Diversity quota is real: both for B-School admissions/scholarships and MBB recruiting.
Readers be warned. Your skills don’t matter as much as you think.
That is all.
If most of the partners I work with are ex-MBB (at a T2) is that indicative of potential success at MBB?
I need someone to tell me whether an top 5 (not H/S) MBA is worth it: working at MBB as a manager at 26 y/o, joined directly out of a well regarded state school (UVA, UNC, UM) from a non business background, with consulting experience and interest in tech. Debating leaving directly for a tech company against going to school. West coast in case that makes a difference.
Hey there anyone from MBB NL willing to give a rec? From San Francisco and moving over the pond this Summer for family.
Any MBB fish willing to refer ? Have a standing offer from Kearney but would rather join an MBB
What is the current way of working at MBB firms in London with COVID? Do you go into the office much? Do you still get the occasional office outing/fancy dinner etc? Is it purely work from home? From someone considering transitioning from IB to consulting because of how mind numbingly boring wfh has become and how much I know MBB look after their people.
Hi y'all, hoping to recruit for MBB full time this fall. How strong are your practices in pharma / biotech / medtech / life sciences / etc and what are key differentiating factors between the 3 firms in this line of work? Also what are the chances that you can specialize into this work relatively quickly post-MBA?
Just hoping to learn more about the firms and begin building a cohesive story for recruiting. Thanks in advance!!
A recruiter from MBB reached out on LinkedIn and we scheduled for a call for me to get to know more about the role and them to know about me. I have less than one year YOE and have not been reached out before. I am very nervous. What should I expect from the call and how do I prepare for it?
McKinsey & Company Bain & Company Hi fishes, requesting a referral in Corporate Finance and Strategy or PIPE/PEPI team at MBB. I can DM all the details and resume for your perusal.
McKinsey & Company Bain & Company Bain Capital Boston Consulting Group
How’s everyone’s firms doing?
MBB, Strategy&, EYP, Deloitte, Big4, OW, RB
Is the worst over?
180k base + 40k RSU yearly FAANG offer VS. 220k base MBB offer: which one is considered better purely from a monetary perspective? FAANG has refresher but MBB has higher bonus right?
How MBB experience help with Warthon application. I work in analytics and want to get an MBA to get into more strategic positions ins Tech companies.
What are some strength points I should focus on? And common weaknesses. Any tips are appreciated!
Thanks in advance.
McKinsey & Company Happy to help with a referral to McKinsey & Company since I see a lot of people interested in MBB referrals. Feel free to DM
McKinsey & Company Bain & Company Why do MBB raise salaries regionally and not worldwide?
Boston Consulting Group McKinsey & Company Bain & Company
Can anyone give an update on most recent comp packages for MBB or tier 2 firms? - consultant/senior consultant level. Base, bonus, etc.
With MBB and in advanced discussions with ACN for L4 MD role. Current overall comp 500k. Is it fair to expect fixed 300k with 50% bonus + RSUs worth 100k?
Has anyone moved from the Big4 cybersecurity practice to one of the MBB's at levels below manager?
I want to know what the requirements are for such a transition.
An advice on how to approach the application and how to land an interview with an MBB firm? I am at Accenture but want to engage myself in “pure” strategy work.
My FICO score just hit a milestone of 812. Should this be the opportunity to look into refinancing a lower rate mortgage?
There you have it folks another turn 🖖🏿
Ladies, I know I’m very late on this but been reading about HPV vaccines. Have any of you gotten the vaccine? Side effects? Things to know? I’m not currently sexually active and have only had 1 sexual partner my entire life so haven’t really given this much thought. I’m reading now that the vaccine is less effective as you get older (30F).
Any chance SG rental prices will be coming down soon ? I'm returning to SG after 3 years abroad and debating staying at figment or hmlet for a few months before locking down a 2 year lease.
Bain capability network(BCN) vs Axtria ingenious insights
Which one is better and why?
Bcn - Associate - 10.7lpa fixed + 1.3 var
Axtria - associate - 12lpa fixed +50k joining bonus
I got an interview for technology controls audit in industry (bank) however I only have 6 months experience. There will be also a brief case study. Any tips or advice from someone who has been through this process?
Any one hiring for lead roles, I have an exp of 1.5 years with wipro, need an change from the process
Hey everyone, need some career help...
I’m currently a BDR at a small family business who specializes in financial services. Total sales team is 11 people just to give you an idea.
I’ve been here for 2 years now and it’s my first job out of college. Id like to move to a larger company with more growth and training as I know it will help me for the future.
I’m afraid that with my limited experience and an unknown company that will be hard to get my foot in anywhere. What should I do?
I don’t care too much if I get laid off since I’m young/can find a job easily, but one of my parents got laid off today and I’m really worried about them. Can someone tell me it’s going to be okay?
Fishes, Don't you think we are made for more apart from our jobs ? What do you guys do apart from your job?
I have been working with Cognizant for over 2 years now. The client that I’ve been working with recently asked me to apply for an internal position with them. I did so, however, now the client is saying that they are not planning to disclose this information to Cognizant and that I shouldn’t too.
I am sceptical about this situation. Can I be in trouble for joining the client’s company?
Been with tech consulting for 5 years but no growth - total YOE 11 yrs - in the area of risk and regulatory consulting and implementation - not too many quality calls during this pandemic- seeking inputs from forum fishes and if anyone is interested in referring to Industry or consulting firms.. thanks !
What is the SM band for *Risk* Consultants at PwC? I’m an M at Deloitte Consulting - thinking about making the jump. Thanks in advance!
What’s the wlb like at VCA?
Does anyone have a Workday cert?? I’m getting an offer from another co. that’s really good and I think Workday is hot right now.. Thoughts??
ADHD medication with high Blood Pressure?
I found ADHD meds helpful when I worked in consulting in my 20s. I stopped the meds when I went back to school. Also have had High BP since late 20s. 15 years away, I am back in consulting and loving it, however my difficulties juggling so many projects/tasks is holding me back. I know I would benifit from some ADHD medication but my Dr won’t prescribe any with my history of BP (controlled with BP meds). Anyone else gone through this? Any tips?
Additional Posts in Consulting
I seriously feel at my best if I get at least 8.5-9hrs of uninterrupted sleep. Can anyone else relate?
I just feel tired and depressed all the time on ~7hrs of sleep on a daily. Is consulting not for me?
Has anyone used a sidetrak or similar laptop screen extender while traveling? If so, would you recommend it?
Am I considered a job hopper - 3 YOE at company 1, 6 months at company 2 (they were bought out and started layoffs, so I left), about 2 years at company 3. I'd like to find a company to stay at, but it's like companies don't value loyalty or prioritize retention
Anyone have info on MBB/Strategy& supply chain consulting? Group size, actively hiring, common backgrounds (MBA/certifications required/helpful?), project types, & interview prep tips? Looking to enter as an experienced hire. Currently a procurement financial analyst and just passed my CSCP certification. Ex-big4.
When referring someone you know well to your firm, do you typically include a letter of recommendation for them as well??
Hey there anyone from MBB NL willing to give a rec? From San Francisco and moving over the pond this Summer for family.
What are the best consulting firms for Advanced Analytics / Data science work? In terms of opportunities, best clients, most cutting edge work
When’s the last time that there was a real shake up in the peaking order? 10 years ago it was the same, 20 years ago it was the same. There is no technology disruption in strategy consulting, MBB will be MBB in 15 years too.
In the 60’s, top three were McKinsey, Booz Allen Hamilton, and Cresap McCormick and Paget.
Cresap’s owners were more interested in retiring rich than in leaving a legacy. Booz did pretty well but could never compete with the advent of BCG and Bain. McK managed to transform itself and stayed top dog.
Bain very nearly went bankrupt in the 90’s. They managed to survive but their creditor went bankrupt.
Gemini Consulting was arguably a serious contender to dethrone an MBB. Re-engineering was the #1 industry topic and they were #1 in reengineering. But re-engineering crashed hard and took Gemini Consulting with it.
I’m sure there are more examples we can find.
I think the real question is around the future of premium strategy consulting. BCG and McK no longer focus there, but use the prestige and brand umbrella to get price on other offerings that increasingly make up the bulk of their business. Can they keep that up?
No matter what, in 10 years the landscape will look largely as it is — MB as large generalist firms with strong strategy pedigree + Bain as a focused strategy shop, then a second tier of big 4 consulting shops + smaller firms with strong pedigrees (OW, LEK, ATK etc). Question is how big the gap will be. If prestige effect lets McK and BCG continue to charge McK rates for Big 4 implementation work, it’ll remain large — if pressure forces prices closer together gap will narrow.
Deloitte Consulting is investing in Operate to compete against ACN, Cog, Infy, TCS. We’ve let our Advise capability atrophy.
Bain getting swallowed by EY
The US Government will be a division of Accenture Federal Services in 15 years time.
I’ve been saying forever that the Navy should put advertisements on the nuclear submarines! Can’t make a horse drink though
I doubt anyone will be talking about management consulting 10-15 years from now.
Biggest reason for growth of our industry over the last 50 years has been the information asymmetry. Management consulting brought information and insights that were not available within the organization or the industry. We have seen that information asymmetry wane over the last 15 years.
Multiple organizations are bridging the industry benchmark and insights gap via in house capabilities and third party information provides.
A lot of executives do not see value of generalist management consultants when they can hire seasons industry advisors themselves. We have seen all this happen in the investment banking.
All consulting firms are spending a lot more time and effort on execution vs strategy. It is also expanding into areas other than corporate strategy.
Watch out for Slalom. Growing like crazy
All Acc all the way
Big 4 will be MBBK.
You misspelled Alix
I hardly see Bain as a competitor, they simply do not have the scale and capability to run large transformation programs - and that is really all Mck and BCG sell these days.
Partner 1 - your comment targeted at B1 is what I meant. Less than 20% of the work in my system is what I consider strategy, in that area Bain is a competitor. But in selling 2-3 year transformation efforts, it is McKinsey, a Big 4 or if it is restructuring someone like an Alix. It is actually not intended as an insult at Bain, quite the contrary actually.
No changes up there, but huge firms get bigger by acquiring niche firms. I'm still surprised Accenture or Deloitte hasn't bought our education practice since they keep investing in that industry but seem to struggle to get at-bats.
HC is still 45%, Higher Ed is 30%, then everything else. So it'd be a big bite out of the company but it could stand on its own easy. The challenge would be they would end up as a public company with a pretty narrow focus.
Please, highly doubt it!!
I think this is likely - consulting is power of partners and staff, Bain would be the first MBB to buy out, imagine how rich it would make all the Bain partners too.
MBB = Mercedes, BMW, Audi
They may take an L one year to the likes of Acura or Lexus for one model, but they will always have the brand equity.
The best and brightest now go to tech as of 3 years ago. It will continue like that for the next few years atleast.