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Posted on 11/25/13 at 7:21 pm to USLttarP
Federal consulting is where it's at. The DC area is a great place to live, this place is awash in money, and they don't work you nearly as hard. You don't travel much at all either.
Posted on 11/25/13 at 8:02 pm to USLttarP
I'm in consulting as well. Questions?
Posted on 11/25/13 at 9:38 pm to USLttarP
Im in the management consulting industry.
The company I work for is not a 'big 4', but we do a lot of implementation work for PE firms. We also have had a few projects working to implement some McKinsey strategic plan that clients have no idea Wtf to do with.
It's an extremely fast paced world that takes a toll on your personal life. But, if you can afford to travel every week of your life for a few years, there is no better experience.
I'm 29 and get to sit at the table with execs of a variety of different sizes from publicly traded to start up across all kinds of industries.
Its really challenging work, and great experience.
Let the MB answer any questions you may have.
The company I work for is not a 'big 4', but we do a lot of implementation work for PE firms. We also have had a few projects working to implement some McKinsey strategic plan that clients have no idea Wtf to do with.
It's an extremely fast paced world that takes a toll on your personal life. But, if you can afford to travel every week of your life for a few years, there is no better experience.
I'm 29 and get to sit at the table with execs of a variety of different sizes from publicly traded to start up across all kinds of industries.
Its really challenging work, and great experience.
Let the MB answer any questions you may have.
Posted on 11/25/13 at 10:08 pm to LSUtoOmaha
Things are good...role really has not changed at all. Bit of a good thing but also a negative that things are still the same.
Posted on 11/26/13 at 10:40 am to lynxcat
I have an offer with a smaller private consulting company in houston. They are based out of NY but the Houston office specializes in O&G which is nice because you don't have to travel as much since every other project is in Houston. It's for a manager position and its between this and a PE company I'm waiting to hear back from. Would love to hear peoples opinions.
Posted on 11/26/13 at 10:48 am to barry
My Dad's retiring next month and they're trying to get him to come back in as a consultant. How much experience do they need for consulting in O&G?
Posted on 11/26/13 at 10:51 am to yellowfin
quote:
My Dad's retiring next month and they're trying to get him to come back in as a consultant.
When people are consultants at operators like Chevron, they are more technology consultants. Its basically a fancy way of saying "hey, we know you want to retire so come back on as a consultant and you won't have any well defined responsibilities but we will pay you more money"
This is business/management consulting. So they do hire plenty of former management people but its very different in what each one does.
Posted on 11/26/13 at 11:02 am to barry
quote:
"hey, we know you want to retire so come back on as a consultant and you won't have any well defined responsibilities but we will pay you more money"
hey that sounds awesome
Posted on 11/26/13 at 11:07 am to yellowfin
quote:
hey that sounds awesome
It is. I know a bunch of older guys and they love it. They don't work nearly as much either. Giving them the consulting tag allows the company to have a lot more freedom with their pay and obviously they aren't part of their review system or anything. In this day and age where they have more cash than they know what to do with, its a luxury they can afford.
Posted on 11/26/13 at 3:53 pm to barry
What specifically will you be doing as a consultant? What are you wanting to know exactly?
Posted on 11/26/13 at 4:25 pm to MStant1
quote:
What specifically will you be doing as a consultant?
Business Consulting. It could be a variety of things in that arena, but it will probably have a operations focus.
quote:
What are you wanting to know exactly?
comments on the lifestyle, work, career opportunities, etc. I know it varies from firm to firm but just curious.
Posted on 11/26/13 at 7:45 pm to USLttarP
Posted on 11/26/13 at 9:33 pm to barry
quote:
comments on the lifestyle, work, career opportunities, etc. I know it varies from firm to firm but just curious.
So the lifestyle can be rough, yet rewarding. There is a tendency at times to be the client's B. Irregular hours are your regular hours in consulting. Expect that most weekends, holidays and vacations you will be flipping open the laptop. There is a sense of consistent urgency that exists within consulting that I don't seem to notice from people in "industry".
Career opportunities are generally abundant. It does tend to taper a bit once you move above middle management level; however, the tapering is more from a quantity standpoint. Quality of opportunities tend to increase with level from what I've seen.
While one does tend to work irregular hours, I believe you have much greater flexibility than working a standard boss. One generally doesn't have a boss they report into daily. One generally reports to their team. There is generally much greater self ownership of your own career. You make your opportunities,and you generally don't wait to be assigned a role as you should be acting a role above as is.
Posted on 11/26/13 at 9:36 pm to USLttarP
I work as a consultant on the trading technology side of the hedge fund industry. It's demanding and our clients don't have much clarity into how things work or realistic timelines, which makes it frustrating for them as well. On the plus side, I do get a lot of access to the industry I eventually want to work in and have worked on some really interesting projects. Also, I rarely travel as most of my clients are in same city as my office. I imagine most implementation work is somewhat similar.
This post was edited on 11/26/13 at 9:42 pm
Posted on 11/27/13 at 9:17 am to Chris Farley
Chris Farley, could you elaborate more on the specific role you have? Do you do mainly project management with other vendor solutions, or do you actually work on the application development side of things? Also, I'm assuming you are in the Northeast?
I'm in technology project management with a large bank, but looking to make the move to consulting and what you described really piqued my interest. If you'd rather take this offline then let me know and I'll put my email up.
Thanks
I'm in technology project management with a large bank, but looking to make the move to consulting and what you described really piqued my interest. If you'd rather take this offline then let me know and I'll put my email up.
Thanks
Posted on 11/27/13 at 1:44 pm to jso0003
Yea, I'm based out of NYC. My firm makes a trading/portfolio management/operations platform that integrates with other vendors, brokers and third parties. I'm in a client facing role as opposed to development but do have a decent understanding of how the software works and get fairly involved from time to time.
Would be happy to tell you more about the role if you are interested and want to post your email.
Would be happy to tell you more about the role if you are interested and want to post your email.
Posted on 11/27/13 at 3:13 pm to Chris Farley
Thanks
This post was edited on 11/27/13 at 4:25 pm
Posted on 11/27/13 at 3:59 pm to jso0003
Cool, got it.
Posted on 11/29/13 at 12:23 pm to Tigerbait46
quote:
I'll throw in my limited exposure to the management consulting. I work on the Advisory side of a Big 4 accounting firm but don't work on a lot of management consulting projects. I am pretty well connected with that side of the firm and have considered crossing over, but I think there are clearly better places to do MC, especially if you want to be doing enterprise level strategy work.
Deloitte has the only consulting practice of the Big 4 that is worth a shite
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