Research Analyst at McKinsey OR Advisory Consultant Program at EY
Hi,
I have two offers, one from McKinsey as a research analyst, and the other as a consultant in the advisory consultant program at EY.
I want to become a consultant, (it's a long story why I didn't apply for a consulting role at McKinsey).
McKinsey Pros: office environment is much better than EY, people are completely different than people at EY, completely different cultures, and it's a brand name.
EY Pros: consulting role which is what I want
McKinsey Cons: position is research analyst, a bit disappointing.
EY Cons: It's an advisory program, I would prefer a permanent position straight away. Also, I am not sure whether it's worth compromising McKinsey for a consulting role at EY.
Both companies didn't send me the contract yet or any information on the salary. But I assume salaries are going to be similar. However, I want to make my decision based on 3 things:
- Position: which position is better in the long term? AND which position is better currently in term of execution, I don't want to end up doing something boring everyday.
- Work environment: which of those companies has a better work environment? That include: office, people.
I don't know much about EY, even though I've been to their office but I found it difficult to make an opinion. So which one should I go for?
Because you want to do consulting, I say go with EY. I think the main cause that holding you back to go with EY is because of the McKinsey brand name. Either firm, they have spots in top MBA school if you plan to do it in the future.
I will argue though that McKinsey's office environment is much better than EY (e.g. people and culture). It is different for every office so you cannot generalize. But as long as you're fun and friendly, you wont have a problem with getting along with your colleagues.
I am pretty sure that you wont do a boring job at both roles. Though it is inevitable sometimes.
Is this going to be your first job? Do not worry a lot. You cannot go wrong with either role.
What team within advisory though? Advisory=shit load of areas that aren't strategy or performamce improvement
Thanks for the replies.
During the first 2 years of the program I will rotate through different teams before I decide which one I want to stick with.
Yes, this is my first job, and I really want to get the right one. And yes I guess you are right, McKinsey's name is what's making this a difficult choice. If it was another company with the same position I would've gone with EY straight away.
My intention, if I join McKinsey, is to work as a research analyst for as much as I have to then move to consulting.
And it's starting to get more confusing, because I just realised there is a difference between consulting and advisory. If I work in advisory I'll have to specialise in one line of service for the rest of my career. If I work in consulting I'll work on different lines of services throughout the year. I don't know which one would I prefer, each has its pros and cons. But that would be a major difference between the 2 firms.
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