I've now done both for numerous years. There are certainly pros and cons of both, lay them on me!
If it ain't MBB, you don't get to act like you have management consulting experience anyone should envy. (Frankly, even if you have MBB experience it doesn't really mean much unless you made Partner.)
These are neither pros or cons. Your answer is useless. đ
If youâve done both you should know the answer by now. MBB is not the panacea in consulting, plenty of opportunity to do interesting stuff at other firms. Plenty of ppl went from consulting to prod management and stayed there. Not that many the other way around. Comp advantage can go other way. Prod management if you value wlb, consulting if you want to achieve the highest possible comp, but it wonât be easy. Plus, in consulting your life wonât become easy and you wonât have a way out unless very successful in the area of focus
Thank you for actually answering. While I've done both (but non MBB đ), great to hear other opinions/views.
Sure thing. FYI I was Booz, now bizdev for a tech company. Beware the public forums: too many clueless ppl saying sh*t. I understand you are at prod mgmt now and thinking going back to consulting. Cannot advise you for the right path but I assume you are not super excited were you are. If you return to the consulting market you will have to deal with the politics and fighting to get your point across among clueless ppl. You, it appears youâve built something, others only decks. Pockets off oppty for you now: bcg tech strat (âtech advantageâ - hiring like crazy), Pwc s& tech strat (avoid fs), McKinsey tech strat. But having said that, fuck consulting man. Thatâs what I feel at least, good luck
?? These idiots saying KPMG, Booz or PWC dont count as consulting experience? Lol
Not really, no. Those firms are way too easy to get into. Booz is just bureaucrats for hire. I think PWC/Strategy& is okay, but still not on the level of MBB. And even MBB isn't all that. Consulting is just a bulls___ industry.
So @RRA are you going to actually answer the question or just shit on people?
Ex-Management Consultant (Non-MBB or Non-MBBB) and I miss consulting everyday of my life. However, I love spending time with my family over the weekends and taking my kids to park every evening. So, Product Management for me!
Ex MBB here. Now PM at Microsoft. Best decision in my life. I work 40-45h and have low stress vs insanely stressful 55-70h I did in consulting. Only thing to miss is having close friends at work, in consulting is easier to make friends.
Investment banking to tech PM. Have many friends in consulting. WLB improvement isnât necessarily true across the board. If youâre at a small startup or intense FANG team itâs the same if not more skewed towards work. Your teammates will be living and breathing work. I have just as much stress and work more now than I used to. Consulting (top strategy shops) gives you more optionality for non-tech and non-PM roles down the road if that matters to you. In early career I see it as a perma-MBA where you can jump to almost any biz/investing/operating role. TC totally depends, I donât think you can blanket generalize. Can easily get more at FANG than MBB/D/etc. Future earnings potential also hard to judge, both paths break 800k-1m down the line.
You mean MBB?
No.
If it wasnt mbb than fuck off