Where I should intern to get a full-time at MBB

abc132's picture
Rank: Chimp | 9

I am currently a junior at a state school. I want to work full time at either McKinsey, Bain, or BCG. I wanted to know what internships would look the best when applying full time. I have an internship this summer at a tech consulting firm. What else can I be doing to increase my chances at MBB?

Other info:
Fairly good GPA (~3.8)
Community Service/Leadership Experience

Comments (77)

Apr 13, 2016

Ive seen lots of people do investment banking internships at BBs, also Big 4 accounting internships in areas more relevant to consulting.

Apr 13, 2016

Well it's not like you have another internship option, do you?

Keep your GPA up. Get an offer from your summer internship. Network when companies come back on campus or reach out to an alum at each firm's office which handles your school's recruiting to get the ball rolling. Would recommend sometime towards the end of internship and before school starts.

Apr 14, 2016

I was thinking about trying to work PT at a bank with a great brand value cold calling. Would that help at all? I am just worried it's too late to do what MBB typically go for, especially since i go to a non target school. The company I am going to intern for is a really big consulting firm (mainly tech, but they have other divisions)

Apr 14, 2016

I don't think it would help to get a PT job. Name brand tech consulting internship is helpful enough to read well on a resume.

Given you're at a non-target, you'll need to invest more heavily in networking to get your foot in the door. Your best chance is with the local MBB office.

Best Response
Apr 14, 2016

For your benefit - and for future readers in a similar situation - this is extremely hard to evaluate in a vacuum. Here are some factors that might influence how much work you need to put in and how realistic your applications to MBB or other top-tier consulting firms are:

(1) What school and major? A 3.8 in mechanical engineering from Cal-Berkeley/Michigan/UVA is very impressive; a 3.8 in English from (insert generic state school here) is actually very poor. If the firm's review team happens to read application materials closely, the difficulty level of classes will matter too: it would be one thing to have a 3.8 in Econ having taken easy intro and applied classes and another entirely to have taken the mathematically intense sequences with advanced econometrics.

(2) What kind of tech consulting are we talking about? Is this cutting edge digital capabilities development, top-level IT op model design, or very low-level staff augmentation? Review teams will look at the individual responsibilities and projects you're involved in for not just your junior internship but for all work experiences as well.

(3) What kind of leadership experience are we talking about? Are you driving major improvements in the way your university's career center is run, on the exec team of a nonprofit, or putting in just 20 hours per year of generic volunteering through your sorority? Review teams will examine not just the titles you hold in groups that you're involved in but also what you did in those extracurriculars.

Hopefully, you're starting to see the common theme here - besides the superficial statistics and brand names, what you've actually done matters the most, and you ideally should have shown leadership and ownership in multiple scenarios for each of the three buckets I've laid out above. So if you're weak in an area, search for opportunities to get more responsibility and make an impact wherever it is that you are. If you're strong in an area, keep it up and see how you can take it to the next level.

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Apr 14, 2016
  1. The school is top 50 - 75 (I think). I am double majoring in Information Systems and Finance
  2. The tech consulting company is fairly cutting edge and very big. It's growing more in America now, but it's really established in Europe. I will be interning in their business transformation service line.
  3. I was/still am on the exec board for two clubs (not that big, but one is totally revamping and has the potential to get big). I also started my own club. I also volunteer through my sorority, but I am not on exec for my sorority. In general, I do not think I have done anything extraordinary, but I have definitely made a difference.

I totally get what you mean. I am just trying to find different ways to get involved even more, but it's fairly late in the game. I am a rising senior and I have to apply for full time positions at MBB during August/September.

Let me know if you have any suggestions on what else I could be doing this summer other than focusing on my internship and preparing for the case interview.

Apr 14, 2016

Feel free to ping me if you'd like more specific advice - probably easier that way.

Apr 14, 2016

No, cold calling for the financial advising division of a large bank (i.e. Morgan Stanley) isn't going to impress anyone. Like what others have said, you are better off killing it at your internship and getting an offer and spend the rest of your free time practicing for case interviews.

Apr 14, 2016

Do you think just that is enough though? It seems as if everyone else is doing something bigger and better. It's hard not to compare

Apr 15, 2016

The question is - even if "everyone else is doing something bigger and better," can you do that? Will doing that guarantee your chances of an interview/offer? No and no. Like others have said, it's hard to predict in a vacuum. Do your best to be the very best that you can be.

Apr 17, 2016

.

Apr 17, 2016

RBC. Goldman name might have better overall prestige but wealth management skills doesn't translate well to consulting whereas investment banking skills do. I know of MBB consultants who interned at investment banks junior year before joining their consulting firms, don't know any who did wealth management prior.

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Apr 17, 2016

Honestly I don't think it makes a huge difference. Either way you are getting some "name brand" experience. Most of consulting recruiting (especially for the top firms) is:
1. Have you networked enough to get in the door and have your name passed around
2. Do you kill the case studies
3. Are you personable enough to pass "fit"

Especially from UG they don't care too much about past experience, they want to teach you the "insert firm name" way. Once again, this applies to top firms (especially MBB) most strongly. In my recruiting, I talked for a cumulative maybe 5 minutes about my past experience per firm throughout all of the rounds.

Apr 14, 2016

From my experience, having 1 brand name internship is enough to solidify someone as a potential candidate. The best thing you can do to get the interview is network and the best thing you can do to get the job is practice cases.

Apr 17, 2016

OW. Not even a close contest

Apr 17, 2016
pnb2002:

OW. Not even a close contest

Can you please elaborate on your opinion? Thank you

Apr 17, 2016

I know that your investment banking experience was at a boutique, but that still looks much better than doing a non-FO role, even if that role is at a firm like JPM. I spent a summer at BB in a Finance/Treasury role and it was miserable. Although I used Excel a lot and learned quite a bit of information on how banks operate internally, it left me with very few transferable skills aside from Excel. I don't see how a role like that would help you for consulting when you have many other people your age competing for the same jobs, but with better internship experience. Also, during that summer, I met zero people from target schools in that division of the bank.

"I think I'll enjoy it more" -- you say that now, but that will only hold true if you like aimlessly browsing the web in your free time at work. And trust me, you will have a lot of free time.

Apr 17, 2016

No, it doesn't really matter. BO/MO at a bank only has negative implications for all the people shooting for investment banking positions. I met a guy that worked in FP&A at JPM and now works for Deloitte S&O.

Apr 17, 2016

Looks like we have different opinions here, anyone want to chime in? I thought finance roles wouldn't be bad because they're more toward like corporate finance and I heard consulting companies like corporate finance.

Apr 17, 2016

I did back office IB for 5 years...when I was applying for consulting in business school it wasn't an impediment. I can't imagine it'd be a huge issue for undergrad recruiting. Assuming you have a good GPA and go to a good school, it'll check the box and it'll come down to your case performance.

Apr 17, 2016

I don't think most consultants on the recruiting team would know the real difference between front and back office roles for it to matter. I know I didn't when I was culling undergrad resumes.

Apr 17, 2016

Also look at consumer marketing. A lot of consulting case studies and client problems are heavily focused around market entry/positioning problems, and being able to at least speak to those means you understand the basic ideas involved in CPG/Retail strategy.

Apr 17, 2016

I think I'm going to apply to both the IB division and finance division at BB banks. It's common consensus on WOS that it's not recommended to apply to multiple divisions, but usually the debate is between S&T vs IB. Do you think applying to these different divisions will hurt my chances?

Apr 17, 2016

My interpretation of the three offers are the same as yours.

Deloitte S&O >>>>>> KPMG TAS

No input on Skype Business Operations. Might be an interesting gig, maybe some other monkeys will have some insights. Deloitte S&O has a good reputation here in the states though and are at-least a solid Tier 2 firm.

Apr 17, 2016

Deloitte

Apr 17, 2016

Thanks for the input guys. The only thing that excites me about the Skype internship is its uniqueness (haven't met many people with this sort of experience). The Luxembourg thing is both a pro and a con tbh.

Apr 17, 2016

Deloitte for sure. You'll have a solid tier 2 offer at the end of the summer (most likely anyway), which easily beats the "coolness" factor of Skype for me.

Apr 17, 2016

Looking only at future MBB prospects, Deloitte. Assuming you don't mess up, then you'd have a great Tier 2 firm offer. If you think you'd be happier at Skype, then it could be worth it for you personally (rather than professionally).

Apr 17, 2016

Go with Skype, Deloitte S&O prospective hires are a dime a dozen at undergrad level. If you think the work at Skype will be interesting and meaningful, go with it. I'd perk up more at Skype than at Deloitte S&O during resume screening for sure.

Apr 17, 2016

Thanks for all the replies. I still have a few days to make the decision, but it looks like I'll be at deloitte this summer. Thanks again

Apr 17, 2016

This is a tougher question than I think most people here think... in the US, it would no question be Deloitte if you want to do consulting - S&O is pretty competitive and right below the MBB. However, I've heard that Deloitte's S&O practice is significantly less competitive (and smaller?) in Europe. For instance, while they've expanded their Strategy vertical significantly with the acquisition of Monitor, they didn't take anyone from Monitor Europe.

Interestingly, Skype's HQ are in Luxembourg, which means you'll be at the center of the action and might be doing some pretty cool stuff. Plus you will have strong networking opportunities being in the HQ, and the start-up/laid-back work culture that you won't get in consulting. Still, it's hard to turn down a guaranteed job in MC if that's what you want to do..

Apr 17, 2016

The Deloitte office where I got the offer is pretty small and would be more operations than strategy. At the same time, there is a much higher chance of getting a return offer at Deloitte. I'm not even sure if skype give grad offers to their interns.

Apr 17, 2016

No.

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Apr 17, 2016

No. But if you are a student, consider that OCR happens at specific times and MBB doesn't really hire outside of that window for FT or internships.

Apr 17, 2016

This. Also consider that while MBB are expanding their internship programs, they are still focused on FT recruiting, unlike investment banks who largely fill their start classes with summers.

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Apr 17, 2016

No, dont think so.

Apr 17, 2016

No, but you'll want to focus on getting an internship if you are able to.

"You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right."

-Warren Buffett

Apr 17, 2016

pieog, hey, look at the bright side, at least you didn't get a ton of monkey shit thrown at you...here is my best guess on threads that might be helpful:

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  • 2016 APD/ADC MBB Full Time Recruiting Updates years in school) who are applying for full time positions either earlier this year in the Spring (BCG ... first time BCG is recruiting for full time consultants officially in the Spring (heard some office is ... 2016, this post ranks #15 for the past year McKinsey BCG Bain PhD JD MD to Sunday, January 1, 2017- ...
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  • Consulting Internships in line to full time MBB after Graduation internships should I be aiming for if I would like to begin full time recruitment at Bain, McKinsey, BCG, etc. ... in my senior year (2014) for a full time Associate Consultant's role? Please advise, thank you! ... competitive and selective, and I am very excited with the opportunity! Looking ahead, what types of ...
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  • More suggestions...

Maybe one of our professional members will share their wisdom: @HBShopeful2k16 @Motty-Perel @rbinns03

Fingers crossed that one of those helps you.

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Apr 17, 2016

1. They were genuine with you and essentially said they need to feel you out before committing to you due to your lack of experience (fair or not.)

2. Can't answer this one specifically but no internship will always looks worse.

Apr 17, 2016

Honestly you should pick the one you would enjoy the most and that depends on your personal criteria (pay, location, type of work, etc).

Both sound like great options, and as long as you have a good GPA, good standardized test scores, and good networking skills you will be able to swing a FT interview with either internship on your resume. Previous work experience is not THAT important for consulting interviews - they care more about how smart you are, how you think, and your fit with the firm. Additionally if you pick the one you will enjoy the most, your enthusiasm will show during your interview for consulting.

Apr 17, 2016

My intuition would say F500 corp strategy. If I were in your shoes, I would take the HF offer though.

Apr 17, 2016

If your'e dead-set on consulting for FT, F500 corp strategy.

Apr 17, 2016

question: would a summer internship at a top group in banking (think GS TMT etc) help with FT MBB? or would they be more like ehh why don't you go back to banking?

Apr 17, 2016
bendablelamps:

question: would a summer internship at a top group in banking (think GS TMT etc) help with FT MBB? or would they be more like ehh why don't you go back to banking?

It would help a lot. If you can't spin an ibanking internship then you won't be a good consultant. Just say how you liked the analytic side of investment banking but really feel drawn to the corporate strategy and operational aspects of business that drive valuations. Learn to love 'spin'.

Apr 17, 2016

gotcha thanks Matthias. I'm guessing though I would have to secure an offer from my banking summer internship in order to be desirable to MBB, right?

also, are the MBB recruiters aware/do they care about the "top" groups on the street as opposed to whatever?

Apr 17, 2016
bendablelamps:

gotcha thanks Matthias. I'm guessing though I would have to secure an offer from my banking summer internship in order to be desirable to MBB, right?

You should secure the offer either way.

bendablelamps:

also, are the MBB recruiters aware/do they care about the "top" groups on the street as opposed to whatever?

Don't over think things like this. Most likely the recruiter won't really know. Knowledge among the people that you are interviewing with will vary depend on their past experiences.

Apr 17, 2016

Economic Consulting or F500 - depending on the brand name. NERA/Cornerstone versus Mutual of Omaha Insurance (F500) - go for NERA/Cornerstone. If the F500 is Apple/IBM/P&G etc. (big brand name + generally considered prestigious), go for F500.

I would also look at two other things -

(1) Read Glassdoor reviews and/or talk to others from your school who've interned at both places in the past. You want a place that gives your responsibility/interesting work to put on your resume and talk about during your interviews.

(2) Pick a place you wouldn't mind going back to if fall recruiting doesn't turn out the way you want it to. Having a back-up helps with the nerves during the FT season - and it helps. A LOT.

    • 1
Apr 17, 2016

Picking an internship based on what future value it will hold during an MBB interview is pointless. If you are having trouble deciding that means there isn't that big of a prestige/difficulty difference between them. Just do the one you will like the most.

Many people interview with and get offers from MBB with absolutely no prior work experience. A high GPA and high standardized test scores will help A LOT in getting an interview. If you don't have that, then marginal differences in your past internship experience won't help you nearly as much as networking.

Also consultingboi is on point. Pick a place where you wouldn't mind being at fulltime.

Apr 17, 2016

Would appreciate any advice & tips, thank you!

Apr 17, 2016

Mckinsey takes one or two junior intens from your school, shoot for that. High gpa and do something cool/involved in a club.

Apr 17, 2016

Of course, that is on my radar, but that is INCREDIBLY selective! Other than MBB, any other options that I should be on the lookout for?

Apr 17, 2016

i summered at deloitte my sophomore year also in the same program...honestly, the only difference is that i makes getting interviews easier...once you get in, pretty much everything resets and the case trumps mostly everything, but i do think that getting interviews was a lot easier having that on the resume...if you have at least like a 3.5-3.6 (though maybe less for an engineering school), having that on the resume will get you an interview to almost every firm

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Apr 17, 2016

Thanks for the info! Are you interning with a consulting firm this summer? That's what everyone keeps saying, that having the Deloitte SS on my resume with description of my work will make it a lot easier to get an interview with MBB and other firms..!

Apr 17, 2016

... yes.

Apr 17, 2016

Yes, no question.

Apr 17, 2016
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Apr 17, 2016
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Apr 17, 2016