Strategy consulting Q&A
STEM undergraduate from top UK university
Happy to share personal experience, from application to day-to-day, my thoughts who consulting is suitable for (e.g., rationale for jumping from STEM to consulting), how to best prepare for interviews , "secrets" I wish I knew before joining etc.
Experience in PE DD and corporate strategy.
Interning in MBB consulting next summer - would love to hear any thoughts you have on the industry (work, lifestyle, exits, etc)! Super broad, just anything that comes to mind
Work depends quite a lot on the type of project you get staffed on.
Pace of work (typically): DD >> Strat >> transformation
Length of project (typically): transformation (6-18m) >> Strat (6-12 weeks) >> DD(2-8 weeks)
Life style also depends if there will be travelling, seeing as you are interning, probably not much and may have more time to yourself
Exits: depends on tenure, generally you see a slight outflux of peeps every c.2 years of tenure, common ones are corporate strategy, PE houses (esp. for consultancies with lots of DD exposure)
Not sure if this is the norm lately but after I hit the ~1 year mark as a mid-level consultant, I started getting a lot more inbound from other consultancies for interviews lately. No recruiter reached out ot me before then. Mix of strategy / transformation work (no DD).
Imperial?
Exits…. Quality + trends + breakdown between startups/corporate/pe
Exits: depends on tenure, generally you see a slight outflux of peeps every c.2 years of tenure, common ones are corporate strategy, PE houses (esp. for consultancies with lots of DD exposure)
Trend: heavy adoption of AI across the board, firms that lean in will 1. need to rethink their business model re. fees and 2. making sure you as someone in the firm knows how to leverage AI properly
Breakdown: startups kind of minimal, corporate / PE split is c.50/50
Secrets for success? Long term goals? Salary/hours progression for US teams if you know them?
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