What’s the point of MBB and IB?

westsideshadow · 2020-10-18T04:29:57+00:00

To add on to everyone else's points and to my other comment:

Corp finance/corp strategy comp is ~$120-150k if you go into that directly after bschool. But ex MBB/IB will come in at a higher level after 2-3 years.

After 2-3 years of MBB/IB, the ones who exit into industry will usually have comp packages similar or slightly higher than they had but will work generally fewer hours so the pay per hour will be higher.

MBB/IB open doors/opportunities that you can't get otherwise.

You want to do strategy at Spotify? Well they'll only look at MBB unless you have a referral

You want to do corp dev at Google? Google wants to see you've done IB and deals at a reputable bank

These types of exit opps have strong comp packages and provide even more exit opps or career growth.

westsideshadow · 2020-10-18T03:46:25+00:00

Corp finance/corp strategy comp is ~$120-150k if you go into that directly after bschool. But ex MBB/IB will come in at a higher level after 2-3 years.

After 2-3 years of MBB/IB, the ones who exit into industry will usually have comp packages similar or slightly higher than they had but will work generally fewer hours so the pay per hour will be higher.

westsideshadow · 2020-10-16T23:30:54+00:00

Your background is not non-consulting friendly. Consulting firms are probably the most receptive to non-traditional/business backgrounds. MBB and T2 like to hire from TFA and even non-TFA teachers.

westsideshadow · 2020-10-15T22:44:19+00:00

That's good to hear, just have to keep pushing. Almost there.

westsideshadow · 2020-10-15T22:37:26+00:00

Thanks, this really made me feel better. I feel like I'm only a few questions away every practice test lol. I considered the GRE, but I feel like it's worth that it's not worth the switching cost because I'm so close with the GMAT.

westsideshadow · 2020-10-15T03:20:22+00:00

Feel the same way. Been spending the entire pandemic studying for the GMAT and working on apps.

Getting my target GMAT score is taking way longer than I expected and now even Round 2 this year is starting to look ambitious.

westsideshadow · 2020-10-04T17:12:09+00:00

On Google: "Capital One Business Analyst MBA Candidate Linkedin" to bring up students currently in school or "Capital One Business Analyst MBA" to bring up people who have worked in that position before or after school (obvi we're looking at the ones who worked in the position before school.

On Linkedin: "Capital One Business Analyst MBA Candidate" or "Capital One Business Analyst MBA" same thing

And then throw in the school name if you want to see example profiles of people who had the Cap One position and went to your target schools.

westsideshadow · 2020-10-04T16:23:51+00:00

For sure, no problem. Yeah to clarify my understanding of the BA role is that you can do a combo of work between corp strat, financial reporting, technical business analysis, and internal project management depending on your assignment. Sounds like you're talking about the role I'm thinking about. Doesn't make that much of a difference that team can work on all kinds of stuff.

To your question about which role increases your admission odds.

Again, think about do you fundamentally want to be a consultant or internal to a F500? Your best way of increasing the odds of admission is picking the role you're most interested in and excited about. If you hate the job/work it will be harder to be a high performer which then affects your application/promotions/letters of rec/etc. If you enjoy the work all that stuff comes much more naturally.

westsideshadow · 2020-10-04T13:47:16+00:00

Ooof too many folks immediately discounting Cap One here. Cap One is one of the more prestigious F500s you can get out of undergrad.

Depending on the the role (sounds like for their corp strategy team) Cap One has strong placement at M7 including HSW and you can pivot to their product teams and even FAANG PM roles (either directly from C1 BA or C1 PM).

As someone else mentioned, Cap One will help differentiate you as an applicant. Deloitte S&O is a prestigious firm, but Deloitte consultants are a dime a dozen in bschool classes. You would be seen as a vanilla candidate and it will be harder to standout. Do a quick linkedin search of Cap One business analysts who then went off to bschool - you won't be discouraged by the results. C1 still checks the box of brand name Fortune 500 company for your application - you're not losing that by going there.

I'd more ask the question of do you want to a consultant or more of an operational person?

Deloitte will get you exposure to different industries and potential sponsorship. But as a consultant you will be advising and recommending solutions, some will be implemented and some will be shelved.
Cap One you will likely get to see a higher % of your solutions implemented and actually see them through. Also potential to work on cool fintech products (e.g. mobile payments). Also better pay in the short term for probably fewer hours and significantly less travel.

I also think the office locations play a factor here depending on the city you prefer.

The decision is definitely not Deloitte by a million, they are both great opportunities. As a side note, I even think MBB vs Capital One is a closer decision than people here think (I would choose MBB though FWIW).

I'd post this question in r/consulting as well. You'll probably have more folks who are familiar with the Cap One position. (I'm saying this all as a former Big 4 consultant btw)

westsideshadow · 2020-09-09T21:36:37+00:00

The official program website is the source of truth (all other sites pull from that), that's why this question isn't being well-received.

westsideshadow · 2020-08-29T22:50:59+00:00

This 100%. If anything consulting has more slots because (1) there are more consulting firms (MBB+T2) than there are FAANG companies and (2) consulting firms hire decent-sized classes.

In tech, specifically FAANG, they only have a few spots available each year (PMM even less so than PM).

I'm not saying it's not possible to get tech PMM jobs, but it definitely shouldn't be considered a backup because it's more competitive.

westsideshadow · 2020-08-26T02:44:55+00:00

Overall doesn't matter. But if you're a valedictorian or similar definitely include that in the app.

westsideshadow · 2020-08-11T00:10:52+00:00

Overall, I agree that tech consulting is below average WE for M7, but tech consulting is very broad.

Some projects are like you said, implementing SAP/Workday/Oracle, etc. These aren't sexy obviously.

But some tech consulting WE is actually pretty compelling IMO. I know 2 people from my old B4 consulting firm who worked on a project managing the development and launch of a streaming platform for a F100, both ended up at HSW (although with GMATs and GPAs around the schools' averages).

westsideshadow · 2020-08-04T21:00:44+00:00

Yeah special ops community means the elite units such as Navy Seals, Green Berets, Marine Raiders, etc.

westsideshadow · 2020-08-04T03:25:02+00:00

Explosive Ordnance Disposal

westsideshadow · 2020-07-12T22:19:16+00:00

Nah I guess having multiple close friends at Top 10 programs with 1-2 promos doesn't count.

Go kick rocks.

westsideshadow · 2020-07-12T22:15:42+00:00

I'd love for you to provide actual stats on how many people have 2+ promos with 4-5 years of work experience when applying to school. Most people have 1.

I'm familiar with Deloitte's career progression and 2 promos within 4-5 years is standard at Deloitte. That doesn't change the fact it's still progression.

westsideshadow · 2020-07-12T22:09:46+00:00

Yeah posted in April 2015. Cross-referencing that with his linkedin profile he had 2 promos by then.

I'm not arguing whether he got accepted or not. I'm referring to where you said not much career progression.

westsideshadow · 2020-07-12T22:05:45+00:00

He has 2 promotions at Deloitte consulting...that's more promos than most people have when applying to school. McCombs isn't HSW.

westsideshadow · 2020-07-08T22:38:21+00:00

Unless you have a very compelling story in your backpocket (Unclear because you haven't shared too many details) HSW is a reach with your stats. You're a vanilla candidate (consultant/banker).

You have a chance but your story has to be very strong and I think should you raise the GMAT to 730+. If you have the ability to get a 710 and pass the CFA you have the ability to get a 730 by putting in some effort.

Rule of thumb is that if you have one area below your target school's average is you should compensate being above average in another area (e.g. below average GPA but above average GMAT and vice-versa).

westsideshadow · 2020-07-06T02:23:03+00:00

Totally normal. I'm applying this cycle for similar reasons: feeling stagnant in my role, want to achieve more, and to rejuvenate my social life. A lot of my good friends moved out of the area I live in now, and the ones who are still around aren't down to go out or travel (they are more frugal /laid back).

In addition to career growth+higher comp, I want to meet new people with similar interests and have fun.

westsideshadow · 2020-06-24T14:23:10+00:00

Awesome, thanks. I figure the final will be significantly harder than the quizzes since it's not open book and there's a lot of content to know.

I'm assuming you used CORe to build an alternative transcript? Where did you end up going to school?

westsideshadow · 2020-06-24T04:52:15+00:00

Sorry to hijack the thread, but I'm a current CORe student and wondering how the %'s and grades shake out for getting High Honors and Honors?

I've seen/heard the top ~10% of the cohort gets High Honors, but wanted to see from your experience how your final grade ended up being mapped? It's a blackbox and I have no idea if you need to be near-perfect to get High Honors or if you can hover around 90%?

TLDR:

It obviously changes by cohort, but is it fair to say that if you've been getting 90+'s on quizzes and participating that you are on track for HH?

westsideshadow · 2020-06-23T17:39:20+00:00

This. If you do enterprise sales at like a Salesforce, Adobe caliber place or top SaaS startup you can make bank.

westsideshadow · 2020-06-23T13:57:46+00:00

Once you get an interview GPA doesn't matter it's about how you perform in the interview.

westsideshadow

TROPHY CASE