I work as an internal consultant for a large bank doing data science related projects. I recently received two offers, one from McKinsey to work in their Knowledge Center as a Senior Analyst and the other is from a Big 4 in their advisory branch as a Senior Consultant. Both base salaries are pretty much the same, except the location for McKinsey is in a higher cost of living area, but McKinsey has an automatic 12% 401k deposit.
I love my current job, because I get face time with senior managers form various depts, get to solve problems utilizing my statistical modeling and programming skills and present my solutions to them, so I get the whole spectrum, of getting the problem, building the model, and presenting it. I'm trying to leave because there's a ceiling in terms of my salary here. I did some research on the forum and saw a few comments on the McKinsey Knowledge center role. From what they told me, my role isn't the traditional role at their knowledge network, I'll be going to client sites and 80% travel,
The Senior Consultant role at the Big 4 Advisory sounds more like the traditional consulting. I've talked to my colleagues and they're offering different advice. Some say I'd be an idiot to turn down McKinsey, while others say I should go to the Big 4 because I'd just be a 'numbers' guy at McKinsey. Any thoughts?
Any help would be much appreciated. Thanks!
That's a good question. I asked a related question yesterday on the AMA McKinsey topic here if you want to take a look. I would chose McKinsey especially given the fact that you will travel a lot plus networking internally and externally. It all depends on your career goals(assisting in strategy consulting research vs consulting in operations/software implementation/staffing).
I have seen a few people transferring to consulting in Europe so not impossible especially if you are good and develop an expertise in a specific vertical.
McKinsey. No doubt. Even if you're not in the traditional consulting part of McKinsey, you still have the brand name and that will carry a lot of weight and open many more doors for you in the long run. Even though it's knowledge center, you will forever be known as a "McKinsey guy", which give you a lot more credibility when you apply for the next role.
McKinsey. If you go there and don't like it you can always go to Big 4. The reverse is less likely to be true.
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