Mbb vs deloitte. Deloitte analytics/MBB) that keeps my options open.
Mbb vs deloitte Choosing between McKinsey & Company and Boston Consulting Group (BCG) can be pivotal for an aspiring strategy consultant. 10 Differences between MBB and Big4 firms . vs. once you have that experience you shouldn't have a problem getting into a top MBA program and MBB or PE afterwards. Unless you have offers from both firms, it doesn't really matter anyway. But their revenue and headcount number online show increase. I can't speak to MBB, but even my friends at Deloitte The UK Consultant salary at MBB firms ranges from £90,000-£97,000. An MBA is broad, whereas I'm starting to really build depth in my area. I've seen a few McKinseyites join Bain, and a few BCGers and Bainies join McKinsey. https://lnkd. deloitte. Though, it Deloitte will get you exposure to different industries and potential sponsorship. If Deloitte, EY, PwC, and KPMG, are collectively called the Big 4 of Accounting, and with their consulting arms, they play a major role in driving global consulting projects, especially around implementation and transformation. You are currently posting as works at . deloitte Reply reply More replies More replies. Demand for MBB is greater than demand for Deloitte, therefore MBB can charge higher prices than Deloitte. Strategy& in Europe is very strong, in Germany they pay much more than the market and grow fast. However, The basic difference between MBB and the Big 4 (Deloitte, E&Y, PwC, and KPMG) is that while MBB provide strategic management consulting, the Big 4 focus on accounting. If you'd like to learn more about how Deloitte (and the other Big 4 firms) compares to the MBB firms, check out our MBB vs. However, MBB typically does more of the high-level strategy work. Discover key differences between MBB and Big 4 consulting firms. 85 hours. Best. Your interview process with Deloitte will depend on whether you're applying as If your main exposure to consulting is this subreddit, you would get the impression that people at MBB spend all day talking shit about other consultants/firms or that people at every other firm spend all day fantasizing about MBB or pretending to be at one of those firms. in/e8i4K5F6 Accenture Rankings. However, these As there's a lot of disparity among salaries within North American Market, let's share Canadian salaries here. e. Ask any questions on your management consultant career! Consulting Consulting. Response 1 of 7: We compete with Deloitte and Accenture plenty on big digital things. That said, to answer your question, the general board consensus at this time seems to be Deloitte is a hair better than PwC. 3 reactions. reReddit: Top posts of January 2023. That said. Monitor Deloitte vs. 2 so i got fucked anyway but still 3. There are a lot of folks who go from big4 to MBB. To get into an MBB target school, you 1) MBB seems to go after 3 years vs. However, salaries are set to stagnate in 2024 as many firms, including the Big Three, have opted to keep MBA consulting So depending on career tract, if I was choosing between, say, Parthenon and Deloitte S&O which are on similar planes, Parthenon may lead to exits in M&A, which deloitte would lead to more strategy roles? Reply. You are currently posting as Deloitte 1 I'm interested in leaving Deloitte for a role at Accenture in Strategy consulting. MBB or Big 4 or if Other please mention name) Market/Office: (e. Explore career paths, compensation, work-life balance, and how to choose the right firm. They are a smaller group and can charge up even more than Deloitte but in terms of prestige and exit opps into MBB, if MBB is considered Tier 1a, EY-Parthenon is tier 1b in a class of its own while Deloitte is is at Tier 2a. MBB is roughly double Deloitte at the level before partner, and they make partner quicker too. Posting as : Deloitte 1. I have an offer from Deloitte for an Consultant role. The segmentation of the management consulting industry is blurring as Big Four now compete head-on against the MBB. From a corporate perspective, exit ops are pretty similar. Few questions: Is there hybrid working/WFH Deloitte is only strong if you're looking at the US market. Deloitte Consultant salary (Undergraduate, Junior-level) Base: $81,000-113,000. The most notable I am a recent graduate from a school with a top CS program, and I am choosing between government work to start and federal consulting. people who have moved there to continue their consulting careers but this has normally been within Response 1 of 15: The pay has to be higher, how else do you expect to attract experienced people to becoming analysts again? However, once you consider things like retirement match and healthcare costs (US here) plus the significantly slower promo trajectory and dearth of exit options, I’d say it’s a significantly less attractive option. In addition, there are the Big Four firms (Deloitte, EY, PwC, and KPMG). Through a series of profiles, the paper showcases how six Deloitte professionals have connected their pro bono Monitor works on pure play high level strategy, the others do strategic implementation or strategic transformation stuff. The firm is consistently ranked as the fourth most prestigious consulting firm (after MBB) and has more than 415,000 professionals worldwide. But compared to everything else you could get (99% of companies, which are never even mentioned on this sub), a Big4 job sets you up fairly nicely. Posting as : Currently about 6 months in at a highly regarded Boutique/T2 type strategy consulting firm. 75 is a cut-off for an econ/fin major at an MBB; however, I think a 3. In your experience, how common is this? MBB will avg 65 hours. Controversial. Within MBB firms, McKinsey is the most prestigious and well-known, both inside and outside the industry. AMA - MBB AP/Partner, got put on PIP, quit and joined client Same difference between Harvard (Deloitte) and Ohio State/Michigan State/Penn State (MBB). I’m at Monitor and our WLB is much worse than Deloitte I did land an interview with Deloitte with a 3. It even beats MBB & other tier 2 players in some areas. You are currently posting as works at Deloitte. Sort by: Best. The are not necessarily the largest firms, but the firms with the most From that perspective, I'd imagine you wouldn't learn a whole lot more at MBB than Deloitte strategy (assuming it's commercial strategy, not tech strategy). It means it’s lonelier and harder to develop strong bond and connections, which are extraordinarily valuable in getting staffed & feeling tied to your work probably others than aren’t coming to mind. Nature of the work - The Big 4 are traditionally accounting firms, which now provide a wide range of professional services including audit, financial advisory, tax, legal and consulting. Just perform well. Hi All, I currently work at Deloitte and have been contacted by a recruitment consultant for an opportunity with ADL. Careers/Post Grad from the work Deloitte, Accenture and the long tail of other firms get hired to do. The firm itself is not bad at all and is a great place to start your career. Monitor Deloitte does exist, it’s a brand that is outward facing for clients, internally it’s no called strategy and business design that sits with SAMA. For MBA students, the big names such as MBB, the Big 4 of accounting, Accenture, and A. MBB? Pros and cons. Source: 4 years at Deloitte and 5 years at Amazon Management Consulting Forum. 2024 Management Consulting Salaries Overview; Deloitte Government & Public Services: $33/hour Ernst & Young (EY): $39/hr EY-Parthenon: $45/hour + up to $3,000 signing bonus FTI Consulting: $16,150 A major difference between the MBB and Big 4 is, while MBBs are restricted to management consulting/advisory, Big 4 typically do 3 things – accounting/audit, tax and consulting/advisory. Management consulting is This is a comprehensive comparative article on McKinsey vs. Handing out the biggest paycheck for students of business masters degrees is the Bain internship, where students can expect a whopping salary of In this post, we compare salaries across Australian consulting firms. Thousands of discussions with management consulting analysts, associates, vice presidents and managing directors. A major difference between the MBB and Big 4 is, while MBBs are restricted to management consulting/advisory, Big 4 typically do 3 things – accounting/audit, tax and consulting/advisory. I'd post this Response 1 of 12: I’d put it at MBB>>S&>>>>Deloitte S&O>>PWC Deloitte S&O isn’t real anymore, just strategy and then you fall within an offering portfolio (e. Better brand name and while you’re taking a short term financial hit, in the longer term the higher pay at MBB across the ranks (in consulting) should balance this out but that’s just my take (there’s obvs other considerations but as your post was more comp focussed, I’ve kept this comp focussed) MBB vs. If you are seeking wlb then stay at Deloitte, however if you are seeking to build your brand then I’d suggest spending time at Bain. Up until recently, Deloitte consulting paid more than MBB at the IC level (analyst and post-MBA associate). Once you’ve done this, you’ll be leading your own projects, managing your own teams, and developing your career in whichever direction interests you most. The Immigration team seems very slow in getting the H1B Transfer done (been close to a month and LCA not yet filed) I wanted to know how Deloitte is Pro Bono + Inclusive Leadership. One_Indication_9059 • I'd differentiate between domestic vs international students (who want to stay in the US). Response 1 of 14: To be honest I’d probably still take MBB. My major wasn't CS, but I took lots of CS/data science-related courses. That being said Deloitte Consulting doesn't recruit at MSU at all and you have a slim to none chance of getting in. I have not observed a significant difference in exit opportunities between my old firm and BCG. The difference in quality between MBB and Deloitte is less apparent on easier projects; Deloitte can do them to a similar MBB. Then there are those that gun for MBB but bust one and opt out of consulting all together. With some intense interview prep, I was lucky enough to land a position at Deloitte as a human capital consultant for next September. That said, Functionally the biggest difference is price in the market. It varies much more by individual than by firm 2. Moved to Seattle and feeling very lonely lately. Big4 is bashed on this sub because of its comparison to MBB/IB/PE/VC/FAANG. PM roles are sometimes much more selective than MBB, and unless you have the right mixture Potentially receive a return offer from MBB upon graduation. This 20 hours difference means: 1. if you are not able to transfer you can always do an MBA with 3-5 years of BTA experience. However, on paper they seem to be From the Big Three management consulting firms—Bain, BCG, and McKinsey—to the likes of Deloitte, EY, and KPMG, consulting firms are among the largest recruiters of MBA and business master’s graduates, When it comes to the world of consulting, the showdown between MBB (McKinsey & Company, Bain & Company, and Boston Consulting Group) and the Big 4 accounting firms (Deloitte, PwC, EY, and KPMG) takes center Tier 2 consulting firms include Deloitte, Strategy& (PwC), LEK, Oliver Wyman, EY-Parthenon, Accenture, AT Kearney, and Roland Berger. The strategy work is all growth oriented, which is also more interesting experience in my opinion than what you get at Deloitte. At MBB, they rarely hire an experienced person straight to manager or partner levels. Network wise MBB will always be tighter knit and much more helpful than Deloitte or other consulting firms. For both MBB and Deloitte S&O, exiting into internal corporate strategy at top companies is very common. ACN and BCG are the only good options Welcome to r/Big4, a place to discuss everything related to the Big 4 accounting firms: PwC, Deloitte, EY, & KPMG. MBB firms, established leaders in the consulting industry, The three consulting firms widely regarded as constituting the Big Three, or MBB, are McKinsey & Company, Boston Consulting Group, and Bain & Company. MBB Response 1 of 12: Ex Accenture and Deloitte, friends at BCG. Deloitte Consulting in the UK pays its consultants £91,000. I tried different activities and some meetups How often does MBB offer to cover all of tuition cost post graduation for students who have full ride from a form like Deloitte are ending T10 school? EY vs Deloitte Internship Decision comments. Usually they combine their expertise in other areas (IT, finance, transfer If you look at the number of people who went to MBB with cross offers from Deloitte, vs. You are currently posting as Deloitte 1 I have heard Deloitte cut recruitment and had layoffs this year. 5B in annual revenue. If I don't secure an MBB offer, I might end up at Deloitte as a business analyst (shitty salary where I live). big 4 vs. Broad vs. All of them have grown to be multi-billion First things first - for you the applicant, the most immediately important differences between MBB firms are in the selection processes which you will have to make it through to land a job with them. You are currently posting as EY 2. T. The are not necessarily the largest firms, but the firms with the most I went from a T2 to MBB and recently exited. For MBA students, the big Arthur D Little vs Deloitte. Despite being Response 1 of 6: Depending where in Tech, you’ll make more than MBB. If you’re making 90-100k now with an easy work life balance and then only bump up 10-20k for that compared to As there's a lot of disparity among salaries within North American Market, let's share Canadian salaries here. 3. Deloitte vs MBB (Originally Posted: 05/14/2014) Hey, can anyone speak as to how selective Deloitte is compared to MBB when it comes to Junior undergrad internships? It seems like from what I've read that in order to get an interview at MBB you need a very high GPA, a brand name sophomore internship, and strong extra curriculars. Big 4 has a more diverse recruitment process, and they recruit from a wider range of schools. The "Big 3" consulting firms (McKinsey & Company, The Boston Consulting Group (BCG), and Bain & Company) are considered to be the most prestigious and highly respected management consulting firms in the world, known for their rigorous and data-driven approach to consulting, and their ability to help Real difference from an employee experience is the talent models. SWE at FAANG+: 1: 6h +9: Advice on situation with boutique consulting firm: 1: 1d +9: BCG Chicago vs. Consultant) Accenture offering Consultant level (next level in Accenture will be Find out more on Deloitte Consulting vs Accenture Strategy & Consulting in Europe on the PrepLounge Consulting Q&A forum. These firms have the biggest name clients and charge the highest billing rates. If your able to get an MBB offer (or even T2) the work, pay, and exits MBB gets hyper lucrative if you are willing to grind it out to AP/Partner level, but few make it that far. And, to be honest, there’s not that much difference Besides the MBB consultancies, many popular consulting firms like PwC, Deloitte, Booz Allen Hamilton, and Kearney offer lucrative packages and career development When discussing the similarities and differences between Deloitte and BCG, it's important to strike a balance. Secured an interview with only one MBB (I did my best, but it seems like a rough year), and I'm 90% sure that I'll be interviewing with Kearney (not official yet, but from the chats I had seems like it will happen but who knows). t2 goes after 4 years. t2 has a 10-20% acceptance rate at HS and 40 Congrats on the offers! Given your expressed interest in MBB and b-school I'd say you should accept Deloitte S&O. If you are seeking wlb then stay at Deloitte, however if you are seeking to Step-by-step case interview preparation guide to help you get offers from top management consulting firms like McKinsey, BCG, Bain, Deloitte, and more. 6 in any STEM major would be plenty, especially for a company like EY At the infamous M7, historical employment reports appear to convey that - out of all those who land in consulting - about half will end up at MBB. There is certainly crossover but MBB is generally better at strategy and Big 4 better at So I worked for Accenture over this summer, and during full time recruiting I got offers from two of MBB and two of the Big 4 (E&Y, KPMG, PwC, and Deloitte). ATK, and certainly a far cry from the likes of Deloitte S&O and any of MBB) and area of focus (historically big on Education The Big 4 is the name given to the four biggest accounting firms in the world. But tbh breaking in is hard and you’ll have to be willing to take on some risk with the current market. Cons: The MBB offer is not guaranteed. Download Deloitte Asia Pacific Private Equity Team’s 2024 Almanac which provides detailed analysis of the Private Equity market trends in 2023 and the outlook for 2024. 6 Comments. Exit ops fairly aligned. The only difference in the first 2-3 years at MBB vs Big4 is better options to go VC afterwards, but even then, not everyone will get it. When it comes to the world of consulting, the showdown between MBB (McKinsey & Company, Bain & Company, and Boston Consulting Group) and the Big 4 accounting firms (Deloitte, PwC, EY, and KPMG) takes center MBB vs. Reddit . You wouldn't get the same exit opportunities as MBB but still, there are plenty of good exits from Deloitte. MBB is the safer option- they are more recession proof, they have strong names that won’t water down, and you’ll be able to move in a year or two into a solid industry role if it’s not for you. 2. Thoughts on joining MBB pre vs post MBA? I have the opportunity to lateral to MBB now but will have to reset tenure to fresh hire. It is ranked #268 in the Fortune 500 (2022) and the second-best company in the world in the Diversity Inc Top 50 Companies list from 2021. non-MBB (all are former consultants), so in this particular case, not having MBB on the resume was not a major handicap. I've just never run into that. ATK, and certainly a far cry from the likes of Deloitte S&O and any of MBB) and area of focus (historically big on Education SC1 that may be true, but the analogous statement is that most people working at MBB aren’t solving the most pressing problems for the most important companies in the world 😂 whether or not someone thinks the day to day job is cool seems dependent on the person, and is a different question. Jokes aside, all do implementation and assessments (aka strategy and high level planning). Demand for MBB is greater because MBB are better. Sleeping 3 hours less every week day (think 4 hours/night instead of 7) 2. Elsewhere it is pretty much tier 3, in Germany and Europe nobody wants to work for Accenture and Deloitte, at least not if you're MBB caliber but didn't get a shot there. The top 3 management consulting firms are McKinsey, Bain, and BCG, known as MBB firms. You can have more money at an earlier age to live off of investment income. PM roles are sometimes much more selective than MBB, and unless you have the right mixture Between Deloitte KPMG EY and PwC consulting are salaries more or less similar? Like. Ask any questions on your management consultant career! Technology) in most geographies & specially in UK & Europe. ) Have heard it’s hard to transfer internally from PWC to S& but someone could deff speak better to that. I think the pay gap grows over time starting at manager. The lower levels is where there’s more variance. 1 reactions 6Y. The key 6 differences between working as a consultant at Partner in MBB vs. Having said that I likely would not have landed the The main difference is that you are responsible for overall business performance for a business unit / division / region in a P&L owner / GM role. According to their own financial statements of 2022, they have a 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. HCOL, MCOL, LCOL - further examples below) remote - Deloitte seems to be more WFH than MBB at least compared to my friends there. The key differences between the Big Three (McKinsey & Company, Boston Consulting Group, and Bain & Company) and the Big Four consulting firms (Deloitte, Therefore, this article will compare the MBB and the Big Four as two universal entities under five notable criteria: Size and prestige, Area of focus, Compensation, Career opportunity, and Culture. Like Reply. 55 is a good amount for a lot of these You will not learn strategy or the business as you would at MBB, you won’t learn finance and capital raising as JPM - and the exit opportunities will not be as great as either of those. incoming MBA/PhD at MBB base here is 175/175/190, but the MBB has taken over a share of people going to IB, tech took the other share. There are a few key differences between the Big 4 (KPMG, EY, Deloitte, PwC) and MBB. These are different areas - tech vs strategy. Deloitte Rankings. Deloitte Legal: Providing legal support an advice to our wide range Deloitte is a great company to work for depending on your interests. 7Y. BCG. people who have moved there to continue their consulting careers but this has normally been within 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. Tech has Maybe your experience differs, but I’m sure there is an overlap in the candidate pool between Big4 and MBB. Sometimes B4 teams are better than MBB teams they work alongside. And in specific industries 𝗙𝗥𝗘𝗘 𝟯𝟬-𝗠𝗜𝗡𝗨𝗧𝗘 𝗖𝗔𝗟𝗟 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗼𝗿𝗺𝗲𝗿 𝗠𝗰𝗞𝗶𝗻𝘀𝗲𝘆, 𝗕𝗮𝗶𝗻, 𝗼𝗿 𝗕𝗖𝗚 However, if you are not at a MBB target school, you can still get a job at an MBB firm, albeit navigating the path requires a bit more grit. Capital One BA . Format: Firm Type: (e. MBB has better prestige outside of tech circles but idk if you wanna be working for those old dinosaur companies. A new paper developed in collaboration between Deloitte and the Taproot Foundation ― Pro Bono + Inclusive Leadership ― examines how pro bono service is emerging as an impactful growth opportunity for cultivating inclusive leaders. If you have doubts about the fringe benefits offered by Big 4 vs MBB – or Deloitte, PricewaterhouseCoopers, EY and KPMG versus McKinsey, BCG or Bain. There is no chance of ending up on a long term implementation project, which happens at Deloitte. But you may have to work a little harder and be From the Big Three management consulting firms—Bain, BCG, and McKinsey—to the likes of Deloitte, EY, and KPMG, consulting firms are among the largest recruiters of MBA and business master’s graduates, offering impressive six-figure salaries. 1. & Deloitte S&O (Originally Posted: 11/06/2011) Hey guys, Just wanted to see if anyone had any opinions on choosing Booz and Co. McKinsey and BCG pay £90,000 and £93,000 respectively. Deloitte consulting is an elite, Prestigious, high paying role The top 3 vs the big 4 consulting firms is an interesting comparison. Yeah 90-110 vs 180-190 is not in the same ballpark 🤣😂 Also, I’d be curious to see some more of the additional career steps or places to see that. Its a top notch tax and audit firm and they have a strong consulting practice that while it isn't MBB is still well respected. Open comment sort options. 15 Comments. Currently at Consultant level in Deloitte (next level in Deloitte will be Sr. 55 is a good amount for a lot of these guys. you know the drill. The Big Three firms—McKinsey & Company, Bain & Company, and Boston Consulting Group (BCG)—are renowned for their high starting salaries, and their internship programs are no exception. However, many of the summer interns at Deloitte are re recruiting for MBB full time. Posting as : EY 2. 2) MBB has 30-50% acceptance rate at HS, and 60-90% at the rest of the M7 vs. We’ve surveyed recent hires by firms like Bain, BCG, McKinsey, Accenture, and Deloitte and can tell you. Curious on how much bigger pay is at MBB vs Big4. First things first - for you the applicant, the most immediately important differences between MBB firms are in the selection processes which you will have to make it through to land a job with them. But really it depends on what your long terms goals are. If you want to get paid in consulting when you leave university in the US, Differences between MBB firms. What this means is often more exposure to senior leadership at clients, more "this is the In my experience, the big 4 tend to offer consulting services on a more operational, less strategic level. Monitor Deloitte does exist, it’s a brand that is outward facing for clients, Same difference between Harvard (Deloitte) and Ohio State/Michigan State/Penn State (MBB). Now, C1 TC is higher, at least in some geographies (and potentially all). Consulting was never something I considered or really new anything about until this fall. These data are sourced from the Australian Financial Review’s Consulting Salary Guide, 325 Consulting Salary Guide, Glassdoor, and LinkedIn Depending on the business area you join, it takes between 15 months and four years to complete your apprenticeship. The top 3 vs the big 4 consulting firms is an interesting comparison. Reply reply If MBB is your end goal, go with EY-Parthenon (only if it’s the Parthenon division). 2) Deloitte Consulting as a whole has done a great job positioning itself in the marketplace. MBB also has a more rigorous recruitment process and focuses on top universities. The pay is significantly I did land an interview with Deloitte with a 3. You are currently Monitor works on pure play high level strategy, the others do strategic implementation or strategic transformation stuff. If you want to do CDDs/Corp Dev, LEK is great, as is S& Deals team and the TSE in EY-P. Deloitte's info session was a mess compared to MBB. The most notable difference is in the type of case interviews conducted: McKinsey uses a candidate-led approach, while BCG and Bain opt for an interviewer-led cases. MBB: Management Recruiting for MBB FT this Fall!- The people who say it's trash compared to MBB hold MBB in too high of a regard. Hope this helps. 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. Pay is different, “promotability” is different, going up ranks at different time frames and to different senior titles. Just check out LinkedIn profiles and you'll find data to support my prior statement. I didn't like the other non-MBB I interacted with, so I hope to do well with these two (potential) interviews. Toronto/BCG Toronto/HCOL) Deloitte to MBB . Deloitte to MBB is just as big of a chance as any other school to MBB after MBA. Old. Similarly, there is very little MBB can get you that Deloitte cannot. In Response 1 of 28: Obv im not MBB and I’m not a PPMD, but here’s my perspective: The edge that MBB has is you make PPMD a lot faster. The Big 4 is the name given to the four biggest accounting firms in the world. It's all about getting the right MBA, after that it doesn't really matter as far as companies that are in the same league. Deloitte interview process. MBB gets hyper lucrative if you are willing to grind it out to AP/Partner level, but few make it that far. Few questions: Is there hybrid working/WFH MBB hires the smartest people, pays the highest compensation, and has the best exit opportunities. Parthenon is not all of EY’s Interesting. McKinsey, Bain and BCG are, unquestionably, the top three consulting firms in the world. profit / loss at the end of the year) is your main KPI. New. Firstly, recruiting for MBB is very different in Australia compared to elsewhere. 4Y. You can probably retire twice as fast though MBB. All of them have grown to be multi-billion-dollar firms that employ hundreds of thousands of people across the globe. At other firms (IBM, PWC, etc. In this economy, be happy with Deloitte Strategy. Also need to consider that digital work used to be the bread and butter of Deloitte/Accenture - is playing here really a good thing? The bigger practice area gap is probably public sector, which is a major growth driver for McK and BCG Network wise MBB will always be tighter knit and much more helpful than Deloitte or other consulting firms. I was wondering, which is the best for tax? As well as, which has the best work life balance? View from the inside: how I view MBB vs Tier-2 boutique vs. I've learned a lot post-MBA specific to a couple specific domains where my projects have focused. ACN and BCG are the only good options The Big Three. I was wondering if anyone here has experience with or know someone who has moved over to MBB after 1 or 2 years at Deloitte (or comparable firms). Talent is better across the board at MBB versus the others. Top. But in general MBB partners are very strong and carry the weight None of the big 4 consulting arms are that far inferior to Accenture 's management consulting group (MBB considers Deloitte S&OP a significantly larger threat and we definitely Accenture Strategy and Deloitte Consulting feature in the Top-5 list of the top consulting firms/recruiters, edging out American firm A. The distinction between the MBB and big 4 consulting firms is pronounced, primarily due to their foundational services and market focus. Booz is specifically for the Energy practice (and therefore based out of DC, though they are supportive of living in NYC), while Deloitte is for NYC. This is the result of their early and continuing success in maintaining extremely high standards in recruitment and project deliverables. Quiz: Which MBB Is Right For Me? Shop; Search. Projects will likely be the same between both. MBB has more partners with advanced degrees such as MBAs. I know it’s more, but my salary growth has been quite quick. Read more: MBB Consulting When comparing MBB (McKinsey, BCG, Bain) and Big 4 (Deloitte, PwC, EY, KPMG) consulting firms, both have established themselves as top players in the consulting industry. Top Posts Reddit . The differences between MB and B are minuscule compared to their differences as a group with T2 or Big 4. These three firms are among the In the 2020 ranking of best consulting firms in the world, American careers website, Vault, ranked McKinsey 1st, BCG 2nd, Bain 3rd, Deloitte 4th, EY 7th, PwC 8th and KPMG In reality, not much worse - there's a lot of overlap, but as usual MBB tends to have a slight advantage. Early Career (0-5 years) - Consulting, you'll learn way more working with a wide range of clients and tools . Deloitte S&O. Close Table Of Contents. Like. Besides a higher base pay (at McKinsey and Bain), Compared to MBB firms, a Deloitte consultant might only be able to earn half of what a MBB consultant So depending on career tract, if I was choosing between, say, Parthenon and Deloitte S&O which are on similar planes, Parthenon may lead to exits in M&A, which deloitte would lead to more strategy roles? Reply. Working for a smaller firm isn't one of the options. Have skills in messaging, product launches, and sales and enjoy diving deep on my personal investments (all public companies beyond a few RSUs). Right now, I'm I've accepted an offer from a T2 consulting firm that I'm so excited about (the people I've met seem awesome/it was my first choice in office/and I'm convinced I'm going to learn a lot there. Rankings My take is there’s a mixed bag of quality from all firms. Deloitte has solidified itself as the number 4 player in consulting, and is beating MBB pretty frequently in project bids. Oh, and the rest of MBB. Their exit opps are going to be very similar to MBB and you'll have a lot more choice for your next job than you woulld in a corporate finance role. We compete against EYP, LEK etc in the PE space often. I am hoping to choose a path (gov't vs. In this article, we’ll provide: An overview of management consulting salary data, Management consultant salaries for undergraduate and Master’s degree full-time hires, e. Mid to Late (5+ years) - FAANG, it's a horrible place to start your career cause development programs are lacking, but it's a great place to build your career and bank account, once you know what you're doing . Better talent means better managers when you're new, and better staff to manage when you're a manager. 5 Comments Share. You will always find tier 2 firms willing to hire you after tier 1 experience. Includes case From the client perspective: For C level strategy work, many execs still go for the MBB seal of approval so def not in the same league. Big 4 guide. When I started my career 4 years ago (albeit, in Deals / M&A Advisory / Corporate Finance and not in Consulting), it was commonly agreed that Deloitte S&O / Monitor was the most elite among the Big 4. While these firms have strong brand recognition and prestige, their reputation is a step below McKinsey, Bain, and BCG. These firms, known as MBB, serve Fortune 500 companies and offer competitive Can you back up that claim with actual figures showing how MBB pays double of Deloitte at the manager level and above? I doubt the difference is anywhere as large as you claim. 03 so definitely put your gpa on there. McKinsey & Company: The oldest and largest firm out of MBB has over 30,000 employees, 130+ offices around the world, and $10. All three MBB firms pay a higher salary for its consultant compared to Deloitte. However, what happens when one reaches the partner McKinsey, Bain, and BCG are top strategy consulting firms with low acceptance rates. Downside is MBB seems close to up or out at every level, so The one comment I can make is on the group that I am joining at the retailer, which is that is about a 50/50 mix of MBB vs. MBB has top talent whereas Big 4 has a wider range of talent. If you think the My take is there’s a mixed bag of quality from all firms. Most big projects now will likely be related to S/4 migration anyway. So if these things are important to you, go Deloitte. ) Accenture is very much just tech consulting while Deloitte has its hands in a lot more areas. The mix varies between D and MBB. S&O someone please explain this nonsense Share Add a Comment. ’ However, the client base and work-life balance are better at EY, PwC, Deloitte, and KPMG. And this supports my argument about project differentiation. There's been multiple signs that S&O over hired / work is slowing down, so that is another factor beyond prestige. One exception is health and finance but you don’t need MBB to break in these. Deloitte Consulting vs. Is this accurate? How does it compare to other firms? For context I’m a manager making ~215k in base, bonus last year was 50k, and going up for SM this year. If you have doubts about the fringe benefits offered by The reason why MBB is called MBB and Tier 2 is called Tier 2 is because the firms in the same tier are largely comparable when you get down to it. But as a consultant you will be advising and recommending solutions, some will be implemented and some will be shelved. In 2022, Accenture was ranked as the 6th best company to work for, which is an impressive shift from the 2021 rating, where it was listed as 44th. You will always start at entry-level positions in the traditional consulting track and gradually climb up your career ladder. ranking of best consulting firms in the world, American careers website, Vault, ranked McKinsey 1st, BCG 2nd, Bain 3rd, Deloitte 4th, EY 7th, PwC 8th and Discover key differences between MBB and Big 4 consulting firms. Supposedly, the group gets paid more and is considered more prestigious. ) you are hired for a specific industry and most of your projects will focus on that. A few thoughts: 1. Others like our pal at Stanford will end up at Deloitte. Reply reply QiuYiDio • (MBB) versus the value of getting your MBA paid for (Deloitte). K0V³ g&í1xFVwƒBé_Ø qF ‘Å} »–¸} }å]ÒØ8!¢ˆ5 äc v¸²™ Î7›Åcu }&v„ô¸ž}'lµ‚qÏß™Œ ݦÿãj& wf«Ç ? t ébä !€„4z7ëÊF± vƒ^è ˆ ó’àê4‚ &ª¸×û U Ýé}*#´‰Ø ŠÚpxâA ç V &Í^ý£Ñ“ÐìAJG NF ‡ L–§q¾ ` Ñ·\^t7 iÆçƙ̆;¢ôÁ Ÿ—‡N#ÈÙ"ñóp z È-ˆ *N T[ /Ý boutique vs. 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). I know Deloitte is really strong on skills, exposure and to some extent exit opportunities, but MBB would be especially stronger on the quality of experience and the exit opportunities. Quote. For more op model, cost reduction, Similarly, Deloitte pays $79k to newly hired graduate consultants while EY and PWC both pay $75k. ? Just trying to figure out if it makes sense to go all out for MBB, or if taking a job at some other consulting firm is pretty much the same in the long run. McKinsey Chicago: 4: 2d +9: Berkeley Research Group thoughts: 2: 2d +8: FTI Summer 2025 Timeline: 7: 4d +6: Consulting internship from non-target : 2: 1d +5: Incoming Mckinsey SBA, Q&A: 4: 11h +5: How ruthless is up and out at MBB for Accenture is still an absolute behemoth & from a "buy side" perspective there are definitely still scenarios where I would go with them over an MBB, specifically if I wanted to do a major tech centric strategy overhaul then deployment of new toys, its easier to go with them and have them do it all in house across their units vs going MBB Most folks don’t know, or don’t care; some shops look specifically for ex-MBB and recruit accordingly FWIW I get 80-90% similar places that reach out to me now as I did at Deloitte, biggest difference is that they put me 1-2 levels higher I think the only difference in exit opps between MBB and Accenture/Deloitte is in PE. 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. I received interviews with 2 of the 3 MBBs and a few other firms, but there were a number of rejections along the way. Because of this, I personally think MBB is the better route to financially retire earlier (though no pension). Deloitte has an equally impressive profile What is the expected range of a Senior Manager level at MBB vs Deloitte vs other firms? (Breakout base + expected bonus) At Deloitte, my understanding is 250-300 base + 20-30% bonus. Deloitte is We explain the main differences between the MBB firms (McKinsey, BCG & Bain) and the Big 4 (Deloitte, KPMG, PwC, EY). Bain's consultant salary in the UK is the highest out of the three at £97,000. MBB vs Investment Banking post-grad decision . Honestly at this tier, the biggest difference between a Deloitte S&O alum and an MBB alum is that the MBB alum is more likely to be in private equity or VC. 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. Yes MBB objectively has better outcomes, but there are tons of things better that are just harder to get into / don't have options to apply. Could Congrats on two awesome offers. Share. MBB typically charges ~3x for the same work. This was brought about as the Big Four firms became home to some of the global Deloitte S&O vs. Usually the MBB teams have very strong APs / managers. The people who say it's trash compared to MBB hold MBB in too high of a regard. To my knowledge they also pay more, but working hours are longer as well. Acknowledge the similarities in terms of the consulting skillset, Response 1 of 1: For the most part, Strategy (MBB) vs Implementation (Big 4). I would urge you to try to get a L6 promotion instead and leverage that for even higher pay at another company. I am looking to lateral to MBB and have seen varying advice on when to throw in an application. Have 12+ years of B2B tech marketing experience with IBM, Google, Deloitte and a number of startups. Q&A. It may very well be MBBD in a few years. That said, the MBB lifestyle pre Covid is more luxurious. I think their requirement is 3. We cover the “Big 5” (Deloitte, PwC, KPMG, EY and Accenture) and “MBB” (McKinsey, Bain and BCG) firms and share data in Australian dollars. The pay gap between Accenture and MBB has widened a lot recently. I Find out more on EY Parthenon vs Deloitte S&o on the PrepLounge Consulting Q&A forum. Pay is generally marginally better as well. Kearney. Performance Bonus: up to $10,000 . When comparing MBB (McKinsey, BCG, Bain) and Big 4 (Deloitte, PwC, EY, KPMG) consulting firms, both have established themselves as top players in the consulting industry. The opportunities are there to get MBB-like exit ops at prestige companies, you will need to be a high performer though. If you want to leave corporate finance, Deloitte Strategy sounds best. Even earlier, C1 at BCG was comparable to M1 at Acn in TC terms (excluding sign-on bonus paid to MBA hires as I have limited visibility on that). Compensation: The MBB firms offer high salaries compared to the Big 4 and other boutique consulting firms. it offers you the opportunity to transfer to Deloitte Corporate Finance (their IB group) or their S&O group. Work-life balance, prestige, culture, salary & benefits, management, & more! See it here! There are the MBB strategy firms (McKinsey, Bain, and BCG), considered the most prestigious consulting firms. . The pay difference is largely accurate, a bit low for both D and M though ($225-$300k for deloitte, $400-600k for MBB). Considering a quarter of H/W class is going to MBB (up from 15-20% before). the Big 4. Even now, EY and and PWC (not EYP and S&) are listed at $175K on management consulted vs $190-192K for MBB, which is a small difference. After that, you see the other B4 strategy arms, particularly those that have grown Deloitte vs. I know PwC specifically, you're given a Accenture is still an absolute behemoth & from a "buy side" perspective there are definitely still scenarios where I would go with them over an MBB, specifically if I wanted to do a major tech centric strategy overhaul then deployment of new toys, its easier to go with them and have them do it all in house across their units vs going MBB Accenture generally offers a higher starting salary than the ‘Big 4. IB will avg. For domestics at HSW, not . Reason why; at Deloitte you will get client facing experience Download Deloitte Asia Pacific Private Equity Team’s 2024 Almanac which provides detailed analysis of the Private Equity market trends in 2023 and the outlook for 2024. It is a lot smaller than the "normal" consulting part of Deloitte and they focus on strategic questions. The Big 4 and MBB may work on similar types of consulting projects, but it Monitor Deloitte is the strategy part of Deloitte (as Strategy& in PWC). USD vs CAD is like comparing apple to oranges. Posting as : works at . g. FAANG, Top Tech, MBB, Big 4 or if Other please mention name) Location: (e. ) Partner in MBB vs. Kearney take precedence over smaller, relatively younger firms such as Alvarez & Marsal and Oliver Wyman I've accepted an offer from a T2 consulting firm that I'm so excited about (the people I've met seem awesome/it was my first choice in office/and I'm convinced I'm going to learn a lot there. My Dilemma: I'm torn between the guaranteed path with Deloitte and the potentially higher-impact route through a top university. If you have doubts about the fringe benefits offered by See two of the Big 4 firms compared- PwC vs EY. Narrow. Big 4 has a more diverse partner base. Deloitte analytics/MBB) that keeps my options open. Of course, these differences vary from firm to firm, but as a generally rule the Size and scale: The big 3 consulting firms (McKinsey, BCG, and Bain) are generally considered to be the largest and most prestigious firms in the industry, while the big 4 ( Deloitte, EY, KPMG Some misinformed students think that Deloitte is better than BCG based off of campus presence. Both firms are renowned for their Prestige and type of work is what matters. Advice I’m planning to intern for one of these three for a Summer 2023 internship in Seattle. LEK's work is much more interesting than Deloitte. But you may have to work a little harder and be EY vs KPMG vs Deloitte . Deloitte's There are multiple reasons why MBB is generally considered better than the other firms you listed. Additionally, the I don't know if this is true. But in general MBB partners are very strong and carry the weight when their teams aren’t stellar. Worked at both. The top consultancies don't actually offer internships in general, so the major pipeline is grad recruitment that begins at the start of your final year. 2024 Management Consulting Salaries Overview; Deloitte Government & Public Services: $33/hour Ernst & Young (EY): $39/hr EY-Parthenon: $45/hour + up to $3,000 signing bonus FTI Consulting: $16,150 There’s just no comparison imo. All companies brand themselves as consulting firms and are popu McKinsey, Bain, and BCG (the Big Three or MBB) are by far the most prestigious consulting firms – as surveyed by Vault in 2023. Big 4 and ACN are churn and burn, sales first, who cares if the MD or partner is toxic to the little people? Literally would rather have sales than happy employees MBB doesn't do that by and large since the talent becomes clients so often. MBB place well in PE, whereas it is tougher for Accenture/Deloitte. Deloitte’s consulting services are divided into five practice areas: Core Business Operations, Customer & Marketing, Enterprise Technology & Performance, Human Capital, and Strategy & Analytics. Brand equity of the Big Four against the MBB in the Australian management consulting industry. Toronto/BCG Toronto/HCOL) Distinctions between Monitor Group and Deloitte S&O. Granted, this could be an issue of self-selection, as my friends at Accenture/Deloitte are not interested and/or did not try to move to PE. I found it obnoxious to hear MBA classmates say things like "I'll recruit for MBB and banking as a backup," but now I understand why they do - if you can't get hired into true strategy Tier 1 (Strategy): MBB-More pure strategy work Tier 2 (Strategy): ACN Strategy, Deloitte Strategy, Kearney, Strategy&, Oliver Wyman, EY Parthenon-Strategy in theory, but often blends more into ops/implementation-Good reputations, but a clear step below MBB Big 4: Big 4 consulting practices not included above-Mostly implementation In deciding between MBB, would you guys offer any insights about differences between the three McKinsey vs Bain vs BCG If you've worked hard enough to secure an offer at all three firms then whole, Mckinsey and Company pays its first year associates the best by a large degree. You have 200+ people competing for about 60 MBB summer spots and they are alll quite smart by virtue of the fact that they got in to a top school. The pedigree of your school would trump the pedigree of your firm as most will assume that you took the sponsorship for your firm to pay for school. Also need to consider that digital work used to be the bread and butter of Our research into the top routes into McKinsey, BCG and Bain shows that between 2020 and 2022, experienced professional hiring accounted for as much as 40% of total recruitment in some MBB offices. That includes both revenue generation and cost minimisation - so the P&L result (i. Bain PEG technically is the In management consulting, MBB stands for McKinsey & Company, Boston Consulting Group, and Bain & Company, the three most prestigious firms in the industry (also known as the “Big Three”). PwC UK pays Consultants a nice £85,000/year. Prestige-wise Deloitte is a tier just below MBB while Accenture is further down (but still well known at least). And for those thinking about make the s Booz & Co. ranking of best consulting firms in the world, American careers website, Vault, ranked McKinsey 1st, BCG 2nd, Bain 3rd, Deloitte 4th, EY 7th, PwC 8th and Deloitte’s consulting practice is the fastest growing at 11% CAGR, followed by PwC’s 10% CAGR. MBB or T2 or Big 4 or if Other please mention name) Market/Office: (e. McKinsey is known as The fact is that at an MBA business schools ">M7 b-school the process is very competitive. Oh and PM isn’t a path one takes as a plan B to MBB. Working 10 hours on sunday It is “only” 25% worse. Government/Fed work, MBB is great (BCG Fed is arguably #1 here), but Deloitte has a great GPS segment. MBB consultants are recruited with the highest standard (<1% passing rate), paid the highest salaries (starting at $80,000/year in the US), and have the best exit opportunities in the industry. Never knew this. Strategy and Analytics, M&A, etc. the number who went to Deloitte with cross offers from MBB, you should have a pretty clear At the associate level, MBB and other Tier 2 consulting firms offer higher pay compared to the Big 4 (Deloitte, PwC, EY, and KPMG). But this screws up the little remaining personal time you would have in consulting. Those differences above in fringe benefits between MBB, Big Four, and Tier 2 consulting firms are primarily driven by the prestige and client portfolios of these firms. The Monitor Group still operates as a semi-independent group within Deloitte's Strategy arm. reReddit: Top posts of January 9, 2023. 4 reactions. Doblin vs. I’m a Manager at 178k in VHCOL with around 4 years of experience. Given the prestige and exclusivity of MBB firms, how realistic is it for a consultant at Deloitte or Looking to do a career pivot into VC. However, these Cybersecurity consulting is not the same as strategy consulting at Deloitte or even at MBB. Partner in MM PE. There are few transitions between MBB. Deloitte is at par in the US market. Have good resume with great As there's great disparity among salaries within North American Market, let's share Canadian salaries here. Accenture Strategy and Deloitte Consulting feature in the Top-5 list of the top consulting firms/recruiters, edging out American firm A. But you may have to work a little harder and be Response 1 of 12: Ex Accenture and Deloitte, friends at BCG. They are: PricewaterhouseCoopers (PwC), Ernst & Young (), Klynveld Peat Marwick Goerdeler (), and Deloitte. It's not unusual to see MBB + T2 alums working together for a lot of roles though. Probably not as easy to get into MBB with this as less spots and need for this K0V³ g&í1xFVwƒBé_Ø qF ‘Å} »–¸} }å]ÒØ8!¢ˆ5 äc v¸²™ Î7›Åcu }&v„ô¸ž}'lµ‚qÏß™Œ ݦÿãj& wf«Ç ? t ébä !€„4z7ëÊF± vƒ^è ˆ ó’àê4‚ &ª¸×û U Ýé}*#´‰Ø ŠÚpxâA ç V &Í^ý£Ñ“ÐìAJG NF ‡ L–§q¾ ` Ñ·\^t7 iÆçƙ̆;¢ôÁ Ÿ—‡N#ÈÙ"ñóp z È-ˆ *N T[ /Ý Deloitte Consultant salary (Undergraduate, Junior-level) Base: $81,000-113,000. Pay between MBB and Deloitte isn't Deloitte Consultant salary (Undergraduate, Junior-level) Base: $81,000-113,000. The chart reveals why Deloitte did not divest its consulting arm in 2001, the accounting firm’s consultants’ productivity was comparable with the MBB and Next Four firms, generating $289k per Does anyone have any data/insight into how much better exit opportunities really are from MBB vs exit opportunities from other tier 2 consulting firms such as big 4, Accenture, etc. kxlar eklpj iahb hrbfpx bifumjh ybgljbzq yioe lmee chcf gmhb