lateralling in consulting

I know it's common to lateral as an Analyst in IB, but is this also common in management consulting (at the entry-level positions straight out of ug)? If so when does the process start and do all firms look to recruit laterals?

15 Comments
 

By lateral, do you mean MBB--> MBB? Or consulting firms in general?

I imagine that MBB --> MBB isn't very common because, let's face it, what would be the point? But in general, it does happen. I'm an example of someone who went from a small boutique to a bigger place. No where close to the prestige level of MBB though.

-MBP
 
Best Response

I will give some input as a consultant who has tried to lateral firms - I am at a non-MBB (Think Deloitte, Accenture, Booz).

A few comments -

In general, it is VERY tough to lateral into MBB at the analyst (or equivalent) level. They have very rigid time tables for recruiting, and the voluntary turnover at these firms is low. That being said, if you have a lot of contacts who can keep your poker in the fire, you might have a shot should an opportunity arise.

Lateraling from a non-MBB to another non-MBB is very situational...you really have to ask yourself WHY you want to leave your current firm. If the end goal is a top business school, then salary should NOT be a driving factor for you. The only factors should be the project experiences you will gain, and reputation of the firm (coupled with the dedication of the firm to send their analysts to top b-schools).

You will have the rest of your life to make a lot of money - you should be focused on getting the best experiences for b-school, or for lateraling into the industry you wish to work in.

Hope this helps, PM me if you have any other questions.

 

Possible, but painful.

I went from a boutique to MBB (after my 1st year). I graduated from a top 3 school, had a high gpa (over 3.7), and had actually interviewed with 2 of the 3 in undergrad. I also knew several people at the firm, knew that this office happened to be looking to flesh out its undergrad hiring, and had the most senior of my friends drop my resume at HR, which resulted in a immediate call - don't even bother going through the process unless you have this sort of inside edge, or are a gangster networker.

And despite all of that, I went through multiple rounds, got grilled on my motivation, on my background, on analytics (down to the "and then what functionality did you build into the model? oh really - how? huh, index matches, not such an impressive choice"). It was absolutely brutal, took over a month where I was stressed to the max - running a project and prepping for interviews, and culminated in an offer to come in as an analyst - basically resetting my clock.

Was it worth it?

To be flippant, yes - leaving the mid-atlantic where I'm based to travel to the south right now is pretty sweet, it's fucking cold out.

More seriously - I would never transfer unless it was to MBB, because otherwise why bother. Your resume looks spotty, getting more money at the non-manager level is fairly meaningless - $60K and $70K ain't worth something too different. The real goal is to put yourself in a better place to get a sweet managerial/PE/VC/whatever job afterwards.

And if your goal is to make partner, then do it at your boutique, because it's going to be a whole lot easier.

 

Based on what I've read and heard from people through the grapevine, there aren't really any options for movement until a post-MBA level. Keeping that in mind, I wouldn't imagine too much conversation outside of small-talk.

In terms of "framing the story", just focus on on the positives of your work-place and how you're having a good experience. I think a recruiter would view someone that's upbeat and making the best out of their options more favorably than someone whose a year in and trying to already work his way back into a recruiting session (Not saying that's necessarily the angle you're taking, but just imagine how many of these people recruiters deal with).

 

I know it's definitely possible given certain factors (good resume, relationships etc.). I agree with the framing on the positives, but there has to be a way to hint that you're interested in a lateral move?

 

why dont you give it a try, that's the best way to get your answer

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

Really, there is no standard process for lateral hires as far as I know. Try to identify a few firms that do similar work to your niche/boutique, and network with people within that group. Deloitte as a strong HR practice, most firms have specialists (at the principal/partner level) in healthcare etc. Your best bet is to find people within these groups and network your behind off!

I would think the Big 4 might be easier for two reasons - one, they tend to higher larger numbers. Also, given that Deloitte and PwC are growing very fast, they often look for experienced hires for positions they can't fill internally. Two, they tend to have specialized groups for most kinds of functional and industrial expertise. It'll probably be easier to find a group that you're a good fit for at Deloitte/PwC.

 

Error odit optio provident non. Voluptatum nobis earum velit ut ullam aliquid nostrum. Voluptatem dolores alias earum quis. Culpa ut dolorem nemo voluptatum velit. Eaque doloribus quis aut quis quis.

Iusto aut eum harum quia ratione exercitationem. Ab suscipit vel at nemo qui unde. Ullam voluptate autem quaerat repellat excepturi.

Sed sit libero dolore vel. Consectetur natus qui dolores omnis et. Reprehenderit qui consequatur culpa unde neque dolorem. Vel sed consequatur sint sint quo voluptas. Velit odit quam laboriosam velit ducimus tempore. Saepe ut laboriosam sed qui perspiciatis blanditiis.

Career Advancement Opportunities

May 2026 Consulting

  • Boston Consulting Group 99.5%
  • Bain & Company 99.0%
  • McKinsey and Co 98.5%
  • Oliver Wyman 98.0%
  • LEK Consulting 97.4%

Overall Employee Satisfaction

May 2026 Consulting

  • Cornerstone Research 99.5%
  • Bain & Company 99.0%
  • Boston Consulting Group 98.5%
  • McKinsey and Co 98.0%
  • Oliver Wyman 97.4%

Professional Growth Opportunities

May 2026 Consulting

  • Bain & Company 99.5%
  • Boston Consulting Group 99.0%
  • McKinsey and Co 98.5%
  • Oliver Wyman 98.0%
  • LEK Consulting 97.4%

Total Avg Compensation

May 2026 Consulting

  • Partner (4) $361
  • Principal (30) $294
  • Director/MD (58) $274
  • Vice President (53) $247
  • Engagement Manager (111) $232
  • Manager (167) $172
  • 2nd Year Associate (185) $142
  • 3rd+ Year Associate (114) $134
  • Senior Consultant (354) $132
  • Consultant (634) $122
  • 3rd+ Year Analyst (162) $121
  • 1st Year Associate (575) $121
  • NA (16) $114
  • Engineer (6) $114
  • 2nd Year Analyst (390) $104
  • Associate Consultant (175) $100
  • 1st Year Analyst (1150) $90
  • Intern/Summer Associate (205) $83
  • Intern/Summer Analyst (624) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”