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Management Consulting Discussion

Discussion in 'Business, Careers & Education' started by Artisan Fan, Feb 7, 2011.

  1. netseeker09

    netseeker09 Well-Known Member

    Messages:
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    Jul 10, 2011
    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.
     
  2. MSchapiro

    MSchapiro Senior member

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    2,097
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    Sep 26, 2011
    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?
     
  3. dohare

    dohare Senior member

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    195
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    Oct 19, 2013
    starting at PwC core tax in september...trying to eventually make a transition to business valuation/mgmt consulting, am i fucked?
     
  4. MSchapiro

    MSchapiro Senior member

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    Sep 26, 2011
    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.
     
  5. dohare

    dohare Senior member

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    Oct 19, 2013
    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.
     
  6. GreenFrog

    GreenFrog Senior member

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    Oct 20, 2008
    MBB represents the top 3 management consulting firms in the U.S.: McKinsey and Company, Boston Consulting Group, and Bain and Company.
     
    Last edited: Dec 30, 2013
  7. MSchapiro

    MSchapiro Senior member

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    Sep 26, 2011
    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.
     
  8. dohare

    dohare Senior member

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    Oct 19, 2013
    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..
     
  9. NAMOR

    NAMOR Senior member

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    20,575
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    Sep 3, 2010
    Location:
    Heavenly & Northstar
    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.
     
    Last edited: Dec 30, 2013
  10. dohare

    dohare Senior member

    Messages:
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    Oct 19, 2013
    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.
     
  11. NAMOR

    NAMOR Senior member

    Messages:
    20,575
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    Sep 3, 2010
    Location:
    Heavenly & Northstar
    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.
     
  12. Texasmade

    Texasmade Senior member

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    Location:
    Houston, TX
    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.
     
  13. MSchapiro

    MSchapiro Senior member

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    Sep 26, 2011
    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.
     
  14. ballmouse

    ballmouse Senior member

    Messages:
    1,102
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    Aug 21, 2011
    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.
     
    1 person likes this.
  15. dohare

    dohare Senior member

    Messages:
    195
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    Oct 19, 2013
    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?
     
  16. Texasmade

    Texasmade Senior member

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    Apr 26, 2008
    Location:
    Houston, TX
    Same at my firm. Almost all of the tax M&A people are lawyers. If you can't get into M&A then maybe look into transfer pricing. Just try to avoid something that's really specialized like international expatriate services or R&D credits.

    Yeah, I have no idea why though that we lump business valuations under tax instead of advisory.
     
  17. kasper007

    kasper007 Senior member

    Messages:
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    Jul 16, 2008
    

    McK makes you wait a year before you can reapply after an unsuccessful application, i'm assuming Bain and BCG do the same. At your level, minimal if any recruitment is done off season and networking only gets you so far. Unlike finance where interviews are more geared toward fit and having built relationships with professionals really helps, the recruiting process at MBB is extremely fair and nailing those case studies counts for 90%+ of the hiring decision. Probably not much you can do but to wait for next year. BTW, London (along with NYC and SF) is much much more competitive to get into so if you can, i would advise to have a regional office as your first choice if you want to increase your chances of success.
     
  18. akatsuki

    akatsuki Senior member

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    2,648
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    Apr 5, 2008
    Location:
    Brooklyn, SF, Tokyo
    About to leave my firm for new ventures, can't wait at this point...
     
  19. GreenFrog

    GreenFrog Senior member

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    Oct 20, 2008
    

    Do you mind my asking what you plan to do next?
     
  20. akatsuki

    akatsuki Senior member

    Messages:
    2,648
    Joined:
    Apr 5, 2008
    Location:
    Brooklyn, SF, Tokyo
    Between a couple of different things right now - may go do found a startup, or just looking for investing opportunities that throw off cash and chill out a bit (e.g. rental properties in NYC).
     

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