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Stay up to date with what you want to know. According to the data, McKinsey has the fewest target schools at 17, BCG is next with 27 schools, while Bain accepts 30 schools for its program, the most out of the three. Read more about WSOs report methodology here. Brussels-based Cathy Manlow is an INSEAD MBA graduate of the class of 2010 and an MBA admissions consultant at Stacy Blackman Consulting. INSEAD is a top feeder school to the biggest names in consulting. Could be the culture: When it comes to employee reviews of leading consulting shops, MBB leads the pack for overall employee satisfaction, professional growth opportunities, career advancement opportunities, feedback about job performance, fairness in how workers are treated, and a plethora of other job satisfaction ratings. the top three consulting firms were also the top three recruiters. To connect all the dots, Jiang also asked his parents, classmates, friends, and colleagues from different stages of his life to recall what kind of person he was to them, and if there were any particular events or anecdotes they remembered about him. Maybe we'll add an EU version down the road. The percentage of students who chose consulting careers by function climbs up to 46.3% with median starting salaries of US $ 145,000 and sign-on bonuses of US $ 25,000. Harvards dominance becomes even more apparent in this screen. Targets - There is a crop of elite schools (and somehow UC Berkeley slid in here) that solidly place into MBB every year. In fact, the McKinsey recruitment process is considered one of the most competitive processes in the corporate world with just a ~1% acceptance rate. Pachisia shared that he wrote about a business trip he had made to China to set up an analytics team. Check out the top feeder schools for Amazon, Apple, Facebook, and Google below. Manlow leveraged her INSEAD MBA to pivot from banking in New York at firms including Deutsche Bank to founding her own artisan chocolate company in Belgium, Cocoa Journey. 50 Successful Essays To The GSB & HBS. 80-100 placements over 7 years means that these schools all send roughly 10-15 students into these top firms every year. Next Page: Advice For Students Not at a top Feeder School + The Top 25 Feeder Schools for Top Consulting Firms. WSOs May 2018 Consulting Industry Report shows that of its 1,555 users who currently hold positions across more than 100 different consulting firms, 142 are employed by McKinsey. Even more importantly, he said this networking prepared him extensively for the INSEAD interviews with alumni. if("undefined"==typeof window.datawrapper)window.datawrapper={};window.datawrapper["UWyfH"]={},window.datawrapper["UWyfH"].embedDeltas={"100":1337,"200":1194,"300":1135,"400":1110,"500":1093,"700":1068,"800":1051,"900":1051,"1000":1051},window.datawrapper["UWyfH"].iframe=document.getElementById("datawrapper-chart-UWyfH"),window.datawrapper["UWyfH"].iframe.style.height=window.datawrapper["UWyfH"].embedDeltas[Math.min(1e3,Math.max(100*Math.floor(window.datawrapper["UWyfH"].iframe.offsetWidth/100),100))]+"px",window.addEventListener("message",function(a){if("undefined"!=typeof a.data["datawrapper-height"])for(var b in a.data["datawrapper-height"])if("UWyfH"==b)window.datawrapper["UWyfH"].iframe.style.height=a.data["datawrapper-height"][b]+"px"}); Comments or questions about this article? 6.3% of McKinsey recruits went to Penn, as well as 4% of BCG recruits. Of the 1,577 users who currently hold positions across the 50-plus consulting firms, 168 are employed by McKinsey. See a list of all the MBB target schools in the US. Top Targets - Harvard and University of Pennsylvania have placed ~2x the amount of people into MBB than the following targets. This data also suggests that consulting is relatively more popular than investment banking at Harvard, given how there are meaningfully more MBB hires at Harvard than investment bankers. WSOs 2022 Consulting Industry Report takes this user-reported data to provide insight into nearly 20 different metrics job hunters would be strapped to find anywhere else: How many hours employees work per week, for example, or how fair the company is when granting promotions. . Pachisia suggested that INSEAD candidates spend significant time on their essays and video interviews and avoid being in a hurry to submit their application until they've done their due diligence. This tier of schools all have very respectable placement figures and consistently place into MBB. MB also have a significantly larger geographical footprint both within the US and internationally. Harvard | Mr. PM Looking For Something New, Duke Fuqua | Ms. Harvard, Stanford, Wharton and many other business schools, for example, never reveal their major employers. Want to know if your school is a go-to institution? (If investment banking is more your bag, you can find the top 25 feeder schools for that industry here.) Manlow said that INSEAD is "incredibly competitive" in terms of the number of international candidates. You can always change your preference in the, Consulting Target Schools for the US MBB Offices, Entering Consulting from a Non-Target School. Contribute to our Q&A forum and ask the community your question! After BCG, he worked in venture capital in Germany as an angel fund associate. McKinsey, for example, is going to be a lot harder in terms of the resume filter, he tells Poets&Quants. Insider mined application advice from current students and recent graduates, as well as two MBA admissions consultants who frequently guide applicants on exactly what it takes to interest the INSEAD admissions committee. An MBA alum from the Amsterdam office of Monitor Deloitte comes regularly on campus to recruit for . Therefore, we can consider the list above as a data-based subset of the target schools in the US. But the first time she took the exam, while she scored well on verbal, she was outside the range she wanted on quant, so she knew she had to work harder to increase her score. The deadline for McKinseys Early Access program this year is May 13th. Next, we filtered for employees in the U.S. and Canada. So, if you are from a target school, do not rest on your laurels; if you are not from a target school, work on improving your profile and network, and you may very well end up with interviews as well. Some of the top feeder schools to the consulting industry include London Business School, Kellogg School of Management at Northwestern University, Columbia Business School, and the MIT Sloan School of Management all top-ranked MBA programs that are well-known in the business school world. Curtis says that the more prestigious the firm, the harder it will be to get that first interview. How did you create impact or lasting change? These two schools fetch twice as many hires into MBB than the next crop. Could be the money: User-reported data from jobs and news site, Which schools are the Big Three most drawn to when it comes to fueling their pipeline of talent? I do think that using the annual class size poses some issues of its own, but I think it's the best we can do without overcomplicating things. They include the University of Pennsylvania, Duke University, Brigham Young University, Rice University, The University of Sydney in Australia, and the University of Chicago, Stanford University and Cornell University. Harvard and University of Pennsylvania stand alone on this zenith of capitalist expression. Paschisia explained how he found networking with alumni as "definitely indirectly helpful.". Many events are also cancelled, which you can keep track of on the school's COVID-19 Response page. Paschisia said. To help, WSOs 2022 Consulting Industry Report has compiled the top schools for recruiting and hiring targeted by 57 of the top consulting firms. When you review the data, you see there are also a handful of schools that only have between 10-15 hires into MBB over the past 7 years. Hourly Services: Starting $395/hour. "That will speak to your values and show a commitment that's not just superficial.". If your school is in this range, the statistics are pretty bleak because it implies that only 1 or 2 people per year are getting hired into MBB. Target schools for MBB: 10% of the Consultancy hires are from the top 5 school. This tier includes the usual suspects like Yale, Stanford, and Princeton. The list goes on, meaning that parent universities are often the #1 undergraduate feeder into an MBA program. Coward added that the fact that the world has changed dramatically since the last admissions cycle provides a special opportunity to showcase what you're doing in relation to INSEAD's motto. Note that we can assume the schools highlighted above are target schools in the US. "In working to fix this weakness, I mentioned [in my application] that I hoped to develop into a leader who motivates other members and brings out the most in them," he said. Thats 35 WSO users now working in the industry, a 14% drop from Northwesterns share from last years report. If the impressive salaries are enticing, it helps to know a little something about breaking into the industry. MBB refers to McKinsey, BCG and Bain, which are commonly understood to be the top 3 consulting firms globally. Patrick Curtis, founder and CEO of Wall Street Oasis, expects competition for top business school talent to continue to boost salaries in both industries over the next couple of years. Coward added. "The INSEAD community, while extremely accomplished, is also surprisingly modest and down to earth," Manlow said. Boston Consulting Group, 3. This tier is filled with the other traditionally strong schools and includes Columbia, Vanderbilt, and Georgetown. The Boston Consulting Groups 28 business schools for its BCG Unlock program is U.S.-centric, with one Canadian program on the list, the University of Torontos Rotman School of Management (see BCGs 28 Target Business Schools). I love deconstructing them into sub-systems and isolated components in order to find a solution to a problem or an opportunity for growth. Which schools are the Big Three most drawn to when it comes to fueling their pipeline of talent? "It needs to look spontaneous and natural, so prepare but don't overprepare for the video interview," Pachisia said. Intermediate Schools. The percentage of INSEAD MBAs going into the consulting sector generally ranges from between 30 to 40 percent. "Reading [the website] page to page will give you all the information around vision, placements, curriculum, etc.," Pachisia said. Subscribe for Free Business and Finance Resources, If youre a consultant thinking about private equity, you should check out our, In this post, were going to apply a data-driven approach to determine what the target schools are for management consulting. These firms charge their clients higher fees, pay their employees more, and generally have better exit opportunities. How Do I Know Which Career Is Right for Me? As of February 12, we are just over 60% of the way toward the final applicant count, judging from last year. 50 Successful Essays To The GSB & HBS, Stanford, Harvard & Wharton Also-Rans In Topsy-Turvy U.S. News MBA Ranking (83,949 views), Ten Biggest Surprises In The 2023-2024 U.S. News MBA Ranking (30,357 views), 100 Best & Brightest MBAs: Class Of 2023 (22,488 views), The $150 Million B-School Donor Who Is Also A Superstar In The Classroom (21,553 views), Poets&Quants 2022-2023 MBA Ranking: A Surprising Change At The Top (8,749 views). It has almost 900,000 registered users who report a trove of data on the companies where they work. In this tier, we start to notice that some schools have a disproportionate amount of placements into a specific firm (e.g. al. We set the cut-off at 80 hires per year. The University of Washington's computer. "Their input helped me know many things about myself that I didn't even think of or realize, even vulnerabilities," Jiang said. Screen for North American Consultant Roles (~8k people). And do I have a chance even if I didn't go to one of the schools listed? There are truly a lot of people who end up doing a 1 or 2-years master's program immediately after their undergraduate program who end up going into consulting. According to field employees, Northwestern University (home of Kellogg Institution of Management) is the top feeder school to a top-tier consultancy company. "This is a common misconception and some applicants especially if they are undecided on future goals feel like they need to outline a clear path to consulting togain admittance, which is not the case," she said. "You want them to know you embrace this difference," Ricketts said. Second-tier schools for McKinsey appear to be Stanford University, Duke University, Princeton University, and Boston College. Whatever the case, the MBB trifecta is one big magnet for undergrads who are chasing their big break into the consulting industry. Perhaps it shows us that some of the weaker schools have more lopsided relationships with the different firms, but I dont think having a meaningfully higher McKinsey % is the sign of a much better school. This implies that you still have to be the top one or two students in order to get an offer. "Make it more than a bullet point on your resume," Coward said. About MISD. The differences in revenue are similar. We also only have work experience in North America, so we didnt feel comfortable validating and commenting on schools from around the globe. "Apply only when you are absolutely sure that you cannot do any better with the essays," Pachisia said, noting that he went through at least 15 to 20 edits for his essays over a span of three months, often asking different people to read it. View School Profile. "You've got a highly qualified, extremely diverse applicant pool of which you're a part and somehow you have to distinguish yourself, on top of having superior qualifications than the majority of candidates," Manlow said. While these mainstream recruiters of MBA talent, offering internships and jobs to hundreds of MBAs every year, closely guard the lists of their business school favorites, they tip their hands in revealing targeted programs for their pre-MBA summer programs. Thankfully, there is an easier way to identify these schools at the MBA-level for the US offices. I recognize that this actually filters out a lot of people. Comments or questions about this article? The combined prestige of firms McKinsey & Company, Boston Consulting Group, and Bain & Company is a well-known fact in the world of management consulting. <p> Targets at all 3 Harvard (National) Yale (National) Princeton (National) Stanford (National) MIT (National) Penn (National) Duke (National) Dartmouth (National) Brown (National) Northwestern (Chicago offices) U of Michigan (Chicago offices) Cal Berkeley (San Francisco offices) Georgia Tech (Atlanta offices) UNC (Atlanta offices) Harvard and University of Pennsylvania stand alone on this zenith of capitalist expression. In this program, students will join small interactive case workshops as well as activities to sharpen your interview skills, engage in virtual social activities and hear from exciting panelists and speakers, according to the firm. School Safety & Security; Boundary/Feeder; Green Schools/Recycling Program; Title I; Evening High School; Summer @ AACPS; Redistricting; The five companies selected include Mckinsey and Company, Bain and Company, Boston Consulting Group (BCG), Deloitte and Accenture. <br><br>Private Equity Fund Finance & Operations professional with a specialisation in Private Equity, Credit and Venture Capital during the week.<br><br><br>Specialities:<br>Global Product Strategy . Apr. A good number of aspiring consultants want to know how to score a spot at one of the big three firms: McKinsey and Company, Boston Consulting Group, or Bain & Company.
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