management consulting vs economic consulting

How do they compare in exit options/prestige?

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HoldenC

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13y

The exit for econ consulting is a PhD program

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I’m standing on the edge of some crazy cliff. What I have to do, I have to catch everybody if they start to go over the cliff—I mean if they’re running and they don’t look where they’re going I have to come out from somewhere and catch them.

shirking

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13y

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HoldenCThe exit for econ consulting is a PhD program

No offense, but I wholly disagree. At the more prestigious economic consulting firms (Cornerstone, Analysis), placement into top MBA programs is very common. At Analysis Group for example, one year one of the offices had 7 analysts going off to graduate school, 6 of whom were going to top 5 MBA programs. Similar story at Cornerstone.

That said, not all economic consulting firms are created equal. Econ consulting firms as a whole are much less known, so prestige takes a significant hit (vs. mgmt consulting) unless you're at one of the big name companies.

As for exit opps, management consulting generally opens more doors if compared to an econ consulting firm of similar prestige. Econ consulting, due to its heavily analytical nature, will bode well for more quantitative tracks in business or graduate/Ph.D programs.

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