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Big 4 Consulting

Posted on 4/13/15 at 8:35 am
Posted by Porker Face
Midnight
Member since Feb 2012
15319 posts
Posted on 4/13/15 at 8:35 am
What advice would you give a young person trying to break into consulting at one of the Big 4 (Deloitte, KPMG, PwC, EY)?
Posted by OceanMan
Member since Mar 2010
19969 posts
Posted on 4/13/15 at 8:57 am to
Go to a school that they actually recruit from. That doesn't really include any SEC school sand vandy. Not impossible frim other schools, but much more of an uphill battle.

Prepare to wrok long hours, and travel. Traveling might sound like no big deal, even fun, right now; but it gets tiring week after week.
Posted by Danny Woodhead
Member since Oct 2013
694 posts
Posted on 4/13/15 at 9:04 am to
quote:

What advice would you give a young person trying to break into consulting at one of the Big 4 (Deloitte, KPMG, PwC, EY)?


Do the LSUCIA program.
Theres probably 100 jobs every year just with that program, and over half are probably big 4. They are huge sponsors of the program

If not that, get a technical business degree at whatever school you attend (I'd recommend accounting, finance, or MIS/ISDS) and reach out to the firms in your desired city.
They hire tons and tons of youngins every year for various roles
Posted by whodatigahbait
Uptown
Member since Oct 2007
1749 posts
Posted on 4/13/15 at 10:55 am to
quote:

quote:
What advice would you give a young person trying to break into consulting at one of the Big 4 (Deloitte, KPMG, PwC, EY)?


Do the LSUCIA program.
Theres probably 100 jobs every year just with that program, and over half are probably big 4. They are huge sponsors of the program

If not that, get a technical business degree at whatever school you attend (I'd recommend accounting, finance, or MIS/ISDS) and reach out to the firms in your desired city.
They hire tons and tons of youngins every year for various roles


consulting and Internal audit are not synonymous.

Best advice get your masters of ACCT from a school that big 4 recruits directly into their consulting departments
Posted by sneakytiger
Member since Oct 2007
2471 posts
Posted on 4/13/15 at 11:15 am to
Are you trying to get into a true "Consulting" group or into "Advisory"? B4 consulting arms might as well be separate firms, but their advisory practices are often much more accessible, particularly for someone with an audit or tax background.
Posted by MStant1
Houston, TX
Member since Sep 2010
4527 posts
Posted on 4/13/15 at 11:34 am to
quote:

What advice would you give a young person trying to break into consulting at one of the Big 4 (Deloitte, KPMG, PwC, EY)?


Depends on what you are defining as "consulting". The only one of the Big 4 that still has a distinct "consulting" arm is Deloitte. The rest have what they call Advisory practices. In truth it's becoming more and more that the distinction between advisory and consulting is extremely blurred. The main distinction tends to be that majority (not all) of advisory work tends to be more technical and granular (e.g. operational units, back-office functions,etc.) than work done by McKinsey, Bain, BCG, etc. Core consulting tends to deal with more high level strategy, etc.

In terms of how to break in, the best way is to get an internship. Beyond that there isn't one thing you should or shouldn't study. It doesn't matter. Also look to see if there is a particular "rotational" program that they offer. For example, EY offers both the Business Advisor Program and the Technology Program within their FSO Advisory service lines. Neither are truly "rotational", but it does provide opportunities to bounce various advisory lines.

ETA: I'm assuming you are still in school. If you already have work experience, then my answer will change slightly.
This post was edited on 4/13/15 at 11:36 am
Posted by Porker Face
Midnight
Member since Feb 2012
15319 posts
Posted on 4/13/15 at 12:04 pm to
I suppose I am talking about more of a strategist role

This is something me and some friends were discussing, perhaps me the most seriously. I graduated in May 2014 as an engineer and have been working for a consulting engineering firm
Posted by MStant1
Houston, TX
Member since Sep 2010
4527 posts
Posted on 4/13/15 at 12:28 pm to
If you are interested in true blue management/strategy consulting, then Big 4 isn't the place. McKinsey, Bain, Deloitte Consulting (not advisory), BCG are what you want. The best way to get into one of those places is to go to a top 10 MBA program.

Engineering consulting is out of my wheelhouse, though.

Posted by Larry Gooseman
Houston
Member since Mar 2014
2655 posts
Posted on 4/13/15 at 12:37 pm to
I work for Uncle Peat's Management Consulting group in Houston. Did a few years in Audit first.

I know we hire engineers to do Cost Segregation stuff and some into our Oil & Gas practice, beyond that I do not know.

My concern for you at this point is 1 year of experience....what kind of consulting stuff are you doing now?

Although we did just acquire a strategy division, the majority of what our advisory/consulting is systems related, help you with systems architecture, IT project mgmt, implementation, etc.

If you want to do Risk Consulting (compliance work) then LSUCIA will get you hired at any of the big 4.
Posted by schexyoung
Deaf Valley
Member since May 2008
6534 posts
Posted on 4/13/15 at 12:44 pm to
quote:

That doesn't really include any SEC school sand vandy. Not impossible frim other schools, but much more of an uphill battle.


They recruit/sign nearly 100 LSU students a year. Most of them go into Risk Advisory from the IA track.

Do you know anyone in the BIG 4 right now that could introduce you to a Manager at least? Keep your GPA high, get your MS, and pass some certification tests if you can qualify.


ETA: Just saw the engineering aspect

I have one EE friend who works for Alliant Group in Houston. They are an engineering / CPA consulting firm. Maybe check them out.
This post was edited on 4/13/15 at 12:58 pm
Posted by Lou Pai
Member since Dec 2014
28092 posts
Posted on 4/13/15 at 1:10 pm to
The 3 firms you mention are the most "prestigious", but by no means is that a comprehensive list.
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23483 posts
Posted on 4/13/15 at 1:41 pm to
I have two friends at my institution who got hired by BCG last year. One is a physician and the other is an biomedical engineer.
BCG and McKinsey, hold recruiting session every year at my work place. they recruit mostly NON-Buisness majors who hold high degrees MDs, PhDs and Attorneys.

I heard their work environment sucks

good luck though
Posted by The Bobster
Uptown Dallas
Member since Aug 2012
129 posts
Posted on 4/13/15 at 4:45 pm to
quote:

consulting and Internal audit are not synonymous.



This is certainly true, but getting your foot in the door is difficult when you aren't at a target school. I went through the LSUCIA program and I am at a mid-tier firm (GT/BDO/Mcgladrey). I've worked in internal audit for a few years now and I will be making the transition to the Valuations group within the firm. Granted it's not exactly consulting per se, but it falls under the consulting arm at my firm.
Posted by Porker Face
Midnight
Member since Feb 2012
15319 posts
Posted on 4/13/15 at 5:29 pm to
Good stuff yall

It sounds like I have a lot of work ahead of me if this is what I want.

ETA: Sounds like an MBA may be in my future. Thats ok with me...I'd much rather do that than get a masters in engineering someday
This post was edited on 4/13/15 at 7:27 pm
Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
19860 posts
Posted on 4/13/15 at 8:01 pm to
Consulting at the Big 4 is limited due to their audit practices. Consulting projects for audit clients can create conflicts of interest, or the appearance of conflicts. You might want to consider one of the consulting businesses that were spun off from the big accounting firms (there used to be more than 4) instead of the scaled back consulting practices retained by the Big 4.
Posted by Jawja_Joe
Member since Sep 2014
1386 posts
Posted on 4/13/15 at 8:18 pm to
Get your cpa and network like crazy, join your chamber of commerce and get connected... become partner at big 4...then take a cfo gig with one of your clients
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 4/13/15 at 8:31 pm to
quote:

I suppose I am talking about more of a strategist role

This is something me and some friends were discussing, perhaps me the most seriously. I graduated in May 2014 as an engineer and have been working for a consulting engineering firm



If thats what you want to do, you need to look for a different job. Sounds like you are doing a highly technical job, try to move into something more business oriented such as operations.

Where is your undergrad from?
Posted by Porker Face
Midnight
Member since Feb 2012
15319 posts
Posted on 4/13/15 at 8:55 pm to
I know I need to look for a different job...hence this post

My current field is 100% technical and it sucks. I don't even want my boss's job or my boss's boss's job. That's when I realized I probably need a change. However I am so "one-suited" now that it seems like getting any decent job outside this industry will take a lot of work but I am willing to do it. I graduated May 2014 in civil engineering at Arkansas. I thought in my current industry at least there would be a path to talking to people, solving a variety of difficult problems and making things happen. None of those are the case.

What really grinds my gears about my current job is I feel like I have a decent set of skills yet I am totally opposite of the model employee for the company. I much prefer using my "soft skills" where all my coworkers are happy being design engineers and never talking to clients and never solving any real problems. That sounds like a nightmare to me.

My father was a top salesman for many years at a variety of companies all now in the Fortune 500. That was always how I saw my career going. I thought I could bring social skills usually uncommon in this industry to make my way out of the technical side.

TLDR, square peg round hole I guess
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 4/13/15 at 9:56 pm to
I spent 4 years doing design engineering work before switching to ops and sales. Did that for 3 years, got my MBA and now I'm a management consultant specializing in O&G, so it can be done. You are still young enough to possibily get into consulting right now, granted it won't be at the most presitgious firm. I'd try applying to any entry level consulting gig you can find.

You may just have to go the route i did and parlay technical experience into a business role in the same industry though.
Posted by Porker Face
Midnight
Member since Feb 2012
15319 posts
Posted on 4/14/15 at 6:00 pm to
well ^this sounds like me

thanks for sharing your experience
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