Currently working at a BB bank in FO, but honestly I've been feeling a bit burnt out by the pandemic and the PE route doesn't seem super interesting to me. Thinking of making a move to MBB consulting and have been getting a lot of inbounds from inhouse recruiters at multiple MBBs so clearly my profile is what they're looking for.
However before I move wanted to better understand salary, hours, WFH etc. around the job. What kind of base in the UK / EMEA specifically would they approx offer for people 3-4 years of experience? Are people working hybrid / WFH when they aren't specifically on site at clients?
Not sure about UK specific salaries but it's standardized and shouldn't be too hard to find. Travel is a mixed bag right now and region dependent. As a general statement, the pre-COVID travel cases where you're at client site every week for 4 days is a small minority of projects right now. A larger chunk involves travel to a common office for co-location. And then the rest is local office / remote work (e.g., 2-3 days in home office, rest remote). Bain generally has the least amount of travel compared to Mck / BCG.
Middle 80% of projects are 55-65 hours with weekends protected at junior levels (you shouldn't have to open your laptop after 6pm on Friday for 90% of weekends). It's a step change in WLB compared to IB for sure. Generally seems to be the case that hours are - on average - slightly better at Bain compared to the others.
Curious, are you in M&A? Do you mind giving a bit more colour on background either here or in a PM? Will be starting at an EB soon and curious to see what "profile" they look for
I imagine you'd probably come in at the Senior Associate level (ie, one above the entry level undergrad position) with your YOE. In the US that's ~130 base, ~150 total, unsure what that would be in EMEA (and it definitely varies between countries)
remote vs on site is usually project team dependent. we see a huge range here, from full on site working to fully remote. in the US, it's definitely tilting towards more travel not less, but YMMV
Can only speak for Bain, and only on some of those points. And I am based in London.
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