Comments (38)

Dec 9, 2008

Nobody gives a shit about fourth-tier careers. Stop making these threads about ops, seriously.

    • 2
Dec 9, 2008

lol, its ironic that your username is humblethyself and you post a comment like that. just my 2 cents

Dec 9, 2008

I'm pretty sure the time for snobbery about ops is over. Lot's of people would kill for an ops job now. Plus, I don't think, even in the heyday, ops was a "fourth tier" career.

Dec 9, 2008

humblethyself, with that attitude you will be quick to be snatched up by cuomo, why dont you throw the ego in the backseat for 2 years

Dec 9, 2008

If you are some sort of whiz kid from NYU with really sound excel skills.

Dec 9, 2008
KMM:

If you are some sort of whiz kid from NYU with really sound excel skills.

You stole my post. Hilarious

Dec 9, 2008

serious answers please

Dec 9, 2008
studentx:

serious answers please

So I take it that you have given up on the dream?

..goal seek buddy, cmon.

We're about to enter a Great Depression.
Don't you want a president who's already dressed for it?

I'm making it up as I go along.

Dec 9, 2008

If you only knew how many people are doing whatever they can do right now to get an ops position in buyside firms. I'm talking guys with previous BB IB experience. Is it their ideal dream job, maybe not, but its experience and if it's with a reputable firm, it doesn't hurt - if you do well there and they like you, moving into something with more of an investment role/position, suddenly becomes a lot easier once your foot is in the door.

Dec 9, 2008

i think people are pretty much getting at studentx because..well you should see the thread "the prestige"

u'll see why ppl are getting on him about ops.

We're about to enter a Great Depression.
Don't you want a president who's already dressed for it?

I'm making it up as I go along.

Dec 9, 2008

First make sure you know the difference between BB "operations" and "operations" consulting; they are two completely different jobs.

An operations position at a bank would entail things like reconciling trade accounts. You're basically the third man down the line from the trader, with trade support being the middle man.

Operations management involves product development, production & distribution. You manage things like purchasing, inventory control, logistics, etc. So a consultant would advise on these areas.

In short, the skill set from BB ops wouldn't be particularly transferable to operations consulting. But if consulting is something you want to do, just make a concerted effort to learn about the focus areas and wait for business school.

Dec 9, 2008

Haha thanks for rectifying that cornelius.

Dec 9, 2008

PM me

Dec 9, 2008

PM Sent. Thanks!

Dec 9, 2008

What was the follow up?

Care to share. I am curious

    • 1
Dec 9, 2008

lateral, probably hard--business school would make that a lot easier. but if you're interested in process improvement/project mgmt, you'd probably be better suited to go to a more supply chain consultancy or something like that. MBB would still be a stretch I think even with b-school since in general ops is looked down upon (most former finance people i've seen at MBB are former ibankers or some other FO position, or from finance in industry ie GE, Amex etc)

Dec 9, 2008

in this environment, i think everyone is equal
do what you feel is best. impossible is not an answer

Dec 9, 2008

Could you define "diversity candidate"?

Dec 9, 2008

doesn't that just mean not white?

Dec 9, 2008

consultant09-correct

Dec 9, 2008

no, it means black or hispanic.

asians are not white, and decidedly not diversity candidates.

Dec 9, 2008

ummm pacific islander? hello?

Dec 9, 2008

At the MBB I was at last summer, "diversity" was defined as being hispanic or black.

(Which was sort of bullshit - one guy was from a really poor Flipino family and wasn't considered "diverse" while the guy from an incredibly wealthy, well-educated Cuban family was)

Dec 9, 2008

For me it was slightly easier. I just recently got an offer at a smaller consulting firm but with partners and managers that are ex-MBB. I think having a BB on my resume helped but I still had to network and was able to get an interview through a referral. I went through 3 rounds of case interviews, 1 behavioral and 1 presentation in front if Engagement managers. I also had a couple interviews at start ups for strategy postions.

All in all, it makes it easier to break into other industries as long as you network really well. Not so sure if IB is possible from back office without some serious connections or getting an MBA.

Dec 9, 2008

@wannabeconsultant999

Was your operations stint full time or was this an internship in undergrad?

Dec 9, 2008

Sent you a pm

Dec 9, 2008

Also interested

Dec 9, 2008

simply put, having a brand name like GS will certainly open doors for you in MC. However, it would be difficult to get a job in MC after GS. Typically people go to bschool then into MC if not straight out of undergrad.

"The cheaper the crook, the gaudier the patter"

Dec 9, 2008

The short answer is yes - despite what some people will have you believe here on WSO there is opportunities to move from BO to FO (especially if you target industry-focused boutique MC's or Tier-2 shops). Currently working at a boutique MC where our most recent analyst class ranged from fresh graduates from Ivy targets to a guy who spent several years in the MO / BO at one of the major BBs.

Dec 9, 2008

That's a huge relief! But how does one get connections to these boutique/tier 2 firms when I literally have zero alumni connections? Simply cold calling? Do you think having a BB on my resume will make a difference when applying for jobs online as well?

Dec 9, 2008
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