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Boston Consulting Group
What will the project dynamics be on a project staffed with 3mdps, a PL, and myself, a summer UG intern? Just got staffed and will be hearing more on Monday from the team, but it came across as an interesting staffing composition.
Have the feeling I'll be making quite a few slides as the only junior. Anyone staffed on a similar case composition?
Do you always need an MBA to get into MBB?
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Associates and consultants: 5% of base and bonus.
Project Leaders, Principals, Partners: 10%
MDs: 15%
It is a free contribution, no matching required. No vesting, it is yours immediately, even if you leave mid year
Not sure. Best guess is tenure or level trigger higher tier. That’s how vacation works. Guessing:
- 5% below manager or 5 year tenure
- 10% manager and up or over 5 years
Depends on your level. I’ll be joining BCG as a post MBA consultant and I’ll receive ~$10.5K towards my 401K regardless of my contribution. The healthcare benefits are better IMO (no premiums).
I believe at the post-MBA level, McKinsey contributes 7.5% of your salary towards your 401K regardless of your contribution. I saw that on management consulted though, so I’ll leave that to someone from McK to confirm.
Can confirm the 7.5% for both BAs and ASCs
It’s a flat percentage of salary no matter what you contribute. That percentage goes up a lot at the PL level.