Breaking into Management Consulting
Hi Caroline,
I am an actuary with [a Big Four accounting firm] specializing in reward-related matters. So my job involves using quantitative techniques to solve reward/human resources issues. What are the realistic chances of getting an interview with a management consulting firm to join as an associate?
Regards,
Hasit
Answer
In any career change, the chances of getting an interview (and eventually making the transition) depend on how well you “make the leap” for the recruiter in terms of how your original skills and experience translate to your new target industry and function.
Regarding actuarial science to management consulting specifically, you have the benefit of a quantitative skill set and experience solving business problems. This translates well to what management consultants do. If you can describe your experience in a team-based, client service, business solutions way, this translates your actuarial experience into the consulting context. Remember that you describe your experience not just in your resume, but also in cover letters, online profile(s), interview responses, and networking situations.
You also have the benefit of a brand name company, and consulting firms value a pedigree. The schools you attended and other experience will also be critical factors in determining how your background will be perceived. Remember: Consultants need to be perceived as experts to the upper echelons of management so they need staff with this level of professional demeanor and credibility.
In sum, as a career changer, you need to put yourself in the shoes of someone in your target career. What do they value in terms of skills, experience, and attributes? What do they do day to day? What does the career path require? Then you need to describe your current skills, experience, and attributes in a way that they will perceive the value you can add immediately and your potential for a long-term consulting career.
Caroline Ceniza-Levine is co-founder of SixFigureStart, a career coaching firm that specializes in helping university students and young professionals launch fulfilling and financially rewarding careers. Caroline has recruited in retained search and corporate HR for start-ups through Fortune 500 companies, including Accenture, Booz Allen, Citigroup, Disney ABC, Oliver Wyman, Pfizer, and Time Inc. She currently teaches professional development at Columbia University School of International and Public Affairs.
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