Going into consulting

Starting in Consulting: General and SF-Specific Advice

General Advice for Starting in Consulting:

1. People and Fit Matter Most: Based on the most helpful WSO content, the people you work with will significantly impact your experience. Consulting involves long hours, often in challenging environments. If you like your colleagues, even tough assignments can be manageable. If you're unsure about the firm's culture, attend sell weekends or connect with current consultants to ensure a good fit.

2. Be Ready for Long Hours: Consulting, especially at MBB, is known for its demanding hours. Expect late nights working on PowerPoint slides or Excel models. However, the experience is often seen as a fast track to skill-building and career growth.

3. Exit Opportunities: A year in consulting is often considered equivalent to two years in industry in terms of experience. The prestige and training at MBB open doors to top-tier MBA programs, corporate strategy roles, and other high-impact positions.

4. Project Variety: Your experience will heavily depend on the projects you’re staffed on. Some projects may feel impactful, while others might seem less meaningful. Be proactive in seeking out projects that align with your interests.

5. Training and Development: MBB firms are known for their excellent training programs, which make their consultants highly sought after in the industry.

6. Travel: Be prepared for extensive travel. While this can be exciting, it can also be exhausting. Make sure to manage your energy and prioritize self-care.

Region-Specific Advice for San Francisco:

1. Networking in SF: San Francisco is a hub for tech and innovation. Use your time in the city to build connections in the tech industry, as many consulting projects in SF are tech-focused.

2. Lifestyle and Activities: SF offers a great lifestyle outside of work. From surfing and beaches to weekend trips to Tahoe or Yosemite, there’s plenty to explore. The food scene is also excellent, so take advantage of it when you have downtime.

3. Cost of Living: SF is one of the most expensive cities in the U.S. While MBB salaries are competitive, be mindful of your spending and consider living in nearby suburbs if you want to save on rent.

4. Weather and Commute: The weather is mild, but the infamous SF fog can be a factor. If you’re commuting from the suburbs, plan for traffic or public transportation delays.

Is Consulting Work Meaningful?

• Pros: Consulting can be meaningful if you enjoy problem-solving, working on diverse projects, and making an impact on clients' businesses. Many consultants find satisfaction in the learning curve and the opportunity to work with top-tier clients.
• Cons: Some WSO threads highlight that consulting work can feel like a "money suck" or lack depth, especially if you’re staffed on less strategic projects. The impact of your work may not always be immediately visible, and some projects might feel repetitive or less impactful.

Pros and Cons of Starting in Consulting:

Pros: - Exceptional training and skill development. - Strong exit opportunities. - Exposure to various industries and functions. - High earning potential and prestige.

Cons: - Long hours and demanding workload. - Extensive travel can be tiring. - Some projects may feel less meaningful. - High-pressure environment with tight deadlines.

Starting your consulting career in SF offers unique opportunities, especially if you’re interested in tech. Focus on building relationships, managing your time effectively, and exploring the city’s vibrant lifestyle when you can.

Sources: Some Thoughts on Managing Multiple Offers (Consulting / MBB), Some Thoughts on Managing Multiple Offers (Consulting / MBB), Let's Talk About the Pros and Cons of our Gigs in RE Finance