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Warm Cinnamon Rolls to start the day.
Additional Posts in Consulting Exit Opportunities
Coach
When is it best to leave consulting? Here's how I think about it.
First, are you enjoying it? If so, why leave (it can be a great life long career)?
Second, are you still learning fast? If not, you're missing out.
Last, what skills do most employers value? In my experience, this dictates 2 optimal jumping off points:
(a) 2-3 years in. Consulting "tool kit" is solid
(b) ~1-2 year into Manager. Employers value experience managing people.
See: www.linkedin.com/in/richrosser/
Community Builder
Best roles to exit to after getting a t15 mba?
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Coach
Have worked directly with C-Suite multiple times since I’ve joined ACN Strat. Agree MBB is > but please don’t act like you’re the only one that gets that experience
Yeah not sure why this thread has moved into a comparison around CEO exposure at B4 vs. MBB, when the question is about lateraling w/ no MBA.
The reality is that Partners own the CEO relationship and a PL might present in a meeting where the CEO is there. And not every case involves even the partners talking to the CEO.
Point being ‘ability to interact with the CEO’ is not top of list of what people look for in a new PL.
I have lateraled into BCG at the PL level, I had an MBA but not sure that mattered. What mattered was the experience base I had since I was being hired into a specific practice area.
BCG doesn’t really look to hire external generalist PLs who can’t be presented to clients as having relevant expertise off the bat. The MBA thing I don’t think is that important.
PLs are rarely hired in laterally. Customer at MBB is CEOs. Big 4 is a very different league.
Coach
Again, you’re not coming in at PL level. They are not “your clients” unless you’re bringing them over as part of your book of work. You would come in as an entry level consultant. Maybe a C2
Most of my clients are CEOs (if not they are BU heads within a conglomerate)....granted im on S& side but still Big4...
There’s still a difference in how CEOs and the c-suite perceive MBB vs Big 4. It wouldn’t make sense for the Goldman Sachs CEO to hire BCG (or even OW) for a large, important tech implementation given the cost to hire them and the availability of tech expertise at a much more affordable price from Accenture. At OW (and I’m sure similarly at MBB - or at least the one I worked at), part of the strategy we build for customers sometimes includes a recommendation to hire a lower cost but quality implementation consulting team. In my experience, which is of course not universal, this is where the C-suite may typically interact with a B4 firm, but for big changes in strategy or direction, they tend to hire firms who do more strategy work.
And before anyone says “I work at _____ B4 firm and we did a massive strategy overhaul for ______”, again, I’m not saying this doesn’t happen, but I would bet it’s far less common, especially for F500 companies.
Working at ACN Strat and current project was bought by 2 CEO-1s. Company is F20.
Project prior to this OB was lead by big pharmaceutical CPO.
Mentor
OW 1 I am asking because I have seen people move at one level below PL, from PwC.
You’re right, that wasn’t a helpful response - more just responding to the commentary above. I apologize!
BCG2 is correct.
I’d also add that when you come over they might have you do 1-2 projects at a consultant level so you understand how BCG works. I’ve seen that happen but don’t know if it’s required or not
Mentor
You’ll likely come in one level below where you now are. That sometimes even happens from another MBB. If you do come in above a consultant level, you’ll need to do one or two cases acting in each level from C up to the one you’re coming in it, though you’ll be paid at the level you came in at. Be careful of promises of tenure credit. It can make it hard for reviewers to have enough data points to promote you rather than fire you in the up-or-out system and I’ve seen several instances of promotion timing “promises” not remotely kept
I was interviewed for Principal level at BCG. I did not get it, but that had to do with my performance. You can come in at higher levels as an experienced hire. During my interviews, the partners did mention that when you come in they have you serve in C/PL roles on your first few projects as an experienced hire to understand the BCG approach.
Mentor
SM what’s your sector?