Also, since they already recruit at these schools the students know about the opportunities. Its easier to take a trip to NYU knowing that every single person in Stern is going to show up to your info session vs. going to a small liberal arts college where you might get 10 to 20 keen folks who are also juggling offers elsewhere. Not surprisingly, the target schools at McKinsey include the big brand powerhouses that dominate the top of most MBA rankings. I dont think its controversial to say that these firms are a clear tier ahead of their competition. However, we chose to still apply this filter to clean the data up. He also made it a point to note cultural differences in different places when he traveled overseas for leisure. Low added that you should avoid trying to hide your flaws. School Counseling; School Psychologists/ Social Workers; Section 504; Student Master Series; Student Voter Registration; Food & Nutrition Services; Academics" . If a school's second top employer and first top employer are the same, we indicate the tech company with the second highest share of employees instead. Every year, hundreds of candidates join the MBB firms from non-target schools. Professional travel has also been banned for INSEAD staff. For the Per Capita %, we are taking the total number of hires, dividing it by the annual class size, then dividing that number by 7 because this data includes 7 years of hires. Not up to the $120K level, but I think at some places its close to $100K if its not $100k already.. At Bain & Company, its top tier schools (making up 21% of its 145 total WSO member employees) are University of Texas at Austin, University of Virginia UVA, Harvard, University of Michigan, and Duke University. Anecdotally, Ive seen that its easier for firms to target larger schools from an expected value perspective. I think its a reasonable take, so weve conducted that screen below. I love deconstructing them into sub-systems and isolated components in order to find a solution to a problem or an opportunity for growth. University of Southern California (Marshall), Harvard University and University of Michigan (Ross) rounded out the top feeder schools. Learn more about why companies hire management consultants and what consultants actually do! Paschisia explained how he found networking with alumni as "definitely indirectly helpful.". . 26-50. The advice still rings true: financial institutions are still some of the best feeder companies to top business schools. While many of the colleges and universities are also target schools for non-MBAs, there are some differences: some of them do not place well outside their MBA programs, whereas other non-listed institutions (such as top liberal art colleges Williams and Amherst) might have a strong placement history for their non-MBA programs. That equates to roughly 7 or 8 hires per year, which is perhaps 2 or 3 students into each MBB firm every year. The NESCAC schools in particular all do great for consulting. Apply to be a school crossing guard. As an entrepreneur, Francesco founded two companies in Europe and Asia in the entertainment and EdTech sectors. 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). Many events are also cancelled, which you can keep track of on the school's COVID-19 Response page. After all, that would be counterproductive: very strong candidates from non-target schools might be demotivated and deterred from applying, depriving the firm of many potential consultants; such a practice may also be deemed discriminatory, and open the firms up to legal risks. View School Profile. Copyright 2023 Poets&Quants, Inc. All Rights Reserved. As a consultant, Francesco joined BCG in the Milan office, where he worked on projects in the energy, industrial goods, and consumer goods sectors. The list goes on, meaning that parent universities are often the #1 undergraduate feeder into an MBA program. We are using the overall annual class size per CollegeData to conduct this screen. 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. Take a look into the structure of consulting firms, salary expectations, and exit opportunities. Larger school means larger student community, so you have more people chasing similar goals. 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. What did you learn in a multicultural context? Paschisia said. "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. She added it's one thing to have your parents pay for a trip but it's another if you picked up an extra part-time job to pay for your airfare. Manlow advised that "a bit of humility doesn't hurt" when working on your application to INSEAD. "I brought huge business benefits by using new ways of marrying data science, artificial intelligence, and the 'internet of things' with business acumen," he said. But that's not its only claim to fame in the rankings. For decades, prestigious business schools like Harvard Business School, Wharton School of Business, and Stanford Graduate School of Business have had the upper-hand in paving the way for. As an aside, I think this is also why investment banking is relatively more popular and why many once hopeful consultants end up pivoting to finance. Harvard | Mr. PM Looking For Something New, Duke Fuqua | Ms. "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. INSEAD remains a major feeder school for large consulting firms in Europe, with hundreds of the Insead 2021 MBA cohort going into firms like McKinsey, Boston Consulting, Bain, and others. Its consulting industry report ranked the schools based on the responses of 1,577 WSO users who work at the 57 represented consulting firms. We are most interested in who the target schools are today, so we only looked at people who graduated between 2014 and 2020. "If you're confident, but not arrogant, express that in your application as well.". 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. "Many of these topics were new to me. Inspire is a diversity-focused program . We included the following: Associate Consultant, Senior Associate Consultant, Business Analyst, Senior Business Analyst, Associate, Consultant, Senior Consultant. Finally, we screened only for consultants with an undergraduate degree. So, what happens if you are not from one of these schools? You can always change your preference in the, Consulting Target Schools for the US MBB Offices, Entering Consulting from a Non-Target School. 131 students from the school joined McKinsey, Bain, or BCG. 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 path to a coveted offer will be a hard one regardless of where you graduate from. MBA Plan Ahead Package: $4,995. a GDPR, to your data being processed in the USA. Harvard | Mr. PM Looking For Something New, Duke Fuqua | Ms. 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. "INSEAD is academically rigorous and you will need to prove that you have the academic chops to succeed," Coward said. The chart below shows the top 25 feeder schools to the 10 consulting firms with the higher number of recruits in the past year. "You don't want them to think that this is being done on a whim," Ricketts said. The University of Washington's computer. Harvard and University of Pennsylvania stand alone on this zenith of capitalist expression. Francesco is an interview coach, former BCG consultant, and tech entrepreneur. The argument we get (mostly from jilted NESCACs who are embarrassed to be outranked by Brigham Young) is that we should weigh the size of each school to determine how easy it is to place into a firm. Northwestern University received 2.2% of the 1,577 WSO survey respondents. The University of Pennsylvania is another perennially top-ranked consulting feeder program. As a coach for consulting interviews, Francesco helped hundreds of candidates to land offers from McKinsey, BCG, and Bain. Once you get past the resume screening stage, everyone is on even ground, and your ability to progress further is mainly dependent on your preparedness for the tests as well as the case interview and fit interviews. 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. Sign up for notifications from Insider! The site has gathered data from its huge community of members to pinpoint which undergraduate institutions leading consulting firms commonly recruit and hire from. Duke was the sixth highest feeder college, with 23 students, just behind Princeton. 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, for example, is going to be a lot harder in terms of the resume filter, he tells Poets&Quants. Targets There is a crop of elite schools (and somehow UC Berkeley slid in here) that solidly place into MBB every year. In short, the program gives the consulting firm an early look at incoming MBA talent. 80-100 placements over 7 years means that these schools all send roughly 10-15 students into these top firms every year. Second was Indian School of Business in Hyderabad, India, at 230. It will surprise no one to know that every M7 school is on the list: Harvard, Stanford, Wharton, MIT Sloan, Booth, Kellogg and Columbia. Low shared that before INSEAD, he too had limited quantitative (and business) experiences to make him an ideal candidate. Highlights, big interviews, and more from the Milken Institute Global Conference, These 17 B-Schools Are On McKinseys Target List For MBA Recruits. Moreover, non-US schools like INSEAD and London Business School are considered target schools for all MBB offices worldwide. We also only have work experience in North America, so we didnt feel comfortable validating and commenting on schools from around the globe. Well, these schools offer top-notch education, elite career support services, and usually have multiple student-run consulting-related student bodies so their students can support each other throughout the recruitment process (e.g., sharing networking contacts, exchanging case preparation materials, and conducting mock interviews with each other). ADVICE FOR STUDENTS NOT AT A TOP FEEDER SCHOOL If you're looking to join the ranks of the consulting elite, knowing which schools firms like to target is valuable information. 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. 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 think this could be because some traditional Ivy league schools dont have rigorous accounting and finance programs. We set the cut-off at 80 hires per year. At this "Semi-Target" tier, we also see that some schools have significantly stronger relationships with different firms. Apply to be a school nurse. While some 20% of the Stanford MBA Class of 2020 who attended Harvard for undergrad went on to McKinsey, BCG or Bain & Co. (the top three consulting . So do I have no chance if I study at another school? back to top. Tuck is a relatively small business school, with roughly 300 graduates each year. Both the Boston Consulting Group and Bain & Co. have more expansive lists, with BCG having. Now back to what McKinsey is looking for. 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. These are some of the brightest minds in the world the future leaders of tomorrow! Northwestern University, home of the Kellogg School of Management. Business Insider requested a comment from Google, however, the company did not respond. This year Spelman has the distinct honor of ranking among the top 10 feeder schools for City Year's 2013-2014 corps. Some of McKinseys surprise pet schools found further down the list include Butler University and Copenhagen Business School. I am very interested in Kelley, but cannot see the Our Partner Sites: Poets&Quants |Poets&Quants for Execs | Tipping the Scales | We See Genius, About Poets&Quants | P&Q News Archives | Privacy Policy | Advertising & Partnerships | Editorial | Contact Us | Sign In / Register. "My international experience was limited to traveling overseas and meeting people from different places," Pachisia said. . This is Susan Krinsky at LSAC with the February edition of "Keeping Up to Data.". "If you're passionate about making a positive impact on the world, let that shine through in your application as well," Manlow said. 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). This is an overlooked fact. Our servers are powered by electricity from renewable sources. I created a $3.5M savings process improvement project that was rolled out across the EU in 2020. 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 . Is this the end of your MBB dreams? "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. He iscurrentlyleading a Singapore-based company and supporting startups as a strategic advisor. NOW WATCH: What coronavirus stress is doing to your brain and body, Kellogg School of Management at Northwestern University, Fortuna MBA Rankings for European business schools. Imagine starting compensation of $143,000 for a first-year analyst up 14% in just five years. There are some great other firms out there: Oliver Wyman, for example, or LEK which is a little bit smaller and has a good reputation MBB is still where everyone wants to be, but the Deloittes of the world, the PwCs, all have great practices and can provide a great career in consulting. Initially, he and his team found it challenging to work together, but eventually discovered common ground. Coward added. New data from WSO offers a glimpse. 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. We categorized this last tier as fewer than 50 hires over the past 7 years. Only students entering a two-year full-time program or dual degree program will be considered by McKinsey. "You want them to know you embrace this difference," Ricketts said. ATLANTA (June 3, 2013) -- Spelman College students have a strong desire to give back. Next Page: Advice For Students Not at a top Feeder School + The Top 25 Feeder Schools for Top Consulting Firms. "Show how you have leveraged your language skills to demonstrate team leadership, entrepreneurship, or personal growth to positivelyimpact an organization or community.". These schools have already spent a ton of time screening for high performance. In fact, there is little space between top five consultancy feeder schools in the February 2022 report a difference of just about 0.3% or about 5 employees. Wei Low, class of 2020, said that no more than 10% of the students come from the same country. Of those, nearly 20% hail from six schools: University of Toronto, Northwestern, Harvard, University of Michigan, Dartmouth College and the Georgia Institute of Technology. "Speak to current students and alumni. But what I think ends up greatly influencing peoples initial decisions to pursue finance or consulting is the school they went to. Out of 1,577 WSO reporting users working in consulting, 160 come from one of these top five feeder schools about 10% of consulting firm hires. Low realized through the process that instead, he should have guided the junior employee in personally making the changes, thereby giving him space to grow as well. What might be concerning about these small liberal arts colleges is that the actual numbers are still relatively low Claremont McKenna, for example only has 14 hires over the past 7 years. The lists start to deviate more at the semi-target level and I think its reasonable to interpret that many schools only do well in one field. 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. We set the cut-off at 80 hires per year. 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. Harvard, Stanford, Wharton and many other business schools, for example, never reveal their major employers. If youre looking to join the ranks of the consulting elite, knowing which schools firms like to target is valuable information. Want to know if your school is a go-to institution? 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. The US offices of the MBB firms organize special pre-MBA programs every year where they introduce upcoming MBA students to the firm, its people, its culture, and consulting in general. Of the big three MBB firms, McKinsey & Co. has the smallest target list of favored business schools. Most of these schools also have much smaller student bodies when compared to state schools. I emphasized that such learning agility would mean I can handle INSEAD's fast-paced program.". Fallsgardencafe. McKinseys favored schools for its pre-MBA program is the most predictable of the big three. No! In addition to coaching MBA candidates, she also shares her experiences with prospective students at regular INSEAD admissions events. School Nurse- School nurses are employed by the Anne Arundel County Department of Health. "INSEAD places a strong emphasis on bringing together students from around the world, so if you love international diversity and discovering new places and cultures, remember to clearly share that in your application.". Want to know if your school is a go-to institution? You don't have to worry if you follow these tips, Create an account to get access to exclusive resources, We offer different plans, tailored to your needs. Following this grouping, McKinsey appears to have an affinity for New York University grads as well as those from Cornell University, the University of Notre Dame, and University of Wisconsin-Madison. In reality, this data point doesnt reveal anything too insightful. "Make it more than a bullet point on your resume," Coward said. The school you go to is likely to be the biggest determinant in your career opportunities and some schools are much better at recruiting at finance vs. consulting. The two-day virtual program includes an overview of McKinseys diversity and inclusion efforts, management consulting, and McKinsey today. 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. As of February 12, we are just over 60% of the way toward the final applicant count, judging from last year. Which schools are the Big Three most drawn to when it comes to fueling their pipeline of talent? By comparison, Harvard Business School graduates about 900, and University of Chicago Booth School of. McKinsey Early Access is open to all full-time MBA students in the United States who are part of the class of 2024. Click to the next page to see a list of the top 50 feeder schools. 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. 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. Therefore, we can consider the list above as a data-based subset of the target schools in the US. Curtis often tells aspiring consultants that its hard to get one of these jobs even at a target school, and particularly an MBB job. This makes it easier to organize investment clubs, stock pitches, study sessions, etc. Copyright 2023 Poets&Quants, Inc. All Rights Reserved. Aggregate all MBB Employees in the world (~95k people). Northwestern University was the top feeder school for the consulting industry, according to Wall Street Oasis 2022 Consulting Industry Report for February. See WSOs full report for more detail at all 57 consulting firms. Read more about WSOs report methodology here. Considering how well they also do in investment banking and private equity recruiting. You can choose to activate only essential cookies or all cookies. However if you have a genuine interest in these subjects then go for it from a pure academic . 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. "Describing the trip itself is just the start. FORTUNA ADMISSIONS Feeder Colleges - Stanford MBA Class of 2020 53% of the Class came from these 19 undergraduate institutions FINDINGS: Almost 1 in 5 Stanford GSB admits did their undergraduate at Harvard, Stanford or Yale. 6.3% of McKinsey recruits went to Penn, as well as 4% of BCG recruits. She noted that INSEAD requires knowledge of two languages English and one other to apply, so you should incorporate this fact in a deeper way as well. Harvard and University of Pennsylvania stand alone on this zenith of capitalist expression. In any case, the lists vary greatly in the choice of business schools. . Check out our article on networking to learn how you can network your way into the MBB firms using these methods. Whatever the case, the MBB trifecta is one big magnet for undergrads who are chasing their big break into the consulting industry. 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. The next tier of most popular feeder schools make up nearly 14% of McKinsey recruits. So, any of the schools on the chart below have strong consultancy pipelines built within their programs. In order to identify "top feeder" colleges, we relied on publicly available data . Contribute to our Q&A forum and ask the community your question! Claremont-McKenna is launched into the top 10 and we also see Williams, Amherst and Davidson on this list now. For participants, it provides a glimpse into what a career in consulting might be like and gives students a leg up on landing a summer internship between their first and second years of the MBA program and ultimately a full-time job offer.
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