Data mining and MBB

thrillerrr's picture
Rank: Chimp | 8

I have recently got accepted to MBB, and I will start 4 months later. I have recently become interested in Big Data Analytic, Data Mining etc. I was wondering whether It might give me an edge in my future consulting days. Has any MBB consultant had used machine learning or had general understanding of the subject helped him in a critical way.
Thanks in advance.

Comments (17)

Apr 30, 2013

I'm interested to know as well! Business Intelligence & Analytics (BIA) has a lot of potential, would love to see if anyone could provide their 2 cents.

Personally, I am interested in IB/S&T but there are already an abundance of biz/finance graduates and unsure if I should explore other like Business Analytics or QF. Especially so, some of the algo/prop shops use BIA for their analysis and trades. I've dabbled with SAS for my coursework during my time at the Polytechnic, it was quite interesting.

In recent years, there is also a very large emphasis on Big Data by MBB. That said, BIA is a very complex field as it requires data management, mathematics, statistics and technology. I guess one of the key concerns of BIA that is companies lack of proper technology and data frameworks before even mentioning about the analysis portion and with the increase adoption to cloud computing. Hence it has a very large pool of potential prospects but there are not much professionals or data scientists to meet the demands. But I guess it would require a bit of a technology/statistical background to be involved in this field.

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A bit of a background info, just graduated from the Polytechnic (in Singapore), currently awaiting for enlistment and interned at Microsoft previously.

May 1, 2013

1. Lololol no idea why you're not at IBM if you're interested in that field. We're like the industry leaders in Big Data (double the market share of #2)

2. McKinsey is building its own Tech practice, McKinsey Solutions. If you're there you might want to take a look.

3. You can PM me for general stuff with Big Data; that's an area I have experience in.

May 1, 2013
Xepa:

1. Lololol no idea why you're not at IBM if you're interested in that field. We're like the industry leaders in Big Data (double the market share of #2)

How about SAS, are they highly regarded in the industry? I feel like they are underrated.

May 4, 2013

McKinsey has been posting a lot of stuff on their Insights page about big data recently, so I'm guessing everyone is becoming increasingly concerned about this.

May 4, 2013

I think it depends a lot on the program. I should be submitting a few applications next week for analytics programs, where are you looking so far?

May 4, 2013

I'm looking at Northwestern, North Carolina State and a few other programs that don't require as much work experience.

May 4, 2013

bump

May 4, 2013

From my experience, the type of roles that people with these degrees get hired for are typically not the standard client-facing roles.

Instead, they get hired as experts in analytics that teams can either use for a day or two of support on a specific question all the way to being a full member of the team for particularly analytic projects.

Of course, this is a pretty generalized answer and your mileage may vary depending on your networking, the rest of your resume, etc.

May 4, 2013

you sure are asking a lot of questions today
anyway, big data is better for finance, not really management consulting

happy to give advice; no asking for referrals please

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May 4, 2013

Not entirely accurate. MBB are all starting to use big data, machine learning, artificial intelligence, etc. to solve problems. There are many situations in which applying these methods didn't seem appropriate, but people are rethinking it. Google HR applying big data to predict employee outcomes is a great example of this.

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May 4, 2013

Big data is going to continue to play a bigger and bigger role in every industry. Consulting companies will have to keep up with the trend.

May 4, 2013

Interesting. Is being proficient in SQL or more advanced languages something that is considered of value in any financial roles? ( I have no experience in the industry)

May 4, 2013

Will it help being proficient in Artificial Intelligence or whats important for consulting after big data.

May 4, 2013
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