{ "media_type": "text", "post_content": "Curious how Tier 2 work and Big 4 work differs from MBB. I have heard their lifestyle is better. What do they do differently?", "post_id": "5fe95b8d5092b5002434109e", "reply_count": 18, "vote_count": 3, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Curious how Tier 2 work and Big 4 work differs from MBB. I have heard their lifestyle is better. What do they do differently?

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T2 is pretty much same hours and culture as MBB. Big4 and Accenture is much more laid back. Some exceptions exist, but generally speaking. T2 and MBB built their core business on enterprise level strategy (should we enter a market, should we create a new product, etc.). Big 4 is more like “we’re entering this new market. How do we make sure all of our tech and people are ready for this move?” As a result, easier hours. Strategy work is higher margin. So as a result, their income can be almost double ours - triple if you account for progression speed

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Worked at EY and McK Major difference is that McK bills much more than EY which means clients demand much more as well . So you’re doing projects in more compressed timelines and often with less people What Two people did at EY was what one BA did at McKinsey . My lifestyle at EY was 50-60 hours whereas my lifestyle at McK was 60-90 hours . The major major difference was that as a BA or Associate the first two years you’re a generalist consultant doing many different projects . In EY there were different practices which hired such as technology , consumer , strategy. Overall , I had exposure to much cooler projects at McKinsey but it was much more demanding . My health is poor from the demanding clients , artificial deadlines , and extensive travel. McKinsey also has much better exit opportunities and much higher pay . Leadership at both places were amazing but normal workforce (e.g., consultants to manager level ) McKinsey had much better talent .

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I don’t think our lifestyle is much better than MBB, and perhaps this is the case for most T2 That being said, on average, I noticed folks with PwC MC have nicer hours as they work on longer transformation or technology projects. If I were to guess, a lot of it came from 1. We bill more hours and 2. Our clients are more demanding and 3. Partners usually understaff significantly

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I have worked at big 4 and here with you at McK. Also looked at niche firms. Happy to discuss. Big4 is way different for so many reasons. First and foremost, working at big4, Strategy is an ancillary offering not a core focus. No matter what Deloitte and PwC Strategy& say, they are audit firms with strategy groups. You work with tax and audit and the managing partners are almost never Strategy people. This is a huge difference.  Tier 2 you can find some niche stuff that is very similar to MBB like ATK.

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M1 accurately described my experience, you don’t work with tax or audit teams but most people don’t realize many of the partners in consulting or advisory for PwC are former tax or audit partners and have that mindset

My background is an MD and I stumbled across consulting. No judging here

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On work ethic and WLB. MBB expects more for sure but I have always find people who ‘work too much’ at every firm. If you work too much at D you may just do the same at MBB. Define your own balance

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Worked at Deloitte and McK. I've personally seen a huge difference. McK values high quality work and talent, and Deloitte values sales and networking. Many times it felt that Deloitte folks just sold whatever they could get away with even if they had no expertise. Landing long multi-year staff augmentation projects seemed to be the goal and Partners would figure out the skill set later (many times they'd staff someone and then pay for them to attend a 2-3 week coding bootcamp to learn the skillset on the weekends). The first week of a project, the Deloitte Partner would already openly talk about positioning ourselves to sell an extension. Also, junior level Deloitte employees were trying to sell to clients vs at McK, junior level employees focus on the work and analysis. Also saw a lot of strange politics at Deloitte, like Partner and client kids being hired and people having to walk on eggshells. McK is longer hours but it feels more merit based here, quality focused and the pay is much higher.

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I don’t think there is anything wrong with learning on the fly. I think the issue is that the mindset at Deloitte is to sell the follow-up engagement. My strongest performance review in 7 years was “sold follow up work of $5.1M”. Disregard all the impact I delivered— just “hey he made us more money”

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I worked at both a Tier2 and BCG: 1. Day to day work was similar. BCG had more big company-wide transformations but in general there was a ton of overlap in both project type and clients 2. At junior levels WLB is actually better at BCG because upward feedback is taken very seriously so seniors pay more attention to the “experience” the As snd C’s are having. BCG was also more willing to adjust the staffing and or engage with the client if the case was mis-scoped or the client kept adding stuff. At the more senior levels the suck is about the same at the T2 or BCG 3. Pace of work and quality expectations were generally the same. At the Tier 2 people were a little more willing to work with someone who was struggling because the offices tended to be smaller and more tight knit and they didn’t have the seemingly bottomless pool of people to draw from for the next case that BCG does

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Ever wondered how it would be to actually try to deliver the insane ideas MBB dreams up? Welcome to big 4 consulting.

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Implementation

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Know it’s a long shot but any McKinsey or MBB folks willing to case practice with me? Specifically the quantitative part…did not do very well in my recent coaching session on the quant question.

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What’s the difference between the type of LS consulting work that ZS, LEK, and MBB does?

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Oh is this what we mean by the Big 4? 🤔 Deloitte EY PwC KPMG

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experienced consultants who moved to MBB: do you find the work/projects more interesting?

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Does anyone work internally at big 4. Can anyone provide some insight?

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At same package working for which Big 4 will better for growth in the long in run and why EY or KPMG ? Considering SAP profile

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Does MBB, Strategy&, LEK, ATK etc allow rotational programs in different countries (London, UK, etc)? How competitive are those rotations to get into?

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ACN S&C 🐠: have you guys also had a pay revision similar to MBB and T2 firms..?

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What’s one skill you wish you could have refined before starting at MBB?

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Thoughts on exiting MBB to revolut? Seems like culture there isn't great, but RSUs could make it worth it?

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12+ year consulting professional with no college degree but got lucky with my job opportunities across different B4. Do you think future employers will look past me not having a degree but instead my YOE at this point in my career? Or will that hinder new opportunities. Should I stay where I am?

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Hi Fishes, whats the difference between progression and promotion in EY GDS?

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What is considered “dressy casual” for a firm holiday party?

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Know it’s a long shot but any McKinsey or MBB folks willing to case practice with me? Specifically the quantitative part…did not do very well in my recent coaching session on the quant question.

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With inflation coming in, anyone asking clients to raise rates. With the margin pressures internally, client cost pressure and rise in prices it’s getting frustrating.

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