Technology Consulting at MBBs - What does that entail?
Currently working as a Mgmt Consulting Analyst at ACN, focused primarily on transitioning to the Data & AI practice area.
For some context, my undergraduate degree is in Data Analytics from a target school, and I also pursued further education in machine learning and data science during and after school (due to delayed start date).
While in that undergrad program (most of which took place during lockdown), I was able to work FT at tech startups in their Seed-stage to Series A stages. Mostly consisted of standing up analytics and reporting, developing NRR strategies for post-sale revenue goals, supporting/developing GTM strategies for revenue side of the house, high and low touch relationship management activities, and building automation/workflows for Revenue Operations/Product/Customer Success/Customer Experience teams within CRMs and other tools.
In those positions, I learned how to own a lot, how to work with nominal resources, and how to iterate/deliver quickly. For this reason, my experience at ACN thus far has been awesome/fairly easy from a “standing out” perspective. Hoping to dig further into tech and data strategy while here. Primarily focused on E2E project management, building tech strategy/implementation exposure, and other core competencies for tech projects, but I think I will be prioritization maximizing total comp soon.
Recently, I’ve noticed that there appears to be more opportunities to do tech work at the MBBs (eg, Tech Insights Group at Bain). Been seeing a lot more jobs posted in those areas, so I’m curious:
- Does anyone in any on here work in the tech practice areas? What makes them different from an ACN and its approach to engagements?
- Regarding skills, do they care more that you’re technically/data proficient? Or is there still more of an emphasis on strategy?
- For tech roles, is the best track still likely to be post-undergrad or grad school? If so, are other types of grad degrees welcomed for tech groups (eg, maybe a more STEM-focused MBA or a Master’s in something tech-focused).
- For experienced hires (if even possible), do you get dinged for applying from a competitor?
- Is there any cross-over between tech-focused jobs and some of the CVC work? (eg, remember seeing once that someone jumped from ACN to BCG Digital Ventures to work on a growth team)
- Given my tech-oriented background, is it worth it to stick with consulting? Or should I prioritize getting the experience needed to jump to a business/revenue function within a larger tech company?
- Context here is I had already committed to ACN (and received a bonus), but during my delayed start wait time, I received outreach for roles with DoorDash, SpaceX (Starlink), and Palantir (company context is I’m based in DC, hence the defense tech).
- All were very interesting to me, as they rest at the intersection of tech, data, and strategy work, but I didn’t want to make the mistake of jumping out of consulting too soon (despite higher pay, better WLB, arguably cooler work + security clearance) at the risk of being pigeon-holed; hence, my questions around moving to an MBB tech group, where I’d assume the opportunity to transition to larger tech companies or even to CVC working with tech startups would improve.
- Context here is I had already committed to ACN (and received a bonus), but during my delayed start wait time, I received outreach for roles with DoorDash, SpaceX (Starlink), and Palantir (company context is I’m based in DC, hence the defense tech).
Thanks in advance to whomever might have some insight to share!
Based on the highest ranked content on WSO, here are some insights into technology consulting at MBBs (McKinsey, BCG, Bain) and how it compares to your current role at ACN (Accenture):
Differences in Approach to Engagements:
Skills Emphasis:
Career Track:
Cross-Over with CVC Work:
Consulting vs. Tech Company Roles:
Opportunities for Transition:
In summary, your background in data analytics, machine learning, and tech startups positions you well for both MBB tech consulting roles and strategic roles within tech companies. Consider your long-term career goals and the type of work environment you thrive in when making your decision.
Sources: Is tech all that or nothing more than a buzz word?, Confused Scientist: Where do I fit in? Strategy Consulting, Venture Capital, et al., Tech As An Alternative to Finance, Tech As An Alternative to Finance, Corporate Finance Q&A with accountingbyday, BJM85, STorIB, and djfiii
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