How is McKinsey corporate finance different from IBD?
Check out the description - sounds exactly like IBD to me (it's not even cultural integration or strategy, they specifically mention due diligence, valuation, negotiations with bidders/targets on value, etc.)
http://corporatefinance.McKinsey.com/aboutus/oura…
"We assisted an industrial conglomerate in evaluating the benefits, structural formats and process alternatives of the potential divestiture of a large underperforming division. Our work involved sum-of-parts valuation, compilation of a Confidential Information memorandum, disposal process design, and negotiation support."
its the same shit, but they get paid less and work less. mostly ex-bankers who are fed up with the hours but still want to do corporate finance.
Bankers collect higher fees than consultants - this is McKinsey's attempt to get paid more - they have been at it for about a decade without real success
i'm pretty sure this is similar across similar firms and the Big 4- Deloitte, KPMG, PwC etc all have the same corporate finance as well.
So it is basically IBD? I never see them on the league table though, while I have seen Deloitte KMPG etc.
There is a very very big gap in terms of people quality between McK and the big 4
In what way?
McKinsey guys are on par (if not higher) in terms of credentials, grades, etc. than guys at Goldman Sachs, while Big 4 tends to hire solid kids from state schools. But does anyone here know what McK Corpfin is and how is it different from IBD? It can't be IBD because it doesn't appear on league tables while KMPG corp fin M&A, Ernst & Young corp fin M&A, etc. are on the middle market tables
McKinsey CF is far from IBD
they are usually hired by the client, PE firms, sometimes banks to work on due diligence, JV, M&A, etc topics
so basically they are still consultants that charge a fix fee (not as a % of deal size) but they work mostly on corporate finance related topics as opposed to marketing, strategy, operations
but that type of work - negotiation on M&A deals, valuation, etc. from a corpfin standpoint - isn't that what IBD is? I'd imagine an M&A shop providing the same services
Bulge Bracket vs Mckinsey CF (Originally Posted: 02/18/2008)
I have interviews lined up for BB firms in Asia (think ML/Lehman/UBS) and also have a shot at Mckinsey's corporate finance practice. Quite clearly there are huge differences in terms of compensation initially and the lifestyles are different.
Can any ones with some experience in this choice help me out with some more pointers for identifying pros and cons?
Thanks
So you only have interviews at these companies. Why don't you worry about making the decision about which company to work for after you get the offers instead of right now before you have any offers?
I have a partner at CF backing me and I am sure that I will be able to get through anyone of those banks (have a pretty good profile and a GS internship with strong recos from MDs)
The way this works is that I will not have too much time to make the choice (less than 2-3 days), so I would like to take a call right now so as to avoid last minute madness.
I thought HK BBs gave offers already
depends what your goals are really... Can't go wrong with Mck though.
of course go with mckinsey if you dont care consulting or banking otherwise I would take UBS Asia for banking, they are extremely strong in Hong Kong compared to the other banks and ive heard really good things about their internship program
UBS HK > MS > JP > GS > LEH in Asia Pacific region
Damn..........UBS
is JP really better than GS in Asia?
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