Both the Boston Consulting Group and Bain & Co. have more expansive lists, with BCG having 28 MBA programs with favored status while Bain boasts 40 different programs. Also, since they already recruit at these schools the students know about the opportunities. All these other schools are not feeder programs for MBB. He also made it a point to note cultural differences in different places when he traveled overseas for leisure. Accordingly, the schools place multiple graduates into the MBB firms every year and thus warrant extra attention from them. To get into this prestigious program, you'll need to showcase a robust international resume. Since 2016, he organizes consulting boot camps in some of the leading universities in Europe. The chart below shows the top 25 feeder schools to the 10 consulting firms with the higher number of recruits in the past year. Directory of Schools - Mansfield Independent School District. Data is reported by WSO users who actually work in the consulting industry. Like most people in private equity, I come from an investment banking background. Intermediate Schools. In reality, this data point doesnt reveal anything too insightful. For reference, Harvard's acceptance rate is ~5%. As expected, there is no way the firms can give each of these applications the attention they deserve. 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. 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. "With limited time to deliver the project ask, we got to know each other through many cultural activities and dinners post-office and after the first week we found ourselves working smoothly," he said. 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. In order to identify "top feeder" colleges, we relied on publicly available data . The report we are looking at today is up-to-date as of this month and includes year-to-date data as well as data for the prior two years. In his own application, Low mentioned that as a leader, he sometimes focuses too much on efficiency, forgetting to motivate other team members or help them grow. If youre looking to join the ranks of the consulting elite, knowing which schools firms like to target is valuable information. "Many of these topics were new to me. Like the big investment banks on Wall Street, consulting firms also have their favorites. We also only have work experience in North America, so we didnt feel comfortable validating and commenting on schools from around the globe. "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. Copyright 2023 Poets&Quants, Inc. All Rights Reserved. MBA Plan Ahead Package: $4,995. To help, WSOs 2022 Consulting Industry Report has compiled the top schools for recruiting and hiring targeted by 57 of the top consulting firms. Curtis says that the more prestigious the firm, the harder it will be to get that first interview. For additional virtual resources currently offered, you can find a list of INSEAD's upcoming webinars here which are led by diverse groups within the school's community, including alumni and student clubs and read more about other online programs that the school is offering here. That was a 1% improvement from the previous year. Harvard, University of Pennsylvania, University of Michigan and Yale appear to be the best overall schools when it comes to recruiting for undergraduate consulting jobs. 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. 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. Every year, hundreds of candidates join the MBB firms from non-target schools. Harvard | Mr. PM Looking For Something New, Duke Fuqua | Ms. 2019-Mai 20201 Jahr 2 Monate. Brussels-based Cathy Manlow is an INSEAD MBA graduate of the class of 2010 and an MBA admissions consultant at Stacy Blackman Consulting. Of the big three MBB firms, McKinsey & Co. has the smallest target list of favored business schools. Strategy consulting is one of the most attractive career choices for recent graduates (and even experienced hires), and it is little wonder why: working at a top firm offers prestige, great career opportunities, and annual remuneration easily above $100,000 (for entry-level roles) a combination that few professions are able to match. "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. Its hard to bet everything on a consulting role if your school only sends a few people per year to the top firms. 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. Like most institutions, INSEAD has taken measures in response to COVID-19 to protect the health of its students and community. So, what happens if you are not from one of these schools? As of February 12, we are just over 60% of the way toward the final applicant count, judging from last year. All of these schools have relatively even representation at all of the MBB firms. At the end of the day, most bankers and consultants tend to just be highly motivated business people that want to have career optionality and make lots of money. #1 Expert for Coaching Sessions (3.600+) | 1.300+ Reviews with 100% Recommendation Rate | Ex BCG | 8+ Years of Coaching. Our Partner Sites: Poets&Quants for Execs | Poets&Quants for Undergrads | Tipping the Scales | We See Genius, About Poets&Quants | P&Q News Archives | Privacy Policy | Advertising & Partnerships | Editorial | Contact Us | Sign In / Register. After BCG, he worked in venture capital in Germany as an angel fund associate. 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. 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. Fallsgardencafe. The primary focus of the program is to introduce you to the profession of consulting, showcase our firm (our work, our people, and our impact), and to foster community among your MBA peers. WSOs reports are constantly changing based on new information users report to the WSO Company Database which includes more than 50,000 submissions across thousands of companies. With the hefty disclaimer on data out of the way, lets finally tickle the insatiable part of our brain that rewards us for feelings of esteem and prestige. "The odds seemed against me," Jiang said. Harvard, Stanford, Wharton and many other business schools, for example, never reveal their major employers. This list is pretty spot on, I agree that Georgetown does . Harvard | Mr. PM Looking For Something New, Duke Fuqua | Ms. The Social Impact Consulting Group at Penn is a non-profit, student-run organization that gives students the chance to accumulate real-world experience working with major companies. By popular demand, weve also compared the number of hires in this data with the size of each school. The top three feeder schools were Georgetown, American and George Washington. Wharton follows Kellogg with 126 students, and Chicago Booth School of Business is in fifth place with 123 students. These INSEAD alumni stories could be a good starting point. INSEAD, which has campuses in Europe, Asia, and the Middle East, as well as a new San Francisco Hub that had just opened in February before closing its doors soon after due to the coronavirus, has topped the charts as a consulting industry feeder for multiple years running. When a school only places 7 or 8 hires per year, hiring trends can be heavily influenced by a group of vocal alumni or a strong relationship at a specific firm. 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Another big difference is that the INSEAD MBA program is short and intense 10 months versus the typical two years of a US-based program a point that Ricketts said is important to acknowledge in any communication with the admissions team. This resulted in ~95k global profiles around the world. At this "Semi-Target" tier, we also see that some schools have significantly stronger relationships with different firms. "Thankfully, it paid off!". In short, the program gives the consulting firm an early look at incoming MBA talent. Even more importantly, he said this networking prepared him extensively for the INSEAD interviews with alumni. Apr. Each firm has its own preferred recruiting grounds; they will give extra attention to applications from these schools, and even go out of their way to court the students via networking and recruitment events. I would tell candidates that all is not lost if they dont fit into an MBB. Top Feeder Rankings (by total employed) Rank (Total) Institution # Employed Top Employer (Total) Top Employer (Share) 1: Carnegie Mellon University: 1,356: Google: Dropbox: 2: University of . Their dominance in MBB consulting is extremely impressive. Considering how well they also do in investment banking and private equity recruiting, I think its safe to assume that Harvard and University of Pennsylvania are the best overall schools when it comes to undergraduate business recruiting. The University of Pennsylvania is another perennially top-ranked consulting feeder program. "I mentioned my journalism experiences, during which I had to submit articles almost daily about different topics," Low said. "If you're passionate about making a positive impact on the world, let that shine through in your application as well," Manlow said. "Make it more than a bullet point on your resume," Coward said. Of the big three MBB firms, McKinsey & Co. has the smallest target list of favored business schools. Do you have questions on this blog article? Apply to be a school crossing guard. The combined prestige of firms McKinsey & Company, Boston Consulting Group, and Bain & Company is a well-known fact in the world of management consulting. 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 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. If you want to go the consulting path but still want to recruit for private equity, you should check out our Private Equity Recruiting Course to make sure you're fully technically prepared. McKinsey also hosts another program called Inspire for underrepresented pre-MBA students, including those who identify as Black, African-American, Hispanic, Latino, and/or Native American. 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. Professional travel has also been banned for INSEAD staff. The advice still rings true: financial institutions are still some of the best feeder companies to top business schools. 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. And if so, which schools are these in the US? But that's not its only claim to fame in the rankings. "One has to therefore come in with an attitude of being open and self-aware, instead of constantly aiming to portray a perfect or flawless image.". INSEAD is a top feeder school to the biggest names in consulting. "Your passion and commitment to be part of INSEAD can often be a game-changing variable that cannot be measured quantitatively," he said. "I took every conversation with an alum as an opportunity to improve my story and delivery for the future interview, which turned out to be a game changer when I actually had the interview." "The global pandemic caused severe economic hardship, as well as incalculable human suffering, in all corners of the globe," Coward said.
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