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Consultant MBB or Manager Big4?

 
#1 Consultant MBB or Manager Big4?
17/08/2015 09:28

GermanGuy

Hey!

I have been working in the financial service industry over the last years and currently seeking a new role inside consultancy...

I got two job offers:

1. Consultant at MBB

2. Manager at one of the BIG 4.

It's very hard for me to choose. What would you do? Any recommendations?

Thanks a lot!

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#2 RE: Consultant MBB or Manager Big4?
17/08/2015 09:36

Phil to GermanGuy (#1)

Consultant MBB, no doubt

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#3 RE: Consultant MBB or Manager Big4?
17/08/2015 09:39

marsday to Phil (#2)

Consultant MBB, no doubt

+ 1

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#4 RE: Consultant MBB or Manager Big4?
17/08/2015 09:43

MAK. to GermanGuy (#1)

If the Big4 is Strategy& (PwC) or Monitor Deloitte, then should think twice before accepting the MBB offer

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#5 RE: Consultant MBB or Manager Big4?
17/08/2015 09:46

GermanGuy to MAK. (#4)

thanks for the quick replies :) it's BIG 4 financial advisory (no strategy at all)...

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#6 RE: Consultant MBB or Manager Big4?
17/08/2015 11:25

mb88 to GermanGuy (#1)

Consultant MBB for sure. You should easily be able to go to Big 4 after if you wanted after your time at MBB.

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#7 RE: Consultant MBB or Manager Big4?
17/08/2015 14:01

Anon MCs to mb88 (#6)

Hi GG,

On average, the one that will give you the most future options / open doors is MBB. By far.

No matter what we have written on this forum previously re the MBB quality of work etc being same as others, having MBB on your CV can be of huge benefit in your future career.

My colleagues daughter worked at MBB for just under 10 years. When she decided she had enough (due to workloads and no life outside work), she was pretty much able to pick and choose from various offers she got. I mean quite a few and they were well paid strat roles in various institutions.

That is the power of doing well at MBB and deciding to move on thereafter. Like most things in life, it does not "guarantee" anything, but if you are good etc then it will help you immensely when it comes to your next move.

Best of luck and well done.

One warning though - if you join MBB, be prepared to work extremely hard for very long hours. Nonetheless, the benefits to CV, experience you will get and future options are very very good. As they say, the only place where success comes before work is the dictionary!

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#8 RE: Consultant MBB or Manager Big4?
17/08/2015 15:43

marsday to MAK. (#4)

If the Big4 is Strategy& (PwC) or Monitor Deloitte, then should think twice before accepting the MBB offer

and then accept the MBB offer.

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#9 RE: Consultant MBB or Manager Big4?
18/08/2015 09:03

Anon MCs to marsday (#8)

Haha Mars.

+1

Another one for you Mars;

I have been offered a Ford Focus and a Bugatti Veyron, which will give me the best and most thrilling driving experience?

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#10 RE: Consultant MBB or Manager Big4?
18/08/2015 09:46

Frio to Anon MCs (#9)

Depends, can you afford the insurance and petrol costs for the Veyron? ;-)

Out of interest what's the salary difference between the offers?

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#11 RE: Consultant MBB or Manager Big4?
18/08/2015 09:53

Bushy Eyebrow Partner to Anon MCs (#9)

Another thing you that a lot of people do, is sign up for a half-day conference in Oxford about strategy or somesuch guff, then put on your CV under the qualifications section "ABC High School, XYZ College, Oxford University - Strategic Management". I have seen this done many a time. When that happens, I'm half tempted to call them in for an interview and use them as interviewing practice for the juniors.

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#12 RE: Consultant MBB or Manager Big4?
18/08/2015 09:53

marsday to Anon MCs (#9)

Haha Mars.

+1

Another one for you Mars;

I have been offered a Ford Focus and a Bugatti Veyron, which will give me the best and most thrilling driving experience?

The Ford Focus. The Bugatti wont be thrilling because you'll never get out of 1st gear on UK roads :) The Bugatti might get you laid more though.

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#13 RE: Consultant MBB or Manager Big4?
18/08/2015 17:00

Jack Black to marsday (#8)

How many more doors does this actually open for you? I don't know anyone who works for MBB, but the guys I do know at Can, Del, PWC, EY all seem to do very well for themselves as and when they move into industry. Genuinely curious...

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#14 RE: Consultant MBB or Manager Big4?
18/08/2015 21:27

presidentbartlet to Jack Black (#13)

How many more doors does this actually open for you? I don't know anyone who works for MBB, but the guys I do know at Can, Del, PWC, EY all seem to do very well for themselves as and when they move into industry. Genuinely curious...

I was going to ask the same, 10 years at Accenture seemed to open many doors for me - I guess the question is if the doors would have led to more senior positions on the off...

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#15 RE: Consultant MBB or Manager Big4?
19/08/2015 07:45

MAK. to presidentbartlet (#14)

Enagement Manager at MBB would move on to become Directory of Strategy at a F500 (F100?). Where would the Manager/Senior Mangager from Accenture/Big4 end up with ?

Also, McKinsey is "The CEO Factory". How many F500 CEOs emerged out of Big4/Accenture Also BCG/Bain CEO numbers are not impressive. Deloitte scores here though (next only to McKinsey)

Would love to hear your thoughts :)

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#16 RE: Consultant MBB or Manager Big4?
19/08/2015 09:08

Anon MCs to MAK. (#15)

Guys,

Mars is our resident experienced head when it comes to recruiting hence will wait for his response.

Also - Coolio was approached by MBB and he may be able to shed some light.

Mars / Cool where are youuuuuuuuuuuuuu

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#17 RE: Consultant MBB or Manager Big4?
19/08/2015 09:37

Frio to Anon MCs (#16)

If I had a chance at MBB, I'm sure I would take it - I just couldn't resist a chance to see if I could survive in the big leagues.

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#18 RE: Consultant MBB or Manager Big4?
19/08/2015 10:00

Jack Black to MAK. (#15)

I don't know how an engagement manager from MBB maps to the levels of my present company (Accenture), I'll assume senior manager...

I know of SM's where I work who moved into industry as heads of xx. Does being a magical engagement manager at MBB guarantee you a director of strategy job? I suspect not. I'm sure more CEO's do come from MBB, but they are the elite, not many will make it to their level, I was more thinking of a comparison with the masses.

Not sure what the respective work-life balances are either. Assume it is worse at MBB, fewer places to hide.

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#19 RE: Consultant MBB or Manager Big4?
19/08/2015 10:02

Happy to MAK. (#15)

Enagement Manager at MBB would move on to become Directory of Strategy at a F500 (F100?). Where would the Manager/Senior Mangager from Accenture/Big4 end up with ?

Also, McKinsey is "The CEO Factory". How many F500 CEOs emerged out of Big4/Accenture Also BCG/Bain CEO numbers are not impressive. Deloitte scores here though (next only to McKinsey)

Would love to hear your thoughts :)

Where I work you wouldn't be considered for a strategy role from Big 4. Other companies may not differentiate. It is not black and white

Wrt CEOs, it is not working for McKinsey that increases your chances of becoming a CEO. It is the fact that you will most likely have excelled at every step of your life before and after McKinsey. McKinsey is just one of those steps, where you will learn some good stuff, make some useful contacts, and likely exit into a great job. But if you weren't CEO material pre-McKinsey you won't be CEO material post-McKinsey. As is the case for the top business schools, the recruitment process is selecting for people that already have 'CEO potential'

Just my $0.02

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#20 RE: Consultant MBB or Manager Big4?
19/08/2015 10:22

Jack Black to Happy (#19)

Why would they not be considered? Seems a pretty idiotic view. The person should always be viewed on what they have delivered, not where they have worked.

Great work is still great work outside of MBB. Unless your company is wanting an employee with MBB type contacts (which, lets face it, someone in a big 4 could also have), I see no reason to exclude someone on the basis of where they have worked.

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#21 RE: Consultant MBB or Manager Big4?
19/08/2015 13:39

marsday to Jack Black (#20)

MBB - its about how the metal is tested. That's what ultimately creates the CEO material. The rest is just a combination of politics and luck.

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#22 RE: Consultant MBB or Manager Big4?
19/08/2015 14:47

GermanGuy to marsday (#21)

Thanks for all the replies! Concerning the salary question: The MBB offer is about 25% higher......

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#23 RE: Consultant MBB or Manager Big4?
19/08/2015 14:58

Happy to Jack Black (#20)

Why would they not be considered? Seems a pretty idiotic view. The person should always be viewed on what they have delivered, not where they have worked.

Let me rephrase - The 'strategy team' is staffed exclusively by MBB consultants and one or two from LEK, Roland Berger etc. Jobs are not advertised, they are 'handed down' to the next generation from those same firms. It is not that someone else couldn't do the work, it is just that they are not in the right place to find out about and apply for it. And so the status quo continues

It's no different to the elite PE firms recruiting pretty much exclusively from Harvard and Stanford - there is no need to widen the net...

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#24 RE: Consultant MBB or Manager Big4?
19/08/2015 15:02

Happy to GermanGuy (#22)

To give my opinion on the actual question:

MBB for sure

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#25 RE: Consultant MBB or Manager Big4?
19/08/2015 15:19

Phil to Jack Black (#20)

Why are clients willing to pay 2/3x more for a MCK consultant than they are for a Big 4 one? Either whoever hires MBB is an idiot or, on average, we can assume that they deliver higher quality work and have a stronger background. While it is often hard to evaluate someone for what he/she has actually delivered, the firm you come from gives a strong indication on what to expect.

It is the same logic that applies to MBAs coming from Stanford or Harvard, or did you think the reason they get all the good jobs is because they know how to solve case studies better than someone graduating from Warwick (no offense, I mentioned the first uni that came to mind)?

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#26 RE: Consultant MBB or Manager Big4?
19/08/2015 15:21

marsday to GermanGuy (#22)

Thanks for all the replies! Concerning the salary question: The MBB offer is about 25% higher......

Or on an hourly rate is about 25% lower...

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#27 RE: Consultant MBB or Manager Big4?
15/09/2015 16:37

zhousi788 to GermanGuy (#1)

Hey!

I have been working in the financial service industry over the last years and currently seeking a new role inside consultancy...

I got two job offers:

1. Consultant at MBB

2. Manager at one of the BIG 4.

It's very hard for me to choose. What would you do? Any recommendations?

Thanks a lot!

I've got a friend who quit Monitor DTT as a manager and join MBB as a consultant. Just for your reference.

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