Is working at MBB in 2022 still makes sense? I bet it was a huge deal back in 2000s , but right now when there are so many great startups, FAANG, etc

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Name some great startups that polish you like consulting.

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No, you get titles that appear more senior than you’re qualified for. Equivalent roles at traditional corporates and big tech carry far more weight with far more responsibility (and pay).

Agree with the second part of your statement, but that’s a big if.

I think people really underestimate how good exit opps are at McKinsey vs even BB and tier 2.

My buddy’s that worked there have the world by the balls

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Fair but McK vs. BB is a different distinction than GS vs. BofA etc.

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I’d choose MBB over big tech out of undergrad 10/10 times

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Even short term I’d rather be at big tech

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Even MBB is watered down compared to the early 2000’s. There’s just so much tech implementation and data analytics work to be won but don’t require the best and brightest which leads to brand dilution.

An ex McKinsey partner said McKinsey used to be like the Navy SEALS, and now it’s more like the marines. Definitely not the same prestige and gate-keeping factor.

Not saying it’s a good or bad thing. It’s just the way the market has moved, and if it didn’t make sense, MBB wouldn’t have branched out into those businesses.

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BCG…are the mall cops of 2022

It still makes sense, but yes, MBB has more competition for top talent today vs 20 years ago. Back then, it was consulting vs banking. Now it is consulting vs banking vs tech.

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There were "so many" great startups in 1999 too.

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Lol when AOL brought tech talent to Loudoun County, Virginia when it was still mostly farmlands

Depends, do you have hard skills like CS and math? If not, it’s still one of the best options out of school.

Let’s see how many of those great startups fare during the recession

I’ve spent several years at an MBB and, although C2’s comments are quite superficial, there’s some truth in some of them (e.g. too much bias towards analytically heavy deliverables vs. action oriented, some (not most, ofc) projects truly are a bit “fluffy”/too qualitative, etc.)

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No it doesn’t make sense. Big tech is it now

Not for the next few years at least. Tech is in for a lot more pain before there is even a chance of getting better. Years of reckless spending has finally caught up. Combined with govt regulation headwinds, there are even doubts whether two of FAANG companies will even make it out intact.

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