McKinsey (London) Vs BCG (London)
Hi WSO community
I have been fortunate to receive offers from McKinsey and BCG (London) and wondered what advice there may be on which to accept. My experiences of all firms is very very positive. I have no niche interests industry wise and am excited by the variety and opportunity to take on a generalist role. In terms of future aspirations I am hoping to do an MBA and then either aim to become partner or if my interests and abilities takes me there , C-suite position of a large organisation.
Thanks in advance for the advice
BCG is pretty much considered Tier 2 nowadays... So McKinsey would be a better choice if you are looking for exit
Absolutely not true.
Plenty has been posted about this already. I would take (and took, to some extent) the following aspects into perspective:
First off congrats, huge win landing two MBB firms, not a bad decision to make.
You could spend a lot of time talking about staffing model differences, industry interests etc. but honestly both are great shops with little between them that help you achieve the goals you outline.
It seems like you're looking to be there for more than a couple years and potentially even longer term. What will really determine your success at either is how well you fit into the culture. Go to both sell weekends, get a feel for what the people are like/ask all the questions you need and choose the firm that is a better cultural fit for you
Both are great and will have good exit opportunities.
In addition to what people said above: 1. Staffing is global at McKinsey (as far as I know) and BCG regional, so you'd likely travel more at McKinsey, although London staff also have many projects around London. Could be an opportunity if you want to travel more with work. 2. Opportunity for MBA and partner track is about equal. 3. The way you work will be slightly different. McKinsey, do most of their slides on paper and outsource the slide building to other offices (eg. India), while BCG consultants tend to do more of their own slides. 4. Pay - BCG generally pays more. That was certainly the case in most countries at my MBA. 5. The network at McKinsey is broader, so they have an edge over BCG in exit opportunities.
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