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McKinsey & Company Has any industry experienced candidates pivot to MBB Engagement Manager before? My roommate works at FAANG as Senior Analyst (Ops, 6+ YOE) and was approached by McKinsey & Company recruiter for an EM role. He hasn’t done consulting before. Would this be too much of a risk? His goal is to pivot to PE S&O eventually.
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I will clear $350k this year (manager in different group). RX has higher rates than my group (more comp potential). RX business is still healthy (about 1/3 of revenue), but unsure about headcount / average utilization. I’d recommend interviewing and asking what average utilization for your level is and you can do the math on comp potential.
What group are you in?
OP you are picking an entry level role, the money will be similar. Comparing M level compensation isnt going to be that helpful. If you make to M in either firm you will do OK, but I would pick based on other factors
Also the exit opps will be different, but not better or worse. I think AM you will get more finance heavy exits and S& you will get more strategy, OPs, PE value creation type of exits.
For S& typically 3 years at associate, 3 years at sr associate, then manager assuming you do not leave for a sponsored mba
I’m speculating, but I’ll add that PWC/ Strategy& likely has better infrastructure and training / support for a new entrant to the workforce. So you may have a better experience there as a new hire.
I don’t know a lot about S& comp, but even analysts could hit 100-200% bonuses depending on how much you’ve collected over the course of the year in A&M Rx. That being said, the work between S& and Rx is likely very different and would probably yield different exit ops.
Progression in Rx is analyst > associate > SA > director > SD > MD.
That being said, you could largely expect about 1-3 years at a level before director depending on where you come in and how you perform over the course of a given year.
3-4 years as manager and then a year at senior manager potentially... sounds like AM is a better bet..
PwC1, the new SM is replacing M3, so the default would be 2 years at M and 1-2 years at SM. That is 3 to 4 years to director, not 5...