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Anyone considering a move to MBB
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It is a fear that makes sense - for what it’s worth I’ve had two colleagues at BCG that came over from OW and they both did fantastic at BCG, one made partner and the other is on track to.
I’d be curious as to which shops.
I think it really depends on what your end goal is. Do you want to be partner, or are you in it for another year or two before an exit?
If you’re in it for P track, stay at OW. It’s difficult to build credibility back up again, especially in this environment. Experienced hires have a much higher turnover rate and are generally far more dissatisfied than homegrown staff.
If you’re looking for a quick resume hit, go for gold. My friends with MBB always seem to get exposure to the best exits and the name brand does carry in industry.
Thanks a lot for your input! It was super helpful.
What do you mean by getting the right exposure at OW? Tbh, I am feeling very frustrated with the last review, knowing there wont be enough time to have more repetitions, which would prove consistency to be promoted
Regarding the prestige bump, yea it could be nice but I dont really mind about it. That is not on the top of my head.
Main concern is not having enough projects outside of FS
Take MBB brother and don’t look back
Rising Star
That's a legitimate fear. Almost nobody thinks it will happen to them until it does. But this could be your chance to advance, and could be worth the risk.
Caution: you have 2 recruiter contacts, not 2 offers, right? Don't overthink this early.
Chief
If you are early career, leave on good terms. You can boomerang if MBB does not work out.
Get the offer and then decide.
If you want to get out of FS work, which sounds like you do, I would do it. OW is bleeding heavy right now so the fact that you’re being recruited by MBB, id say they have a need for someone. Give it a shot - ow will always be around to come back to
I get what you say by bleeding heavy even though do not think it is an OW thing.
I think (strategy) consulting is going through an earthquake and everyone is realizing now more than ever that implementation is there to stay and forget charging the ridiculous prices we used to for a PPT (or "strategy plan") only
In the end, I agree with you that we are too FS-focused and that honestly bothers me a bit... Even though I understand it is where the money is at
Go through the process but there’s lots of ctl-s happening and a slow down in work. My friends at OW seem happier. But I’m also one person. I’m trying to exit
I would love to get reached out by recruiters.
Go through the process
Go through the process then decide. IMO the fact that you’ll be restarting your network/reputation at MBB is a significant risk if your concern is losing a job. You are young, so you can take a risk, but the current macroeconomic headwinds have made all consulting less forgiving
Chief
Get an offer first, then worry about other stuff.