Masters program looked upoun favourably for MBB

Hi there,

a. Would a PGd in Industrial Mathematics or Financial Engineering be looked upoun favourably for MBB applications?

Honestly, not really. As in not more than any other STEM degree. An MBA is the most direct round, followed by a MiM.

It's not unfavourable. But, it's not favourable/targeted if that makes sense.

b. Would the mathematical modelling and problem solving skills we learn here be useful as you progress through the ranks within MBB?

Sure. It helps. Just like any form of study. But it's “roundabout” and not direct.

Hi there,

I would be happy to share my thoughts on your questions:

• First of all, these degrees can be beneficial when applying to consulting firms. The programs offer a strong quantitative foundation, which is highly valued in strategy consulting. Between the two options, I would advise you to opt for Financial Engineering as it may provide a slightly more relevant overlap with the kind of financial and strategic problems you would be tackling in consulting.
• Moreover, while the mathematical modelling and problem-solving skills acquired from these programs would be useful, you might still consider entering consulting right away, as you will most likely gain more applicable skills for a successful career on the job.
• Lastly, alongside your academic achievements, I would highly advise you to gain relevant work experience, maybe through internships or project work, which is related to consulting or the industries you are interested in. This will not only make your application stronger but also provide you with practical insights and a better understanding of what to expect in your career in consulting.

If you would like a more detailed discussion on your specific situation, please don't hesitate to contact me directly.

Best,

Hagen

Hello,

First and foremost, I'd like to stress that choosing your postgraduate path shouldn't solely hinge on the goal of joining MBB. It's essential to select a field of study or career that genuinely aligns with your interests and aspirations, as entering MBB is not guaranteed, and it's crucial to have an alternative plan.

Regarding your question, it's quite challenging to provide a definitive answer. MBB firms encompass a diverse range of roles, and your background doesn't necessarily restrict your opportunities. While STEM degrees are generally highly regarded, it's worth noting that many individuals with non-STEM backgrounds have successfully joined MBB, and I've personally coached such candidates who have excelled.

My recommendation is to pursue your academic and career interests independently, as if MBB were not in the picture. Then, when the time comes, you can actively work toward your goal. Start by building your network within the firm, connect with alumni from your school who are employed at your target MBB firms, and learn from their experiences.

I hope this advice proves helpful. Best of luck with your future endeavors!

Cheers,

Hi there,

First of all, please don't choose your postgrad based on wanting to join MBB. Choose something you'd genuinely want to pursue as a career if MBB doesn't work out. This is a very real possibility, and you can't just ‘plan’ to get into these kinds of firms.

As for the question, this is super hard to answer. There's a role for just about anyone in MBB, irrespective of their background. Generally speaking, STEM degrees are highly valued. However, I have seen loads of people joining MBB with non-STEM degrees (coached a lot of them myself) and they're doing great.

My advice is to pursue your interests as if you didn't want to join MBB, and then go for it when the time comes, starting with building your network in the firm e.g., school alumni working in target firms. 

Hope this helps a bit. Best of luck!

Moritz

~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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Hey,

As long as you are coming from a prestigious university, it almost doesn't really matter in which field you specialise in. Although, technical education is truly valued at MBB as it develops your structural thinking and problem solving skills to a great extent.

Also keep in mind that your education does not necessarily correlate with how well you'll perform at the job, as there are more factors at play there. Getting ahead in management consulting is not just about your hard skills, but about the relationships you build within the company. If they like you as a person and would be willing to work with you, they'll keep you.

Good luck!
Nick

Hi there,

1) Would a PGd in Industrial Mathematics or Financial Engineering be looked upoun favourably for MBB applications?

In most countries, both would work fine as a degree. However, I would reflect on whether it is needed or whether you can join right after undergrad. In some countries, you do need a master to be considered for an interview at MBB, but not in all.

2) Would the mathematical modelling and problem solving skills we learn here be useful as you progress through the ranks within MBB?

It might have some utility (it depends on what exactly you will cover), but if you can join immediately you will most likely learn more and faster.

Best,

Francesco

Hi!

You have a cool profile. 

Yes, a sciences-based program would be helpful because it signals to them that you have a strong quantitative background. 

It would be even better if you find something like ‘Business Economics’ or anything in that area that basically shows that you've learned about how to apply the quants on real life situations. 

And yes, being good at modelling is definitely an asset in your first two years. Less so afterwards when soft skills become by far more important.

Good luck!
Cristian

a. Pursuing a Postgraduate Diploma (PGd) in Industrial Mathematics or Financial Engineering can be viewed favorably by MBB (McKinsey, Bain, and BCG) during the application process. These programs demonstrate your commitment to developing strong analytical and quantitative skills, which are highly valued in the consulting industry. Industrial Mathematics and Financial Engineering programs provide a solid foundation in mathematical modeling, data analysis, and problem-solving techniques, which are directly applicable to the work done in strategy consulting.

b. The mathematical modeling and problem-solving skills you acquire during a PGd in Industrial Mathematics or Financial Engineering can indeed be valuable as you progress through the ranks within MBB. Strategy consultants often encounter complex business problems that require rigorous analysis and data-driven decision-making. The ability to apply mathematical models, analyze data, and solve problems using quantitative techniques can give you a competitive edge in tackling these challenges. These skills can help you provide valuable insights, develop innovative solutions, and effectively communicate your findings to clients and team members.

It is important to note that while a PGd in Industrial Mathematics or Financial Engineering can enhance your analytical capabilities, MBB also values a well-rounded skill set. Soft skills such as communication, teamwork, leadership, and business acumen are equally important in the consulting industry. Therefore, it is advisable to develop a balance between technical expertise and interpersonal skills to excel in a consulting career.