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Finance background - which consulting firms to apply?

I have worked in the finance industry in Asia for several years, and want to break into consulting. To be more specific, my past experience is focused on asset management, with roles in investment / product management / sales. 

I'd like to know which consulting firms are traditionally strong in finance industry. Also, are there any boutique consulting firms with good reputation that specialize in banking / finance?  

Thank you! 

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Top answer
Emily
Coach
on Apr 20, 2020
9 years in MBB Southeast Asia & China| 8 years as MBB interviewer | Free intro call

Hi there,

Are you looking for consulting opportunities in Asia? If so, both McK and BCG are quite strong in Finance/Banking. 

Best,

Emily

Vlad
Coach
on Feb 26, 2020
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

It really depends on the geography and the particular office you are applying to. You should pick the city and then check locally with the consultants who work there. Traditionally only Oliver Wyman is known to be heavily focused on FS. However, there are local leaders among the other firms

Best

Clara
Coach
on Feb 26, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

In general terms, Oliver Wyman, but can depend upon geography. 

Best, 

Clara

Luca
Coach
on Feb 26, 2020
BCG |NASA | SDA Bocconi & Cattolica partner | GMAT expert 780/800 score | 200+ students coached

Hello,

The most recognised in Financial Services are Oliver Wyman and McKinsey, but it depends on the country.

Best,
Luca

Ian
Coach
on Feb 27, 2020
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success

In general, most have PE/Finance arms, but it depends on the city. For example, you can't go wrong with applying to pretty all of them in New York, Sydney, London, Hong Kong etc.

Anonymous B
on Mar 01, 2020
Is it a normal practice in consulting that an international candidate applies to popular locations (NY, Hong Kong) without having permanent residency status? I can imagine that it will be more acceptable after a few years of working experience.
edited on Feb 29, 2020
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching

Hi, it depends on the office. In each city, firms have a different focus. Generally speaking all MBB and tier2 have a strong financial practice and candidates with financial background are appreciated.

Best,
Antonello

Deleted
Coach
on Apr 19, 2020
150+ interviews | 6+ years experience | Bain, Kearney & Accenture | Exited startup| London Business School

As other mentioned, it is dependent on geography but most firms do tend to have a strong financial practice in western markets (less so in the ME). 

Deleted user
on Apr 28, 2020

Hi A,

In general, I would say that you have very good universal background and experience which might fit into most of the companies in consulting. Banking and finance practice might apply to MBB, tier-1 and tier-2 companies.

MBB — McKinsey, BCG and Bain especially very string in finance.

Tier 1 companies - Roland Berger, especially Oliver Wyman, AT Kearney, Strategy and Accenture as well as Big 4 companies - they all have very good finance practices.

As for Boutique companies I could name here Alvarez& Marsal and others. 

So there is realy great variety of firms and I think you have pretty good chances

If you need any help in order to place your profile and get referral to secure your interview as well as prepare for it, feel free to contact.

Wish you best of luck

André 
 

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