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Age 39 does it make sense to try MBB to accelerate my career?

MBB Product Managemet
Neue Antwort am 22. Juli 2023
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Anonym A fragte am 8. Juli 2023

Age:39 

Female

Current job title: Principal Product Manager in the silicon valley. This is an experienced Individual contributor role.

Compensation - total of $335K/year (salary+bonus+stock)

Education: MBA from a top 10 school. I was an older graduate and so switched into PM later in my career from engineering.

Career goal: I'd like to retire as the VP/SVP of a respected company

Growth in the industry seems slow. I'm looking for ways to grow fast.

 

1. Are there certain expert track that can get me to where I want to over the next 7 years?

2. I assume I'll need to start off as a Consultant/Associate vs a higher position?

3. Other ways to grow?

Thanks

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Agrim
Experte
Content Creator
bearbeitete eine Antwort am 13. Juli 2023
BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting
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Hagen
Experte
Content Creator
bearbeitete eine Antwort am 11. Juli 2023
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi Dia,

First of all, congratulations on the progress in your career thus far!

I would be happy to share my thoughts on your situation:

  • First of all, considering your career aspiration, MBB (McKinsey, Bain, BCG) could indeed offer an accelerated growth path. MBB firms highly value diverse experiences and the unique perspectives that come with them, so your background in product management and engineering could be a significant asset. However, entering at a Consultant/Associate level might be necessary due to the steep learning curve and unique nature of strategy consulting work. I would advise you to reach out directly to the recruiters at these firms to discuss potential roles that might align with your profile.
  • Moreover, regarding your question about expert tracks, MBB firms often have specific tracks for experienced professionals. For instance, McKinsey has the 'Expert Career Track' that could help you to leverage your existing expertise while working on consulting projects. These tracks can be a fast way to reach higher positions within the firm.
  • Lastly, aside from MBB, another path to consider could be leadership roles in smaller or boutique consulting firms. These firms might offer you a higher starting position and faster growth, especially if they have a focus on industries or topics where you have deep expertise.

You can find more on this topic here: Boutique consulting companies.

If you would like a more detailed discussion on how to best prepare for your upcoming career decisions, please don't hesitate to contact me directly.

Best,

Hagen

(editiert)

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Sophia
Experte
antwortete am 22. Juli 2023
Top-Ranked Coach on PrepLounge for 3 years| 6+ years of coaching

Hello,

To answer your questions:

1. Are there certain expert track that can get me to where I want to over the next 7 years?

Yes, I would say there exists paths for someone with your background to get to VP/SVP level in 7 years or so. I'm not sure if by expert track you mean a specialized knowledge practice (i.e., you consult mostly for clients in your industry area of expertise and also give expert advice to other teams working with such clients) or a consulting career trajectory in general. If you are referring to the former - you'll likely be able to start off in a more senior position as your industry experience will count for more, but progression tends to be slower. So ex ante, without knowing more details about you as a candidate, I don't think expert track offers huge advantages over a generalist consulting position if your ultimate goal is to get to VP/SVP in 7 years.

2. I assume I'll need to start off as a Consultant/Associate vs a higher position?

Depending on your years of experience and responsibilities in your current position (e.g., have you been managing a team for a while?), you may be started off as Senior Consultant/Associate. Occasionally people can come in at the managerial level, though this is not super common. The position would be up for discussion between you and HR.

3. Other ways to grow?

Depends on what you are interested in, but a potential move to consider that wouldn't involve a salary cut could be a lateral move to a competitor

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Ian
Experte
Content Creator
antwortete am 8. Juli 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

Maybe take .01% of the $335k salary and get a career coach to help you with a super serious life decision :)

1. Are there certain expert track that can get me to where I want to over the next 7 years?

Yes. And you're probably be hired into this. Perhaps in the Tech practice.

2. I assume I'll need to start off as a Consultant/Associate vs a higher position?

Not necessarily. Based on your experience it'd be more likely to be project lead.

3. Other ways to grow?

Hmmmm, broad question. Better answered via a coaching call where we can get a better sense of your goals, situation, overall resume, network, etc.

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Dia am 8. Juli 2023

Thx a lot 1. Given I've no direct people management experience, can I still target project lead positions in tech (expert track)? 2. Really good idea on reaching out to a career coach. Do you know of any resources where I can find one? Thx

Ian am 8. Juli 2023

My pleasure! You should be able to still target project lead, but it honestly will depend. For example, many of these firms, if they see a candidate on the fence, they'll let the interview intself work this out. This is where you'll need to "prove" that you're at the level required. Networking, resume, and interview will all play a critical factor. Honestly, I career coach as well! So, feel free to reach out. Alternatively, google is your friend. But yes, for such a big decision/switch, definitely invest in figuring out what actually makes most sense (and how to optimally achieve it)

Dia am 8. Juli 2023

Thanks Ian. Can I use this site to use your career coaching services? Please provide me with a link to schedule a session. Cheers

Ian am 8. Juli 2023

Absolutely! I’m sending you information via private message

Cristian
Experte
Content Creator
antwortete am 11. Juli 2023
#1 rated MBB & McKinsey Coach

Hi there, 

Interesting background!

Realistically, if you switch to MBB as a generalist, you'll start as an Associate, which is something you might not want to do. However, if you do go ahead with that and you perform well, you could get fast-tracked and make Partner in 7 years or less. 

Then it would be easy to transition into SVP/VP roles. I've worked with people with a similar background making a transition at AP level, so this is totally doable.

Alternatively, you could try to move to a different firm and negotiate a more senior role within the same industry. 

Best,
Cristian


 

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