This is the age old question. Here is my quick take on it. Happy to answer any questions about my experience or anything on your mind. Here it is, Banking vs. Consulting, an overview. #### Skills/Training: Banking: A slightly narrower but more focused skill set: quantitative and modeling focused. By the end of it, you'll be an expert at valuation and typical models like M&A, LBO, and capital raises. Consulting: Broader skillset. By the end of it, you'll get very good at structuring an ambiguous business problem, identifying a path to solve it, figuring out data and information needed
25 Jun 2020
Hi everyone, hope you are all doing well in this coronavirus season. Wanted to contribute to the community during this time with a Q&A. I imagine many of you consultants or college students are at home chilling, so thought this could be an interesting use of time. Open to answering all sorts of questions about life in MM PE, my time at MBB, transitioning from MBB to PE, college to MBB, etc. I hope this is a helpful discussion on this forum. For some brief background - target university, 2 years at MBB, and now towards the end of my first year as an associate at a MM PE firm in the US. Pretty
30 Apr 2020
Realized after consulting FT application deadlines had passed that I would be much happier in a consulting role than in IBD. I have an IBD offer from a top BB, and am now hoping to do 1 year as an analyst and try and transition to consulting after (MBB preferably). I'd be willing to start over as a 1st year Business Analyst in consulting. How can I do this? (Know there are some old threads out there related to this, but any and all insight on whether things have changed is very much appreciated.)
10 Oct 2020
So here is my situation. I am a junior at an Ivy, and have a very strong undergrad cv for finance. I help run an investment group on campus, and I have done a PE and BB IB internship. I am finishing up the BB IB internship right now. I have an offer for next summer at a top 3 BB IB. I've got ok academic performance (~3.6 social science). From my BB IB experience (after about a month) I have realized that there are aspects of the business which I severely dislike. And also that with my long term ambitions, consulting may be better at building my skillset. Lifestyle wise, I really hate
27 Jul 2020
Most people are skeptical of this program, as it is not following the classic prepa system. Will MBB/Tier 2 still target the program?
26 Jul 2020
Hello everyone, I'm currently a third year Italian undergraduate student at Bocconi University, interested in starting my professional path in London IB but that would also be interested in Consulting (most likely in Italy) I'm considering several choices for my masters, and I'm not excluding MiMs from top schools. I was wondering what do you guys consider to be the most attractive alternative and the one providing more optionality with regards to picking IB and MC. I also want to understand if a one-year program is worth the price, given that i have some professional experience (in a PE fund
14 Mar 2020
Objective from a master's program: consulting or finance Would appreciate your opinions on the following programs. First Tier Programs University of Warwick: ○ MSc Economics Imperial College London: ○ MSc Economics & Strategy for Business Erasmus University Rotterdam: ○ MSc Strategic Management University College London: ○ MSc Management Imperial College London: ○ MSc Management Second Tier Programs University of Edinburgh: ○ MSc Economics London School of Economics: ○ MSc International Political Economy Erasmus University Rotterdam: ○ MSc Strategy Economics Oxford: ○ MSc Economic and
10 Apr 2020
Hello! I'm a rising senior at a target school interested in management consulting. I'm currently doing a remote boutique internship and planning to continue it through the end of the summer. I'm hoping to apply to larger firms in the fall through my school's recruiting program and then also online job portals. I'd really appreciate any advice on how to best position myself for this process. I've recently joined a consulting club at my school, started a business research assistant position, and have started doing case prep/informational interviews. Thanks so much!
29 Apr 2020
It's summer time and many of you out there are likely in your first internship with a consulting firm. Here are 5 things I found to be helpful in converting my internship into a full-time offer: #### Demonstrating core attributes / skills: 1. Coachability: you don't have to know everything day one, it's definitely not the expectation. However, I think it is important to show that you're coachable and are willing to receive feedback and learn / grow from it. Consulting is generally an apprenticeship model where you learn from coaching and guidance you receive from your teammates and team
25 Jun 2020
I want to preface this by asking if anyone has been to either of these schools. If you have, please PM me! I am currently a senior in highschool and was accepted to the Business Honors Program at UT Austin as an out-of-state applicant and NYU Stern. I was pleasently suprised with both acceptances. However, I applied Early Decision to NYU Stern before getting the UT BHP decision. Now, I have until the end of this month to decide (I have the option of pulling out for financial reasons. NYU made it easy). UT Austin will cost me about 80k less than NYU, and if I get residency, it will about 170k
18 Feb 2020
I'm interested in what people think the best training is for starting a search fund. I know that this is becoming a more popular career option for people out of business school. For graduating undergrads who plan on going to business school 3-5 years down the road, what do you guys think would be the best gig out of college if you intend to start a search fund after business school. I feel like the main options that people with this goal would consider are: * MBB consulting(you get to learn how many different types of management decisions are made, given coaching on "strategy", get exposure to
18 Apr 2020
Hi! So I am going to USD in the fall of 2020, but I recognize that it's not a target for MBB. However, what I have noticed is that a few USD graduates have made it in, and it appears that they were basically the best of the best. My goal is to pursue internships that will help me and to perform as highly as possible. I'm in the Honors Program as well. So, my main questions: What are some of the best internships for MBB in San Diego (or LA)? What should I be majoring in? (I'm planning to do an Econ-Finance Double Major with a minor in IT Management). I'm asking early so that I can plan ahead
18 Apr 2020
I've been sitting on this post for a while. I was waiting for it to turn into a success story; started-from-the-bottom-now-we're-here kind of story. But it's been so long I'm going to post it anyway. ###My Background: Finance degree from non-target, super involved on campus, extracurriculars, case comps etc. Worked my ass off to somehow maintain a 3.9 GPA. Managed to land a couple solid internships. I'm also well on my way through the CFA program. ###My Story: I've been on the job hunt for quite a while now. My school has no alumni in finance. My approach has been to apply to jobs
19 Jan 2020
Hi friends. Recently left MBB after spending 2 years after college there. Always thought it was helpful reading Q&A when I was a student thinking about career-pathing, so wanted to offer this up. Busy in a new job, so will respond when available and might close this thread up early, but for now, please ask away. For context: Target college MBB big US office Based in the US Obviously please keep questions professional and I will try to provide as much insight as possible. Won't reveal anything though that is too personal. Still care about anonymity.
19 Sep 2019
Which masters would would maximize my opportunities/Which one would you choose? Career-wise, after 2 internships in IB (Central-European MM IB) I would like to move towards either Consulting, PE, or AM/HF, which I know are miles apart from each other, but couldn't make up my mind until now. Thanks!
03 Jul 2020
Hi all, Currently deciding whether it's worth to interview with Credit Suisse's Private Funds Group (PFG) after receiving an offer from one of Parthenon/LEK. These opportunities are all for full time and I am thinking (although not set) on moving into private equity at some point in my career hopefully without an MBA. Any thoughts on the comparison and CS's FPG group in general? Thanks in advance.
29 Nov 2019
I have an interview in NYC this Friday (3/13) and I am wondering whether it is worth going. My school currently has put two-week quarantine on all students who travelled to Westchester over the break and I am guessing the city will soon follow. The recruiter emailed me to say that they understood if I did not want to travel due to the virus but my status as an applicant thereafter was unclear. So, do I take the risk of missing two weeks of school and catching the virus or do I play it safe and stay home. Any help would be much appreciated, thanks!
10 Mar 2020
Hey Everyone, I'm a second year analyst at LinkedIn in the Strategy & Analytics rotational program. S&A is a unique 2-year rotational program that allows analysts to rotate between functions such as Business and Product Strategy (BizOps), Corporate Development, Sales Operations, Product Marketing, Data Science, and more. Check out the website to learn more (I can't post links but just Google the program) ####A bit about me I've always been interested in strategy, technology, and startups. I was about to work in consulting, but then this opportunity came up and I couldn't pass it up. 2 years
15 Jun 2019
Just want to get some thoughts from people in the indsutry. I currently have been consulting for about 3 years and just got an offer from a Real Estate shop in Phoenix, AZ.. I'll be coming in as a senior analyst and was offered 75k all in. I have 24hrs to decide according to HR. A little background about me, I'm a former athlete and love being in the sun doing activities. That's why Phoenix attracted me. I'm also in my later 20's/ single.. I would like to get some insight on individuals in the RE industry or Phoenix AZ finance market. Is 75k a fair offer? is there a strong finance presence in
09 Sep 2019
Let's say you're attending an elite MBA program, with around $150k of tuition costs sponsored by a tier 2 consulting firm (think Deloitte, OY, S&, ATK). Would MBB consider offering a loaded sign-on bonus (covering 50%+ of tuition) to entice such a candidate? Curious to hear if this is a regular occurrence.
06 Jun 2019
I'm currently picking between schools and I may be financially limited to the UW. Do any good consulting firms recruit here? My ultimate goal is to get into a T5 business school. Also, I got into admitted into the CS major at UW which is like 6th in the country, don't know if that can affect recruiting for anything other than tech. I definitely won't do consulting if my position includes the word technology in it though, so strictly management consulting. I can go to tech instead and make bigger money. I'm currently picking between schools and I may be financially limited to the UW. Do any
16 Feb 2019
Hi all! I'm a Bio major at a consulting/business non-target T30 U who has wanted to go to medical school for a long time. Currently, I'm in my junior year, and have been rethinking my career goals and evaluating if medical school is worth it due to all the stress, testing, etc. Having taken no business/econ/finance courses whatsoever, I recently joined an on campus consulting group just for the heck of it and although I know the stuff that college consultants do is very basic, I find it extremely interesting and have gradually looking towards consulting as a possible post-graduate career path
17 Nov 2019
I am a sophomore at HYP, international. Have a 3.4 which is probably going to go down after this semester. I wanted to do consulting at MBB(Hoping for San Francisco) and I recently got an offer to work on a 5-month project in an international office for McKinsey(loads of networking). I honestly hate being in college so I was thinking would it be wise to take a leave of absence and work there? I have not been doing well in school because I have been disinterested so I thought this would be a good excuse to not do it. At the same time, friends and family are all super-critical about pausing
08 May 2019
I looked at some employment reports of top 15 bschools during 2012-2017 and this seems to be the trend. For example, Columbia, a finance powerhouse, had 55 graduates heading over to McKinsey in 2017, while that figure for Goldman Sachs was only 8! The top 5 recruiters in 2017 were McKinsey, BCG, Bain, Amazon, and Deloitte. In fact, across top 15 bschools, the percentage of MBAs who went to IB in 2017 is only 5-10%; for consulting it is 20-30%. Now, I understand that: 1. Maybe half or more of those heading to MBB had their MBA sponsored -> they were just coming back 2. BB IBs get most of their
16 Sep 2018
Hello, I am currently a consultant (MBB) and have accepted an offer to join as a Pre-MBA associate for a lower middle market PE fund next summer. What do you you think is the best way to prepare for the modeling component for my new job? Since I am a consultant, this is what worries me the most; I still have a ton of time until next summer though. Are there any websites / modeling guides you all would recommend? Additionally, if there's any other advice you all have for preparing for a job on the buyside as a consultant, it would be most helpful. Thank you!
23 Oct 2018
I come from an unconventional background (architecture) and would like to get into MBB. I am deciding between Columbia and Kellogg. I am from New York and prefer to stay in New York after MBA. That said, I feel Kellogg would give me a better shot of getting into MBB as it can leverage better my background. Any thoughts?
04 Feb 2019
Does anyone know how to find a comprehensive list of private equity firms that have an operations group? Or does anyone know of any besides Bain Cap, TPG, and Blackstone?
29 Aug 2018
Hi guys, I'm an analyst at a boutique consulting firm based in Brazil. My firm has a program of MBA sponsorship and we have a bunch of alumni from top notch business schools like MIT, Columbia and Chicago Booth. Although we have a great compensation package to post-MBA associates, I want to pursue a career in finance. **What you guys think about consultants that spend 2 years post MBA at the same firm to pay for the sponsorship and then go to finance? Is it a hard move, even to downgrade to an associate level? ** Just so you know, my firm usually does not work in finance-related projects. I
09 Aug 2020
Hey all, I'm currently a junior at a target school. Unfortunately, I still don't have any internships lined up for the summer. Was hoping for IB and consulting but I'm not having any luck. As a result, I'm considering other careers in finance such as AM, PWM, and Corporate Finance. However, I was told it's a waste to attend an Ivy only to end up in Corporate Finance since it's less competitive and I was told it's where school name matter less. What are your thoughts on this, monkeys?
06 Jan 2020
I'd like to reach out to this forum for some advice, as I am currently in a tough position as I look to enter consulting. For a few months, I have been trying to enter the management consulting industry. I went to a target public school (top 15 undergraduate business school) and started my career with an oil & gas supermajor, supporting functions such as supply chain, procurement, and operations. I have been in this industry for ~3 years since completing my undergraduate degree. I am trying to leverage my supply chain experience & energy industry background to enter the consulting industry
07 Dec 2018
I have been accepted into the business analytics masters at IE and Cass waiting on the last two. I am trying to get a consulting or tech strategy job in Europe afterwards, probably London because I only speak English. Which school has the best brand for this type of role. I do not have a visa so I need to prove that I am much better than another European employee. Please provide feedback on each school and your thoughts on the Big data/business analytics masters.
20 Dec 2019
Hey guys. So I go to a non target school but have a pretty decent resume. 3.7 GPA, spent the summer working in strategic investments for a F500, founded a commercial painting company that does six figures in annual revenue and pays for my college. Unfortunately though, I'm not too optimistic about a SA position for an IB for me. Anybody have any advice on some internships to go for that might be more achievable? I'm hoping to work in M&A or Investment Banking or maybe even advisory for one of the big four. Any ideas would be appreciated.
23 Jul 2020
Hello, I've been offered a position at PwC for Technology Risk Consulting (comes under their Risk Assurance Business) and a position at Deloitte for Digital Strategy (comes under Deloitte Digital). In terms of growth opportunities, which of the two would be better if the end goal is to switch to MBB or a Tech firm like Google? Things I'm considering: 1. In terms of overall prestige, I'd say PwC has the best global reputation among the Big Four. Not that Deloitte would hold me back in any way. +1 PwC 2. The positions offered are different, but I'm interested in them both. I would think that it
27 Apr 2019
So far this is how I have it. From my understanding, school prestige doesn't matter nearly as much for accounting as it does for IB, and Big 4 recruiting is extremely regional. So I've concluded that my best bet for undergrad is to save money with my education while trying to go to school in New York City. That said is this a feasible plan: For undergraduate, I'd study accounting at Baruch mainly because of its ideal location. I'm motivated so while there I'd join relevant financial clubs, do tons and tons of networking, maintain a high GPA, and try to pick up an internship at a Big 4 firm
27 Mar 2018
Hi all, What is Oliver Wyman's reputation? I understand they are a tier 2 consulting firm, but others have said that they compete with MBB in certain industries. It seems like this is more of a boutique consulting firm as it is a lot smaller than others. I know they have a global staffing model which is a bit different than others. Is OW prestigious? What are the exit ops from working at OW? What's the culture like? Thanks everyone!
30 Aug 2018
What is the recruiting timeline/process for restructuring/turnaround consulting for FT positions for undergrads? Particularly interested in FTI, Alix Partners, A&M, and others like BRG
12 Jul 2020
I'm an incoming freshman at a school whose business school is a target. I myself am not currently in business school, but I will try to internally transfer. Business/finance is a recently realized interest of mine. That being said, I have been quite fortunate as I some unique opportunities to pursue. I currently work in retail at the employee/company store at the number one sports apparel brand in the world. The store is right by the world headquarters. After doing some LinkedIn stalking, I found that a strategic finance manager, a business development manager, and a director of finance went
23 Jul 2018
I currently have two different offers for a summer internship, one offer from PwC to intern in their Houston office as a management consulting intern, and the other from Exxon to work as an analyst on their up and coming trading floor. I have experience working on another energy trading floor, and know that I really enjoy the industry. It sounds like there's a variety of projects at PwC, but given my background there's a good chance I'd be working in their commodities trading/advisory practice or else on some oil and gas project. I'm posting this in both the sales and trading as well as the
19 Oct 2018
Doing MBA research and a lot of schools break 'management' and 'strategy' consulting into two distinct categories in employment reports. Clearly the majority show MBB as 'management' consulting, but there are also some listing strategy. What are the differences between the two? What is Management Consulting? - Job of Management Consultants Management consulting comprises of planning, organizing, staffing, and controlling an organization in order to achieve or accomplish a goal. Due to the variety of firms, management can include human resources as well. The overall goal of management
29 Jan 2018
Basically the title above. I'm at the beginning of my career, currently an intern in IB, but after my Masters, I would like to switch to either PE, AM/HF, or Management Consulting, but I can't decide which would would suit me the best. I would be curious in knowing more about what your decision process was (eg. which factors did you take into account when deciding between these careers, and did what you imagined match the reality). Thanks! (I'm based in Europe)
30 Jun 2020
Hello fellow monkeys, I want to ask whether you know some cool company where I could do an inpact consulting (or even impact investing) internship. I have interned at MBB last summer and will join the firm FT in 2021. For next summer, I thought it might be cool to intern at some company which does something with meaningful impact (for example providing consulting services to NGOs). I don't really care about the brand name or pay (although the internship should pay enough to cover my expenses), but I care a lot about quality of cases and the team. I'm european and willing to travel. Also, my
02 Nov 2019
Hi, guys, I have a question that I am dying to seek for an answer. I am now an undergrad at Columbia and I want to apply for the summer internship in the consulting field next year (preferably MBB of course). But my education background is a bit unconventional: I have attended TWO colleges prior to Columbia and being academically dismissed from the FIRST one. I attended a top 50 (not gonna specify thanks for understanding) university in the States, but due to many reasons (first time living in a foreign country, wasn't capable of taking care of my self, hard time blend into the environment
31 Jul 2018
Do you always work on a laptop as a consultant? Do you ever get a docking station or an opportunity to use a full-size keyboard and mouse? I don't see how I could do my best work on a laptop, I feel that it majorly slows me down. Have you ever seen a consultant pull out a full-size KB+Mouse or one of those portable second monitors? How weird would it be if I did this? Thanks
23 Aug 2018
Hi all, I came across this article earlier today: https://www.sourceglobalresearch.com/will-private… and was wondering what does this mean for the industry as a whole and how it will change the landscape. Basically just want to start an interesting discussion and dive deeper into the information presented in the article.
25 Jun 2020
I am an incoming sophomore at a community college that will be transferring to either UIUC or Ohio State. At this stage, investment banking is not my first choice for a career but I still want to keep that door open before I nail down what I want to do. I'm thinking along the lines of consulting or IB, with long term plans of getting my MBA and then moving into private equity. I am from Illinois so from the surface UIUC is a no brainier as tuition is about half the cost of OSU. The caveat is that I don't have the right courses to be admitted to the business school at UIUC so my only option
18 May 2018
Hey monkeys, This year I am a sophomores and am deciding between FO finance roles and management consulting. I was just wondering how some of you made this decision and what swayed you to finance/consulting? What are the differences between the ideal candidate for each field (in terms of GPA, work experience, leadership experience, fit, technicals, etc). I would be recruiting for Toronto, if that helps.
09 Oct 2017
Hello friends, I'm currently a tech consultant at Deloitte, and been with the firm almost a year now. I currently work on big data and machine learning engagements in TMT due to my background, and I quickly discovered that I'm very interested in M&A due diligence in TMT. It is challenging to get on a project like that within my firm, and I have been in the midst of getting together my own small engagement just to get the exposure. I planned on applying for MBA programs next year and switching to IB to get this exposure, but recently, a recruiter from LEK reached out and said they were
05 Jun 2018