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Strategy consulting intern at top tier firm- AMA

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Hey guys

Hey Man, awesome thread (been searching for a consultancy related thread) - will send my qns tomorrow after my exam - PM ok?

Reply 21

Earl Campbell

Original post by Princepieman

This shouldn't be a CV issue, it should be a personal one.

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I understand that and given the choice I'd rather take the year abroad, but I want to give myself the best opportunity upon graduation.

Reply 22

Earl Campbell

Original post by Davelittle

Hey guys,

Having returned to TSR today to browse of the forums that I spent half my sixth form life on, I noticed that this sub-forum seems to have a lack of consulting related threads.

I will be starting an internship at a top tier strategy consulting firm on Monday and am happy to answer any questions people have regarding the sector.

Note: I haven't started yet so will have to wait a few weeks before I can answer any questions on exactly what interns do on a day-to-day basis!

Fire away.

Sorry for digging up this old thread but now that you're approximately a month into your internship I just have a few questions;

How are the working hours, do you find your schedule to be unpredictable? Assuming that they send interns to work with clients are their time demands unreasonable?

How do you find your colleagues, are they interesting to work alongside or just book smart?

Are you enjoying it so far? What'sdo you find to be the best part and which do you find to be the worst part?

Reply 23

NW86

Original post by Princepieman

Seems in-line for Big4 non-strategy and other larger consultancies but below par for strat houses. Friend at one if the MBBs got offered £40k base + £5k signing + £5k potential year end as a new grad.

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May have misinterpreted the comment, you will not, absolutely not, be on 80k with 2-3 years Big 4 non-strategy consulting. Not a chance.

edit: realise this just got resurrected so a bit pointless commenting

Reply 24

username738914

Original post by NW86

I meant the link. It pegs it at £50-60k after 2-3 years of exp.

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Reply 25

NW86

Original post by Princepieman

I meant the link. It pegs it at £50-60k after 2-3 years of exp.

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Ahhh, fair enough, 50k sure, 60k maybe a bit of a stretch, but certainly more realistic than 80!

Reply 26

h3110

- I'm doing a weak subject at LSE, will I still stand a decent chance of getting a consulting internship at a top firm?

- Strategy consulting seems similar to IB M&A, is this true or am I wrong?

Reply 27

Mrkingpenguin

Good post, Questions:

Opinions of the relative merits and downsides of each of the big strat houses in your personal opinion (mk, bcg, bain, oc, etc.)?

What are, from your experience, the things screened from cover letters apart from the name of the university?

What is your honest assessment of the hours and (regarding the actual job) do people work weekends?

One of the things I think those blindly going into IB etc. don't recognize is that doing fewer hours in the prime years of your life are worth the relatively small salary sacrifice.

Reply 28

username738914

Original post by Mrkingpenguin

One of the things I think those blindly going into IB etc. don't recognize is that doing fewer hours in the prime years of your life are worth the relatively small salary sacrifice.

You say it's 'fewer' but my friends in the biz (mbb) regularly pull 9am to 10/11pm (sometimes even later depending on the case) during monday to thursday, then an 8 hour day on friday and then the weekend off but they also have to travel..

The difference is 60-70 hour weeks vs 70-80 (or more).

I'd say different strokes for different folks, it would make better sense to choose a job based on your interests as you'll work hard in either.

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Reply 29

Mrkingpenguin

Original post by Princepieman

True, but I'd rather travel than spent all day in front of 4 monitors. Each to their own like you said.

Reply 30

Commercial Paper

Original post by Princepieman

Agree with this. Have done both IBD and Consulting and I actually find Consulting more stressful - with a disproportionate amount of fire drills - and the hours are literally only a few hours a day less for like half the pay of those in IBD. Maybe it's just my project though...

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