Please find me responses below the quoted texts.
Hi,
I am interested in Consulting jobs.. however, there is no company that comes in to our campus for Summer Placements with Consulting or related profile.
Can someone help me with this...
Which company/ companies do I apply for Summer Internship ?
Should I take help of my college or do it on my own?
If on my own, will companies entertain my resume?
And what are the things I need to keep in mind while applying this way?
P.S. I have 2 yrs prior experience, however, not into Consulting.
Srakshaa - Go ahead with an independant job search rather than staying dependant on your school. The fact that they don't hire from your school suggests that (a) your school does not have much traction with these firms and (b) your school may not be elite-enough for the firms to leverage their resources to come to your school and run a costly campus-hire campaign for getting the best 1-2 students.
My take - Honestly, I feel it will be very diffficult for your to break into M/B/B/ATK/ACN. However, at shot at the consulting arms of big 4 firms could be a realistic aspiration.
Dear Monil,
Now if you don mind , can u giv me ur opinion on whether I shud go fr GRE/GMAT next year - I'm not that into doin MBA from foreign - but just in case I don get in Indian top b-schools I wish to understand abt pursuing from good Foreign univs for MBA ( parents have retired and so wish nt to be a burden fr them at their later stage rather than being helpful to them).
Also if you are into consulting domain- can you suggest about career options for me from my present position ?? Thing is all my colleagues are with MBA / Experienced in the Metals field fr 4 years atleast - Im the youngest and inexperienced person handling consultin assignments in my team or company ( Got a gud name fr my work though but obviously stil lots of experience to be gained ) , and Im not sure if I shud develop additionally any skillsets/courses to reach higher in my career - right now Im kinda not sure coz as a consultant - unlike IT / financial, I m not learning any tool - All I do is analyse published reports, interact with senior management people in the market Im tracking - either face to face / Primary telephonic interviews, get their inputs - analyse, Work around the numbers in Excel - Forecasting/analysis and make presentations in powerpoint- present to clients and address their concerns / queries. Will my profile be acceptable (> 1 yr exp in consulting without MBA) fr companies like PwC/Accenture/Capgemini where I hav seen some of my collegues shifted ?
Shan
Shan - GMAT/GRE/Foreign Univs - I suggest you do some research about top foreign schools by going through their websites and relevant threads on PG. GMAT is the most commonly accepted score. If you wish to stick to India after MBA then ISB/IIM PGPX programs are an obvious choice.
Movement to other consulting firms - With a non-MBA, moving to other firms with your experience may be possible, but I don't think you can expect large hikes or quick promotions. This is because your peer-group is better qualified. I would suggest you take another couple of years experience, develop strong industry knowledge and indurtry networks. Simultaneously works towards sealing an admit to a top school - IIMs/ISB because top firms M/C/C/ATK/ACN recruit only from these schools.
Hi Shan,
- Though you might not end up with a front end role in big consulting giants like M/B etc you can always find a way into their research centers like McKinsey KC, Bain Capability Center etc. Some specifics I would like to point out about these setups:
- McKC has established CoC (Center of Competence) which hires experienced candidates from industry ex 5+ years of experience in steel industry etc for roles which involve client interactions but less of problem solving. Given your experience in the sector, you can end up in such roles as well.
- Often, after a stint in research roles with these giants, many move into front end roles with players like Deloitte, E&Y; etc which again can be a good exit option for you.
Shan/Pradeep - I partly agree and partyl disagree with you. Moving from Research arms of M/B/B to front is nearly impossible at lower levels (maybe a rare 1-2% movement). Only if you are partner, maybe you have a say. But, i agree that research experience with M/B/B can lead you to front-end roles at Deloitte/Big 4.
CoC is a different concept - they seek industry specialists (as opposed to generalist MBAs from top schools) for their industry expertise. They largely support/work in engagements only from their core industry and experience across industries/sectors (which is common for top B-school MBAs) in not commonly seen.
Does experience(post MBA) with Deloitte/EY/PWC/KPMG help make an entry into firms like Mck,Bain,Booz... Whats the difference between the consulting work done by the advisory arms of the Big 4 audit firms and the McK/Bain/Booze/AtK,etc..,
TreznikZ - Movement from Deloitte/Big 4 to M/B/B is very rarely seen (read almost impossible). However, I know of a few people who have successfully moved from ATK/ACN to M/B/B.
I also agree with the point of Pradeep that these firms exist because of their elitist image. This is also why, only grads from top schools can dream about such a change. By now, you would have already deduced that a top school MBA is mandatory. So, if you aren't a B-schooler yet, aim for the best schools!
Difference is work has been highlighted well by Pradeep. In summary, M/B/B do more strategy consulting and less operational consulting, ATK/ACN do less strategy and more operational consulting, Deloitte India does more research related work for their US front-end offices and Big 4 do any work that comes their way. However, M/B/B have realized that clients now appreciate more involvement in exection/operational phase too and are not happy with only receiveing strategy advice (ppts and excels). So, they are slowly building their operational consulting capabilities.
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