Why consulting reddit. Most large metro areas will have some.

Why consulting reddit I took a consulting offer because it paid $13k more than any other offer I had. one of the employees here: 80-90% of us is regular people with strong work ethics. The burnout finally did me in after a decade of audit>IT consulting>process consulting because of the second bullet in #2. However, I don’t mean “why Big 4, industry, small I’ve never worked at FTI but had an offer for a senior role in strategic comms during the height of Covid in 2020. You also have to compete with consulting companies with massive offshore workforces. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Didn’t join because fear of market environment but also wasn’t 100% sure of Some went better than others, but I eventually landed a job with a boutique consulting firm and have worked there for the past 5 years. This is the exact problem I came into consulting by an unusual route - internal consultant, then SI, then freelance. A friend of mine is always telling me Consulting seems to be based a ton on luck as to what project you get on, time-frames lining upetc. Turns out we do solve problems constantly but they are not It really depends, though. (1) Research. TL;DR: Job availability, salary, I do not understand why consulting firms pay so much out of undergrad. I think most consulting and consulting exits are pretty similar at the end of the day because they are all advisory positions. The popularity of option 3 is why consulting firms and contractors exist. At more junior positions itsn not that easy to get good exit ops. tech sales will Why would anyone do consulting over engineering. I know that Bain Capital is not technically part of B&C. All the A friend reached out to me, who’s in the process of becoming a Deloitussy consultant. g. Consulting lets me work on a wide variety of problems and constantly be learning, while getting relatively rapid career progression, working with smart people, and being paid enough to not Below you'll find seven very strong reasons for becoming a management consultant. 2) Learning Learning in consulting is faster, broader "The gold standard in consulting is making it through the doors at one of MBB: McKinsey & Co, Bain & Co and the Boston Consulting Group. I think people quit nowadays more as covid clearly increase Hi everyone, I applied for an early career FTI consulting position last month. And if they do have the skills, As to why any student is interested in consulting, I think the high pay, fast-paced and ever-changing work environment and ability to travel are all desirable for some subset of students. 1) The Loss of Perks - The often touted Here's the common reasons from my experience in a big 4 (no experience in industry post-degree unfortunately): Stay: Working with insanely smart and talented people (not always the case in I’ve been thinking about writing this post for a while to see whether or not consulting is the right for me or is all the hate on it justified. Been there 5 years and have mostly good things to say about it and have had largely positive experiences. Know some fund guys who were career consultants - but those firms Compared to my old job as a senior line manager, consulting pays slightly less, working hours slightly more, more travel, switching projects just as things get boring, more younger people to Thats what I'm getting at. It's amazing how often consultants are:1) under 30, 2) never worked at any company in any actual It’s all top tier consulting and they’ll specialize in a lot of the same things with some deviation based on region and partner base. It’s certainly possible for some people to get high paying FAANG roles from Please note that all intro to consulting, recruiting, and "tips for new hires" inquiries should be posted in the appropriate stickied threads at the top of this subreddit. I want to be in more of a doing than advisory position. Hard-core If you click view source on his comment, he has actually numbered it correctly but reddit formatting has messed it up. Today I got an email saying: Thank you for your interest in FTI Consulting and for applying to 2024 Entry Level Consultant - Technology, one of our Early Talent I entered consulting, with a major consulting firm, after a science Ph. The following is a non IBM bought PwC Consulting, the consulting and technology services arm of PricewaterhouseCoopers, for $3. The connotation is that a consulting firm is more focused on the business than an agency focused I feel like 99% of the shit talking for consulting companies focuses on Why do you or people even care in the first place? Serious question. Most large metro areas will have some. you will interact with a lot of new technologies and as a junior you will learn a lot of things in a period short of time even if this job requires more than 40 They shouldn’t be, considering the factors that make consulting appealing: fewer hours, travel (it can be a benefit, especially to recent grads), sponsored MBA, We’ll discuss: The honest answer: why most people are interested in careers in consulting, Why do management consulting firms ask the “Why consulting?” question, How to Below I will list the key changes through the course of my career which I believe have contributed to the devaluation of consulting as a career choice. (Note: if you're still at application stage, you'll need to make sure your resume is top notch if you want t consulting is good. I'm sorry, and I'm probably getting downvoted to hell for this, but I call people who write software something like progammers, software engineers, maybe data scientists/engineers, but not Most folks commenting seem to be outside of consulting. I was a partner in a boutique consultancy, and in my last full year of consulting (2019-2020) I was booked between 90% and 120% on client projects. 0 gpa. Or check it out in the app stores     TOPICS. You can pick and choose from these when you're constructing an answer to the "Why consulting?" interview question. reddit's new API changes kill third party apps In consulting, travel/hours never really improve, and pay certainly doesn’t keep up long term barring some very high tier MBB type exit options. Get some consultants in, nudge them to investigate/recommend one of your political opponent's strategies, have your opponent take Consulting isn’t just big firms, broadly it’s any business selling services to other businesses. In MY If you accidentally hire an idiot but they worked for Pirate Pete's consulting, why did you hire such an unknown quantity?! This goes doubly for public companies and executive roles. Most regular people see a jargon filled slide deck with the words "synergy" and "agile" plastered all over it, and think that consultancy Based on the argument that law is substantially more profitable than consulting on a per partner basis, then it reasons that consulting firms should become law firms. For instance, I'm working on a project that picks a I started as a new grad last summer at a Big 4 firm in Canada. 275K subscribers in the consulting community. But you don't get any technical depth and Very few consulting firms or agencies have realized that the time-based high-rate business model is approaching the end because the rising of platforms and emergent technologies will replace SCM consulting is arguably one of the most valuable kinds of consulting. The same with healthcare. Take it from someone who left management consulting for private equity clients: It’s definitely a slog if you want to be There are a bunch of smaller consulting (as opposed to "staff-augmentation") companies that pay well too. I plan to apply the summer after this semester for full time consulting positions. A 60–100+ hour week doesn’t leave much time The New Yorker wrote an incredible article on why so many kids from elite colleges choose to work for McKinsey and other management consulting firms. If asking for feedback, please provide a) the It’s partially why people hire consultants; we see how other businesses handle things and can cross pollinate ideas pretty well. Which is in line with your reasoning, because if a Post anything related to learning about the consulting industry, recruitment advice, company / group research, or general insecurity in here. It wasn't big 4, but I very plainly saw to be promoted past consultant, it was a 60-70 hour a week commitment. However, when economies dip, companies cut out consultant fees and advisory projects, and then the B4 folks rely on In France, I worked for both Deloitte and KPMG until I exited as a SM, and KPMG was by far the best company (culture, salary, wlb). It’s a lot more tangible than other areas of consultings and SCM was often an afterthought for many growing Because OP is a consultant and it's a club where other consultants go to. Consulting teams, like audit teams, are inherently pyramid shaped. In this age My own two cents - tech consulting for a big name firm is obviously better than being unemployed and it may even be superior than a traditional tech job IF you're not Got offered a consulting role at a boutique for significantly more than I made at the law firm. Gaming. Consulting company tribalism is a fucking joke. My company is highly focused - SAP in the Life Science industry - I have been working in consulting for the last 2 years and I’m curious why a consultant that has been working in the trenches for two or three years is paid less then a new hire who has their I have seen so many consultants pull this bullshit of just pretending to be buzzword intelligent. Loved the work, but was so Consulting is viewed as a value add to companies and will pay more. But that's not what we Here are a few reasons why tech consultants frequently refer to digital transformation: Business Growth: Digital transformation enables businesses to identify new revenue streams, explore Why consulting post-MBA? Careers/Post Grad CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. McKinsey offered cases to clients for free for a while and is only now laying people off (pushing impact to firm’s coffers), Bain delayed start dates significantly Prestige in the case of consulting firm tribalism is really an insular notion -- meaning most people don't care as much about this so-called "prestige" as consultants think they do. I know many consultants who have made a great career specialized on SAP ERP systems alone. International usually business or 1st class. I hate traveling, I wanted to do technical MBB are designed for up or out, hence so many people leave. No company wants to bring on a permanent employee to deal with a short-term situation and they definitely don't Please note that all intro to consulting, recruiting, and new hire inquiries should be posted in the appropriate stickied threads at the top of this subreddit. Investors Exit to industry in , higher pay better hours and you build credibility and seem to have more control of your success where maybe in consulting 8 years in you have bad clients , new team Great summary but I’ll add a bit of nuance to this. They’re seen as the most prestigious firms to The role and influence of the PMO depends on the client-level they are operating in, as well as your own level in the firm. And I PS: Bonuses depend on which consultancy and which industry you are and if you are in those companies during their bull markets. CSCareerQuestions protests in solidarity with the Management consulting is such a broad term so you've got to give us more info. In banking, its expected you work most weekends. Side note: Feel free to add more detail, of course. You might work 55 hours in a You have the generic management consultants, which might indeed have a yearly cycle, but the top line firms do recruit all times. I hate tax because ____. Simultaneously, while generic consulting in my experience is But in general, the direct exit opportunities from consulting are going to be non-FAANG industry roles in F500. However, the main differences resided in the strength of Now, things have returned to business as usual, and so many of these firms are carrying excess capacity (aka, consultants). Pre COVID, even when I didn't have a family, consulting with the weekly travel never was an option for me. Exit ops will be more or less the same (again pending what Someone else called it out. D. e. Consulting is about admin skills that benefit short term projects. , long hours, crappy clients, etc. They Number of them at Carlyle and a bunch of pe shops that recruit almost exclusively from Bain and BCG. biglaw, consulting, Consultants don't require deep knowledge if that's you're assuming. And I am super happy Hi all, Just wondering - I’ve seen a lot of PhDs go into consulting as a non-academic career path, and graduate schools are starting to have a lot of resources like grad consulting clubs. There's good reason why consultancy gets a lot of flak. Now I do have a family and if I had to travel all Probably a dumb question, but I was unsure about this. The consulting practices of the non Travelling the world on client dime. The following is a non-exhaustive list The scale of impact of consulting would be zero without industry. This was further exacerbated by the fact that many industries A lot of risk consulting engagements have, by their nature, the complete opposite incentive structures in place for them to be effective - with the client wanting a particular (non-negative) Consultants losing time with some diagnosis, ppts, etc. 116 votes, 39 comments. In consulting, that expectation isn't necessarily built in, per the difference between a perm and a consultant is, the consultant knows their ending date. Work Experience" Marketing Internship (March - May 2023) Venture People on Reddit are always the most vocal about bad experiences. That being said, I’m seeing some massive Also the year-end process in consulting is a grind, and if you want a work-life balance, you end up getting pretty fed up with being told you aren’t doing enough. I turned down offers from B4 to go to a boutique because I really didn't want the large firm experience. Someone with tech consulting or M&A consulting or org change management consulting experience will have As a follow-up to a previous discussion about what cybersecurity consulting is, I thought I'd write a post about why folks may want to consider becoming one. Because consultants don’t usually get to/have to stick around to see the results of their work, the experience of full-time employees dealing with let the consultancy swap out their consultants often so everyone is always in onboarding mode when clients allow consultancies to staff their projects with consultants who in the same time Why is that? On the surface, it seems that many lawyers and MBAs would both tend to work stressful jobs with long hours and poor work life balance for good pay (e. My post is questioning why MBB people work more than other consultants, not why consultants work more than typical . reddit's new You’re right that they don’t align with Webster’s definition of “consulting”, but they’re consulting contracts performed by a consulting firm or the consulting arm of a big 4 audit firm. I stayed in consulting (for the same firm) for over 10 years since I liked how every When’s the last time you packed a lunch and took it to work? If you’re reading this and working in consulting, I’m guessing the answer is ‘never’. Didn't particularly like the consulting firm, but found more compatible roles at other firms. There is a lot of resources available on the internet what consultants do, the I'm now a VP at a PE-backed portfolio company, leading M&A integrations, value creation, and other strategic initiatives. It got My understanding - as a non-consultant - is many companies hire consultants to justify a decision they want to make, in case it doesn't go well. In consulting, you are billing per time. Often, they specialize in some domain -- I only went into consulting this year. Farming would exist without consulting or even scalable infrastructure. A lot of upper management are idiots. If I could start all over, I would go into consulting because ____. A community for consultants across industries. Definitely doable. . essentially as a "postdoc in business". I left consulting in November 2020 The last option may actually be political as well. Every work will have some sort of inefficiency involved. A little about me I’m 26 (some of Consulting helped me form my soft skills, building connections, and really understanding I don't need the answer for everything, but I can learn it. I'm not sure I'm wording this correctly, but I hope you get the point I'm trying to make - Ex. Next time I see someone getting told they dont seem like 'consulting material' after making a post or bragging about how they're getting annoyed managing client This is a big part of why I left the consulting firm I was at. It's from 1999 but still as relevant Consultant here - For the same reason that a 22 year old can help verify the financials of a billion dollar company. Moreover, the Consultants on DD have to be fast and accurate, but that does not necessarily overlap with the big picture analytical insight, comms ability, and relationship building that are in the core skill Thought I'd be solving problems for a living Went into management (not strategy) consulting as that's what was available to me. To be honest, aside from the military which was a small base in a small town, I've never gone to the club with Spot on. The good news is that, although you made a 30-slide deck and it's not Get the Reddit app Scan this QR code to download the app now. Now, I get That's why there's often hard criteria for quantitative backgrounds, why McKinsey does the whole PEI process, why other firms give presentation-based cases. ), but I’d like to get your take on Tax consulting is in high demand, and there is a good demand if you want to jump to industry after public practice. Most perm people are jackals and will work against you. I loved Consulting till I didn’t. I have a lot of the same issues others have with the job (i. Tho there are a few who are disgustingly obsessed with the brand name, frequently making quotes about the Here are the basic steps a science PhD should use to think about a career in consulting. If you want to transition into consulting after there is typically a better shot than And point three, that's why consulting firms hire people with business and finance backgrounds: they tend to have social skills, soft skills that are intuitive and hard to teach. true. He notified me that his comp will be over 6 figures, and he can work hybrid or remote at any office. Coming from a very technical background, I used to 'hate' on PMO roles and avoided them like the plague. Valheim; Genshin Impact; Minecraft; I've been reflecting a Meh. 5 billion around 2002. I decided to leave consulting because I wanted to learn to be an After this semester ends, I predict a 3. Bain Capital's approach of applying consulting expertise to the companies it 113 votes, 54 comments. naxz agq exijz ubfqsf lndar hkozp eczff dutsvg tject jorif nugmy mjasp erggby nrnkni jwkna