Consulting Q&A – Ask Questions on Your Career in Our Consulting Forum

In this overview, you will find all the questions asked so far by the PrepLounge community. Anyone can ask questions and write answers. Our coaches are also happy to share their expertise. If you like an answer, give it an upvote so that it rises to the top.

How does the Consulting Q&A work?

Anyone can ask a question
Anyone can write an answer
Upvotes let answers rise to the top

Consulting Q&A

Ask a ConsultantExclusiveAsk a Consultant

Consulting Q&A
  • Consulting Q&A
  • <span class="tablet desktop"><span class="text">Ask a Consultant</span><span style="background-color:#E84637;" class="badge">Exclusive</span></span><span class="mobile">Ask a Consultant</span>
Selected filters
Tag: "exit"
1 - 20 of 38 results
Last Activity
  • Last Activity
  • Newest question
  • Newest answer
  • Answer upvotes
  • Most views
Other Tags
exit

    What are common exit options you have seen at DHLC?

    AskDHLC DHL Consulting exit exit options
    Most recent answer on Jul 28, 2021
    Hi, from my experience with (German) Inhouse Consultancies, Exits are typically into Senior or Project Management roles within the respective organization, in this case DHL. Some people might also exit externally, but ... (read entire answer)
    1
    1
    Answer
    2.0 k
    Views
    16
    Total Upvotes
    on Jul 28, 2021
    Last Activity

    A few months in consulting, I don't find a fit and I want to quit...What should I do

    exit
    Most recent answer on Jun 29, 2021
    <p>A few months in consulting after MBA, I don't find a fit...What should I do?</p> <p>Everyday from 9 to 11+...way too intense for me. I underestimated the load.</p>
    Hey, What you are feeling & experiencing is normal, specially if you are new to Consulting. Check out these threads for plenty of discussion on the exact same question: https://www.preplounge.com/en/consult ... (read entire answer)
    8
    8
    Answers
    357
    Views
    47
    Total Upvotes
    on Jun 29, 2021
    Last Activity

    How to find a non-consulting job in Dubai

    dubai exit MBB
    Question edited on Jun 08, 2021
    <p>Hi</p> <p>I am about to leave my current consulting job in Dubai.</p> <p>Does anyone know of any good forums / methods to find a non-consulting job in the region (not linkeded, job boards etc.)?</p> <p>Thanks</p>
    Hi there, You're asking for ways to find jobs but not through the 2 best ways? This is an odd approach... Look, fundamentally, if you're looking for jobs you have three options Network and have calls with people ... (read entire answer)
    1
    1
    Answer
    132
    Views
    19
    Total Upvotes
    on Jun 08, 2021
    Last Activity

    Networking call with VC partner. What questions should I ask?

    BCG exit exit options Venture Capital
    Most recent answer on May 08, 2021
    <p>I have a networking call with a Venture Capital partner approaching. I am hoping to join his team. What questions can I ask during this call?</p> <p>Thanks</p>
    Good one on getting that call! Have a look at this thread for some general tips on building chemistry https://www.preplounge.com/en/consulting-forum/how-to-create-chemistry-with-the-interviewer-8271 My biggest tip ... (read entire answer)
    3
    3
    Answers
    227
    Views
    54
    Total Upvotes
    on May 08, 2021
    Last Activity

    Received an exit opportunity before MBB start date

    exit MBB
    Most recent answer on Apr 04, 2021
    <p>Hi everyone,</p> <p>I was a summer intern at an MBB last year and received an offer to return, which I was thrilled about. A couple of weeks ago, I've recevied a wonderful exit opportunity at a tier-1 firm (that I'm personally really excited about) with a start date of Jan 2023. That's a year and a half after I join the MBB in June. Of course I know that I could wait for other opportunities, but this is the 'exit' that I've been waiting for. </p> <p>Is it okay for me to sign the exit offer now? Will MBB's HR be unhappy about this?</p>
    Hey there, That is no problem. First, you don't need to tell anyone now. Second, MBB HR is well aware that people leave for other opportunities once they arise. This is the business model of MBB and good for the ... (read entire answer)
    9
    9
    Answers
    296
    Views
    29
    Total Upvotes
    on Apr 04, 2021
    Last Activity

    Secured an exit! How does the background check work?

    exit
    Most recent answer on Apr 04, 2021
    <p>Just secured an exit last week after 2 years in consulting. No more powerpoint juice!</p> <p>I understand that the background check can take some time, and I'd like to keep my exit on the down low until a week or two before I leave. </p> <p>The new firm is looking for references, and I'd have to list down HR's contact when they run the background check. I'm worried that this will affect my staffing as there's still a couple of months to go before I leave. </p> <p>Will HR know that I'm looking to leave - as in what will appear in the background check? And how should I approach this?</p>
    Hi there, Congratulations on getting freed from powerpoint :) A few things I'd like to flag: It is illegal to give insufficient notice to your current firm. Look at your contract and find out what their notice p ... (read entire answer)
    5
    5
    Answers
    258
    Views
    60
    Total Upvotes
    on Apr 04, 2021
    Last Activity

    A few months in consulting, I am asked to leave. I can't get any response for the job I applied

    exit
    Most recent answer on Apr 03, 2021
    <p>A few months in, I am asked to leave. I can't get any response for the job I applied. What should I do?</p>
    Hi there, Sorry to hear that. This is what I would recommend: Review your CV. If you don’t have resources to hire a coach – ask for feedback to friends who are working in fields related to those you want to apply ... (read entire answer)
    7
    7
    Answers
    197
    Views
    85
    Total Upvotes
    on Apr 03, 2021
    Last Activity

    I joined consulting post MBA for a few months and asked out...Where is my exit?

    exit fire
    Most recent answer on Mar 14, 2021
    <p>I joined consulting post MBA for a few months and asked out...Where is my exit? </p> <p>I joined consulting at consultant level and the firm found that I cannot lead a moudule independently. Additionally, the hour is wayyy too long for me.</p> <p>Do I have any exit? I am applying for job now (in Europe and APAC) but interviewer will doubt why I would leave consulting only after a few months....And background check with reveal that I was fired..</p> <p>What should I do?</p>
    Hi there, Sorry to hear that. If the period was really short (2-3 months) I think you are better off not including it at all in your CV. If the period is longer (6+ months), you need to prepare an answer for why y ... (read entire answer)
    8
    8
    Answers
    639
    Views
    82
    Total Upvotes
    on Mar 14, 2021
    Last Activity

    How much do you earn after moving to industry?

    exit
    Most recent answer on Mar 14, 2021
    <p>How much do you earn after moving to industry? (as a % of your consulting total compensation) Please indiacte the location, industry and role.</p> <p>I am looking to exit to industry but compensation varies a lot...Does it make sense to just ask for 20% bump or there is usually a reduction</p>
    I would say that it all depends on the particular situation in each company. Usually, there will be a reduction, but it’s better to discuss certain conditions with the hiring manager on places. Anyway, always follo ... (read entire answer)
    4
    4
    Answers
    184
    Views
    51
    Total Upvotes
    on Mar 14, 2021
    Last Activity

    A colleage of mine was asked to leave by the firm (tier 2), but she got into a really good corp role

    exit
    Most recent answer on Mar 11, 2021
    <p>A colleage of mine was asked to leave by the firm (tier 2), but she got into a really good corp role. Is consulting the gold standard of a person? Have you seen someone fail at consulting but managed to get something else and thrive? I thought consulting is a holistic business evaluation.</p>
    Hi there, Failure at something is not correlated with success in life. Quite the opposite. If you look at the richest and most successful people in the world, you will find most of them failed (sometimes in a huge w ... (read entire answer)
    9
    9
    Answers
    213
    Views
    88
    Total Upvotes
    on Mar 11, 2021
    Last Activity

    Is it common to leave consulting within a year? Is there good exit?

    exit
    Most recent answer on Mar 11, 2021
    <p>Is it common to leave consulting within a year? Is there good exit? Hours are wayyy too long</p>
    It is certainly shorter than usual. In my own experience, headhunters started reaching out around the 1-year mark. If you are deciding that it is too much and you can't continue any more, you will need to prepare a good ... (read entire answer)
    9
    9
    Answers
    264
    Views
    54
    Total Upvotes
    on Mar 11, 2021
    Last Activity

    Does people at MBB have significantly better exit opportunities than those at tier 2?a

    exit
    Most recent answer on Mar 08, 2021
    <p>Does people at MBB have significantly better exit opportunities than those at tier 2 in Europe/APAC?</p>
    Hi there, MBB will offer better exit opportunities. The reason is, some companies hire just ex-MBB (this is particularly true in highly-competitive industries such as PE). Whether it is "significantly" better, dep ... (read entire answer)
    7
    7
    Answers
    282
    Views
    63
    Total Upvotes
    on Mar 08, 2021
    Last Activity

    How does Accenture Strategy compare against T2/Big4 regarding compensation and exit opportunities in Germany?

    Accenture Accenture Strategy compensation deutschland exit exit options gehalt germany salary
    Most recent answer on Jan 13, 2021
    <p>Compensation numbers on Glassdoor seem way too high (see pic).<br> <img alt="" src="/uploads/qa/questions/8920/images/ACN.jpg"><br> <br> Besides that, Accenture seems to be very well positioned in Germany (top 5 in virtually every industry and service type):</p> <p>https://www.brandeins.de/magazine/brand-eins-thema/unternehmensberater-2020/interaktives-ranking-und-bestenliste<br> <br> https://www.cio.de/a/die-top-10-unternehmensberatungen-in-deutschland,3602899</p>
    Hey there, So here's my insights: Compensation (DE) I agree with what you found on glassdoor. Its a good ballpark. Compensation will be ~30-40% lower than MBB and at par or slightly above BIG4. Please remember the ... (read entire answer)
    9
    9
    Answers
    1.4 k
    Views
    61
    Total Upvotes
    on Jan 13, 2021
    Last Activity

    Is MBB the gold ticket?

    exit
    Most recent answer on Nov 13, 2020
    <p>Many of the classmates go into MBB, is it a gold ticket? Is there any other industry that makes one move up as quickly as consulting (Except financial services)?</p> <p>Note: I joined corporate.</p>
    Hello! I had never seen it referred as a gold ticket, but it´s a good one ;) It totally depends. It´s true that is a true career accelerator, this without doubt. It teaches you so fast -perhaps because you need i ... (read entire answer)
    8
    8
    Answers
    401
    Views
    3
    Total Upvotes
    on Nov 13, 2020
    Last Activity

    Why did you leave consulting despite high compensation?

    exit
    Most recent answer on Oct 30, 2020
    <p>Why did you leave consulting despite high compensation? Does corporate or tech pay more despite the way shorter work hours?</p>
    I think your question is very very narrow my friend. Life is not all about compensation. I find it interesting that this seems to be your central focus, and, from a internal peace sort of perspective it's worth refl ... (read entire answer)
    6
    6
    Answers
    362
    Views
    54
    Total Upvotes
    on Oct 30, 2020
    Last Activity

    MBB Singapore/Dubai Exit opportunities

    exit MBB
    Most recent answer on Sep 24, 2020
    <p>Does working in MBB in Singapore or Dubai lead a person to an executive position in the corporate world in industries such as pharma or consumer goods?</p>
    Hi there, Honestly, if you had said anything after "Does working at MBB lead to xxx" I would have said yes! So, yes, honestly, you can truly chart your own course at MBB. Moreso, the course you'd like to take is qui ... (read entire answer)
    7
    7
    Answers
    574
    Views
    42
    Total Upvotes
    on Sep 24, 2020
    Last Activity

    Are MBB offices in developing countries perceived to be inferior?

    developing countries exit MBB
    Most recent answer on Sep 19, 2020
    <p>Hi, I've heard from a former McKinsey consultant that MBB offices in developing countries (eg. Indonesia, Philippines, Thailand) are considered inferior by those in more developed, established offices in western countries.</p> <p>He came from the SF office and mentioned how it was widely perceived that the McKinsey offices in those mentioned countries do not have real consultants but are offices known to simply be a data hub. </p> <p>(1) How true is this for people both within and outside the firm?</p> <p>(2) Do people from offices of developing countries get the same exit opportunities as those from western countries? Let's say I exit from McKinsey, build a startup, and look for funding, will investors consider my background to be lesser? or if I apply to Harvard or Stanford for MBA, will my chances be lower?</p>
    I can unequivocally say this is not the case for Bain. If you're in the consultant workforce, all offices are equal in all aspects and I find it hard to imagine that this would be different for any of the other firms. ... (read entire answer)
    8
    8
    Answers
    676
    Views
    31
    Total Upvotes
    on Sep 19, 2020
    Last Activity

    Is 20 months on the job too early to leave consulting?

    consulting exit on the job
    Most recent answer on Sep 02, 2020
    <p>I'm a post-MBA consultant; I kind of hate it to be honest and am pretty miserable. I love the juniors, but the seniors are unreasonable and unfair and the pressure, stress and expectations are just too much. There are only about 3 case leaders and 1 partner that I've enjoyed working with; the rest make life miserable.</p>
    Hi Anonymous, I definitely don't think 20 months is too early to leave the job. Generally at MBB there tends to be a pretty significant exodus at the ~2 year mark, either to industry, finance, or to work at / start th ... (read entire answer)
    4
    4
    Answers
    3.4 k
    Views
    5
    Total Upvotes
    on Sep 02, 2020
    Last Activity

    Exit Opportunities for M&A Strategy / DD focused teams? (Tier 2 Consulting)

    Commercial Due Dilligence Corporate Strategy exit M&A
    Most recent answer on Jul 26, 2020
    Anonymous gave the best answer on Jul 25, 2020
    <p>Was wondering if exit opportunities to corporate strategy / industry are still viable from M&amp;A Strat / DD focused groups at T2 consulting firms in the UK? As an add on - would one be limited to say only midcap companies, with the larger companies being reserved for MBB / corpstrat teams?</p>
    Dear A, I know many colleagues of mine have exited from DD practice into the Private Equity and Investment Funds as well as venture capital firms on the top positions, directors and above. So I would say that the exit ... (read entire answer)
    2
    2
    Answers
    1.2 k
    Views
    9
    Total Upvotes
    on Jul 26, 2020
    Last Activity

    Do you think people's capabilities are vastly different at your office? And thus exits are different

    exit MBB
    Most recent answer on Jun 16, 2020
    <p>Do you think people's capabilities are vastly different at your office?Some people are very successful after and become CEO, and some are not. It seems to me that being at MBB is similar to being at an Ivy, a golden ticket but not everybody can make it to somebody.</p>
    Hello! First of all, and also reading other comments on the post, I challenge you to define what "smart" is for a person. I think that we are far too narrowed on our defitions, since it´s proven there are over 10 t ... (read entire answer)
    9
    9
    Answers
    673
    Views
    40
    Total Upvotes
    on Jun 16, 2020
    Last Activity
    1 - 20 of 38 results