{ "media_type": "text", "post_content": "Are MBB’s really the most prestigious firms? What’s the stereotype in the industries? Are their exit opportunities that amazing? Does office location matter- better prestige? So many questions man..", "post_id": "5ab0632147a6fa001377deea", "reply_count": 19, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Are MBB’s really the most prestigious firms? What’s the stereotype in the industries? Are their exit opportunities that amazing? Does office location matter- better prestige? So many questions man..

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Consultants are ranked by firm, then office, then seniority, then height, then business card design, then there is a sack race, then we count off by fours and the dodge ball tournament starts. No headshots

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If you ask consultants, yes MBB is prestigious. If you ask anyone else, they likely don’t know what the firms are, what they do, or how they are different from each other.

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Deloitte is harder to get into than Harvard though...

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None of it matters. Be the best at what you do and it all works out at the end of the day

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I have a buddy in PE that makes $240K as a 26 year old in the Bay. I flew down to visit, and we spent most of Saturday in his living room while he crunched numbers on excel sheets. Ive decided I don't envy him.

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🍿

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Most prestigious consulting firms. I think google and facebook have passed them overall though.

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Things will change 20 years from now I bet

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Contrary to popular belief, not many MBB exit into real private equity. The only people that do are the ones who’ve done a ton of financial modeling or excel modeling and can do the financial modeling part of the PE interview. And being at MBB means they probably went to an Ivy/top 10 (have the recruiting network pull). You don’t get a PE offer from MBB by doing a bunch of market sizing, due diligence, pricing strategy, and implementation projects. A lot of MBB people interview at PE firms for internal consulting roles or internal strategy roles, not to be investment associates.

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Ugh, PE work. How that became sought after employment is still a mystery to me. And like most mysteries, compensation the likely explanation. But seriously that shit sounds boring

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Everything you are hoping for and more

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The main exit opps that are within reach of MBB (albeit still not easy) are PE and VC. For Big 4 consulting, these are usually impossible 99.999% of the time. Even Big 4-> M7 MBA doesn't guarantee PE/VC unless you got into maybe Harvard or Stanford.

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@C1 - you can get there from other strategy firms, not strictly MBB. Also re: your post-MBA point - if you don’t get into PE before MBA you’re likely not going to get in after even at HBS/Stanford

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🦏 ⛽ ☎️ 📟 💾 📼 🗞️ 📇 🗿 🏳️

I hear Accenture is applying new now.

A2 Nailed it

What about MBB people who aren't accountants?

I suspect also PE has a certain prestige attached to it similar to MBb

I know plenty of BA’s at Deloitte who exited to PE after 2 years. Granted they were mostly MM PE. They did a lot of pre-deal M&A and/or monitor projects

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