What should I do? Consulting vs Research
Hi all I'm currently working at a big4 advisory division. Been thinking about pursuing consulting (specifically MBB and AT Kearney). A few days ago, a McKinsey HR happen to reached out to me on Linkedin offering the opportunity to be a junior research analyst (financial institution). Generally I am more interested in the consulting track due to 2 reasons: (i) client facing (ii) being a generalist. But, a part of me feel like this is opportunity presenting itself and currently am considering research for a few reasons: (i) high pay still, prolly less hours? (ii) its Mckinsey, so the brand name (iii) possibly can move to consulting track? (iv) great opportunity for insights generation.
Anways, the HR mentioned that they're hoping to close applications in 10 days, so interviews will be fast paced. So I'm quite concerned for underperforming since I havent done any prep for case interviews.
Please help answering these questions:
- What should I do?
- If you think I should pursue research, what do I do with the fast paced interview timeline?
- If you think I should pursue consulting track, what do I say to the HR? should I turn the research opportunity down? is it possible to ask them about business analyst role instead?
I don't think anyone can really tell you exactly what you should do, as it depends on your values and goals.
However, to clarify a few points, research at consulting firms is a "back office" role. If you get excited by research and it's something you enjoy, then it's a cool job of course, because you'll get to dig deep into interesting topics. However, you don't get the "prestige", external exit opportunities, or development of the revenue generating consultants.
Don't fall in love with a company name. No one at a bar who is outside of business is going to know what "McKinsey" is. And no one in business is going to be head hunting you for working in a non-consulting role at McKinsey.
I know of a person who went from research to consulting internally, but this was at a big 4. I don't think this is a viable path at MBB, ATK, etc. at all.
So you have to evaluate what this "opportunity" really entails. What are your future goals? Try to be honest in your assessment whether a back office research role gets you there.
You seem to enjoy your consulting gig as is right now, so I don't know if it's wise to give it up for this move. WHAT you do at work is more important than WHO you work for.
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