Got offers from ClearView and McKinsey. Medium term goal is to work in life science/pharma. Any advice one which to choose? (Leaving pay aside - would happily take the lower salary of work is more interesting/exit opportunities into LifeSci roles are better)

likefunny
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There is not a single good reason to choose ClearView over McKinsey 😂

likehelpful

It is entirely contingent on what OP wants to do.
CV guarantees a life science focus in areas like NPP and brand strategy—areas where scientific and market-specific knowledge are very handy. I chose CV over McK and it was a great decision.

Is there a firm in general you’d pick over McK in life sciences?

funnylike

The dark horse rationale for ClearView over McKinsey:
- Guaranteed life sciences focus from day one, no need to navigate a generalist model and find McK partner sponsors to pull you in (also saves time to industry relevant exit creds)
- Faster promotion trajectory - which can translate to elevated roles at industry transition (admittedly within a narrower aperture)
- Projext mix while diverse will focus more narrowly on how innovative science becomes innovative medicine, whereas I believe McK has lots of biopharma operational work and less focus on questions of technical and clinical innovation.

If you want to focus on intersection of science, medicine, and commercial, ClearView is the narrow clear focus. If you want broader life sciences operational exposure then McK probably a clear winner.

likefunny

Keep in mind CV has more levels than McK, so I would not say faster progression is really a consideration: you (might - no guarantee) get to update your LinkedIn more often but the progression in responsibility is no faster and often slower.

Reasons to pick CV are life science focus guaranteed instead of possible, and not being on the road M-Th.

You’re going to get a lot of very opinionated people from ClearView on this bowl, but I will say 3 things:

1. Mckinsey will probably guarantee you better exit opportunities assuming you can stay for at least 2 years (there’s been a ton of layoffs and PIPs that I’m sure you’ve heard of so talk to some folks within the life sciences practice you’ll be joining to get a pulse check). While CV did have a good sized layoff 1.5 years ago, business rebounded and we’re on track to bring in 100+ analysts/consultants
2. The exit opps for each company will be a bit different. ClearView works much more on the product-specific level (so think associate directors/directors for a specific drug). It’s much more specialized compared to most of the life sciences work that Mckinsey does (and technically lower level) but you might find it more interesting
3. Both have pretty bad WLB so know what you’re getting yourself into. Despite what some may claim, Mckinsey folks still will work longer hours on average compared to us (just the nature given their travel requirements).

like

100% go to McK over CV. Exits are meaningfully different (read: better, in my opinion) and your brand, peer, and alumni network alone will add tons of long-term value for you.

likesmart

Why is this even a question - you need to choose McKinsey

likesmart

Mck will provide better exists ops & better training/learning

like

Can you share how pays compares across same rank in %s?

like

Consultant base is $125k with $20k bonus, no equity or profit share

like

I cannot speak to the exits that the ClearView folks get (I have seen some exit to VC and other LS jobs) but I will say that the McKinsey name seems to open more doors. I would like to think that knowing the markets matters more but I do think that the name of the consulting firms does help, also having tangible implementation experience does seem to bode well for many jobs versus the more "academic" strategy work

Go with McKinsey now, if after 1.5-2yrs, you don’t like the projects, move to CV.

Are you a PhD/MBA? If yes, in 4 yrs or less, you may be able to find positions in pharma (hopefully, by then the US market is in a better shape).

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