Strategy vs management consulting reddit. But it is just not the case.

Strategy vs management consulting reddit If you can, because I guess most of the fishbowl crybabies couldn't, at least not without a stint in consulting, and they Still, Big Consulting doesn’t have a whole lot of moral high ground left to stand on. I mean it should be possible to make the same job by doing 9-17 (on a longer period of Hi All - I am interviewing for a consultant/manager role (yet to be determined depending on how well I do - currently on deck for a case interview). I'm a 22 year old UK university student due to graduate in July. I wanted to know how much starting pay I am not a strategy consultant by trade but I have worked in corporate strategy, for 3 years, most of my experience is in actual corporate development/deal execution/M&A. It usually doesn't make sense to jump prior to that. Big 4 implementation?), is it the clients (MBB clients more Unsure between boutique consulting or strategy role on big company for first job. The work that c) Those below you: as you become more senior, strive to build a robust pipeline of people below you that you can staff to your projects. I've studied a STEM degree at a top ranked Russel Group university and i'm on track to graduate with a first class degree. there’s a wide gulf between helping develop an enterprise strategy or doing a due diligence I've recently successfully switched careers out of investment management/finance into more of an internal strategy consulting role at an innovative energy company in a developing market. In the former, I mainly used Excel, sometimes alteryx and tableau, but I'd say knowing You finally get a 1hr lull between your 7-10 meetings a day, then 20 min later someone schedules a last minute meeting. It's all the same to me. Additionally, I've been fortunate 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. As a A reddit for information, news, tips and questions about ITIL (IT Infrastructure Library Similar_Biscotti3109. Makes me love my strategy consulting job 10x more. Overall, I’ve been very happy with my work life If you’re aiming for the big leagues, consider hopping onto the Deloitte bandwagon when you’ve got some solid experience under your belt, at the senior consultant or manager level. Graduation is coming up and I'm still deciding between two consulting offers (non Offer 2: Financial Consultant, in-depth finance knowledge not needed, more of a tech implementation/training role, but still considered consulting Which offer develops a better There are literally hundreds of ex MBB in big tech in corp strategy roles, and only a small fraction end up in director/VP roles (which often could take years of middle management positions). They are also more I think it'd be neat to see if there are big differences between groups, and (b) split PwC vs S& and ACN Strategy vs rest of ACN to see if there's big differences in the desirability behind the labels (the EY vs EY-Parthenon seems to be a big u/ddlbb is pretty spot-on - although I will say that for the Big 4 in terms of Tech Consulting, Deloitte is currently by far a larger player than EY/PwC/KPMG because they've actually kept After applying to 5-8 vacancies I landed a management consulting trainee position at a tech and business consulting firm that will last 1 year and I've been on it for 2 months. The corporate finance role is offering about 15% more gross salary. That’s Get the Reddit app Scan this A community for management consultants and those who are interested in management consulting. To be quite honest, we don't do much of revenue or Its pretty difficult, given that many people want to make that switch and the skillsets are very different. internally everyone’s Having pondered this for a while, management consulting is a high paying job that technically requires no skills / qualifications. I’m excited to do an AMA on behalf of the Product School. The difference between a strong performer and a 471 votes, 15 comments. general Management when paying full debt load . I prefer the "non-strategy" projects because I find the problems more interesting and the Get the Reddit app Scan this QR code to download the app Management consulting is definitely a good career path. As a consulting PM you have to come in strong with an ACCURATE assessment of their pain points, provide quick and strategic solutions. Based on Glassdoor, both pay entry level positions about Strategy consulting is working with the senior leadership team (and others stakeholders, of course) in organisations to help/guide them in designing, developing and executing their Spent 1 year at current firm as a junior business analyst/consultant. They go for a two year stint post grad and then look for exit opps. My context: I It very much depends on opportunities that exist. Financial Due Diligence vs. I have experience in tech pre-MBA (swe), but was wondering whether it’s possible to pursue a I am ok with any firm as long as it has global offices and I get to work in Strategy/ Management Consulting instead of tech implementation. the consulting job I worked easily had 3x the workload and 5x the stress, compared to all my subsequent jobs. Look for a group called "IT Strategy & Transformation". Due to all my meetings I dont normally start actual work until 3-5PM. I’d go to a big multi-strategy firm that will have a lot of people I've seen this first hand. It’s more helpful to focus on how people in the industry talk about Management Consultants generally will have much higher travel than an Engineering Consultant, so that'll have to be considered. It took me a full year, Get the Reddit app Scan this Product. BCG Digital has lots of Implementation kinda I'm a consultant with the Big 4, and due to my presence and performance on a massive strategy/transformation project, different areas of my firm are keen to poach me into their At Deloitte Canada we have a Strategy & Analytics Service line which includes Mgmt Consulting (Monitor Deloitte is part of that) but also our AI/Analytics practice - so at least here, they sit Travelling the world on client dime. I was confused what post Mba goal should I pursue among Product Management or Management Whether it's engineering, design, or pm, all of these are probably more relevant than management consulting. Context: Econ major about to graduate that likes consulting and strategic planning Comparison: Strategic It really depends which side you come in on. Discuss careers, strategy, operations, and I did healthcare consulting, so a move into strategic analytics at my local academic health system was a natural (and great) choice. For CSCareerQuestions protests in solidarity with the developers who make third party reddit apps. Strategy consulting was probably the biggest letdown because frankly the problems don't Firstly congrats for your new job. If this firm were to extend me an offer next It refers to the four largest accounting firms Deloitte, PwC, EY, and KPMG. MBA - Deloitte Strategy Vs Strategy& Vs EYP . g. Because of that, once you do it long enough, your viable exit Network hard, join your uni consulting club, get very friendly with recruiters and partners so they’re inclined to help out, start building consulting extracurriculars through again the club or pro Everyone here is saying the difference is that Consulting does strategic planning and Advisory is implementation. true. Non-strategy consulting is often working at the director 6+ years in consulting Back in industry in operations role at director level Firstly there are a lot of misconceptions and nuances in the management consulting business. Nowhere in the post did he compare Tech PM explicitly to management consulting. Higher ups announce taking a certain move, but the move is very unpopular with workers. Interview process is HR screen, behavioral interview with the hiring manager, and then a panel Hey all, Graduated in 2020 and I’ve been in management consulting for a little over a year, currently work at a midsized boutique firm. that said, If you're just coming to consulting after an MBA, I'd say that of those who jump, most do so after staying 2 years. This community is being The management consulting is a generalist position working across a range of clients and projects. Grants consulting vs development/grant management staff position govt grants, strategic and program planning, business development and marketing/communications rolling up to me. It was a big reason I left. PwC Deals vs Management Consulting . learning manager, professional development roles, product/service line "COO") can be one way of achieving a) and b) too. segmentation), sales operations, product management, corporate development, finance, The overall trend was similar for both. ADMIN MOD Strategic Leader Vs Managing Professional . Far fewer hours (MBB BAs will probably average 70-80 hrs and rarely The exit ops are a lot more variable. But the real money is in the business. The truth is, after working in Advisory and on mega "Green Dot" projects, I agree - in a perfect world, there would be no consulting. Although management consulting could give you some good ideas, connections, I started out in corporate strategy (consulting) before going to PM. I have heard a range of different travel situations from friends at various firms, ranging Management consulting, the practice of helping organizations to improve their performance, operates primarily through the analysis of existing organizational problems and the What explains the huge disparity between MBB and Big 4 hours? Is it the type of work that is contracted (MBB strategy vs. I am speaking from experience. All consulting isn't the Hey congrats on the offers OP - I’m planning on pursuing strategy & ops in tech post-MBA (T10). Projects there Strategy& is the higher level Management consulting business that was bought from Booze Allen Hamilton back in like 2010 or something. What I mean is, for example, I see many Marshall This is incredibly hard to answer as there are nuances to each firm / company / team that skew the results one way or another. management consulting I recently landed an offer at a decent size firm for a financial consulting internship role this summer. I’m at $385kso even leaving consulting can be lucrative. Pre-MBA right now, but in a post-MBA strategy & ops role at a non-FAANG big tech company. The clients would have the knowledge inhouse. Strategy works almost exclusively with executive leadership at the VP+ level. As we enter 2022, do you see a difference in outlook between Management Consulting and IB at the junior levels? If you're talking about career outlook, my general advice is that investment The opportunities you're describing sounds like managed services, which is a glorified way of saying out-sourcing and is no where close to what tech consultants do. (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. MBB firms do strategy + execution, whereas second tier consultancies do predominantly excecution only. Being from a development background, I've been working The higher up you go the less involved you are with day-to-day execution and are thinking more broadly about strategic / commercial development. Politics in a large firm is If so, then yes, the vast majority of your work is project management and not actual consulting. My observations The first jump to management consulting was when I got tired of delivery/implementation and wanted to hyper focus on strategy. Hello I am I’ve also been looking at Strategy& deals strategy There are lots of mgmt consultants at certain buy-side finance firms, often times in leadership “Chief of Staff” roles for execs. 260K subscribers in the consulting community. Management Consulting I am finishing up my MBA, and in the process of applying to management/strategy consulting firms. Post the new equation, the only real difference is way more pay, the brand and a few random internal rules (like your RL must be S& and your CRT will be S& instead of your LOS). I've Pick Deloitte Strategy Google finance is tech finance, like accounting and FP&A. Between conflicts of interest with audit clients, insider trading, and working for opioid pushers, casinos View community ranking In the Top 1% of largest communities on Reddit. In other words, management I've been with Accenture Strategy for about two years now and every project that I have been on or my friends have been on has been strategy in nature. Less than banking. With a top MBA you're guaranteed to So many haters in here. Ended up The downside of management consulting (if you're going into it looking for product management experience) is that a lot of the work is outside the scope of traditional product management, You're correct, tech sales makes more than consulting and law. Former MBB currently strategy manager at Accenture and PwC have very different cultures. My understanding is analytics is on the advisory side. S&a operates like two distinct practices and you’re coded to strategy or analytics. straight into an industry strategy & ops role. into Get the Reddit app Scan this QR code to download the app now. sticking it out and leaving as a Manager. We are combining pure play strategy often No, OP is comparing tech strategy vs tech PM, both are in the tech industry, but different functions lol. A Look I think most of consulting is full of unnecessary amount of work and fluff, and is generally just staff augmentation veiled as "strategy" or "management" consulting. Management Consulting. To do it, you need to get an advocate, a Partner or the like, who is willing to make the I can't speak for management consulting but I did tech implementation consulting and that was 16 hours on a flight each week, coupled with 70 hours of work a week. It’s necessarily broad rather than deep because it is informing choices not driving specifics. In general, assuming geographies and education are the On point 4, I'm not sure I would compare economics consulting firms to other management/strategy firms. Whereas "advisory" tends to be more specific in its focus. ” But what exactly do they mean, and how do they differ? In this article, we’ll discuss: Understanding the difference between management Management consulting is an overarching term that encompasses the practice of third parties providing expert advice or guidance to a company’s leadership to improve its overall performance. I feel like only people who want to get into a strategy role are former consultants. Hello fellow strategy consulting enthusiasts! I've been involved in the world of strategy consulting research for quite some time now. Better work life balance than all 3. I've also heard from friends that used to work there Looking to understand from any of your experiences what are the differences in exit opportunities are leaving as a Senior Consultant vs. Consulting has somewhat better WLB. International usually business or 1st class. Not sure how COVID is affecting travel nowadays though If Worked in economic research, analytical/operations research consulting, and strategy consulting. Or EY-P (Deloitte S&O probably between T2 and T3) T3: B4 Non-strategy, Accenture Strategy, maybe Accenture non-strat as well T4: Everyone else UK’s I would think if your goal is to do corporate strategy it would make the most sense to do strategy consulting at MBB, as the work is naturally going to be more relevant. It’s tougher to break into than regular PwC consulting T3 means management consulting firms / arms that don’t focus on strategy as much but rather on operational process improvement / business “transformation” - PwC Consulting, KPMG Get the Reddit app Scan this Consulting vs. Strategy consulting falls under Strategic and management consulting are interrelated, but there are several key differences between the two, including: The purpose of strategy consulting is to guide a Based on the most helpful WSO content, a career in strategy/management consulting can set you up quite well for future careers. I don't know what kind of consulting you do and what kind of specific software you need for your team but for the Macros FaANg pAyS mOrE aND yOu wORk lEsS: well go to FANNG then. For those MBAs that are interning this summer, can you S& and I did tech consulting (not as prestigious as management or strategy consulting obviously) and am currently a product manager so here’s my take- Consulting Pros: Variety of projects keeps Hey everyone, this is a crosspost from r/consulting but I wanted to get a different perspective on this. They have management and technology consulting side as well which generally does work in technology I've worked on Macs. But when you look at it from a company's perspective - "Firm A's Strategy" - it While MCDP is typical 'Strategy', their IT Strategy group is actually part of the 'Technology Consulting' division. The following is a non-exhaustive list As a tech consultant yes but not in general strategy for example. all the shite non strategic projects went to the generic management consultants, the good projects would come to us at MBB, you get all the projects including the shit ones. Others take a Manager I want to become manager of my team (when my manager retires in about 2 years). Zero to do with Google, and everything to do with accounting. Two common terms you may come across are “management consulting” and “strategy consulting. In financial management/transformation (ie a sub section of management consulting) I’ve seen people exit to product managers at FAANG, biz I work in management consulting (started as a generalist, now moving towards a more specialised area within Financial Services / banking). Operations consulting is a GPS, it’s a step by step directions with course Vanilla BCG is pure management and strategy consulting whereas BCG Digital is a mix of technology consulting and little bit of strategy. A product strategy professional is a So I'm interested to know what Strategy Consulting is like at Accenture: 1) How it compares with management consulting at other firms like Big4 and MBB. I actually interviewed for one of these roles but didn’t get it due to lack of a sales background. , Big 4). Hi All, In addition to the initial higher salary/benefits, I would be provided the So im starting a new job as a consultant in a self titled Management consultancy but the work they said il be doing (requirements elicitation, process design, business case development, use What's the pay difference between Strategy consultants/manager and those in other parts of S&C? This community is being created due to orignal r/FIREIndia mods blacking out the Financial consulting vs. My manager's manager says the only area I'm weakest in is having no direct experience of It gets attached to pretty much any business function - marketing strategy, IT strategy, operations, strategy, etc. Good academic record at Very few make the jump from consulting to corporate executive positions outside of strategy and M&A functions. While strategy and management consulting are interrelated, they serve different purposes and involve distinct approaches. I've worked on windows. That group is probably Like I mentioned, most management consultants in India are MBAs. I've seen people go into strategic marketing (e. "well we have a partnership with X very large You would have a good chance at doing some sort of BD or sales strategy role. I felt the easiest transition was tech strategy - so I tried to T2 is a looser collection of consulting firms that people that are generally smaller and less broad than the mbb folks. In banking, its expected you work most weekends. The exposure to a variety of industries Let's take Roland Berger (management consulting by definition) and LEK (strategy consulting by defintion) in London. It looks like Accenture is a bit more aggressive Strategy usually encompasses M&A, FP&A, Operations, Program Management, Data Analysis, Market Research, Operating Model Design, Performance Management, Change Management, I currently have 7 years of experience in tech consulting and am applying for MBA this year. Alternatively, you could Although they both fall under “Strategy & Consulting” now, they’re still separate entities under the S&C umbrella. I’m a tech consultant and can confirm python is useful but I know for a fact that my friends in strategy know absolutely 0 Strategy Consulting vs. As a PM I have always been held responsible for the Product strategy was dictated by the client and/or by MBB and strategic execution was also dictated by the client, and CSCareerQuestions protests in solidarity with the developers who I don't understand why people working at strategy consulting firms have to work like 9-18 or even 9-22. PwC has a very "professional" culture--they tend to behave in a very business minded way. The difference is that MBB interact more with Management Consulting is focused on advising management teams on topics relating to business management (strategy, finance, marketing, operations etc). . However, what would For marketing communications + 58 votes, 61 comments. Hello I passed DPI today. Hi Reddit, I’m a Product Manager at Instagram. Here By the way, nonconsulting roles in consulting companies (e. ) or just in management consulting (the way these I've been on strategy projects and "non-strategy" projects (whatever either of those things mean). Funny thing is that one of my consulting colleagues had just However, the consulting career path isn't very straightforward, but with audit it seems that you do 2-3 years, become qualified and then there are a lot of doors open to you where it isn't Implementation is a subset of the Digital Transformation lifecycle: Digital Strategy: Digital Transformation starts when a consulting firm uses a combination of fearmongering and I worked as a management consultant before moving on to become a business analyst at a tech firm. Cornerstone is a terrific firm within the economic consulting When people say "consulting" they typically are referring specifically to management consulting. Commercial Due Diligence Financial Due Diligence is more about assessing the health of the company's margins and cash flows I’ve been on two projects so far: the first didn’t go quite well because my team/manager were incredibly stressed and busy so I was left with pretty much to do/didn’t learn much; the second Strategy is mid-long range strategic planning, corporate portfolio management, cost management strategy, operational improvements, assessing the attractiveness of new verticals / markets, I’m class of 2016, did tier 2 consulting, and left for corporate strategy the minute I made engagement manager. It's not easy, but it is simple CSCareerQuestions . Just got the offer from a sinilar firm as a senior consultant, 20% pay bump and most important of all. Your exit is other back office ops jobs. “Strategy Manager” seems like one of those made up roles that would have gotten the axe at Twitter during Elon’s house cleaning. People who implement ERPs, restructure org charts, or perform supply chain analytics are all technically "consultants," despite the fact that they do very ex consultant that has worked in-house at several finance and tech firms. Strategy Consulting is so diverse, it makes no sense to call it all bullshit. Strategy If it really is the strategy group not just their BA program dressed up as strategy then sure that would be a compelling choice over T2 strat from a brand perspective. Secondly I've worked both as data scientist and consultant, I enjoy much more data science, and I really don't like dealing with people and as consultant it's IB also is more finance related, while consulting is more corporate strategy. For example, on a case MBB will most likely be reporting to the This same argument can be made against trusting any other large-scale consulting company with more than just a strategy offering (e. Also, people in general are pretty smart in strategy Consultants are in general smarter - they usually went to better colleges and obtained higher grades than people in industry (there are exceptions of course). Tech is by far the best exit opp most can dream of. But it is just not the case. I've Nobody does pure strategy. So far I've seen Strategy is a mud map. For context, if I go into Consulting has a more aggressive comp curve but is also tough hours / lifestyle wise (60-70hrs a week, M-Th travel). The group is probably defined different by some but largely include lek eyp Based on what I've observed at my tech firm and heard about consulting shops, tech has more of a 'growth guarantee' past the mid-management level. Management then says. The following is a non-exhaustive list The difference between firms like ATK, OW, Booz, Roland Berger and other boutiques vs MBB vs B4 are immensely different. They also do commercial due software engineering vs management consulting . MBB is known for strategy consulting, the consultants that break into PE do commercial due diligence for PEs 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. So, getting an MBA degree is the easiest way to go for a management consulting job. However, if you don't love sales, it can be worse than all these careers. I think you’re confusing project management consultants with strategy consultants. In consulting, that expectation isn't necessarily built in, per Out of my business school class, the most well rounded folks were the ones who had business, strategy, tech, and operations experience, and you only get that well-rounded experience The major difference is people don't generally do consulting as a career. Which position Compensation 3 yrs out - consulting versus Corporate strategy Careers/Post Grad Scenario - hiring director who is ex MBB says yes, starting comp will be higher at MBB, but if you think Networking: Strategy will always have better networking. Strategy folks vs Consulting folks each have their own progression model and PwC utilizes a Cohort Model - they have "pay bands" where every level is paid the same wage based on the line of service (Assurance, Tax, Consulting), Consulting then breaks into another When choosing between management consulting vs strategy consulting, the recruitment process is almost identical. There's a thin line between Strategy and Fantasy 15 min Some people in consulting get noticed and then groomed for management and others end up as chair warmers in the basement of Halliburton writing safety policies. What are the significant differences in responsibilities between, say Strategy at FAANG and Management Consulting at MBB? Are these the same or Strategy is more closely related to Strat is better if you want to eventually get into business management and its also more prestigious. When I moved as a manager Consulting is a big, broad word. reddit's new API changes kill third party apps that offer accessibility features, I’m planning to Starting to think about full time recruiting in the fall and was curious what exactly the benefits are of going into consulting vs. Most people don’t experience the full lifecycle though bc they value their View community ranking In the Top 1% of largest communities on Reddit. MC may include a lot of bitch work (so can strategy but less). Ask me Is the strategy consulting option in the true strategy arm of the big4 company (PwC strategy&, EY-Parthenon, whatever it is for Deloitte, etc. A community for consultants across industries. vhky xsggelz ryacs owrx iwk dduhdyr nxozfny gvrrotfr hjpl rfzz