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Down On Consulting

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Manager
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Re: Down On Consulting [#permalink] New post 27 Aug 2010, 09:16
rhyme is consultant the same way as Howard Roark was Architect. great insight into the world of consulting.
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Re: Down On Consulting [#permalink] New post 04 Feb 2011, 11:12
rhyme and all others, I just want to thank you guys for a wonderful insight into MC. I am just starting to research about B-school and will be appearing for GMAT. I am sorry i do not have anything to contribute as of NOW!
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Re: Down On Consulting [#permalink] New post 26 Feb 2011, 21:51
Great Thread!

I had a question regarding areas/industries of focus. For MBB and other MC firms, how is it broken down by industry? Is there a breakdown by industry?

For example, I am/will come from a full time pharma/biotech corporate role. Will they stick me in a "healthcare" group where I will remain if I so please? or will I be thrown into a general pool with the staffer knowing that I might be more useful for healthcare/pharma/biotech projects? What amount of latitude will be given here? I would love to stay in the healthcare arena, but wouldn't mind being staffed on the whole gamut. It sounds like with the whole "Jack of all.." theme, we would be thrown into the general pool with little thought as to our pre-MBA roles.

I am assuming it would follow that IF I wanted to MC in a specific area of focus I would have to find a "boutique" firm that caters to that industry... however, you never hear of fortune 10 companies in a particular sector NOT going with MBB or other top tier MC firms...

The same can be asked for those of you coming from IT or engi backgrounds, etc.

Any insight would be much appreciated!

Thanks!
Manager
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Re: Down On Consulting [#permalink] New post 04 Mar 2011, 09:02
I have an admit from the McCombs MBA program. I still have about 3-4 months till the program starts. I have picked up a tutorial for SAS software and am keen on learning at least the basics. I have used SPSS and STATA in my economics program at LSE. How much value will SAS add? (I am looking at top tier consulting firms)

thanks!
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Re: Down On Consulting [#permalink] New post 16 Apr 2011, 12:10
I would appreciate if someone answers my query!

Do MC companies recruit MBA students who have had work experience in their family businesses prior to their MBA?
or they've got no chance??
Manager
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Re: Down On Consulting [#permalink] New post 16 Apr 2011, 14:31
This is a great thread on Consulting providing detailed insight on the life style.

Thanks a ton to all the contributers !!
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Re: Down On Consulting [#permalink] New post 17 Apr 2011, 13:54
chaitanyabhansali wrote:
I would appreciate if someone answers my query!

Do MC companies recruit MBA students who have had work experience in their family businesses prior to their MBA?
or they've got no chance??


Considering they'll hire people with ZERO direct business experience (scientists, engineers), I'd have to say yeah, they'll hire someone who has actual business experience.

RF
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Re: Down On Consulting [#permalink] New post 27 Apr 2011, 07:12
First of all, thanks to all the contributors on this thread. I've learned a ton about the industry lifestyle here.

I've read through most all of the posts, but you'll have to forgive me if any of these questions are redundant. I may have missed earlier answers/insights.

What really differentiates McKinsey, Bain and BCG? I've heard mumblings about their different cultures (e.g. Boston is for intellectuals), but I've never heard anything comprehensive. Is there one among them that tends to focus more on specific industries or problems/tends to attract a different kind of person/be more family and free time friendly?

What is the duration of the typical signing contracts Associates get coming out of their MBAs? Is it just for one to two years or longer? Is there any negotiating in this process or do all MBA grads get roughly the same package?

Does it behoove an MBA to focus on a particular industry so that he can have a specialization going into the job or are most Associates at the big 3 basically all general management and strategy folks? Are there attractive or necessary concentrations within the major consulting firms that MBAs should aspire to become proficient in?

Is it easy to move offices once you're with the company? And conversely, is it common for the company to reassign you to a different office?

Do consultants in U.S.-bound offices typically get a lot of assignments in overseas or, more logically, do the European offices handle all the Europe assignments, Middle East office handle all the ME assignments, etc.? I'm working on polishing a couple foreign languages right now, and I'd like to know if this is even useful.

Are there a lot of opportunities for pro bono work?

Any advice for a former military officer who wants to get into consulting?


Thanks again, this thread has been extremely helpful!
Intern
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Re: Down On Consulting [#permalink] New post 06 Jun 2011, 03:56
Thanks for all the great insights on consulting.

Quick question: I would like to specialize in Hi tech or Greentech/environment companies. Which firms have the most expertise in each of these industries ?

Thanks
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Re: Down On Consulting [#permalink] New post 11 Jun 2011, 02:53
gijoedude wrote:
Wannabe consultants might find this article helpful:

http://www.economist.com/node/18774614



thanks. this seems useful. :)

Any other material - blog,magazine,websites - we can look into for good insight on mgmt consulting.
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Re: Down On Consulting [#permalink] New post 13 Jun 2011, 07:37
PranavChamp wrote:
gijoedude wrote:
Wannabe consultants might find this article helpful:

http://www.economist.com/node/18774614



thanks. this seems useful. :)

Any other material - blog,magazine,websites - we can look into for good insight on mgmt consulting.


You might find this site helpful.

http://managementconsulted.com/
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 [#permalink] New post 28 Jul 2011, 17:15
Hey all. Firstly, I have been on and off ghosting this forum for about a year now. I originally was curious about GMAT prep, even though it's a ways off for me, but after looking through the site a bit more, there are some wonderful insights into various industries, including consulting, which I have some questions about.

So I'm about to be a sophomore at IU Kelley, doing undergrad, and it's going quite well. However, I'm really having trouble thinking about what kind of career I'd like to have when I graduate, so I've been researching MC. This thread and Rhyme's thread on recruiting have been interesting, but I have some general questions that I haven't seen answered.

First off, Is getting a big 3 (or really any) MC job more difficult for an undergraduate business major, or majorly different in any way then if you're an MBA grad?

Secondly, I'm definitely considering going back to grad school, though I have quite a while before I will have to know, and I'm wondering if consulting is a good fit for someone who is looking into an MBA/JD program. I mean to say, do business schools have any preference when it comes to MC? For it? against it?

Third, in anyone's experience, is hard-work rewarded in the MC industry to a greater extent that face-time with the partners? What I mean to say is that I respect the idea of working your way upward in a company, rather than networking your way upward. I know that a certain amount of both is required to be successful, but I feel like there are definitely industries where advancement relies on one more than the other, and I'm wondering how the MC dynamic is.

I hope I didn't sound too ignorant, and that I didn't miss these answers somewhere else.
Thanks!
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Re: Down On Consulting [#permalink] New post 11 Aug 2011, 10:31
Want to go into consulting, have an entrance level job (Production Assistant) with Deloitte. I have my in, now what do I need to get into a Consulting position? Possible Designations? I'm obviously considering an MBA at some point too, hopefully Part time in 2012.

Thanks
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Re: Down On Consulting [#permalink] New post 22 Aug 2011, 13:37
im currently an auditor hoping to make the switch to consulting (pre-MBA to a smaller firm and post-MBA to MBB hopefully). any advice on doing this? i have a year of work experience and my cpa, any specific consulting firms i should target that will be open to my skillset?
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Re: Down On Consulting [#permalink] New post 04 Nov 2011, 22:58
I just want to thank all the people who have contributed their insights and experience in this thread...i've obtained a lot of useful info about consulting...was wondering if it is right for me and all these discussions will really help me make my decision....thanks a lot for posting :)
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Re: Down On Consulting [#permalink] New post 08 Jul 2012, 01:53
Is there anything like consulting jobs in the Big 4 focused on the automobile industry or the engineering and operations firms?

I'm a mechanical designer for the govt. of India with 5 years of experience. I'm looking at MC as a post-MBA goal.

Could some please help me with what options I have?
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Re: Down On Consulting [#permalink] New post 24 Jul 2012, 01:08
AylaSmith wrote:
Hi! Even though some of the previous posts are quite old, I thought I'd try and answer some questions that haven't been replied to yet :). I interned at a tier-two company and after that applied for full time positions at MBB. I received offers from two of them and reached the final round at the third so I have quite some experience with the recruiting process and also with how it is to start out as a consultant, but obviously know much less about what life is like in consulting long-term. My experience is based on offices in Europe, so it might be different elsewhere but my impression is that offices are quite comparable regardless of where they are.


Hi!

I'm a lawyer from Europe (experience mostly concerns EU law), and I'm looking to move into consulting after MBA, preferably back in Europe. Do you have any experience about financial regulatory consulting? Or for that instance, consulting work that involves public policy analysis? I'm asking because I'm really interested how exactly can I best use my law experience in consulting jobs.

Thanks!
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Re: Down On Consulting [#permalink] New post 02 Aug 2012, 08:42
AylaSmith wrote:
.


Thanks, very informative!

If you don't mind I might come back later with additional questions, since you work in Europe and I'm also looking to get back to Europe after MBA. :)
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Re: Down On Consulting [#permalink] New post 08 Feb 2013, 12:27
hi all,

If i am SCRUM certified and have a knowledge of auto loan and been into consultation, do all these aspects will be helpful to me when i apply to the MBA courses in different universities?

Thanks,
harsh
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Re: Down On Consulting [#permalink] New post 10 Mar 2013, 20:13
harshpopo26 wrote:
hi all,

If i am SCRUM certified and have a knowledge of auto loan and been into consultation, do all these aspects will be helpful to me when i apply to the MBA courses in different universities?

Thanks,
harsh

It's all about how you spin it as adding value to the learning environment and classroom discussions. It sounds like you have a unique perspective to bring to the table, which is great, but no one can tell you how much those experiences specifically will bolster your candidacy.
Re: Down On Consulting   [#permalink] 10 Mar 2013, 20:13
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