London vs Frankfurt for MBB
As a student finishing my bachelor's degree next year, I have a chance to get a job at MBB (and Roland Berger) in Frankfurt and London. Which city do you think will be better in terms of total comp (especially at higher career levels) and WLB?
For the same co:
Having lived in both, I think London is more fun (personal opinion), but the price of beer in Germany is hard to compete against (for the UK anyway).
Career-wise, doesn't matter too much, FFM will be part of the DACH network of offices of your MBB and will therefore likely do most of everything. London will definitely do everything (1 office for the whole country).
My recommendation is to go where you'll enjoy living outside of work most
Thanks! I'm learning German (currently B2/C1) and would need a visa to travel to London. Do you think getting a visa would be a problem? How should I recruit to London? Do I have a chance to get SA/OC in London as a student at RSM? Are there Spring Weeks at MBB? Do you know what the salary differences are between London and Frankfurt at the Principle/Partner level? If I wanted to move into Private Equity after a few years, would I lose much by choosing Frankfurt over London? Would I lose much by choosing MBB instead of BB IB?
Thats a lot of questions, so I'll do bullet points
At least at BCG German offices are notorious for poor WLB
From what I understand, comp is much better in Frankfurt but your WLB will be worse. Cost of living in London can't even be compared to Frankfurt. As an entry-level consultant in London, you will be living paycheck-to-paycheck if you don't share an apartment with others. Personally, having a nice home / lifestyle is important to me so I decided to move back to my home country as housing quality in London is ridiculously low, the level of rent is insane and experiences are extremely expensive.
With that said, if you really like London but can accept a lower salary and quality of living, then go for it. If you can handle a bit higher hours and don't mind living in Frankfurt, then I would do it because your salary and quality of living can't even be compared to what you would have in London.
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