MBB Alumni and the Journey Back to Consulting: Insights and Strategies

Returning to a career in consulting after an extended tenure in another industry can present a range of challenges and opportunities for MBB (McKinsey, Bain, and BCG) alumni. This article aims to provide an in-depth look at the factors that influence this transition, drawing from personal anecdotes and expert perspectives to offer practical tips for success.

Reputation and Network

One of the most significant advantages MBB alumni possess is the strong professional network they have established during their careers. This network can be a powerful tool in easing the transition back into consulting. Maintaining these relationships can provide invaluable insights, updates, and potential opportunities.

Personal Example: Eugene Akulich, a prominent MBB alumnus, emphasizes the importance of maintaining relationships with partners and mentors. Even after years overseas and in other industries, he visited his Bain partners to seek their advice and guidance whenever he returned to Singapore. This example underscores the lasting impact of professional networks in the consulting world.

Skill Relevance and Industry Expertise

The skills gained during a stint in another industry can be highly relevant to a consulting career. Strategic roles, project management experience, and industry expertise are all assets that can enhance an alumnus' appeal to consulting firms. These skills not only prepare them for the demands of consulting work but also demonstrate the value they can bring to a firm.

Firm Policies and Return Programs

Each MBB firm has its own policies regarding the re-hiring of former employees. While some firms actively encourage alumni to return, others have more stringent criteria. Companies like McKinsey, Bain, and BCG often have specialized return-to-work programs designed to accommodate experienced professionals.

Case Study: When Eugene decided to return to Singapore, he faced the challenge of balancing his previous commitments with the demands of a consulting role. Bain, recognizing his value and flexibility, deferred his offer by a year to allow him to settle his personal affairs. This willingness to accommodate individual needs is a key aspect of their return-to-work program.

Market Conditions and Demand for Consultants

The overall demand for consultants can greatly influence the opportunities for alumni to re-enter the consulting field. During periods of high demand, firms may be more willing to consider returning alumni because they offer valuable experience and can hit the ground running. Conversely, during downturns, firms might be more cautious and demand rigorous evaluations.

Interview Process and Alignment with Firm Needs

While MBB alumni may face a simplified interview process compared to new candidates, they still need to demonstrate how their experiences align with the firm's current needs. This means emphasizing transferable skills, recent advancements, and how their past roles contributed to problem-solving and strategic decision-making.

Practice Tip: Prepare a clear narrative of how your experiences in other industries have enhanced your consulting skills. Highlight specific projects or roles that showcase your adaptability and expertise in a way that resonates with the firm's goals.

Conclusion: Fidelity and Reliability

The trust and loyalty established between MBB firms and their alumni are crucial. Firms often invest heavily in their employees, including relocation, education, and career development. Being fiercely loyal to a firm that values and invests in you is not just a survival strategy but a testament to the mutual partnership between employee and employer.

For MBB alumni, the journey back to consulting is not just about re-entering a career; it's about leveraging a unique set of skills and relationships to achieve professional success and personal satisfaction.