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Haha every year the same tune. What is relatively recent and true is that BCG has been trying extremely hard to be more like the “The Firm”, as you put it. You’re right in that the differentiation between the two is increasingly less clear. Bain has always been different, and that has always been intentional. Copying what you folks are doing <> a good strategy. We’ll keep working on what we’ve been good at for nearly 50 years, and presumably McK will keep doing what it’s been good at for nearly 100(?). BCG is playing a curious game, will be interesting to see how it pans out.
You’re right BCG2, there is plenty room and the space keeps growing. Seems like things are healthy all-round friend!
The analysis is more or less that Bain have fatally fallen behind the green and blue teams due to the lack of investment into global expansion. While they’ll still hold on in the US and in certain practice areas, the global competition is now more between McK and BCG, and that these two will have better scale in building competencies and portfolios. From the numbers, the current rush in analytics/digital might accelerate the gaps as McK and BCG has gone further ahead than red team with renewing their service offerings, helped by a significantly stronger presence in some global digital hotspots
Strategic decisions to fall behind
McK - Maybe you don’t know how this works, but typically MBB doesn’t pick on MBB in this forum.
They think we don’t get that!
Everyone whenever you get firm surveys, please always complain comp is too low. That way when you get raises we match, when we get raises you do etc. and everyone makes more
Ah the consulting cartel ...
FYI, KPMG part is pure joke like Deloitte and Harvard.
C Ed occc C I ref imo p p lab kko p
Ill believe BCG is like “The Firm”, when BCG starts pushing opioids to vulnerable communities and helping dictators identify journalist to murder. Until then, offerings are not the same.
Seems like at least one consultant was aware of the plan to counter mothers whose children had overdosed. Did McK recommend it, I’d hope not. Were they aware and didn’t view it as a disqualifying business choice by Purdue...yes. We can argue about who all our firms should and shouldn’t work for, and we should, but that discussion should include an acknowledgment of the facts* *If the NYT is lying...you all should sue. This chapter of McK’s business is a blight on its reputation (both to the public and to potential recruits).
Anecdotally, I’ve heard that for cross offers that we lose out on, we lose more to Bain than BCG (at least at the BA/AC level out of undergrad). Probably because as @B2 mentioned, they intentionally differentiate themselves in a few ways (PEG rotation, local staffing, etc)...so at least from a recruiting perspective, not clear that they are falling behind at all
Obv it’s the frat boys
My sources at Bain say they don’t see scale as an end in itself...for better or for worse... because the strategy side of the industry has def consolidated over last 10 years. Marakon, Monitor, Booz, Oc&c in some European markets, Roland Berger were in trouble...