Is MBB and management consulting losing its value among young people as employer? Since i noticed majority of young people currently want to work for FAANG, startups, crypto, Unicorns, want to open their own things, etc. I guess in 2000s and 2010s consulting was a top choice for graduates. But what about now? Would love to listen to your thoughts and observations on that one

like
Posting as :
works at
You are currently posting as works at

Yes and no. The real losers in the talent war vs FAANG are the traditional destinations for engineers and scientists - industrial manufacturers, pharma/biotech, aerospace, infrastructure engineering, etc.

like

I would imagine IB has been a loser too. Definitely lost share among top UG talent in the past fifteen years

I actually think more people, especially UGs, are interested in consulting compared to a decade ago. Very few people at my Alma mater even knew of consulting as a career then and now it’s a common first job. I do think less people view consulting as a lifetime career or even 5+ year career though because of WLB and the fact Tech offers equivalent/higher pay, better WLB, and the potential for a huge cash windfall with RSUs

like

I don’t think so, I think MBBs and consulting in general is coming under fire for WLB and culture issues more recently - but for undergrads, they still recognize the value of being in a structured environment for the first few years of their careers to learn skills like collaborate in a large org, building up their internal brand, and how to have well thought out opinions (and communicate said opinions external to clients). That said, they won’t hesitate to leave the moment that all the other factors make it not worth being there.

Yes but entry level pay has increased significantly over the past few years to account for that

Most MBA programs publish job reports showing what fields their grads went into. That could be a good place for you to start

Related Posts

how much harder is banking then valuation?

likefunny

Anybody gone from Accenture to Oracle Consulting Services (OCS)? Wondering what the real differences are in delivery, expectations, career, etc.

like

What would you all say are the best consulting firms to work at in the federal government space? I’m not sure how many “prestigious” firms (like MBB) have a significant federal practice at all.

likefunny

Which certification will look better on a CV, a CSPO or a SAFe Product Owner/Product Manager?

like

I just got into reading books, any suggestions to start with? Which could help to increase media/marketing knowledge.

like

I am a mechanical engineer and people think that because I am a "mechanical" engineer like I fix cars. It is part of the career, but it is not the same thing. It happens to others that people confuse your profession, or it's only to me?

like

How recession-proof are in house roles in finance (e.g., hedge funds, PE firms, etc.), especially when newly lateraling from Big Law?

like

About me: Clinical engineering degree 4 years of bioprocess engineering working with stem cells on bleeding edge research and development. Launching products, patents, collaborations etc. $75k/ year. Health and dental. No profit sharing. No equity.

Is anyone on here in life sciences / biotechnology industry with insight on which direction to pursue within this space for a large salary. Can anyone give insight on the potentials of a career in this space financially?

Thank you for your help

likeuplifting

What are some of the must read books in Management Consulting?

likefunny

Why every employee in Morgan Stanley wants to leave the organization after 1-2 years who had joined recently. Please reply seriously guys I am planning to join this company as my next.

I want an advice on which field would be good on both future and salary. CYBER SECURITY ENGINEER OR SOC ANALYST? any advice will be appreciated.

like

What stage in your career did you first feel like “wow, I’m doing well”? Was it a title, a salary, award? Spill the tea :)

like

currently in tax, thinking about trying to switch to advisory. anyone done this and have any advice? would i get a pay cut and/or lose my senior associate title?

like

Coming up on 1 year of CDD experience at a T2 and thinking about exit ops to early stage VC / start-ups. How valuable is CDD experience in exiting this early?

like

CAIA vs CFA?

like

What is the learning curve/different expectations for an attorney versus a CPA in a first year associate role? I just started, but a bit confused on how I can best contribute my legal skills and anxious about not being an expert on accounting principles.

like

Been in a job for 6 months and seeing that it’s dead end. Start looking now, or wait until I hit one year? I have one 10-month agency gig on my resume, but have been at my other jobs 2-3 years.

like

take job with long commute or stay at b4?

like

Just accepted a job at big 4, I have 1 YOE experience as a data scientist, plan is to stay for 2 years then go to MBB or masters…thoughts?

likesmart

Hello! How can I break into the creative branding industry with 3 years of basic marketing knowledge, a self made website, and an extensive sales background in the CPG industry

More Posts

I’m working on my PhD while working full time ... any tips?

like

Welcome to a community dedicated to supporting those who deal with or wish to learn more about micro-aggressions. Did you know that 72% of folks are bullied by their managers? 36% of folks end up quitting their job because of bullying.

like

Anyone got a six figure base as an AE? Hunting around for companies with 6-fig base and similar commission. Seems to be mostly field / enterprise pay.

like

Hi everyone! In this field, when choosing a masters degree program is it more beneficial to get a degree in Human Resources to further my knowledge in HR (my undergraduate degree is in Economics) , an MBA, or Data Science Degree due to the fact that HR is becoming more data driven as well as get a PHR / SHRM-CP certification?

like

Is this bowl still active? 😂

Anyone hiring for entry level risk compliance roles?

like

Hi fishes, I am looking for an opportunity in Siebel admin/ Siebel upgrade. Currently working as a Sr Analyst. Any leads would be helpful.
Yoe: 5 yrs

Amazon Web Services Can someone refer me for operations manager position in Amazon Web Services Amazon ?

like

Need 25 likes to unlock DM.

Just kidding !

Just 12.

likefunnyuplifting

27 F, Indian, Sunni Muslim, In USA from last 6 years. Works at Deloitte.

Open minded, eat halal, non-smoker, non- hijabi. Love to travel. Pray, Fast and give Zakah on regularly.

Willing to relocate anywhere in USA.

like

Hey Dallas folks,
So my last month's electricity bill almost doubled? Wondering if this was something anyone else experienced as well (maybe due to those snow days?)

likefunny

Engineering influencers to follow?

like

Mirzapur 2 - anyone else watching it ? Loving it ! The dialogues are amazing

like

Wanted to discuss counter offer with Cognizant. Sent them mail, messages, calls no response. What to do? Just join them with offered package?
CTS is paying most i just wanted to do some negotiation for joining bonus etc.

likeuplifting

Considering obtaining a CFE certification. Can anyone share their experience vs experience obtaining CPA? I’m already a CPA. I just want a comparison of study time requirement and difficulty of exam.

like

Any recommendations on when I should follow up with a recruiter? Interviewed last Tuesday, sent a thank you note Wednesday. She said she’d get back to me “Friday, or early next week”

likehelpful

This bowl is dead but are any of you in NYC? New to town and looking to meet people with similar interests!

What did you as a data analyst make 3 years out of college?

like

I would like to upgrade my facets in terms of digitalisation.
Which area of IT is most in demand right now?

like

Additional Posts in Consulting

Serious question: Sheraton cancelled my reservation and I was stranded for a night last night. Called CS and my useless ambassador and they cant help and “sorry”. How do I escalate this?

like

Looking to improve general communication skills (especially around structuring narrative/ key messages), any books/courses that you would recommend?

like

How does your firm measure utilization? I work for a small boutique that defines it as utilization = number of billable hours/2,080 and full bonus payout occurs at 80% plus.

like

Where in the US should I go for my bday? I have 4 days.

like

How many cohorts are there for SA at pwc? What's the difference in pay between cohorts?

Has anyone moved states and changed their home office / region? (Personal choice not project driven)....If so, what's the process? What approvals are needed?

like

After getting kicked out of McK late last year, this gives me schadenfreude 🤣

Post Photo
likefunny

Anyone from BCG able to provide insights on the firm’s presence in the DC area for public sector consulting? Is this practice currently hiring?

like

Best consulting firms (including boutiques) if you want to do product design/development

like

What are some of the best practices you have followed this year to improve the remote working enviornment and collaborating effectively? Sometimes I really have to fight the urge to micromanage and avoid setting up more meetings with my team

Does EY reimburse for internal travel? Eg team meetings ? About to join EY and may have to travel in the first month. Also, is driving an approved mode of transport and get mileage reimbursement ?

like

What are some of the must read books in Management Consulting?

likefunny

This is the second Four Points I've stayed in that has "Never Gonna Give You Up" on the lobby music playlist #rickrolledagain

like

Top consulting firms in the aviation / urban air mobility space?

like

Any recommendations for a work desk?
Not looking for something too big or pricey. Easy assembly / disassembly is a plus.
I see foldable desks going for $100. Any foldable standing desks out there?

like

what is the lowest GPA someone has seen or applied with and still got an interview/offer within consulting out of college?

like

What is the tuition reimbursement benefit like at your company? I’m in Accenture Operation and there’s no such benefits. (Only strategy and CDO have it). Is it typical?

like

Any audio book recommendations to listen to when backpacking / vacationing?

like

what does the bonus range look like for a new band 4 at bank of america?

like

Hey some help FB: had to move rooms at a Westin bc the tv was so broken they couldn't figure out how to fix it -- they were nice but is there a way I can at least get points for that and how?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal