I work as a career advisor for high school students - this is exactly the type of advice they need. There is so much content around MBB-s, which is clearly made either to promote a specific firm or by people, who have never actually worked in any of those. Focusing on size and prestige is good advice for career starters - in reality, it is all about expanding the number of exit opportunities / career progression paths.
Thanks for the feedback, good point! We didn't consider this a "cultural" difference per se. But it's again closely linked to firm size and can be subsumed under the size category. In short: Larger firms offer more opportunities. McKinsey prides itself on its preference-based staffing model while other firms operate more top-down. But there are many nuances that can play a role (the business cycle, personal relationships you're building the more senior you get, language requirements). Now that we're talking abou it, it almost feels like we should dedicate another video to this! EDIT: We now made a video about this topic: Project Staffing at McKinsey, BCG & Bain ua-cam.com/video/5tntipjak_E/v-deo.html
Very important. But takeaway is actually similar since McKinsey global staffing model reinforces the point in the video on the benefit of firm size and diversity of experiences.
@@aarenbarge1748but the reality is it’s no longer global in McK. Bain has a good staffing model when you don’t have to pitch yourself for a case, you’re being staffed on it
🎯 Key Takeaways for quick navigation: 00:00 🤔 *Introduction to the Misconceptions about MBB Firms* - Overview of common misconceptions regarding culture and work at McKinsey, BCG, and Bain. - Discussion on how these misconceptions are often spread by those unfamiliar with these firms. 01:10 🌐 *Similarities Among McKinsey, BCG, and Bain* - The firmsoffer similar services to the same clients and hire from the same talent pool. - Similarities in employee learning, development, and company culture. 02:06 🏢 *Minor Differences in Company Policies and Perks* - Discussion on minor differences in compensation, benefits, and policies among the firms. - Emphasis on the negligible impact of these differences on the overall experience. 03:29 🔍 *Assessing Industry Focus and Regional Variations* - Exploration of myths about industry specializations at each firm. - Importance of regional differences over company-wide characteristics. 04:10 🌟 *The Impact of Firm Size on Opportunities and Resources* - Comparing the sizes of McKinsey, BCG, and Bain and its impact on opportunities. - Advantages McKinsey has due to its size and global presence. 05:07 👥 *People and Culture Across the Firms* - The similarity in the profiles of people working across all three firms. - Importance of personal connections and team dynamics in choosing a firm. 06:15 💼 *Considerations for Senior Hires at MBB Firms* - Factors like compensation, industry focus, and firm size for senior-level positions. - The significance of firm leadership and industry expertise for senior hires. 08:34 🏆 *Advice for Choosing Between MBB Offers* - Guidance for making a decision when receiving multiple job offers from MBB firms. - The rationale for choosing the larger firm for more opportunities and exposure. Made with HARPA AI
Dude, seriously! You need to remember that (generative I.A. models) have problems and they need to be verified and correctioned, in other case they will produce certain bias. Well, you can fix this problem just by (keeping / respecting) the titles of video and use the shortsubtitles of information presented, then apply this changes in your prompt. Keep trying and have good vibes!
Culture doesn’t evolve around help and support; key differentiator about culture is working hours an norms, which is not the same across these firms in my region
Thanks for you comment! Agreed, culture isn't support. The video was made to give people an idea about how the firms are different if you consider joining them. Culture is one aspect, but so are the other topics we describe. The factors that aren't technically 'culture' (you call it support) are important for how it feels working there. Culture itself, we argue, is not substantially different - based on the reasons we describe and our experience. Working hours are particularly hard to assess because there are so many confounding factors. If you have an analyst friend at Bain who's doing automotive work, and another friend at BCG who's doing public sector work, you cannot compare those two. Same if one does more strategy, the other more operations. Also, even within the same firm and industry, we've had projects where we logged off at 8PM reliably, and others in which we worked way past midnight regularly. If you account for that (and are calibrated over a couple of years of project work) we argue there isn't a systematic difference between the firms. At least not one that a new joiner could rely on. If you have specific observations for your region, we'd love to hear about that. We're always happy to discuss and learn. Also, stay tuned for our video on working hours in consulting.
I work as a career advisor for high school students - this is exactly the type of advice they need.
There is so much content around MBB-s, which is clearly made either to promote a specific firm or by people, who have never actually worked in any of those.
Focusing on size and prestige is good advice for career starters - in reality, it is all about expanding the number of exit opportunities / career progression paths.
Thank you! That must be one elite high school if you're eyeing MBBs
Worked for 2/3 MBB’s. Biggest difference across the firms is the staffing model. This has most significant downstream impact on company culture.
Please can you elaborate? What are the differences in staffing model and how does that affect culture for better or worse?
How can you talk about differences but not mention the staffing model? For me, that's one of the most significant differences.
Thanks for the feedback, good point! We didn't consider this a "cultural" difference per se. But it's again closely linked to firm size and can be subsumed under the size category. In short: Larger firms offer more opportunities. McKinsey prides itself on its preference-based staffing model while other firms operate more top-down. But there are many nuances that can play a role (the business cycle, personal relationships you're building the more senior you get, language requirements).
Now that we're talking abou it, it almost feels like we should dedicate another video to this!
EDIT: We now made a video about this topic: Project Staffing at McKinsey, BCG & Bain
ua-cam.com/video/5tntipjak_E/v-deo.html
Very important. But takeaway is actually similar since McKinsey global staffing model reinforces the point in the video on the benefit of firm size and diversity of experiences.
@@aarenbarge1748but the reality is it’s no longer global in McK. Bain has a good staffing model when you don’t have to pitch yourself for a case, you’re being staffed on it
I love the way you have structured the video and way it is laid out ..... Really clean and non distracting 👏
🎯 Key Takeaways for quick navigation:
00:00 🤔 *Introduction to the Misconceptions about MBB Firms*
- Overview of common misconceptions regarding culture and work at McKinsey, BCG, and Bain.
- Discussion on how these misconceptions are often spread by those unfamiliar with these firms.
01:10 🌐 *Similarities Among McKinsey, BCG, and Bain*
- The firmsoffer similar services to the same clients and hire from the same talent pool.
- Similarities in employee learning, development, and company culture.
02:06 🏢 *Minor Differences in Company Policies and Perks*
- Discussion on minor differences in compensation, benefits, and policies among the firms.
- Emphasis on the negligible impact of these differences on the overall experience.
03:29 🔍 *Assessing Industry Focus and Regional Variations*
- Exploration of myths about industry specializations at each firm.
- Importance of regional differences over company-wide characteristics.
04:10 🌟 *The Impact of Firm Size on Opportunities and Resources*
- Comparing the sizes of McKinsey, BCG, and Bain and its impact on opportunities.
- Advantages McKinsey has due to its size and global presence.
05:07 👥 *People and Culture Across the Firms*
- The similarity in the profiles of people working across all three firms.
- Importance of personal connections and team dynamics in choosing a firm.
06:15 💼 *Considerations for Senior Hires at MBB Firms*
- Factors like compensation, industry focus, and firm size for senior-level positions.
- The significance of firm leadership and industry expertise for senior hires.
08:34 🏆 *Advice for Choosing Between MBB Offers*
- Guidance for making a decision when receiving multiple job offers from MBB firms.
- The rationale for choosing the larger firm for more opportunities and exposure.
Made with HARPA AI
Dude, seriously!
You need to remember that (generative I.A. models) have problems and they need to be verified and correctioned, in other case they will produce certain bias.
Well, you can fix this problem just by (keeping / respecting) the titles of video and use the shortsubtitles of information presented, then apply this changes in your prompt.
Keep trying and have good vibes!
Do management consultants really have secret knowledge that makes everything good?
I will join whichever selects me 😂.
Definitely!
Culture doesn’t evolve around help and support; key differentiator about culture is working hours an norms, which is not the same across these firms in my region
Thanks for you comment! Agreed, culture isn't support. The video was made to give people an idea about how the firms are different if you consider joining them. Culture is one aspect, but so are the other topics we describe. The factors that aren't technically 'culture' (you call it support) are important for how it feels working there.
Culture itself, we argue, is not substantially different - based on the reasons we describe and our experience.
Working hours are particularly hard to assess because there are so many confounding factors. If you have an analyst friend at Bain who's doing automotive work, and another friend at BCG who's doing public sector work, you cannot compare those two. Same if one does more strategy, the other more operations. Also, even within the same firm and industry, we've had projects where we logged off at 8PM reliably, and others in which we worked way past midnight regularly. If you account for that (and are calibrated over a couple of years of project work) we argue there isn't a systematic difference between the firms. At least not one that a new joiner could rely on.
If you have specific observations for your region, we'd love to hear about that. We're always happy to discuss and learn. Also, stay tuned for our video on working hours in consulting.