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Consulting vs IB vs Big 4 - which one opens more doors for careers?

Discussion in 'Business, Careers & Education' started by merkur, Jul 26, 2010.

  1. Flambeur

    Flambeur Well-Known Member

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    IMPORTANT NOTICE: No media files are hosted on these forums. By clicking the link below you agree to view content from an external website. We can not be held responsible for the suitability or legality of this material. If the video does not play, wait a minute or try again later. I AGREE

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    Welcome to three years ago... [​IMG]
     
  2. SirSuturesALot

    SirSuturesALot Well-Known Member

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    Here's one from last year that hasn't been circulated ad nauseum: Wall Street Fighter 4.
     
  3. Stazy

    Stazy Well-Known Member

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    Can we create a "career and seduction advice" subforum so the morons can congregate among themselves?

    It's called styleforum
     
  4. gladhands

    gladhands Well-Known Member

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    This is what's wrong with America. People can become consultants in fields in which they have not shown previous success. Consulting should not be an option for anyone with fewer than 10 years in their field.
     
  5. MetroStyles

    MetroStyles Well-Known Member

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    This is what's wrong with America. People can become consultants in fields in which they have not shown previous success. Consulting should not be an option for anyone with fewer than 10 years in their field.

    Orly? So you expect 35 year olds with 10 years of field experience to be doing Excel bitchwork? Yes, fabulous business model.
     
  6. gladhands

    gladhands Well-Known Member

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    Orly? So you expect 35 year olds with 10 years of field experience to be doing Excel bitchwork? Yes, fabulous business model.

    I understand what you're saying, but I wouldn't want to pay consulting fees to someone straight out of B-School, or even worse, undergrad.
     
  7. MetroStyles

    MetroStyles Well-Known Member

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    I understand what you're saying, but I wouldn't want to pay consulting fees to someone straight out of B-School, or even worse, undergrad.
    Thankfully you are not one of the 95% of Fortune 500 companies that use management consultants and continue to do so despite the age of their project teams. Edit: I don't think you realize that consultants, especially younger ones, are used as mercenaries. You COULD as a company hire a smart Ivy grad to work for you for 10 weeks on a project...oh wait, no you couldn't because in-demand young workers actually want full-time jobs. So you see, it is a way of filling temporary labor needs without dealing with hiring and firing. The senior consultants are similar, but also brought in for obvious industry expertise.
     
  8. gladhands

    gladhands Well-Known Member

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    I get why large consulting firms use consultants, and I get why consulting firms hire kids (they're cheap), but the problem lies in the fact that corporations are paying for expertise, that they may or may not be getting.
     
  9. MetroStyles

    MetroStyles Well-Known Member

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    I get why large consulting firms use consultants, and I get why consulting firms hire kids (they're cheap), but the problem lies in the fact that corporations are paying for expertise, that they may or may not be getting.

    Wrong. Like I said, corporations are paying for:

    a) expertise
    b) the manpower to execute on that expertise

    If a company just wants brief advisory they hire the appropriate project team. If they need to get shit done, and need good people to do it, they will hire a larger project team with both senior and junior people.

    Trust me man, the free market has figured out what the right price for this service is. It's not like America's corporations have been swindled for the last 50 years through a ponzi scheme called consulting.
     
  10. Flambeur

    Flambeur Well-Known Member

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    ^^^^^ word

    It's not really about specific "expertise" most of the time
     
  11. onix

    onix Well-Known Member

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    I get why large consulting firms use consultants, and I get why consulting firms hire kids (they're cheap), but the problem lies in the fact that corporations are paying for expertise, that they may or may not be getting.
    I don't think you're familiar with management consulting.
     
  12. volatility smile

    volatility smile Well-Known Member

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    Trust me man, the free market has figured out what the right price for this service is. It's not like America's corporations have been swindled for the last 50 years through a ponzi scheme called consulting.
    I see where you're going, but what about stuff like this:
    (taken from http://tech.mit.edu/V130/N18/dubai.html). I realize his experience may have been atypical, but what's up with that?
     
  13. MetroStyles

    MetroStyles Well-Known Member

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    I see where you're going, but what about stuff like this:
    (taken from http://tech.mit.edu/V130/N18/dubai.html). I realize his experience may have been atypical, but what's up with that?


    It is an anomaly. People will also exaggerate to attract attention. I can only speak from my experience at one firm, and my friends' experiences at others.

    Look, I don't even love the job and I am defending it on this point.
     
  14. ConcernedParent

    ConcernedParent Well-Known Member

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    On a related note. How does or can one break into consulting without any real quantitative experience? I'm a philo major and have good grades so far from a good (not top) school; USC if it matters... of course I'm just skimming the water of this as a possible career, not dead set BCG/Bain/McK or die trying or anything.

    I can still change my major but I really don't trust my mathematical skills to be able to graduate with say, an econ degree, with the same GPA.
     
  15. MetroStyles

    MetroStyles Well-Known Member

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    On a related note. How does or can one break into consulting without any real quantitative experience? I'm a philo major and have good grades so far from a good (not top) school; USC if it matters... of course I'm just skimming the water of this as a possible career, not dead set BCG/Bain/McK or die trying or anything.

    I can still change my major but I really don't trust my mathematical skills to be able to graduate with say, an econ degree, with the same GPA.


    You will need something to prove you can handle the quant. You need to take some relevant classes. Activities can help but not as much. Internships in a related field can add a lot of value as well. Qual majors get their chance in interviews, but not nearly as often. How are your math SATs?
     
  16. gladhands

    gladhands Well-Known Member

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    ^^^^^ word

    It's not really about specific "expertise" most of the time


    The question is not what management consulting is in practice, and what it is meant to be, and there is a huge disconnect.
     
  17. MetroStyles

    MetroStyles Well-Known Member

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    The question is not what management consulting is in practice, and what it is meant to be, and there is a huge disconnect.

    No.
     
  18. Fuuma

    Fuuma Well-Known Member

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    The question is not what management consulting is in practice, and what it is meant to be, and there is a huge disconnect.

    He's telling you consultants don't do consulting but are just luxury office temp workers. But yeah, consulting IS a ponzi scheme.
     
  19. ConcernedParent

    ConcernedParent Well-Known Member

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    You will need something to prove you can handle the quant. You need to take some relevant classes. Activities can help but not as much. Internships in a related field can add a lot of value as well. Qual majors get their chance in interviews, but not nearly as often. How are your math SATs?

    Pedestrian. 730 [​IMG]. Am I boaned?

    I've done a semester so far and possibly, maybe, could survive Calc II. But once it gets to vectors and multi variable shit, I'll inevitably struggle and my gpa is just going to tank.
     
  20. MetroStyles

    MetroStyles Well-Known Member

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    Pedestrian. 730 [​IMG]. Am I boaned?

    I've done a semester so far and possibly, maybe, could survive Calc II. But once it gets to vectors and multi variable shit, I'll inevitably struggle and my gpa is just going to tank.


    Take Calc II and take stat (even easy stat). Take something like a corporate finance elective. Highlight the shit out of these courses on your resume. Corp finance is easy, so is (easy) stat. Get a couple A's and that will help a lot.

    730 in math is fine. As long as you are 700+ that's okay.

    For someone like you, the big 3 or something similar would be best. Stay away from the quantier shops or anything focusing on financial services.
     

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