Bain consultants - What are some things that you think Bain does better/worse than McKinsey and BCG?

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Better: All.

Worse: None.

They just do more PMO, boring non-strategic work, and controversial government work than we do. So they do more things, but we do all of the things we do, better than they do😎

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Glad to hear Bain does all the things Bain does 👍

funny

In terms of internal ops, we don’t track individual utilization (it has no bearing on comp) so you can relax and enjoy the beach 😎

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We look at utilization (actually a similar metric) at the same tenure at McK - AP level. It’s part of the partner promotion discussion pack. Similar to BCG’s revenue credit tracking.

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Surprised to see that no one has mentioned Bain’s PE group. McK does a ton of PE work, I know BCG does as well, but it’s considered a particular area of strength for Bain.

Additionally, as the smallest of the three, I’ve heard that it’s easier to build rapport with other Bainees - it still has that smaller, intimate feel. Someone who works there can correct me if I’m wrong of course.

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Completely right on both counts

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I personally love the regional model at Bain. Working with folks who are also from your home office creates more frequency of touch and deeper/stronger relationships. I interact with people in the office that I’ve never been on a case with before and it’s great. I used to work at a T2 firm that didn’t have this and it created a bit of a divide between my life on a case and my life on Friday’s in my home office.

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I’ve had the exact same experience - there are some cons but the pros are sooo good

Better:
- Much stronger in PE and fund strategy
- Stronger in tech strategy (cool stuff for actual tech companies, not digital stuff for 200 year old companies)
- Maintaining higher share of strategy work (although all are still pushing towards the long slog projects)
- more intimate vibe given local staffing model
- Slightly better WLB
- Slightly better collaboration and much less arrogance on average
- less staffing pressure (networking has zero impact)
- can stay true generalist for much longer

Worse:
- Data science capabilities (getting better)
- Less case optionality depending on office due to local staffing model
- harder to specialize early
- life sciences, healthcare, and public sector
- some back office functions (I personally make 99% of my slides)

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What I said doesn’t imply that mck and BCG don’t do cool work. They of course do

Nothing better, always following McK

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At least in talking to friends I think, on average, it’s easier to carve out a more sustainable life as compared to MB.

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Almost all of my clients who have worked with McK/BCG and us have noted that we seem to collaborate better with them. Over and over again I’ve heard that with us it feels like we’re on the same team as them and working together more than with McK/BCG.

Curious to know if this resonates with others or if it’s just anecdotal.

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BCG2 - they only hope to make it up to second class citizens. But in all honesty, I don’t think we have cracked how to best utilize them

So…nobody has touched on the ‘worse’ category, so I’ll help out there a bit based on limited real knowledge on the inner workings of M and B beyond chatting with friends.

1. our internal services are not as robust (slide making, internal researchers) - more of the onus is on our consulting staff for that stuff

2. We have a more limited set of verticals where we excel vs the others. This is just fine if you are working in one of these, but if you really want to do another case type (itching for a long transformation/PMO) then we won’t likely be able to deliver that

3. To most people in the western world, the color red signifies danger…and it’s all over our slides. That’s got to make some people antsy. And for RB colorblind clients, I have no idea why they don’t just go with McK. Both of us B’s must be a nightmare

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#3 was fully tongue in cheek…

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There are like 100 posts that go over this

smart

Private Equity.

Next question.

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Let’s just say, it’s the only firm I’m willing to hire for running diligence and optimization for my Fantasy Football draft. And it’s not even close.

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