Hey Monkeys,
So, I've been taking an interest in strategy consulting. Does anyone know how likely it is to lateral into Deloitte S&O, Accenture Strategy, Oliver Wyman, etc. after their first year of post grad work experience?
For reference, I work in IM for GS/MS. I love the responsibility, but I really love examining macro, C Suite problems and presenting my opinions and analysis. Plus, it seems fun. Any opinions on laterals?
- I have some silver bananas to give.
Bumpity bump
Seems very doable. I know a few bankers that have made the switch, and you're not gunning for MBB -- your bar is a bit lower.
Do you know of anyone who would submit your resume? That's pretty helpful, as sometimes getting an interview through web submissions can be tough.
If you don't, I'd start reaching out to people "cold" on linkedin, asking for informational time. Eventually one will get the hint and may offer to submit your resume.
Will Deloitte, Accenture, etc. understand/ value finance work? Will they be open to laterals?
They'll value it somewhat. At my MBB, we value it somewhat, at least. It's not as good as consulting experience, but still good experience at a name brand firm.
I just lateraled to one of the firms you mentioned, however I worked for a competitor before. In my case they fully recognized my experience and put me on the same level or slightly above of the career level at my old firm (new firm has a different career model, so not 100% comparable). With non-consulting experience it is usually more difficult and if you have only worked for one year, you will have a hard time joining at a higher position than a fresh graduate. A friend of mine joined after 2 full years in IBD at a tier 2 BB and his position was that of someone who had been in the company for 1 year. Normally you will have an advantage though in the first promotion round as you will probably have a head start compared to your non-experienced peers
breaking into strategy consulting (Originally Posted: 01/22/2011)
atm i am in sales and trading of top tier BB. have a 2.1 from oxbridge in a prestigious degree. was thinking of getting into strategy consulting. i see myself of doing my own business in the future. thats why s&t is not as appealing to me atm.
whats the best way for me to approach my situation? apply for their grad roles and when is the deadline for that? i m flexible on any country really (i m based in uk atm)
I would obviously prefer something like mckinsey, bcg and other top ones.
You write like a complete moron...
What don't you like about S&T specifically that you think would be better in strat?
accounting is the best way to get into running a business. Before the haters jump on a give me loads of examples of people that didn't do it, over half of ftse 100 ceo's have ACA or similar.
Consulting will give you a look a business from the outside, accounting from the inside. However, the Mckinsey's etc. are pretty solid for it too. I can tell you from first hand experience though that accountancy is dull (left it pretty sharpish to do HF trading. No idea about consulting.
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