Working in technology consulting at a big 4 company. Not implementation, mainly DD for PE clients. I've gotten an offer from a Tier 2 (ATK, OC&C, LEK etc.). I might also apply to MBB as I feel like I've got a reasonable chance to get it. For quite a while I've been focused on getting into a REAL strategy position. But I'm having doubts if it makes sense in the long term. I'm not convinced I want to go to a buy-side, so probably a decent exit would be to industry, which leaves roles like IT manager/director or roles in corporate strategy. And in such case I'm not convinced MBB/Tier 2's career
19 Aug 2021
I am currently a 1st-year MBA student entering IB. I know that the normal exits are some buy-side, corp dev, and corp strategy, but I wanted to see what else was out there. If you worked in IB and exited to another role or industry, please post where you are now in the following format: Year you left: Ex. 2nd year associate Role you left for: Comp: Current Role: Current Comp:
20 May 2020
Hello, just wanted to share that I have not heard from a T2 firm after my Final Round. Had 2 interviews with partners and then was asked to do a third one with the most senior partner in the office; thought I did ok and senior partner, although in a very formal tone, said that I should be hearing from them shortyl and that I should "wait for next steps". It's been more than one week from the interviews and have not heard anything, I contacted the HR person a few days ago and was told that "no confirmation has been made, I will keep keep pressing and inform you". No idea what this all means
09 Nov 2021
Hello friends, several recruiting firms have reached out to me about what seem like unique roles at PE firms. The titles have been "Strategy Associate". They are basically pitched as a mix of firm strategy / portfolio operations / investor relations. The responsibilities include: fund reporting, LP relationship management, business development, working with portfolio executives on strategic projects, etc. The roles have generally been at high quality MM firms with large brand names, which is alluring. For context, I have generally been seeking more traditional deal team roles, and have made
15 Oct 2019
I'm going to be going into my senior year of college soon and have plans to expand my network as much as I can before I fully enter the workforce upon graduation. I've got the idea that I should be calling or treating other real estate professionals in my area to coffee or lunch as often as I can, and I am reaching out to the WSO community to see if you've got any useful tips or suggestions that have helped you out in the past with your networking endeavors. I am interested in asking questions deeper than why do you work where you work and other surface-level questions, and more along the
27 Aug 2021
Currently a second year IB analyst at a MM shop in NYC, and wondering what attractive exit opportunities there may be apart from PE/HF. Primarily interested in something strategy oriented with a high-growth company. Understand corporate development is somewhat aligned here, and in the right scenario I would be open to that, but would more so like to have exposure to broader strategy and not be restricted to asset acquisition/divestment. Appreciate any help and more than willing to provide additonal detail if that would be helpful.
27 Dec 2019
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
What are some names and examples of internal consulting groups at American companies? I've heard of in-house consulting arms at companies like American Express, Citi, and P&G. I these groups have become commonplace in business. Looking for further insight on the role they can plan within a company and some examples of names for the groups.
11 May 2017
So as the title says, I have two offers on the table which I need to decide between soon. Assuming all my other metrics are top-notch, which of the two jobs below likely offers me the smoother path into a top 10 MBA program (to be followed up with a job in MBB or internal Corp Strategy or Corp Development)? 1.) Title: Senior Financial Analyst - FP&A Company: Top Tech Firm based in Seattle Industry: Internet/Tech Area of business: Cloud based business topping market share with stunning growth rates anticipated by the street. role: likely more typical vanilla FP&A (forecasting without truly
29 Jun 2017
Take for example, Columbia's 2017 Employment Report. I heard CBS is a finance powerhouse... but the top 5 recruiters in 2017 were McKinsey, BCG, Bain, Amazon, and Deloitte! In fact, 55 students went to McKinsey and only 8 went to Goldman Sachs. In addition, why is the % of MBAs going to IB decreasing, while that going to consulting increasing? Any insight is appreciated, meanwhile, these are some of my guesses (TL;DR). Since I'm not working in neither IB nor MC and I'm not from the US, please go easy on me. 1. MBB recruit more new hires than BB IBs at the post-MBA level. However, I find it
06 Sep 2018
Hey everyone, I am new to the board. I have a job offer from an F100 as an industrial engineer ($80k), but my real passion is business strategy. I wasn't able to lock down anything at MBB or Deloitte, but I did get an offer from KPMG for their strategy team. Does anyone have any feedback on this segment and future doors it may open? The goal would be one day MBB from a top MBA. Would the KPMG Strategy team be a good starting point? I know it's not the most prestigious of the big 4, but will that be a strong weakness? Or would I be better off as an IE and then try for MBA?
27 Sep 2014
Just had some questions about Consulting in general I was wondering about the different types of consulting, what they refer to, their respective prestige level, and the companies that have that specific consulting. 1. So when people say "Management Consulting" or when a Firm has a "Management Consulting Unit", they are referring to specifically their strategy consulting? Correct? Management Consulting does not include Operations, IT, or Industry Specific Consulting? And in general, we have Management/Strategy Consulting, Operations Consulting, IT Consulting, and then other Industry Specific Consulting? 2. Management Consulting is generally considered prestigious (Lets define "Prestigious" as what MBA schools like the most).
11 Sep 2010
Afternoon, monkeys. I've got the first of a two part interview for you today with Certified User Nefarious. Nefarious works in Strategy at a major Fortune 500 Aerospace & Defense company. While I know many of your are focused on banking and private equity, I think everyone can benefit from hearing his story. Strategy jobs are some of the most intellectually satisfying roles out there, and they've got a great work-life balance. Plus, if you're in an interesting industry, like A&D, you'll put yourself in a position to have a tremendous, well-paying career in a space you really care about. From
30 Nov 2012
It dawned on me yesterday while writing my post that we do a lot of speculation on this site...but I am not sure how many of us really speculate. Needless to say if you are working on a desk at a prop shop or at a trading arm of a bulge bracket, you have money in play almost every single day. But how many of you guys are actually putting your own nut on the line? It's tougher now than ever before and I'm curious to see who the risk takers are. I have to be honest and say that I haven't had significant dollars in play since Ford and GE were the safest bet since Jordan in the playoffs.
05 Feb 2011
For the last year I have been doing consulting for a small boutique firm focused on Digital Strategy consulting. However, I have the opportunity to move up to a bigger firm. I'm currently in the process with Deloitte Digital's strategy practice (Digital Business & Strategy), and also BCG Digital Ventures. I also have a preliminary conversation scheduled with Digital McKinsey. I would appreciate hearing the perspectives of people here on these three groups. Specifically on the type of work, the future trajectory, career progression, etc. Note: not looking at Accenture or anything of the non
14 Mar 2017
Hey guys, I know this forum is largely for wall street related posts but I have seen some posts creep around here about internships and jobs at Google from time to town. So from anyone who is working/has worked at the GOOG, can you tell us what your experience was like? What you were doing? And since you are on this forum, why you picked it over the traditional finance track? What does someone need to do to score a a job with one of their strategy teams and what is the work environment actually like (I know we constantly here about how creative it is and the massages and the gourmet meals and
05 Jan 2012
I was doing some reading about how managers approach finding ideas in the global macro space and I came up on a book (Asymmetric Returns by Alexander Ineichen) which briefly discussed some of the approaches mangers use to finding trade ideas. One of them was the feedback approach which is to play the downward trend as a bubble deflates and the snap-back during a recovery. There's been a lot of this going on lately (what with the credit crunch and equity rally, and oncoming bond crash) and I was wondering if this approach was still common at large global macro players today. I found an interview of guy who seems to use just this strategy (http://www.eurekahedge.com/news/11_july_Interview…) which is quite interesting.
18 Nov 2010
I am fortunate to receive undergrad full-time offers from EY-P (Software Strategy Group), Accenture Strategy, and Deloitte Strategy. I am looking for advices comparing these companies based on exit opportunities (career trajectories), MBA, culture, and type of work. Any insights would be greatly appreciated!!
13 Oct 2021
Hello all, current I work at a F250 manufacturing firm, and am technically in the accounting group but have recently been working on heavy analytics projects. (building applications in Qlikview, similar to Tableau) My ultimate goal is to network my way into the strategy group, currently my Business Unit has one strategy person, so going to have to play my cards right to eventually land the role. I have been curious recently about moving to another company just to move up to a senior analyst role, but it seems all of the roles available are more FP&A focused, whereas a lot of strategy/biz ops
24 Feb 2017
Hey Guys! I have MBA offers from INSEAD, LBS and Oxford. I am pretty sure I am not attending Oxford. But, I am having a hard time deciding whether to attend INSEAD or LBS. My goal is to work in a top strategy consulting firm (MBB, LEK, Booz etc...) post MBA. Currently I am a consultant in the advisory practice in one of the big 4 firms. Thanks!!
03 Jan 2012
Most of us have either read Bringing Down the House: The Inside Story of Six M.I.T. Students Who Took Vegas for Millions or seen 21, the movie version of the book. It's the tale of a bunch of MIT nerds who crushed Vegas by counting cards and playing team blackjack. But how can you pull the same thing off by yourself? This guy has cracked the code, and it's all about what happens in the casino before you sit down to play. I find this stuff really fascinating. And it doesn't all come down to math. Like most situations in life, the whole thing works better when there's a porn star on your arm
22 Jan 2014
Following up my my post from last Thursday , I'm here today with part two of my interview with Nefarious. For those of you that need a refresher, Nefarious is a Strategy Associate at a global Fortune 500 aerospace & defense company. Check out part one of my interview with him for some great in-depth information on how he broke into his role, what he does from day to day, and the pros and cons of working in Strategy along with some great follow-up Q&A in the comments. In today's post, we cover tips on breaking into Strategy roles, potential exit opps for Strategy professionals, and his views on
08 Dec 2012
So I have done research on the corpdev recruiting cycle - It seems like there actually isn't one. From what I have seen it is nothing like PE and jobs just pop up whenever they are available (rather than a certain time of year). Because of this, I have a few questions on how to make my way into the industry. Before, some background on me is I work at a BB in IB but in a non M&A/LevFin product group (its a group unique to the bank). Its actually a very strategy focused group, so hopefully the variety of projects will help differentiate me. 1 - how to get an interview? It seems like asking my MD
07 Dec 2016
mornin to y'all. i'm a prospective monkey. good for me. i was wondering a few things i was hoping to get answers to if any of you would be so kind (will be much appreciated) i'm studying in an undergraduate program in israel's top uni. majoring economics (considered one of top 3 econ progs in europe) and east asian studies. fluent english, french, hebrew, functional italian and chinese by end of studies. top student and whatnot. some extra curricular activities and leadership, three years experience in israeli military intel, with some leadership here and there... leadership leadership leadership
15 May 2009
Friends, I wanted to test my negotiation skills and see if I did a good job or not. The Position: Manager Consulting firm similar to Deloitte, Accenture Base: 115K Bonus: 10% variable Singing Bonus: 5% of base The Candidate (Me): Recent MBA grad - tier 2 school 6 years experience in industry and consulting How did i do? Did i leave money on the table for coming in as Manager? Or am I spot on? Feedback is appreciated, thanks!
09 Mar 2011
Hello all, I am a senior at a public business school. I would say it is one of the strongest undergraduate targets in the Midwest. Recently, I was offered two positions: one with Deloitte as a Business Risk Consultant and the other at Accenture in their Strategy practice. So I am very conflicted on what position to take. If I take the Business Risk role at Deloitte is there any way I could move to S&O? Also how do the exit options compare for both positions? To be honest, I am worried that the role at Deloitte is not "pure strategy consulting" and is much more invested in their advisory and
24 Nov 2015
I'm a C++ programmer and my friend and I recently made a nice little trading strategy that was able to gain 5000% over a simulated trading period and in another experiment, turned $5000 into $100,000. I know hedge funds get hit with scores of these things daily but we've both back-tested our strategy as well as on current live data and they both work well. I'm trying to sell it to hedge funds, much cheaper than what they're paying their own programmers. Anyone ever heard of hedge funds buying stuff like this from people? Where should I start?
08 Nov 2009
Hello! I'm interviewing for a mid-level Financial Strategy role and for the case study, they had me create a financial statement model (mainly just P&L). I have an interview with a hiring manager coming up to discuss my work. I assume that the interview will begin with being asked to walk her through my model and the logic behind my assumptions. Do any of you have any ideas on what questions I should prepare for? For context, the job responsibilities entail forecasting performance & short/long-term trends, providing strategic insights to key stakeholders, guiding investment capacity decisions
22 Jun 2021
Hey WSO'ers, Recently I was going through interviews for an S&T internship. The MD I was speaking with said that I seemed like a good fit for 'strategy' and that he could see me being successful in that area at the firm. I like the idea of strategy, and from what I understand it would be an interesting area. But I've found basically no postings or readings on what it means to actually be in 'strategy' at a bank. Could anyone shed light on what exactly a career in strategy entails, and how one should work to become involved in this area? Also, is strategy just a component of S&T? Would really
29 Mar 2011
Hi all - bit of advice needed as am currently trying to decide between offers from BCG and Bain in London. Both are for the entry level graduate role (i.e. Associate vs. Associate Consultant). Obviously I am going to both sell-weekends and am speaking to friends/alumni at both places, but I would quite like to see what your perspectives are on this as well. The things I am concerned about are: 1) Exit opportunities (MBA/ PE) 2) Lifestyle/ Culture (I know Bain is often thought of as 'frattier' in the States - does this apply to London as well?) 3) Amount of travel 4) Prestige Compensation-wise, BCG are significantly better but that isn't going to drive my decision. Many thanks in advance for any insights you can give me!
12 Jan 2011
I have a friend at IBM who is trying to sell me on joining their strategy group and is willing to push my resume. Consulting was my dream career out of UG though it didn't happen. Any thoughts? I'd like to join a top ranking MBA program at some time in the future and would like to do corp strat or a stint at MBB in the future.
24 Apr 2014
Hi everyone - I have two offers that I'm trying to decide between. One is with a F100 corporate strategy team...a group of 25 people doing strategy work for the firm. The firm itself doesn't sell the most interesting services, at least in my eyes, but this may well change once learning more about the industry. The consulting firm is a boutique, about 75 consultants, focusing on an industry that I find to be more interesting than the F100 firm. The pay is about the same. They aren't located in the same location (the F100 location has the advantage here). Exit opportunities, at least based on what each firm told me, seem to be similar - top notch B-schools for the most part (or move up through the firm).
23 Nov 2011
Hi all, longtime lurker here that needs some advice.. Lets say you've just joined a trading desk at a bank a few months ago as the junior, doing all the usual junior tasks and hedging small stuff etc.. On the side at work I started working on all old trading strategy one of the traders (my 'boss' really) was working on which was already relatively successful but had some drawdown issues meaning it wasn't a pleasant strat to run. This new improved version looks extremely promising and looks like he's gonna create a new book just to trade it in size and conservatively looks like it'll make 10/20 bucks this year with scale to increase a lot.
12 Nov 2011
Hi guys, So as corny as this sounds (believe me, I know it's lame), I was feeling a little lost during the school year in terms of exactly what I want from my career. I took a personality test and found out that I'm a "INTJ" who loves strategy work. This was very true as I've always said that my first love was learning how businesses work and how to grow them. Therefore, consulting was a natural pick for me, but somehow, I looked more into M&A than consulting (perhaps a function of me being from a non-target and a respectable consulting firm being a pipedream for me initially).
27 Jul 2011
Hi all, I've missed the boat for FT recruiting and was only able to get 2 interviews (Jefferies and Deutsche Bank) in the Fall. I have experience working in Asia for a middle market bank and a boutique as well as a PE firm with a low GPA (~3.2). I'm not sure what my strategy should be at this point when most of the positions are filled up at most middle market to bulge bracket firms. How should I position myself to show that I'd be an available candidate if people renege on their offers since the formal recruiting season is over? Furthermore, would you all suggest I start cold emailing boutiques for opportunities?
31 Dec 2012
Hi All I've been offered a role at Accenture Strategy and can't decide whether it is the right time to move to a new company. A little about me: - 3 years experience at IBM - Started through the apprenticeship scheme - Promoted Q1 2015 - Now above graduate level I enjoy IBM however I feel it doesn't offer me the opportunities for progress I need at this early point in my career. I've been working here for 3 years now; I started in a technical role but quickly moved into the project delivery side of things, with a consulting focus through work in business transformation and business transition
25 Aug 2015
Which groups in IBD typically have the best exit opps into Corporate Development roles? Do Corporate Strategy / Development groups prefer an analyst from an industry coverage group more than a product group analyst (M&A)? My understanding is that coming from an industry group will give you better options in Corporate Development in the industry which were worked in (Ex. 2 yr stint in Consumer & Retail IB -> Macy's Corporate Development).
12 Mar 2015
I want to break into either consulting or I-banking. Trying to decide which school is the best fit to break into consulting or I-Banking. Do most firms see PennLPS like Columbia? A lot of my friends from Columbia have broken into investment banking. Just curious.
14 Nov 2016
Hi all, Looking for some advice, from a strategy/front office perspective. How can I move from back office technology to a front office/strategy role? I'm trying to work on something a bit more connected to the business end of the bank. I want to earn a bit more money, but the main reason is an interest in finance. I'm currently a systems/Technology analyst having worked for 2 large European investment banks, working in operations technology, with some exposure to Treasury/finance. It feels quite detached from what the business actually does. I've managed to get a number of pretty great
12 Jun 2017
Has anyone heard of/can give advice about Keystone Strategy? I know its obviously not MBB...but Im stuck waiting till the fall recruiting season to apply for jobs at MBB. Meanwhile I am waiting to here back from a few other strategy firms and i banks, but I figured I might as well apply to Keystone. I would grealty appreciate any info on culture...I know they focus in just a few areas...but if anyone has worked there or contacts who do I would love to hear from them. Thanks
24 Feb 2010
I have an upcoming interview for a position with Accenture in the MCDP (Management Consulting Development Program). The thing I find odd about the position is Accenture is looking for an experienced (~1 year of experience) financial/operations analyst candidate. The reason I find this odd is it seems the MCDP is usually for individuals coming directly out of undergraduate or B-School. This is making it hard for me to relate the compensations, expectations, and exact department this position will be in. The link below is the exact job description: http://www.theladders.com/Management-Consulting-D… My questions are:
09 Feb 2012
Hi, I just got an offer from Accenture in their strategy practice. After having all the topics about Accenture, I am very confused because some seems to say that Accenture is a bad company while other say the exact opposite. I am really confused. I am currently working in Asset Management( in a small local bank) but I find the work incredibly repetitive and it will not bring me what I am looking for in my life. I am very temped by Accenture because it looks like very challenging and the strategy practice is a very good place ( during the interview the partner explained me that the work was varied and offered good opportunities wahtever you want to do in your career). Do you think that Accenture is a good place to start a career (I gradated 8months from now) ? Do some of you have been working there? Could you please give advice on it.
30 Mar 2010
Hi All,, I am offered 2 different positions, one is strategist position in global research team in a british bank and the other one is credit trader position in a japanese ibank....both r in Asia credit trading one is based in my home country.. I don't know which one to pick...seem that my personality fits to be strategist better (love to sit down and think..not really a quick thinker)..but then seems that i can learn a lot more in trading...and also it is in my home country Any suggestion? Any help will be greatly appreciated..!!!!
31 Jan 2010
Hi, Can someone please tell me what exit options does a strategy consultant with good amount of experience have? Do you guys think that with around 5 years of strategy consultancy experience, say at MBB, one can open his own consulting firm? Also, what is a typical hierarchical structure for a management consultancy firm? Sorry if the questions above are lame.... I'm new to this field and trying to learn as much as possible about strategy consulting. Thanks!
27 Nov 2010
Hi All, I have been looking through some MSc courses around business analysis and strategy for getting into a top firm in the UK or Europe. The plan is to get into Management or Strategy Consulting in growth at a Big3, Big4 or Strategy&, Oliver Wyman etc. As an international student, I will have language barriers and would prefer primarily English speaking countries. Having a 3 Year work ex in Business consulting with a Big4, I feel comfortable into getting into the colleges I have applied: in the UK - Imperial, CASS, Manchester, Edinburgh, Lancaster and Warwick. Would you suggest this is the
12 Apr 2021
Hi I recently got interviews for some financial product pricing/strategy teams at BB. Just want to know what it's about? Does this count as FO or MO? What are some exit options? Appreciate any thoughts! I copied over one job description found similar. About This Role Our Team The Pricing Strategy team is a nimble team within the Global Product Group that plays a central role in cross-functional discussions involving material pricing discussions and innovative fee structures for large clients. Given the importance of pricing in the asset management industry, the Pricing team was created in 2018
29 Oct 2021
Hey all. New to the forum. I am currently a 2016 intake applicant to several MBA programs. Looking to make a career switch into consulting from operations post MBA. My question is about recruiting opportunities at various schools. When I searched the Deloitte recruiters, it looks like S&O MBA recruiting is done only in T20 programs. Is this accurate? I have a choice between vanderbilt and texas A&M with a generous scholarship. Both ranked about 27 by US News. However recruiting does not mention MBA senior level consultant positions at Deloitte S&O. Waiting on emory and tepper at the moment and
23 Jan 2016
So I'm working at KPMG Advisory(associate currently but AM in like 2-3 years) in Asia. Our work comprises mostly of corporate finance m&a feasibilities, fin. modelling, fdd etc. I'm a chartered accountant and want to know if I should prep for an mba or any other msc strategy etc. My goal is partner at a strategy firm (only if work satisfaction is high which depends on the assignments.). I'm indifferent about mbb aur b4 currently as my long term goal because if I study further I'll probably have to start from associate consequently raising the opportunity cost. I want to know if I should
16 Jan 2021
I have been working in the Consulting/Advisory arm at a Big 4 for almost 1 year. I have been mostly working on assisting banking and AM clients with regulatory compliance. The work I do does not align with my goal, which (at this point of my career) is doing corporate/business development at F500 or AM/PE firms. Currently, I am looking at the following two options within the firm: 1. Transfer to Transaction Services 2. Stay in Advisory/Consulting and try to get staffed or strategy related engagement – difficult to get staffed as there is a limited number of such engagements Which of these two
03 Apr 2014