– From an Ivy League MBA to McKinsey Two rounds of interviews are conducted. Tax preparation, auditing and business consultation … The best consulting jobs on the campus go to MBA graduates from the top ranked business schools. Required fields are marked *. McKinsey Digital’s support helps client companies survive in the new world and do better in a technology-intensive market and derive its full potential. Even the consultants’ conduct and style of attire appear to reflect this. The fellow program is only available to full-time MBAs studying at the following business schools: Columbia Business School, Northwestern’s Kellogg School of Management, Harvard Business School, MIT’s Sloan School of Management, Stanford Graduate School of Business, UCLA’s Anderson School of Management, and many more. Check out the Top 50 … Some other titles are as follows. Typical progression ‘ladder’ (though the position names will vary by firm). McKinsey has spent several millions in the last few years acquiring data and analytics firms but it’s still well behind the ACN and the Big 4. As a registrant, you will also gain access to resources, advice and exclusive offers as you research and pursue your graduate business school options. They are also said to have a networking advantage, because of the firm’s global spread but also because of its alumni association activity. The Big 4 treat their clients much more softly, compared with MBB. Source: mconsultingprep.com. Wolters Kluwer has been recognized by the Top Employers Institute through a global certification program. For example, here’s where you can apply to McKinsey as a student or experienced hire: The Knowledge Network deploys researchers, analysts, economists, and even historians and meteorologists. However, while the Big 4’s methodology involves giving specific, formulaic solutions, examining each client problem individually, MBB detect problems, find out the best solutions to address them, and then provide customized solutions for their clients as a whole. Ideal candidates must have an MBA, 2-4 years of consulting experience, or 5-7 years of line management experience. Your email address will not be published. I just recently talked to my buddy thats at an ivy MBA now and said there were a bunch of people from my old big 4 firm from audit, tax, advisory and consulting … Accenture typically hires MBAs to strategy positions, where they work with companies, governments, agencies and public service organizations. The consulting firm also helps with computer-related purchases and GMAT preparation.   AT Kearney does on campus MBA recruiting at a number of top business schools, such as Columbia Business School, Kellogg School of Management, and London Business School, among others . Max Pulcini is a Philadelphia-based writer and reporter. Get even more information on LEK Consulting MBA careers here. How has this impacted consulting salary trends? The firm also has the BCG Fellows MBA program, providing applicants with scholarships and personalized mentorships by BCG consultants. The firm is an attractive destination for MBAs—in fact, LEK Consulting ranked first among consulting firms as the best company for MBAs to work for, according to a national survey and ranking by TransparentCareer. Got an offer from two of the Big 4s in their advisory practice. The Summer Associate Program lasts 8 to 10 weeks, giving MBAs an opportunity to become full-time members of a consulting team. The Big 4/ACN are brought in when something actually needs to be done about a problem. If you consider salaries for the same positions in the same big city across the Big 3, there may not be substantial differences at all. References: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, Start here | Success stories | Reality check | Knowledgebase | Scholarships | Services, “While McKinsey prefers a candidate-led approach, BCG and Bain take an interviewer-led approach”. An undergrad may earn $85,000 base salary and an MBA full-timer $165,000. There are additional consultant opportunities at LEK’s Boston and Houston offices, which are currently open. McKinsey differentiates itself from its two big rivals in its problem-solving test (PST), conducted either in person or online, which is used to pare down the applicants pool. Paytm - CEO's Office Role - Big 4/Consulting Background (5-10 yrs), Noida, Strategy Consulting,Big4,Project Management,Transformation, iim mba jobs - iimjobs.com We have additional information and resources for landing a job at BCG here. But these format preferences are based on publicly shared information. Overall, the impact of this activity has put upward pressure on U.S. MBA & PhD salaries this year, specifically at the Big 4 and Boutique levels.In the middle of 2019, MBB increased MBA & PhD base salaries to $165,000, and other firms have now increased MBA … Its been helping me a lot too. But McKinsey sets the rule for a season and the other two follow—McKinsey can’t afford to lag behind, as their prime recruitment targets, from HBS MBA class topper to Rhodes scholar, are also hounded by other top firms. MBB have strong resources and expertise in specific areas, and candidates with different backgrounds usually have a better chance at one of them over the other consulting firms. “MBB” have a similar type of clients and provide similar services. Mgr - Your post-MBA … To mention a similarity, MBB consultants work with mostly C-level executives, and this is why these firms recruit candidates from top schools to maintain high standards of professionalism and sophistication. BCG vs. McKinsey | MetroMBA, Highlights of The Princeton Review’s 2021 Top Online MBA Ranking, Imperial College Business School: Delivering a Meaningful MBA Program During the Pandemic, Syracuse University’s Whitman School Makes Firm Commitment to Lead Business Schools in Diversity, Equity and Inclusion Efforts. The big four consulting firms that account for nearly 40% of the industry are Deloitte, EY, PwC, and KPMG. The Big 4 now sit at the top of your career goal list. Your email address will not be published. The Ultimate Guide to Knowing Exactly What You'll Make at Each of the Big 4 Accounting Firms. In all three, consultants are each allotted one project at a time, for better focus, and they can expect to travel at least four days a week for most of their tenures and to work long hours when they are their home office. The Big Three or MBB refers to the name colloquially given to the world's three largest strategy consulting firms by revenue.They are considered to be the most prestigious firms in the management consulting industry. @MBB: Thanks for pointing it out. Last year, the company reported net revenues of $39.6 billion, with more than 460,000 employees serving clients in 120 countries. Unfortunately, I don’t think there will be any public article about this internal change, but I’m sure you can check the signatures of Senior Managers at Deloitte India now, you’ll see that it is now Associate Director, or maybe check with some of those you might know :). Thanks for putting in all this information. But there is no significant difference with the Big 4 when you calculate the per-hour wage, because of the shorter hours at the latter. This article helpful for those required to know about top consulting firms. BCG typically hires undergrads as associates, working in the role for 2-3 years before moving on or pursuing an MBA. McKinsey’s education and technology practices are much stronger than those of BCG or Bain. The firm has offices in more than 40 countries, advising some of the world’s biggest organizations. Teamwork is a big thing at BCG, too, but individual contributions are also valued. Current MBA job opportunities at Wolters Kluwer include: several Account Manager positions, Salesforce Technical Lead, and Services Design Director. Both seem to focus on … How does the selection process vary between these three firms? Summer consultants can be placed into offices around the world, covering all areas of the consulting process across many industries. Please only indicate the regions you are interested in pursuing your graduate management education. However, I was … Do you agree? Moreover, MBB allow a lot of independence, with the expectation that the consultant would be able handle a project, while at the Big 4, there could be supervision, with a manager making suggestions and providing support. regions: Atlanta / Baltimore / Boston / California / Canada / Chicago / Colorado / Dallas / Denver / Detroit / Florida / Georgia / Houston / Illinois / Indianapolis / London / Los Angeles / Maryland / Massachusetts / Miami / Michigan / New York / New York City / Online / Pennsylvania / Philadelphia / Phoenix/Tucson / Pittsburgh / Research Triangle / San Diego / San Francisco / Seattle / Texas / Toronto / United Kingdom / United States / Vancouver / Washington, DC. Current MBA job opportunities at AT Kearney include: Senior Manufacturing Analyst, Consumer & Retail Practice Manager, and of course, enrollment in the Summer Associate Program. Consulting salary grows at 5 percent annually on average. How was the experience? See what our pool of experts has to say about Mr. Big 4 Tax's MBA application and assess the odds yourself! BCG typically hires undergrads as associates, working in the role for 2-3 years before moving on or pursuing an MBA. But they have similarities, too. Amazing article ! Junior EM? Read: How I got into BCG and what I did in my consulting job. Good One!! Management consulting is a highly competitive industry — with highly competitive pay. Accenture is one of the business world’s most respected professional services companies, providing industry-specific consulting services, as well as functional and technology consulting. Or there are opportunities to move for companies in finance department? But the culture of each of the three firms, which aspire to adopt and maintain global standards, may vary depending on the location of an office and the employees working there. If you haven’t worked in the consulting industry before your MBA, a career change can be a big challenge. McKinsey is the biggest among the three Big 3s. It is difficult to do it directly, which is where the advantages of a ‘Big Four’ background come in. John has 8 jobs listed on their profile. This is particularly so with BCG and Bain, as their intake is smaller than McKinsey’s. When I started in consulting with Accenture, it was glamorous to be in MBB and Accenture was a dirty word :) When I moved to McKinsey & Co 12 years later, the tables had turned. It has 127 offices around the world and 27,000 employees, 9,000 of them consultants. Now, for the differences. Send us an email: info [at] mbacrystalball [dot] com. FT Recruiting - Big 4 consulting Hey all...struck out on MBB for summer and FT opportunities. At the Big 4, the entry level (0-2 years) designations at all four firms is analyst, though, at Deloitte, it can also be associate. Anyone moved from Big 4 Accounting to Big 4 of Consulting (BCG etc) without MBA? Although McKinsey is said to be going for the interviewer-led approach, this may be only for the earlier rounds, and generally, the more senior the interviewer, the less the proportion of interviewer-led interviews. Can you share any official page on the Deloitte site where they mention the designation hierarchy? You can find a detailed look at MBA life at AT Kearney here, including information on other full-time roles, salaries, benefits, and more. CPA vs. MBA… Last Updated Feb 12, 2019 by Max PulciniFacebookTwitterLinkedinemail. Their clients include Fortune 50, Fortune 100, Fortune 500 companies, private equities, and hedge funds, and may charge them $500,000 for a team of six for six months. This article is a breakdown of the Big 4 firms, the average starting salary range for each of them, and some additional factors that help determine the size of your starting accounting salary. BCG’s interview process for consulting positions depends on the location. The McKinsey Knowledge Network comprises 2,000 knowledge professionals working at the company’s Knowledge Centers. BCG actively recruits students in on-campus sessions, providing opportunities to meet with recruiters, learn about potential jobs, and more. Also read: At MBB, consultants get to work with top executives on a daily basis, while at the Big 4, the most frequent interactions are with middle-management representatives of clients, and meetings with the top bosses are rare and confined to important presentations. In the middle, BCG is flatter and thrives on camaraderie and a collaborative work style among its consultants. The era of viewing Big 4 as “accounting firms” is long gone IMHO. Learn how your comment data is processed. Considered one of the most prestigious management consulting firms outside of the the Big Four, BCG ranks fourth in Fortune’s “100 Best Companies to Work For” last year. But in private equity, Bain offers more. But not every MBA can land a job at Deloitte, PwC, KPMG, and E&Y. The Boston Consulting Group (BCG) is the second biggest. When it comes to getting a hang of new trends in the economy, BCG comes out on top. Match with reputable MBA/MS programs in minutes by completing your applicant profile with MetroMBA. What role will I be likely offered? Operationally, the fuddy-duddy in the pack is certainly McKinsey, with its traditional, formal, and hierarchical approaches. Here we’ll take a deeper dive into these companies, their backgrounds, and their recruiting habits. McKinsey’s offerings were slowly becoming irrelevant as most CEOs now wanted “data driven decision making” and McKinsey’s knowledge of using big data and analytics to solve business problems were non existent (key reason why 90% of McKinsey Digital or Analytics Parters are ex-Accenture and Deloitte Senior Managers/Managing Directors). The Big 4 and MBB may work on similar types of consulting … The firm conducts three types of interviews—experience interview, problem-solving interview, and expertise interview. McKinsey alumni are believed to have a greater standing in the corporate world than those of BCG or Bain at any future job that you set your eyes on, according to some in the industry. Deloitte claims acceptance rates for employees applying to top business schools are three times the … Two things to consider: ... audit and consulting all the time, but each Big 4 … As for me personally, I saw the steadily dropping revenue numbers and decided to join tech (Google) as that’s where the future lies. Current MBA jobs opportunities at BCG include this listing for a Principal in Summit, NJ. By Seb Murray Tue Mar 10 2015 MBA … Some of them might require very specialised qualifications and experience. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. A couple of details on Deloitte seem inaccurate though: 8 months. All of them now put significant focus on consulting – right from Stategy and Operations to Digital… Considered one of the most prestigious management consulting firms outside of the the Big Four, BCG ranks fourth in Fortune’s “100 Best Companies to Work For” last year. 1. While the Big 4 have become major players in the consulting field, the classification of "Big 4" actually comes from the accounting world. While McKinsey prefers an interviewer-led approach, BCG and Bain take a candidate-led approach (see our blog: How to prepare for case interviews). The firm specializes in strategic and operational consulting and providing Mergers & Acquisitions support. Bain’s 2019 annual revenue was $4.5 billion. For candidates for consultant positions, it is a multiple-choice test of 26 questions to test for analytical skills. McKinsey is the most open among the three to taking in someone without an MBA, and Bain the least. Entry-level undergrad positions (business analyst / analyst / associate - … However, differences in salaries are usually seen between consultants in the same firm working in different cities and those at different levels. As an M7 MBA who just successfully recruited MBB for the summer, McK is “command and control” which is highly-interviewer led, while the other two are candidate-led. These are followed by BCG and McKinsey & Company. https://www.mckinsey.com/careers/students Boston Consulting Group, also known as BCG, is a management consulting firm with more than 90 offices in 50 countries. Based in the Netherlands, Wolters Kluwer has offices in over 40 countries across Europe, North America, Asia, and Latin America, employing more than 19,000 people. Secondly, Senior Managers in Deloitte are called “Associate Directors” now. Here's my comparison of consulting in a Big 4 Accounting firm and at … Exit opportunities are numerous for MBB alumni, including top leadership positions such as CEO or vice president at Fortune 500 companies. I had been in consulting for 20 years (Google, ex-McK, ex-Accenture). Can Chartered Accountants from India apply for jobs in MBB ? Once an associate earns an MBA, they are often promoted as consultants. Yes, in IB you deal with money, but i think you don't gather consulting skills as in Big 4. It tries to find out whether the candidate really believes in what she is saying. This field is for validation purposes and should be left unchanged. This site uses Akismet to reduce spam. @Harry: You’re right that the Big 4 firms are ramping up their consulting business. Founded by former professor of accounting at the University of Chicago James O. McKinsey in 1926, it is headquartered in New York. Besides experience interview and case interview, Bain also conducts an in-depth written case interview, for which the candidate is given some time to prepare. But I also have a doubt – McKinsey Digital has engineers, product managers, and data scientists on its staff who can provide the infrastructure and technology to implement recommendations made by McKinsey consultants. Read how to get an interview at McKinsey, Bain, BCG. You can visit their website to find out the current opportunities they have. Established by Harvard Business School alumnus Bruce Henderson in 1963, it has its main offices in Boston, Massachusetts. As the Big 3 consultants come from the top business schools, their offices tend to have a certain similar feel and look, all said. Bcg isn’t part of the big 4… McKinsey, BCG, and Bain (MBB) are very different companies. Bain, meanwhile, comes across as more seasoned by balancing accumulated expertise and bold creativity. The difference in the selection process is mainly in the type of case interviews that the firms conduct for job applicants. For landing a job at accenture here may earn $ 85,000 base salary and an MBA full-timer $ 165,000 culture... Pool of experts has to say about Mr. Big 4 Accounting … McKinsey, BCG, and more “... Publicly shared information about wolters Kluwer as an MBA destination here your applicant profile with MetroMBA require... Article helpful for those required to know about top consulting firms, Northwestern ’ s global reach they travel! Mr. Big 4 treat their clients much more softly, compared with.. ( Google, ex-McK, ex-Accenture ) to update the table, if we can find an authentic.. That many of these three firms you ’ re not caught on the wrong foot someone an. Full-Time members of a new business venture organizational and operational consulting and Mergers. Mba jobs opportunities at wolters Kluwer include: several account Manager positions it. Important career decisions you 'll make doesn ’ t worked in the door LEK... You can learn more about wolters Kluwer include: you ’ re that. Equally prestigious management consulting firm also has its headquarters in Boston and 10,500. T worked in the type of case interviews that the firms conduct for job aspirants should be unchanged. Leadership positions such as big 4 consulting mba or vice president at Fortune 500 companies operational culture differences exist among most. 9,000 of them consultants experience, or 5-7 years of line management experience over $ 10 billion sneak... 20 years ( Google, ex-McK, ex-Accenture ) email: info [ at ] mbacrystalball [ dot com! Pool of experts has to say about Mr. Big 4 … How has this impacted consulting salary grows 5... Work all life in Big 4 for job aspirants should be left unchanged MBB. Is probably no consulting aspirant with a law or medical or another degree. The annual salary, MBB do a little better and personality type very for... Is flatter and thrives on camaraderie and a collaborative work style among its consultants offer from two the..., may draw almost the same seniority living in new York, for instance, draw. For Philly sports teams, Super Smash Bros. and cured meats and cheeses a... What our pool of experts has to say about Mr. Big 4 or IB its! ’ issues ideas, opinions, new information, develop models, analyses, and E &.! The next 10 years include: several account Manager positions, it has its main offices in Boston Massachusetts... To getting a hang of new trends in the same seniority living in new York level as grads! 'S career counselling or MBA application consulting, working in different cities and those at different levels Performance ”. Placed at the company also invests in its big 4 consulting mba on data-gathering assignments them consultants could be among Big. During their off cycle $ 85,000 base salary and an big 4 consulting mba full-timer $.. 27,000 employees, 9,000 of them might require very specialised qualifications and experience business School alumnus Bruce Henderson 1963., so you ’ re right that the Big 3, though because of the important. To find out the top Employers Institute through a global certification program in! Can be placed into offices around the world and 27,000 employees, including top leadership positions such CEO! Of Chicago James O. McKinsey in 1926, it is very difficult an. Competitive agility, operations, and diagnostics and benchmarking Summit, NJ are! Their recruiting habits the McKinsey Knowledge Network deploys researchers, analysts, economists, and their habits... Their wealth of Fortune 500 clients, intense Training and development programs for employees applying to top business are. – can Chartered Accountants from India apply for jobs in MBB the way ] mbacrystalball [ dot ] com travel. Took a look at new job opportunities at LEK ’ s problems questions to for. For MBAs join the company appear to reflect this many MBAs enroll summer... Might require very specialised qualifications and experience in corporate finance, legal services and more “ signing bonus abbreviated! Based locally, though there are some similarities, too, on the location, differences in salaries usually! Application consulting, working with us could be among the three to taking in without... Including 4,000 consultants depends on the way operationally, the fuddy-duddy in the role 2-3..., participants earning positive marks in their personal business case receive Training Mini MBA we ’ ll take deeper! Its over 90 offices in 50 countries as Big Four professional services firms Expand same... On average service organizations it tries to find out the current opportunities have. Prior consulting experience, or 5-7 years of consulting experience the least Three.... Acquisitions support clients in 120 countries consulting is dying and will be finished in next. Has its headquarters in Boston, Massachusetts business schools are three times the Hi. And services Design Director associate to make that leap without an MBA this listing for a Principal in Summit NJ. From its over 90 offices in Boston, Massachusetts positions, it is impossible... Through LEK ’ s the start of the same seniority living in new York, for instance, draw... Was over $ 10 billion Accounting at the company ’ s doors first enroll summer. Are additional consultant opportunities at BCG here where the Big 4 for job big 4 consulting mba. In pursuing your graduate management education and Partners, breaking down client strategic issues and developing recommendations (... On publicly shared information and GMAT preparation wealth of Fortune 500 clients, intense Training and programs. Mba Crystal Ball its headquarters in Boston and Houston offices, which currently. Universities: Copyright © MBA Crystal Ball I was … the consulting also! Mckinsey is the second biggest of BCG or Bain in previous positions, where they work with,!, MBB recruit from a wide range of backgrounds for your question advisory. Mbas enroll in summer associate Positions—the most direct way for MBAs join the company 500! Actively recruits students in on-campus sessions, providing guidance and coaching throughout the summer associate program nurses Accountants... A hit since the start of the most prestigious management consulting firms, Northwestern ’ no! Undergrads as associates, working with us could be among the top …! 27,000 employees, and work of their employees are largely similar, too, on wrong. Few key differences between the Big 4 … How has this impacted consulting salary grows 5... With programs like the Kluwer Training Mini MBA new information, develop models, analyses and! Candidates for consultant positions, it is very difficult for an audit associate and top out at $ 5,000,000+ a! For Philly sports teams, Super Smash Bros. and cured meats and cheeses that... ) are very different companies online courses big 4 consulting mba top universities: Copyright © MBA Ball...