Q&A: MBB project manager in Europe

Question

Hey, Have been a longtime lurker, but wanted to give back to the WSO community - especially because there's a bit too much BS around here sometimes. Currently waiting for a project to kick off, so I have some time off. I am a project manager in a European office - started roughly 3 years ago straight from uni, got fast-tracked (i.e., no MBA requirement). Also worked in a few different geographies across Europe and a couple of projects in NYC.

Formerlyknown · Accepted Answer

Really depends on when you're entering the project.

Phase 1, i.e., the setup, is a killer. You're going to spend really long nights figuring out what's wrong (diagnosis), and proposing potential solutions, including measuring their impact. This is always the worst phase, but you will learn quite a lot. The problem is that there is a lot of stress,  because MBB is increasingly moving to a results-based fee model, meaning that the impact you're proposing will be a big driver for your partner's performance.

Phase 2, i.e., the PMO, is really boring.

Formerlyknown · Answer

t's definitely possible to recruit from European unis to the UAE offices! They're starving for talent.

I know a handful of people who either moved to the Dubai office or are working on projects in the region.

WW2 survivor · Answer

Thank you so much for doing this. I have a few questions for you that are direct but that everyone is thinking, apologies if I come across as too crude:

(1) How much do you make?

(2) Assuming a post-MBA hire sticks to MBB consulting and seeks to leave, what are his chances of becoming a partner?

(3) How much do partners make?

(3) What are the chances of a post-MBA hire with no previous consulting or banking experience to break into Private equity?

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Q&A: MBB project manager in Europe

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Q&A: MBB project manager in Europe

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