Thursday, November 29, 2012
Management Consulting Club
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professional meeting
This last meeting Josh Angle, Steven Biringer, and Johnny Stoddard came from the management consulting club and introduced us to some options that we have in relation to career paths. Their main message was that “Not All Roads Lead to Public Accounting.”
Josh started and talked about the Trifecta for Success in any career path.
- 1. Academics, we all know that it is important to do your best to get good grades, and gain wisdom.
- 2. Leadership, Josh said that we are kind of on our own to improve ourselves in this area. Club officer roles in BAP and other clubs are great for this.
- 3. Experience, by getting out and getting involved with clubs, getting internships, networking with professionals, etc.
Josh wanted to make clear that there are some myths around the experience section that need dispelling. The first myth is “my resume is good”. If you still use your M Com 320 resume this most likely applies to you. The Management consulting club can really help in this area. They have resume workshops and professionals that are happy to help revise resumes.
The second myth is that “you need an accounting internship with the big 4.” There are many opportunities with management consulting firms, firms in industry, and other branches in the big 4 that are not just audit and tax internships. We really need to look around and see where we want to be.
The third myth is “getting a MAcc is right for everyone.” This also goes back to looking where you want to go with your career and choosing the path that will get you in the best position to get there. In short, management consulting is a great path to get an MBA, 20% of MBA students have a management consulting background.
Johnny showed us that, like audit, there are many facets of business that management consultants touch. Management consulting is a good option to find out where you want to end up if you have not yet decided. The skills that you learn in management consulting, like problem solving can be applied to many different career paths and will give you a leg up on others.
Steven told us about the management consulting internship that he did at Bane Capital. He said that he worked an average of 60 to 65 hours a week. They go easy on interns, but full-timers do not work much more than 70 to 75 hours a week.
The management consulting club can help you prepare for the competitiveness of the field. If you are interested and think you have what it takes to think out of the box, be teachable, and are smart, then they invite you to come to the management consulting club meetings, Tuesday evenings around 6:00 in the Tanner (room 230). You can find out more on mcc.byu.edu.
The main purpose of this meeting was to encourage us to look around, research where we want to go, and then make conscious, intelligent decisions to get ourselves there. It was so great to hear from accounting students just like us who have already made important decisions to change their career paths.
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