<p>Most, like i-banks, recruit at Ivies, top LACs, other top schools like Duke,Gtown, NU, Mich, NYU, etc. Most of the schools on your list are schools that definitely fit into this category.</p>
<p>what are some topics that consultants might deal with?</p>
<p>i.e. how should a company approach putting a new branch in a foreign country...</p>
<p>they advise companies on various issues related to business strategychange management,M&A, systems integration, corporate reorganizations/restructurings, productivifity improvement, expansions, etc. pretty much anything you can think dealing with strategy and management fits under some of the work that management consultants do. Personally i think this is way more interesting than i-banking but most people on here are just at it for the money (you can make much more in banking)...too bad for them.</p>
<p>Would either Georgia Tech or Emory undergraduate business school be a good enough school to get recruited from?</p>
<p>I totally agree that management consulting sounds a lot more interesting than ibanking. With consulting, you get to tackle a new problem and environment every time you work with a new client, so it doesn't get repetitive and monotonous. Plus, consulting sounds really intriguing because you get to learn how to solve real world business problems. When comparing consulting to ibanking, I think that consulting provides a broader set of business skills while ibanking is fairly speicalized in nature.</p>
<p>I don't know too much about Georgia Tech or Emory. I think your best bet is to check out the career services websites of both colleges to see what sort of companies recruit at the two schools. Or you can check out the websites of varoius consulting firms to see if they recruit at Georgia Tech or Emory.</p>
<p>how much do associate consultants (entry level) get paid?</p>
<p>how much do regular consultants get paid?</p>
<p>what kind of majors do i have to major in to become recruited as a consultant? what if i want to study something like global studies to learn about globalization and international trade instead of a major like economics or business? would consulting firms still hire me?</p>
<p>Salaries will depend on the firm you work for. My best estimate of salary ranges is:</p>
<p>Associate/Assistant: 50-65K Base + Bonus that can be up to 10K (bonus is not guaranteed with some companies)</p>
<p>Consultant (with an MBA): 100-130K + Bonus that can be up to 30K</p>
<p>The pay looks pretty nice, but conulting usually requires many hours of work per week, more so than normal corporate jobs.</p>
<p>Management consulting firms don't give preference to any majors. The top firms recruit heavily from schools that don't offer business majors. This means that you can definitely major in global studies, but the catch is that you need to attend a top school in order to come in contact with recruiters. And of course, landing a summer internship at a consulting firm can be a huge boost in getting hired. </p>
<p>After looking more into consulting, you'll notice that the top firms are extremely selective due to the small group of schools they recruit from and also because of their thorough and challenging interview process.</p>
<p>yeah consulting interviews are hardcore...</p>
<p>btw kfc4u if you want to compare hours of work per week a consultant usually works like 70 hours per week however since most consultants have to travel pretty much 3-5 days out of the week you spend like 10-20 hours a week traveling... so really its more like 80-90. ibanking is similar expect its 80-100 hours of work not really too much travel compared to consultants.</p>
<p>Most consulting companies will recruit undergrads asnd MBAs from top universities. It is important to maintain a GPA well over 3.5 and generally speaking, most consulting companies go for students who come from reasonably well-off families. Consulting generally is considered a very blue-blooded industry.</p>
<p>How difficult is it to advance one's career beyond that of a normal consultant role and become a manager/partner? I've been told that very few people are able to become partners and that most employees remain at the consultant level. Just out of curiosity, how much would a typical manager/partner earn at a top consulting firm?</p>
<p>Also, a few of you mentioned the rigor of the consulting interview process. How exactly are the interviews structured? I've heard that prospective employees are presented with mock cases which they have to analyze and solve.</p>
<p>This is pretty standard from what i've been told:
Manager (salary ~300k, excellent bonuses 400k+)
Partner (salary ~500k, bonuses of 1mm+ (up to millions)</p>
<p>How difficult is it to obtain those positions at a consulting firm, and how long would it take upon entering a firm to get to those positions (assuming that one enters with an MBA)?</p>
<p>Foreverzero, yeah, it's quite difficult to advance to the manager/partner level, because they are run as 'pyramids', where there are fewer and fewer positions at each higher level of the hierarchy, and everybody beneath a particular level is competing to get promoted. However, I disagree about the notion that people just remain at the Consultant level. Essentially, consulting companies work on an 'up-or-out' system, meaning that if you're not on track to being promoted, then you're basically on track to be fired. Consultancies have no room for somebody who just wants to stay at one level for years at a time without trying to get promoted. Most consultants won't get promoted, so they're expected to leave the company. That's really not that bad, because they can usually segue into a good corporate job somewhere. It's well understood that most new consultants are going to be in the industry for only a few years or so, and that there are very few consultant 'lifers'. </p>
<p>As far as the difficulty of obtaining these positions, it depends on the consulting company, the MBA program you're coming from, your personal factors, etc. McKinsey is probably the most difficult of all to get into. Certain MBA programs, most notably Harvard, but also places like Stanford, Wharton, Kellogg, Sloan, Columbia, Chicago, Michigan, etc. are also highly successful in getting their grads into consulting firms, at least relatively speaking.</p>
<p>Sakky, what type of industries would consultants move into?</p>
<p>The kind they consulted for. For example, those who did consulting jobs for high-tech companies would have an 'in' for a management job in high tech. Those who consulted for oil/gas would be likely to get an management job in oil/gas. It's not just because you learn about the industry by consulting for them, but perhaps more importantly, you develop a stable of contacts with which you can call up to find a position.</p>