Consulting Questions

<p>Yes, I know that this an IB discussion board, but seeing as how consulting keeps popping up on it, I thought it wouldn't be too out-of-the-blue to ask some questions regarding it.
1) What are some of the highest-paying consulting jobs? I'm not just asking for their titles, but what they entail as well.
2) What major should you go for in college if consulting is what you're looking at as a career?
3) How does one get started as a consultant? i.e. What should a college student be looking for when it comes to interviews/jobs, etc.?
Thank you!</p>

<p>Before I answer your questions, i assume you mean top consulting firms like Mckinsey, Bain, BCG, Booz Allen Hamilton, Mercer, AT Kerney, etc</p>

<p>1) Well as a consultant you can be self employed in which you can make something very little (20k) to millions depending on how good you are. Due to this risk in self employment most people opt out and join a consulting firm (jobs are very hard to get). From there the highest position is partner in which you would make millions.</p>

<p>2) Much like ibanking, you can major in anything and become a consultant. Although some of my friends in the business say to major in something logical like math, science, engineering, economics.</p>

<p>3) Interviews and Jobs are very hard to come by. Assuming you go to a top 20 school, you will need a 3.6+ GPA and high SAT scores just to get an interview. From there, there are three rounds of interview where they eliminate about 50-75% of the people each time. Interviews contain very very tough cases.</p>

<p>Yeaaah that sucks. Anyways, can you substitute your SAT score with the GMAT? It seems a little ridiculous that they require the SAT since obviously you got a high enough score to get into one of the top schools in the nation...</p>

<p>What SAT score??? Can u retake it after college if your not satisfied?</p>

<p>lol they dont look at your SAT score.... they look at your GPA... and maybe request transcript in rare cases.</p>

<p>Some do look at SAT scores; I know that Bain does.</p>

<p>And transcript requests are not rare. From my experience, it's common for an unofficial transcript to be required as part of an application.</p>

<p>No they dont look at SAT scores at I-Banking firms. PERIOD
Transcript request are RARE because when you get the interview its ususally based on what school/GPA/Resume.</p>

<p>I know that BCG requires SAT too...they need to change that.</p>

<p>I am positive that they look for SAT scores for McKinsey, Bain, Boston Consulting Group, and AT Kearney.</p>

<p>Now if you have a low SAT score (1900ish) then that does not automatically deny you the job but it is a disadvantage. It is mainly used to seperate the rich kids that got in because of their daddy. So anything 2000+ is fine which you probably would have if you got in a good school.</p>

<p>Im not sure of other places.</p>

<p>
[quote]
No they dont look at SAT scores at I-Banking firms. PERIOD

[/quote]
</p>

<p>He's asking about consulting firms...</p>

<p>I know that when I applied for Bain's summer associate consultant internship, they specifically requested candidates to include SAT scores on our resumes. </p>

<p>Bain (and several other firms) also required the submission of an unofficial transcript with the application.</p>

<p>Case study interviewing is big in consulting. They test to see how you approach a problem?, how you reason through it? and how you structure your answer?</p>

<p>Case</a> interview | McKinsey Careers</p>