Office location for Energy practice at MBB and other consulting firms
Hello All,
Which offices at the top Strategy Consulting Firms, i.e. MBB, Booz, Deloitte Strategy, Monitor, etc. are heavy on Energy related Engagements.
I heard that Houston offices are geared more towards Energy, is this through, where else? do you know of an office working more on Alternative Energies?
thanks for reading this post and your insight.
Both BCG and Mck have energy oriented offices in Houston. Booz's strongest practice is energy, and, unlike the previous two, is based in Dallas as that is where the largest concentration of partners reside.
Bain is currently building up their energy practice that has always trailed Mck, BCG, and Booz in Houston.
Thanks a lot Consultingwiz07.
How about Alternatives, I heard that BCG Chicago is also strong in Energy. any thoughts on that?
What other offices (specially in North East) have engagements on Energy?
If you wanna do energy, Houston is the place to be.
How about renewable energies?
The vast majority of engagements in energy still revolve around oil/gas and other natural fuels - there is not as much investment going on in the alternative space. that is not to say that alternatives are non-existent, there is a lot of work to be done in that space, but it pales in comparison to your more traditional energy consulting. I do not know so much about the alternative space, but I am sure Texas would still be the place to be as alternative clients are likely to be the same as those that provide traditional energy.
thanks a lot. any thoughts of international offices, like middle east or Europe?
Middle East is big in oil. It is my understanding that offices in the Scandanavia are big in the alternative space now that I think about it.
There's a lot of cleantech in the Norcal offices. Solar, wind, grids, etc.
Schlumberger's Business Consulting Division (SBC) is the best firm for energy consulting. Why an energy firm would ever hire MBB instead of SBC is beyond me. SBC has way more resources, industry knowledge, etc. If you want to do energy consulting (not renewables) they're the top choice. If you have a hard on for renewables, then I guess the more traditional firms would be a better fit for you (bear in mind renewables are a tiny portion of the energy pie, and thus available dollars for consulting are less).
http://www.sbc.slb.com/
I guess when companies like Exxon need strategy help, they rather go to MBB rather than SBC, I may be wrong?
Which of the strategy consulting firms are the strongest in Energy and what is the ranking I heard that Booz is very strong in Energy is it better than MBB?
In terms of Energy, Booz competes with McKinsey - It is a level playing field in this regard. It seems that McKinsey has a great market share in upstream, shared with Booz, and Booz is stronger in Downstream. I do not know too much about midstream.
Do not know too much about BCG's energy practice, I am sure iti s solid. Bain, as I mentioned earlier, just opened an office in Houston and promoted a couple of upper level associates from Booz to partners so that they can begin establishing their Energy practice.
I have never heard of SBC, but after some research, it seems as it is a group of consultants that left MBB to start a firm that specializes strictly in the energy space.
If you would like to do Energy Consulting, I would recommend Booz or McKinsey, maybe BCG. I know that in Booz, you interview by practice and you can apply to their energy practice. My understanding is that it is quite competitive as they interview at select target schools for that practice. Hope this helps.
Consultingwiz07, you're all up in this shit, great, thanks for the info.
What does upstream / downstream / midstream mean? Thanks!
Thanks a lot for the input Consultingwiz07. Great insight.
So, then what is your take on specializing yourself on one particular area right off the bat vs. the more generalist approach.
I know that I am very interesting in Energy + Strategy, but at the same time tempted by the idea of being generalist and learning about different industries.
I had the same deliberation when exploring my offers. My friend works at a practice specific firm and he puts it best: As a specialist, I see all parts of one industry; mostly high level (e.g., e M&A, market entry) that these skills are easily transferable from one industry to another.
Don't know if you are an undergrad or grad, but getting an MBA is also another opportuity to branch out if you do choose to become a specialist. I somewhat regret being a generalist, because specialization can also be good. You know all parts of an industry, parts that can be transferable across multiple industries, and yet, you are also specialized increasing your value. Of course, there are disadvantages of being a specialist, just as they are advantages of being a generalist. I believe this is discussed in the forum.
PM if you want to discuss your question further.
Probably the usual suspects: Houston, Calgary, Middle East.
Please don't tell me you misspelled 'true'.....
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