I was recently contacted by a recruiter from Deloitte about a position with their S&O group. Previously, I assumes I'd need an MBA to transition into consulting but after the phone interview they asked me if I was interested in coming in and going through the formal process. Is this something the MBB shops do as well? If so, what are they looking for and do I have a shot?
Quick summary of my background: 2.5 years with F500 CPG firm as FA I/II, 2 years with mid-cap tech company as Sr. FA and 2 years as Director of FP&A (Lead analyst on multiple acquisitions although both fell apart at last minute, 1 divestiture and a restructuring with 15% workforce reduction). GMAT: 720 GPA 3.4 from non-target state school
That sounds pretty sweet. S&O is nothing to sneeze at by itself. As for MBB, maybe find out what got Deloitte interested in you and emphasize that if you apply to MBB.
MBB target experienced hires from non-MBA and even non-business backgrounds. What they look for is impressive candidates, not a particular background (any MBB website will explain what specifically the company is looking for). In addition to that, as an experienced hire the experience you bring in terms of industry / functional knowledge has higher importance than for traditional ugrad/MBA hires.
OP, no value add here I just couldn't help but notice that we have the same exact profile, right down to work experience, job titles, GMAT, and GPA, though I ended up going for my MBA. PM if you'd like to discuss some add'l career options from this point
FYI one of my buddies with similar experience is now at MBB as an experienced hire. He was recruited after submitting his resume online, so it's not impossible. He had extensive background experience in both corp fin. and operations, and went to a top 10 target undergrad.
I was at a tier-2 firm, and now I'm at MBB.
(1) MBB used to reach out to partners at my tier-2 firm frequently. One partner I worked with a bunch even played voice mails of the recruiter to me one time.
(2) They didn't reach out to me, but a friend submitted my resume, and I was able to lateral without much of an issue
Don't mean to hijack this thread, but @"BigPicture" were you in the strategy group at your tier-2 firm or did you move into an ops role at MBB? Curious because I've heard that, say Deloitte, is known to have better a ops practice than some of the MBB. Is that even true?
This is an older thread, but just curious on what the interview process looked like when you switched. I am about to start interviews with an MBB firm, and I am currently at a big 4.
How were the interview questions? Did it feel more general, or was it more specific to your experience?
i wasn't at a Big 4, so we didn't have a "strategy" group. I was aligned to an industry vertical, and not part of the operations practice.
At MBB, I'm soft aligned to an industry vertical, and I do a fair amount of ops work, although not formally part of the ops practice. I came in as the same career path as a "generalist" from business school, although a bit higher in the chain.
I won't say if Deloitte's ops are "better" than some MBB, as "better" is pretty generic. I will say that I'm pretty certain that Deloitte's rates for ops work (or strategy work) are significantly lower than MBB.
That said, I'm sure projects exist where MBB bid a lower price than Deloitte S&O for a few reasons including their making of an investment to get a foot in the door, or because they proposed a smaller team / scope. At comparable scope and without making an investment, MBB charges more.
Who is "better?" who knows.
True, better wasn't the right word. I guess I was thinking along the lines of MBB lowering their bids to much lower than their base rates but not necessarily lower than S&O (to account for their much better brand recognition overall).
Thanks for the background though, I appreciate it.
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