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Bowl Leader
31 F based in Chicago. Does anyone want to talk?
Accenture - interviewing for Asset Management - Consultant. Coming from industry, made it onto ‘Skills Interview’ website makes it out to be an in-depth resume review. Any additional info on the process. Also, any tips moving forward in interview process, especially given industry - consulting transition. Thanks!
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Can we cut down on this WWIII hype already?
Hey my Kewl Ppl Making Guesses (KPMG)
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If you don’t mind being in an uncomfortable position but fyi, the upper levels at LEK have limited patience for people that lack experience in something that don’t get it super quickly and a bad (and good) reputation spreads quickly there.
Chief
KPMG - yes
Rising Star
Going to go against the grain and say yes, if you are ambitious and career oriented. Working at LEK would suck, but I’ve seen LEK people get pretty amazing exit ops that are simply not available to big 4. So might be painful in the short term but will set you up much better in the long term
The timing and circumstances of your exit matter. If you’re suddenly fired when you didn’t expect and are now forced to find a job ideally within 3 months you can’t be picky and could easily end up with a suboptimal exit.
Go to therapy and figure out why you hate yourself before accepting an offer like that. (Just my 2 cents, no one that loves themselves would entertain an offer like that)
Chief
I have never gotten any indication that LEK is a place to go for their nurturing learning environment.
Chief
Or bonuses
Jokes and work life balance aside, LEK is a very respected (by recruiters, not so much ppl in this bowl) T2 firm that will provide exits that a B4 simply cannot (I used to work at Deloitte).
The grass is always browner
I have an offer already
Firstly, thank you so much for all of your insightful inputs!
I guess I’ll stay where I am at a B4, and potentially apply to an MBB in the future.
I would love to give it a try, but my understanding from all of your comments is that the grass is definitely greener on the other side.
I think back yourself. If you want to do CDD and strategy, and feel like you’re good at it. you may as well put yourself through a challenge like LEK at the early stage of your career and see what it’s all about. The rem is decent from what I hear (I don’t work there but have friends in uk and us that do)
Ultimately, a lot of people do end up staying and have great careers. On the flip side some exit and do the same or exit and fail. Happens in every firm and other professions.
Does not make sense irrespective of your career aspirations. If you want to eventually land a role in industry, B4 is better recognised. The odds a FAANG recruiter or HM will know LEK is extremely low if not 0. If you want to stay in consulting, LEK isn’t a place for long-term career either. You are better off going to MBB even if it takes longer to get there.
For context, I’ve done 2 CDDs in the past where I handled the model. However, I understand this is nowhere near enough.
I’ve observed the negative reviews on FB, but I feel the shorter and DD-focused projects would be more nurturing, given the problem-solving required. I am of course prepared for the long hours.
Probably not going to change your mind with an FB comment but would challenge the “more nurturing” part…DDs on balance probably more interesting than transformation, but the approach to problem solving is super formulaic (brute force to eliminate things to get to a singular answer), so you get speed across the toolkit but don’t unlock a robust way to approach and solve problems
Working hours will suck, if you’re at a dead end and want to transition to a PE skillset then it could be a good opp. Expect it to be all consuming and impact your mental health
Yes. 100%
Bud, try to lateral at Bain if you want to do DDs. Better culture, better pay, better brand, better exit ops. And if you feel enough is enough at some point, their service lines are more diversified than LEK.
If consulting is what you want for your career switching firms can slow down the progression to partner. Make partner and go be a direct admit somewhere else if you get a great offer. If you want to go to MBB, get an MBA and go recruit.
For trying to maximize exit opportunities:
Corporate: get to manager and then leave consulting as fast as you can. The sooner you start building a resume with real experience the sooner you’ll get a P&L. The LEK offer could make a difference, but probably not as much as you think.
Buy-side: you need to take the LEK gig. KPMG will not get as many (if any) or the same quality of looks as LEK. PE is all about prestige and pedigree.
Thank you very much for your advice
Why do you want to learn due diligence work
Chief
DD sounds fun once or twice. If you start doing it all the time, it’s no longer fun.
It sounds fun to learn how to cook and to make a great dinner at home. You go on the line at a Waffle House or a TGIFriday’s and it’s a completely different outlook.
Rising Star
What’s your medium term career aspirations?
While CDDs do teach you ruthless prioritization and robust issue analysis (although given LEK hours I second guess that) it’s not a highly transferable skill whatsoever (and I work primarily with PE clients doing CDDs.
Rising Star
Of course a bainee is saying CDD is the alpha and omega of work 😂
Buddy you barely touch the surface of any of the topics you’re mentioning in a CDD stop kidding yourself.
Do an actual GTM or SFE engagement and maybe we can discuss.
OP if you want to become a PE partner in consulting go for it - otherwise I’d recommend you to build an industry expertise (consumer goods, FIG etc) instead. At the end of the day it’s less about the skillset and more about clients you have in your network - the more CDDs you do the more PE clients you’ll meet.