Why are boutiques in consulting unable to compete with MBB for large-impact projects and prestige, while EBs (Lazard, Evercore etc) in Investment Banking regularly outcompete huge BBs (including GS, JPM etc)

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

The finances are different between IB and Consulting.

Consulting: firms are paid based on hours, so you want to hire the best consultants at your price value.

IB: firms are paid based on a % of the deal value.


Someone can probably explain it better than me but I think this is probably the main reason why

like

I would say you’re both incorrect and that BCG2 is correct. Brand as a proxy to determine quality is critical when quality can’t be measured. It does pose the interesting question of will this dynamic change as adoption of performance based contracts accelerates.

Boutique banks often pay more. Ibd fees are often similar across banks (less price competition than consulting?), but smaller banks have less overhead and no other units to prop up. (For example, at a mega bank, ibd profits could be used to compensate for weakness in, say, residential mortgages.) This allows them to pay more and get better talent at junior and senior levels, which allows them to compete.

like

Quality is more intangible in consulting therefore prestige and your ability to leverage previous experience is key in selling. There is not only a brand but a scale barrier

like

Cause Accenture ends up acquiring all the boutiques

like

Related Posts

Can we only leverage one referral for an MBB application? I have multiple potential referrers and deciding who to approach.

Also, what information are they expected to include when making a referral?

like

I’m currently an ERP implementation consultant with 3 YOE at Deloitte. I want to get into strategy at MBB entry level. Can someone give me a referral at McKinsey, Bain, or BCG. Thanks! Please DM me

Which non-SWE roles are worth it at FAANG in terms of pay? Will any pay better than MBB?

like

Non FAANG tech (think salesforce, PayPal, Sqaure, etc.) proposed compensation for 2nd yr MBB EM - ~200 base, 40 bonus, 100k stock vesting over 4 years, sign on bonus 25. How would you rate this? Worth consideration?

In TC calculations, would you count 100K stocks or only 25 that vest in y1?

^Big 4 and MBB

like

Hi Sharks,
Looking for opportunities/referrals in MBB in consulting/project management role.Requesting support .

Assuming you are smart enough to do both (I know big assumption), are you better off being a SWE/data scientist at FAANG or equivalent level at MBB (based on YOE) from a compensation:WLB ratio?

like

McKinsey & Company Bain & Company I would like to work in Sustainability and Climate Risk practices at MBB+ firms. Which gold standard certification or courses will you recommend for the sustainability and climate risk market? 

What's your opinion on GARP's Sustainability and Climate Risk (SCR®) Certificate?

McKinsey & Company Boston Consulting Group Bain & Company Oliver Wyman Kearney

like

So what companies should I work for to be considered successful? MBB, FAANG, what else?

funnylike

Should I renege offer from MBB?

An MBA recent grad. I signed with MBB last year. However, I have always wanted to do tech PM. I couldn’t find PM job in Fall and just signed MBB offer I have. I recently got an FAANG offer. It’s PM function, hard to break in with consulting experience. I declined the new offer during interview stage and again after they gave me initial offer, but it is coming back with 80k more in annual compensation. It made me so torn!! Should I renege MBB offer?

like

Can anyone let me know how easy it is to apply to a consulting firm in Dubai directly coming from London? I am currently working at a T2 strategy firm in London and my partner and I want to relocate in ~1.5 years. My firm does not have an office in Dubai whilst my partners firm does. Is it possible to apply straight (rather than moving laterally in London, waiting a few years then transferring?) interested in MBB views too. (I would have roughly 2.5 YOE by then)

Anyone ever think about exiting to a non-LS role, either into MBB/T2 as a generalist, or a non-LS industry role? I’m speaking as someone with 2-3 YOE in LS strategy, worried about getting pigeon holed. Any thoughts are valued.

like

Help please!!!

Strategy & Ops at large tech company (non-FAANG) - 120K TC (San Francisco)

Rotational Program at Industrial Firm - 170K TC (Chicago)

Industrial Company:
- Would pay for grad school
- Comp is insane
- Work is more niche
- Company culture is rough
- MBB / tech exit
- smaller less known company

Tech Company:
- Cool company
- well known
- Enter tech early on
- Salary lower than other by a lot
- PM / Biz Ops exits

Both companies have good MBA placement. What would you do?

like

750 GMAT. Works at MBB. Sub average college GPA. Broad chances of some scholarship $$ from Kellogg or Wharton?

like

What would be better move to continue getting good technical exp but also move up over 3-4 years before going to steady industry role towards security architecture? Currently new M in big4 cyber trying to figure out next step. Go to another big4? MBB? Cyber focused company? FAANG?

like

Are MBB firms hiring for Dubai office?

like

If I exit Deloitte after my promotion to Consultant (2 YOE), will I come into an entry level role at MBB or 1 level up from that (for example, SBA at McK or SAC at Bain)?

like

Can Anyone refer me or give leads for a 6-8 weeks pre Masters internship at any of the MBB or good startups/boutique consulting firms specifically in strategy verticals?

PS. I will be joining a top European B school for its management program.

like

FAANG Exit to MBB?
3.5 YOE, Non-technical, 150k TC

Been at Alphabet my entire career post-undergrad. Managed to move from
Google to a well-respected Bet where I’m very happy. Undergrad was a pretty general liberal arts degree and haven’t pursued grad school yet.

What would it look like (from a TC + long term career standpoint) to switch over to MBB for a year or two then go back to FAANG?

like

McKinsey & Company Bain & Company Looking for a referral to MBB for entry level positions. I will be graduating in May 2023. Currently an M&A Consulting Intern. I’d really appreciate it if someone could help out. Bain & Company Boston Consulting Group McKinsey & Company

like

More Posts

Appeared for KPMG interview 45 days back. HR is intentionally delaying offer release. Done with 2nd round of interview in last week of July. My Lwd is in oct first week. She took documents on 23rd Aug and did salary discussion a week later. And giving shitty excuses like waiting for approval. Approver is on leave bla bla. Has anyone faced such issue with this company? I never expected such a shitty and worst recruitment process from a BIG4

like

I started working for a bank and am going through the background check. They found an arrest which was dismissed and the file was sealed a few days after the check. They’re requesting the police report on top of the court order to seal. The police report is BAD. During the arrest (DUI) they wrote the report to make me seem like a complete lunatic. Embellished on several elements of the case. I am worried that giving them this report will cause me to be let go.

like

Tell the truth: are you more productive at home than the office? How much more? How about your coworkers? Are they more productive in your estimation? And lastly, your whole team - is it more productive in a remote environment?

likefunnysmart

Hello Fishes,
What is the package offered for job grade 7 in Nokia Bangalore.
What is the scenario on job security,also do they pay the complete variable component?

like

Hey fish, I need some guidance and advice based on experience. How does one easily transition out of consulting when work is 60+ hours a week? Finding a new role is not always quick, especially if you trying to move away from your current industry. Does anyone have recommendations for specific headhunters or other methods of finding a new role while working consulting hours?

like

Best agencies to try to get into in SF?

like

Need advice !!
Guys, i have got an offer from an analytics firm but the profile seems to be support profile having no shifts. I am currently transitioning from management domain to analytics. Please advice if there would be learning opportunities in support profile of analytics, considering long term.

like

Looking for referrals at Lenovo. Can anyone help me out

like

In PWC for 25 LPa what is the take home?

like

American Express Hey Guys,Can anyone who is a Data Engineer and working with Big Tech Companies share some light on how you guys are preparing for interviews?How are you learning so fast/so much?Can you please share some plan or guide me on what resources you are following?There are too many things. And in my current organization I am not able to learn those.I want to learn fast and more.I see profiles on LinkedIn that are filled with big data techstack.Please guide. Adobe Amazon Walmart Expedia, Inc. American E

like

If you read my posts from 2 weeks ago you would have made a lot of money taking profits. I even identified specific ones that would go down. Some of them down 30-50%. Let’s keep dialogue open and keep crushing it

likefunny

Hi! I currently hold and experience of 7 years in the field of Marketing. I’m planning to upskill myself by doing (postgraduate) MSc in International Marketing from the UK. Will graduating from UK make an impact on my pay in India? Also, can anyone help me understand the job market in the UK with respect to my field (Marketing)?

like

Anyone have experience with sem casting? This whole "rooftops" pitch has me a bit suspicious of their legitimacy

like

Would TCS provide laptop stand on request, at least while working from office ..

like

What’s the highest paying salary for a social worker in a skilled nursing home with 95 beds in the Raleigh NC area?

like

Has HCl reopened their offices in India. I was having hr discussion and they told office have been reopened.

like

I am looking for Austin based or remote jobs as a Recruiter or Sourcer or Account Manager. I am on H1b and have total 5 yrs of experience including agency and corporate. I am also CDR certified. If you know anyone hiring, please let me know.

like

hey 🐠 looking for some likes so i can dm some people. thanks!

likeuplifting

I am a woman Business Analyst. How can you respond when a solution architect is throwing you under the bus and wants you to do his job deflecting things back at you of things you ask or you identify are needed? (He is an Indian man) example: look into databases and queries to define solution, provide to be workflows, identify back end data points, reverse engineer an excel spreadsheet with formulas, queries and macros so he can create the solution.

like

The King on his throne, watching the world go by on a Friday. Enjoy the weekend with your cat pals everyone!

Post Photo
like

Additional Posts in Consulting

I'm still in disbelief that one of those two individuals will be elected to lead or nation within the next 24 hours

like

Pros and Cons of Flexible/Unlimited time off policy while maintaining the utilization targets to avail leaves?

like

Anyone have the Samsung m8? Is it worth the hype and cost?

like

Is there actually anything we can do to stop mass shootings and terrorist attacks? I fear like one way or another they will find their way

like

Anyone (guys) ever manned up and asked out that cute chick at the client? Not one of your stakeholders...

like

How many years before your 401K vests?

like

🐟 in Charlotte: best place to go watch the basketball game tonight? Any good sports bars?

like

🐠 🐟 Share your amazing hotel stories . I miss business travel … last time I met a client face to face was in Feb 2020. My most amazing hotel stay was in Toronto June 2018… checked into a Westin hotel and I was upgraded to a presidential suite ! I couldn’t believe it until I went to my room .

like

When you're at work, single, and that somebody gives you the eye 😏

like

wish i could go back to the time where my biggest stressor was taking minutes lol

likefunnysmart

How is utilization at PwC calculated? Have been told if I'm hitting my full capacity per week, it hurts utilization to charge internal codes like excess travel, g&a for other work, and training hours

like

Desi Consultants!! - who all are thinking of hiring Sima Taparia (after watching Indian matchmaking on Netflix) for finding your future significant other?

likefunny

Some clients are useless, Travel points they rack up, 12am deck edits? More vodka in my cup

like

Booz Allen Singapore office is closing. Riyadh has downsized. Abu Dhabi laid off all cyber employees. Are Dubai and Lebanon next?
How does this fare for the firm’s commercial and Intl ambitions?

likefunny

TFW when you are dressed for an ugly sweater party and strut through the Westin lobby to stares #LikeABoss

like

I am leaving my company shortly and people know. I am thinking of an avatar to reflect it for our internal system. I am leaning toward a dead man walking or a lame duck. Any suggestions or good gifs for me?

funnysmart

Starting my mba this fall. Applying to these consulting pre mba networking things. For this and future reference should I put my gmat on my resume (750), or only put in places when asked?

like

Does anyone here find the headrest on their office chair super helpful? I've never had one, and can't imagine it's necessary as I shop for a new chair, but want to make sure there isn't something I'm missing.

like

Any good vegetarian in Bay area?

like

Is it really bad if you renege an offer after you've received some of the relocation reimbursement, if you just don't pay them back, are you technically reliable? The offer is at will right.

like

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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