Alvarez & Marsal Hey everyone, I have a Turnaround and Restructuring Consultant interview coming up soon at Alixpartners. It’s the second round of interviews with a Director and Managing Director. Any tips/help would be greatly appreciated. Thanks EY PwC AlixPartners FTI Consulting Deloitte Alvarez & Marsal
McKinsey & Company Any advice to help prepare for data science analyst role at top consulting firms (McKinsey & Company EY Boston Consulting Group etc)? Any materials, open source platform recommended to take on freelance data science project? When should I start actively looking and applying? I am a new grad who is working in tech as a marketing analyst I’m looking to pivot to marketing& sales data science consulting next year. Would like someone with similar backgrounds offer some practical tips.
I have 5 years of experience in 3D design & operations. I accepted the offer of 10L from Accenture to come on notice period (90 days). Now John Deere is offering 11.5L based upon Accenture office. Having global economic slowdown in consideration shall I take this offer? Accenture John Deere
Rising Star
Gonna be so sad to leave glamorous Fargo tomorrow
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I would really avoid AG. Had a few friends that worked there and the lifestyle was horrendous. Regular weekend work.
Try Analysis Group. They pay more.
Rising Star
Depends what kind of econ consulting. The names you mentioned are all legit shops but the work is highly statistical, litigation-driven and focused on competition/anti-trust, disputes settlement etc.
The often overlooked area - which might pay less but is more interesting! - is policy economics e.g. economic development, labor, valuation and strategy of externalities. Management consulting firms have these capabilities, to varying degrees of sophistication.
If your wife is interested in the latter, then DM me!
D1 - Wouls you mind sharing where you work ? The latter is a field I’m looking to break into and would love to understand the qualifications required.
Charles River Associates
I was a math econ major in undergrad and was the scrub on a couple of my econ professors’ research. I’ve never used Stata outside of an academic setting. For my MS, I had 1 class that used Stata, rest either Python or R.
I’d say if your spouse could pick up SAS and get a SAS Programmer certification, she’ll be more marketable.
Also, I’m not familiar with econ consulting firms that pay well. She could look at think tanks though. For example, RAND is a good stepping stone to higher impact Fed jobs, then segway into the private sector.
Same! STATA and GRETL limited use outside of academia. Look at R/SAS/Python
I used to do Stata. If she wants to do statistical/research programming of any kind at this point, she should learn Python (or R, if there's a specific subfield/employer she's targeting that uses R.) She will have many more and higher paid options.
She might want to check out The Brattle Group, as well -- slightly smaller but more nimble/less bureaucratic.
I worked in one of the three firms you mentioned above for five years before Business School. I think her profile can be a great fit depending on the type of research and institute that she is working with.
Regarding the statistical analysis software, Stata is for sure more academic-focus, but we still used a LOT of Stata for two reasons: 1) a lot of opposing experts on the other side of the engagement may not have the budget to hire an army of analysts to do the work, so they (the expert + some research assistants) have to do the work themselves and as a result, they will use Stata. So when you review/build upon their work product, you will have to know Stata. 2) Stata is still the best in some quirky and niche regressions. So even though I hate it so much, Stata is not going anywhere soon. Also, Econ Consulting does not really use Python for statistical analyses at all, yes, it has some packages that can be used for numerical analyses, but that is not what it is built for (R on the other hand, is created for statistical analysis, and is getting a lot of popularity).
More importantly, knowing Stata is a big plus, but I think her most valuable asset is her 2.5 years of research experience - e.g. how to break a problem down, how to navigate uncertainty, how to manage expectation, etc. Make sure that she highlights these attributes in her resume. Analytical programming is just a tool, to be a good analyst anywhere, you pretty much need to pick up whichever tools that are thrown at you (R, Stata, SAS, and SQL).
Feel free to send me messages if you would like to know more or would like to chat.
If she’s really interested in anti trust, should go to compass lexicon, they may be the best in that space. CR is definitely best all around, would definitely recommend
Chief
Charles River Associates
FTI consulting or compass lexecon may be other companies to look at as well, depending on her interests
I worked at NERA out of undergrad for a few years. Very good at what they do. I used stata a lot as an Analyst there. However, wouldn’t recommend without a PhD unless undergrad level. Very limited upward mobility without one.
Would be a good fit at CR for an analyst role but recruiting just ended. There might be other firms still recruiting. High-end econ consulting shops pay about the same as MBB.
Actually it’s higher pay than MBB
Happy to have a conversation to refer to FTI or ComLex