Regarding exit strategies, the answer is clear... almost anything! You can choose to activate only essential cookies or all cookies. 6 Comments Share. share. I've heard one of the benefits of working at MBB post-MBA are the exit opportunities. save. The 75% level at $163 can be a level to take-profit at and move stop-losses into profit if LTC climbs higher. Sort by. Additionally, the alumni lists of the top tier consulting firms are full of people now working as senior executives at large companies, and it’s possible to reach out and connect with these people when looking for a new job post-consulting. 3 24.02.11 Unemployed Benefits : Which way to go ? Companies love hiring ex-MBB consultants because they know they are hiring high-caliber people. Sep 18, 2020 0. New comments cannot be posted and votes cannot be cast. Write an answer. Q&A Upvotes. Top Consulting Firms (2020) MBB – McKinsey, BCG, Bain; McKinsey Internship Guide; McKinsey Implemetation vs Strategy; BCG Internship Guide; Bain Internship Guide; Big 4 – Deloitte, KPMG, PwC, EY; Boutique Firms ; Salary Reports. In short, there are many, many different opportunities - with the 3 year mark commonly being the sweet spot for exit, often after recent promotion to Engagement Manager / Project Leader. 100% At any one time, more than 15% of the CEOs of the top 500 global corporations are alumni of McKinsey, BCG or Bain. […], The Most Popular Frameworks for Structuring Consulting Cases, Thirty years ago, people started to use frameworks to structure cases, as was popularized by the book “Case in Point”. Doing the Greenback Boogie: Switching from Consulting to Private Equity. Hi there, In terms of roles, very similar to the large strategy/management consulting firms. Or is most of the hype over MBB largely bullshit? After working with large … MBB typically hires the smartest people, pays the highest compensation, and has the best exit opportunities. Top Targets – Harvard and University of Pennsylvania have placed ~2x the amount of people into MBB than the following targets.Their dominance in MBB consulting is extremely impressive. In general, you can make most transitions out of MBB. Too often people end up in jobs for wrong reasons- peer pressure, money, impatience etc. Up Next. This also tells you something interesting about consultancy. Although exit opportunities from MBB are famously the best, they are fantastic after working at any strategy consulting firm. However, you of course need to decide what options you want. Let's look at them one by one and analyse which firm is best for each. You’ve got lots of options waiting for you once you’ve decided to pursue other opportunities – the most prominent of which is finding a position within the larger organization. hide. Furthermore, given their expertise, you'll likely be looking at more voles in PE/VC. (, I want to be notified about updates regarding this question via email, Interview advice for non-consulting role & compensation, Switching to a Client facing role from Bain Capability Network. Considering that most exits happen at M/early SM levels, the opportunities at least in big tech are comparable across MBB and B4. However, Deloitte is also a much larger company, so I imagine by sheer volume, more would have … A particularly big one is a position with the firm’s parent company, The Nielsen Company. Conclusion. Amazing exit opportunities. As a consultant, you’ve gained a track record of working in an environment like this and have developed the skills to thrive, which is exactly what CEOs look for when hiring their top talent. Industry: Size of Business (e.g., startup, F500): Role: Compensation (e.g., salary, bonus, stock): 71 comments. In this article, we cover what exit opportunities look like after consulting and how top-tier consulting alumni often end up in senior roles. If you want broader options, go with MBB. Meetings, 4,253 Posting as : a Senior Consultant Consulting Exit Opportunities Mentor. Really enjoying the work so far (healthcare exclusively so far), but starting to think about exit opportunities (3-5 years down the road). Role title/ position importance - exit opportunities, Headhunters reach out strategy consulting, Given my background in finance, what type of management consulting role would be the most logical to pursue post-MBA. Exit opportunities are broad and plentiful. Personally, I think Deloitte Monitor, Strategy& Oliver Wyman etc are the next best stops after MBB in terms of clout, opportunities and type of work. Thanks! I have two job offers, Equity research at a 2nd tier bank and MBB consulting, both located in Dubai. The previous post covered finance and entrepreneurship. 4. What is the difference between the exit opps from Strategy& and an MBB after c.3 years of experience? I am applying to an MBB firm. Consulting salaries at McKinsey, Bain & BCG If you learn to consistently crack case interviews, it's not that uncommon to receive multiple job offers from MBB. McKinsey, Bain and BCG Exit Opportunities and How MBB Alumni Snag Executive Roles at Major Companies At any one time, more than 15% of the CEOs of the top 500 global corporations are alumni of McKinsey, BCG or Bain. So, on a per-applicant rate, I reckon MBB would be more likely to be accepted as a FAANG PM / fancy VC if they try. Thats the answer. MBB hires the smartest people, pays the highest compensation, and has the best exit opportunities. Look at online discussions of this topic, and you’ll see words like “black hole” and “bottomless void” used to describe your options. the question is, based on your experiences, what are the exit opportunities available after MBB, in case I decide to leave? 3 years ago. Private Equity (PE) funds represent some of the most lucrative players in the business world. Four of the top factors the candidates we work with usually ask us about are: salary, methodology, work-life balance and exit opportunities. You can always change your preference in the cookie and privacy settings. 4 Like . Anonymous A asked on Sep 21, 2020 - 7 answers Does working in MBB in Singapore or Dubai lead a person to an executive position in the corporate world in industries such as pharma or consumer goods? OR, if you're going into Mck/BCG but plan to be put on a fair few DDs and other PE projects. Exit options MBB vs. Big4. Risk-to-Reward: 3.54. If we're looking at # of options, MBB is much greater than Equity research. 191 In terms of geographies and industries -same as clients you would serve-. My prior work experience is entirely in nonprofits/foundations. level 1. report . I have internship experience in Equity research and I like it, but the prestige & name recognition of MBB are unmatched. She could not afford the opportunity cost. Sort by. Luca . Meetings, 11,320 Exit Opportunities. The exit opportunities are one of the biggest attractions to working in consulting. Q&A Upvotes. I'm a physician (MD) turned consultant at MBB (US). (including salary, hours etc) txIa03 So, on average MBB tend to be more capable / smarter than a typical Deloitte consultant. Finally, consider the multiplier effect where the above also applies to all of a consultant’s colleagues and that through them he or she can reach many more of the right people. Plus sample case and fit interview videos. On average, around 25% of consultants enter investment management, such as Private Equity and Venture Capital, 25% go into entrepreneurship by joining startups or founding their own, 25% join a strategy team within a large corporation and 25% go into non-commercial roles such as academia, non-profits, the civil service, teaching, or simply retire. 8 full cases with solutions (incl. That said, the Big4 is still a solid starting point; offering advancement, pay and exit opportunities that completely outstrip most regular grad schemes. I realize this is a complex question, but would like to hear opinions. You will get an equal shot at interviewing for all the good roles provided you have done a reasonably healthy mix of projects across strategy, analytics, and operations. Exit opportunities by years of experience at MBB? 9 24.02.11 Private Equity. Attractive Exit Opportunities. I know this sounds super elitist, but there are so many idiots at Amazon who went to mediocre schools. There is no cohort rankings in MBB. I'm 29 now and just finished applying to (mostly) M7 MBA programs. It's a pretty consistent refrain that MBB exit opportunities seem to be a bit "better" than non-MBB exit opps. Considering this, would my exit opportunities be substantially different than others typically have? But it might be something when it comes to exit opportunities as an Associate in investment banking. Listen to your 6th sense/gut feeling and stick with it. All that said, you may be able to "hedge your bets" if, for example, you're going to Bain (more PE-focused). In addition, after working at TCG, you’ll have enough positive experience to jump over to a larger, more general-strategy firm, although you’ll really have to network to jump straight to MBB. Feb 08, 2021. Posted from TSR Mobile 0 This is closely followed by consultants that either join or found start-ups and those that move into private equity or other investment roles. Related Topics: LTC Price Analysis. If things go well, larger financial upside. I am facing a huge dilemma and would really appreciate your help. Q&A Upvotes. Public sector. World + 2 more. Private equity: wouldn't bother looking at Big4 resumes. Looking to get some information on what are the typical roles/positions that people go into in top tech after spending 2-3 years in MBB consulting straight out of undergrad (~25 years old). Personally, I think Deloitte Monitor, Strategy& Oliver Wyman etc are the next best stops after MBB in terms of clout, opportunities and type of work. Consider it if: You’re looking for renewed meaning in your work. The people at MBB are smarter, better credentialed, and more accomplished than my Amazon colleagues. best. How true is this? For non-tech MBA graduates, Amazon's exit opportunities are very limited. If you're sure you're interested in banking/PE then stick to Equty Research. Opportunities for those who are from Eastern Europe. Download resume templates and watch in-depth, step-by-step resume advice videos. The exit opportunities are one of the biggest attractions to working in consulting. In addition, choose that option which will be a better fit with your values, career aspirations & risk apetite. Many undergraduate consulting hires pursue graduate school after a few years. But it might be something when it comes to exit opportunities as an Associate in investment banking. Exit opportunities are broad and plentiful. Attractive exit opportunities: MBB consultants have a wide range of exit opportunities, including strategy, operations, business development, corporate development, product, and marketing. Reading your question, I sense a certain passion for Equity research. The majority of consultants leaving McKinsey find their next job through the McKinsey job board! 38 24.02.11 IBM v Atos Origin. Considering applying to McKinsey, BCG or Bain? Even though MBB provide amazing opportunities for personal and professional development, consulting is not everyone’s life goal. 5 02.03.11 more sites like this topitconsultant.com? Your safety is our mission. In reality, though, things are not even close to this abysmal. GDPR, to your data being processed in the USA (by Google LLC, Facebook Inc., LinkedIn Inc., Stripe, Paypal). Should I cold-email a partner I barely know to ask for a referral? McKinsey & Company: The oldest and largest firm out of MBB has over 30,000 employees, 130+ offices around the world, and $10.5B in annual revenue. 50 Targets – There is a crop of elite schools (and somehow UC Berkeley slid in here) that solidly place into MBB every year. What exist is rankings based on your performance evaluation but that applies to the whole levels. Leaving the management consulting practice at Accenture may come early on, or after several years with the company. Similar to exit opps after working at a top tier investment bank verses working in the transaction advisory team at an accounting firm. It also means you’re likely one of a very small pool of candidates who have a highly differentiated combination of skills. A few years in a top-tier consultancy open doors to you that would not have been available otherwise. due dilligence, carve out, M&A, Post Merger Integration), BCG | 100% personal interview success rate (8/8) and 95% candidate success rate | Personalized interview prep, Accenture, Deloitte | BIG4 & Tech | Experienced Interviewer & Career Coach | 14 years professional experience | MBA, Cambridge JBS, Ex-Mckinsey|Certified Career Coach |Placed 500+ candidates at MBB & other consultancies, McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide author, BCG | Strategy& |Roland Berger | Interviewed >100 candidates in formal hiring process, Anonymous A asked on Dec 26, 2020 - 5 answers, By sending your message you agree to the processing of your data for the purpose of handling your request. 7 24.02.11 where to find a wife. Sort by. MBB: Ranking within your class affect exit opportunities ; expert. Nonetheless, Big 4 firms are also respectable career launching pads – offering the same kind of exit opportunities as MBB, although the quantity and quality (pay) are usually lower. Does working in MBB in Singapore or Dubai lead a person to an executive position in the corporate world in industries such as pharma or … The Big 3/MBB consulting firms mostly target top business schools in the United States/Canada. Curious97 Dec 4, 2019 34 Comments Bookmark; function; Hey everyone. I'm 29 now and just finished applying to (mostly) M7 MBA programs. The title pretty much says it all. EASA Light Still waiting for results (only know about UCLA so far), but I'm using the time to refine my idea of what I want to do with the degree after. best. (for MBAs, corporate strategy roles at F500, etc.) Look at online discussions of this topic, and you’ll see words like “black hole” and “bottomless void” used to describe your options. My Bio: I have spent the last 3 years at a mid-sized MBB office in the US. Dont bet on a future decision now- you can't predict this but only plan for it. Exit opportunities are broad and plentiful. In addition, MBB consulting firms typically have the biggest name clients, the most challenging and impactful projects, and the highest billing rates. Consulting salary grows at 5 percent annually on average. From your message I have a feeling that you're more interested in equity research because you have experience there, but you're also temped about the MBB (money&prestige&travel), is that so? Accenture Exit Opportunities. Exit Ops for Finance Analyst at an Investment Bank Will I be considered a failure if I go into big4 audit Audit career Big4 Advisory Experience and Questions Corporate Tax or Audit at Big 4 (Better Opportunities) Big4 share. Access all the online resources you need for success in your case and fit interviews. Consulting is a strong springboard to many other careers, so often consultants are able to land a number of exciting roles post-consulting. Having McKinsey consulting, BCG consulting, or Bain consulting on your resume will instantly provide you with credibility as you pursue opportunities throughout your career. To the person who can’t have children but wants them, becoming a stay at home parent is an amazing opportunity. Best for pay: McKinsey Meetings, 14,768 Give Back. MBB Singapore/Dubai Exit opportunities. We set the cut-off at 80 hires per year. Log in or sign up to leave a comment Log In Sign Up.
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