Consulting to Corporate Strategy to...?

Hey wanted to crowd source some wisdom on the topic of exit opportunities AFTER a two year stint in Corporate Strategy.

I've done 3 years in non-MBB consulting, developed as an 'expert' in a niche sector, and now have an interview to join the Corporate Strategy/Business Development team (as a Senior Analyst) for the largest company in this sector. To me it seems like a great fit for my background but not sure what I would do AFTER the 2 years or so in the position - do people normally stay on and get promoted through the ranks? Possible to make a jump to MBB? Go to b school? Or...?

 
Best Response

@"tds2006"

Pretty standard to go into a business unit after a 2-3 year stint in corporate strategy.

In what role?

This is actually an interesting question. I'm at an MBB myself, and what I see on the client side is that senior line managers are all sales people or ex-sales people. The strategy/development/planning/whatever groups that do project-based work and recruit from consulting and business schools do things very different from what line management does and develop a very different, hardly even overlapping, skill set. Higher-ups in the BUs basically manage sales people and do business development themselves (key clients).

Maybe in B2C industries like FMCG/Pharma/Telecoms/Consumer Tech it is somehow different. I have limited experience in those areas, but I can see a consultant-type person moving to brand management or something like that. At B2B companies though it's the sales people (very often ex-engineers and/or product specialists) who drive the business and who rise to the senior positions in BUs. Even someone like a BU GM or a regional VP et cetera is still very much a sales person. The only other senior people are "functional" executives - back office, like finance, HR et cetera. This kinda includes corp.strat, sad as it is.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”