experience at major firms, Why do MBAs seem to favor consulting over banking nowadays?, Econ Consulting or F500 for MBB FT Recruiting?, Why Consulting - Answering the Interview Question