Consulting vs. product management
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- Опубліковано 21 лип 2024
- RocketBlocks founder and ex-BCG consultant, Kenton Kivestu, has first-hand experience wrestling with whether to pursue a career in management consulting or product management. He shares his insight on the two career paths in this video, comparing each path's key dimensions - from the nature of the work, to the career ladder and compensation changes over time.
🎬 Video Sections:
00:00 Intro
00:58 Nature of the work
03:43 Teamwork styles
06:15 Career ladder
09:19 Compensation
13:03 Grab bag
15:08 Final thoughts
📖 Referenced videos:
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Day in the life of a Bain Consultant: • Day in the life of a B...
Bain Manager shares the 5 core skills that matter: • Bain Manager shares th...
🚀 Prepping for case interviews? RocketBlocks has the best concepts, drills, and coaching to get you more consulting offers:
www.rocketblocks.me/consultin...
💡 Looking to become familiar with the consulting industry, the career opportunities, and the recruiting process? Our free consulting guide covers it all:
www.rocketblocks.me/guide/con...
💡 Looking to become familiar with the PM role, the interview process, and how to start preparing? Our free product management guide covers it all:
www.rocketblocks.me/guide/pm/...
#consulting #productmanagement #careeradvice #managementconsulting #RocketBlocks
This video couldn't come at a better time. Thank you, Kenton!
Woot woot! Sounds like someone is gearing up for recruiting :)
Thanks Kenton for the great video. Could you do a video on product managers in traditional consulting companies? Like what’s the difference between a PM in BCG DV vs a big tech company?
Thanks Kenton for taking time to share all these valuable informations. Excellent
Glad you enjoyed it!
Great video Kenton!
Thank You Kenton for clearly laying out the differences between these sought after career paths. It was quite insightful for me as I embark on my MBA journey.
awesome, best of luck in your MBA! & have fun
Best possible explanation. Thanks!
Glad it was helpful!
After an MBA, is it realistic to start as product manager and later on go to MBB as an experienced hire, or is it only feasible the other way around ( as an associate at MBB and later on industry exit strategy )?
Great insights 🥰
Can someone with a few years of work experience break into Management Consulting without a MBA ? It seems that top tier firms like MBB only hires people graduated from top schools. Do you think this is also true when they are hiring people for their analytics divisions?
As a first year commerce student, what skills should I work on apparently if I wish to be a Product Manager?
Great video! Subbed!
Awesome, thank you!
Awesome content!
Appreciate it!
Would you say that Work life balance in PM is better than Consulting overall?
I've completed a Management Consultancy MSc and most of my classmates have no coding background. I know a lot less about Product Management, but wouldn't it require code/comp science background?
I'm surprised to see these two roles up against each other, but it shows how little I know maybe... I have some coding background (taught myself) and am curious if I can consider Product Management.
There are lots of PMs who do have a technical background - and some companies do have a preference for this - but I can *NOT* stress enough that a CS degree isn't required. A CS degree is sometimes used as a way for companies to get a proxy on whether a candidate will be technical enough (I call this technical fluency) to communicate successfully with engineering. That is the only thing that matters. I wrote in detail on this question here: www.rocketblocks.me/blog/cs-degree-required-for-pm.php
🎯 Key Takeaways for quick navigation:
00:00 🌐 *Introduction to Consulting vs. Product Management*
- Overview of the video's topic: comparing careers in management consulting and product management,
- Introduction of the speaker, Kenton Kivestu, and his background in both fields.
01:00 💼 *Nature of Work in Consulting vs. Product Management*
- Consultants focus on strategic work while Product Managers are more operational,
- Examples of tasks in both fields: market analysis in consulting and operational problem-solving in product management.
03:35 🤝 *Teamwork Differences between Consulting and Product Management*
- Both fields involve teamwork but with different outputs from team members,
- In consulting, teams produce analytical work and recommendations, whereas in product management, diverse outputs are created (code, designs, sales, etc.).
06:11 🧗 *Career Ladder in Consulting and Product Management*
- Consulting has a clear, structured career progression, while product management offers varied progression,
- Detailed explanation of the career hierarchy in both fields.
09:16 💰 *Compensation Comparison between Consulting and Product Management*
- Similar starting salaries but varied progression and compensation at higher levels in both careers,
- In-depth analysis of salary and compensation structures in consulting and product management.
13:05 ✈️ *Additional Considerations: Travel and Technology Passion*
- Consulting offers more travel opportunities than product management,
- Interest in technology and software development may incline individuals towards product management.
15:18 🤔 *Final Advice for Career Choice*
- Importance of focusing on the nature of work and teamwork in making career decisions,
- Possibility of transitioning between consulting and product management careers.
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Thankyou for this videos. Your videos provide much clarity about different roles.
I want to know that is it possible to switch careers from management consulting to product management and vice versa.
As you have mentioned that you have worked with bcg as well as google.
Please tell :)
which among the both professions there is more probability of earning 500k dollars per annum after 6-10 years of experience?
Hey, why has focussed shifted from MBB consulting towards Product Management?
we still cover both - we'd just spent so much time talking about consulting, had to mix it up a little. BUT, we've got a great consulting mock interview video coming out soon, stay tuned 👀
Consulting just feels like lying.
PM looks more up my alley