Current position and company/organization: Partner and Managing Director at The Boston Consulting Group
Home/Host School: WU / Bocconi
After finishing his studies at WU in 2003, Georg Dum, born in Salzburg, started his career with The Boston Consulting Group (BCG) in 2004. Today he still works for BCG, currently as Partner and Managing Director in the Munich office. Georg lives in Munich, together with his wife and two children.
In which way is your current role different than you expected it to be?
While I was still studying at WU Vienna I wanted to work as a consultant after finishing my degree. I always wanted to work on exciting topics that are on the top of management’s agenda and liked the idea of working as an external consultant for a corporation more than joining a corporation as an employee.
I knew people working at strategy consultancies at the time and I was able to join a few case studies at my time at WU. But, to be honest, as a student, one does not really understand what strategy consultants actually do. After my job interviews for BCG I knew that this was the firm I wanted to join – and I am still proud to be a part of BCG.
How has your CEMS experience helped you in fulfilling your current role?
While I was studying at WU the CEMS program was offered as a kind of extra-curricular program. The CEMS program offered the opportunity to transfer abroad to a renowned university for one term. Also, the program was highly selective, so only students who passed a specific selection process had the chance to attend. This was very interesting as I met a lot of open-minded and exciting people. This experience definitely helped me with my later career.
Which is your favorite leisure time activity on WU campus (old or new)? (any activities from taking walks to enjoying the Glühweinstand are welcome)
I studied at the old campus and I always enjoyed spending time with my friends. Among my favorite places were places like the Gasthaus zum Reznicek in the Reznicek Gasse or the Café Blaustern.
Which were your favorite 3 CEMS-moments?
My favorite CEMS experience was my term abroad at Bocconi University in Milan as I had a really good time and a lot of fun during this exchange.
I also really liked a lot – although not being part of the inner CEMS curriculum – Professor Abele’s economics class; he placed a high emphasis on the theoretical background of his topic, something I was missing in many other classes. But also in the classes of Professor Schlegelmilch – that largely were part of the CEMS curriculum – I learned a lot and had a lot of fun.
And I was really proud after my graduation from WU – that was just a fantastic feeling.
What has your CEMS experience taught you about life?
CEMS taught me that different experiences are very important in life and they help you develop your own personality, studying broadens your horizons and helps you gain independence. But it’s not only about studying. CEMS showed me that the sum of all different experiences throughout life is what helps shape it.
If you started all over with CEMS, what would you do differently?
I would put a lot more emphasis on the theoretical background of the topics discussed, not just on case studies and group projects. The time you spend at University is one of the few times when you can purely focus on content and detail. Practical work will follow later. When working fulltime, you usually do not have the time and energy to focus intensively on one topic – this is a privilege of student life. Enjoy and make use of this privilege, but don’t forget to have fun!