Is T2 or top econ consulting better?
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Based on the most helpful WSO content, here are some insights to help you decide between T2 consulting and top econ consulting:
T2 Consulting:
Top Econ Consulting:
Considerations:
Conclusion:
Both paths have their merits, but if your primary concern is positioning yourself for future opportunities in MBB or management consulting, T2 consulting might be the better choice. However, if you have a strong interest in economic analysis and less travel, econ consulting could be a great fit.
Hope this helps!
Sources: Econ Consulting or F500 for MBB FT Recruiting?, Is there HONESTLY a difference in the quality of work between Strategy& (Tier 2 consulting) and MBB?, Q&A - Left First Undergrad with Sub 2.0 GPA====>Booth MBA/"Tier 2" Consulting, Economic Consulting Q&A - Past experience at major firms, Economic Consulting Q&A - Past experience at major firms
What are we comparing exactly here, as in better in what sense?
Where do you want to be in the mid, long term?
Recommend reverse engineering from there to figure out what is "better".
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Without further detail and considering the eventual MBA path, I'd recommend heading down the route of a T2 (assuming it's for a typical strategy role).
As poster below already mentioned, Econ consulting is largely run by academics, with PhDs being much more common than an MBA, which tells you whether or not a stint at Analysis, Cornerstone, NERA and the like places you well for an MBA, it is a path less traveled which puts you at a disadvantage vs. going down the more traditional route of a T2 consulting role into an MBA.
In addition, through the MBA you're seeking a change in course in type of role, all the more reason to go with the T2 with strategy consulting traditionally opening a broader set of exits vs. econ consulting.
If you're not sure what you want to do long-term, T2 will set you up better. Top Econ consulting will likely place better into M7 MBA but T2 will still give you a much broader skillset that will both be applicable to many industries but also help you find out which industry you want to work in, assuming it is a generalist strategy role
Econ consulting is run by PhDs
If you want to make some money and take a break from academia for 2-3 years before getting your own Econ PhD, its a good choice
If you want to do PE, corporate strategy, or make partner at a consulting firm without a PhD, you're better off in T2 IMO
Some T2 advantages:
Some econ consulting advantages:
If your immediate goal is to work for a few years and leave for an MBA, they're pretty much tied and you should choose the option you'd most like to work in.
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