Alternative to management consultancies due to current situation?

Hello!

There is not a one truth to this question, since there are many many relevant things that you can do this time that will be useful for (1) your personal and professional rgowth and (2) your CV to consulting.

To mention some:

• Startups
• Tech companies
• Strategy positions in other industries
• Project o Product mangement roles
• etc.

Then, of course, depends on the firm, the scope of your work, etc.

Hope it helps!

Cheers,

Clara

Are you interested in sustainable development?! I studied this at my MPA, and Dalberg (dalberg.com) is the leading sustaianble development consultancy - its all the same skils buts sustaianble development problems (and case itnerviews). It was started by ex-McKinsey consultants. It is very competitive though and you need to prepare just as you would for MBB, but with development related cases. They are hiring a lot right now, and helping many developing countries' governments with thier COVID response strategies.

I actually just got an offer there, so if you are interested, I would be happy to help you prep and guide in the right direction for how to prep for these cases since you can't find them in casebooks. Pay is very, very good for social impact, and work/life balance is way better than MBB (think 9-7 most days). Also, less travel than MBB, although you would need to travel for a few weeks at a time depending where you are located and what project you are staffed on (they could send you to Africa or Asia, and also Latam if you speak Spanish. I am offering my first session free and then one session 50% off! Let me know if you are interested :)

Hi

What I would add to the answers by others is this - whatever you do make sure it is what generates revenue for the company and is not viewed as a cost center. For example if you go to a bank go to Investment Banking/Trading and not banking operations. If you want to do supply chain then go to Apple where supply chain is king, if you go to Google ideally you want to be a developer there etc. This is what I have seen is common among many experienced hires - they worked in positions that were core to the revenue generating aspect of the companies they were in. The main reason being that companies will spend a lot of resources in those roles to train, develop talent etc. and you learn a lot more given it's importance.

All the best,

Udayan

Dear A,

Your question of course depends on geography a lot. But in general I would highly recommend to go for career at big Bluechip corporate, complete graduate training program there or go into financial services, especially think-tank companies, also technology sector like Facebook, Amazon, Apple, Google. There are very attractive employer at the moment. And last but not least, many roles woud be opened in startups.

In my view these are the most attractive options which you have at the moment in hand.

But if the situation changes, and it becomes very difficult to find a job then simply go for a job which you can get, if don't have any other chance.

Hope, it helps.

If you wish a long-term career advice and tips, get in touch with me and I'm happy build you a solid career.

Best,

André

Hi!

I think a good opportunity could be to join mid-stage start-up or scale-up (Series B - Series E) in an industry that has benefited from the crisis. Think for example last-mile package delivery, food delivery, etc. I would focus on a role where you get as much exposure as possible and allows you to build some analytical skills. Think business analyst, BI, or similar. These are also the most likely to be hiring in these times.

Relatively well-known brand-name (at least in the market where you will apply for consulting) would be useful to ease the transition later.

-A

Hi Anonymous

If consulting is your end goal - then go for a widely known brand in a role that develops relevant skills (as Axel already mentioned)

Tech and IT sectors have been more resilient to this crisis so something to consider (likes of Apple, Tesla, Amazon etc)

Best of luck