Thoughts on Baringa?
Currently Imperial/UCL final year and received a full-time offer from Baringa within Financial Services. I really liked the firm and enjoyed talking to the people, their hours seem good and the culture from what I've heard is very good. Solid salary initially but the gap between them and other consultancies seems to increase overtime. How well perceived is Baringa within the industry? Would a lateral to MBB/T2 be possible? I know I'd have to join as an entry-level grad but just wondering whether I should take this offer or if MBB would be too difficult to move to from there.
Based on the most helpful WSO content, Baringa Partners is generally well-regarded within the industry, especially in the UK and Europe. They are known for their work in the energy sector and financial services. Here are some points to consider:
Culture and Work-Life Balance: Baringa is often praised for its positive work culture and reasonable work hours, which can be a significant factor in your overall job satisfaction.
Career Progression: While Baringa offers a solid starting salary, as you've noted, the salary progression may not be as steep as at some other firms. However, they do provide good professional growth opportunities.
Perception in the Industry: In terms of industry perception, Baringa is respected, but it may not carry the same prestige as MBB (McKinsey, Bain, and BCG) or some Tier 2 consultancies.
Lateral Moves: Moving from Baringa to MBB or a Tier 2 firm is possible, but it can be challenging. MBB firms are known for their selectivity, and while a lateral move as an experienced hire is feasible, it often requires outstanding performance and networking.
Entry-Level Rejoin: If you were to move to MBB or a Tier 2 firm, you would likely have to join at an entry-level position, as you mentioned. However, the experience you gain at Baringa could be valuable and make you a more competitive candidate.
Ultimately, if you're impressed with Baringa's culture, people, and the work they do, and you value work-life balance, it could be a great place to start your career. You can always reassess your career path after gaining some experience and potentially look into lateral moves if you feel the need for a change.
Sources: How is A&M perceived in the industry?
I only know one person in our office from Baringa, and she's defintely one of the best performers I know. On the whole, I don't think there are many people at Bain London from Baringa, but the one I know is smashing it, so I might be biased.
Did she lateral straight from Baringa to Bain? If so, did she have to take a significant drop in job title, and do you by any chance know how she found Baringa and how different it was to Bain? Ofc the hours are longer at Bain and the projects are more varied and more strategic but just wondering if there were any other significant differences in the type of work
Directly transferred? Yes
Drop in title? I believe so, yes (though Im not familiar with Baringa naming convention)
Bain different from Baringa? Don't know, never asked her sorry. All I can say is that is doesn't look like she had any difficult settling in
I see, thanks! Baringa use the same naming convention as McK I believe, but instead of Associate Baringa call it Consultant. So Analyst, Consultant, Senior Consultant, Manager
I also have an offer for FT within Baringa. Would you say it is possible to lateral over to MBB/T2 from there (i.e. spend 1-2 years at Baringa and then try to come in as an AC at Bain/S&/EYP for example)? Or would taking the role at Baringa kinda pigeon-hole me into implementation type consulting making a move to strat consulting difficult?
As I said I only know one person here from there, and she's definitely a high performer. She joined same time as me, during the boom in experienced hires. At the moment in London we're mostly (if not only) hiring people with 2 YOE, so might be worth a shot to try after a year or two.
As for pigeon-holed, we also have many people who lateralled from all kinds of smaller firms (e.g. OC&C, Eden McCallum) or strat roles at non-consulting firms (e.g. CapOne). I think if it's early enough, you should be fine.
what is baringas approx london grad salary
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