But, the top firms seem to have good recruitment programs across a large cross section of schools. Take a look into the structure of consulting firms, salary expectations, and exit opportunities. If youre looking to join the ranks of the consulting elite, knowing which schools firms like to target is valuable information. While some 20% of the Stanford MBA Class of 2020 who attended Harvard for undergrad went on to McKinsey, BCG or Bain & Co. (the top three consulting . University of Pennsylvania, meanwhile, is the most popular feeder school for Boston Consulting Group, accounting for 10% of the firms 120 WSO recruits. Copyright 2023 Poets&Quants, Inc. All Rights Reserved. There is a much higher onus to be outstanding at those schools to stand out. Like the big investment banks on Wall Street, consulting firms also have their favorites. "Consulting will always be a popular post-MBA path in general, but many INSEAD students recruit for other industries or go on to start their own companies.". ), Consulting is one of those fields where you can practice and get really good at the interview process. Insider Insights: Top Target Schools For MBB Consulting Firms Next, we filtered for employees in the U.S. and Canada. they are going to prefer someone from Bain or McKinsey over Accenture. And What More? Because of this, some of the latest trends reported by users wont start showing up until later reports. Which schools are the Big Three most drawn to when it comes to fueling their pipeline of talent? And do I have a chance even if I didn't go to one of the schools listed? I think this could be because some traditional Ivy league schools dont have rigorous accounting and finance programs. These two schools fetch twice as many hires into MBB than the next crop. Top Targets - Harvard and University of Pennsylvania have placed ~2x the amount of people into MBB than the following targets. The US offices of the MBB firms organize special pre-MBA programs every year where they introduce upcoming MBA students to the firm, its people, its culture, and consulting in general. Like the big, , consulting firms also have their favorites. Check out the top feeder schools for Amazon, Apple, Facebook, and Google below. The result of this screen primarily focuses on U.S. schools, as they place much better into MBB. Data is reported by WSO users who actually work in the consulting industry. "There are so many ways to get to know the school better even without visiting campus," Coward said. Ayush Pachisia, who is also part of INSEAD's class of 2020, added that the school's emphasis on multicultural collaboration is mirrored in the diversity of each MBA batch. The top feeder schools for KPMG are Penn State, University of Illinois, University of Texas, University of Maryland, and Indiana University. Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. This tier of schools all have very respectable placement figures and consistently place into MBB. MBA Plan Ahead Package: $4,995. Hourly Services: Starting $395/hour. "All-In" Package: 1 school, starting at $6,900. This coming school year, 18 Spelman graduates will join City Year, a national organization that unites young people for a year of service in . In addition to evaluating how you can activate INSEAD's motto, Pachisia suggested thinking through your own unique offering. Pachisia shared that he wrote about a business trip he had made to China to set up an analytics team. Poets&Quants previously reported the staggering first-year salaries being reported by investment bankers working in the industry. When a school only places 7 or 8 hires per year, hiring trends can be heavily influenced by a group of vocal alumni or a strong relationship at a specific firm. As a coach for consulting interviews, Francesco helped hundreds of candidates to land offers from McKinsey, BCG, and Bain. Top Targets Harvard and University of Pennsylvania have placed ~2x the amount of people into MBB than the following targets. All of these schools have relatively even representation at all of the MBB firms. For decades, prestigious business schools like Harvard Business School, Wharton School of Business, and Stanford Graduate School of Business have had the upper-hand in paving the way for. According to Plavsic, INSEAD prefers its applicants to score at least in the 75th percentiles of verbal and quantitative for the GMAT. So, if you are from a target school, do not rest on your laurels; if you are not from a target school, work on improving your profile and network, and you may very well end up with interviews as well. He also made it a point to note cultural differences in different places when he traveled overseas for leisure. Curtis says that the more prestigious the firm, the harder it will be to get that first interview. ATLANTA (June 3, 2013) -- Spelman College students have a strong desire to give back. And some of the schools that do, including Chicago Booth and Northwestern Kellogg,. Target Schools For MBB Consulting Firms It turns out that moving logos around for two years in investment banking is not always adequate training to invest in businesses. The argument we get (mostly from jilted NESCACs who are embarrassed to be outranked by Brigham Young) is that we should weigh the size of each school to determine how easy it is to place into a firm. Accordingly, the firms have to prioritize (after all, it is a key consulting skill), and a key criterion for this prioritization is the school of the candidate. Semi-Target Schools A school is a semi-target if one or more top banks conduct on-campus recruiting or focus on that school. In this post, were going to apply a data-driven approach to determine what the target schools are for management consulting. As expected, there is no way the firms can give each of these applications the attention they deserve. The advice still rings true: financial institutions are still some of the best feeder companies to top business schools. Its hard to bet everything on a consulting role if your school only sends a few people per year to the top firms. The percentage of students who chose consulting careers by function climbs up to 46.3% with median starting salaries of US $ 145,000 and sign-on bonuses of US $ 25,000. While everyone will aim to put their best foot forward during the application process, applicants will also be asked specifically about their flaws or failures. MBB's Top Feeder Schools - MBA Center Global- The Right Choice Paschisia said. At INSEAD, McKinsey snapped up 130 (another 52 returned to the company, as they had worked there pre-MBA), followed by Bain with 86 (21 . The top three feeder schools were Georgetown, American and George Washington. Broadly speaking, there are two categories of applicants: Traditional feeder companies vs. Non-feeder companies. Its easier to take a trip to NYU knowing that every single person in Stern is going to show up to your info session vs. going to a small liberal arts college where you might get 10 to 20 keen folks who are also juggling offers elsewhere. No! "Speak to current students and alumni. In this program, students will join small interactive case workshops as well as activities to sharpen your interview skills, engage in virtual social activities and hear from exciting panelists and speakers, according to the firm. David Jiang, class of 2019, explained that other prospective applicants he'd met had stellar backgrounds based on a more "orthodox" standard, while he was from what he described as "a pretty grassroots background." This website uses cookies to enable essential functions like the user login and sessions. We are using the overall annual class size per CollegeData to conduct this screen. These two schools fetch twice as many hires into MBB than the next crop. As a result, I had to research and consolidate disparate sources of information for my articles often within a day for publishing in the next day's news. "One has to therefore come in with an attitude of being open and self-aware, instead of constantly aiming to portray a perfect or flawless image.". It becomes hard to isolate for pure undergraduate strength if you include any people with master's degrees. In any case, the lists vary greatly in the choice of business schools. Some might even argue that the target school advantage is slowly being eroded as the MBB firms are expanding their recruitment pools. The top consulting firms that hired from the HEC Paris MBA class of 2019 include Bain & Company, McKinsey, and the Boston Consulting Group (BCG). Find out which career is right for you and follow these steps to make the right decision. Notably, the school announced that due to safety concerns related to the coronavirus, no visitors are currently allowed on any of INSEAD's campuses. See a list of all the MBB target schools in the US. He iscurrentlyleading a Singapore-based company and supporting startups as a strategic advisor. Targets - There is a crop of elite schools (and somehow UC Berkeley slid in here) that solidly place into MBB every year. "Make it more than a bullet point on your resume," Coward said. Of the 1,577 users who currently hold positions across the 50-plus consulting firms, 168 are employed by McKinsey. How Do I Know Which Career Is Right for Me? "I realized it's easier working with people you understand, and after that I spent all my leisure time in China experiencing 'authentic' Chinese things.". Some of the top feeder schools to the consulting industry include London Business School, Kellogg School of Management at Northwestern University, Columbia Business School, and the. 26-50. McKinsey was by far the best employer to have worked for, sending 41 . Click to the next page to see a list of the top 50 feeder schools. 131 students from the school joined McKinsey, Bain, or BCG. Harvard, University of Pennsylvania, University of Michigan and Yale appear to be the best overall schools when it comes to recruiting for undergraduate consulting jobs. Copyright 2023 Poets&Quants, Inc. All Rights Reserved. The List Of Top Ten US Colleges That Apple, Facebook, And Google Hire In fact, there is little space between top five consultancy feeder schools in the February 2022 report a difference of just about 0.3% or about 5 employees. Wharton, Michigan, and Harvard are the only schools that have representation at 100% of the top firms. Therefore, as long as you take every available opportunity to improve your profile (e.g., achieve a great GPA, participate in case competitions, take up leadership roles) and refine each line in your resume to make sure it is concise, fact-based, and results-oriented, there is no reason you cannot beat out your target school competitors. As an aside, I think this is also why investment banking is relatively more popular and why many once hopeful consultants end up pivoting to finance. Bain & Company. However, all things being equal, its still our belief that its better to be at a larger school for the following reasons: A larger school generally means a larger alumni base and a greater volume of people you can reach out to. "If you're confident, but not arrogant, express that in your application as well.". "Select flaws or failures that allow you to genuinely illustrate your efforts to overcome them and grow as a leader," Low said. Size: McKinsey (30K employees) and BCG (22K employees) are both much larger than Bain (10K employees). The prestige of these companies has given them their own acronym within the industry the MBB. From Bain To McKinsey: How HEC Paris Is Preparing MBAs For Careers In The combined prestige of firms McKinsey & Company, Boston Consulting Group, and Bain & Company is a well-known fact in the world of management consulting. I created a $3.5M savings process improvement project that was rolled out across the EU in 2020. Overall, WSOs report covers school representation at 57 different firms with consulting positions. There are truly a lot of people who end up doing a 1 or 2-years master's program immediately after their undergraduate program who end up going into consulting.
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