Reddit deloitte vs mbb. Consultants are generally under less pressure to perform in the strategy units Sort by: T10MBA. Generally less hours worked, generally less high burn projects for the same F500 exit opps. People make partner in ~6 years at MBB. Tech isn't some amorphous blob - it's an industry group. I have substantial previous experience in a My decision plays out in a few scenarios: -Best Case: Take on $142k in debt, go to Ross, and land a lucrative MBB/tech job offer ($150k+ salary). Bain PEG technically is the leader here, but all of MBB will get you this exit. Both interview processes are rigorous, SWE needs more specific knowledge whereas Consultants need more people skills and the ability to demonstrate and present on how you think through a problem. g. But basic trainings are often somewhat standardized worldwide. You'll probably have more folks who are familiar with the Cap One position. If you want to make it to Partner then just do IB instead. 50-55 hrs at Bain. Ops is to the investing side what support services are to client facing consultants. With Booz & Co (now 'Strategy&, formerly Booz and Co, part of the PriceWaterhouseCooper network') walking on uncertain ground, it's left an opening that Deloitte is putting significant capital behind to fill. On the other hand, bizops are not core revenue centers for tech companies and your experience at MBB will set you off to a much more rewarding path and exit into FAANG or any tech in a bizops ADMIN MOD. PwC bolstering. broader skillset. Bluntly put, it's the 'best of the rest' outside of MBB. Boston Consulting Group. I know Deloitte is really strong on skills, exposure and to some extent exit opportunities, but MBB would be especially Summer in IB. Big4 is bashed on this sub because of its comparison to MBB/IB/PE/VC/FAANG. • 5 yr. 52% KPMG: 6. They are white collar sweatshops. I haven’t tracked salaries this year, but I’d say if Deloitte has caught up to MBB in total comp for post MBA, I would take D over MBB assuming you only plan to stay 2-3 years. ”. Narrow. Sure you can argue about the many Big 4 that also go onto great MBA programs, but this isn't the norm. The Bloomberg article mentions that 2000 of the current 45,000 McKinsey employees will be laid off. A more insightful comparison would be be MBB v. Not sure about ACN. T15 School with Full Ride Scholarship and Potential MBB Offers : I’ve secured a full ride to a T15 school (think Tuck, Yale, Ross, Fuqua, Darden) and have two interviews guaranteed with MBB firms Bain: 34. If you mean competitive for resume - MBB is definitely better. Bain & Company. Nobody from MBB said anything like that, but Parthenon, Deloitte, Accenture, Simon-Kucher, etc continuously tried to lump themselves in with MBB throughout the presentation. Deloitte Strategy & Analytics (S&A) offers MBA graduates base salaries of $175,000; Deloitte Consulting offers up to $114,000; Deloitte Federal $128,000; Deloitte Government & Public Services $130,000. A unique aspect of Deloitte’s investment in their employee’s professional development is the establishment of Deloitte University. This prestige thing is overblown. But I heard that KPMG is quite big in certain locations, I. Things like salary, work-life balance, etc. Prospective student thinking about attending an M7. ) The way I read it, it looks like a regular ol' partner at McK moved over to BCG because of the opportunity to take on extra MD responsibilities (and comp). The only difference in the first 2-3 years at MBB vs Big4 is better options to go VC afterwards, but even then, not Hi yall! Wanted to get some input on how a MF PE Ops / Value Creation role (think KKR Capstone or something similar) compares to a consulting role at MBB in terms of adcom perception, comp, long-term career prospects, and maybe exit opps? For a more type A personality cap one is not it - people are legit unavailable after 5 PM, which is also a good thing. For the Class of 2022, MBB offer/starting was $175k. Partner at MBB are not the smartest of the Associates but rather the ones chasing $/prestige and are scared of making a change. -Safest Case: Skip MBA (for now) and go to Amazon/Deloitte/Stay at my current firm Dec 17, 2014 · Rather, I am interesting in (1) the skills consulting develops, (2) the exposure to a variety of industries and companies, (3) the quality of experience/projects and (4) the exit opportunities (industry and/or bschool). If you’re close to promo then I’d stick it out at least until you hit that milestone. Understand most people go to MBB but there’s been a lot of trashing on Deloitte/B4. Much better comp/promotion track at MBB. Napkin analysis of MBB at top 20 schools + Insead/LBS. That said, most firms try to be close to parity on base first year - it's the second and third year where the disparity lies. In terms of pay, the top tech companies rival your MBB and second tier consulting companies. Feb 3, 2023 · MBB is an acronym that stands for McKinsey & Company, The Boston Consulting Group (BCG), and Bain & Company. Well first, Deloitte S&O is a great practice with great people. Broad vs. An Engagement Manager with 1-2 years at an MBB will always look better than the career MBB-er Senior Consultant. FAANG: generally better work life balance, higher salary, better tech stack and technical skills. I would choose MBB over Deloitte anyday. T1: MBB T2: OW, S&, Kearney, LEK, EY-P (Deloitte S&O probably between T2 and T3) T3: B4 Non-strategy, Accenture Strategy, maybe Accenture non-strat as well T4: Everyone else Obviously this list will change based on industry/practice area/what you’re looking for, but feels right from the research I’ve done and people I’ve talked to. It all comes down to tradeoffs and how much you value WLB vs. D is lower in base but they do have the 2nd year tuition reimbursement. Maybe the path to Partner is faster at MBB, but there is a requisite raise in stress. Roughly, here’s the price points as a fraction of McKinsey’s price In NYC at least, our analysts get poached at decent rates in the second year (loose figures: ~50% of the class to MBA, ~20% to industry/secundment, 20% of the class to PE/HF/VC, ~5-10% direct promote, ~0-5% to career change). At some firms (MBB, Deloitte, Accenture), you enter and as an analyst you're not expected to specialize and can work on projects from very different industries/roles. - Best recruiting pipeline to MBB and consulting in general. Deal team or bust. However, what really attracts me the most about aiming for top-tier consulting companies is the exit opportunities that come even 3-4 years after a consulting gig (caveat: this assumes you have the chops to last that long). I’ve talked to a couple other VP’s in my company, and it sounds like most of them think I should go with McKinsey based on their historical experience working with these firms. Deloitte is not a bad option. Big perks for Deloitte and KPMG is they have their own venues for training that's like disneyland for accountants lol, EY doesn't have that - they're too busy paying fines to be able to afford tehe. There’s tons of companies that exclusively hire MBB, so you already got that part down. The pay difference is largely accurate, a bit low for both D and M though ($225-$300k for deloitte, $400-600k for MBB). Kearney is probably the single best supply chain and ops firm in the world right now, full-stop. Networking doesn't play a big role at all in recruiting for MBB (in my experience at least). Google finance is tech finance, like accounting and FP&A. Salary is probably better than MBB, but bonus is less. - Costs the most, out-of-pocket cost will be 90k + living expenses over the 2 years. For a top performer, the total comp will be less. If you are really a L5 at FAANG you should be making $300k+. In a nutshell - MBB recruit from top schools, Big 4 Culture will vary from office to office, not firm to firm. The Monitor Group still operates as a semi-independent group within Deloitte's Strategy arm. Meaning, to keep things in perspective, McKinsey is reducing its current headcount by less than 5%. Also, KPMG is dying, Deloitte S/O is shrinking rapidly, EY trying to pivot, Accenture doubling down on outsourcing because shareholders, PwC pouring money into Booz&Co/Tech to replenish the ranks (I'm assuming thats because the grass is greener elsewhere). Each of these may be more or less difficult depending on the individual. manateefatseal. Poland and Cayman Islands. Oh, and the rest of MBB. Turned down an offer to return for a full time post-undergrad MBB role because I found the IB work to be more thoughtless and uninteresting than what I had expected. 192/190k for MBB is for the Class of 2023 starting full time in 2023. Tergantung OT + bonusnya ujung2nya gaji total/take home pay (THP) bisa 12-15an Daaan mereka ga differentiate lulusan dalem/luar Big 3 MBB (McKinsey, BCG, Bain) - management consulting The variability of work at Deloitte is interesting and something that is scaring me. As a side note, I even think MBB vs Capital One is a closer decision than people here think (I would choose MBB though FWIW). They are known for their rigorous selection processes, high standards for client work, and ability to attract top B4/T4 and MBB are fundamentally different types of firms. Feb 25, 2019 · 5y. Big 4 is volume vs prestige outside of accounting. I earned some additional incentive pay, ended up all-in 2022 at $99,800 or so. That also means better title versus T2 firms on a yoy basis. Strategy consulting is a totally different game. E. It's consulting but with worse clients in worse locations. Sort by: T10MBA. Big Four firms' revenues are higher than MBB firms. Background: 3. Customer & Marketing Strategy. Hours are typically much better though (think ~45-55h) vis-a-vis the standard 55-70h grind in MBB / T2. Want people with years of execution experience to make sure your MBB-proposed $10M over 3 years digital transformation doesn't get flushed down the toilet? Ross ($) Pros: - Top ranked school with perhaps the most expansive network, liked the people I met too. This isn't really true from what I've seen at Deloitte. They earn the highest revenue among strategy consultancies and have generally been around the longest. Amazon Sr PM vs Deloitte Consulting Sr Consultant. to help consultants outsource grunt work. As there's a lot of disparity among salaries within North American Market, let's share Canadian salaries here. You can buy luxury products and eat nice food. BCG is fast catching up. It also mentions that McKinsey has grown headcount from 28,000 in 2018 to 45,000 in 2023. Parthenon and LEK are heavy on due dilligence (50%+ of cases), whereas the others above are more traditional strategy and operations consulting firms. When the new base as announced, BB adjusted their comp in September to match, and McK does it at the start of the calendar year with back pay. If you like consulting then there’s plenty of The decision is definitely not Deloitte by a million, they are both great opportunities. Tech Corporate Strategy. IMO I don't think it's that different (i. But compared to everything else you could get (99% of companies, which are never even mentioned on this sub), a Big4 job So typically in consulting you wind up in some sort of a niche - I can't speak to MBB, but even my friends at Deloitte, Accenture, etc, all wound up becoming experts in a specific industry (healthcare, logistics, consumer products, etc) - a director level role in that industry tends to be the highest paying exit opportunity. Dec 20, 2022 · The top three strategy consulting firms in the world serve nearly all Fortune 1000 companies and are commonly referred to as MBB: McKinsey & Company. AS different as MBB vs Big 4). I'd post this question in r/consulting as well. This is the whole point of my thread, why is this looked down upon by those who seem to only respect MBB. Look at exit opportunities for mbb vs B4, look at number of c-suite people in sp500 coming from mbb… it’s just a different world. 5. 93% EY: 7. Post MBA plans: MBB vs. You'll always be second class in the company. Hello all, I am curious as to the differences in the management consulting sector at IBM vs MBB. •. ). But really, 1-2 years in B4 won't make it easier to get in. 96% PwC: 7. ) you are hired for a specific industry and most of your projects will focus on that. I actually enjoyed the modeling and the camraderie among the analysts quite a bit. I would go for Deloitte S&O. Maybe you'll make more at a McKinsey than a Deloitte, but the difference is negligible if you compare to our investment banking cousins. Comp is similar between both, only difference being Deloitte will pay for my tuition ($120k) Amazon is in Seattle, Deloitte is in But it does not make it 'easier'. connections with LPs. KPMG training was decent but definitely has room for improvement. If you want balance, go for a smaller firm (500-1000 employees). As you can see, attending one of these schools accounts for over 30% for MBB, meaning school choice appears to play a significant factor in getting employed by McKinsey, Bain, or BCG. 3. However I (and many of my colleagues) would still prefer to work in FAANG eventually, though Deloitte - Audit/Tax firm Deloitte Consulting - Consulting arm (HC, Tech, S&O) S&O - division of deloitte consulting that does traditional management consulting projects Monitor Deloitte - a service line of S&O that focuses on strategy (similar to supply chain, finance, m&a etc. If you want to do CDDs/Corp Dev, LEK is great, as is S& Deals team and the TSE in EY-P. . broadly agree, but with the caveat that Parthenon (along with LEK) is a very different job from something like Deloitte, Oliver Wyman, ATK, Accenture Strategy, etc. So curious, any GSAPers who switched willing to share their stories of whether or not they found it worth it? I went back to Deloitte after GSAP and chose against recruiting for MBB despite having the MBB’s biggest recruiting pipeline are top MBA programs. Comp and future earning potential. There are literally thousands of people who join Deloitte's auditing business just for a CHANCE to work in consulting, and most of them strike out. It's not a firm I personally want to work at if I get an MBB offer, just because operations doesn't interest me nearly as much--but, it's the best firm in the world within its' chosen domain. Nobody cares about B4 ranking. Accenture vs Deloitte for b-school admissions/ I was having a conversation with a friend of mine about how adcoms view Big 4 vs other "related" consulting firms like Booz Allen, Accenture. Signing bonus is 35k, and relocation depends on how many miles you’re moving. Be careful tho, you need to be in the top programs to get a shot at the interview, although Deloitte or any other Big 4 isn’t nearly as picky as, say, the MBB firms. Meanwhile, McKinsey - the firm with the highest revenue among MBB - only made a 12. Accenture may have manager total comp at $225-$250K, whereas at MBB you're at $275K up to $325K. Which means better exit opp. Jun 28, 2019 · Most Helpful. executive presence and leadership. Most implementation consultants make the switch by doing this move as lateral hiring is a very small pipeline and you’ll just be one of thousands of implementation consultants trying to do the same thing. I work at an MBB. Deloitte is top in big 4 strategy shop. gr1m__reaper. IB: core finance skills will vastly increase ability to actually raise the capital to do any of these paths. Also want to clarify that a senior partner at Mck isn't 'regular ol' partner'. Heading into 2nd year MBA, and the call of MBB is loud. Federal consulting is a great gig for a lot of people. At other firms (IBM, PWC, etc. I think it is because KPMG is the smallest. 40% McKinsey: 32. Zero to do with Google, and everything to do with accounting. If you mean internal competition within the company among employees - There is no competition in any of these companies unless you are Hours: Bain is known to have slightly better hours than the other two. And is it easy to transition to big3 (MBB) or an investment bank like Goldman, JP, UBS or Morgan Stanley after working a few months/years in Deloitte consulting? Exit-ops for Big 4 is generally corporate/industry. Referrals get sent pass the initial HR screens. 2. Partner might clear $7-8M some years whereas BCG spreads the comp into the lower ranks so rockstars top out closer to $5M. Also, with the current job market, MBB lateral hiring is effectively dead right now. If you mean quality - MBB is better unless you don;t work with ex-mbb partners in Delloite. May 6, 2015 · Wanted to get general thoughts on leaving an MBB firm as a well performing consultant to join Deloitte's S&O practice as a manager. The Monitor Group service arm is responsible for the following: Corporate & Business Strategy. So if these things are important to you, go Deloitte. However, if street cache is what you worry about, Deloitte has more than MBB. jay50550. Why would somebody be MBB or bust? Why would you be open to other firms? If you bust, what are typically the other options? Just curious to start a discussion and hear viewpoints. And maybe selling is a little easier when you're at an MBB, but being good at it goes a long way either positively or MBB recently raised their base out of MBA to $175k. Helping to oversee large-scale business transformations or overhauls from a time, cost and resource allocation basis. Having the work I do and technologies I use be completely dictated by a client does not seem too enticing. Support Infrastructure: McKinsey has the most robust support infrastructure like research, slide-building, modeling etc. You have much better exit ops and cooler work. Although BCG will be increasing base comp - MB will almost certainly follow. It's a safe job. I thought Deloitte and the rest of b4 wasn’t so bad. Your exit is other back office ops jobs. Haven't experienced Deloitte training, but I've heard its the best. You can get there from MBB, but also from other non FAANG PM experience. PM&C) or in engineering or law. I think you would want to avoid long implementation work if you want to get into MBB, otherwise check out BCG Platinion, or something similar in McKinsey (not sure if McKinsey Digital does regular tech consulting). Not a Deloitte consultant but when going through recruiting, any firm that needed to say "We compete with MBB" seemed like they had an inferiority complex. 5 years in retail corporate strategy. Only a fraction of partners at Mck make senior partner. HBS with Deloitte Sponsorship: Deloitte will cover my tuition at Harvard Business School, but I would need to return to Deloitte after graduation. MBB + Big 4 Canadian Salary Thread 2021. McK pushes more comp up the ladder, so that rockstar Sr. In 2022, Big Four consulting practice with the lowest revenue is EY, earning 13. Government/Fed work, MBB is great (BCG Fed is arguably #1 here), but Deloitte has a great GPS segment. Everyone I've met at Kearney is smart--I mean *extremely Just here to say how many hours b4 vs MBB is not necessarily true across the board. Not talking about size, I’m talking about statements referring to them as “inferior” or “the worst Big 4. I believe if you have a full ride Deloitte will pay 50% of tuition as a bonus. If the US MBA is too long/too expensive, you MBB: prepared to be an operational leader and advisor. TLDR; If you want MBB,and location agnostic, go to INSEAD. e. Big 4 - PWC, EY, Deloitte, KPMG (mostly financial consulting/accounting) Gaji pokok under 10jt (starting from 6-7jt), tapi banyak lembur/OT. But it might give you more confidence. ADMIN MOD. What's so funny about my comment? Consultants such as Deloitte work for many of Europe's biggest companies and I'm not talking about audit and accountancy work. With the current economy, I am now not sure if I should matriculate, since I might land one of these uncoveted and terrible consulting jobs. ago. Consulting: more variety, more opportunities to improve non technical skills (presentation, leadership, selling) I work in Big 4 atm and I enjoy my job. the tier 2 firms (ATK, OW, Deloitte S&O/Monitor, RB, etc. Why someone might choose MBB is because of the comp trajectory, the positioning for well paying exits (when you want to value WLB better), and the interesting nature of the work. Deciding between Amazon Sr PM (my summer internship) and Deloitte Consulting Sr Tech Consultant (my former employer before b-school - 4 years) post-MBA. I know McKinsey folks with 40-50 hour weeks, and Deloitte and Accenture pushing 70+. Total comp $220,000. I would urge you to try to get a L6 promotion instead and leverage that for even higher pay at another company. Deloitte has a fat tuition bonus for returning interns, sweetens the deal. MBB is top tier. Toronto/BCG Toronto/HCOL) If Deloitte S&O won the project, they would have done so offering something somewhat different than MBB. MBB is roughly double Deloitte at the level before partner, and they make partner quicker too. Talent is better across the board at MBB versus the others. 82% BCG: 31. Several of my GSAP cohorts are recruiting for MBB and forgoing their sponsorship. If you're looking to get into PM, then relevant PM experience is very valuable. Big 4 and MBB historically play in different categories. Format: Firm Type: (e. Mar 22, 2017 · Also Delloite gets lots of clients from audit business. I am willing to bet people on those projects wish they were averaging MBB hours. But I’m having trouble swallowing the price point given this is such an easy project. There maybe some industry roles that I would take over consulting if they paid the same but they dont. I think valuable work experience is more impt for me than pay but 65k in austin vs 80k in SF, the austin salary seems better considering low COL. 75 GPA, 780 GMAT, 2 years experience in mid-tier consulting, 1. Better talent means better managers when you're new, and better staff to manage when you're a manager. 99%. Often that difference is offering more for less. 70% Deloitte: 9. In my experience, EY training was horrible - literally no clue what was going on. you know the drill. -Worst Case: Take on $142k in debt, go to Ross, and land a below average non-consulting salary offer ($100k salary). MBB for better transferable skills and more potential exit options. I am a CPA and with almost three years of experience with a BPO Business (I focused in tax services - PH and US). These are the three most prestigious management consulting firms in the world, often referred to collectively as the MBBs. Supposedly, the group gets paid more and is considered more prestigious. About 60-65 hrs at MB vs. Many of those going into these consulting jobs use it to get into a great MBA program and go from there (often times back into consulting). That said. 9 billion USD. Starting base All exit opportunities that exist for MBB exist for ex-T2 consultants, though VC and PE are definitely harder to attain. Deloitte undergoes global reorganization reducing its advisory and consulting business. However, if you are at an MBA, getting into PE is much, much, much harder. This $300M training facility in Texas is a place where Deloitte’s employees gather to learn and develop skills. Perks: Mostly comp. 7. A majority of people do not get into consulting and those who place at MBB after business school make around $180-200k after 2 years of being in business school. ATK is a solid firm. Hours sucked, but I knew that was coming. Cons: - Furthest away from TX, will have to put up with long-distance relationship for 2 years. The consulting, financial, and risk advisory units Consulting, 1st to 2nd year Manager, current salary $165,000 merit $15,000/9% new base $180,000 AIP $40,000/24% + $1,000 additional awards. Want to create a sick piece of strategy to bring your company to the digital age? MBB. Even after excluding returning / sponsored students INSEAD sends 278 students into consulting of which 188 is at MBB. Award. NB: conversion rate = MBB hires / total Consulting hires. Especially when we look at what % of the population attends these schools. Fees are typically much lower than the premier MBB / T2 brands so ergo comp (and comp growth) is also much lower on average. Deloitte’s culture is built on inclusion, collaboration, high performance, and opportunity. In general, MBB (particularly McK) hours would be worse. The next real transition point is at Partner. Also, how easy is it for an IBM management consultant to break into one of the big three? Any information would be appreciated as I am interning (undergraduate) at IBM this summer and hope to move into their management consulting department. better interim exit opportunities into corporate strategy and leadership roles. "Deloitte has launched the biggest overhaul of its global operations in a decade as the Big Four firm seeks to cut costs and reduce the organisation’s complexity in the face of an expected market slowdown. Tier 1 consulting (mainly strat) (MBB etc) Tier 2 consulting (more operational) (ATK, PA Consulting etc) Big 4 System integration firms (Capgem, IBM, Accenture etc) Also, Vault consulting rankings this year has Deloitte at #4 and Accenture #11. You can become a millionaire and get a house and raise a family. Depending on the firm and location, a healthy work-life balance for consultants is more achievable in some Big-4 strategy units than it is at MBB. 5 billion USD revenue in 2022. That said, with 5 years of work experience, now might be a good time to do an MBA. PE/IB if you care about nothing but making the most money. What role/company are you looking for in tech, or are you just hopping on the Deloitte vs SGV (Philippines - Consulting / Assurance) I am trying to choose which firm to apply to. I’m curious to know some of the pay differences between the MBB firms and the T2 consulting firms. Jan 8, 2014 · Distinctions between Monitor Group and Deloitte S&O. Not sure if Accenture Strategy has matched yet but it's likely coming. Comparing MBB and Big Four firms by revenue, 2022. It's pretty common to see banking analysts go into consulting after a year or two on the job, alongside other recent graduates who have been working in generalist roles in government (ex. I am applying to M7 schools and thinking about what to put as my post MBA goals - I could see myself applying for MBB or corporate strategy at a big tech company. 2023 Base: $105,000 with continued incentive pay for supporting my current client with a bump to $110,000 base whenever I finish at my current client. ) will overtake MBB, that seems foolish to me. MBB or Big 4 or if Other please mention name) Market/Office: (e. 1. Pick Deloitte Strategy. The most common path is to switch to "industry" rather than client services, either in a strategy group or a strategy-oriented role within a different functional area. BCG has flatter comp going up the ranks; new partners start at $900k-1M; McK somewhat lower. USD vs CAD is like comparing apple to oranges. It doesn't have the same street cache as some of the other firms (that is, cache to a person who is not familiar with consulting). Likely that the average MBB exits are better. If you think the strategy arms of B4 (monitor, strategy&, Parthenon etc. Work-life balance is dependent on the project you're on. Reply. Jan 22, 2024 · MBA salaries for the Big Four accounting and professional services firms remain lucrative and Deloitte consultant salary prospects are no different. After my post, I learned that bonuses this year would be capped at 3%. From what I've seen, ATK does a lot of supply chain / procurement / logistics work. This leads to a conversion rate of 68%. Jun 14, 2023 · Compensation for consultants is less generous in the strategy teams of the Big 4 than it is at McKinsey, BCG and Bain. A 6YoE partner at McKinsey will compete for the same exit opportunities as a 6YoE principal at Bain. T2 will probably try and match. S& and EYP have true premium management consulting legacies with many partners that have come from MBBs. VodkaRedBull: You don't advance at a firm like Deloitte by being a "real smart cookie", you advance by grinding more / being willing to sacrifice more. ib ti ny yi jc hx tz lv vl jn