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I've seen a few of my seniors placed in EY for Business Consulting - Risk. I was wondering if that was something I wanted to also aim for in the future when I reach my 5th year.

What exactly do the people do in 'Business Consulting Risk'? What are the career outcomes? Can one pivot back to law firms if one has worked there for a while? Also, why do our graduates start as Associate Consultants, and not analysts? People graduating with other degrees start as analysts, then senior analysts, in EY and elsewhere like Deloitte.

I also read that McKinsey hired from NALSAR (via this forum) - was it for the AC position only or was it for the Analyst position?

I would really appreciate inputs from people who've worked in the Big4 or worked with such people.
I don't agree with the fact that a transition back to law firms isn't possible. It's the same thing that non-NLU kids here try to pull on this forum trying to bash NLUs - nothing against private colleges but you guys REALLY don't like us huh?

As long as you keep up with the technical knowledge, the work you do is no different from what the A0s to A3s do in T1s. Only at the SA level does it start to diverge a bit, so for 1-2 years of PQE, you're good. Of course, if you like the people and the job, you'll be fine and may even want to continue - perfectly fine, but then unless you get extremely specialised knowledge (eg: tax/M&A) you'll not be able to join as a PA/Partner. I'd wager getting in as an SA would in fact be tougher because I've seen big 4 partners become firm partners, but not all that much vice versa.
BTW how one can apply/approach to big4 if placement cell is absent? should one reach out to HR or how recruitment works
Drop an application via their website - afaik, they're still recruiting but the process itself is rigorous. Then try and approach 2-3 partners to help your application move ahead - try and connect + talk to them organically. It's a shame your college does not have a placement cell cause even T1 NLU kids would give their left nut to work there for a year or two + EY does not really discriminate based on college. They've in fact hired more from T2 NLUs than T1s.

Also, if there is some authority in your college that is technically responsible for organising placements or somewhere close to it, talk to them ask them to submit a request to EY to visit your college for recruitement. I believe they actually do this and they prefer to actually go thru colleges.