Hey all -- was just curious to hear how recruiting is going at some of the Top 15 programs for consulting this year if anyone has any idea -- I'm waiting to hear back on Duke and Yale over the next month but was invited to Cornell for their scholarship weekend but I heard their consulting recruits didnt go very well at all for summer internships... wondering if anyone could speak to Duke or Yale? Also, I know that MBB and other consulting firms hire more for FT than for interns (what is the logic for this btw haha just not so many places to staff them for short times in the summer?) so should this lower number of summer intern hires not be too worrisome? I know Cornell has ties to Bain Dallas ....
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Don't know about Duke/Yale/Johnson. At M7 (outside of HBS/S), and McK and BB's cleaned up. 50-60 kids went to Bulge Brackets. McK/BCG/Bain hired a ton. Out of all the kids I know, only two or so didn't end up at MBB.
Is there no way you can lever up and head to a CBS/W/Booth/Kellogg? Those are arguably the strongest feeders for consulting companies. Johnson is good, but not great. Not many kids end up at MBB, and those that do end up in random cities where they're hiring and can't get anyone to fill spots. I would prob choose either Fuqua or Yale given your three schools.
I heard the consulting interviewing was going failry well at Johnson, but it definetely helped to list a Minneapolis or Cleveland versus a NYC or Boston. I would say Fuqua is your best of the three mentioned.
Outside of the M7, getting a MBB job is very difficult. But hey, the job market could be very different in 2 years, so you never know. Just bust your ass off on the case studies like your life depended on it.
^ not true. lots of MBB at Fuqua this year, send me a PM if you want
What about Ross for MBB?
I can't provide a wide set of data on this, but I know Ross places well at Deloitte, AT Kearney, etc. I don't know specific examples, but I've heard the placement into MBB in Chicago is decent.
http://www.bus.umich.edu/EmploymentData/TopHiringCompanies.htm
Don't be worried by the low summer associate numbers. This job is a walk in the park and you get paid asinine amounts of money compared to the value that you actually add to the firm (honestly have seen summer associates fly home on a wednesday night and dick around in the office thursday/friday). Also, there are a lot of perks besides hourly wage that get grouped in with summer interns (larger signing bonus, tuition reimbursement, etc).
Essentially they only hire those that they know for a fact other firms will steal if they don't snatch up and spoil them. Consultants get so jelly.
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Redninja's report soundds about right. Spoke to a first year at an m7 who said:
yeah definitely seen and understood all this -- so where do the people go who do NOT get a summer internship in consulting? fortune 500? internal strategy at f500 firms or whatnot?
i think if i ended up pigeonholed into doing f500 cuz i didnt get into consulting vs doing equity researcho r the like id be verreh upsetted :>
If you are dead set on consulting, you can do something about now, which is to practice your cases. And don't just memorize frameworks, dig a level deeper and truly teach yourself how to think in a structured way.
I would also point out that all the schools you mentioned are good, and plenty of spots are available for a variety of firms at those schools. I will repeat the analogy I used on another thread, which is if someone really wants to play D1 hoops, they will play whether or not it's at Kentucky or a crappy state uni. If you really want to do consulting, you will pull it off - the question is simply where.
and re: johnson yeah i know bain dallas and mckinsey pittsburgh are the big ones..
hey kentucky and uconn and kansas are all stat univs for d1 hoops haha
yeah -- and maybe im totally off on this -- but the more and more i look at the cases and PST and case kind of math the more and more trading actually seems like it will help me in terms of the thinking.. like if ABC happens to XYZ stock what are some of the periphery events and stocks that you can make trades off as secondary effects kind of helps the thinking of what other things could effect what in terms of consulting. also, the math seems easy compared to some of the trader quick math :) so i think ill have a leg up on that
Oh those schools, Fuqua gives you the best shot to get to MBB, but none of them give you as good a shot as M7's. You'll most likely be competing for fewer spots, and as others said, different locations. The good news is, if you just want to be in consulting, they all have pretty strong placement into 2nd tier firms and boutiques, and there's really nothing wrong this those.
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