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Bain & Company Hey there,
Anyone have any idea about Associate consultant pay at Bain in Riyadh?
In the last reound and I have an offer from OW. (apart from money, which one is better? in terms of culture, WLB, and less public segtor work)
wondering if it's worth it to do the next round or not.
+ any idea about signing bonus & relocation benifit? Bain & Company Oliver Wyman
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Thought this was interesting. Across 160 teams of researchers, just about all failed to make good life outcome predictions on things like GPA, evictions, layoffs, and others. Data followed 4.5k families across 15 years, with 13k features (varied over time). Haven't looked at it directly yet, but will be turning the docs and data inside out... In the meantime, authors claim this as showing the limits of ML. Oh, and it's published in PNAS, so you know there's some big publication energy there.
https://www.pnas.org/content/117/15/8398
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Depending on practice area, hours are probably fairly similar (at least in transactional).
Responsibility / expectations will be a lot higher - on deals US firm usually has: 1 equity (nominally / sporadically involved unless big client / usually only for commercials before docs kick off), 1 non-equity (essentially the partner - on calls etc), 1 senior associate (actually doing the docs) and 1 junior (CPs and ancillaries, managing counsel, etc)
The team will typically cover the deal, whereas I’ve seen AT LEAST about 2-3 additional people on the MC side sending substantive stuff (and about another 23 on the distribution)
If you’re thinking about the move, you may as well try it - nothing to lose!
I trained and started at MC; now at BigLaw - the “responsibility” thing is utter bullshit. MC will give you as much responsibility as you show yourself being capable of handling (why wouldn’t they?) ; so will US firms. It DOES depend a bit on area - massive corporate deals likely to have bigger teams and more hierarchy than smaller niche matters - but that will, again, be the same across the two.
The hours will also vary but again, I’d be unclined to call bullshit on this one (but this time perpetrated by MC): I worked far harder at MC than I do now.
I was on secondment to a US firm with ex MC associates. It depends on the firm, but they generally said it's a lot more responsibility due to smaller teams, more client contact, much more business development etc. Hours vary at US firms but you'll generally be working as hard as MC. In any event, there are only 24 hours a day, US firms didn't create a 25 hour one!