Just heard someone say that Mastercard consulting is just as good as MBB. Anyone else just find out that they have a consulting arm?

funnylike
Posting as :
works at
You are currently posting as works at

Unhear that bs

likefunny

Water… $0.25
Sugar… $0.25
Colored flavoring… $0.99
Cup… $3.00
Drinking your own Kool-Aid… priceless

funnylikesmart

For real strategy, there’s MBB. For everything else - there’s Mastercard 😂

funnylike

I can comment on this.

- Pay grades are mainly determined by company wide levels … which really suck because you’re essentially getting paid the same as “industry” counterparts
- Talent is mixed, everything from ex-B4 to ex-MBB can be found there
- Industry focus is as you would expect, >80% issuers, some fintechs
- Business model is basically “how do we use our proprietary transaction data to make banks richer?” Think data analytics, customer loyalty and marketing, etc. On top of that there’s things like digital transformation, cybersecurity, etc.
- Compared to B4 — pay could be slightly better but growth is slower (tenured-based promos)
- Culture is better because that’s a payment industry wise thing
- AFAIK Mastercard’s strategy is to make D&S a core piece of its business due to the high margins and growth
- TLDR: good place for burnt out consultants who don’t wanna exit to industry, but not comparable to traditional consulting houses in terms of career benefits

likehelpful

Ha that person is delusional. I work in Advisors and similar to the LEK response we are very strong with issuers leveraging our transactional data as well as merchants with our test and learn platform.
WLB is significantly better and burnout is not really a thing. We have an interesting model where from our most junior consultants we put people on multiple billable projects so that helps internal manager’s expectations about working all hours on just one client deliverable.
A large proportion of our work is paid for through network kick backs and we have a dedicated sales team so RFP work is non existent. This results in almost no bench worry and we rarely lay people off.
Probably the best part is that after a few years consulting you can jump to the wider part of Mastercard and do product, account management, sales etc.
So no, we are not MBB but nor do we want to be. That and I enjoy collecting money from MBB who buy our data analytics outputs from our transactional data.

like

It was/is called mastercard advisors. Absolutely nothing close to MBB

like

You’ll be thrilled to learn about Porsche consulting. They’re been better than MBB.

funny

Although generally it’s self-satisfying koolaid talk, I’ll say from what I’ve seen and heard there are plenty of smaller consulting firms that do very niche kind of work that is likely on par or better than MBB because that’s all they do and their consultants become very specialized. Really not that unusual (and half of the founders of those firms are ex-MBB themselves). Maybe that’s what’s happening or being referred to here? Like maybe they just deal in payments and consumer financial institutions or something

like

Yeah….and they could solve the banking crisis tomorrow; be the smartest financial services firm on the planet…..but the Mastercard jokes are still funny 😉

like

“MBB” is three different firms, which each have different strengths and capabilities.

It’s kind of meaningless to say a consulting group is ‘just as good as MBB’ without specifying what ‘good’ means in this context.

From a broad based capabilities standpoint, they are almost certainly not as good as any of the MBB firms; when it comes to advising banks based on transaction data, they’re probably pretty good.

like

They’re everywhere you want to be

like

And know everything you want to know.

like

Here's the link...
https://www.mastercardservices.com/en/solutions/payments/mastercard-advisors-consulting

lol

Related Posts

Question for AWS folks or anyone in general.. when you got the preliminary email with the different questions, and they asked about TC, what did y’all say?

I’m going for a Sales & Strategy Operations analyst, and I’m not sure what to put/ask for up front, especially with equity.

I have 2 YOE and a Masters of Science in Analytics.

I appreciate the help!!!

like

LTI-Larsen & Toubro Infotech is Hiring Cloud Profiles!!

**Interested can DM Email with Job ID**

Np with 30 days will be Preferred!!

Post Photo
like

Which Big Law firms in San Francisco/Bay Area have good L&E groups? Good as in legitimate group and not some group that claims to do the work but really just writes blog posts and answers some advice and counsel questions. Amongst those, any intel on culture, WLB, etc.?

like
like

Hi All,

What should be the salary expectations of a 3.8 years experienced, post graduate, ISTQB certified QA Engineer? I am under salary negotiation with a company and need suggestions. My current in-hand CTC is 6.5 LPA.

like

Looking for help/advice for case study interview in consulting firm in Canada. It’s a role in supply chain/retail vertical- I come from a merchandising background in retail

like

What is the difference between PwC practice offices and Acceleration center? Is it hard to transfer from one to another?

Don't trust the influencers, see my comment why 😅😂

Post Photo
funny

I am thinking to switch my career from being an auditor to software. How hard it is to switch? Has anyone done this? What are your experiences? Thank you.

like

Does anyone have any advice on how to shift from a specialist (paid advertising) to a more strategic (in digital marketing) role? I've been job searching for a couple of weeks and would love to be considered for roles outside paid advertising but it seems to be extra challenging this time of the year.

like

Hey fishbowls which is the better company to join ?? Trantor or Puresoftware?

like

Does anyone know how long it takes to hear after interview (entry level TDP) from Accenture Ottawa.
I gave my interview on Friday and its Tuesday now and I haven’t heard anything from the recruiter.

like

Hello Guys,
How much appraisal hike you all have got in this cycle?
In my case they provided very less hike of 3% and I have done so much work.

What billing software does your firm use? Our firm uses Clio and my managing partner hates it. He has asked me to research and find something better.

How do u research what a good sign on bonus is? Director in non consulting, health care insurance company ?

like

Beyoncé - too much for me.

like

Working with no budgets in any team. Partners indirectly encourage you to eat up hours. End of year it’ll hit my util even tho im 150% utilized. Getting sick of this nonsense.

likesmart

I resigned 3 months ago at Infosys and joined Accenture. If I want to join back to Infosys now can I apply?

Is there any minimum time to stay for rejoining?

Seeking feedback from KPMG, BDO, CohnReznick auditors - what do you like and don’t like about your firms? Which would you recommend? Particularly NJ/NY but any feedback would be helpful - considering Manager level.

like

So a company I interviewed with took me to the final round but rejected me for an architect role. Then, two months later the hiring manager hits me up for a manager role he thought I would be a good fit before the job was posted. We had a call and he said he thought I would be a long shot replying back to him. Also, he said everyone liked me and no need to interview. He said he has to post it and let HR do their thing before he can make a final decision. Why post a job if you want me for it?

like

Additional Posts in Consulting

I just deleted five emails whose only text was "Thanks!"

Do you find these emails beneficial or annoying?
Is there a social cost of doing away with them?

like

Need help evaluating. Current salary: 205k, bonus is 40k, Senior Manager. Offer: $225k, 40k sign on, 40k RSUs, Senior Manager. Market is red hot right now and the incoming offer doesn’t seem compelling enough to jump. Am I mistaken? Opinions welcome. Tia!

like

So our home got broken into - lost a few valuables but emotional stress of private place violation is huge. Super mad and sad. How does one get over such a traumatic incident to move on emotionally and rationally. Sincerely looking for help.

like

Will FB replace work stress councilors?

like

Was passed over for a promotion and a friend said ‘well, everything happens for a reason’. Do you believe everything happens for a reason, or are you smart?

likefunnysmartuplifting

What does travel look like at EYP, specifically in the commercial excellence practice? Is remote work acceptable, or is it a combo of in-office/client site?EY

like

What's the best consulting firms for H1B folks who have studied masters in STEM here? Got a cousin graduating this fall and he needs to know H1B/GC policies.

like

What are the best consulting firms for pricing (consumer goods focused)?

like

Is There A Firm Or Group I Should Target To Do This Kind Of Consulting? (details below)

likehelpful

I have a candidate looking for a referral to PwC for a recruiting position. Anyone from PwC willing to refer?

likefunny

is anyone else seeing an uptick of high school students on linkedin

likefunny

If y’all were to learn excel from essentially scratch, what resources would you use?

CS major that very infrequently uses excel but feels it’s a necessary skill. Thanks.

likehelpful

Any book recommendations? Preferably shorter < 300

like

I am starting a new role with a new company and will have 6 direct reports. Although I have managed teams before in a consulting project setting, this will be the first time in industry. Any recommendations on how to sharpen my management skills (books, blogs, etc). Particularly looking at how to delegate effectively and practical examples on how to run day to day.

like

Wanted to share about my job search experience, and happy to answer any questions. Over the last 18 months interviewed with the following companies and failed - McKinsey, BCG, KPMG, Oracle, Google, Invesco, Microsoft, Cisco, VMware, Amazon, North highland, Microfocus, Atlassian, Orange, equifax, and a few others. Most of these are senior level positions, so interviews were tough. Didn’t get the job for one or the other reason. Finally accepted a offer with a large tech company. Keep on trying..

likeuplifting

Was having this discussion with one of my friends, wanted to get your thoughts on it. We are of the same religion, but he is more religious than me. I personally feel like everyone is allowed to choose their religions and should be able to take off as needed. However , I also think that the religious folks need to understand that while it is their right, they need to make sure they're keeping up. I feel like when he takes off for religious observations, he doesn't do the extra work to...contd

like

Happy Diwali to all the fishes ! May your dreams and wishes come true 😊.

likeuplifting

What can I do outside the office to boost my resume and be a substantially more attractive candidate for top consulting firms in ~12 months time. Working in disputes and valuation role but want to go into management consulting next year (post MBA role). I feel like my job isn’t enough because skills aren’t considered as transferable outside this field.

like

Guys- what's a good gift from your SO under $500? Just replied to the thread for women and need some help of my own.

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal