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Bain & Company Hello, I received an offer as a Senior Practice Manager at Bain. The profit sharing range is 0-12% in the offer letter. Is it typical to receive the midpoint (6%)? Also, what do the annual salary increases typically look like? Any insights are much appreciated. Bain & Company Boston Consulting Group McKinsey & Company
McKinsey & Company Hi everyone. Hope all is well.
Recently took the McKinsey & Company game (not sure if I have an interview yet but preparing nonetheless). It’s an entry level business analyst position and an entry level digital position and was wondering if anyone wanted to case prep with me. I’m willing to work on anyones time zone. (I’m located in Sydney, Australia).
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It’s another level of grind at the big funds. No protected time at all really. Def some sweet mid market gigs out there but I’m not sure the hours are lower?
Mix of:
1. Not having a chance / not pursuing aggressively and the # of seats is significantly lower
2. Diff job fundamentally - one that has a lot more direct ownership in results. Some don’t thrive in that
3. Consulting is more academic which is better suited for folks who are a bit more nerdy on average
I know MBB folks like to think that they understand a PE partners job, particularly if you spend time doing CDD & portfolio value creation, but it’s such a small portion of the job. There’s a lot that consultants don’t see.
Selling an engagement is much easier than sourcing the right deal. Usually only a handful of deals that make (or break) an investors career over a decade / decade and a half at least
F
Consulting is more varied. The problems are more complex. It’s a more academic discipline. It’s also complete horseshit and detached from reality more often than not.
At a senior level, the comp is probably on average not wildly different. Far more lumpy in PE though, where in a bad your you might take home very little, but average year will surpass an MBB partners good year