What is each of MBB good at?
What's up. So I'm just wondering, which industries are each of MBB good at? I remember reading that McKinsey is the best at education and technology industries, and Bain is the best at private equity. Who's the best at financial services, metals & mining, etc. This could serve as a helpful resource in the future. Sorry if the title was misleading
Bain is the clear leader in private equity DD's. Beyond that, from an industry or function perspective, there's really not a lot of difference.
Firms definitely excel at stuff, but it varies by region.
For example, BCG has basically no aerospace/defense practice in north america, but bain and mck do (and Deloitte, and strategy&). McK over indexes for government in the UK, I think.
However, this changes over time, and like Brj said, there aren't really global stereotypes for each firm regarding industry/functional expertise. A partner or three going from one firm to another can quickly change the landscape when you look at industry + regional expertise.
To answer the specific questions you asked: no idea on FS. I think McK does a bit more metals and mining than the other firms.
Thanks, I really appreciate the answers
I also want to point out that the version of "reality" that exists in each firm is different. With a handful of exceptions (e.g., Bain's famous PE work), people inside each of the firms seem to honestly think that they excel in each space, which makes it really hard to get a clear answer on questions like this; there really isn't objective data that is available to recruits.
And this doesn't just go for industry mix. I had a specific non-US geographic focus in my search and had each of the three firms tell me that they were unequivocally the largest in that geography (two more earnestly than the other). The COO of one of the firms even called me with data on headcount and billings for that geo. All three couldn't simultaneously be right, but they certainly seemed to think that they were. Plus, this business is so variable and there are many ways to cut the data (e.g., who is the biggest in the past 1 year? 5 years? By "strategy" work alone? Etc.), that you can't really get to one answer. (and yes, "biggest" is a poor proxy for "best")
If you have a specific interest, the best way to go is look for a match with partners at the geo/industry nexus that interests you. This won't answer "best," but it will confirm that the work exists. After you're in, it is just a matter of being proactive with staffing.
Perspective matters quite a bit. Even if Bain had the largest energy practice (no idea what the real stats are), if you're working in their San Francisco office, it's not going to matter much because that work is in Houston and Dallas.
You can't work on all the projects. Find the people in your office of interest that work on the thing you're interested in, and see if you click with them. By the time you're important enough for it to matter whether McK or BCG has more healthcare projects, you'll be the one selling the work.
Check out the vault rankings for best by industry.
The thing is, McKinsey is so much larger than the other two (~2X BCG + Bain) that they're going to have more experts, clients, and expertise in most sectors just by the nature of being larger.
Some truth to this, although the relative sizes aren't quite accurate. By revenue, McK is almost 2x the size of BCG (not BCG+Bain). BCG, in turn, is almost 2x the size of Bain. By # of consultants or employees, the difference between McK/BCG or BCG/Bain is closer to 1.6-1.7x.
So McK is "only" ~30% larger than BCG+Bain by revenue and only marginally bigger in terms of employees.
How strong is the McKinsey advantage over the B's in terms of later opportunities? (Originally Posted: 11/29/2013)
Edited for privacy reasons
McKinsey is still strongest in Moscow? I thought in Soviet Russia everything was opposite???
Yes, yes, it's true even in the Soviet Russia. McKinsey has sort of a monopoly in consulting bear farms and vodka manufacturers, and since these fine industries contribute roughly 50% of Russia's GDP (the other 50% being made up of O&G and prostitutes), it's kinda hard to compete with them.
You'll be fine either way. Choose the one that you fit in with most. The differences in exits at that level are marginal.
In the US, there is really no difference. Can't speak to reputation in other countries, but I'd still suggest going with where you like the culture better.
Being in one of the two in Moscow and having gone through an internship I think you should also weigh the chances for staying after the internship and MBA opps. I only know the details for the company I'm in though, unfortunately.
US the same...globally McK and BCG are a measurable notch above Bain.
Strength of each consulting firm? (Originally Posted: 03/01/2011)
Can anyone post or link me to where I can find the strength of consulting firms including boutiques in North America? For example I think booz hamilton is known for public sector work. Deloitte is known for IT consulting. Thanks!
Here you go: http://www.wallstreetoasis.com/forums/strength-of-each-consulting-firm
^^ Hahah, nice.
lol you live up to your avatar.
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