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Wanted to share smth I found recently. I felt like it was pretty darn accurate. I’ll provide the link here but there’s a screenshot I took that I feel I can relate to quite heavily. https://pairedlife.com/love/infatuations
I’ve struggled with so many heavy infatuations before and a friend recommended this. Hope it helps anyone else out there who’s gone through this or may be going through this right now.
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3 things
1. The monetary benefit is significant. Although campus offers are similar, within 4-5 years MBBers can be making double wrath their B4 peers do with the same years of experience.
2. Culture is huge. I feel very well supported. I have never heard the term utilization in my office, don’t have a target for it, and don’t know what mine is.
3. Impact and visibility. In my first year, I presented to 2 F500 CEOs. As a manager, I have one who texts me every few weeks with questions keeping him up at night. That’s. It because I’m brilliant. It’s because the Partners I’ve worked with have given me enough knowledge, confidence, and space to own those discussions
BCG1 is brilliant guys
Hahah. * that’s not because.
I’ve worked at both B4 and MBB. At McK we
1. Work on bigger more important issues.
2. Recruit faster smarter people with greater ability to influence.
3. Have zero tolerance of mediocrity.
4. Have little hierarchy
5. Get paid more, faster
6. Spend much more time and resources developing our people.
7. Be flexible on ethics.
The Alumni Network. It’s better.
one big difference is we don’t tend to write posts seeking validation of where we work compared to others...
@D1: what level are you? I was formerly at D ... to give an example on comp differences, a top rated C (after two years as a BA) makes $90-95K, after the promotion, with no bonus (since Deloitte analysts, even in S&O, don’t get bonuses ... you have to stay till your third full year to get a performance bonus).
Similarly, McKinsey Associates and BCG Consultants (again two years after entry level) get $140-$160 in salary plus bonus.
Comp gap is REAL (considering we haven’t even discussed 401k and other benefits). Don’t deny the truth.
Have worked several projects where the client had other consulting firms. In 100% of those cases, we left hours before they did every night
8. Know how important we are
If pay is all you’re looking for, the MBB numbers mentioned above are roughly in line with our comp model as well ☺️ Plus killer culture.
Culture is a personal thing. It is uber heirarchical compared to other firms. Bain probably less than the other two.
Sorry I'm new to this, what is MBB?
@A1 false
Zero tolerance of mediocrity? 😂😂😂😂
BCG also the humblest ...
The biggest benefit I see for MBB is how it’s a meritocracy. MBB has that “up or out” policy I wish B4 had. I work with so many dumbasses that are shoved on the bench instead of getting a PIP because management is too lazy to deal with them and just waits for them to leave on their own.
On comp, Principal (ie SM) for us is years 5-8 post MBA, base/bonus is $300-500k. Partner is anywhere from 6.5-9 years post-MBA and that’s close to 1M unless it’s a dreadful year.
D1 - the idea of perception as a self-fulfilling prophecy or virtuous cycle is absurd. The market would have seen through that sometime in the last 70 years.
@BA1 I’ve heard its a big misconception that exit-opps are as glorious as people make it seem.
1. M is so much less hierarchical than other consulting firms. Almost flat structure for "non-partners".
2. Relatively fair review system
3. Great exit ops within the firm as well as outside