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Management Consulting Discussion - Page 21

post #301 of 496
Quote:
Originally Posted by hannibal06 View Post

If you really don't want people to know where you're applying, you should alter/delete the text. Google easily points you to the company.

oh, that's no concern. I was only looking for an opinion on that portion of the consultancy field. never heard of it before
post #302 of 496
Great read in todays NYT of Mr. Romney's practices/successes/hypocritical behavior as a management consultant. The man was terribly successful at what he did. Now the question is whether it helps or hurts his bid for the presidency.
post #303 of 496
Quote:
Originally Posted by NAMOR View Post

Great read in todays NYT of Mr. Romney's practices/successes/hypocritical behavior as a management consultant. The man was terribly successful at what he did. Now the question is whether it helps or hurts his bid for the presidency.

That's about Bain Capital, not Bain & Company.
post #304 of 496
Quote:
Originally Posted by NAMOR View Post

Great read in todays NYT of Mr. Romney's practices/successes/hypocritical behavior as a management consultant. The man was terribly successful at what he did. Now the question is whether it helps or hurts his bid for the presidency.

Bain Cap, not Bain and Co.

Of the many big PE players, Bain Cap is probably the most notorious for its unsavory practices, mainly paying itself dividends well before any extra value has been generated by the takeover target. I think if most Americans could grasp how Romney made his fortune at the helm of Bain Cap, a lot of people would be turned off.

Some PE firms had fairly good track records through the 90s and the last decade but I'd argue that Bain Cap wasn't one of them.
post #305 of 496
Quote:
Originally Posted by Newflyer View Post

That's about Bain Capital, not Bain & Company.

right, my comment was from the stand point of how the company in question was managed.
post #306 of 496
So I got a Poli Sci degree from Rutgers with a 3.46 GPA. No internships or related work experience. Anything specific I can do to make myself more attractive to the more respectable firms before I drop the money on an MBA?
post #307 of 496
Quote:
Originally Posted by Stillblade View Post

So I got a Poli Sci degree from Rutgers with a 3.46 GPA. No internships or related work experience. Anything specific I can do to make myself more attractive to the more respectable firms before I drop the money on an MBA?

The big strat ones probably aren't recruiting at Rutgers so unless you have an in with them we aren't aware of, forget about that. Other places like Accenture, Deloitte, IBM et al. recruit everywhere and the most important thing is probably to make yourself known to them and then be sure you know what to expect in the interview process.

Turnover at these places is massive so spots open up a lot. I'd honestly rather do a lot of other business or even government/non-profit work to prepare myself for an MBA before I worked as a consultant at a place like Accenture or IBM though. Low pay, long hours, and pretty boring work. And when you do apply for your MBA (at a top school, which I presume is your goal) you're competing in the "management consultant pool" against people who are coming in from Bain, Mckinsey, BCG, etc.

Consider industry, or even gov/NGO if you want to get an MBA in a few years. They are less competitive applicant pools than banking/consulting/IT.
post #308 of 496
Quote:
Originally Posted by Lord-Barrington View Post

The big strat ones probably aren't recruiting at Rutgers so unless you have an in with them we aren't aware of, forget about that. Other places like Accenture, Deloitte, IBM et al. recruit everywhere and the most important thing is probably to make yourself known to them and then be sure you know what to expect in the interview process.
Turnover at these places is massive so spots open up a lot. I'd honestly rather do a lot of other business or even government/non-profit work to prepare myself for an MBA before I worked as a consultant at a place like Accenture or IBM though. Low pay, long hours, and pretty boring work. And when you do apply for your MBA (at a top school, which I presume is your goal) you're competing in the "management consultant pool" against people who are coming in from Bain, Mckinsey, BCG, etc.
Consider industry, or even gov/NGO if you want to get an MBA in a few years. They are less competitive applicant pools than banking/consulting/IT.

Low pay? You can do a lot worse than 60-80k fresh out of school
post #309 of 496
Quote:
Originally Posted by phreak View Post

Low pay? You can do a lot worse than 60-80k fresh out of school

Accenture and Deloitte are in the 55-60K range out of school. But that's for 50-60 hours a week, without counting travel. That's low pay.
post #310 of 496

Is Deloitte consulting really that low? I thought they made alot more than advisory associates and thats about the same.

post #311 of 496
Quote:
Originally Posted by Lord-Barrington View Post

Accenture and Deloitte are in the 55-60K range out of school. But that's for 50-60 hours a week, without counting travel. That's low pay.

It's low for the industry, sure. What do you think the average college grad is making now?
post #312 of 496
Quote:
Originally Posted by phreak View Post

It's low for the industry, sure. What do you think the average college grad is making now?

Per hours worked it's just low, period.

That's a bit of a simplistic way of looking at it, of course, because it can be good experience and a nice way to start your career. When I graduated I would have gladly taken 30K a year for substantive experience in my field. So it isn't just a terrible choice no matter how you cut it. But in terms of compensation per hours worked it's terrible.

It's the same thing is people who get worked up over banking salaries. As an analyst you make 90-100K for 90-100 hours a week (in some cases). That's terrible pay.
post #313 of 496
Quote:
Originally Posted by Lord-Barrington View Post

Accenture and Deloitte are in the 55-60K range out of school. But that's for 50-60 hours a week, without counting travel. That's low pay.

well shit. i guess since i'm averaging 50-60 hrs per weeks at a lower salary than that... :\
post #314 of 496

Is being a consultant at a BIG 4 advisory practice complient with this thread ? fight[1].gif

 

 

 

Warning: Spoiler! (Click to show)

In France tounge.gif

 


Edited by nainbleu - 11/18/11 at 4:59pm
post #315 of 496
Quote:
Originally Posted by Lord-Barrington View Post

Accenture and Deloitte are in the 55-60K range out of school. But that's for 50-60 hours a week, without counting travel. That's low pay.

It's low-ish pay, but the people who stick it out (and I'm one of them) do it because the career advancement / learning curve is much faster/steeper.
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