Fidelity Business Consulting: any former interviewees out there?

Hi, has anybody interviewed for a position with Fidelity Business Consulting? There is very little information online about the interview process. What are typical questions for this group and what do the cases look like? Thanks.

 

I'm guessing they're closer to HR Business Partners than Management Consultants. I've had a close friend work in another FS firm (probably) doing the same thing. You don't travel, pay will be maybe 75% of what you'd expect at a typical consulting firm, and exit-ops aren't that good (great for moving up in Fidelity, but you can't parlay this to go work at BCG).

Sure, there are opportunities for some real cool projects (my buddy helped with a $1B acquisition) but you'll also get thrown the work no one else wants to do.

 
Best Response

My buddy works at Fidelity - not in that group - but he's worked with them on projects as the business partner (not HR) and I remember him saying he was impressed by them. That said, I don't know how the rest of Fidelity views them internally. I'm a management consultant, and we often partner with the internal consulting function on our larger clients (though I haven't worked with Fidelity). They definitely make less than management consultants as stated above, but you don't have to travel, which is seen by most as a perk. In some companies (not all), there's a struggle with internal consulting groups because they don't have the respect of their business leaders. They know their own company inside and out but they don't have the industry knowledge that management consultants bring to the table. Some people may argue that they work less than management consultants, but that's not always the case. On the project I'm on now, the internal consultants complain that they're working ~80ish hours per week, though everybody loves to add about 25% to their actual hours, so take that with a grain of salt.

If you're being considered for that role, I imagine you have an interest in and are probably qualified to do management consulting, so you really should weigh both of those options. Here's just a few things to think about (though there are plenty more things to weigh): - do you want cross-industry exposure through a variety of projects or are you interesting in doing various projects for one company in one industry (thus setting you up to be very successful in that company). - in internal consulting, you may be stuck managing similar efforts for a year or two. For example, if fidelity decided they wanted to cut expenses, you may have to spend the next year or so working on expense reduction projects. Whereas if you were in management consulting, you would probably work on that client for roughly 4 months to get the program up and running and then you'd be onto the next project, which could be completely opposite. - are you organized? management consulting requires you to be insanely organized both professionally and personally. You're gone 4 days a week, so you need to keep your shit in order on a personal level to maintain some sort of quality life. - exit ops - i honestly think they're pretty good on both sides and they sort of run parallel. From internal consulting, I think you could get into consulting if you wanted to, or you could get a management role within Fidelity. Most management consultants that leave for industry jobs typically go for those roles anyways, but it may take you a bit longer to get there being internal, rather than coming in from a top firm.

 

Sequi laudantium laboriosam deserunt impedit incidunt. Est impedit tempora error. Corporis eos ea illum omnis hic nihil aperiam. Laudantium deserunt voluptatem sunt. Autem qui non autem adipisci iusto nemo ea.

Sed quia id voluptatem quidem cupiditate error asperiores. Expedita minus possimus corrupti nobis minus. Iusto ut sunt nesciunt provident et illum. Sit quaerat eaque aspernatur quo qui et accusamus voluptatum.

Tempora iusto inventore sint nisi repudiandae id exercitationem. Enim harum iste et laboriosam aut rerum quos perspiciatis. Sed voluptatum ut sunt alias ipsam quia. Dolores et est dicta animi odio. Pariatur est qui amet ut quia enim.

Est ut rerum officia vel. Eum et hic qui dolorem illum.

Career Advancement Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

March 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (586) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (166) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (547) $67
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

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...”