Any consultants on Veeky Forums?
Currently work as a business analyst for a tech startup, and am considering transferring into consulting, I get the feeling the skillset would transfer well.
What's it like to work as a management consultant? And what's the money like?
freelance or thru a big boy ?
why dont you like the biz analyst at the startup position? Also, what did you study to get the job?
I think the hours in the big boys are crazy and the attrition rate very high (pyramid of promotion and layoffs)
I'm actually applying for a Management Consulting job at PwC now, can somebody please give me any tips to land it, i'm coming from a A/R background and was a Ex-english teacher.
Anything will be appreciated
What skillset do you think will transfer well OP? and do u have friends there?
B U M P
U
M
P
Don't know the job.
Shitty job experience.
Think he can do it.
Typical Veeky Forums.
IB/MC is for elite.
Your are not.
Now f**k off.
If you have a decent degree and are good at tests/assessment centres you might get a graduate post and the life sucked out of you for 5 years.
Lmao look at this fuccboi. Ur boring pointless life getting to ya hey?
Dixit le Ex-english teacher dreaming of pwc.
Stop projecting yourself and enjoy being rejected.
Not everybody is made to be a consultant.
>being this much of a sadcunt
It's called having broad interests and being versatile. The english school was my own business started by me and my Chinese partner, teaching's one of my passions - and it's time to apply that to a new scale.
Don't do the same thing for 25 years and calling that a life.
> 2016
> Still doesn't understand "consultant" = contractor
Obama changed the permanent employment landscape with Obamacare.
Now companies hire 80% of their employees as contractors instead of going to perm. Contracting HR companies absorb the cost & legal responsibility of an 'employee' while the hiring companies themselves are shielded.
For example, Cisco & Microsoft use contractors & 3rd party headhunters exclusively to avoid Obamacare penalties.
This gives corporations the ultimate "try before you buy" option on employees and hurts employee stability.
One consequence Nobody expected when voting on "obamacare" years ago.
Just like the ignorant brexit voters. No fucking idea what they're actually voting on or the effects
In my experience consultant > contracter. They get paid more and usually have to travel more.
Jack of all trades, master of none.
Keep telling that to yourself buddy.
Jack of all trades > Master of mediocrity.
Honestly in today's world, those lines are merging.
What you're talking about is "managed services" like Accenture or Anderson Consolting ... in the days of old.
That business model has dies or is in its death throes...
>Jack of all trades > Master of mediocrity.
Social skills/soft skills = Jack of all trades is good
Hard skills/tech skills = jack of all trades just means you're too dumb to dive deep
Yes I actually worked for accenture fed at a delivery center. On some projects we would work with the accenture llp and they were known as traveling consultants and we were just contractors. They make more and travel more. You think this model is dying? How so?
I'm a consultant for a healthcare boutique. We get hired out by teams like Accenture when they get involved with a healthcare client and lack the nuts and bolts to address issues which go deeper than systemic.
Whoever is advocating for Jack of all trades master of none is right. If you want to be on-site, making decisions, delegating, and making bank social skills are paramount.
Specialists who lack soft skills are stuck in offices across the country hammering away at computers doing analysis work. Still get paid well, but like upper five digits instead of upper 100s/lower 200s like us.
The difference is someone with one useable skill is significantly more interchangeable than us. If one of them quits we'll get some other STEM kid. If I quit or one of my colleagues the firm will have a much harder time replacing us and it would damage the in person relationships we've developed with clients.
Hope this helps. Let me know if you have any questions.
What kind of issues do your customers face that they can't solve but you can? Do you have access to resources they don't?
How does management consulting works? Are these consultants management geniusses, are their clients just that bad at it?
ment for I'm clearly retarded.
Use the clients' watch to tell them the time.
idiot pol disregard
you dont have a chance straight up. management consulting is for people that have worked with/for the c suite. accounts receivable is not that. look for another job.
This.
how can some outsider possible advise a company's management on how to run their company?
So as a STEM kid in college, how do I differentiate myself as not another analyst? Is it a matter of finding the right job at graduation? I'm worried I'll take some technical position and pigeonhole myself as someone who lacks soft skills.
How did you get into consulting?
Is there anything that makes it easier to get into consulting? Maybe get certified someway?
As I explained, the new affordable heath care act shifted large penalties to corporations who don't comply.
As a result of the extra cost, large corporations simply outsource their HR to "HR vendors" who take legal responsibility for your hiring and benefits.
Maybe there are other HR specialists here on Veeky Forums but this is the unintended consequence of affrodable care.
Kinda like the Brexit vote. Idiots voting have no idea what the true business consequences are.
Stay ignorant my friend.
Former consultant here. It was fun for a while. The money isn't good until you make partner in 12-never years. Work pretty much transfers over but expect to spend 3x as much time making Powerpoint decks. You'll do well if you're a natural salesman, otherwise be prepared to reach your limit in a couple years.
What if you aren't so sales inclined?
I enjoy talking in front of people but I'm not very sociable, what's your take on that? Is consulting still a good choice?
Consulting might be a good choice for you for 2 years +/- to get it on your resume, but you aren't going to rise up through the ranks. Partners at any of the big consulting firms have targets of 10 million + in revenue per year. The way you get that revenue is by selling projects to your clients. Sociability is a skill that you will learn.
>business school grad student
>junior analyst/consultant position at a boutique management consulting firm
Any tips on how to transition from the boutique to one of the largest management consulting companies?
KPMG, PWC, and EY are looking attractive since I'm studying accounting/finance, but I'm interested to lean more into the strategy consulting field.
I spent 3.5 years at ACN. Big 4 consulting is gold on the resume. If you stay there longer than 5 years it's because you drank the kool-aid and enjoy being underpaid and overworked.
It's great for when you're fresh out of college. Do it for a few years and leverage a larger offer. When I left ACN I got a 75% pay raise. They tried to counter offer with 10% and I had to withhold my laughter.
Dude, same here. Got a 50% bump instead though. Only worked at Accenture for 2 years though.
Amazing, isn't it? I still know people there deep throating that kool-aid teat. Been out of ACN for 3 years, it would have taken me closer to probably 8 there to make what I'm making now, and that includes a lot of 60 hour weeks and soul-selling.
you're right about the elite thing, but having connections isn't a skill. those are some weird mental gymnastics
most of them can't. some companies are poorly run though. I don't mean poorly run in terms of them being stupid, I mean in terms of bureaucratic lifestyles the infighting and rent sinking has killed it, and outsiders are necessary for restructuring in such a case.
half the time though, they're just finding ways t fudge GAAP to maximize valuations when the company is bought and resold.
so basically, they do nothing.
Has anyone heard of Sam Ovens?
you'll probably not end up in a management consultancy at these sorts of firms but rather a more technology orientated consultancy position
a friend of mine moved from a consultancy role in the professional services arm of a financial software firm to a consultancy role at Accenture... he now regrets it - they don't really do anything, it is essentially a career in bullshit - not much value added yet the ability to throw a bunch of new grads at a project and bill the client a fortune is impressive
I think if you want any sort of career satisfaction and are competent technically in addition to having the required Eq/soft skills then stick with the BA type roles or move into a technical consultancy position. Pre-sales/Sales within a software firm is also a decent role and can be quite lucrative (up to seven figure bonuses at the higher end once you're leading whole teams on pitches of big enterprise system)
if you're going down the more generic consultancy route then be prepared for lots more internal politics, lots o bullshitting and not much actual job satisfaction - the money could compensate for this if you survive but there are other ways of making money while actually adding real value
completely depends
in some sectors if you're an independent contractor then you can earn a fortune... the consultancies can charge a higher daily rate but the individual consultant will see much much less of it and still be paid less than the individual contractor
consultancy is only worthwhile if you survive and climb the pyramid
> it is essentially a career in bullshit - not much value added yet the ability to throw a bunch of new grads at a project and bill the client a fortune is impressive
Yeah this is insanely accurate. As I said previously, it looks incredible on a resume though. Your buddy won't regret it when he sees the job offers when he decides to leave.
I know a guy who had a first a job as Civil Engineer then I guess he got a job at Accenture and moved to KPMG. Interesting career moves. Random anecdote.
well he did have another good offer for a risk BA position at a large European bank at the same time as he got the Accenture offer... though yeah I'm sure you're probably correct in that the brand name at least won't do him any harm if he leaves in a year or so
Working at booz Allen right now.
Is a degree in Information Systems good enough to land a job with a big 4 firm?
Worked as an environmental/geological/energy consultant for a while. I enjoyed it, but always felt like the client could do the job themselves for half the price
>first person in working-class family to go to college
>top student in quality high school; excelled at math/science
>apply to only one school and get accepted into engineering
>finally get to the engineering courses junior year
>it's fucking gut wrenchingly boring
>can't transfer credits elsewhere due to program structure. would probably have to start all over
>end up salvaging undergrad credits in their small business school with a business management degree
So I'm done now but I have no direction. I have a business management degree composed of high-level math/science, lean/sixsigma courses, and a series of finance courses. I have limited programming experience (matlab/sql) but am very adept to learning it.
What sort of entry level positions would Veeky Forums recommend? How can I leverage my tougher coursework to help me find a role in the business world? I figure some sort of business analyst role would be a good place to start. I live near chicago.
Mostly, the people who hire consultants are looking to get them to say things to senior management that they can't, for political reasons.
leave biz and don't come back you useless cunt
Yes, but it depends on what you are trying to land. Big 4 in general are accounting firms and they want you to be eligible for your CPA if you're involved in Accounting. If you're in IS, they may expect a CISA from you if you plan on doing some kind of audit whether Accounting audit or IT audit.
Why does that look so great on the resume?
You mentioned the Brexit vote twice and called people idiots. Elaborate.