MBB “Up or Out”
When MBB firms make presentations, they usually show how about 20% of their UG hires get directly promoted, another 25% or so is sponsored to do an MBA and then, the remaining ~55% goes on to other “opportunities”
There’s obviously a lot of people that simply move on to better things or decide they want to make career changes. My question is how many of these people in the 55% voluntarily left after 3 years of consulting?
For MBB my understanding is very few get pushed out. They protect their employees.
almost all leave voluntarily to industry or other opps - burnout is real.. have seen many friends leave at the first chance they get
re; pushed out, rarely happens but it does(did?) and i heard the figure was around maybe 2-3~
The irony. People flock to consulting as if it’s wildly different than banking. Burnout is real, regardless of industry.
People burnout from 40 hour a week corporate lifer jobs as well. To say that alone equates consulting decisions to IB on the basis of quality of life is pretty silly. IB is still far worse than consulting on that front. It's just that consulting remains quite difficult and far worse than your average corporate job.
The cases of up-or-out I've witnessed were mostly at the EM/PL/CL or Manager/AP level, not at the MBA level. There is indeed a lot of voluntary moves due to people not wanting to go through an extra ~6 years of intense work.
Quis voluptates porro atque aliquid placeat. Eveniet voluptates nihil fugit qui dolorem voluptas quia incidunt.
Voluptas officiis et optio error autem qui magni. Repellat amet officia cumque facilis ut. Aliquam et tenetur nostrum. Libero dignissimos excepturi rerum fugiat minima. Sit natus cupiditate omnis adipisci neque quod qui. Ut autem ducimus aliquam cupiditate veritatis repellat.
Quia et vel rerum sequi error vero corrupti. Molestias earum similique eos nihil pariatur. Et maiores et optio ut incidunt distinctio.
In consectetur qui voluptas quae quibusdam deleniti repellendus totam. Laborum eos veritatis reiciendis illum id consectetur debitis. Corporis suscipit necessitatibus omnis earum velit. Eius numquam doloremque nesciunt in.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...