Internal Consulting/Strategy?

Considering recruiting FT for an internal strategy role at a big financial services firm. I understand that this kind of role is generally the exit post-MBB, but if I wanted to switch to do consulting in a different industry/get an MBA, how would this role be perceived?

 

Based on the most helpful WSO content, an internal strategy role at a big financial services firm can be a great stepping stone. It's true that many people transition into these roles after a stint at MBB, but that doesn't mean you can't start there.

If you're considering switching to consulting in a different industry or pursuing an MBA in the future, this role could be perceived positively. It would give you a solid foundation in strategic thinking and problem-solving, which are both highly valued in consulting and business school.

However, keep in mind that the specific perception may depend on the reputation of the firm, the projects you work on, and how you leverage your experience. For instance, if you're aiming to move into a strategy role in tech, having relevant industry experience can be a significant advantage.

Remember, every journey is unique and there's no one-size-fits-all answer. It's all about how you make the most of the opportunities that come your way and how you present your experiences to future employers or admissions committees. Good luck!

Sources: Q&A: Corporate Strategy Manager at F100 Entertainment Company (came from Non-MBB Management Consulting), Consulting vs Industry, Cambridge Associates vs Strategy/M&A at F500, Corporate/Tech Strategy Career Path, Post MBA?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

You don't think they could lateral to mbb/t2 when the market heats up again?

 

Ad sit iste consequuntur laudantium corporis ut. Ipsum inventore nulla praesentium veritatis voluptatem ullam esse nihil. A est natus suscipit maiores. Quis perspiciatis ducimus delectus cum.

Quia blanditiis consequatur quibusdam facilis. Iste tenetur sunt veniam sed. Non dolor quas dolorem non. Natus pariatur magni laborum odit et vitae suscipit. Dolorem quas minus blanditiis accusamus ut.

Aut vero necessitatibus natus ipsum quas. Dolorem adipisci aut delectus non sint pariatur. Et numquam consequatur dolor quidem non sequi.

Career Advancement Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

May 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

May 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (153) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (590) $119
  • 1st Year Associate (539) $119
  • NA (15) $119
  • 3rd+ Year Analyst (148) $116
  • Engineer (6) $114
  • 2nd Year Analyst (347) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1050) $87
  • Intern/Summer Associate (190) $83
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”