Comments (21)

Jul 6, 2011

lol

Jul 6, 2011

Do you find it fun to:

  • Be sent to Bumblefuck, Idaho?
  • Work 13 hours a day?
  • Spend 3 nights a week away from home and a lot of hours in airports/airplanes?
  • Do ppt formatting, excel modeling?
  • Interact with exceptionally smart and driven people?
  • Think about how can you solve your client's business problems?
  • Being constantly evaluated about everything you say/write/think?
  • Work in small AND big teams?
  • Be paid 40-50% of a banker and work 20-30% less?
  • Eat in the best restaurants with a pretty lax expense system?

I find it to be pretty intelectually stimulating, which means it is also intelectually stressing. People in consulting are more fun than in finance overall and I've seen both sides of the coin. As a partner, you work less hours but have more pressure, travel more and you can tell people to do your mundane tasks.

Jul 6, 2011

I get stimulated by consultants all the time

Jul 6, 2011

I enjoy all of these responses, for various reasons ^^^^.

Jul 6, 2011

WoowWOwowowwww, so consulting IS fun. Who knew? I'm in the wrong career!

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2,037 questions across 209 consulting firms. 11 Cases developed by a McKinsey Associate, 10+ hours of video. The WSO Consulting Interview Prep Course has everything you’ll ever need to ace your consulting case interviews. Learn more.

Jul 6, 2011

Haha, I'm interning in MBB this summer and loving every minute of it. I find the work incredibly stimulating, but more importantly, the culture of the firm I'm at is incredibly supportive and everyone is both friendly and brilliant. We have intern social events every week and everybody in my class is really enjoying it, plus the work everyone is doing is vastly different. We all use powerpoint and excel, but the PMI I'm working on is different from the org-restructure, cultural transformation, sourcing, supply chain efficiency, or high-tech strategy cases some of the other interns are working on.

It's absolutely true that consultants get paid 40-50% less than bankers, but only work 20-30% less. That said, those marginal hours (especially being able to sleep 7 hours a night and not having to work on weekends) are worth every dollar, and so is not having to be mired in toxic banking culture and the variety of work we're exposed to. Our benefits are also unbelievable, and all those expensive meals we eat (and all the other expenses) are tax-free. Honestly, I can't believe I'm going to be paid $125k+bonus+benefits next year for doing this.

By the way, what company has it's HQ in Bumblefuck, Idaho? I can only think of one person in my office that's on a case in a rural area. About half of us are local, and everyone else is in a major city - you know, where the companies we work on are.

Jul 6, 2011
redninja:

Haha, I'm interning in MBB this summer and loving every minute of it. I find the work incredibly stimulating, but more importantly, the culture of the firm I'm at is incredibly supportive and everyone is both friendly and brilliant. We have intern social events every week and everybody in my class is really enjoying it, plus the work everyone is doing is vastly different. We all use powerpoint and excel, but the PMI I'm working on is different from the org-restructure, cultural transformation, sourcing, supply chain efficiency, or high-tech strategy cases some of the other interns are working on.

It's absolutely true that consultants get paid 40-50% less than bankers, but only work 20-30% less. That said, those marginal hours (especially being able to sleep 7 hours a night and not having to work on weekends) are worth every dollar, and so is not having to be mired in toxic banking culture and the variety of work we're exposed to. Honestly, I can't believe I'm going to be paid $125k+bonus next year for doing this.

By the way, what company has it's HQ in Bumblefuck, Idaho? I can only think of one person in my office that's on a case in a rural area. About half of us are local, and everyone else is in a major city - you know, where the companies we work on are.

Well, I am not in the US but I am at a MBB firm (even if my profile does not say it - I am in a job transition process) and even though I am not in the US, I have been sent to an engagement in a city equivalent of Bumblefuck. My firm's office is in the major city of my country.

I agree with everything that you said, except for the last part. I was just trying to expose the good and the bad in the job, so you can balance what is "fun" and what is not.l.

Jul 6, 2011

.

Jul 8, 2011

I agree with most of what has been said. The excitement of a young buck like redninja that most of us started out with wanes a bit after a couple years of the same thing. Can't compare to finance, but there is a big lull in the middle of a consulting career (b/t 2/3 to 5/6 years) where you are just relatively cheap labor waiting around to move up. This can be tough, but pushing through it is worth it if you like what you're doing. If you're into consulting, get the MBA early...don't be charmed into waiting around.

Jul 8, 2011
TopDGO:

If you're into consulting, get the MBA early...don't be charmed into waiting around.

I wonder if you could expand on this. Are you suggesting that even if you're a top-performing analyst/associate who is given the opportunity to be promoted to the post-MBA consultant role without leaving for an MBA first, you'd be better off getting the MBA "now" anyway? If so, why? Thanks for your insight.

Jul 8, 2011
PEsomeday:
TopDGO:

If you're into consulting, get the MBA early...don't be charmed into waiting around.

I wonder if you could expand on this. Are you suggesting that even if you're a top-performing analyst/associate who is given the opportunity to be promoted to the post-MBA consultant role without leaving for an MBA first, you'd be better off getting the MBA "now" anyway? If so, why? Thanks for your insight.

I would recommend 3-4 years out go and get an MBA. Yes, you can be promoted to Associate w/o MBA if you're doing well. But it becomes a problem later on when most of your colleagues you are competing with for that partnership spot have a top-tier MBA AND are also doing really well. It's more a long-term investment rather than immediate returns. Though the problem is an MBA Associate doesn't make all that much more than non-MBA Associate from what I've seen. So, the immediate rewards is not the factor, but future returns.

I've help my firm setup UG-internship experiences. It's mostly company presentations, "more interesting" projects, happy hours, team activities, and usually local projects. Not so much when starting work full-time. It CAN, but depends on the project. Lots of time, I travel and rarely see home office and miss a lot of the happy hours. Consulting firms do try and provide more avenues to socialize and "network", but that is difficult if you're at a client site all the time. That said, I do like consulting a lot. It's interesting work (sometimes), mundane other times. But it beats my previous internships at F100 companies I worked at. I'm pretty good at what I do and like it. Good benefits, decent enough hours, smart and fun colleagues (most of the time), and decent enough pay to live very comfortable.

Jul 8, 2011

As a current summer internship IB analyst, I envy what you guys are describing.

Jul 6, 2011
waterbucket:

As a current summer internship IB analyst, I envy what you guys are describing.

Relax man, you can buy happiness later with your bonus (not sarcastic).

Jul 9, 2011
Nutry:

Relax man, you can buy happiness later with your bonus (not sarcastic).

You are a tool and a fool. Satisfaction with one's day-to-day work is actually very important.

That bonus feels good for like 36 hours:
http://en.wikipedia.org/wiki/Hedonic_treadmill

Jul 9, 2011

Definitely consulting>>>>>>>>>investment banking.

It seems to be an inviolable law of physics in consulting that they don't hire assholes.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 11, 2011
holymonkey:

It seems to be an inviolable law of physics in consulting that they don't hire assholes.

I'm not sure my ex-girlfriends would agree with this statement.

Jul 9, 2011
petergibbons:
holymonkey:

It seems to be an inviolable law of physics in consulting that they don't hire assholes.

I'm not sure my ex-girlfriends would agree with this statement.

Are you saying they are assholes or they've seen assholes at consulting firms?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Jul 14, 2011
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