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Wow. McKinsey, which has the biggest public sector presence of the MBB, really hasn't been doing too hot at all in the sector.
Its presence is tiny and it's gotten even smaller. Meanwhile it's bungling whatever opportunities it's getting.
https://www.propublica.org/article/how-mckinsey-is-making-100-million-and-counting-advising-on-the-governments-bumbling-coronavirus-response

What is the real deal across MBB, Tier 2, Big4?

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Hours can be better, better-looking co-workers
Never seen an unattractive girl from Bain
You can make less money at Big4, which if you hate money is an advantage.
Disagree on coworker looks, girls at McKBain are 🔥🔥🔥
I've often seen closer to attractive people than not at mbb. Not saying this about you, ACN2, but I can't say the same for Accenture and I knew A LOT of people who went there.
MBB - strategy and access to all companies at decision making levels. Far less knowledgeable at the "doer" level of most organizations (where the make or break of solutions will happen). B4 - implementation of actual solutions (and often making the MBB plan operational). If you're pre-MBA, I assume a lot less (no?) PMO for new analysts compared to B4. Post MBA - different exit ops, at least closer to beginning of career than end.
Easier road to MD/Partner
Notice no1 from MBB will reply to your post. They probably don't have the team to even breathe.
As far as actual benefits: Probably easier to move into tax/audit, easier to move into tech implementation work
Maybe big4 name may ring a bell better with those that are completely unrelated in business over mbb. That and perhaps less intense than mbb.
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@P2 it's higher leverage to have you all answer ;)