Is it possible to move from a consulting company focussed on riskmanagement and finance to a strategy consulting?

Financial risk management Interview MBB strategy
Recent activity on Aug 23, 2017
1 Answer
2.6 k Views
Anonymous A asked on Aug 19, 2017

By strategy consulting I mean a Tier 1(MBB) or Tier 2 (Deloitte, Strategy&, Oliver Wyman etc. ). I guess the answer would be that it is somehow possible but I would like to know how likely it is to get an interview. Perhaps these companies would prefere someone directly from the university.

(edited)

Overview of answers

Upvotes
  • Upvotes
  • Date ascending
  • Date descending
Best answer
Francesco
Expert
Content Creator
replied on Aug 23, 2017
#1 Expert for Coaching Sessions (3.600+) | 1.300+ Reviews with 100% Recommendation Rate | Ex BCG | 8+ Years of Coaching

Hi Anonymous,

that’s definitely possible, however it is not the linear path that normally brings you to strategy consulting, unless a strategy company is looking by chance to expand specifically in risk management. Strategy companies indeed usually prefer people coming from (i) universities directly; (ii) strategy roles in big brands; (iii) other strategy consulting companies.

In order to have a good chance to be invited you would have to consider one of the following options:

  • Develop a good network in strategy companies and use their referrals rather than the online applications only.
  • Give priorities to finance-related companies (eg Oliver Wyman), where you could show stronger skills thanks to your past experience.
  • Expand your CV with more strategy roles; this could be done working as advisors for a startup or an NGO while keeping your current job.

In case that doesn’t work, you may also consider doing an MBA first; this will take more time and money but could increase your chances significantly.

Best,

Francesco

Was this answer helpful?
Patrick on Aug 24, 2017
Thank you very much. Very useful answer.
Francesco gave the best answer

Francesco

Content Creator
#1 Expert for Coaching Sessions (3.600+) | 1.300+ Reviews with 100% Recommendation Rate | Ex BCG | 8+ Years of Coaching
3,659
Meetings
20,949
Q&A Upvotes
237
Awards
1358 Reviews