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!