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How to get rich from MBB? 30m+  


Hyrisa
Posts: 2
(@hyrisa)
Working Student
Joined: 8 months ago

Hi I just saw Kevin’s livestream answering that probably you won’t get ultra rich with consulting. Question now is how can you get there? When to change to PE or other career in order to make it happen?

 

Also what ways are there to earn extra money on the side while working at MBB?

 

thanks!

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KevinJon
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(@kevinjon)
Joined: 1 year ago

Silverback Consultant
Posts: 25
Posted by: @hyrisa

Hi I just saw Kevin’s livestream answering that probably you won’t get ultra rich with consulting. Question now is how can you get there? When to change to PE or other career in order to make it happen?

 

Also what ways are there to earn extra money on the side while working at MBB?

 

thanks!

Of course there cannot be an easy answer - otherwise all of us would be UHNWIs 🙂

My personal take would be to do 2-3 years of consulting and by that time get to the point where you are managing small teams (some juniors and some interns on a project).

 

Then you will have to make a decision - do you want to pursue a traditional career (then I'd suggest getting into PE or VC and working your way up to being a partner i.e. participating in all deals of the firm) OR do you want to do something extraordinary (then I'd suggest founding something - could be literally anything but depends on your own strength/capabilities).

 

 

 

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Hyrisa
(@hyrisa)
Joined: 8 months ago

Working Student
Posts: 2

@kevinjon sounds great! Any particular country I should go to when considering VC/PE?

 

can you also talk a little about what I can to to earn some extra cash on the side?

 

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KevinJon
Admin
(@kevinjon)
Joined: 1 year ago

Silverback Consultant
Posts: 25

@hyrisa not particularly, there are many interesting markets, depends on a lot on your personal preference though! 🙂

 

Earning extra cash, here are some of the ways you can earn extra money on the side while working in consulting (some of which I used to do in my strategy consulting days):

  1. Airbnb while you're sleeping in hotels
  2. Give expert calls once you are knowledgeable about a certain topic
  3. Consulting marketplace freelancing (e.g. Comatch)
  4. Start an online side-hustle
  5. Start a youtube channel 😉
  6. Sell projects and earn commission from the firm you work for

 

Cheers!

 

 

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