Not sure if that throws off the algorithms for job application? What are the benefits of leaving consulting for private equity? It is said that an operations consulting firm is a hybrid between management consulting and more typical consulting companies. 3 offers lined up, all in NY/NJ: 1-Pharma strategy:180 base, 50 sign on, 30% bonus, 210 vested over 3 years 2-Pharma strategy #2 (smaller company): 150 base, 20 sign on, 50% bonus, 50 stock up front, 150 vested over 3 years 3-Payer strategy: 210 base, 30% bonus, no stock, Manager, Strategy role in PMP, $380K all in. Would it be possible for you to expand on the insurance strategy position? Consulting firms are feeders to strategy groups at large Fortune 500s – from Pepsi to Siemens, from Citigroup to Target. Since we have a mix of tech people and MBA people, would be great to see the feedback on what you guys think of MBB data scientist consultants and whether exit opportunities are good. Size of Business (e.g., startup, F500): Top 10 Pharma, Role: Director of Analytics (Therapeutic Area), Compensation (e.g., salary, bonus, stock): $175K salary, 15% bonus, $50K annual stock grant (5 year vesting), Size of Business (e.g., startup, F500): Very small, Compensation (e.g., salary, bonus, stock): $150K salary, 30% bonus, $60k one-time stock grant. Money was good, but I also really loved the exec team, the trajectory of the role and the industry, and the fact that I didn't have to move. You'll need to create an application token; the doc shows you how. Might not be able to jump directly to PE/VC afterwards, but I think I would have opportunities to move into a valuations/M&A role and … 4 Like. These relationships are mutually beneficial, as Fortune 500 companies hire consultants to support their own strategy work. card. best part is definitely lifestyle. If you want to take this on yourself and/or want to learn how to code, you can use the Reddit API to extract each post from this page and then use the Google Sheets API to (a) create a new sheet, if one doesn't exist, and (b) parse the information from the body of each post onto cells within the sheet. Alexandra Nuth . 300k all in and likely to make VP this year. The least typical of consulting exit opportunities. Consultants are well-suited for private equity jobs – but they need to pick their spots. Why? For instance, Cornerstone – with its economics research focus – is great for prospective Economics PhDs. NJ Pharma $185K base, $35K sign-on, up to 40% bonus. IDK if it's cause of my resume. Sort by. For example, Investment Bankers moving into Private Equity, or a Research Sell-side analyst moving into a Buy-Side Analyst profile : Become senior executives in the sector you are consulting: Networking Opportunities: Mostly work within the Financial Industry. Consulting provides a strong platform for entrepreneurs – you’re exposed to multiple industries, complex business problems, and a wide network of business-savvy people. 11 Comments Share 1 . Like. What are the best consulting firms to enter private equity? Exit opportunities from doing tax in public accounting are doing tax at a smaller firm, opening up your own firm, doing tax planning, tax consulting, wealth management, estate/wealth management, corporate tax, and the like. This is an older article, so consider the percentages to be directionally correct. I recently received an offer from an FP&A software partner for a role helping to implement software with new clients. It’s good to look at: If you’re interested in Masters/PhD programs, look at companies that specialize in that particular topic if applicable. You should keep this in a Google Sheet and have the mods sticky it. There are independent nonprofit consulting firms that offer flex-work arrangements regardless of your background as long as you have a valuable skillset. Outside of strategy, consultants are a good fit in roles requiring research, analytics, project coordination, and personnel management. Base 160k, 30k sign-on, 300k in equity over 4 years. Management consulting can be a rewarding career, but at some point you may feel like it’s time to move on. Once done, type ruby /tmp/reddit.rb to run. 1.1k comments . If you want to work in PE and have the opportunity, take it now. i had people genuinely shocked when I mentioned I worked until 9 pm one day (most days wrap up by 5:30). US MC perspectives. ChronicConsultant. 2 Like. This thread is archived. Turned down offer at a late stage startup in San Francisco. Impressive exit opportunities. If so please share role & offer amount . Data/Analytics Consulting Exit Opps? I'm having issues breaking out from consulting. Dear A, First of all, my congratulations t your McKinsey offer. East coast pharma 230K all in (170 Base+20 bonus, 20 stock), West coast provider (160 base+20 bonus, 20 stock). The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Consulting can position an applicant well for the best universities – particularly for MBA programs. It would be really great if you could share your thoughts on this :) Hi PrepLounge community! Those that do gravitate towards diverse roles, from advising political candidates to direct political appointments (witness Nancy Killefer’s failed attempt to become Obama’s Chief Performance Officer) to campaign work. 2. I have two kids and there are great schools in the area. $295k plus 17.5% bonus (performance hurdle), TMT industry, GM. save. Many consultants pursue political careers – Bobby Jindal (ex-McKinsey) and Mitt Romney (ex-Bain) are 2 visible examples. Many undergraduate consulting hires pursue graduate school after a few years. A Reddit for consultants! 9 months. Cookies help us deliver our Services. Accepted an offer - DC area retail bank. Benefits of corporate roles include a lighter work day, a more stable work environment, and potential to build an operating skillset. Advisory careers with a company like KPMG can be extremely fruitful. by. This can be a great way to get your feet wet. Start a company – this is common across tenures. This will usually hold true across all Big 4 accounting firms. The majority pursue business school, with law school and Masters/PhD programs coming in 2nd and 3rd, respectively. These roles are flexible, prize business skills, and provide upward mobility. Compensation (e.g., salary, bonus, stock): I'll start, turned downed an offer for $165k + 35% target bonus (near guaranteed), with bonus opportunity up to 150% depending on performance. Advisory. Focus on funds where consulting skillsets are valued. Software consulting exit opportunities? Getting into the big 4, especially in audit, can make for a very promising career. Consulting Exit Opportunities Has anyone been hired at Microsoft recently? Which consulting firms are best depends on your intended academic path. PE offers better pay, great prestige, and an opportunity to work on industry-shaping deals. Accepted offer - $225k base, $20k-$40k variable, $20k sign on as director of professional services for prominent big data/analytics company. Even now, 5 years after I left Consulting, head hunters still contact me on Linkedin to point out interesting opportunities #9 - You'll earn a lot of money: consulting is also known as a very well-paid industry. 6 Like. Rising. Post here for basic questions, recruitment advice, resume reviews, questions about firms or general insecurity (Q1 2021) 75. By using our Services or clicking I agree, you agree to our use of cookies. 3 Comments Share. Standard exit opportunities are any credit-related funds… distressed, high-yield, mezzanine, turnaround PE, things like that. architect), Tool/Vendor Analysis.. With this kind of background, what exit opportunities are there? Strategy gig. A community for consultants and those interested in consulting, Rule 1: Post must be relevant to consulting, Rule 2: Recruitment / Info about Firms posts. 1 Like. These rankings help to build a picture of the firms consultants find the most amenable to a fulfilling, satisfying work experience. Posting as : works at Ogilvy Advertising Thoughts on Alex Ohanian's resignation from the reddit board and urging the board to fill that position with a black candidate? This is a great opportunity to join the firm. Often paid-in-full by their firms (with the agreement to return post-matriculation for several years), it affords a break from the intensity of daily consulting work and an opportunity to pause before moving on to “phase 2″ of their careers. FLundertow CO. Rank: King Kong | 1,342 Subscribe . Hot New Top Rising. Didn't happen to me, so I'm unable to fill out your form, but everyone who leaves at our firm (MBB) seems to become "Director of Strategy" for national banks, airlines and telcos. No-one is leaving for a pay cut, so they say at Friday drinks. My first thought is that that seems like a pretty low salary for a large company/3 years in consulting, Background Firm: OW Role: SC Years in Consulting: 2 Highest Degree: UG, Exit 1 Industry: Fintech Size of Business (e.g., startup, F500): Startup, late Role: VP Analytics Compensation (e.g., salary, bonus, stock): $150K + 30%/a stock options (3 year vest), Exit 2 Industry:PE Size of Business (e.g., startup, F500): Midmarket Role: Associate Compensation (e.g., salary, bonus, stock): $200K + ~50% bonus in good years. Many consulting firms offer nonprofit consulting cases as a perk. For instance, an associate consultant in the New York office will generally earn more than an audit associate in the Tokyo office. Job security is a plus: Average tenure is ~8 years with great step-up exits if people do chose to leave. MBB Manager Exits. Basically, anything in the field of tax. Golden Gate Capital is one example. Much easier to parse than a long list of threads. As a top-tier consultant, you gain experience working across lots of different sectors and functions and this variety means you often have relevant and transferable skills for many different types of industries and roles. Consulting is a strong springboard to many other careers, so often consultants are able to land a number of exciting roles post-consulting. I'm assuming you didn't do two years out of UG and then get VP offers at 24 years old. Chat freely, and get honest advice and support from other verified professionals in your industry The Big 4 Accounting Firm Salaries . #1 Big 4 Advisory exit opportunities after 3 years 11/11/2017 14:04. For business and law school, aim for the top strategy consultancies. Careers at places like Bloomberg, the NBA, Spotify, etc. Consulting Exit Opportunities New Member. Why? Investment Banking Exit Opportunities – Investment banking is not for the faint-hearted. Consultants tend to be around for longer here than in other areas of the consulting business. Because I'm bored and am waiting for my Docker images to pull over this "premium" Hilton Wi-Fi connection and I genuinely believe that everyone should learn this shit. Posted by. I'm referring to the DS positions I see from BCG Gamma, QuantumBlack (acquired by McK), etc. I took this path upon leaving McKinsey. According to another alumni in the company work rarely exceeds 40 hours per week and is commonly less. So I recently accepted an offer to jump over into the consulting industry, with a smaller firm that focuses on data and analytics consulting for F500 companies. 2Y. If you're on a Mac, open Terminal, then when Terminal opens, type nano, paste the below into the window, then press Control + W and save it to /tmp/reddit.rb then Control + X to exit. Adding more data points. 97% Upvoted . card classic compact. My programme is a 2 year rotational one, but after I complete it I think I would like to specialise in strategy (though we will see). This is another industry where entering before business school is easier than after. A career in audit can also lead to a lucrative future with great livability, but it doesn't come without its obstacles. I am so going home to 'Ruby after procrastinating at the gym. Investing (2 days ago) Operations consulting exit opportunities. share. MBA? Few consultants enter politics and government service directly. This role is at a top consulting firm, not MBB but think Big 4 or similar, and having it on my resume is a good start and I'd gain some good experience. level 1. This doesn’t mean that they weren’t good at what they did; they may have discovered new opportunities for attaining their life goals.
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