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.

Thanks in advance to whomever might have some insight to share!

2 Comments
 

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):

  1. Differences in Approach to Engagements:

    • MBBs vs. ACN: MBBs typically focus more on high-level strategy and transformation projects, whereas ACN might have a stronger emphasis on implementation and operational aspects. MBBs are known for their rigorous analytical approach and often work on C-suite level issues, while ACN might engage more deeply in the technical execution.
  2. Skills Emphasis:

    • Technical/Data Proficiency vs. Strategy: While technical and data proficiency is important, MBBs place a significant emphasis on strategic thinking and problem-solving skills. They value consultants who can bridge the gap between technical capabilities and business strategy, making your background in data analytics and machine learning highly relevant.
  3. Career Track:

    • Post-Undergrad or Grad School: Both post-undergrad and grad school tracks are viable for entering tech roles at MBBs. Advanced degrees, especially those with a STEM focus or an MBA with a tech concentration, are highly regarded. Your background in data analytics and further education in machine learning and data science would be advantageous.
    • Experienced Hires: Transitioning from a competitor like ACN to an MBB is possible, though it may depend on the specific needs and hiring practices of the MBB. Demonstrating unique skills and experiences that align with the MBB’s tech practice can mitigate any potential ding for coming from a competitor.
  4. Cross-Over with CVC Work:

    • Tech-Focused Jobs and CVC: There is potential for crossover between tech consulting roles and Corporate Venture Capital (CVC) work. For instance, BCG Digital Ventures focuses on building and scaling new businesses, which can align with your interest in tech, data, and strategy.
  5. Consulting vs. Tech Company Roles:

    • Sticking with Consulting: Given your tech-oriented background and interest in tech strategy, staying in consulting could provide a broad exposure to different industries and strategic challenges, which can be valuable for future transitions.
    • Jumping to a Tech Company: If you prioritize higher pay, better work-life balance, and the opportunity to work on cutting-edge tech projects, moving to a business/revenue function within a larger tech company could be a good move. The roles you mentioned at DoorDash, SpaceX, and Palantir align well with your skills and interests.
  6. Opportunities for Transition:

    • MBB Tech Groups: Joining an MBB tech group can enhance your opportunities to transition to larger tech companies or CVC roles. The strategic exposure and high-level engagements at MBBs can make you a strong candidate for future roles in tech or venture capital.

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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