Should I do MBB?

Joined a UK boutique consulting firm in Toronto known for the AM/WM consulting practice 1.5 ish years ago.

Have an offer to transfer to MBB. Should I take it? Pay is roughly the same so is a null factor and I do honestly enjoy financial services.

Don't want to throw away a job a really enjoy simply for MBB that is considered more "prestigous".

6 Comments
 

Based on the most helpful WSO content, here are some considerations for your decision:

  1. Prestige and Career Development:

    • MBB firms (McKinsey, BCG, Bain) are generally considered more prestigious and can offer better long-term career development opportunities. They are known for their rigorous training programs and strong brand recognition, which can be beneficial for future career moves.
  2. Industry Focus:

    • If you enjoy financial services and your current firm specializes in AM/WM consulting, consider whether MBB will allow you to continue focusing on this sector. MBB firms often have a broader range of projects, which might mean less specialization in financial services.
  3. Location and Mobility:

    • MBB firms often provide more opportunities for international assignments and mobility. If you are interested in working in different locations or gaining global experience, this could be a significant advantage.
  4. Work Environment and Culture:

    • The work environment and culture can vary significantly between firms. If you enjoy your current job and the team you work with, this is an important factor to consider. MBB firms can be more demanding in terms of work hours and expectations.
  5. Exit Opportunities:

    • MBB experience is highly valued in the job market and can open doors to various high-profile exit opportunities, including roles in private equity, corporate strategy, and other senior management positions.
  6. Personal Satisfaction:

    • Ultimately, personal satisfaction and work-life balance are crucial. If you are happy with your current role and see potential for growth, it might not be worth switching solely for prestige.

In summary, while MBB offers significant advantages in terms of prestige, training, and exit opportunities, it's essential to weigh these against your current job satisfaction, industry focus, and work-life balance. If you are content and see growth potential in your current role, it might be worth staying. However, if you seek broader opportunities and are willing to take on potentially more demanding work, MBB could be a great move.

Sources: Choose Between Two Offers (BB/MBB) - Looking for Advice, Some Thoughts on Managing Multiple Offers (Consulting / MBB), I am a consultant at a non-MBB firm in London: Q&A, MBB in Canada, Should I accept William Blair offer?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

I would take it. Sounds like you just started working, and the MBB brand will help much more than the UK firm down the road. You can always work at MBB first then boomerang back to your old firm. That's much easier and the MBB opportunity might not show up again in the future. 

 

Would recommend you to make the firm description more vague. probably ez to guess who you are based on your tenure and firm

 

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