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Definitions please?

 
#1 Definitions please?
22/08/2008 12:12

D

Hi all,

New to this field and this forum. Have been coming across a few acronyms and concepts that keep cropping up which I'm not aware of. Anyone got definitions please?

MBBB:

MBB:

Blue Chip:

Top Tier:

Second Tier:

Thanks,

D

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#2 RE: Definitions please?
22/08/2008 12:23

MBB to D (#1)

MBBB: McK, BCG, Bain, Booz

MBB: McK, BCG, Bain

Top Tier: often synonymous with MBB (but people will differ)

Second Tier: Could mean anything, from the Big 4 Accounting Firms to people like PA to strat firms like Marakon/LEK. Usually a bit meaningless unless it is clear in the post the type of consulting (Strat, IT etc) being talked about. Even then, people can argue ad infinitum about so-called 'tiers'.

Blue-Chip - standard business term, look it up

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#3 RE: Definitions please?
22/08/2008 12:25

BBM to MBB (#2)

Let's all have an argument ad infinitum about definition of 2nd tier, we've not seen one on this forum in ooohh hours!

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#4 RE: Definitions please?
22/08/2008 12:43

anon to BBM (#3)

What about 3rd tier? Bottom of the barrel consulting firms can be pleasant places to work if you don't mind losing a few £££ in order to buy a bit more time with your family!

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#5 RE: Definitions please?
22/08/2008 12:48

D to anon (#4)

Thanks for your help MBB. Is there 3rd tier firms, what firms would this tier consist of?

P.s. I looked up 'Blue Chip' firms, no real definition or examples.

D

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#6 RE: Definitions please?
22/08/2008 13:08

Bit of a waste of time really... to D (#1)

...when you consider 'Big 4' means at least 8 companies, one of which doesn't even exist any more:

http://www.big4.com/

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#7 RE: Definitions please?
22/08/2008 14:58

Motty to Bit of a waste of time really... (#6)

Who is getting relegated this season?

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#8 RE: Definitions please?
25/08/2008 18:54

hardhat to Motty (#7)

Blue-chip is derived, and you may well not be shocked to hear this, from the expression 'blue-chip'. These were high stake chips commonly found at a Casino.

It actually tends to mean FTSE 50-100 Corporates that are large in price terms.

Sadly it is the sort of phrase that is much used in recruitment text, but much less well understood.

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