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Industries & Capabilities

Bain
Neue Antwort am 14. März 2024
7 Antworten
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Anonym A fragte am 13. März 2024

My background is in sustainability & engineering so I have no business or finance knowledge (applicable to private equity). Still, I want to learn and get involved in industries that are larger at Bain and learn new things. 

 I received the following answers to a previous question: 

"So pick from the practices that are big enough that you will have consistency on casework within the sector

One common tactic for people who want to learn/advance rapidly is to jump straight into DD (Due Diligence).

I would try to go for a longer-running project in an industry/function that is not workload-heavy, combined with a solid team and simple travel logistics."

But I am not exactly sure which industries may fall under this advice..would love some clarification

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Alessa
Experte
antwortete am 13. März 2024
McKinsey & Company | BCG | Roland Berger

It is very difficult to generalize industries & functions that fall under the category “less workload-heavy”. I would answer the question from a different standpoint excluding those industries & functions that are (often) workload-heavy: e.g., insurance, banking, restructuring, DDs (as a form of project), and (some) automotive projects. 

Regarding the team & the travel logistics: they are definitively company-dependent. From my experience, consulting companies reduced traveling since COVID-19 and offered new work models - also clients are much more flexible and have increased working from home. Also there you cannot conclude with one right answer. 

My advice: before getting involved in a study: ask the team about the YOUR LEARNING on the project, the workload, the travel logistics, etc. since all those aspects depend on the project team (leader) and the client. 

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Dennis
Experte
Content Creator
antwortete am 14. März 2024
Ex-Roland Berger|Project Manager and Recruiter|7+ years of consulting experience in USA and Europe

Hi there,

based on your description above, it is important to you that your traveling requirements are “simple” (e.g. no travel) and that you have a moderate workload. Depending on how important these two aspects are for you, consulting might not be the right choice for you here. You can still learn about business and finance in other career paths at companies that also have “solid teams”. Some food for thought here.

If you do end up pursuing consulting though, keep in mind that due diligence projects are typically NOT long-running (3-4 weeks on average) and are often very workload-heavy (depending on how experienced the project manager is in standardizing the analyses and documentation etc.).

Lastly, I agree with the sentiment that you can't really look at industry sectors alone to determine where there is more to learn or which ones are “more chill” than others. This is really project dependent. With maybe the caviat of the banking sector which is always stressful.

I think you have to think about your whole endeavor on a more fundamental level rather than seeking guidance based on the questions you posted here.

Best

 

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Kaeas antwortete am 13. März 2024

Good afternoon! 

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Ian
Experte
Content Creator
bearbeitete eine Antwort am 14. März 2024
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Because you're asking the wrong question….

It's not like one industry has more learning….

Please stop over complicating this.

Find good projects with good bosses and good clients. Work on things that seem interesting. Get lots of exposure.

It's not like Airlines is inherently better than Automotive is inherently better than Mining…

(editiert)

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Florian
Experte
Content Creator
antwortete am 14. März 2024
Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Hi there,

This is something you should find out via your network on the job.

There are significant differences between offices of the same firm related to work-life balance. There are also differences across clients within the same industry.

As a general rule, look for client industries with relatively normal work hours. If you work with investment banking clients who work 100+ hours themselves your lifestyle will be tougher than with public sector employees who work 35 hours a week, mainly due to 2 reasons:

1. Expectations are different.

2. You can get most of the work done without distraction only once the clients leave the office.

Ian is right though, do not overcomplicate this! Regardless what you are going to do - you will learn a lot.

Cheers,

Florian

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Cristian
Experte
Content Creator
antwortete am 14. März 2024
#1 rated MBB & McKinsey Coach

Two industries I can think of are Sustainability and Heavy Industries. 

What you need to do, practically, is get an overview from the staffer once you're in the firm on what are the main practices/industries (ways in which the content delivery areas in the firms are structured). 

Then, take some time to reflect on which ones are most relevant for you. 

If you're unclear, then talk with people from your office who work in that space. 

That's about it.

Best,
Cristian

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Pedro
Experte
antwortete am 14. März 2024
30% off in April 2024 | Bain | EY-Parthenon | Roland Berger | Market Sizing | DARDEN MBA

With DD you don't get consistent industry experience. You get consistent funcional experience of doing DDs.

Regarding your “dream project”, honestly, it is not a function of industry. It is a matter of partner and client. And this is information that you can only get through networking within your own office.

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Alessa gab die beste Antwort

Alessa

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