BCG vs. McKinsey: My Experience Working at Both Firms
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- Опубліковано 31 лип 2024
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What's the difference between Boston Consulting Group and McKinsey & Company? I worked at both firms and while overall both firms are exceptional, I found many differences between the firms. I break down the differences in firm size, feel, culture, positioning, alumni, competitiveness, knowledge network, focus on credentials and client focus.
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FOR MORE VIDEOS:
- A video on McKinsey & Company and why it has been the #1 firm for almost 100 years: ua-cam.com/video/3O5-ysxA3QU/v-deo.html
- A video on the consulting industry and the different players: ua-cam.com/video/N-YMusEs37E/v-deo.html
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TIMELINE
0:00 - My experience working at both firms
1:19 - The positives and similarities at both firms
1:42 - Both firms seen as "best places to work"
2:05 - Overview of McKinsey & Company & BCG
2:40 - Difference in cultures
4:00 - Client Relationships
5:04 - Credentials
6:27 - Knowledge Network
9:10 - Alumni networks
10:16 - Competitive Perceptions
Thank You for sharing this Paul. These are all amazing recollections!
Thank you for this overview!
McKiney is just an amazing place guys. I worked as an industry pharmacist for total of 5 years and somehow they offered me a job because they realised many of the firms in Turkey were pharmaceutical companies. It is just a place full of smart people many of my best memories were made there. The company just keeps hiring smart and creative people. I still can't believe how fast we were fixing problems. Then I transferred to the US because of them I am now an American citizen and able to have wealth that I have never imagined that I would have in my entire life.
Nice insight into both firms. Supports what I have heard in other channels and alumni. Interesting exercise into what a good firm value structure should be. BCG worries about the competition whereas McKinsey worries about being the best. Both have there pros and cons, but who's first again????
Excellent comparative analysis
Thank you very much. Appreciate your sharing of insight. Your content was impressive which lead to subscribe to your channel. Keep up your good work.
thanks so much!
Great video. I'd recommend setting video speed to 1.25x :D
Hey Paul, this comparitive analysis of McKinsey and BCG was really helpful for a budding Consultant like me. Thank you so much! Love from India ❤️❤️❤️
Thanks for sharing!
Man, you dropped mic with your last sentence! 😂😂
absolutely find this video helpful!! The remaining thing is I'm so curious about why both of the firms don't want to know Bain :):)
Very interesting, thank you
It's like having played for both Celtic and Rangers.
LOOOLL
except this is a bit off b/c he was not consulting staff (i.e., the players) at either firm.
Only UK people will understand this
Colour are the same too 😉
Great content. Keep it up, keep it coming pls
What do you want more of?
@@StrategyU what are differences and similarities on strategical bets for the future, perhaps
I really want to start career in consulting. I need some guidance.
what about McKinsey vs Philip Kotler group
I miss how problem solving frameworks differ between the two. Nice anyway
Why you gotta do Bain like that. I heard BCG is harder to get into? I have an interview with McKinsey but got rejected by BCG right away
no agenda - just reporting the facts haha
I like the way he talks it's really clear and understanding. I wish I could talk slow like that, it's difficult for me.
Your content was very helpful, great one
If you change the playback speed to 1.25 (faster) it sounds normal. I think he slowed it down lol
I have a podcast about consulting called « Consulting Lifestyle ». I would be happy to have you as a guest to share your experience
Thank you for your insight. I am an MBA student at non Ivey school and want to get into consulting. What was your experience with working hours and work life balance? I have heard some consultants put in 80hr/week, is that true?
What’s your website?
I was wondering about these differences, as the firms can seem quite similar. I do have one question though: as you know, landing a job at both firms is highly competitive. Do you have any recommendations on what I can do during my studies (PhD and master subjects, for instance) that would enhance my chances? Love to hear from you. Great video. Thanks a lot!
Never replied to you. Feel sad for you, bro. Good luck!
No one mentions Bain. What a burn. Why is that so ?
I applied at BCG once as a developer, it seemed like everyone was working over hours and I was even told during the interview that they dont compensate these as they pay high salaries that kinda included them, their main business model was pitching shorter development times to clients than their competitors and thus creating stress on the teams, so I ran away.
Khaled Osman yeah I don’t think they are the best places for tech people. The whole operating model is built around consulting not software development.
@@StrategyU What about BCG Gamma? Did you work with any Gamma-people?
MrLubban I worked with some analytics folks before it was rebranded you gamma. Good experience.
Is it true that the outcome of a consulting project mostly results in a Powerpoint presentation/deck? Do projects ever result in written reports delivered to the client?
Im sure theres some final report lol, just a slide deck wouldnt make sense.
best to play at 1.25x or 1.5x
Great advice. Haha
1.25 agreed
1,5 agreed
I found 2x too slow
Just like trying to get a Straight Answer from a Lawyer
Don’t agree with the assessment of McKinsey’ global culture. They do try to be globally one firm, but there are still local office budgets driving many partner incentives and decisions
That's fair. Relative to BCG its still much more cohesive. Also I worked there 10 years ago so I'm very open to other perspectives.
Harvard first gen junior who looked down on consulting here
I hope the Harvard thing opens the door for me
I want to work in BCG 😢
BCG company features
No Cell, No Sell #GME
Why did you leave? You seem very satisfied with both employers
good question - i may make a video walking through this. For me, I was playing the career + optionality game where if I keep moving that means I keep growing. In these environments everyone has a plan for "whats next" and I kind of got sucked into it.
At McKinsey as a junior analyst, it seemed like everyone was going to grad school and I chose to follow the same path. At BCG I was in a research role with no raises for four years, so I jumped for a better offer.
I think 4 years at both McK and BCG was good enough. Any longer there and you sort of become a walking human consultant and not much more.
@@StrategyU Thank you for your answer! I get your line of reasoning
Can't see a major difference between a 5th ranking and a 19th ranking. Ahem.
Even your teeth look like they strive for a great career
lol
Why are you talking so slowly, legitimately curious
Also a uconn alum lmao
BCG is gold digger
Dear Mckinsey & Company employees and alumni,
I discovered something sinister has been happening at McKinsey and Company for decades and no one noticed to report it.
Since McKinsey & Company likes to pitt their workers against each other. It is time to turn the tables around .
Has any of the workers noticed family members passing away right around the time you started working for McKinsey and Company?
I discovered a pattern that about 75% of Employees working for McKinsey & Company for 2yrs and left…etc
Family, relatives, associates have passed away especially many at young age.
These are the patterns my husband and I are seeing while reviewing the data.
You talk too slow
Both companies are outdated ...
Please expand on that please.
@@igotlostinhongkong6810 Both companies focus more and more on image, on their brand, trying to maintain their almost "religious" image. But both companies are lagging on innovation: when was the last time you have heard something groundtaking released by them, like the BCG matrix back in 70s? When was the last time you have heard that McK or BCG were responsible for a tournaround in a specific company? From my point of view the reason for lagging on innovation is quite simple, it's the HR policy of both companies: they are only focusing on A. formal education and B. presentation skills. Such people have been great in the past to sell a lot of projects by promoting standard strategies backed by their formal education. But this is not the base where innovation is build on. Just imagine, Elon Musk or Mark Zuckerberg would have been applying for a job at both companies? They wouldn't even been invited to a first round ...
@@ANOther-jh3lw Thanks for expanding your argument. Would you please suggest me some innovative consulting companies? How do you feel about the big 4, in particular Deloitte?
@@igotlostinhongkong6810 accenture is the future of consulting in my opinion. They have the best tech right now
@@ANOther-jh3lw I disagree. There are several turnaround stories but thanks to "chinese walls" it's not possible to share all these stories. If the firms were not performing I don't think they would have 1. such a sustainable base of clients or 2. a huge base of alumni that go on to be successful entrepreneurs. Entrepreneurs live and breath innovation last I checked.
BCG is the poor man’s McKinsey