Cookie and Privacy Settings

This website uses cookies to enable essential functions like the user login and sessions. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. You can choose to activate only essential cookies or all cookies. You can always change your preference in the cookie and privacy settings. This link can also be found in the footer of the site. If you need more information, please visit our privacy policy.

Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. GDPR, to your data being processed in the USA (by Google LLC, Facebook Inc., LinkedIn Inc., Stripe, Paypal).

Manage settings individually I accept
expert
Expert with best answer

Francesco

100% Recommendation Rate

3,377 Meetings

14,295 Q&A Upvotes

USD 449 / Coaching

1

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

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.

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)

1 answer

  • Upvotes
  • Date ascending
  • Date descending
Best Answer
Book a coaching with Francesco

100% Recommendation Rate

3,377 Meetings

14,295 Q&A Upvotes

USD 449 / 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

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

Thank you very much. Very useful answer. — Patrick on Aug 24, 2017

Related case(s)

MBB Final Round Case - Smart Education

Solved 16.5k times
MBB Final Round Case - Smart Education Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US. The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadvantaged areas. The client is considering starting operations for its services in the Chicago area. They hired us to understand if that makes sense. Due to the nonprofit regulation, SmartBridge should operate on its own in the market, without any partnership. How would you help our client?
4.6 5 579
| Rating: (4.6 / 5.0)

Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US. The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadvant ... Open whole case

Espresso, Whatelse?

Solved 9.8k times
Espresso, Whatelse? Espresso Whatelse is an Italian company that produces coffee and espresso machines since 1908. It is the Italian market leader and has a strong presence overall in Europe. In 2019, Espresso Whatelse has increased its revenues but it has seen declining profit margin. Your client wants to understand the root causes of this 2019 trend and how to increase its profit margin again.  
4.6 5 487
| Rating: (4.6 / 5.0)

Espresso Whatelse is an Italian company that produces coffee and espresso machines since 1908. It is the Italian market leader and has a strong presence overall in Europe. In 2019, Espresso Whatelse has increased its revenues but it has seen declining profit margin. Your client wants to understand ... Open whole case

Hot Wheels

Solved 5.2k times
Hot Wheels Problem definition: Our client is Korean Car Parts (KCP), a multi-national original equipment manufacturer (OEM) of car parts based in Korea. They've recently seen a decline in profits and have brought us in to understand how to address this falling profitability.
4.6 5 290
| Rating: (4.6 / 5.0)

Problem definition: Our client is Korean Car Parts (KCP), a multi-national original equipment manufacturer (OEM) of car parts based in Korea. They've recently seen a decline in profits and have brought us in to understand how to address this falling profitability. Open whole case

MBB Case: COVID-19 Vaccine

Solved 4.7k times
MBB Case: COVID-19 Vaccine The COVID-19 pandemic has killed millions of people worldwide and led to devastating economic impact. A vaccine is one of the biggest hopes for stopping the pandemic.  The World Health Organization (WHO) is working with multiple stakeholders to ensure groups at higher risk of becoming infected and dying (e.g. elderly people and healthcare workers) receive a safe an effective COVID-19 vaccine in the next six months. The WHO’s Director-General asked your help to build a plan to achieve this goal. What should be included in this plan?
4.6 5 247
| Rating: (4.6 / 5.0)

The COVID-19 pandemic has killed millions of people worldwide and led to devastating economic impact. A vaccine is one of the biggest hopes for stopping the pandemic. The World Health Organization (WHO) is working with multiple stakeholders to ensure groups at higher risk of becoming infected and ... Open whole case

Stock-outs at 'Create Music Inc'

Solved 4.7k times
Stock-outs at 'Create Music Inc' We are a large American music company with 40% market share and $50 billion revenue. Last holiday season the retailers were unable to replenish our CDs on their shelves because of our large degree of stockouts. We would like you to figure out why this happened.
4.0 5 246
| Rating: (4.0 / 5.0)

We are a large American music company with 40% market share and $50 billion revenue. Last holiday season the retailers were unable to replenish our CDs on their shelves because of our large degree of stockouts. We would like you to figure out why this happened. Open whole case