McKinsey is good in Org restructuring, soft communications, and diving headfirst into PR issues. BCG is a champion in benchmarks, digital business building, and creating lucrative corporate sweatshops. Whatever these two leave out, Bain fits itself in.MBB is a shorthand way to refer to the “Big 3” strategy consulting firms, McKinsey & Company, Boston Consulting Group, and Bain & Company. These firms are the most prestigious consulting firms because they hire top graduates of highly competitive undergraduate and M.B.A.While a job at McKinsey sets you up for a fantastic career in management consulting, it's also notoriously one of the hardest companies to get an offer from. Read on for our top tips to help you land that coveted first consulting role.

Should I join McKinsey : McKinsey consultants are well-compensated and well-fed! McKinsey and its top peers, BCG and Bain, typically compensate consultants in the same salary range. While you may get slightly more money from one or another firm, they are close enough that money should not be the deciding factor.

Why choose BCG over McKinsey

BCG generally falls somewhere in between – competing with both McKinsey and Bain by striking a balance of expertise and creativity – and when selling, they are “more creative” than McKinsey and “more seasoned” than Bain.

Does McKinsey or BCG pay more : Bain and McKinsey pay $112K in base, followed closely by BCG at $110K. That's roughly 58% of MBB and PhD starting pay. Each MBB firm also furnishes a $5K signing bonus. Beyond that, you'll find major differences.

BCG generally falls somewhere in between – competing with both McKinsey and Bain by striking a balance of expertise and creativity – and when selling, they are “more creative” than McKinsey and “more seasoned” than Bain.

BCG is now bigger than McKinsey – quite impressive – their revenue over FTE is better than McKinsey's. Seems that McKinsey's prestige is fading away with all the issues the firm is facing.

Is McKinsey stressful

Personal Growth. McKinsey consultants are known to work hard both in terms of number of hours and intensity. As a result, you will often be pushed to your limits, sometimes emotionally, at times mentally, and others even physically.McKinsey & Company ranks in the Top 15% of other companies on Comparably with 10,000+ Employees for Happiness Score.Personal Growth. McKinsey consultants are known to work hard both in terms of number of hours and intensity. As a result, you will often be pushed to your limits, sometimes emotionally, at times mentally, and others even physically.

I know a few people that moved from one to another and did pretty well. One guy I know did the opposite you are planning (from McKinsey EM to BCG PL) and is now a Partner at BCG. Thus the move is definitely possible and you can be very successful afterward. The storyline is a bit tricky.

Which Big 4 is best for consulting : In summary, there is little difference between the big four firms but if you want to focus on digital consulting work then Deloitte may be the best choice for you, for tax it is probably PwC and for audit, there is probably negligible difference and so the 10% higher salary at EY and PwC is probably the deciding factor …

Why is BCG so prestigious : BCG is one of the “big three” management consultancies (referred to as MBB for McKinsey, BCG and Bain). Each is a prestigious firm working at the most senior echelons of management and selectively hiring top talent from the best universities in the world.

Can a normal person get into McKinsey

Unlike industries like investment banking which prefer candidates to have previous finance experience, McKinsey hires from a wide range of backgrounds.

Personal Growth. McKinsey consultants are known to work hard both in terms of number of hours and intensity. As a result, you will often be pushed to your limits, sometimes emotionally, at times mentally, and others even physically.two to four years

The typical length of time for consultants to stay at top firms like McKinsey, BCG or Bain is two to four years. Some statistics indicate that 2.7 years is the average length of time that a consultant works at a top management consulting firm before moving on.

What is the burnout rate McKinsey : According to the McKinsey Health Institute's 2023 survey, "India respondents reported the highest rates of burnout symptoms at 59%". Younger workers aged 18 to 24, employees from smaller companies, and all workers who are nonmanagers reported higher burnout.