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Management Consulting Discussion - Page 29

post #421 of 477
Hello, long time lurker here, I am currently a senior in college (Top 20 ranked University) and applying to consulting firms for FT. I've had some long landing some MBB interviews and for all the Big 4 for advisory, but unfortunately never made it past the 2nd round.

I know more consulting gigs should show up through my local career center. However, I'm still looking for other ways to find firms (boutiques as well) to apply for, so my first question is

Where else can I can I look besides linkedin, onewire, indeed (maybe not the best place)?

Although I've made it quite far in some of the interview processes, I Feel at times my interview skills are not up to par, and sometimes even though I think have at least a somewhat decent resume I get denied (not even through the screen) for some firms.

If anyone in management consulting would mind taking a look at my resume and possibly critiquing it that would be great. I'll PM it to you.

Thanks loads.
post #422 of 477

I'm in an interesting situation.

 

I landed an interview at my top choice MBB firm for their London office (currently doing a masters in the UK).

 

It didn't go particularly badly, but it wasn't flawless and the cases handed to me were very European (as an American there are some assumptions you won't reach nearly as quickly). In end I didn't make it to the final round, although the feedback I was given indicated they thought I should re-apply.

 

All of that said, I now feel I may be a better consultant in the US than in the UK. How do I reach out to US offices and attempt to secure a position, as recruiting season how now passed?

post #423 of 477

starting at PwC core tax in september...trying to eventually make a transition to business valuation/mgmt consulting, am i fucked?

post #424 of 477

Nope, Big 4 non advisory to MBB isn't that rare. You may need an MBA at some point to make the transition if you dont want to start as an analyst though.

post #425 of 477

what does MBB stand for? excuse my newbness, and i was mainly speaking to internally transition, then after a few yrs in the big 4 consulting arm try and go PE.

post #426 of 477
MBB represents the top 3 management consulting firms in the U.S.: McKinsey and Company, Boston Consulting Group, and Bain and Company.
post #427 of 477

I think transitioning internally is far harder than into a new firm unless you get an MBA.

 

It all depends on which of the big 4, as each has a different culture. Right now some are really growing their advisory arms.

post #428 of 477

this seems interesting, ive heard relatively good things about transferring out of a tax/audit line into advisory practices, but you're saying it'd be easier to go MBB from a tax/audit line? very curious.  I feel like as a core tax associate MBB would view me as having no business acumen relating to their business offerings while as transitioning internally they cut you a little more slack because they can see your track record, you can network your way in, etc..

post #429 of 477
do you have an idea which field or expertise you'd like to focus on? after a year, assuming youve done great work, begin to angle into projects of clients you'd like to eventually specialize in. big 4 here as well in the bay area and we get a lot of exposure to many of the top tech firms. ive no interest in that field but have learned quite a bit about common business practices, trends, challenges, etc from doing their tax work, tax credits, etc.
post #430 of 477

really? that's encouraging, i'd like to do business valuation, and I know the philly PwC office has a decent M&A tax presence, its still tax service line, not advisory. so I didn't know if I could try and get into that kind of work then move into the transaction services/business valuation line.  most associates going into the M&A practice are law students though.  I have another fear that if I did make such a career decision to go into the advisory arm, then the first sight of a bad economic turn I could be packing my things, so it's all very overwhelming.

post #431 of 477
focus on producing top quality work while building valuable relationships with coworkers, your managers, counselors, etc. its not un-common to see someone make a transition to M&A tax. after all, its all about finding the right pieced for a m&a team. ive worked on M&A projects simply because I had a ton of experience on the client so when time came over for the parent company to buy a smaller entity, a lot of my billing time switched from tax to an M&A charge code. Once you've worked with some M&A guys in the firm and know a few names, see if you can have lunch with a senior. That senior becomes manager and remembers your good work, blah, blah, blah, you can switch to M&A.
post #432 of 477
All the big 4 are currently trying to grow their nonaudit services since audit is basically stagnant. At my big 4 firm, business valuation is under the tax umbrella even though most of them have engineering degrees. Just being realistic but if your main focus is Federal tax then getting into MBB will be extremely difficult without a top tier MBA to back you up. If you can get into tax M&A though, you should definitely go that route. That's probably the most prestigious tax service line.
post #433 of 477
Quote:
Originally Posted by dohare View Post
 

this seems interesting, ive heard relatively good things about transferring out of a tax/audit line into advisory practices, but you're saying it'd be easier to go MBB from a tax/audit line? very curious.  I feel like as a core tax associate MBB would view me as having no business acumen relating to their business offerings while as transitioning internally they cut you a little more slack because they can see your track record, you can network your way in, etc..

I've known 5+ people who've done this. Just be aware that they all started as entry level analysts within the MBB, so effectively moving down a rung. Some were promoted very quickly back to their previous level, some not.

 

I haven't worked at the big 4, so what I say about transfering internally just comes from what people who work there and recruiters have told me.

 

Since advisory tends to be growing, I'd advise you simply to try and network your way in. With two of the big 4 making major M&A moved into management consulting, they likely have needs to get their own people in there to assist in integrating the culture.

post #434 of 477

In my experience, the only conversations consultants in the Big 4 have with Tax/Audit colleagues is regarding their industry expertise and knowledge. So I would think the best way to build your network within advisory would be to focus on a particular industry and make connections with the appropriate consultants who work a lot in those industries.

post #435 of 477
Quote:
Originally Posted by Texasmade View Post

All the big 4 are currently trying to grow their nonaudit services since audit is basically stagnant. At my big 4 firm, business valuation is under the tax umbrella even though most of them have engineering degrees. Just being realistic but if your main focus is Federal tax then getting into MBB will be extremely difficult without a top tier MBA to back you up. If you can get into tax M&A though, you should definitely go that route. That's probably the most prestigious tax service line.

yeah this is ideal. which is why at pwc its mostly lawyers.  however, this is my second internship at pwc, so i'm tempted to see if i can switch to m&a after receiving my offer letter.. maybe ill have more pull as they can see my track record/recommendations? i'll have a MAC degree..so no MST/JD. i was told they ask to see if youd like to select a certain industry at the end of your internship and in some cases specialty group. i guess we'll have to see. appreciate all the advice, really helpful.

 

interesting that bus. val. falls under tax, usually its TS eh?

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