Information on MBB London
I will graduate from LBS / LSE next year and am very interested in starting as a consultant at an MBB firm. There is a lot of info for the US, but very limited info for the UK on this forum with regards to consulting. It would be very helpful to gain insight on:
• Culture across the three firms and even across groups within the three firms
• What are the strengths / focus areas of the respective firms ( type of projects, sectors, public / private, small / large clients etc.)
• What does comp look like for various years of experience?
• Do the exit opps differ across the firms?
• What do hours and travelling look like at the three firms?
Any input is helpful, many thanks in advance!
I have answered all of these for Bain over the last few months, so I'm just linking you to previous responses, below.
Let me know if you have more questions afterward. Happy to add to those if I can.
I have several questions about Tier 2,3 and boutique consulting firms: does working there differ a lot from what you do at MBB (meaning you still do strategy consulting). If it's different, then what exactly differs? And how big is the salary gap between boutiques, tier 2, 3 and MBB?
Very sorry for the late reply! Completely forgot about it, no excuse..
But unhelpfully, I can’t speak to any comparison with T2 or boutique firms, as I do not know what they do (outside of the obvious). I genuinely can’t contribute meaningfully there, I’m sorry.
From my understanding, they usually do more implementation / smaller pieces of work with big clients. But they might have a good standing with mid-sized firms who can’t afford a $1-2M engagement. Also some specialists are just #1 at what they do and beat MBB regularly.
On the whole, the widest exposure to the highest level projects with the largest clients will be with MBBs and Strat arms of B4.
For salaries, all I know is that some boutiques pay pretty well actually (like I think OC&C in the UK and Mars Co), but B4 generally pays quite low vs. MBB. I’m not sure how their own strat arms compare though (EYP, S&, Monitor)
Bumping for more input on McKinsey and BCG.
What would you want to know? McK BA here, happy to answer any questions
Amazing, thanks so much for taking the time. Really appreciate it!
- What is the culture like at McK? General consensus seems to be that culture at McK is more competitive and formal than at BCG / Bain
- What type of projects and sectors is McK London strong within?
- What do hours and travelling look like during an average week? Does this differ between general practice / PEPI?
- Except for the questions above, is there anything else you think is important to know about McK London for someone very interested in joining?
X
What does the development of WLB look like once you get more senior? It seems that the norm is 50-60 hours a week at entry level. What does your WLB look like once you have a couple of years of experience? What does the WLB look like once you have 5-10 years of experience?
Anecdotally:
1-3 years: 60-80 hours
3-5 years: 70-80 hours, less variable and more predictable
5-8 years: 60-90 hours, significantly more control over schedule
8+ : 50-90 hours, almost absolute control over schedule subject to client demands
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