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Considering I’ve never heard of Altman…
Pro
I’ve never heard of Altman and my bet is 99% of hiring managers haven’t
So I’d say it depends…if you like the work at Altman/ are ok with tmt exit opps or b school , then I’d probably stay since experience usually wins out in those cases. What position are you at the firm? For SC and above, Altman pays on par with BCG, and I think Altman comp is actually better from manager up. I’d move to BCG if you are 1.) more than a year away from promotion 2.) unhappy with tmt work and want to pursue generalist work 3.) have no plans to go to business school as of yet 4.) are below manager level. Just my 2 cents! My friends at MBB have said that if you are looking for the “prestige” factor, it helps but not as much as we think
Pro
Yeah there’s no way Altman pays better than BCG. PLs with 2YOE are making 350K
Not a lot of people have heard of Altman, so even if it was as good as or better than BCG, you would still have way more exit opps from BCG because of its reputation.
Never heard of Altman, and willing to bet that bcg will beat them on total comp, perks, exit opportunities (both b-school or industry - unsure why the other poster thinks it’s better to remain at Altman if you want to eventually go to b-school), and overall prestige.
So unless you have great relationships there, love the work, and have a clear path of what’s next, I see no reason not to move
‘I think’ is not a data point. There’s always going to be exceptions, but I’d argue you’d have much better exit opportunities even in tmt out of MBB.
I looked at FAANG employees at a manager level and above that were previously at either firm and the difference was 1:25+ in favor of BCG. Assuming the consulting staff is about 1:10, you still have significantly better exit opps in tech out of bcg. Looking at director and above, the discrepancy is even greater implying better progression (or better exits again).
Im sure the results will be similar for b-school (esp HSW) or PE. Not to mention, the overall prestige and network is much stronger. MBB is not a golden ticket, but certain offers more looks than other firms. I do agree that if you’re a superstar at a smaller firm, you can progress much faster but outside of that, your argument doesn’t hold too much weight
Yes. BCG is MBB.
Who is Altman? Never heard of them.
For a consulting role? Absolutely.
I was saying it because I’ve never heard of Altman
Rising Star
Assuming you are relatively junior, there are only two possible reasons I can think of NOT to move:
1. You have a gigantic hard on for telco work
2. You really hate working weekends
I understand the arguments above on exit opps and that they are attributed to prestige and brand than actual difference quality of work. Unfortunate but that’s how it is. Question then is how important is brand for a junior, SC/M and for a partner. I think prestige becomes less relevant?
Rising Star
Agreed with A2. I know partners who have moved from McKinsey to IBM. Because they get paid more.
Brand is extremely important for your long term prospects. Unless you see yourself staying there for life, go earn your stripes and open up far more doors down the road.
There're a few factors I'd consider.
1. Prestige: It's always debatable, but BCG has, no doubt, a much stronger reputation, which translates into better exit opportunities. If you plan to exit to telco companies, Altman may be a better option.
2. Compensation: It's unlikely that Altman offers better TC than BCG, especially from post-MBA level onwards. However, when you moved from Altman to BCG, there might be a downgrade in title and thus, a reduced compensation, so this is something to look out for.
3. Network within firm: You might need to start building your personal branding within BCG again, but assuming you're at relatively junior level, that wouldn't be an issue.