{ "media_type": "text", "post_content": "HELP! I just got a BCG consultant offer. PwC paid for my MBA. I still need to work here for 3 more years before not owing any of it back (currently would have to pay 100% of it if I left). Is the move worth it? Or should I maybe push to move to Strategy& (internal move) instead of BCG?", "post_id": "6035d8c3e73124002a4763bd", "reply_count": 156, "vote_count": 43, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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HELP! I just got a BCG consultant offer. PwC paid for my MBA. I still need to work here for 3 more years before not owing any of it back (currently would have to pay 100% of it if I left). Is the move worth it? Or should I maybe push to move to Strategy& (internal move) instead of BCG?

likehelpful
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What’s your TC BCG offered? Let’s crunch these numbers and see if it makes sense to jump ship. I’ll try my best to help you decide what your next step should be.
1. How much would you owe PwC if you’re to leave?
2. Do you like working with the team at PwC?
3. Do you plan to further your way up to the partner level at consulting?
4 Do you think you may be able to get an offer from any of the MBB firms down the road if you’re to decline their offer now?
5. How much are you currently making at PwC?
6. Do you think PwC can move you to the strategy& side if you request it. If yes, how soon could you make that move within?
7. Are you ready to travel heavy if you choose to work at BCG?
8 Are you married yet? If not, when do you plan to do so? I asked because at BCG you’d travel a lot which could put a strain in your marriage (you may not be there like you should as a father, attending their games, spending personal time with them, etc)

likehelpful

Thanks! Let me DM you my responses.

Even with the loan, I’m guessing the NPV of BCG is greater than PwC. Hell, the intangible benefits (e.g., network, development) alone probably justify the investment. I’ve grown leaps and bounds since moving from EY>EYP, but I can only imagine the boost of going from PwC > BCG. (No offense PwC)

That said, being debt free has its perks. And assuming that you’re a top performer, it’s not unreasonable to think that you can quickly grow your comp through a) outsized raises/bonus, b) fast track promo, c) networking into a higher pay band within PwC (e.g. S&), or d) all of the above.

Whatever you decide, it’s a nice problem to have. Congrats !

likesmarthelpful
Recent IconRecent

Then tell BCG to pay for it or you’re not going to be able to accept their offer

likefunnysmarthelpful

Bcg4 nailed it. If you know consulting and willing to stick it out with awful work life balance for 4-5+ years the BCG is better financially and better career wise.

If you think likely not, then honestly bcg for 3 hrs vs pwc for 3 yrs is a harder call as will be losing some cash. But bcg probably better exit opportunities.

likefunny

A bit confused by this situation - you didn’t consider this before applying and interviewing?? BCG offers don’t fall out of the sky, you must’ve had some time to think about it?

likesmart

M6 as someone who has been lying about how casual the process for me interviewing with mbb has been I am absolutely dead. Hahahaha Feeling residually called out. Lord knows I’ve been putting in 5 hours a day during the work week

Take BCG and a loan

likesmart

This is not even close. Go to BCG. In 10 years, $140k will not feel remotely as large as it does to you right now.

like

Former Deloitte Employee. Did this post-MBA. Exact same thing. Not at all worth it. Do not recommend. Two reasons:
1. Exit opps are highly similar, if not same.
2. Like a few other people have pointed, NPV calculations (regardless of whether you want to do consulting for x vs. y years) are a moot effort - you cannot reasonably predict the probability of you getting transitioned from BCG.

I had a fantastic network at Deloitte and had 2 fast track promotions. I have struggled every single day I have been at BCG, and might be transitioned the upcoming cycle.

When you do any calculation, DO NOT forget to FACTOR the brand equity of your network at PWC.

There is no right answer here. Just my 2 cents.

like

Solid counter perspective. I hope you thrive past the transition. Sure you will do just fine either away.

like

Demand an immediate move to S& as a counteroffer. If not, leave. You should make more at BCG, so the payback shouldn't kill your finances assuming you can finance it.

like

Don’t demand anything from an employer that’s already paying 6 figures for your MBA. You’ll make a lot of enemies

like

Facetious (kind of) answer: ask BCG to defer start 6-12 months from now. In meanwhile start seriously to underdeliver and be professional but not pleasant or easy to work with...end goal is to be let go by PwC with no strings attached and then start BCG.

More serious answer - if payback is on a sliding scale depending on how many months/quarters/years you worked - then seriously explain the situation to BCG and ask them if they would defer your start like they do for Their returning sponsored consultants so that you can owe less and make it worth for you.

likefunnysmart

That’s not what “cause” means in US employment law, SC3. Being let go for poor performance is almost never being let go for cause. “Cause” is things like stealing, fraud, not showing up at all, sexual harassment, etc. One way to think about is if you’re terminated for cause, you’re ineligible for unemployment benefits. People fired for underperforming are generally eligible for unemployment benefits. https://www.thebalancecareers.com/termination-for-cause-1918274

likesmart

PWC paid for your MBA. Honor your commitment and then think about job-hopping. Why are you interviewing with all these other firms when you know you have this financial commitment to PWC?

likefunnyupliftingsmart

Honor his commitment? He didn’t marry PwC...

likefunny

If you don’t stay yo dumb ass put and stay debt free. “Brand” is not as important as you think it is at this level and point in time. Your opportunities will be the same.

likefunny

I didn’t suggest the final Statement at all. I read through the information OP posted on all of those and it makes zero sense financially to even consider the offer. Considering OP’s point in their career, if it doesn’t make sense financially, they shouldn’t be doing it.

If you are asking such questions, i am surprised that BCG has hired you. Or has BCG bar fallen so low?
Reason: the $100k MBA fee is a rounding error in the difference in npv of switching to bcg right now

likefunny

Also, depending what MBA program they’re at, it’s probably a lot more than $100k. Most ~T15 schools will be more like $150-$160k assuming its full tuition. That’s not insignificant

BCG not question- think about the next 20 yrs are your career not your next 5

like

Pwc has zero incentive to help you leave or transfer you to a different role, BCG has no incentive to give you more than your offer. If it’s worth 140k to leave, leave. Just think about how you’re paying that 140k back. I’m guessing you don’t qualify for a student loan after graduating so do you have the cash?

like

OP FWIW I disagree with principal 1 saying pwc has no incentive to help you transfer. S& is going through MASSIVE hiring push. We simply cannot hire fast enough. I actually have spoken on this app with someone who received an MBB offer and used it to move to S&. OFC YMMV and you have to be very careful in navigating these conversations. There's always a risk. But it is not impossible

likehelpful

Y'all are nuts to suggest OP give up 140k now for a better brand and the promise of accelerated comp increases and learning. None of the rewards of BCG are certain and OP may not last to reap them, plus Pwc is a good company to work for in the grand scheme of things. This app is so extreme when it comes to MBB

likesmarthelpful

Congrats! That’s a huge deal! Def worth the loans to go to BCG.

like

Has anyone considered the fact that PwC is not up or out? The problem with a long view NPV is that OP could be counseled out of the firm, at which case the long term stability of PwC + the differential of PwC over industry might make it a better option.

like

DO NOT GO IN DEBT. Jobs will be there in 3 years.

likesmart

If you go with BCG you will have way better exit opps if you want to leave to industry, definitely something to consider before you make the decision.

like

As a former BCGer and current PwC partner, that’s not entirely true.

like

Switching to S& is annoyingly difficult. I ended up going to a T2 cause an outside offer was way easier

like

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