Anonymous
Post 08/08/2013 19:14     Subject: Ex-management consultants

PP here.

Analyze this from a function and industry perspective.

The functions that my consultant friends transitioned into include:

Corporate Strategy & Development: These are the internal high-level consultants that the c-suite leans on to analyze and answer questions on overall company direction, market opportunities, m&a opportunities, organic and inorganic growth opps etc. Think of these guys as almost internal IBankers/Consultants. These departments pull heavily from ex MBB or ex-bulge bracket IB.

Product Developement/Management: Pretty self explanatory but more focused on a particular LOB/product rather than being an 'internal consultant shop' to the c-suite. If you are interested in really deep diving into a particular part of an industry and having a direct hand/responsibility in P/L ownership then this might be for you.

PE Associate: Strategy consultants can successfully move into PE but usually only with elite backgrounds. day to day job is analyzing companies and their financials to see who to take over, spin off, break up, etc. A very finance heavy type role.
Anonymous
Post 08/08/2013 12:26     Subject: Re:Ex-management consultants

Anonymous wrote:Most likely some middle management job or project management at a Client or former client. This is what I observed in the consulting world. I also must warn you that it's not just about pay cut, but also lack of respect, you may find when you become a permanent employee. You will no longer be a consultant, an expert and have client-vendor relationship. You will not have bosses, managers, and other BS, and you may not automatically be perceived as someone, who knows their stuff or deserves respect, as you would as a senior enough consultant.


Meant to say "You will now have bosses and managers above you"
Anonymous
Post 08/08/2013 12:25     Subject: Re:Ex-management consultants

Most likely some middle management job or project management at a Client or former client. This is what I observed in the consulting world. I also must warn you that it's not just about pay cut, but also lack of respect, you may find when you become a permanent employee. You will no longer be a consultant, an expert and have client-vendor relationship. You will not have bosses, managers, and other BS, and you may not automatically be perceived as someone, who knows their stuff or deserves respect, as you would as a senior enough consultant.
Anonymous
Post 08/08/2013 09:05     Subject: Ex-management consultants

OP, best path in the DC area from management consulting is to government or to a local fortune 500 company. Agree with the other poster that you have to focus on the type of consulting you did and then seek out that industry.

unfortunately (and as an mba I figured this out kinda late), there aren't a ton of fortune 500 companies in this town, ones that have their own project management or strategic analysis or planning divisions. But start informational interviewing, using linked in, and learn about some other companies/departments so you can make an informed decision.
Anonymous
Post 08/07/2013 23:46     Subject: Ex-management consultants

Anonymous wrote:I became a high-class hooker.


The world's second oldest profession wasn't cutting it?
Anonymous
Post 08/07/2013 22:53     Subject: Ex-management consultants

Anonymous wrote:Pp, do you do any pro bono work?




or take a group discount?
Anonymous
Post 08/07/2013 22:50     Subject: Ex-management consultants

Pp, do you do any pro bono work?
Anonymous
Post 08/07/2013 21:17     Subject: Ex-management consultants

I became a high-class hooker.
Anonymous
Post 08/07/2013 21:14     Subject: Ex-management consultants

Anonymous wrote:
Anonymous wrote:Huge difference between MBB and federal. I'm assuming we aren't talkin MBB cause you'd already be sitting on nine offers wondering which one is best. Or maybe we are and its the paycut you won't take? 10 years experience, you are what associate partner perhaps? Call it $350k? It's a tough level to leave, few jobs in corporate get that high.


OP here. Maybe I am a big loser but I am not an associate partner, and I think at my firm that level makes $200k most. My salary is not close to $350, LOL.

I'd like to go to the client but the right opportunity hasn't come along. I am sort of hoping my next project will offer that opportunity. Internal Strategy or project management would both appeal to me. I'm not really sure what I want to do and am curious where other folks went out of consulting.


I went to corporate strategy
Anonymous
Post 08/06/2013 17:02     Subject: Ex-management consultants

Anonymous wrote:Huge difference between MBB and federal. I'm assuming we aren't talkin MBB cause you'd already be sitting on nine offers wondering which one is best. Or maybe we are and its the paycut you won't take? 10 years experience, you are what associate partner perhaps? Call it $350k? It's a tough level to leave, few jobs in corporate get that high.


OP here. Maybe I am a big loser but I am not an associate partner, and I think at my firm that level makes $200k most. My salary is not close to $350, LOL.

I'd like to go to the client but the right opportunity hasn't come along. I am sort of hoping my next project will offer that opportunity. Internal Strategy or project management would both appeal to me. I'm not really sure what I want to do and am curious where other folks went out of consulting.
Anonymous
Post 08/06/2013 05:42     Subject: Ex-management consultants

Huge difference between MBB and federal. I'm assuming we aren't talkin MBB cause you'd already be sitting on nine offers wondering which one is best. Or maybe we are and its the paycut you won't take? 10 years experience, you are what associate partner perhaps? Call it $350k? It's a tough level to leave, few jobs in corporate get that high.
Anonymous
Post 08/05/2013 20:58     Subject: Ex-management consultants

OP, your question is pretty firm and network dependent.

If you have 10 years of MBB experience, you should have pretty decent exit ops (naturally you will most likely take a pay-cut if you haven't built up a spike in a particular sector/practice).

What are you particularly trying to transition to? For instance, an internal strategy team at a CPG or other consumer goods manufacturer/retailer?

Or a product manager at a tech firm perhaps? Or did you get staffed on PE/IB engagements and want to do something in finance?

It seems the biggest sticking point is you are not flexible with your pay. You are most likely going to have to take a paycut to go into industry but you also wont have to live out of a suitcase.
Anonymous
Post 08/05/2013 15:53     Subject: Re:Ex-management consultants

I went to a client when I could no longer take the hectic schedule. Could this be an opportunity for you?
Anonymous
Post 08/05/2013 15:51     Subject: Re:Ex-management consultants

Also curious about this...

I'm in federal consulting and feel like I may be boxing myself in the DC corner so to speak. Any success stories of anyone going from federal consulting to private industry, and moving to a different (non federal-centric) part of the country?
Anonymous
Post 08/05/2013 09:36     Subject: Ex-management consultants

What did you transition to from consulting? How did you make the move?

I've been in management consulting for 10 years. I feel like I've got this really broad background but not a lot of deep expertise, which is going to make it hard to transition to industry (at a pay grade and title I am happy with).