I went to a non-target for MC but for accounting it is very highly regarded, I was brainless in college and went into Big 4 audit. Booz is the firm with the best industry exits outside of MBB hands down (check their website or wiki for reference), and in fact their industry exits are near comparable to BB (they have CEOs at Pepsi, Harper Collins, Siemens, Medtronic, the president at United Tech and the Barclays COO). Consulting screening tests are basically reasoning tests optimized for the consulting recruitment process although the wording might be different, they all tests for verbal reasoning (handling written language), numerical reasoning (handling numbers), and logical reasoning (drawing conclusions based on limited given facts). Aut minima quis ipsam delectus tempore nobis. This simulates the actual work of management consultants who have to constantly filter piles of data in very limited time to extract the most relevant insights. Either way, the following steps apply for any and all candidates, so keep reading! they willl throw a project at you and you better learn fast. In 2019,Espresso Whatelse has increased its revenues but it has seen declining profit margin.Your client wants to understa I'm at a non-target, so MBB is pretty much out unless I get very lucky or score some extreme contacts, so I was wondering how good some of the other firms are (such as Booze, Capgemini, AT Kearney, Deloitte, etc.) If rescuing distressed companies sounds like fun to you, A&M may just be the firm youve been looking for providing great strategy, operations, and finance exposure. Lower down in the tier list, at Big 4 firms or the so-called Tier-2 firms, chances are higher but it's still a highly competitive field - those firms don't pay handsome salaries for nothing! Cheer up, you have a decent paying job, living in United States, instead of Spain, Greece, China, etc. Is anyone familiar with this phrase and what those consist of? Et aut aut quae sint non sit nesciunt expedita. These firms help companies manage their talent, from compensation to organizational design to leadership and development training. Every year, dozens of thousands of applications are screened by McKinsey, BCG and Bain consultants, but less than 1% of them are ever accepted. not as willing to look at non-targets). Unlock the secrets to every step in the consulting recruitment process with our Ultimate Management Consulting Program! Bridgespan comprises the totality of our Non-profit consulting category. Deloitte S&O doesn't recruit from Oregon. By the way, how did you get into IT Consulting with an International Relations major? I don't think b-school placements from the other strategy houses are quite as good as MBB, but you're right about them being very competitive. Suscipit voluptas consequatur earum rem aut accusantium. Some firms utilized a group version of case interview such as Deloitte, whose interview is explained in detail in another article. or Want to Unlock by signing in with your social account? The site looked through 80,000 interview reviews, ranking companies based on a 5-point interview difficulty scale. On Glassdoor, employees give a 75% approval rating to the firm. Avaccine is one of the biggest hopes for stopping the pandemic. Applied online? Quae suscipit eum ab perferendis. The firms is known to have good communication across hierarchical levels and most employees are known for collegial personalities. Mercer HR Consulting -> OW Generalist Possible? Are these offices looking for more polished candidates? Here are the top 50 consulting firms to work for in 2021: Bain & Company The Boston Consulting Group, Inc. McKinsey & Company Booz Allen Hamilton The Parthenon Group Oliver Wyman Clearview Healthcare Partners Deloitte Consulting LLP "PricewaterhouseCoopers Advisory Services LLC (PwC Advisory Services)" Putnam Associates Alvarez & Marsal It really depends on context. L.E.K. The Bridgespan Group is a global consultancy that collaborates with mission-driven leaders, organizations, philanthropists, and investors to break cycles of poverty and dramatically improve the quality of life for those in need. Rolls. You are right because your data and reasoning are right." The firm is known for its long work hours and meritorious culture, but compensation reflects this. Many of these firms have historical foundations in accounting but have built excellent general management and technology-based consulting offers. Molestiae rerum aut culpa ut. If your passions lie at the intersection of life sciences and strategy, Clearview Healthcare Partners is for you. The top firms in this category are: EY-Parthenon, Strategy&, Kearney, LEK, Oliver Wyman, and Roland Berger. In terms of content, you must be highly specific and result-oriented. With almost half a billion dollars in annual revenues, Wavestone is a serious up-and-comer in the strategy & implementation consulting space. You're working too hard to get into a top MBA program. To start with the basics, the Big 4 is a name given to the world's four largest professional services firms. Fancy-looking resumes belong to creative jobs, not the conservative consulting industry those resumes tend to head straight for the bin very quickly. Btw, for McKinsey the hardest offices to get in (within the ocidental world!!) 2005-2022 Wall Street Oasis. In IT, the salary outlook is even brighter. Kearney maintains offices in more than 40 countries globally. Would an entry level Operations or HR position at a bank for 1-2 years enable him to apply (successfully) for a 1st year consulting position? You're not getting into ACN or KPMG Strategy without strong credentials and a rigorous case interview process. SORRY. ", Life, liberty and the pursuit of Starwood Points, ----------------------------------------------------------------- But they also tend to work alongside law firms to help place a value on the impact of illegal market behavior. Heres the cold hard truth you need to be the creme-de-la-creme to even have the slightest chance at the top firms, such as McKinsey, BCG, or Bain. Et quia culpa nesciunt dolorem qui officiis. About 2% to 5% of people leave, depart for new jobs. Get real. Consulting Outside of MBBhow hard to get in, how good are exit ops? a few 2nd tier is doable from non-targets (e.g. If you are applying for an internship or job through campus recruiting, the deadline is during the first half of the year. While EY-Parthenon may be able to access the power, global reach, and capabilities of one of the worlds corporate giants, the firm still retains its trademark boutique culture. Lay down the content base select 3-5 extraordinary stories in your personal and professional life, then gather all related details. glassdoor's third annual report of the top 25 most difficult companies to interview (2013)* uncovers which companies have the toughest interview process, according to job candidates over the past year, along with average interview duration, average interview experience (positive vs. negative), and overall employee satisfaction ratings to shed Over a century old, the Washington D.C.-headquartered firm has over 80 offices around the globe. or Want to Unlock by signing in with your social account? If the thought of working for a growing do-it-all consultancy lights you up, Wavestone may be the firm for you. It is the Italian market leader and has a strong presence overall in Europe. If you have questions as to which consultancy might be best for your desired career path, book a 1hr session with an expert coach. BCG has an intellectual culture that prioritizes creativity and academia. Qui sint mollitia est earum. WSO depends on everyone being able to pitch in when they know something. Case interviews are job interviews with a business context, where candidates are asked to propose solutions to a business problem. The stories you tell in the resume and cover letter must also coincide with the three attributes it must either be about leading and influencing people, doing analytical work, achieving the extraordinary, or any combination. Generally, the foundation of their offerings is strategy consulting, but these firms offer surprisingly broad services. It seems unlikely. Ok so there's four of them. When firms are facing or are actually in bankruptcy, they may need to hire a turnaround consultant. However, if you're going to go into a senior position and have relevant experience, your age can be more than 30. WSO NYC Meet Up: Thur Nov 17th, 6:30pm - 5th and Mad (7 E 36th St), WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Management consulting firms exist in every corner of the planet and serve virtually every industry niche. I largely agree. Laudantium impedit voluptatem minima laudantium. Bain & Company. The companys primary service lines consist of corporate strategy, mergers and acquisitions, and operations. The firm advises C-suite, business, and organizational leaders across multiple sectors, including consumer, diversified industrial products, education, financial services, health care, life sciences, oil and gas, private equity and technology, media and telecom. You won't get in. McKinsey is also known for pioneering the recruitment of advanced professionals with non-business degrees to its consulting teams. motor and gear oil) to industrial applications (e.g. Below is a list of top schools contributing significant percentages of consultants at MBB firms according to a 2018 analysis of Wall Street Oasis users. This might be a hot take but firms like Accenture, KPMG, and especially Capgemini/Genpact have large "consulting" arms that are essentially body shops that aren't super demanding. They are the top 4 Consulting firms in the world. Bain & Company is a global management consulting firm headquartered in Boston, Massachusetts, and with 63 offices in 38 countries around the world. If we had to choose a "one-stop-shop" category, this would be it. 5.0 (1 Review) Visit website. All of them are discussed in detail in the Consulting Fit Interview article, so check it out if you wish to learn more. a GDPR, to your data being processed in the USA. These are firms like Monitor, Booz/Katzenbach, Marakon, LEK, etc. Well, what MBAs will allow me (outside of the usual suspectsread M7) a good shot at getting into MBB after my MBA and will still have a good enough name for me to exit as a high ranking officer for a corporation. or Want to Sign up with your social account? Title basically says it. When I first joined McKinsey, no one told me how to cope with the pressure and make the best of the consulting job. McKinsey consultants are known to be amongst the hardest workers in the industry, which in turn result in outstanding exit opportunities. Booz Allen Hamilton has also worked on several interesting projects, including helping the U.S. Navy reinvent itself into a force critical in aiding in Americas World War 2 victory. Esse corporis tenetur deleniti magni harum. But how do you know which consulting companies would be best for your career path? You need to equip yourself with the following three attributes before joining the management consulting world: leadership, achieving, and problem-solving. at op: The firm focuses on providing customized, actionable recommendations that draw on problem framing, cutting-edge methodologies, deep therapeutic area knowledge, extensive global networks of health care stakeholders, and expert synthesis across scientific, clinical, and business disciplines. After you have practice thoroughly with each question type, the next step is to do mock tests to self-assess and develop a test strategy. In terms of visual format, there is no other choice but black-and-white. Deloittes Strategy and Analytics arm formerly Strategy and Operations is essentially its management consulting arm, while its other practice areas have less to do with overall corporate strategy. is an effect of point 1. also some outstanding people work in big 4s and also some real douchebags 3) Learning curve is steep. The company generates roughly $1.4B in consulting revenues every year. Doloribus voluptas voluptas et. Some consulting firms require almost 100% travel, others require much less. Last Updated on June 2, 2022 The global strategy & management consulting industry is estimated to be worth $155 billion and market size of $250 billion in 2019. While everyone knows about McKinsey & Company, Boston Consulting Group, and Bain & Company, there are numerous other consulting firms that offer great client service and fantastic professional experience. Keep it utterly formal and professional, embrace the cold beauty of Times News Roman on a basic background. Sorry, you need to login or sign up in order to vote. The Accounting, Finance & Technology category consists of Accenture, Booz Allen, Deloitte, KPMG, EY, PwC, and Wavestone. The company employs roughly 2,400 consultants worldwide and generates roughly $670M in revenues annually. The firm offers unique programs to its top performers, such as the Strategy Lab and BCG Fellows program. That was down from 7.4% from the year before. For the why questions, your answer must be unique, specific, authentic and appropriate. Everyone here is talking about MBB like its easy to get. I've been told for McKinsey, London and San Francisco are some of the hardest offices to get into. EYP v Cornerstone (Summer 2023 UG Internship). Here, weve first organized this list around types of consulting firms, and then alphabetically within each category. i'm asking for my nephew, who just graduated college from a generic business mgmt undergrad, but has no practical corporate experience. Dallas, Texas. Then, you'll schedule your first meetings with headhunters, and you'll need a very specific idea of the PE firms you'll pursue (industry, geography, deal type, and size). NO. Vitae quaerat et modi ullam molestiae omnis deserunt. The company can also attribute the job with the lowest turnover rate in the firm peaking in the position of consulting systems engineer. Harvard Law School saw the greatest percent decline in its acceptance rate, dropping from 13% to 6.9%, for a 46.9% decline. WSO depends on everyone being able to pitch in when they know something. All of these are important considerations as you narrow down your personal list of target firms. A young buck in the consulting space (founded in 2007), the firm has quickly gained a reputation as one of top boutiques in any sector. McKinsey & Co., a management consulting firm that advises many of the world's largest companies, was the toughest interviewer for the third year in a row, according to Glassdoor. Guidehouse is headquartered in Washington, DC and is a specialized, global professional services firm. Those firms have amazing placement into b-schools (anecdotally on par with MBB ). Strategy& is a strategy consulting firm previously known as Booz & Company, which was acquired by PwC in 2014. Well, tbh, I don't care too much about PE. Deloittes consulting services are divided into five practice areas: Core Business Operations, Customer & Marketing, Enterprise Technology & Performance, Human Capital, and Strategy & Analytics. Which school did you attend and how did you get in? also, is it just that these firms place well (if they even do) to b schools because the people admitted into the analyst classes typically have good academic profiles? If youre looking for more firms specializing in HR consulting, check out Willis Towers Watson. (, McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School, Harvard Business School, McKinsey & Company, Accenture. Sorry dude, a bunch of people on this board who got MBB offers from non-targets (including yours truly) would beg to differ. It only means you have more opportunities, but to be a consultant at MBB or Big 4 firms, you still need to work hard AND smart. A lot of applicants think case interviews will be the hardest part of their consulting applications. People don't know this now but Booz actually used to be the premier consulting firm in the 70s and 80s with McKinsey and BCG being distant seconds and Bain in the middle of the pack. McKinseys recruiting process is one of the most competitive in the world. Yeah, ADL and ATK used to be much, much bigger players. See you on the other side! So if you were to name 5 firms outside of MBB, who would be the best for industry placement? To make the most out of these expensive interviews, consulting firms highly favor candidates with positive reviews from inside the firm or the alumni network hence the importance of networking in the initial rounds. Step Two: The Application. If youre a numbers geek and econ whiz, Analysis Group offers you the chance to conduct economic analysis within an advisory function. At least in the US, there appears to be a general consensus that New York, San Francisco, and Chicago are the three most competitive offices to land offers from. Bain & Company 6. (, Espresso Whatelse is an Italian company that produces coffee and espresso machines since 1908. Refine your style practice telling those stories until you see people listening to you attentively; the point is to create a charming, unique and natural style for yourself good storytellers always have their styles. Then, we offer details on: The most prestigious consulting firms on the planet. The firm generates roughly $8B in revenue on an annual basis. Join 60,000+ on the #1 consulting prep channel! The MC arms may be slightly easier but not a walk in the park like you suggest. Then there are big 4 consulting firms, AT, Capgemini, etc. Expedita laborum et reprehenderit nulla optio minima. AlixPartners, Alvarez and Marsal, and Insight Sourcing Group fall into this category. We also have a General Management and Strategy consulting category for top consulting firms. 13 pages of useful tips, Detailed information on test structure, question types & core skills. Ernst & Youngs advisory business is known for services similar to those provided by other consulting firms. Your chances are slim and none - and slim pretty much left the building. Consulting work is extremely hard, and most beginners find the learning curve way too high; but heres the catch you have the top prestige, learning opportunities, and salary in the market! These firms tend to have organizational histories in accounting, but technology consulting also plays a huge role in their service offerings. Worked at 2 firms, one at each end of that spectrum and there is no gap at all. The firm utilizes a local staffing model, meaning that projects are as near each local office as possible. Struck out in MBB/B4 internship recruiting. Best Consulting Firms for Undergrad Salary, Training & Recruiting Support for Companies, All access pass: 500+ cases, 10K+ math/structure drills, 9 video courses, 12 chatbot cases, 2 Rounds of Edits each on 1 Resume and 1 Cover Letter, High turnover for great exit opportunities, Some have experienced a consistent need to reprioritize their work, Good opportunities to learn about technology, Rapidly growing up-and-comer with competitive comp, European firm culture (generally better work/life balance than U.S.-based firms), Great professional development opportunities, Demanding clients often lead to late nights, Front-line work with great client and partner exposure, Turnaround Management and Performance Improvement youre on the front lines, Open door policy with leadership; great work/life balance for consulting, Prestige factor in the life sciences space, Work life balance is hit and miss, but gets better as you become more senior, Exposure to private and public sector clients. 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Btw, for McKinsey the hardest offices to get in (within the ocidental world!!) Atque fugiat doloribus explicabo sit esse voluptatem id. Many consulting firms have a 2-year ban on failing candidates, so try to maximize your chances beforehand. i was making decisions in this tier and found monitor to be the best, but can't deny booz their ridic ability to outplace into industry. The firm employs almost 7,000 consultants across almost 40 countries and generates close to $1B in annual consulting revenue. While the top five firms remained largely unchanged compared to last year, Booz Allen Hamilton made a massive leap, jumping 15 spots into sixth place this year. Roland Berger operates as a generalist strategy consultancy and advises clients on management issues ranging from strategy development to performance improvement. You can throw in some other features such as business background, technical knowledge, creativity (and in the cover letter, your personality) as spices, but make sure to perfect three main dishes. Update your consulting resume and cover letter. The top firms in this category are: EY-Parthenon, Strategy&, Kearney, LEK, Oliver Wyman, and Roland Berger. Popular locations receive more applications and thus theoretically are more difficult to secure an offer (e.g., London, New York, San Francisco, Singapore). The company serves clients that market many of the worlds best-known biopharmaceuticals and who are leveraging the genomics and big data revolutions month by month with new breakthrough therapies and higher quality patient care. Headquarters: Boston, MA. 5.0 (11 Reviews) SITSL is a global CMMI Level 3 . EY-Parthenon focuses on strategy consulting and currently employs over 6,500 professionals worldwide. 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