What are real alternatives to MBB firms?

Anonymous A asked on Jan 24, 2017 - 3 answers

Soo, my situation is the following: I failed two of my MBB interviews in the final round, and now have only one chance left. While I am convinced I have what it takes to become part of MBB, am very determined to work for MBB, after two rejections, naturally, I am a bit discouraged. In two weeks my last interview is scheduled. To reduce the pressure on myself, I want to think of alternatives. The reason for my "obsession" with MBB are the career opportunities it will give me, the travels, salary and must admit the prestige as well. So I am asking you guys: what are real alternatives to MBB firms? I'd appreciate if you could share your opinion! Thanks :-)

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Anonymous replied on Jan 25, 2017

I felt the same when going through my interviews. Consulting is a career accelerator but it is definitely not the only one.

In my opinion, some real alternatives to MBB are:

  1. Consolidated tech companies (e.g. Facebook, Google, LinkedIn)
  2. New, fast-growth tech companies (e.g. Uber, Deliveroo, Tesla)
  3. Entrepreneurial programs (e.g. EntrepreneurFirst, Rocket Internet)
  4. Entrepreneurial adventures (e.g. joining a 10 person start-up in Shangai, and really taking ownership for its development)
  5. Investment banking (e.g. Goldman Sachs)

Now that you know that not getting into MBB is not the end of the world, I hope you can take a step back and make the most of the opportunity you have. You are clearly doing extremely well, having reached final round in all MBB firms, keep on preparing and have fun!

If you have any other questions send me a message. I know the feeling and I am sure I'll be able to help.

Anonymous C replied on Jan 31, 2017

Don't fixate only on the 3 MBB! There are many consulting firms that have their own advantages as compared to MBB. If you actually want to do this type of job, I would recommend you to apply to inhouse consultancies, like DHL. It is very international. Oliver Wyman, AT Kearney, RB, OC&C, stern stewart, strategy& could be options.

Otherwise, Ignacio gave a really good answer with other options where you get similar benefits, experience abroad etc.

Anonymous B replied on Jan 24, 2017

Did you apply to other consultancies or only MBB?! I think it’s best to apply to smaller consulting firms first and climb up the interview level and schedule interviews with MBB at the end when you already very experienced… Anyway don't take it too serious if you don't get it, there are so many other options that also give you those career opportunitiest, travel, salary.

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