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Life after consulting: What are the exit options for management consultants?  


Mel Gardene
Posts: 1
 Mel Gardene
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(@Mel Gardene)
Joined: 6 months ago

Hello!  

Could anyone break down the exit options for Management Consulting? That would be very helpful in my future plannings. How regular is it to go into the start-up scene afterward - does it make sense having such a broad knowledge into a lot of work sectors? 

Greets,

Mel

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L - Rathke
Posts: 28
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(@rathke)
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Joined: 8 months ago

Hey Mel,

great question!

Those are most common for consultants exiting their job:

 

Private equity

-> Better pay, big prestige, and an opportunity to work on industry-shaping deals. 

-> Competitive, high achievers who are willing to work long, grinding hours.

-> Easier to transfer from MBB or financials e.g Oliver Wyman

Hedge funds

-> Better pay and industry-changing opportunities.

-> Investment knowledge, trading skills, analytical skills and ability to add value to the investment decision-making process of the fund

Venture Capital

-> Good majors for entering: engineering, biotechnology, computer science, etc. - helps extremely to understand the product you invest in. (Often Tech in VC)

-> Background: Entrepreneurs, Research, Product development, Engineering, Sales or operational experience

-> Are bankers wanted? -> Bankers and consultants tend to work with larger, more established companies > VCs work with small companies that are growing fast. 

                                    -> Banking and consulting are very hierarchical > VCs are always very small and have very flat structures.

                                    -> Bankers and consultants are used to be given clear tasks to do > VC is much more informal and independent.

-> You need an Entrepreneurial drive, Raw intelligence: the ability to evaluate interesting opportunities quickly, Charisma, Great communication skills

Asset management and equity research

-> Organizational context, leadership, planning, support, operation, performance evaluation, and improvement.

 

and last but not least:

Entrepreneurship

 

About 16% of all consultants move into Entrepreneurship afterward 😉

Cheers!

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