Offer from Mckinsey vs banking offer

If you want to go to a top B-School, McKinsey. The brand value is unmatched.

If you want a top MBA, I would really think twice about turning down McK, even with your reasoning above.

Good to have these options.

No guarantee that bank won't lay you off if you don't perform. Go with McK

McK is where it's at for B-school

McKinsey lays people off a lot?

Yeah, it's pretty hard to screw up bad enough to get kicked out of big consulting firms. I often compare it to Harvard - it's hard as hell to get in, but once you do get in, even a dunce can graduate as long as they pick their battles/play to their strengths. not sure what information you have that suggests a lot of people get laid off at McK.

Also, not worth it to lose a year switching to a GS or MS from your local bank, whatever that may be. And if you're really interested in banking, bust your ass for a couple of years at McK, go to a good b school, and enjoy the next thirty years as a Master of the (rapidly shrinking) Universe.

Thanks for all the answers, what are the prestige level between generalist consultant vs corporate finance practice? I received a generalist offer however I was told that corporate finance practice would place you easier in goldman IBD, is that true? How about MBA?

Go for what makes you happy dude, mckinsey might be great and the reputation is unbeatable, but do you honestly want to be in the office 10 in the night and realize you made a mistake. And just because you work at mckinsey doesn't mean you will get into a good grad school, and if that were true mckinsey would only have H/W/S MBA's.

About the Corporate Finance role, yes it should be similar work, but then again I know from friends there is an invisible employee bridge between Goldman and McKinsey. If the pay is better and if you think getting into Goldman might be easier, then go for mckinsey.

prestige wise- banking > consulting mba wise, mckinsey is better

pay wise? banking of course.

However i don't think ibankers have any trouble getting into top mba's

"If I take Mckinsey, it will be much tougher work than the banking offer"

Just reading that made me realize you basically want everything without having to work hard for it.

It is true that i-bankers don't have problems getting into top MBAs, but this is a local i-bank...

anyway, what is the chance of switching to IBD if you have done generalist consulting at Mckinsey? how abou S&T? Would your chance to switch to IBD or S&T increase or decrease with the corporate finance practice at mckinsey?

I'd go with McK

you have 0% interest in mck/consulting work it sounds like?

Go with McK. if you want the best shot at bschool.

Regards