New data from. In order to identify "top feeder" colleges, we relied on publicly available data . Poets&Quants previously reported the staggering first-year salaries being reported by investment bankers working in the industry. As an entrepreneur, Francesco founded two companies in Europe and Asia in the entertainment and EdTech sectors. I dont think its controversial to say that these firms are a clear tier ahead of their competition. Email us. These schools have already spent a ton of time screening for high performance. al. Bain & Co.s target list for the ExperienceBain program includes the most schools, and it is much more global, including MBAs from HEC Paris, IESE Business School and ESADE in Spain as well as such U.S. programs as Brigham Young Universitys Marriott School of Management, Indiana Universitys Kelley School of Business, and the University of Texas Jindal School of Management in Dallas (see Bains 40 Target Business Schools). Candidates from a top-tier bank, such as Goldman, JP Morgan, Barclays, Morgan Stanley, Bank of America or Citi, account for 14.1%, of the MBA students in the Harvard class. Also found within this tier are two international schools: Cambridge University and Erasmus University of Rotterdam. "The INSEAD community, while extremely accomplished, is also surprisingly modest and down to earth," Manlow said. Duke was the sixth highest feeder college, with 23 students, just behind Princeton. * The Big Four accounting giant, headquartered in New York City, hires interns across the country, with four of the top five feeder schools located in or near major cities in the Eastern United States. All of these schools have relatively even representation at all of the MBB firms. Check out our article on networking to learn how you can network your way into the MBB firms using these methods. So, what happens if you are not from one of these schools? I'm still mostly convinced that NYU dominates because they're based in New York, but a win is a win. As a consultant, Francesco joined BCG in the Milan office, where he worked on projects in the energy, industrial goods, and consumer goods sectors. McKinsey Early Access is open to all full-time MBA students in the United States who are part of the class of 2024. Relative to investment banking, this list of consulting target schools has much less obvious break points. 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. Email us. 131 students from the school joined McKinsey, Bain, or BCG. they are going to prefer someone from Bain or McKinsey over Accenture. Find out which career is right for you and follow these steps to make the right decision. Its exceedingly true that these schools perform excellently on a per capita basis. Of those, nearly 20% hail from six schools: University of Toronto, Northwestern, Harvard, University of Michigan, Dartmouth College and the Georgia Institute of Technology. Copyright 2023 Poets&Quants, Inc. All Rights Reserved. This is Susan Krinsky at LSAC with the February edition of "Keeping Up to Data.". It is also important to note that the schools above are MBA-level targets. <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) That's what's stuck in the heads of many prospective consultants. "Many applicantssaythat they will add to the diversity of the cohort but don't go one step further to show exactly how they will do that and how their classmates will benefit from their presence and participation," Coward said. The data provided by State had specifications: it counted the school where . 1spot when ranking top international MBA programs four years in a row, and the international b-school was also first for five years in a row in the Fortuna MBA Rankings for European business schools. 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. a GDPR, to your data being processed in the USA. To get a job at Mckinsey, Bainor BCG you willhave to have attended one of the MBB target schools and have graduated from there. The harsh reality is that coming from a non-target school, you will have fewer opportunities to network with MBB consultants. The next tier of most popular feeder schools make up nearly 14% of McKinsey recruits. Claremont-McKenna is launched into the top 10 and we also see Williams, Amherst and Davidson on this list now. But what I think ends up greatly influencing peoples initial decisions to pursue finance or consulting is the school they went to. Accordingly, the schools place multiple graduates into the MBB firms every year and thus warrant extra attention from them. Their dominance in MBB consulting is extremely impressive. The Connect with McKinsey program is available during the winter and spring months of the year and is designed to help students across North America in undergraduate and non-MBA master's programs create early connections with our colleagues and learn more about our recruiting process for full-time and internship roles starting in 2024. While it's true that a big draw to INSEAD is its status as the king feeder school for top consulting firms, Plavsic emphasized that admissions is not strictly looking for future consultants. 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. 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. Bain & Company. Pachisia added that learning about the school online can be as simple as reading and gathering information from the INSEAD website, followed by collecting insights from as many INSEAD graduates as you can. To help, WSOs 2022 Consulting Industry Report has compiled the top schools for recruiting and hiring targeted by 57 of the top consulting firms. But that won't be enough to make the cut. The Vault ranking actually placed PricewaterhouseCoopers (PWC), Booz Allen Hamilton (BAH . Paschisia said. We also reported starting salaries for first-year consultants that, while not as high, were nothing to sneeze at around $75,000 with a $10,000 bonus. And 6.4% from UT McCombs attended The University of Texas at Austin. "In this regard, I would advise candidates to show the admission committee that they work well with people from diverse backgrounds and embrace different perspectives," Kang said. It becomes hard to isolate for pure undergraduate strength if you include any people with master's degrees. He is the #1 coach on PrepLounge.com for meetings done, where he completed more than 3.000 expert sessions. Harvard and University of Pennsylvania stand alone on this zenith of capitalist expression. According to Plavsic, INSEAD prefers its applicants to score at least in the 75th percentiles of verbal and quantitative for the GMAT. Since 2016, he organizes consulting boot camps in some of the leading universities in Europe. Consultant titles are way more confusing than investment banking ones there is definitely less uniformity across peoples LinkedIn titles, but we think this filter is good enough. But other schools like NYU and my alma mater, Ivey, place significantly better in finance. You can always change your preference in the, Consulting Target Schools for the US MBB Offices, Entering Consulting from a Non-Target School. Curtis says that the more prestigious the firm, the harder it will be to get that first interview. Cross Timbers Intermediate Intermediate School 2934 Russell Rd Arlington, TX 76001 Phone: 817-299-3560 Fax: 817-561-3814 Principal: Gina Rietfors 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. I created a $3.5M savings process improvement project that was rolled out across the EU in 2020. Size: McKinsey (30K employees) and BCG (22K employees) are both much larger than Bain (10K employees). 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. "It needs to be more than you studied abroad for a semester as an undergraduate student.". To address this potential shortcoming in his essays and interviews, Low emphasized that he has high learning agility that could be translated to the quantitative arena. 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. But what about for students already enrolled in a school not on those top feeder lists? Sustainable Food Manufacturing, MIT Sloan | Mr. CPG Senior Manager/ Climbing Enthusiast, 20 different metrics job hunters would be strapped to find anywhere else, Stanford, Harvard & Wharton Also-Rans In Topsy-Turvy U.S. News MBA Ranking, Ten Biggest Surprises In The 2023-2024 U.S. News MBA Ranking, Whats New In Kelloggs Founder Focused Entrepreneurship Program, Seeking A New Look, Oxford Sad Partners With Legendary Fashion Designer Jimmy Choo, The $150 Million B-School Donor Who Is Also A Superstar In The Classroom, BCG Seeks Applicants For Springboard Pre-MBA Summer Program, Inside An Elite Experiential MBA Course: Kelloggs Global Initiatives in Management, The P&Q Interview: Berkeley Haas First-Ever Campus Sustainability Director, Texas McCombs Launches Online Masters Of Business Analytics, What Matters? In 2019, it dominated the other leading 35 US and European business schools and sent more than half of its graduating class into consulting. School Crossing Guard- Crossing guards are employed by the Anne Arundel County Police Department. Northwestern University was the top feeder school for the consulting industry, according to Wall Street Oasis 2022 Consulting Industry Report for February. David Jiang, class of 2019, explained that other prospective applicants he'd met had stellar backgrounds based on a more "orthodox" standard, while he was from what he described as "a pretty grassroots background." In fact, the McKinsey recruitment process is considered one of the most competitive processes in the corporate world with just a ~1% acceptance rate. Comments or questions about this article? Barbara Coward, an MBA admissions consultant who's advised applicants who have been successfully accepted to INSEAD, added that if a prospective student is interested in applying to INSEAD, she first reviews their resume to see how it aligns with the type of students that the school wants to see in its program. Which schools are the Big Three most drawn to when it comes to fueling their pipeline of talent? University of Southern California (Marshall), Harvard University and University of Michigan (Ross) rounded out the top feeder schools. Could be the money: User-reported data from jobs and news site Wall Street Oasis(WSO) shows a first-year analyst at Bain can take home as much as $82,000 a year plus an almost $9,000 bonus. In addition to coaching MBA candidates, she also shares her experiences with prospective students at regular INSEAD admissions events. We set the cut-off at 80 hires per year. Comments or questions about this article? We couldve easily cut this differently, but we think this tier is the last one where you still see the impact of traditional prestige. Ayush Pachisia, who is also part of INSEAD's class of 2020, added that the school's emphasis on multicultural collaboration is mirrored in the diversity of each MBA batch. Francesco is an interview coach, former BCG consultant, and tech entrepreneur. With this in mind, there are two main ways one can overcome the target school advantage: Sure, you might not have an elite school on your resume, but that does not mean your resume is immediately inferior to those with an elite school on them. Finally, we screened only for consultants with an undergraduate degree. We are most interested in who the target schools are today, so we only looked at people who graduated between 2014 and 2020. The result of this screen primarily focuses on U.S. schools, as they place much better into MBB. According to employees working in the field, the top feeder school to a top-tier consultancy firm is Northwestern University (home of Kellogg School of Management) with 2.2% of the 1,577 WSO survey respondents. "Primarily, saying that I want to join INSEAD because I want to enter the consulting industry isn't good enough. So do I have no chance if I study at another school? This implies that you still have to be the top one or two students in order to get an offer. Thats 35 WSO users now working in the industry, a 14% drop from Northwesterns share from last years report. Many people in consulting pursue buyside roles after realizing that they could be making 3 or 4 times as much money while doing relatively similar work. Were going to employ a similar approach to what we used for the. At a non-target school, its a little bit like swimming upstream, but it doesnt mean you cant get there. The top three feeder schools were Georgetown, American and George Washington. So, what are these target schools? After working a couple of years in the workforce, my intuition is that the kind of people that go into investment banking are quite similar to the kind that go into consulting. I think the main takeaway from this second screen is that your chances at MBB are still going to be solid if you go to a small liberal arts college. 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. By comparison, Harvard Business School graduates about 900, and University of Chicago Booth School of. We did this for data integrity purposes and to make it easier to compare the pure, unadulterated undergraduate schools. . Like the big investment banks on Wall Street, consulting firms also have their favorites. Harvard | Mr. PM Looking For Something New, Duke Fuqua | Ms. These programs (specifically McKinsey Early Access, BCG Unlock, and ExperienceBain) are not open to all schools; hence, we can assume that the qualifying schools are also the MBBtarget schools: Source:1. These two schools fetch twice as many hires into MBB than the next crop. (If investment banking is more your bag, you can find the top 25 feeder schools for that industry here.) Wharton, Michigan, and Harvard are the only schools that have representation at 100% of the top firms. Check out our consulting resume guideto learn how you can best frame your experiences and grab the attention of your resume screener. Columbia placing the majority of people into McKinsey). Consulting Career Path Roles, Salary, Progression. 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.

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