Mckinsey Strategy&CorpFinance vs OW Finance

What would be the differences between the two. Since Mckinsey is considered the most prestigious consulting firm and OW is the most prestigious specialized firm in finance, which is a better option financial consulting? (if by the grace of the almighty someone gets these two offers keeping the location same, say London.) I'm talking mainly about, comp and projects.

Edit: removed prestige from the last part.

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Comments (6)

  • Associate 2 in Consulting
Sep 13, 2021 - 7:24am

Never heard anyone say OW is more "prestigious" than McK in anything at all

  • Associate 2 in Consulting
Sep 13, 2021 - 8:19am

Not quite how it works. They might be competitive in tenders for finance projects against MBB, perhaps especially in comparison to other T2s, but to just blanket assume they're more "prestigious" (which is all nonsense anyway, please don't fall down the prestige trap before your career even starts) because of that is crazy.

  • Prospect in Consulting
Sep 13, 2021 - 9:19pm

Current OW here (despite title).

I think the McK CorpFinance is more M&A/Due Dilligence work. OW has a strong M&A practice but the strong reputation is in financial services (i.e. banks, payments, insurance, etc). So comparing these two is a bit different

I would say Mck M&A > OW M&A

Mck FS = OW FS

In FS, its pretty much only McK and OW, BCG and Bain are a bit more of a "tier 1b" though I dislike an artificial ranking like that.

  • Analyst 1 in Consulting
Sep 14, 2021 - 9:12am

No, McK CorpFinance is mainly the corporate strategy arm (since it's very hard to separate corporate strategy & financial projections). Most strategy projects at McKinsey either fall into strateg&corp fin or marketing&sales

  • Prospect in Consulting
Sep 15, 2021 - 11:15pm

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