Recent Graduate Looking To Get Into Consulting

I graduated as an Econ major this past December with a 3.03 GPA. I have spent my time post-graduation at a position at a recruiting firm. My goal is to get into MC at as large a firm as is reasonably possible given my current background at this point. What path should I take from here on out to achieve this? I am currently considering applying for financial analyst positions at lower level firms to gain a years+ experience before trying to move to a name brand firm. Is this a good strategy for my goal or would another route be more ideal?

 

Your econ degree won't be a disadvantage in MC. Racking up banking internships makes it harder to sell your desire to go into MC so from now on I would aim for consulting firms. Given your low(ish) GPA (no offence) your best bet is to gain experience starting small and building your way up. SA positions at boutiques and each year aim to apply for the big boys. If it doesn't work, also apply to bigger name boutiques and you can slowly work your way to MBB. Also, do you speak other languages besides English?

 

I do not speak another language. What specific advantage would that offer me exactly? What skills/experience should I be looking to get out of these SA positions that would best translate into MC?

 
Best Response

Had you spoken another language, you could have leveraged that plus the brand name of your school to apply for markets with less traffic (e.g. if you spoke Portuguese you could have applied for MBBs in Portugal or Brazil). It would also allow you to be an more valuable asset when doing pan-continental projects e.g. doing an EU5 project knowing German helps. Anyway, that isn't a concern. Generic skills would be things like data analysis, good numerical skills (quick mental maths), solid research skills (the ability to get any sort of info in any way) and an understanding of strategy and business problems. More specific to consulting would be things such as being able to estimate market sizes, coming up with strategies specific to your client or industry (not just applying frameworks blindly) and business development. For this last one if you can get leads for people to bring into your firms during your internship (even if they burn out) it shows mad initiative and that you can take on responsibility.

As for the language thing, i'm sure you'll be swamped with work but, try to start learning one (even if you get to business proficient level). It's short-term pain for long-term gain as it'll add tremendous experience and help both with your career and personal life.

 

Neque soluta aut autem ut. Magni qui blanditiis repellat. Fugit non aut corrupti aliquam veritatis.

Sed minus enim molestiae aut sint modi accusantium. Quos aut rem similique magni quis fugiat. Repellendus sunt quae ipsa quo.

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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
numi's picture
numi
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...”