Strategy Consulting London Exit Opportunities - Overrated?
A lot of people mention that the variety of projects in strategy consulting at MBB/T2 and the variety of industries you work on lead to a wide variety of exit opportunities. However, as consultants do mostly pure corporate strategy work, which roles do they usually exit to? There doesn't appear to be much F500 pure strategy roles in London, and I'm not sure if the strategy skillset is that useful in corporate roles where they require more hands-on, implementation skills.
For context, I work at FAANG in London and almost all of the experienced hire roles in PM/Operations etc require some technical, implementation experience rather than pure strategy, and the majority of ex consultants that join are from Big 4/Accenture rather than MBB/T2, and they say they were favoured in the recruitment process because they have more experience in owning the E2E process of projects.
Based on the most helpful WSO content, here are the insights on exit opportunities for strategy consultants, particularly in London:
Exit Opportunities for Strategy Consultants (MBB/T2)
Entrepreneurship (37.5%):
Graduate Studies (20%):
Lateral Moves to Boutique Firms (15%):
Industry Roles (27.5%):
Comparison Between MBB and Tier 2 Consulting Firms
Exit Opportunities:
Corporate Strategy Roles:
Industry Preferences
Summary
For more detailed discussions, you can refer to the following WSO threads: - https://www.wallstreetoasis.com/forum/consulting/why-consulting-answeri…</a">Why Consulting - Answering the Interview Question - https://www.wallstreetoasis.com/forum/consulting/is-there-honestly-a-di…</a">Is there HONESTLY a difference in the quality of work between Strategy& (Tier 2 consulting) and MBB? - https://www.wallstreetoasis.com/forum/consulting/why-i-think-you-should…</a">Why I think you should take a corporate strategy gig over consulting (including MBB) at the entry-level
These insights should help you understand the landscape of exit opportunities for strategy consultants in London.
Sources: Is there HONESTLY a difference in the quality of work between Strategy& (Tier 2 consulting) and MBB?, Q&A - Consulting interview prep - firm specific questions, Why Consulting - Answering the Interview Question, Why Consulting - Answering the Interview Question, T2 Consulting Exits
I've seen people mostly exit into:
Some people also leave to start their own venture, some people leave for MBA or other grad degree with the goal to change career and dont take sponsorship (where they may go to the US and aim for FAANG PM roles, to your point)
That's interesting, thanks! Just had a couple follow up questions.
On PE: Is this largely from the PEG division? Is it mainly to MM/UMM or is MF an option too? Do they join operational or investing roles?
And also, is it possible to exit into a more hands-on role within FTSE250? I'm concerned that if I exit to FTSE250 strategy, I might be seen as a jack of all trades, master of none type employee where it would be hard to progress vs people who worked their way up in the firm rotating across operations, logistics, marketing etc.
And finally, what level do BAs/ACs exit in FTSE250 strategy? Is it a higher level than if they had started their career in the FTSE250 firm?
Above poster gave a very good explanation.
I'm from the same firm at a US office, but hopefully some of this is still relevant.
PE exits differ by tenure.
Corporate strategy / industry:
Start-ups:
General thoughts:
Overall, I'd say MBB exits, while in a downturn, are still very real and remain a huge draw for the firms.
How is the pay like for 2-4 YOE in MBB?
2 YOE (Sr Associate) is 110k base at M
In London? Thats a big jump from BA damn
Any ideas as to consultant salaries (3 yoe) at other tier 2 houses eg EYP / Monitor / S& / OW / Altman Solon etc
£60-65K base will be the typical range. Around 15% bonus.
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