Does MBB office matter significantly for post-grad recruiting/long term career growth?

I'm a college junior doing consulting this summer for a MBB out of Chicago. How big of a difference does office location make for MBB, primarily with regards to future career opportunity? I'm considering PE or hedge funds long term.

What factors should I consider weighing Chicago vs other offices (SF, NYC in particular)?

 
 

Perhaps some more experienced consultants can shed more light, but from the people I've spoken with in Chicago, the projects and clients are geographically segregated. For instance, OW finance clients are primarily tied to New York and Aviation clients are tied to Chicago. Since the average project will be based on that client exposure, it limits specialization options a little. I can't speak for the impact on MBB.

 
Most Helpful

For future career opportunities, very little if any. You will be able to find a role on east coast/west coast no problem. Same headhunters will hit you up. They will give you the same opportunities. It may be slightly different if you went to a small office (e.g., Detroit/Charlotte, etc.) but even then I've seen plenty of people end up wherever.

The only time it may get a little weird is for something like PE in NYC specifically. This more so stems from NYC PE having a bias to take NYC bankers over Chicago. Even still, I knew plenty from my firm who went to PE in NYC and were not a part of the NYC office.

It may also get a little weird with smaller VC/hedge funds who will want multiple and often informal rounds of interviews. They (pre corona) would often want to do in person type meetings when possible. Still this would not prevent you from getting a job if you were qualified.

Agree mostly with the above on how the three firms work with staffing. I don't think it is quite as cut and dry. People at McKinsey still will have to prove themselves if they are in an office like Chicago to get to work on tech (SF) or media (NYC) and that may take a while. Similarly, while Bain is office-centric, a Chicago partner may have clients all over the country/world that you would be able to work on.

 

As someone in NYC at an MBB and who received offers at all three:

Bain/BCG Chicago is a bit cut off since they are more regional.

McKinsey Chicago means you can work on whatever you want since McKinsey uses a global staffing model. Chicago was also McKinsey's first office (unlike Bain/BCG in Boston) so it's a bit more special to the firm.

In terms of exits, Chicago is a major office (along with NY/SF), and is the 2nd/3d biggest office for each of MBB. So, Chicago is considered one of the top offices in that sense, and also more competitive.

 

Architecto nemo deleniti magni aut eum. Minus harum occaecati omnis nam rerum amet. Repellat quos cupiditate facilis fugit. Necessitatibus sunt aut quidem exercitationem. Libero delectus nisi sed vel fugit et autem. Sunt enim quibusdam numquam laboriosam aut. Necessitatibus delectus totam voluptatum dolorem minima nihil.

Career Advancement Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

April 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

April 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (344) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”