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MSc with 8+ years of experience applying for analyst position

consulting analyst
New answer on Mar 04, 2024
6 Answers
204 Views
Lisa asked on Mar 02, 2024

Hi there,

I have a research-based master's degree in Health Sciences. I have work 8+ years in a research role at a research centre and then as a policy and program analyst for the Ontario government, where I conducted analysis of policies and programs and generate recommendations for improvement.

I now would like to work in the consulting industry. Given that I don't have a background in business administration, I think I should apply for the analyst role to stand a better chance of getting in and then work my way up. Do you think it is a good idea? Would my master's degree and 8+ years of experience make consulting firms question my application for a very junior role? Or would that be normal for someone with my background to apply for that role. You insights are much appreciated!

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Best answer
Nick
Expert
replied on Mar 04, 2024
Bain London PE practice / ex-Interviewer and recruiting lead at Bain / I will coach you to rock those interviews

Hi Lisa, thank you for the thoughtfulness behind this question, which shows you that you are coming at this potential transition with pragmatism and an objective point of view. It is important not to lose that as you go deeper into the process. 

I have experience securing MBB offers in Canada, London, Hong Kong and offices in the US, and from that plus experience coaching others - it depends on the office that you are targeting

In North America and Asia, industry hires with more than 3 years of experience would already go into the Associate pipeline at McKinsey (Junior Associate in some Asia offices for the first year) or Consultant pipeline at Bain and BCG (Senior Associate Consultant in some Asia offices).  

In London, on the other hand, the default for industry hire without business background or an MBA would be to start at the more junior level (despite an otherwise world class background e.g. being a brain surgeon with oxbridge degrees). They typically progress a bit more rapidly vs new graduates - in part due to their elevated maturity and perspectives from prior experience. 

You can also think of this in terms of  your ultimate goal and how an MBB experience fits into it. If you are optimising for a longer-term successful career within the firm, go at a click below where you would perform in your full potential. Making a strong  initial impression is critical for your subsequent staffing and development. On the other hand, you might want to go into slightly “stretch” roles if you are optimising for training and using this as a platform before moving to bigger and better things (they exist, believe me). 

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Cristian
Expert
Content Creator
replied on Mar 04, 2024
#1 rated MBB & McKinsey Coach

Hi Lisa, 

That's a great question. 

With most consulting firms, if you have >5y of work experience, you typically go for the next role after starting role - for instance, in McKinsey this would be Associate instead of Business Analyst. 

Of course, if the work you had done to date is not relevant to consulting, then you might be asked to join in a more junior role. 

Also, some firms and practices within some firms have their own conditions for the experience you need to join - some are more lenient than others. 

What I would recommend you to do is first to put together an overview of all your target firms and roles. Then start contacting and discussing your fit for the role with the recruiters from each respective firm before applying. 

You might find the following article helpful in terms of how to put together an application strategy:

Best,
Cristian

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Francesco
Expert
Content Creator
replied on Mar 03, 2024
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Hi Lisa,

Q: Given that I don't have a background in business administration, I think I should apply for the analyst role to stand a better chance of getting in and then work my way up. Do you think it is a good idea?

With 8 years of experience, you should be considered for an Associate (McKinsey) or Consultant (BCG/Bain) role. If they have doubts, they might suggest a period as Junior Associate / Junior Consultant. 

The analyst role is suitable for new grads. If they were to consider you for it, it would be like giving no value to your 8 years of experience, which I don't think would make sense.

Good luck!

Francesco

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Lisa on Mar 03, 2024

Thank you so much for your response! Honestly, I am currently between jobs and decided to change my career from the public to the private sector. My goal is to get a job in the industry that I like and can apply my acquired skills and grow a career. I don't have the luxury of time time to network and be okay with rejection. I wonder if I apply for the analyst role, would these firms question my application? (why I didn't apply for the association or consultant). P/S: There don't seem to be a lot of openings for the associate positions currently

Francesco on Mar 03, 2024

Hi Lisa, as mentioned with your seniority I would apply for an Associate (McKinsey) or Consultant (BCG/Bain) role, I don’t see the advantage of applying for a position that doesn’t fit your experience. I would also recommend investing the time to network and find a referral to increase your chances. You can find more on referrals at the following link: https://www.preplounge.com/en/articles/networking-as-part-of-the-management-consulting-preparation-process . Good luck!

Ian
Expert
Content Creator
replied on Mar 03, 2024
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi Lisa!

Honestly, with 8 years of work under your belt and a master's degree, I think you should apply for the associate/consultant position.

I would not sell yourself short here.

Network a ton to see where each firm sees you…but, I think you'll find they see you at the consultant level :)

Make sure to case prep a ton to show them your worth here as well!

How to Get a Consulting Internship - Tips and Tricks
 

Application Tracker – Keep Track With This Free Template
 

The Most Common Pitfalls in Case Interview Preparation

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Lisa on Mar 03, 2024

Thank you so much for your response. Honestly, I am currently between jobs and decided to change my career from the public to the private sector. My goal is to get a job in the industry that I like and can apply my acquired skills and grow a career. I don't have the luxury of time time to network and be okay with rejection. I wonder if I apply for the analyst role, would these firms question my application? (why I didn't apply for the association or consultant). P/S: There don't seem to be a lot of openings for the associate positions currently

Pedro
Expert
replied on Mar 04, 2024
Bain | Roland Berger | EY-Parthenon | Mentoring Approach | 30% off first 10 sessions in May| Market Sizing | DARDEN MBA

Hi Lisa,

You have 8 years of experience and a masters. That's definitely more senior that an entry-level analyst.

You should apply to a post-mba role (consultant, associate, depending on the firm). If they feel that you are too junior / inexperienced, they will suggest entering as an experienced analyst (once again, name of the rank depends on the firm, this would be a “Senior Associate Consultant” at Bain, for example).

Don't worry, once inside, career progression is quite fast.

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Alberto
Expert
Content Creator
replied on Mar 04, 2024
Ex-McKinsey Associate Partner | +15 years in consulting | +200 McKinsey 1st & 2nd round interviews

Hi there,

McKinsey will consider you for the associate position with +4-5 years of experience (even without MBA or business background). You should aim to this.

Best,

Alberto

Check out my latest case based on a real MBB interview: Sierra Springs

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Nick gave the best answer

Nick

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Bain London PE practice / ex-Interviewer and recruiting lead at Bain / I will coach you to rock those interviews
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