Comments on: Management Consulting versus Investment Banking http://managementconsulted.com/consulting-jobs/question-of-the-day-management-consulting-versus-investment-banking/ Consulting resumes, interviews, jobs, and case studies Sun, 13 May 2012 10:40:59 +0000 hourly 1 By: jennyrae http://managementconsulted.com/consulting-jobs/question-of-the-day-management-consulting-versus-investment-banking/comment-page-1/#comment-24980 jennyrae Wed, 25 Apr 2012 23:47:45 +0000 http://managementconsulted.com/?p=212#comment-24980 Hi there - you're right about the clients. In fact, you can tell a TON about consulting from the clients someone works for (firm size, and the position of the sponsor inside the firm). You're likely going to be managing portfolios, not company strategy, so the roles are incredibly different. What you're looking at will be more sales oriented from day 1 and less strategic. It's not bad for building experience as a sophomore, and it's for a brand-name firm, but you'd want to use it to understand the way the bank works as much as you would to get experience. Hi there – you’re right about the clients. In fact, you can tell a TON about consulting from the clients someone works for (firm size, and the position of the sponsor inside the firm). You’re likely going to be managing portfolios, not company strategy, so the roles are incredibly different. What you’re looking at will be more sales oriented from day 1 and less strategic. It’s not bad for building experience as a sophomore, and it’s for a brand-name firm, but you’d want to use it to understand the way the bank works as much as you would to get experience.

]]> By: jennyrae http://managementconsulted.com/consulting-jobs/question-of-the-day-management-consulting-versus-investment-banking/comment-page-1/#comment-24962 jennyrae Wed, 25 Apr 2012 22:15:59 +0000 http://managementconsulted.com/?p=212#comment-24962 Andrew - you're going to have to specify whether you're talking about a certain level or a career - and if you're post- or pre-MBA. Out of what you mentioned, management consulting is by far the most robust in terms of exit opportunities (you have lots of different options), whereas the other 3 give you industry-specific opportunities but you're really just becoming more and more qualified to be a lawyer (not manager), actuary (not manager) or accountant (not manager). Hope that helps...email us if you want to continue the discussion. Andrew – you’re going to have to specify whether you’re talking about a certain level or a career – and if you’re post- or pre-MBA. Out of what you mentioned, management consulting is by far the most robust in terms of exit opportunities (you have lots of different options), whereas the other 3 give you industry-specific opportunities but you’re really just becoming more and more qualified to be a lawyer (not manager), actuary (not manager) or accountant (not manager). Hope that helps…email us if you want to continue the discussion.

]]> By: Jpouton http://managementconsulted.com/consulting-jobs/question-of-the-day-management-consulting-versus-investment-banking/comment-page-1/#comment-24909 Jpouton Mon, 05 Mar 2012 18:09:00 +0000 http://managementconsulted.com/?p=212#comment-24909 "Most people who left McK would become CEOs of fortune 500s, and others would start their own PE fund."   McKinsey currently has a staff of 12,000 consultants according to their website, assuming a conservative staff turnover of 10% per annum, and conservatively assuming that most=50%; that would mean per year that McKinsey would produce 600 CEOs for Fortune 500 companies (the clue being in the name that this is not possible). Even if we take number of worldwide partners (6000) or MDs (900) this produces 300 and 45 CEOs of Fortune 500 companies PER YEAR   In essence: This is complete crap “Most people who left McK would become CEOs of fortune 500s, and others would start their own PE fund.”
 
McKinsey currently has a staff of 12,000 consultants according to their website, assuming a conservative staff turnover of 10% per annum, and conservatively assuming that most=50%; that would mean per year that McKinsey would produce 600 CEOs for Fortune 500 companies (the clue being in the name that this is not possible). Even if we take number of worldwide partners (6000) or MDs (900) this produces 300 and 45 CEOs of Fortune 500 companies PER YEAR
 
In essence: This is complete crap

]]> By: Andrew http://managementconsulted.com/consulting-jobs/question-of-the-day-management-consulting-versus-investment-banking/comment-page-1/#comment-24904 Andrew Sun, 26 Feb 2012 21:28:00 +0000 http://managementconsulted.com/?p=212#comment-24904 please can someone tell me what's better for salary, exit opp, hours. law, actuary, accountancy or management consultancy? i would probably like to end up as a manager for a big company what does everyone recommend? thanks! please can someone tell me what’s better for salary, exit opp, hours.

law, actuary, accountancy or management consultancy?

i would probably like to end up as a manager for a big company what does everyone recommend?

thanks!

]]> By: 6 basic things you MUST know if you’re interested in consulting | Tufts Economics Society http://managementconsulted.com/consulting-jobs/question-of-the-day-management-consulting-versus-investment-banking/comment-page-1/#comment-24861 6 basic things you MUST know if you’re interested in consulting | Tufts Economics Society Thu, 02 Feb 2012 03:56:33 +0000 http://managementconsulted.com/?p=212#comment-24861 [...] mean that they’re the same. The differences are too many to discuss here, but check out here and here for interesting blog posts that will help you start to understand the [...] [...] mean that they’re the same. The differences are too many to discuss here, but check out here and here for interesting blog posts that will help you start to understand the [...]

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