Consulting Experience?

I've been reading some old posts in this forum, and some members talked about going to consulting for some experience before going to PE. What kind of consulting are they referring to? Industry specific consulting? And, why do you need such experience before going to PE? Thanks

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Jun 3, 2010

management consulting is usually what's being referred to, so your MBB experience.

Jun 3, 2010

What do you mean by MBB?

Jun 3, 2010
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