mbb

Banking: - You're gonna learn an insane amount about not just financial modeling but also how companies are structured inside-and-out. Bankers are basically real estate agents for companies and just like how real estate agents know everything about a house they sell, bankers become extremely well-informed about the companies and industries in which they operate. - Better pay: nothing else to say here, just the truth - More hours: Sure it sucks to work more, but, guess what? You're young, you have the energy to work. Learn as much as you can now, cash out on your knowledge from banking to find

06 Oct 2020

Hey guys, I go to a target (H/Y/P/S) undergrad and we had our final-round interviews for the AC role at Bain (NYC/ Boston/ SF) on Tuesday the 29th. I know MBB typically get back with news within 24h if it's good or longer if it's not-so-good but none of my friends have heard back yet. What should we expect the decision timeline to look like? Maybe we can use this space to keep a tab on when decisions start going out... Would really appreciate any insight on this for this year in particular (have read through previous posts)

01 Oct 2020

Just wanted to start this forum topic since I know a few of us are feeling antsy about Bain final round decisions. I would be interested in hearing about your ACI final round calls and the turnaround time to receiving an acceptance or rejection. Please post if you have or have not received an acceptance, and for which region of the US! Also let us know how your overall interview went from your perspective, and how well that matched the outcome. Thank you!

10 Oct 2020

I don't want to be in consulting or ib for more than 2 years, just wanna learn about biopharma space and get into biotech vc. I'm between 2 offers for full-time right now: Evercore in Life Sciences banking division (Menlo Park) or Mckinsey SF is generalist. Pros of Evercore: I'll be only on biotech deals and can learn much more about the field and how to think strategically about business from a finance perspective + more pay Cons of Evercore: Not as well known, so may not add that stamp to my resume that Mck would Pros of Mckinsey: Good to have on resume, will add that stamp to have my resume

25 Sep 2020

I don't want to be in consulting or ib for more than 2 years, just wanna learn about biopharma space and get into biotech vc. I'm between 2 offers for full-time right now: Evercore in Life Sciences banking division (Menlo Park) or Mckinsey SF is generalist. Pros of Evercore: I'll be only on biotech deals and can learn much more about the field and how to think strategically about business from a finance perspective + more pay Cons of Evercore: Not as well known, so may not add that stamp to my resume that Mck would Pros of Mckinsey: Good to have on resume, will add that stamp to have my resume

26 Sep 2020

I am in a very privileged position to have received a McKinsey offer for the associate position in NA. Previously, I had attended the Bain summer program for advanced degrees but unfortunately bombed the final case interview and did not receive an FT offer. The recruiting manager communicated that I was placed on a pseudo-waitlist and that they will reach out to me at the end of August or early September. Now I am in a bind. I know it is easy to just accept the McKinsey offer and never look back, but Bain has always been my top choice and I really felt at home with all the Bainies during my

22 Aug 2020

I'm a junior at an east coast target school (3.8 GPA, think Princeton/Columbia/Penn) but am looking at offices on the west coast (have just always wanted to try living in the west coast)! I know my school is a target for east coast offices like NY - but I'm struggling to see alumni from my school at some of the MBB LA offices that I could potentially network with/talk to. Is this going to negatively impact my chances of being accepted/at least called back for a first interview? Do LA offices prefer to recruit from schools like UCB and Stanford as opposed to Ivies? Any advice? Thanks so much :)

22 Aug 2020

I'm going to kind of brag here, but I have a natural talent for casing. I haven't practiced much at all, but can get all of the advanced answers in each case. I also go to HYPSW. However, I feel like I don't have strong quantitative financial/modeling skills, so I thought I could do IB for junior summer to gain those experiences, and then shoot for MBB full-time. Is this a dumb strategy? Would it just be safer to do MBB junior summer? My worry is that I won't be able to gain that quantitative financial experience once I step into consulting, so I might as well delay it by a bit to hone other

30 Aug 2020

I know that AI MBB resume screeners are coded to pick out keywords for large companies mentioned in resumes like "IBM" or "Goldman Sachs." I was wondering if these AI resume screeners are also primed to pickup keywords for smaller but distinguished firms like "Lazard" or "Evercore."

17 Sep 2020

This is the age old question. Here is my quick take on it. Happy to answer any questions about my experience or anything on your mind. Here it is, Banking vs. Consulting, an overview. #### Skills/Training: Banking: A slightly narrower but more focused skill set: quantitative and modeling focused. By the end of it, you'll be an expert at valuation and typical models like M&A, LBO, and capital raises. Consulting: Broader skillset. By the end of it, you'll get very good at structuring an ambiguous business problem, identifying a path to solve it, figuring out data and information needed

25 Jun 2020

Hi everyone, hope you are all doing well in this coronavirus season. Wanted to contribute to the community during this time with a Q&A. I imagine many of you consultants or college students are at home chilling, so thought this could be an interesting use of time. Open to answering all sorts of questions about life in MM PE, my time at MBB, transitioning from MBB to PE, college to MBB, etc. I hope this is a helpful discussion on this forum. For some brief background - target university, 2 years at MBB, and now towards the end of my first year as an associate at a MM PE firm in the US. Pretty

30 Apr 2020

All Canadian offices included, and U.S. offices, if any. Is it also possible that a target in one country to place in another one? Especially in less competitive offices, like ME/Africa. Thanks.

26 Jul 2020

Hello everyone, I'm currently a third year Italian undergraduate student at Bocconi University, interested in starting my professional path in London IB but that would also be interested in Consulting (most likely in Italy) I'm considering several choices for my masters, and I'm not excluding MiMs from top schools. I was wondering what do you guys consider to be the most attractive alternative and the one providing more optionality with regards to picking IB and MC. I also want to understand if a one-year program is worth the price, given that i have some professional experience (in a PE fund

14 Mar 2020

It's summer time and many of you out there are likely in your first internship with a consulting firm. Here are 5 things I found to be helpful in converting my internship into a full-time offer: #### Demonstrating core attributes / skills: 1. Coachability: you don't have to know everything day one, it's definitely not the expectation. However, I think it is important to show that you're coachable and are willing to receive feedback and learn / grow from it. Consulting is generally an apprenticeship model where you learn from coaching and guidance you receive from your teammates and team

25 Jun 2020

I'm in the pre-MBA stage of my career and currently working for a T2 Strategy Consulting firm. As the title suggests, I am hoping to get perspectives about how feasible it would be for me to recruit for Banking and Consulting at the same time during MBA recruiting. I would also welcome any general advice about my situation. Investment Banking is far and away my first choice, and I would be willing to devote much more focus to IB recruiting than consulting, the latter of which I think could be done successfully with less effort given my background. That said, I want to be realistic about my

09 May 2020

I'm interested in what people think the best training is for starting a search fund. I know that this is becoming a more popular career option for people out of business school. For graduating undergrads who plan on going to business school 3-5 years down the road, what do you guys think would be the best gig out of college if you intend to start a search fund after business school. I feel like the main options that people with this goal would consider are: * MBB consulting(you get to learn how many different types of management decisions are made, given coaching on "strategy", get exposure to

18 Apr 2020

Hi! So I am going to USD in the fall of 2020, but I recognize that it's not a target for MBB. However, what I have noticed is that a few USD graduates have made it in, and it appears that they were basically the best of the best. My goal is to pursue internships that will help me and to perform as highly as possible. I'm in the Honors Program as well. So, my main questions: What are some of the best internships for MBB in San Diego (or LA)? What should I be majoring in? (I'm planning to do an Econ-Finance Double Major with a minor in IT Management). I'm asking early so that I can plan ahead

18 Apr 2020

Starting school this Fall, background is in ER. Dream career is working at a value oriented HF or traditional asset manager. Not as interested in the multi-manager platforms since I wouldn't have pursued an MBA. Beyond even obtaining a role post-MBA , there is the concern of being irrelevant as a fundamental equity analyst in 15+ years. The industry is obviously changing, and tbh does the world really need another person determining the right P/E multiple for Target? All that said, I enjoy the investment process and the job's lifestyle compared to other roles. I see it more as a craft that I

17 Jan 2020

Hi friends. Recently left MBB after spending 2 years after college there. Always thought it was helpful reading Q&A when I was a student thinking about career-pathing, so wanted to offer this up. Busy in a new job, so will respond when available and might close this thread up early, but for now, please ask away. For context: Target college MBB big US office Based in the US Obviously please keep questions professional and I will try to provide as much insight as possible. Won't reveal anything though that is too personal. Still care about anonymity.

19 Sep 2019

Does anyone have any information about Siemens Management Consulting directly or indirectly? Interested in hearing about perceptions, experience, etc..

20 Oct 2020

Let's say you're attending an elite MBA program, with around $150k of tuition costs sponsored by a tier 2 consulting firm (think Deloitte, OY, S&, ATK). Would MBB consider offering a loaded sign-on bonus (covering 50%+ of tuition) to entice such a candidate? Curious to hear if this is a regular occurrence.

06 Jun 2019

What is the difference between the Silicon Valley offices of MBB and the SF offices of MBB? Do they have different client mixes or do they both focus mainly on tech/healthcare

29 Sep 2020

Hi monkeys, does anyone have any insight into the culture/work of MBB offices in Seattle? Looking at getting to the West Coast and feel that I'm probably more of a fit for the city than SF/LA, but can't find much about their presences.

28 Sep 2020

[Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted][Deleted]

24 Sep 2020

I am a senior Fin/Acct major at a top 50 state undergrad business school. We are Big 4 target but not MBB/IB so I know where I stand. I have a 3.7 and decent involvement. I currently have an offer for BIg 4 Enterprise Risk Advisory after I graduate which I got from an internship. I enjoyed the people and the work was also enjoyable when it wasn't tech audit focused. However I am a little more interested in strategy compared to audit/risk management. I want to weigh the advantages of a Big 4 name vs a small no name strat/research firm that I think I have a chance at. I want to set myself up for

18 Sep 2020

I want to be an entrepreneur, so I'm not too focused on name-brand for my long-term goals, I'm more focused on learning opportunities. So: What do you actually learn from being a consultant? I know everyone says "soft skills" or how to "think strategically" but what does that actually mean? Do you think you'll gain more knowledge/skills on how to manage a business than if you did investment banking at an EB getting to work closely with clients on their operational strategy?

17 Sep 2020

I am in my first year at a highly regarded corp finance program at a f50 company. Was wondering if anybody could shed light on the transition process between corp fin to mgmt consulting at mbb or big 4. How difficult is it, and what can I do to increase my chances? Advice I've read from other posts was to apply to top MBA programs and pivot to consulting post MBA, but I was curious about making the switch before. Not sure if this matters to consulting recruiters post graduation but I went to a target school and have a great gpa.

08 Sep 2020

Hi all, I'm currently applying for FT positions at MBB/Tier 2. I'm originally from Eastern Europe but studying at a UK target (Oxbridge) and would very much like to remain in the UK; can't imagine living anywhere else long-term (plus I'm only allowed to be outside of the UK for a max. of 12 months in the first 2 years after graduation to remain eligible for the UK citizenship). The problem is, I'm aware of how competitive MC is for FT recruitment in London and that it's going to be even tougher this year so I'm also considering applying to my home country's MBB offices where I was told by

07 Sep 2020

Say I apply to the NY office - is my application being reviewed by people in the NY office and with other applicants who put NY as their first choice(especially since analysts are the ones looking at resumes)? Or is my application going to be reviewed by a randomized group of analysts across different offices? Any insight into the office selection thing would be appreciated! Specifically interested in McK if that helps.

25 Aug 2020

I looked at some employment reports of top 15 bschools during 2012-2017 and this seems to be the trend. For example, Columbia, a finance powerhouse, had 55 graduates heading over to McKinsey in 2017, while that figure for Goldman Sachs was only 8! The top 5 recruiters in 2017 were McKinsey, BCG, Bain, Amazon, and Deloitte. In fact, across top 15 bschools, the percentage of MBAs who went to IB in 2017 is only 5-10%; for consulting it is 20-30%. Now, I understand that: 1. Maybe half or more of those heading to MBB had their MBA sponsored -> they were just coming back 2. BB IBs get most of their

16 Sep 2018

I come from an unconventional background (architecture) and would like to get into MBB. I am deciding between Columbia and Kellogg. I am from New York and prefer to stay in New York after MBA. That said, I feel Kellogg would give me a better shot of getting into MBB as it can leverage better my background. Any thoughts?

04 Feb 2019

I'm currently an undergrad at a target school(non-ivy) for top tier consulting firms(MBB, Deloitte, etc. whoever else you want to say). I had two final round interviews for MBB for the internship this summer, but did not get them. I did however get offers from all Big 4 I applied for and decided to go with S&O. I was encouraged to re-recruit by my contacts and recruiters for next year at MBB, but I was curious what other peoples' thoughts were. My main question is I understand the prestige is better, but is the salary and potential future exit ops so much better that I'd be dumb not to re

26 Mar 2019

Hello, I've been offered a position at PwC for Technology Risk Consulting (comes under their Risk Assurance Business) and a position at Deloitte for Digital Strategy (comes under Deloitte Digital). In terms of growth opportunities, which of the two would be better if the end goal is to switch to MBB or a Tech firm like Google? Things I'm considering: 1. In terms of overall prestige, I'd say PwC has the best global reputation among the Big Four. Not that Deloitte would hold me back in any way. +1 PwC 2. The positions offered are different, but I'm interested in them both. I would think that it

27 Apr 2019

This is my take, and I've included some basic commentary about why I've listed certain firms in certain places. I'm definitely interested in hearing what people think, but before I give the list I offer two disclaimers: 1. This is what I think the landscape CURRENTLY looks like. 5 or 10 years ago I would've had some of these firms in very different places on the list (and excluded some of them entirely) 2. This is based on prestige for the US market. Things are of likely different in Europe or elsewhere Anyway here we go. Tier 1: 1. Mckinsey 2. BCG 3. Bain This is simply indisputable Tier

17 Feb 2018

Doing MBA research and a lot of schools break 'management' and 'strategy' consulting into two distinct categories in employment reports. Clearly the majority show MBB as 'management' consulting, but there are also some listing strategy. What are the differences between the two? What is Management Consulting? - Job of Management Consultants Management consulting comprises of planning, organizing, staffing, and controlling an organization in order to achieve or accomplish a goal. Due to the variety of firms, management can include human resources as well. The overall goal of management

29 Jan 2018

Hello everyone, I have been recently looking on WSO, and I have found it super helpful to hear people's experiences in management consulting. I am currently a sophomore at a top target Ivy League college, and I am a first generation student and underrepresented minority. I have a pretty good resume for my year, and decent GPA (3.55). A year ago, I never even knew what consulting was. Now that recruiting season for junior internships is coming up this fall, I would really would appreciate any advice or help on how to make it into an MBB. I really want to go into strategy consulting because of

26 Feb 2019

Hi, guys, I have a question that I am dying to seek for an answer. I am now an undergrad at Columbia and I want to apply for the summer internship in the consulting field next year (preferably MBB of course). But my education background is a bit unconventional: I have attended TWO colleges prior to Columbia and being academically dismissed from the FIRST one. I attended a top 50 (not gonna specify thanks for understanding) university in the States, but due to many reasons (first time living in a foreign country, wasn't capable of taking care of my self, hard time blend into the environment

31 Jul 2018

I spent 5 years working as an innovation strategy consultant at McKinsey in the Montreal office. During that time I worked on projects around the world on a wide range of innovation-related subjects. I also interviewed many applicants for associate and analyst roles in Canada and elsewhere. I'm now the founder of Juniper, a boutique consulting firm, and co-founder of Vocaprep, a case interview preparation website. Ask me anything!

20 Feb 2018

I'm an MD currently completing a post-doc in pharma, applied as an ADC to MBB in the fall, made it to the decision round for MBB1 and MBB2. was waitlisted at MBB1, was asked to complete an extra decision round then waitlisted at MBB2, and was ultimately rejected to both though asked to reapply during the off-cycle in spring. Have any other ADCs applied during the off-cycle? - How was your experience? - How did the recruitment process and level of difficulty compare? - Did you experience any pushback in re-applying so soon? - What recommendations would you have for someone else going through

16 Jan 2019

I will be entering an M7 full-time MBA program this fall just after turning 33. When I graduate, I will be 35. I come from an architectural background with reputable firms but not that heard of in business world. I have a lot of experience in the design/construction world but little business experience. Is entering MBB at associate level feasible with this situation?

15 Apr 2019

Conventional wisdom here would suggest that you need to go to a M7/T10 school to give yourself a decent chance of making it to MBB, You can make it from a T15 school, but the chances are lower. However, I've noticed on LinkedIn that people from UW Foster (USNR #27) & UM Twin Cities (USNR #32) do make it to MBB (I'm not talking about sponsored MBB kids, but career switchers). Although it seems like they're always in the Seattle or Minneapolis offices. I'm not talking about 1 or 2. These schools seems to send a few grads to MBB every year. I know those are not Kellogg numbers, but what does that

15 Nov 2017

Hi! I would like you guys help me tear apart my resume! I am mainly interested in a career within consulting or IB but I haven't excluded other industries. Be as honest as possible: please focus on content, format, grammar etc. And also, since there is nothing I can do about my existing experiences, please focus on relevance etc. rather than personal achievements. Cheers!

21 Aug 2018

Hello, As some of you working in consulting might know there are several different types of Partners. Most notably there are junior or salaried partners, and partners who have an equity stake at the firm. I have also seen some MBB partners listed as Advisory partners and can't figure out what exactly is their role. Can anyone enlighten me on how advisory partners are different from regular partners? Thanks in advance.

21 Mar 2019

Hi! I would like you guys help me tear apart my resume! I am mainly interested in a career within consulting but I haven't excluded other industries. Be as honest as possible: please focus on content, format, grammar etc. And also, since there is nothing I can do about my existing experiences, please focus on relevance etc. rather than personal achievements. Cheers!

21 Aug 2018

I'd like to know what the target universities are for top management consulting firms in the UK, namely McKinsey, Bain and BCG. Is it true that the London office if these firms mainly target and hire from these unis: - Oxford - Cambridge - LSE - Imperial - Warwick - UCL Also, is it necessary to have a consulting internship to get a FT consulting offer? In IB, having a IB summer internship is almost a prerequisite to land a FT role.

27 Apr 2018

I'm an incoming junior from a top 5 target school with a 3.7 GPA in STEM (CS). I'm been dissuaded from doing software engineering and am looking at consulting and finance (specifically consulting) instead. I've always had a deep passion for economics and finance. I religiously listen to economics podcasts and am currently an econ research assistant at my school. I am wondering if there's an advantage coming from a technical background and looking to do an MBB or tier 2 consulting internship. I also heard that McKinsey had a new analyst+data science position for interns/new grads. I would be

28 May 2018

Deleted deleted deleted deleted marry had a little lamb little lamb little lamb mary had a little lamb whose fleece was white as snow.

11 Aug 2017

Hello everyone, I have offers from both schools mentioned above and would like to get your views on the schools/programmes. My career goal after graduating is to work in Management Consulting (preferably MBB in Germany) or in IBD (London or maybe Frankfurt). I know people from both programmes and all of them are very happy with the respective programmes. I believe that the MFin from ESADE will be more academically challenging and I certainly will learn more new content. It probably also better prepares me for a future job in IBD/M&A. The MiM from LBS has an amazing track record and great

29 Jan 2018

Five years almost to the date, I was fired from Oliver Wyman (after 11 months at the firm, straight out of ugrad). This is when I'd walked into the year-end review genuinely thinking I'd be told I was promoted. There are a few words one never forgets, and the sentence that'll stick with me forever was "based on a few factors, but primarily your performance, we are moving on". No "sorry to say, but...", even. I was shown a few spreadsheets showing how I did vs my peer group. I scored poorly across 8 of the 14 metrics, and was average in all others. Out of the 8 metrics in which I scored poorly

03 Jan 2017

I joined MBB out of undergrad in 2015, and my office has seen what I think is stunning attrition -- 7/18 in my start class (i.e., all the 2015 undergrads) have quit, and one more has transferred to another office, meaning we've lost nearly half of my class within 15 months of starting. Is this high attrition? I wasn't expecting anyone to leave until the 1.5 year mark, and even then only one or two people. But I don't know what the situation looks like in other offices/at other firms.

26 Jan 2017