Want to potentially start a consulting club at school
Hi,
I go to a non-target and I potentially want to get into consulting. I was considering starting a consulting club, but I don't really know how, even if I manage to start one what I will do in it, and that's making it hard for me to pitch it to teachers. I don't go to a school near a major financial market and we probably have few alumni in MC firms, but what else can I do to help start this thing and make it a worthwhile club.
DIsclaimer: Not a consultant
Get a few of the case study guides and use those as materials to jump start conversations and such at your meetings. I'm fairly certain that some consulting firms make you do a group case study as part of the interview process. Your 'club' could be used as a platform for you and other interested students to familiarize yourselves with the case studies in this type of environment and improve teamwork, etc.
Just a thought.
Do a search online and find other school's Consulting clubs (I am sure Wharton has one). Email officers/members and ask them what they do during meetings? I think in the beginning the club should be a way to learn more about Consulting and prepare for IB/Consulting interviews. Search for any small consulting practices near your school--have them come and speak about their career and what it is like. You may be able to build a relationship and start placing students in part time consulting internships during the school year.....It depends on what year you are, but the two most important aspects to the club's survival is to create a weekly/daily routine that the club can learn/develop and to have strong leadership in a year or two below you. If you can sustain the club with strong leadership after you leave, the club will become a staple on campus...without it, it will wither and die in a few years.
I'm also not a consultant, but maybe you could get the school to allow you to do a project for them. Maybe approach the dean in charge of facilities and offer to do a study of how to save on energy prices by replacing old light bulbs with compact flourescents. Get creative, there's plenty of stuff like this you could do on a university campus, all you need to do is be proactive - spot a problem and pitch an idea to the person in charge.
What year are you & how close is the nearest city?
Consulting clubs can either be professional development clubs (i.e. do presentations about consulting, bring in consultants as speakers, do mock cases / case competitions) or student consulting groups (i.e. try to take on projects for local non-profits, small business, and possibly the school itself) or hybrids.
The professional development route is easier, and may actually be better in terms of networking because the whole point of existence is getting students exposure to consulting. The time commitment is much more manageable (you only need to ramp up when you're putting on an event, and you decide when the events are).
Building a student consulting group is pretty tough, but is also more rewarding. It may/might not help you network, but it does give you more hands-on experience. This is much harder to do unless you have a group of committed students and possibly some faculty. Having dedicated faculty makes it easier to pitch clients (esp. for-profit companies... non-profits generally take whatever help they can get).
Many of the big consulting clubs have some faculty involvement; some of them also bridge across undergrad & MBA programs. Some examples include Illinois Business Consulting @ UIllinois, Student Consulting Initiative @ UTexas... Google "undergrad student consulting service" for more. My experience was with an undergrad only program.
We had separate organizations for the professional club and student consulting group. The professional was nice to have but kind of useless (except for one year where the president was really good; also I might be biased here). The student consulting group was a lot more interesting, but we struggled a lot with motivation & accountability. One of the problems is we were completely student-run, so the churn rate w/ graduating seniors made consistency tough, especially since it was essentially a 2 year old organization.
Anyways, you should figure out what exactly your goal is & what kind of club you want to have. Depending on what you want to do / how big you want to scope, I'm not sure you need to pitch faculty. If you want a consulting group, find a bunch of motivated students and an advisor or two (faculty w/ experience and/or actual consultant). Then find local non-profits and think of some areas they might need help in; use those ideas as suggestions when cold calling... bonus points if you can have the advisor refer you to a non-profit they know. Then you start building credibility, get better students, better clients, and hopefully find someone to take the reins so it doesn't fall apart when you graduate.
My firm does mentoring with consulting clubs (for example, the Penn Biotech consulting club). I would reach out to your alumni in firms, or, better yet, consulting firms that recruit at your school (any regional ones that go to your non-target?)... and try and set up a mentoring/partnering relationship?
all this is great (no disrespect) but I started my own at a semi-target. Figured out who the two most beneficial phd profs that would sponsor...beneficial by contacts i mean...and started out at the micro level...all groups work on Deloitte cases and all the case competitions everyone is familiar with but mine is different. By micro level I mean working with your Chamber of Commerce (if you have a small internships and have them sit as your panel. Its easy but you gotta do do do. Just be presentable in everything you do. Develop a good website etc. It takes time and years of work to establish a good consulting club but with the effort it can be done. Plus leave your mark. WRITE THE CONSTITUTION yourself. Shows leadership. Join the UGRAD consulting group on here (i started;) ) and network with other groups like that.
Starting a consulting club (Originally Posted: 12/07/2012)
So, I am starting a management consulting club at my large, public university, and I was wondering if you guys could offer some advice.
I looked through Darden's consulting club website that has a list of "useful links," mainly just other B schools consulting clubs, but most require a login, so I can't see anything.
What resources should I look at, or have any of you guys had personal experience running these clubs? The objectives of the club are going to educate the students on management consulting, case preparation, and networking events with management consulting firms.
We are still in the infant stages, but I would appreciate any advice.
Three functions: get firms on campus, educate students on consulting, offer tools to aid case prep. Sounds like you already know what to do. I'd reach out to alumni at firms for their advice.
I've run a consulting club of the type you're describing, so feel free to PM me.
I agree with The Boss. Ask yourself what you want to gain from the the club besides a resume line. That could be case practice, attracting speakers and alumns, and/or giving related lectures.
ManagementConsulted has a pretty good article on the subject.
Definitely reaching out to our large alum base and I want to focus mainly on case prep and building strong relationships with the firms.
pnb2002, I do not have the ability to PM, but will do so when I can.
Imcguire, I will take a look at that article. Thanks!
Doloribus doloribus rem laboriosam et quasi praesentium saepe similique. Nihil enim et quidem. Beatae dicta distinctio saepe consequatur et. Sit architecto eum numquam quod voluptas ab. Omnis magni molestias ut optio magnam maxime.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...