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Consulting Q&A

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Tag: "consulting exit"
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consulting exit

    MBB exit - job search strategy

    consulting exit exit opportunities exit options mbb exit change
    Most recent answer on May 25, 2021
    <p>Hello</p> <p>I am looking for opportunities in the Middle East (Dubai), Australia, North America, Europe, or Africa,</p> <p>What are the key reach outs to do besides internal network/alumn for an MBB consultant profile (2 years exp.)</p> <p>1) Are there any generalized or specialized recruitment firms I should think about ? (e.g., Michael Page or MoveMeOn)<br> 2) are there any websites to look for job postings effectively (e.g., linkedin)</p> <p>Thanks in advance for your guidance !</p>
    Hi there, Seek, Monster, Google Job Search, LinkedIn, etc. are all great resources for finding job postings. I would recommend specialized recruiting, but, ultimately, networking effectively is the best way to find ... (read entire answer)
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    on May 25, 2021
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    Leave corporate?

    consulting exit
    Most recent answer on Apr 30, 2021
    <p>Has anyone here who's been a consultant ever considered leaving corporate to get into real estate? Either becoming an agent, wholesaling, flipping houses etc? Would love to hear your reasoning on why/why not? </p>
    Hi there, I didn't leave corporate for real estate, but I did leave corporate to go private contracting! Here's my advice regarding taking the leap: Do your research - make sure you know what you're getting into ... (read entire answer)
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    on Apr 30, 2021
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    Leaving consulting

    consulting exit
    Most recent answer on Apr 29, 2021
    <p>How do you schedule interviews with your exit option companies if you're working 12-16 hours a day? It'd also be weird to take days off if you are staffed on a project. Those of you who left consulting and went to other companies, how did you navigate setting up interview times?</p>
    Schedule interviews around early morning (830am)/lunch time slots/late evenings (after 5pm)/Friday...which ever is feasible. Take some time off here and there and thats okay.
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    on Apr 29, 2021
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    Search time

    consulting exit
    Most recent answer on Apr 11, 2021
    <p>Does MBB offer 'search time' when you want to move out or is it only McK that offers this? Do you need to have completed a year at the firm before you are eligible to use search time?</p>
    Hi there, Generally they do. I was aware of that policy within my firm + office which provided several months of time AND supporting resources. Of course, you need to find out for yourself. Now, I went about figurin ... (read entire answer)
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    on Apr 11, 2021
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    Exit Options Tier 2 vs. Big4

    consulting exit Corporate Deals Strategy exit opportunities exit options Job offer start-up tier 2 consulting Tier 2 Offer Venture Capital
    Most recent answer on Apr 04, 2021
    <p>Hey guys, </p> <p>some of you might have seen my question from yesterday. Really appreciated your help, great input for me. One more question has come up to my mind during the last day. </p> <p>I wanted to ask you if you have any input for me what might be better regarding exit options. I would love to work in a corporate later or in VC. Do you think it would be better to go for the Tier2 firm and look at different strategic topics or go for the big4 firm and focus in a certain area e.g. finance? </p> <p>I would really appreciate your input here!! Happy Easter and best regards from Hamburg! </p>
    Hi there, In general Tier 2 will offer better options for strategy positions in corporates, but it also depends on the specific role you are targeting. It also depends on what you mean by Tier 2 ;) I would perso ... (read entire answer)
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    on Apr 04, 2021
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    Headhunters reach out strategy consulting

    career career move career progression consulting exit exit opportunities exit options headhunter Recruiter
    Most recent answer on Feb 24, 2021
    <p>Hello. For people working / that recently left consulting in London (MBB &amp; Strategy consultancies / Big4 strategy arms), could you let me know if headhunters reach out to you unsollicited with opportunities? How often, and when did it start (e.g. after how many months?). Thinking of people who joined after uni at entry level (e.g. Business Analyst / Associate, etc). Particularly interested in strategy and private equity roles but happy to hear any experiences.<br> <br> Do recruiters tend to blanket target only MBB or do they include tier 2 firms as well? Do these tend to be blasts (e.g. everyone with X position at X firm) or do they read through profiles and then decide based on overall profile (e.g. university, previous experiences, project experience listed in the profile...).<br> <br> Thanks!</p>
    Hi there, As you might expect, the answer varies quite a bit. For me, in particular, I'm headhunted about twice a month by headhunters/recruiters who value one of two things (or both): MBB brand and data/business ana ... (read entire answer)
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    on Feb 24, 2021
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    Leaving consulting just after promotion to Manager

    consulting exit promotion
    Most recent answer on Feb 22, 2021
    <p>What do you think about leaving consulting (not MBB) very shortly (e.g. 2-3 months) after being promoted to Manager? </p> <p>Is there any general rule that once you are promoted to a more senior position in consulting, one should stick with it for at least a year or two before leaving in order to be more credible to the recruiters? Also, would 1-2 years as a Manager in a big consultancy in resume be a real game-changer in terms of exit opportunities compared to leaving as a Senior Consultant?</p> <p>I am already getting quite a lot of offers from the market (outside of consulting) and could postpone/ reject those as promotion is just around the corner. My concern is that once I am promoted and still decide to leave, it may be harder to justify to recruiters why I want to leave as a newly promoted Manager so putting on my resume that I am Manager for 2-3 months maybe considered more as a weakness than advantage. Also, I am not really sure if I will get better exit opportunities as a freshly promoted compared to what I am getting now and some reasonable time at a level must be spent to really benefit that.</p> <p>Thank you.</p>
    Hey there, Making the decision to move at a time when you are near promotion point is a tricky one. Consider following factors to help you decide: The more senior you are in a big consulting firm, the better your ... (read entire answer)
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    on Feb 22, 2021
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    Leaving management consulting just for salary rise?

    consulting exit salary
    Most recent answer on Jul 13, 2020
    Anonymous B gave the best answer on Jul 09, 2020
    <p>I have been offered 44% salary rise and promotion to manager role in a tech company (nothing really fancy not a big name). </p> <p>I really enjoy working in consultancy so I wonder if it really makes sense to leave just for money and manager tag on my LinkedIn profile.</p> <p>I cannot expect more than 10-15% salary increase at my current role, yet once I am promoted hopefully next year I would get better money then current exit offer. Of course there's a risk they will not promote me next year and I'll need to wait 2 years for a promotion.</p> <p>All in all I believe it does not make sense from the strategic point of view to leave for something that I am not really excited about just to temporarily better off on my pay slip, however some say that you should be opportunistic and leave once another company wants to pay more for your skills, so you maximize your earning potential. Sometimes I see Liniedin profiles who change jobs every 2-3 years and they seem to be promoted faster then ones who decide to stay in one company for 10+ years, so seems that strategy also works well for some people.</p> <p>What's your opinion on leaving consulting for 44% salary increase while not being really excited about the new job anyway?</p>
    Don't do it especially if you work for a top tier consulting firm. You only get to leave once and it is in your interest to leave for an opportunity you are truly excited about. In the long run money tends to even out
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    on Jul 13, 2020
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    Freelance as a consulting exit

    consulting exit exit exit options freelance
    Most recent answer on Aug 29, 2019
    Anonymous gave the best answer on Oct 16, 2018
    <p>Dear experts,</p> <p>I've been working as a consultant at a tier2 firm for about 2 years now and I've recently started looking into my exit options. </p> <p>Working as a freelance consultant is one of them since I really like the job as a consultant, the different projects, but I'm looking to work more independently. </p> <p>I assume that especially among preplounge coaches there should be some of you that have experience with that. can you give me some insights or tips? Like what are the advantages and what are the main problems you face? What do I have to do to become a freelance consultant? At this point of my career, am I actually able to pursue this exit option?</p> <p>Would appreciate your help!</p>
    Hi Anonymous, I am actually finishing a book on this ("how to survive the first years as a freelancer"), in German, though. For the book, I am drawing on my own experience as well as interviews with 40 or so freelanc ... (read entire answer)
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    on Aug 29, 2019
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    Why do most consultants at MBB leave after about 2 - 3 years?

    attrition rate Change Job consulting exit
    Most recent answer on Aug 03, 2019
    <p>Hi,</p> <p>Given that the majority of people want to work with MBB, why is the attrition rate among MBB seemingly high? I said seemingly because I don't have hard data, just based on ex-MBBs that I know. Most people leave after 2 - 3 years. And is it also true that some MBB counsel some of their consultants out before they are able to make partner?</p>
    Hi, The average lifetime as a consultant is 2.5 years. Thre are multiple reasons: Up or out policy - you have to leave if the performance is below expectations Leaving for MBA and not coming back Hard lifestyl ... (read entire answer)
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    on Aug 03, 2019
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    How to switch to independent consulting

    consulting exit exit MBB
    Most recent answer on Jun 11, 2019
    Anonymous A asked on Jun 09, 2019
    <p>Hi all,</p> <p>I have been working in consulting for over 6 years, both at a MBB as at a tier 2 consulting firm. I am thinking about pursueing an career as an independent consultant, do you have any advice on how to find my first assignment in Europe? What are the chances to find an independent consulting job in the Middle East? Would be great if you could also share some names of headhunters/organization how can help with my search. Many thanks!</p>
    Hi all, I have been working in consulting for over 6 years, both at a MBB as at a tier 2 consulting firm. I am thinking about pursueing an career as an independent consultant, do you have any advice on how to find my ... (read entire question)
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    on Jun 11, 2019
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