I can't seem to find any old threads that address the exit opps that come after working at Accenture and Deloitte. The only information that I've gotten from reading about these two firms is: Deloitte isn't good, and Accenture is the "kiss of death". I know these two firms don't compare to MBB but you can't put your eggs in one basket (or even 3). I also would like to know about the exit opps for The Monitor Group; I think they may be better than Accenture and Deloitte.
careers after consulting: Accenture career path
Our users shared that exit opps from firms like Deloitte and Accenture will likely be similar to exits from Bain and McKinsey with the exception of private equity exit opportunities.
They have the same exit opps as any other consulting firm. If you're in tech consulting at Deloitte you likely won't get any corporate strategy exit opps, but if you're doing actual MC at any of these places, you'll have the same options as someone from MBB. Granted, you probably won't be as high in demand as if you were at MBB. In the end, people don't care about the name of your firm, they care about the quality of your experience. Generally, you will get better quality experience at MBB, but if you have good quality experience someplace else, it's not like the hiring company will reject you just because you don't have McK on your resume.
I think the only difference in exit opps between MBB and Accenture/Deloitte is in PE. MBB place well in PE, whereas it is tougher for Accenture/Deloitte. Granted, this could be an issue of self-selection, as my friends at Accenture/Deloitte are not interested and/or did not try to move to PE.
From a corporate perspective, exit ops are pretty similar. Nice mix of corporate strategy, corp dev, and even a few people going into real operating roles. Also, a surprising number go into non-profit (TFA, Peace Corps, other non-profit).
One other difference I've observed is re: grad school. I think (I do not have a large sample size for this assertion) that most Accenture/Deloitte alums who choose to attend grad school (either right after consulting, or after their job they did after consulting) get an MBA.
At MBB, a material % of the analyst class will pursue a graduate degree other than an MBA. MBA is definitely the most common, but many kids do JDs, MDs, MA/MS, PhD, etc. For example, in my MBB class, two went to law school, two went to med school, two went to culinary school (seriously), and several others went to get an MBA. Several are doing a joint degree (most common is MBA + MPA-ID at HBS/Kennedy and the Lauder program at Penn).
Anyway, the take-away is that exit opps from Accenture/Deloitte are great compared to most first jobs out of undergrad, especially if you're interested in corporate.
Venture Capital Exits from Deloitte and Accenture Consulting
Coming out of any management consulting program, it will be difficult to break into PE as you don't have modeling experience, likely don't have vast connections in the industry, and don't have detailed industry experience in HC or tech.
It is very difficult to break into VC from any firm straight out of undergrad. Unlike PE firms, VC shops do not (typically) have a large number of associates (the name of the position ex-consultants and bankers take). VC shops may have 1-2 associates, but they are mostly partners.
To be valuable to a VC shop, you must either:
- Have incredible subject matter expertise (e.g., PhD in a life-sciences or computer science field)
- Have an incredible network (e.g., know all the entrepreneurs and VCs in Silicon Valley)
- Be a proven entrepreneur
None of those three things are likely true for any person who has only done two years of consulting after undergrad.
If you really want to do VC, than start a successful business (or two).
An associate's role at PE firm is to:
- Evaluate markets to identify potential investment opportunities ("market scans") (this is done by attending conferences, meeting with bankers, and simply doing research online)
- Help execute the deal process, including modeling, doing diligence, and managing consultants, lawyers, etc.
- Help oversee the portfolio companies (run analysis on performance, assist the management team)
None of those skills are valuable for VCs. Hence, very small need for associates at most VC shops.
If you are interested in pursuing a career in VC, check out a video from the Columbia Business School about how to break into VC.
Read More About Venture Capital on WSO
- Venture Capital AMA
- Private Equity Vs Venture Capital - Differences And Similarities
- Venture Capital Associate Fielding Questions
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