Verabrede dich zum Casen über das Meeting-Board, nimm an Diskussionen in unserem Consulting Q&A teil und finde gleichgesinnte Interview-Partner:innen, um dich auszutauschen und gemeinsam zu üben!
Zurück zur Übersicht

Joining consulting from the IFC

Hi all. 

I have been working at the International Finance Corporation (IFC) for 3 years, specialising in advisory for infrastructure and energy. My tasks were all encompassing. I oversaw deals in loans & equity and also did IT tasks like portfolio integration and advanced analytics using big data. My mandate over the 3 years was 2 years in DC and 1 in London, where I'm based now. However, my projects were all in emerging markets: middles east, eastern Europe, and Eurasia. I speak fluent Russian, Arabic, German, and English.

I want to join consulting - MBB preferably - but I'm concerned about these issues:

  1. The transfer-ability of my experience and skills: my experience is mostly a) banking and finance related, and b) exclusively focused on emerging markets within 2 industries. I am therefore extremely skilled at financial modelling, deals, coding and analytics, etc, but is all of this transferable to consulting?
  2. My grade: I have a good degree from a “top” university that has a solid MBB network. However, my grade for the Bachelor was 2nd class and for the master was Merit (68.3%, second best). I know MBB specifically have strict grade criteria, so this is also concerning me.
  3. Starting from scratch: I understand this is tethered to building solid consulting skills, but if I were to join consulting, would it be from the entry-level?

I would ideally like to remain in London as I have a work permit here, but open to relocate as well.

Please feel free to share your insight and tips. Thanks in advance!

4
1,8k
22
Schreibe die erste Antwort!
Bisher hat niemand auf diese Frage reagiert.
Beste Antwort
am 26. Juli 2023
#1 Rated McKinsey Coach | Top MBB Coach | Verifiable success rates

Hi there!

You have a very cool profile.

Let me take your questions one by one.

1. The transfer-ability of my experience and skills: my experience is mostly a) banking and finance related, and b) exclusively focused on emerging markets within 2 industries. I am therefore extremely skilled at financial modelling, deals, coding and analytics, etc, but is all of this transferable to consulting?

Yes, it's definitely transferable. Consulting recruitment emphasises soft skills more so than hard skills. The fact that you also have hard skills is a great plus. 

2. My grade: I have a good degree from a “top” university that has a solid MBB network. However, my grade for the Bachelor was 2nd class and for the master was Merit (68.3%, second best). I know MBB specifically have strict grade criteria, so this is also concerning me.

They don't have strict grade criteria. You're not even obliged to put your grades in your CV. What you need to do is make sure that you have a great CV and know how to write it. 

Also, you need a great application strategy that distributes your risk in the recruitment process. Here's how to develop one:

3. Starting from scratch: I understand this is tethered to building solid consulting skills, but if I were to join consulting, would it be from the entry-level?

No. It's hard to tell exactly without seeing your profile in detail, but based on your description, I would expect that you at least start as Junior Associate / Associate equivalent in McKinsey. 

Best of luck!
Cristian

am 26. Juli 2023
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer

Hi,

Sharing my perspective:

  1. The transfer-ability of my experience and skills: my experience is mostly a) banking and finance related, and b) exclusively focused on emerging markets within 2 industries. I am therefore extremely skilled at financial modelling, deals, coding and analytics, etc, but is all of this transferable to consulting?
    • Yes - these will be transferable to consulting
    • In terms of relevancy to project types: Several project types will require modelling, including some degree of financial modelling (though most likely not 3 statement) → this includes strategy projects, due diligences 
    • In terms of industry - you would have relevant knowledge/experience for Financial Institutions or Private Equity practice areas
    • Last but not least - your language abilities are a HUGE advantage. This gives you and edge and allows you to be staffed to regions/on projects that require that specific language
  2. My grade: I have a good degree from a “top” university that has a solid MBB network. However, my grade for the Bachelor was 2nd class and for the master was Merit (68.3%, second best). I know MBB specifically have strict grade criteria, so this is also concerning me.
    • The longer your work experience, the less important your grade becomes. This is because MBB will be looking to hire you based on either your 1) ability to demonstrate the relevant capabilities in the interview or 2) specific expertise you have built up
    • The reason that MBB looks at grades is because it is a proxy for whether a candidate has the intellectual horsepower to do the job. However if you can demonstrate intellectual excellence/problem solving skills through other means, your grades dont matter as much
  3. Starting from scratch: I understand this is tethered to building solid consulting skills, but if I were to join consulting, would it be from the entry-level?
    • With 3 years of work experience it is unlikely you will start as a pure entry-level. Most likely you will be offered a Senior Associate position (BCG terminology)

All the best!

Ian
Coach
am 28. Juli 2023
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

Hi there,

What a phenomenal background! You have a fascianting profile that I think would actually likely stand out quite nicely (paired with networking of course).

The transfer-ability of my experience and skills: my experience is mostly a) banking and finance related, and b) exclusively focused on emerging markets within 2 industries. I am therefore extremely skilled at financial modelling, deals, coding and analytics, etc, but is all of this transferable to consulting?

It's transferable! Your job is to make that pop on your resume. To make sure the right things are shown and the wrong things are hidden/de-emphasized. But, ultimately, from what I can see, you could have a great resume for consulting…if done right.

My grade: I have a good degree from a “top” university that has a solid MBB network. However, my grade for the Bachelor was 2nd class and for the master was Merit (68.3%, second best). I know MBB specifically have strict grade criteria, so this is also concerning me.

The further away you are from your graduation date, the less it matters. Networking is key as well to help support resume weakness.

Starting from scratch: I understand this is tethered to building solid consulting skills, but if I were to join consulting, would it be from the entry-level?

Maybe. You're borderline. Might be entry-level but halfway (like a JC), or you might be able to get in at consultant level. This will depend on solid networking, a well done resume, and, sometimes, your performance in the interview itself.

am 27. Juli 2023
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success: ➡ interviewoffers.com | Ex BCG | 10Y+ Coaching

Hi there,

1) I am therefore extremely skilled at financial modelling, deals, coding and analytics, etc, but is all of this transferable to consulting?

Yes, some of these could be useful in consulting, in particular for projects in the industries you have experience with.

2) I know MBB specifically have strict grade criteria, so this is also concerning me.

I would not worry about this as you can compensate low grades with a strong referral. You can find more on referrals here.

3) I understand this is tethered to building solid consulting skills, but if I were to join consulting, would it be from the entry-level?

Most likely with 3 years of experience they will recognize some seniority and have you join as a senior analyst (McKinsey)/ senior associate (BCG/Bain).

Good luck!

Francesco

Ähnliche Fragen
Consulting
JOB APPLICATION
am 19. Aug. 2024
Global
5
1,3k
73
5 Antworten
1,3k Aufrufe
Consulting
Any MBB offers after maths mistakes?
am 22. Aug. 2024
Global
6
2,0k
74
6 Antworten
2,0k Aufrufe
Consulting
What do they look in a candidate?
am 24. Aug. 2024
Global
5
2,5k
65
5 Antworten
2,5k Aufrufe
Consulting
How to increase confidence (on the job)?
am 2. Okt. 2024
Global
5
2,3k
50
5 Antworten
2,3k Aufrufe
Consulting
Best Time to Apply to MBB as an Experienced Hire
am 2. Okt. 2024
Global
4
2,8k
70
4 Antworten
2,8k Aufrufe
Mehr anzeigen