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Can in-house consulting roles lead to C-level position?

career progression
Neue Antwort am 30. Okt. 2023
7 Antworten
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Anonym A fragte am 27. Okt. 2023

Hi experts, I'm keen to gain your insights into in-house consulting. Coming from an external consulting background, I am considering joining an in-house consulting team for a FT500 brand. 

From what I have seen, many ex-consultants from top firms join critical roles in corporates and become C-suites later on. Common roles they join after consulting could be product manager, corporate strategy, corporate development, etc, but I haven't seen many examples of joining in-house consulting roles after working in external consulting and climbing the corporate ladder to C-suites. 

As for the in-house consulting role that I have received, after due diligence, it seems that this role focuses more on the latter-mentioned aspect across these 3 different metrics that may differ from firm to firm.

  • Group strategy (larger scope) vs. business unit strategy (smaller scope)
  • Strategy consulting (long-term issues) vs. management consulting (short-term issues and focusing on improving operational aspects)
  • Strategic projects vs. operational projects (implementation/execution)

The major concern that I have is the role focuses more on projects for functions (IT, HR, Finance, etc) or specific business units. On the other hand, I would imagine a typical corporate strategy role would focus on more “game changer / high impact” projects similar to those done at MBB, such as: M&A, market entry, product development, etc. 

In a nutshell - if my ultimate goal is to rise to a C-level within the group, would it be helpful to join such a role that focuses on operational aspects for functions and BU? Or, it would be better to join a corporate strategy team that focuses more on the “big impact” projects? I'm trying to figure out whether I should be positioned as the “operation” or “strategic” guy.

Any thoughts are welcomed!

 

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Raj
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Content Creator
antwortete am 30. Okt. 2023
FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK

It is true that many ex-consultants from top firms often join critical roles in corporates and eventually rise to C-suite positions. While there may be more examples of consultants transitioning into roles such as product manager, corporate strategy, or corporate development, it is important to note that in-house consulting can also provide valuable experiences and opportunities for career growth.

In-house consulting roles can vary in their focus and scope, as you have mentioned. While some roles may primarily focus on projects for specific functions or business units, others may involve more strategic and high-impact initiatives such as M&A, market entry, or product development. It is crucial to carefully evaluate the specific role you have received and assess how it aligns with your long-term career goals.

If your ultimate goal is to rise to a C-level position within the group, it can be beneficial to gain a well-rounded understanding of the organization's operations and functions. Joining a role that focuses on operational aspects for functions and business units can provide you with valuable insights into the inner workings of the company and help you develop a strong foundation of knowledge and expertise.

However, it is also important to consider the strategic aspects of your career trajectory. If you aspire to be seen as a strategic leader within the organization, joining a corporate strategy team that focuses on high-impact projects can help position you as a strategic thinker and decision-maker.

Ultimately, the decision between positioning yourself as the "operation" or "strategic" guy depends on your personal career aspirations and the specific opportunities available within the organization.

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Moritz
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bearbeitete eine Antwort am 27. Okt. 2023
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Hey there,

Yes, of course. There’s many paths leading to C-level but there’s no path that works for all! 

The only commonality is that it takes time and effort (+ luck) for anyone to get there (for established corporates, not startups) and you will have to prove yourself along your own personal path.

 I have worked with many C-level folks and they all had such different backgrounds:

  • Some are super specialized (often in Germany), others have MBAs
  • Some have been with an entity for 15ys before getting the “C”, others were hired external
  • Some are great and caring people leaders, others are ruthless with limited social skills
  • Some wanted to get there desperately, others just sort of ended up there as it was meant to be

When I started my path, nobody would have predicted where I ended up. This is the case for most people, including yourself.

If in doubt, take a leap of faith and go with your gut!

Best of luck!

Moritz

 

>> Need a senior McKinsey coach? See my profile in a nutshell
>> Need real McKinsey cases? See two real examples with Zero Carbon Mine (hard) & Car Convenience(Intermediate + brand new)

(editiert)

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Cristian
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antwortete am 27. Okt. 2023
#1 rated MBB & McKinsey Coach

Seems like you've spent quite some time thinking about this. I appreciate the analysis. 

At the same time, I believe it's impossible to generalise. Climbing to C-level is all about the value you provide and the relationships you develop. 

You could do these from any position of the organisation, as long as you make the value transparent and you have access to developing these relationships. 

In-house consulting can actually give you great access to both these things because you end up working on issues that are relevant for the entire organisation, often pulling together different departments and working with their leaders and having a transparent impact that can be correlated with the top metrics of the organisation.

At the same time, you could achieve this also from being in Opeartions and working your way up to head of the divison or somewhere else. 

Best,
Cristian

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Practicing for interviews? Check out my latest case based on a first-round MBB interview >>> SoyTechnologies  

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Francesco
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antwortete am 28. Okt. 2023
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Hi there,

Q: In a nutshell - if my ultimate goal is to rise to a C-level within the group, would it be helpful to join such a role that focuses on operational aspects for functions and BU? Or, it would be better to join a corporate strategy team that focuses more on the “big impact” projects?

It seems you have done due diligence already on the likelihood of an exit from in-house consulting firms similar to the one you would join. From what you shared, this is possible but not very common. 

Whether it is the best path for you depends on the alternative you would have compared to that exit. I would also account for how much you like the team/job of the in-house consulting, as your long-term goals might change.

Good luck!

Francesco

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Nikita
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antwortete am 27. Okt. 2023
MBB & Tier2 preparation | 85+ offers | 7 years coaching | 2000+ sessions | PDF reviews attached

Hi,

I think that Christian just said it. 

Climbing the C-Level is not about the position per se, but an individual. If you are motivated enough and know how to build professional connections, it doesn't really matter where you are coming from and what your background is. Also, luck can often play a role when it comes to one's career advancement.

Most of those working in the corporate world would be fine with their specialist or middle management roles, with no desire to play politics and climb any higher.

Regards,
Nick

 

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Ian
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antwortete am 28. Okt. 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

While I really like that you're being objective-driven here, I'd actually recommend less “strict” targets when picking between offers, if that makes sense. Think about general career goals and other aims (type or work, workplace etc.). Additionally, think about which role is the most flexible in terms of future career goals (they might change!)

Ultimately,  yes, this role can lead to a C-suite position (after many years!), but, as the other coaches have mentioned, this absolutely depends on the individual.

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Pedro
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antwortete am 27. Okt. 2023
Bain | Roland Berger | EY-Parthenon | Mentoring Approach | 30% off first 10 sessions in May| Market Sizing | DARDEN MBA

While the “corporate strategy” type is more promising in terms of reaching a top-level position in a large corporate, it is very important that you do your own research regarding how this works in the specific company you are joining. It is possible that their path to the top indeed expects you to be good at those types of problems you have in their internal consulting department.

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Raj

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