Why is Engineering So Important for MC?
I'm just curious, why is it that engineering is so important to a lot of the top management consulting strategy houses? I know that they are typically well-regarded due to their reasoning ability and course rigor, but is that it (although that is important)? I'm going to be majoring in finance and if I get interviews at firms, how can I either demonstrate good problem-solving abilities and are there any characteristics a finance person will have over an engineer that I might be able to emphasize if confronted with such a question (I'm applying to Asian offices so there a good chance they may ask that given how much they love quants over there)? Also, what can I do in the meantime to strengthen my consulting/problem-solving skills?
A basic principle behind engineering is abstraction and simplification into models, which you then learn to adapt and modify to simulate problems and create solutions to various situations. Much in the same way, consulting attempts to simplify and model various business processes and operations, and that mindset comes in extremely handy in consulting.
That and programming's rapidly becoming a huge part of cases (worked in MBB for a summer, programmed in VBA, SPSS, SAS, and SQL), and engineering students typically have some background in how to program.
So basically, it's not possible to break into consulting as a finance major since I'll be lacking in problem-solving and programming skills then huh?
I think the skillset of an engineer fits well with consulting like the above poster mentioned...additionally engineering doesn't pay very well for the most part. (Not necessarily immediately but over time because the salaries dont go up that much) which is why i think you find alot of engineers pursuing MC.
I think a decent % of the people that get hired into MBB studied something business related in undergrad, as long as its something quantitative and not something fluffy. I don't think you'd be at a disadvantage to engineers as a finance undergrad, you are just going to have to answer the question why aren't you going into banking instead of why aren't you going to be a programmer at a tech company etc.
The key to consulting interviews is being able to do cases, though you can practice cases I think there is an intrinsic problem solving ability that you have or don't have. On that note, I think engineers tend to be people who have that ability...otherwise they'd really blow at engineering. If you have it, I really wouldn't worry.
Practice cases with MBB alums etc, you'll see if you're good or not that way. (If you can't find any, try Chris's Wall Street Mentors)
sent u a pm
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They hire sociology majors? Did those guys go to ridiculously good schools or something, because you guys said to choose something quantitative and as far as I know, sociology isn't very quant aside from a bit of stat...
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Yeah i'm an eecs major, so they kinda shafted me with the shitty programming cases. Other interns were wharton huntsmen and jerome fischers who played around with matrices and excel and built decks =P
We had a Brown Eng major, Vanderbilt Math major, a few UT engineering honors people, UMich Ross business majors, etc
About half of my MBB class has studied something quanty (math, engineering, physics) with the latter half having studied something among the social sciences or humanities (with a great bias towards econ, but there are loads of poli sci, english, etc.)
Don't sweat it. You can get in with any major, though you may have to play a bit of catch up in the excel arena etc. just as a math major might have to learn some basic econ to get up to speed.
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Unless they can't communicate effectively. Half of the job is figuring out the problem, the other half is effectively persuading your case team and stakeholders that you're 1) the company for the job and 2) to listen to your suggestions. During my summer, I saw brilliant math/science/eng majors completely fail because they couldn't stand up in front of their case team and present 5 slides, and I saw way less quant and technical business kids talk their way to a FT offer.
true, you need to be well rounded. i am bias however, being a having a science/business background.
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