Table of Contents
What makes BCG different from McKinsey and Bain?
The organization in McKinsey is a bit more traditional, formal and hierarchal, while BCG is flatter and more collaborative. Bain, on the other hand, is effectively a mix of both McKinsey and BCG, and the employee culture is a bit more “fratty”. In terms of travel, McKinsey has the most “global” approach.
How difficult is it to get a job at BCG?
With a success rate of just 1\%, getting hired at the Big Three consulting firms does not come easy. First, you need to have an excellent academic record, excellent communication skills and exposure to a wide range of academic and co-curricular activities.
How much do Bain consultants make?
At Bain & Company, entry-level consultants may earn up to $120,000 per year, while senior ones have salaries up to $230,000 (bonuses and profit sharing included). The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000.
Why does working for McKinsey feel similar to working for BCG/ Bain?
The second reason working for McKinsey feels similar to working for BCG / Bain is that all three firms are organised in a similar way. Consulting firms typically follow a matrix organisation and have two types of practices:
What is the difference between a BCG and a bainee?
The firm has more of a local staffing model like Bain, but also enjoys an established global reach, which means BCGers are still more likely than Bainees to travel internationally so the firm can keep utilization above 75\%. At the end of the day, you will be on the road every week with all 3 firms.
What makes McKinsey different from other consulting firms?
Each office has its own culture (unlike McKinsey and its one-firm culture) and the diversity of the profiles of their Consultants is richer than any other consulting firm. A last example: McKinsey has a strong feedback culture.
What is the work environment and culture like at BCG and McKinsey?
According to Management Consulted, at McKinsey, associates “are trained to attack a problem in a certain way – no matter which global office you’re in or at what level, you can count on the McKinsey Way.” According to many, McKinsey’s culture is considered formal and “buttoned up.” As for BCG, one employee describes their experience as follows: