Industry-Internal consultant(Engineering) Transition to Consulting

I've seen similar threads related to this but none specifically answer my questions so I wanted some advice. I work in healthcare(2-3 years experience) and I'm about 1 year into my new role which I've realized is very similar if not identical to the role of a consultant(internal). We work on business systems so a lot of our projects are linked to financial outcomes which led me to learning about this whole world of consulting/MBB/MBA pathways. I think this would be a great route for my career growth and seems very interesting, however I'm unsure about how to go about the transition. I plan to stay in my role at least 3 years(401k vesting) but while the exposure is amazing there is not much growth potential within the department, and tuition reimbursement is very low. Not sure if it's feasible to get my MBA while working here, but I'm not sure if I even need an MBA if I come in as an industry hire(5 years) with directly correlated job experience. Long term I am interested in operations and/or strategy so maybe an MBA down the line(job sponsored) is preferable, but for now, is it possible to get into a good consulting role without an MBA.

Other Considerations:
-Already making low 6 figures(However no bonus, and only 3% annual promotions)
-Good work life balance(830-5)
-Exposure to executives, and great projects
-Low tuition reimbursement

Essentially I don't want to give up my current position for a consulting job which will not be comparable/compensate my current role, and I'm not sure if I will get that without an MBA for a top school.

 

Error illum aperiam qui aut. Ipsam in nemo fugiat id ex iste hic. Odit ipsum omnis sit voluptates voluptatum et veritatis a. Exercitationem saepe illum sint hic praesentium labore.

Sed aut minus porro est sunt quis. Vel nam in cumque iste et adipisci.

Qui dolorem temporibus harum dicta adipisci dolorem dolore. Pariatur saepe reprehenderit unde ut dolor sit at.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

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 (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
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...”