KPMG paid for MBA. I have offer from McKinsey for $200k. KPMG will hire me back as manager for $185k. What to do?

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Make it make sense OP. Yes, McK offers more prestige. But don’t make this decision solely on prestige. Similar to another reply here, how do you like KPMG culturally? Are you happy with WLB? Are you happy with the work you’re doing....your clients? The difference between 185 and 200 isn’t that large to potentially have to pay back your MBA tuition to KPMG if you leave. If I were you and currently happy /content with being at KPMG, I’d take their M offer at 185 and stay at least until your probational period is over with the MBA payback. Consider McK later if that’s where you truly want to be at

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The only reason to consider KPMG is if you’re afraid for your WLB and think you’ll quit in under 2 years. The exit and network you get from a McK vs KPMG is incomparable, not to mention if you stay your comp trajectory is faster as well. 200k is base, your TC will be what, 30-40% more at least? And it will grow 20-30k a year. If you had a chance to do your MBA at HBS or get a full ride at Random State College, which one would you choose?

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Hol up, we’re giving new associates 200k? 💰💰💰

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Interesting McK1, and I don’t doubt that at all. Now that I think about it more, definitely much better off than any regular B4 anyways.

Am pretty sure kpmg would ask for their money back if you choose not to return. But if you look at there are long term gains financially going to McKinsey as their brand name propels you to the top

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Everyone that’s saying go with Mck - are you really suggesting OP take the hit of paying for the MBA themselves just to start at Mck vs. finishing their agreement with KPMG, then trying for Mck?

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A few years of bonus from McK will cover the cost of MBA, and provide greater headroom in the future. KPMG bonus is nonexistent. Go to McK

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Ask if Mck is willing to cover the cost of your MBA. Otherwise I imagine you’ll owe that amount back to KPMG unless you return for a couple of years.

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They won’t

McK. Not even close

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Think about your long term career. You went to MBA to accelerate your career. McK will accelerate your career and in the long term the $200k won’t matter with a brand like McK. If you plan to just take a chill job in 2 years anyway (less prestigious non-FAANG) then KPMG makes sense.

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Did you have to sign anything with KPMG saying that you’d work for them after they paid for your MBA?

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Didn’t you get your mba to go to Mck or

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McK - tier 3 to tier 1 improvement

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Everyone talking about the prestige, but do you like working at kpmg OP? I would consider WLB as part of your comp before you follow the name

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Stay at KPMG UNLESS consulting is your long term goal - as another poster pointed out, it’s close to 325k to pay back the KPMG loan. McKinsey has given you an offer today and if you stay in touch you can probably swing an offer an year or two down the line too. The lifestyle for EMs and APs at Mckisney isn’t inspiring at all so it’s only worth moving if you know for sure that you will stay for the long haul.

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Calculate the pay back period of joining Mck. What does the comp look like including bonus? If KPMG average bonus is like 10% vs 30% at Mck, then the TC could differ meaningfully. How much would you owe KPMG? If the payback period of Mck is 3, maybe 4 years, and you plan to stay for 3-4 years, pick M. But if you plan on leaving sooner (2 yrs) or you're particularly afraid of WLB or early counsel-out, pick KPMG.

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Mck by a mile

How’s you get a post-mba EM offer with McK?!

Because I have a specialization/SME equivalent experience

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What’s the clawback period for kpmg ?

Don't forget about taxes. With those included, that $200k payback will be closer to $325k.

Go to McKinsey. You are anyways starting as an EM. Most ppl aren’t sponsored for their MBAs

Do you have to pay back KPMG if you don’t join them? Even if you are forced to pay, if I were you, I would take a loan and join Mck

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