Q for folks at McKinsey/Bain - I’ve heard internally that BCG is growing faster than the other two MBB. Do you think this is actually true? Or do McKinsey and Bain also tell their own employees that they’re growing faster than their competitors? Our firm makes it seem like we’re always doing better than our competitors, but I’m not sure how much of that is actually true

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Posting as :
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We… don’t talk about BCG or Bain

likefunny

Mckinsey*

Sorry, what’s Boston consulting group? Some local shop in the northeast?

likefunny

Growth is very dependent on Geo for top firms. Also all of them will tell they are the better, etc.

You can check some benchmark sources for revenue, which is the best available metric we have

Like I know that 2019 Bain grew more, percentage-wise, than McK and BCG. BCG grew more than McK, and McK had a "not-so-good" year for their standards.

2021 all I know is that first internal results Bain was also leading, with McK in second. BCG is currently having a hard time trying to keep great deliveries, growth and their abusive partner rates

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Interesting. Not sure BCG margins are much different to M or B. In fact I’d heard Bain has slightly higher given lower level of support functions

When I was there not too long ago, They were both constant topics of discussions since we were losing more and more cross offers and our practice area wins rate were starting to fall in healthcare, public sector, and PE. It also didn’t help that we kept getting slapped by negative press. We focused on messaging to clients that we were bigger, had been doing this for longer, and had more expertise.

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AP

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We have work for twice as many consultants we have.

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> Strategy consulting is declining
> Also strategy consulting revenue has been steadily increasing since 2009, apart from 2020*

* 2021 revenue is expected to surpass 2019 levels

Not true, we’ve had double digit growth every year for the last 6 years apart from 2020. I can see from BCG’s public numbers that it is the same story, McK probs similar but slower. And this year is on track to be absurd (25%+ plus).

If you are able to reach double digits it is very much a conscious decision to hold growth there, or to push on further by hiring more.

We’re all growing, and there’s plenty of headroom. It’s great for us fish as there’s pay rises and promotion opps aplenty.

I will say that I think Bain may grow faster over the next few years by virtue of smaller scale. There’s still a lot of low hanging fruit we haven’t gone after (e.g. growing in some of our smaller sectors and geos) which McK did ages ago, and BCG has done in the past 5-7 years

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