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Big 4 to Big 3

Deals Strategy From Big4 to to Big3 Transaction Services Value Creation
New answer on Jul 05, 2022
5 Answers
950 Views
Anonymous A asked on Jul 03, 2022

Hi, I am currently a senior associate with one of the Big 4 advisory practice. My first three years with the firm was doing Risk Consulting and now I am in Deals Advisory specifically in Transaction Services doing Deal Strategy & Value Creation. I am still quite new to the role as it was an internal transfer. \ 

I am also currently pursuing a Master in IT and hoping to transition to the Big 3 in the next year or two. Are there any advice I can do to ensure that I will be in a great position when the opportunity to apply come?

Also are there any suggested ways I can do to network and get referral. I am currently based in Singapore and is actually looking at oversea offices (specifically London or Europe - am aware these offices are challenging) aside from the Singapore office. Any tips will be great please!

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Best answer
Francesco
Expert
Content Creator
replied on Jul 04, 2022
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Hi there,

Q: Are there any advice I can do to ensure that I will be in a great position when the opportunity to apply come? Also are there any suggested ways I can do to network and get referral. 

If you want to get an invitation from MBB you should work on 3 things:

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1) CV

The key elements they will look for and that you can optimize are:

  • University brand
  • Major
  • GPA
  • Work experience
  • Experience abroad
  • Extracurriculars and volunteer experience

The fact you don't have consulting experience is not a problem if you structure your CV correclty.

Red flags include:

  • Low GPA
  • Lack of any kind of work experience
  • Bad formatting / typos
  • 3-4 pages length
  • Lack of clear action --> results structure for the bullets of the experiences
  • Long paragraphs (3-4 lines) for the bullets of the experiences with irrelevant details
  • Long time gaps without any explanation

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2) COVER LETTER

You can structure a cover in 4 parts:

  1. Introduction, mentioning the position you are interested in and a specific element you find attractive for that company
  2. Why you are qualified for the job, where you can report 3 skills/stories from your CV, ideally related to leadership, impact, drive and teamwork
  3. Why you are interested in that particular firm, with additional 1-2 specific reasons
  4. Final remarks, mentioning again your interest and contacts

In part 2 you can write about experiences that show skills useful in consulting such as drive, problem-solving, leadership, teamwork and convincing others.

It is important that in part 3 you make your cover specific to a particular firm – the rule of thumb is, can you send the exact same cover to another consulting company if you change the name? If that’s the case, your cover is too generic.

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3) REFERRALS

To find a referral, you should follow three main steps:

  1. Identify the people that can help you
  2. Write them a customized email
  3. Have a call and indirectly ask for a referral

As general tips:

  • Don’t use LinkedIn for your communication – emails work better. You should target 30% conversion for your messages; if you are not achieving that, there is space for improvement
  • When sending emails, your goal should be to organize a call, not to ask questions – you can then use the call for the questions
  • You need to close the call with an indirect request for a referral – don’t leave that to chances. There are specific ways to phrase it

You should prepare three main things before the call:

  • Your own pitch. 3-4 lines should be enough
  • 3-4 questions on the personal experiences of the person. Avoid to ask questions about the company
  • A closing question for the referral. It should be an indirect request to avoid being too pushy

You can find more information on networking and referrals here:

▶ How to Get an MBB Invitation 

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BONUS: INTERVIEW PREPARATION

After you managed to get an invitation you need to find out how to pass the interview. You can find more on that at the link below.

▶ How to Prepare for an MBB Interview

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If you need more help with referrals, I also do a 30min session with scripts to use, access to my network and every other info to land one. Please feel free to PM for more info.

Best,

Francesco

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Ian
Expert
Content Creator
replied on Jul 04, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

First, good luck with the transition!

Follow these immediate tips:

a) Reach out to people in your network

b) Reach out to people once removed from your network

c) Reach out to people with a similar background to you (i.e. same alma mater, same historically underrepresented demographic i.e. gender, orientation, ethnicity, etc., same career switch, etc.)

d) Tailor a message to them specifically both showing interest in them and their journey and demonstrating that you have done your research and could be a valuable hire

e) Play "tag" across calls you get so that you can work your way towards the company/office/role you want

f) Never directly ask for a referral, but "hint" at needing one (this is nuanced and important...happy to talk through wording)

Don't forget to start prepping now for cases: https://www.preplounge.com/en/articles/how-to-shift-your-mindset-to-ace-the-case

And be ready with the answers to these questions (for both networking and the interview itself): https://www.preplounge.com/en/articles/how-to-shift-your-mindset-to-ace-the-case

 

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Lucie
Expert
Content Creator
replied on Jul 04, 2022
10+yrs recruiting & BCG Project leader

Hi there, 

Francesco listed all the important things to do. Maybe you would benefit from 1 hour coaching to explain you well how the recruiting works in consulting and share insider tips what to tackle & review your CV and orient you in customized way how to move forward. 

If you want to know more, feel free to reach out directly. 

Lucie

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Adi
Expert
Content Creator
replied on Jul 04, 2022
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

I cant top Francesco's answer! He is spot on :)

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Clara
Expert
Content Creator
replied on Jul 05, 2022
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

It seems that you are well equipped and a profile that MBBs are looking for. 

When it comes to how to do networking, nothing special or new here! There are million posts in this Q&A with tips, I would search with those keywords and create a little archive. 

Hope it helps!

Cheers, 

Clara

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Francesco gave the best answer

Francesco

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