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McKinsey & Company Bain & Company How is MBB's Human Capital Consulting practice? I also have an offer as FAANG Product Manager in the same city with similar compensation. I have 7YOE in risk management at an industry specific (tech) boutique investment bank.
McKinsey & Company Boston Consulting Group Bain & Company
Is WLB better at Bain?
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Go Bain and don’t look back. Even if TC increase is marginal for the first year, your pay at Bain after year 1 will far surpass Deloitte. Exit ops will also be better.
This
I moved a year ago, and would encourage you to do it. It's a great opportunity, don't let it slip.
Accepted the offer! Thanks everyone for hyping me up and helping to nudge me over the edge. Ultimately this felt like a no brainer given upgraded brand, quality of experience, and accelerated comp/promo ramp
It is an immediate raise because Bain bonuses are probably several times Deloitte ones.
That’s my thought… Deloitte “target” bonus (never happens) is still nearly 10% less than the standard Bain bonus. Not sure if this would differ between B and McK, but are the target bonus percentages basically guaranteed, given solid performance?
And people actually get the target bonus. There’s just a difference in how Big 4 and MBB view their people:
Big 4 is an accounting firm. They nickel and dime everything, including their people.
MBB are trying to get you to stay through generous benefits and pay, because they know you can exit to great companies anytime.
Bain
Do it. If you get the direct promote to C after a year as an SAC you also get a ridiculous raise
It’s a no brainer
Hell yea you should!
Hi. I am in a similar situation now. But I’m SC in deloitte -> SAC in Bain. Can I give you a chat? I have some questions