McKinsey after MBA?

Going to be big baller banker now, but wondering about the upside to getting into McKinsey post-MBA as an associate?

To me, McKinsey is the pinnacle of prestige and awesomeness in the business world because it's so damn hard to get in. It's like you need a recommendation from god himself to get in. Yes hyperbole, but I hear it's amazing for landing C-level positions at good firms....

So what's the upside?

Comments (21)

Feb 1, 2010

you work less than investment banking

Feb 1, 2010

I agree..its so fuckin prestigious!!

Feb 1, 2010

Chiang, get a girl whose dad is the chairman of McKinsey.

Feb 1, 2010

There's no way you went to a top school.

Feb 1, 2010

is the money there though? I realize this was a joke post from Chiang, but do post-MBAs choose McKinsey because of exit ops to other fields? I don't see the allure of spending 6 days a week on the road away from your family. At least in banking you get to go home at the end of the day, albeit its 2AM. Plus, isnt the comp $150K all in? After taxes in NYC that is chump change. This is my uneducated impression. If someone could clarify I would appreciate it.

Feb 1, 2010
TheRapist:

There's no way you went to a top school.

^ so says the Princeton kid who asked if a McKinsey BA or Deloitte BTA summer position was better

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We are excited to formally extend to you an offer to join Bank of Ameria

Feb 1, 2010
PiperJaffrayChiang:
TheRapist:

There's no way you went to a top school.

^ so says the Princeton kid who asked if a McKinsey BA or Deloitte BTA summer position was better

Do you spend your entire life on this forum or something?

Feb 1, 2010
PiperJaffrayChiang:
TheRapist:

There's no way you went to a top school.

^ so says the Princeton kid who asked if a McKinsey BA or Deloitte BTA summer position was better

pure gold :P

at op:
the reason mcK are so successful isn't coz they're so much better than the other firms (they are really good, but they tend to mess up as often as they get things right - inside info mind you) it's coz they have realized that the #1 asset that provides consulting firms with business is well-positioned, well-pampered alumni.
that way, when the ex-McK CEO/COO/CMO or whatever needs to get some "professional backing" to his development plan or whatever, he'll call his friends from the old days, provide a nice fat project, and have his opinions given weight by the worlds "best" consulting firm.

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."

Feb 1, 2010

Cheer up bankalot, no shiatsu tonight?

I have pledged my life to helping all the ibanking hopefuls of this world, a noble goal if I may so say myself. I'm also here to spread the Chiang dynasty of greatness, bank you very much.

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We are excited to formally extend to you an offer to join Bank of Ameria

Feb 1, 2010

haha spread some chiang love,

anyways other than less working hours, there's a higher chance of being a CEO. I've noticed quite a number of management and CEOs of well respected firms, have worked in McKinsey before..

Feb 1, 2010

my point:
McK make a point of helping their alumni get central, influential positions in big firms, as an investment.

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."

Feb 1, 2010

I'm interested in this topic too ... let's hear some more about the value/career path of post-MBA MBB? how do MBAs view MBB jobs? particularly for those who aren't focused on finance jobs?

Feb 1, 2010

MBB consulting jobs are the most sought-after by MBA's, even more so than banking jobs are.

Feb 1, 2010

how come? because the prestige, career path, exit opps? or they like the work? obv the pay is ok but not great at the MBA level. just trying to understand the post-MBA perspective on consulting

Feb 2, 2010

Bump. I really would like an answer to that ^^^

Feb 2, 2010

Mostly it's the prestige and the allure of doing "strategy" work (e.g. setting a company's direction, focusing on big picture issues, working with key leaders within an organization) versus starting in a functional role (in corporate jobs) or going the finance route.

Most people don't do consulting for the money (pay is good but not on par with opportunities in banking/principal investments/etc).

Most see consulting as an acceleration to top corporate jobs (you get to skip a few years of grunt work and jump ship after making manager), while a few manage to make partner.

Feb 2, 2010

i personally crave the relative diversity of the projects - new challenge ever few weeks. wouldn't be able to stand doing the exact same thing over and over and over again.
naturally, consulting has it monotonous manual labor, but it's not as bad as most, i'd like to believe.

"... then, lobbest thou thy Holy Hand Grenade of Antioch towards thy foe, who, being naughty in My sight, shall snuff it."

Feb 5, 2010

It's all about the people you meet, a greater variety than in IBD. In my experience in both fields, the promotions were better in IBD, but the work experience had less pressure and more fun in consulting.

Jun 12, 2011

If you're at McK, you're going to get WORKED. Out of MBB, they work their guys the hardest. A good buddy of mine is an EM there and he works nonstop. Not as bad as banking hours, but significantly worse than BCG/Bain hours. Perhaps he's a superstar, or really inefficient (which I doubt). but the consensus is the same - you will get worked at McK. Regardless, it's a fantastic firm, and you'll have an endless number of exits.

Jun 13, 2011
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