Hey everyone, any strategy consultants out there have some advice? Graduated last year and have been working in the financial service space as a Corporate Actions business operations analyst in the Global Securities Marketplace and have been interested in pivoting toward a Strat Consulting role elsewhere. What’s it like? Any certifications necessary? Core skills (hard+soft) necessary to succeed? Firms to shoot for/stay away from? Anything else insightful about the role and work itself?

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Agree with most of above. Since you're early in your career, company reputation will probably help you a lot down the line. In that case, the firms mentioned above are right. McKinsey, Bain, BCG are most prestigious. Tier 2 probably includes (for most people) Kearney, Oliver Wyman, Alvarez and Marsal, LEK, Booz Allen Hamilton, etc. Accenture and Big 4 are in a category of their own and are generally well respected, but just know that Accenture Strategy, Parthenon (at EY), and Strategy& (at PwC) are more highly thought of and probably do more interesting work than other consulting practices at the respective firm.

Now, all of that being said, these are not necessarily the best places to work even though they are very competitive. There are lots of small boutique firms that will give you a lot of exposure and experience that you might not get right away at a bigger firm.

You should also be wary of jobs that sell themselves as "strategy" roles and are probably not really. There are strategic elements to all consulting, and I don't think there is any such thing as "pure strategy" consulting, but there are some roles that strain credulity as strategy roles. I would avoid any IT consulting firm (Cognizant, Tata, Infosys, Capgemini, and others) as they do very little strategic work.

You should familiarize yourself with case interviewing, and already be expert level or very close with Excel and PPT at a minimum. Other data analysis skills as mentioned above are valuable, as is financial modeling, valuation, etc.

Soft skills include organization, excellent listening and attention to detail, general professionalism, ability to present well, ability to interact with senior partners and clients, ability to structure plans and develop frameworks, ability to interview clients and ask the right questions, humility, likeability, adaptability, general curiosity about business and finance, and ability to work long hours and grind somewhat regularly.

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I pivoted from BofA to BCG. Can be of help in providing advice. Shoot me a DM!

I think the above advice is pretty good, but Excel proficiency is definitely not necessary and is not tested when applying to MBB. Wide-ranging curiosity in business (study the 9 industry classifications within the S&P500) and structured thinking (MECE) is much more important.

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It’s alright, no certifications necessary (although a shiny diploma from a target school helps). Core skills are mostly soft but if you have decent data analysis skills (proficient in Python, R, and SQL) I feel like that’s definitely a plus these days. Shoot for MBB if you can get it, tier 2/ strategy arms of Big 4 + ACN otherwise, anything else probably isn’t worth taking.

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Both of these answers were extremely insightful I appreciate the thought in your responses and will definitely use that in my navigation - I think have most of that down except expert level excel skills. Will be working on that going forward

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