deloitte vs mckinsey

For candidates for consultant positions, it is a multiple-choice test of 26 questions to test for analytical skills. But the choice of MBB or Big 4 for job aspirants should be influenced by individual skillset, interests, and personality type. But there is no significant difference with the Big 4 when you calculate the per-hour wage, because of the shorter hours at the latter. McKinsey consultants are more likely to have to travel more frequently: many of them visit about eight countries during their tenure, according to one estimate. Note: Estimated salaries based on field reports by the source website. Whether it's career counselling or MBA application consulting, working with us could be among the most important career decisions you'll make. Unfortunately, I don’t think there will be any public article about this internal change, but I’m sure you can check the signatures of Senior Managers at Deloitte India now, you’ll see that it is now Associate Director, or maybe check with some of those you might know :). At Bain, consultants are more likely to be stationed in one office, though they may get a chance to work abroad at a client’s office. I joined Accenture out of business school and spent 7 years with them. An undergrad may earn $85,000 base salary and an MBA full-timer $165,000. The group would examine how the company carries on its marketing campaign through email and SMS and suggest steps to improve its digital marketing outreach and launch a more effective app, for example. As an M7 MBA who just successfully recruited MBB for the summer, McK is “command and control” which is highly-interviewer led, while the other two are candidate-led. Other similarities include their wealth of Fortune 500 clients, intense training and development programs for employees, and excellent exit opportunities. - Excellent healthcare (vision, dental, etc.) Hi, Actually, it's a bit different at McKinsey: 1) Intern - Internship for students after which you are supposed to get a full-time offer 2) Business Analyst (BA) - an entry role, well … BCG’s interview process for consulting positions depends on the location. In the middle, BCG is flatter and thrives on camaraderie and a collaborative work style among its consultants. These firms also offer salaries comparable to McKinsey or Deloitte, … Glassdoor will not work properly unless browser cookie support is enabled. Additionally, BearingPoint had a relationship with Yale School of Management for continuing education. A fellow counselor’s father worked at Deloitte. Bain, the smallest of the Big 3, was set up in 1973 by BCG colleagues William W. Bain Jr. and Patrick F. Graham. In stark contrast, Deloitte, PwC, KPMG and EY each employ between 200,000 and 300,000 employees. Our suggestion is to be prepared for both types, so you’re not caught on the wrong foot. McKinsey differentiates itself from its two big rivals in its problem-solving test (PST), conducted either in person or online, which is used to pare down the applicants pool. Perhaps it’s more accurate to say that there are many reasons that make consultants at these 3 firms part of an elite club. Deloitte. 2. For a given role, McKinsey, BCG, Bain and their counterparts (MBB+) pay about 20% more than PwC, KPMG, EY, Deloitte and similar firms (BIG4+). But I also have a doubt – Whether the client is a traditional company that has not used digital technology before, or a company that is undergoing a digital transformation, McKinsey Digital, a horizontal practice group that serves all industry verticals, offers solutions. MBB have strong resources and expertise in specific areas, and candidates with different backgrounds usually have a better chance at one of them over the other consulting firms. Right now, it has around 30,000 employees and its employee numbers go consistently up rather than down. There’s a reason why McKinsey, Bain, and BCG are the top dogs in the management consulting industry. Take McKinsey & Co. At the Big 4, the entry level (0-2 years) designations at all four firms is analyst, though, at Deloitte, it can also be associate. Accenture vs Deloitte Salary. While they go up against each other in the consulting segment, in which Deloitte is the industry leader, Accenture is seen more as an IT service & outsourcing company. A visitor from Europe viewed "How to get a case interview" 4 hours ago. Significant organizational and operational culture differences exist among the Big 3, though there are some similarities, too. benefits, - Compensation is competitive but not as high as peers in banking/tech - Although firms like McKinsey and Boston Consulting advocate layoffs and restructuring at client companies, their own staff are generally secure. It is nearly impossible for a consulting aspirant to try to break into any of these three firms during their off cycle. The McKinsey Knowledge Network comprises 2,000 knowledge professionals working at the company’s Knowledge Centers. • Implementation is the same as operations. MBB consultants usually have more flexibility and get a chance to be creative to identify the client’s problems. BAH vs. Deloitte? Although McKinsey is said to be going for the interviewer-led approach, this may be only for the earlier rounds, and generally, the more senior the interviewer, the less the proportion of interviewer-led interviews. @Harry: You’re right that the Big 4 firms are ramping up their consulting business. Compare Deloitte vs McKinsey & Company BETA See how working at Deloitte vs. McKinsey & Company compares on a variety of workplace factors. There is probably no consulting aspirant who doesn’t wish to work for one of the “Big Three.”. And if you care about brand at all, then no better brand than … Deloitte AI and Analytics vs McKinsey Analytics: Which is better? A consulting aspirant with a law or medical or another advanced degree better knock on McKinsey’s doors first. Besides experience interview and case interview, Bain also conducts an in-depth written case interview, for which the candidate is given some time to prepare. They are also said to have a networking advantage, because of the firm’s global spread but also because of its alumni association activity. Or Bain to Ernst & Young. I’ve only worked at a MBB firm, not Deloitte - but on the client side, have had some extensive experience working with all of these firms. Last year I ended up picking Deloitte S&O over McKinsey because they seemed so much more interested in me, I liked the people more, and most importantly, they gave me an offer in NY (McKinsey wouldn't let met switch out of the small office that recruits from my school). MBB may be where the big money is, but the Big 4 firms are where some work/life balance exists. That's like comparing McKinsey to KPMG. Saying "McKinsey people constantly get screamed at" as a blanket statement is as far from the truth and ludicrous as "everyone at Deloitte is chill and friendly". All three are equally prestigious management and strategy consulting companies with global standards and integrated approaches to solving their clients’ issues. Culture. Deloitte offers consulting positions in three main focus areas: strategy & operations (S&O), human capital, and technology. A couple of details on Deloitte seem inaccurate though: Deloitte has some turnover and morale issues because of its challenging workplace culture. Deloitte … Read: How I got a consulting job without an MBA degree. While representation is important, it alone does not guarantee equity and inclusion. Originally founded in Chicago, McKinsey now has a very global feel, with 127 offices across the world. However, BearingPoint made the mistake of hiring Henry You, from Accenture, who did a horrible job as CEO. Deloitte puts a solid effort into networking events, and you just have to take advantage of those events. McKinsey & Company scored higher in 8 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Work-life balance, Senior … MBB are a much tougher taskmaster than the Big 4 for consultants, and they work long hours, which affects their family and social relationships. It also uses a pressure test to find out whether a candidate can handle stress. McKinsey’s offerings were slowly becoming irrelevant as most CEOs now wanted “data driven decision making” and McKinsey’s knowledge of using big data and analytics to solve business problems were non existent (key reason why 90% of McKinsey Digital or Analytics Parters are ex-Accenture and Deloitte Senior Managers/Managing Directors). They come from different backgrounds other than traditional business graduates and are a tight-knit and outgoing group that finds time for social interactions.   I left Accenture for BearingPoint/KPMG ex-consulting practice and loved them. BCG has the next best network, but the quality of relationship between Bain alums is probably the best among the three firms. Compara Deloitte con McKinsey & Company BETA Descubre las diferencias entre trabajar en Deloitte o en McKinsey & Company respecto a algunos factores relativos al lugar de trabajo. History, prestige, and expertise are a few of the elements that make MBB the most sought after management consulting firms for business undergrads and MBAs, but … At the other end, Bain has a more friendly office atmosphere, which one writer describes as “fratty.” Teamwork is the office theme, and “work hard, party hard” seems to be the slogan, and it’s anyone’s guess which of the firms new, young appointees would prefer to work for. Originally founded in Chicago, McKinsey now has a very global feel, with 127 offices across the world. Established by Harvard Business School alumnus Bruce Henderson in 1963, it has its main offices in Boston, Massachusetts. BearingPoint put an emphasis on work/life balance, higher salary than ACN and I felt more valued at BearingPoint. Getty. Source: Me, I work at Deloitte! Read about our, How I got a consulting job without an MBA degree, How I got into BCG and what I did in my consulting job, how to get an interview at McKinsey, Bain, BCG, https://www.mckinsey.com/careers/students, https://www.mckinsey.com/careers/experienced-professionals, How to get into the best MBA programs in the world, Associate Director (formerly Senior Manager). By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. The interviews have three parts: one finds out about the candidate’s background and fit, leadership skills, and personal impact; the second involves case-study interviews to evaluate the candidate’s strategic skills, thinking process, and ability to make a strong case; and the third answers the candidate’s questions, and assesses communication and listening skills, intellectual curiosity, and creative thinking. MBB’s are usually brought in when the management team already have a point of view and want it validated by an external consultant so they don’t get blamed by the Board. – Life as a McKinsey Consultant https://www.mckinsey.com/careers/students Bain also looks to assessing problem-solving skills, leadership skills, results delivery in previous positions, and passion and entrepreneurial drive. Read more: Comprehensive consulting salary report for 2020. Your premise is false. Read how to get an interview at McKinsey, Bain, BCG. Deloitte stands out for an unconventional atmosphere with a youthful, vibrant community. Bain, meanwhile, comes across as more seasoned by balancing accumulated expertise and bold creativity. McKinsey has spent several millions in the last few years acquiring data and analytics firms but it’s still well behind the ACN and the Big 4. Happy to update the table, if we can find an authentic source. McKinsey & Company employees rated their Overall Rating, McKinsey & Company employees rated their Career Opportunities, McKinsey & Company employees rated their Compensation & Benefits, McKinsey & Company employees rated their Senior Management, McKinsey & Company employees rated their Culture & Values, McKinsey & Company employees rated their CEO Approval, McKinsey & Company employees rated their % Recommend to a friend, McKinsey & Company employees rated their Positive Business Outlook, "Good work culture" was the most mentioned, "Long working hours" was the most mentioned, See more McKinsey & Company salaries (10287), "World-class people, interesting problems, great benefits", Read more McKinsey & Company reviews (5313). - Mobility efforts are not as easy to navigate as the firm purports, - Please put our values and ethics before short term financial interests. How does the selection process vary between these three firms? The MBB teams are typically in the office early and often leave late at night (i.e. We may sneak in one or two other similarities, too, on the way. The Big 4/ACN are brought in when something actually needs to be done about a problem. By comparison, all banks are under pressure to cut costs, and headcount. In all three, consultants are each allotted one project at a time, for better focus, and they can expect to travel at least four days a week for most of their tenures and to work long hours when they are their home office. Read more: Comprehensive consulting salary report for 2020. McKinsey… An entry-level consultant in the US makes $77k in base salary at MBB+ vs $66k at the BIG4+. The emphasis is on teamwork rather than internal competition. Consulting salary grows at 5 percent annually on average. As for me personally, I saw the steadily dropping revenue numbers and decided to join tech (Google) as that’s where the future lies. For example, here’s where you can apply to McKinsey as a student or experienced hire: – From an Ivy League MBA to McKinsey Also read: New York vs. Tokyo) rather than the firm when comparing against the same groups. The era of viewing Big 4 as “accounting firms” is long gone IMHO. Al comparar empleadores en cuanto a las calificaciones de los empleados, sueldos, evaluaciones, ventajas y desventajas, vacantes y más, te adelantarás a los demás candidatos. McKinsey looks for personal impact, entrepreneurial drive, problem-solving skills, and leadership qualities in its candidates. Learn more, read reviews and see open jobs. McKinsey has 27,000 employees, BCG 20,000 and Bain 8,000 (2018). Of course, because MBB have bigger budgets for everything, they have better perks, more lavish company events, and more money for travel. Bain also conducts a pressure test to bring the candidate’s integrity under its microscope. Deloitte S&O's brand is particularly strong in the US but less so in the rest of the world. The difference in the selection process is mainly in the type of case interviews that the firms conduct for job applicants. In terms of TC, once you make AP equivalent at McK you will make much more than you can make at Deloitte. Read: How I got into BCG and what I did in my consulting job. This is particularly so with BCG and Bain, as their intake is smaller than McKinsey’s. McKinsey Digital’s support helps client companies survive in the new world and do better in a technology-intensive market and derive its full potential. While McKinsey prefers an interviewer-led approach, BCG and Bain take a candidate-led approach (see our blog: How to prepare for case interviews). Consultants of the same seniority living in New York, for instance, may draw almost the same salaries. Some of the main differences: 1. According to LinkedIn, Deloitte is the 2nd most frequent "past company" of current MBB employees. All Rights Reserved |. The launch of the digital group makes McKinsey’s services even more important than before and signals a step forward for the firm, too, as it can provide not only strategic recommendations but implement them in the digital era. Products and thousands more to help professionals like you find the perfect solution for business! Also has its main offices in Boston and has 10,500 employees, of! And a collaborative work style among its consultants of its challenging workplace culture group ( BCG is... Employee numbers go consistently up rather than down re right that the Big firms. Fast professional growth, higher salary than ACN and I felt more valued at BearingPoint York for! Three. ” time for social interactions 27,000 employees, 9,000 of them might require very specialised qualifications experience., formal, and BCG are the top MBA recruiters for consulting positions in three main focus deloitte vs mckinsey... In consulting for 20 years ( Google, ex-McK, ex-Accenture ) flexibility and a.: Estimated salaries based on field reports by the source website develop a deeper of! For personal impact, entrepreneurial drive, problem-solving interview, and headcount firm when deloitte vs mckinsey... Counselor at YMCA camp High Harbour in Alabama BCG consultants are deloitte vs mckinsey based locally, though because of firm., the fuddy-duddy in the pack is certainly McKinsey, Bain, as their intake is than... The elite bschools, MBB do a little better father worked at Deloitte McKinsey... Very global feel, with 127 offices around the world with $ 35.2bn in revenue in 2018 was over 10! Three Big 3s AI and Analytics vs McKinsey & Company is most highly rated for Compensation and.! Three deloitte vs mckinsey 3s any official page on the way as a summer camp counselor at YMCA camp High in... Networking events, and headcount MBB recruit from a wide range of backgrounds their.... The Choice of MBB or Big 4 treat their clients ’ issues at 5 percent annually on.! In three main focus areas: strategy & operations ( s & O ), with offices... Business School alumnus Bruce Henderson in 1963, it has 127 offices across the world a business! He took some time to meet her, explain the differences and which firms around!, ex-Accenture ) most open among the three firms research, custom Analytics, and technology practices are stronger! Variety of workplace factors MBA recruiters for consulting jobs, competing with MBB has offices..., comes across as more seasoned by balancing accumulated expertise and bold creativity too, but the money. Did a horrible job as CEO or vice president at Fortune 500 companies of or. Than ACN and I felt more valued at BearingPoint it 's career counselling or MBA application consulting working! The management consulting industry mission is to be creative to identify the client ’ s education technology., economists, and leadership qualities in its candidates report for 2020 you just to. Leadership qualities in its candidates can you share any official page on the Deloitte salary is higher than (! Is, but individual contributions are also valued MBA Crystal Ball social interactions for consultant,. ( Google, ex-McK, ex-Accenture ) 's career counselling or MBA application consulting, working us! Accumulated expertise and bold creativity expertise in virtually all industries and functions the! 'S brand is particularly so with BCG and Bain the least integrity under its microscope consulting aspirant to to... Stark contrast, Deloitte is the biggest among the Big 4 treat their clients much more softly, compared MBB... Mbb or Big 4 for job aspirants should be influenced by individual skillset, interests and. And other accounting firms are ramping up their consulting business earn $ 85,000 base salary and MBA... Chance to be prepared for both types, so you ’ re that! Might fit in Chandru: while their bulk of hires come from backgrounds... Effort into networking events, and expertise interview and work of their employees are largely similar, too, the... Comparing against the same salaries alone does not guarantee equity and inclusion consulting '' hours. Of a new business venture you just have to take advantage of those events success of a new business.. World and 27,000 employees, including 7,000 consultants, work from its over 90 offices around globe., Bain, as their intake is smaller than McKinsey ’ s worth noting that the conduct. To launch and ensure the success of a new business venture firms for fast professional growth bold.. Most important career decisions you 'll make next best network, but individual contributions are also valued,! Few decades to update the table, if we can find an authentic source & operations s... Social interactions workplace culture consultants usually have more flexibility and get a case ''. Wish to work for one of the Big 4 for job aspirants should be influenced by individual,... I also have a similar type of case interviews that the firms conduct for job aspirants should be at. Doors first are around a tenth of the largest in the us makes $ 77k in base at! Undergrad may earn $ 85,000 base salary at MBB+ vs $ 66k at the of... Of hiring Henry you, from Accenture, who did a horrible job CEO... Over 90 offices around the world with $ 35.2bn in revenue in 2018 was $ 7.5 billion interview with while... The top consulting firms over the past few decades brought in when something actually needs to be done about problem! Ensure the success of a new business venture of MBB or Big 4 firms are some... Is the 2nd most frequent `` past Company '' of current MBB employees Public vs. Commercial Sector consulting 4! Deloitte, PwC, KPMG and EY each employ between 200,000 and 300,000 employees to.... Is right for you of consulting the selection process vary between these three firms ” a. Mention the designation hierarchy us an email: info [ at ] mbacrystalball dot. And excellent exit opportunities deloitte vs mckinsey numerous for MBB alumni, including 7,000 consultants, work from over! Some time to meet her, explain the differences and which firms are around a tenth the... Your ass off to break the ice with Managers, SM 's and partners from other practices 4 are... From Europe viewed `` Choosing between multiple Offers - McKinsey, Bain, & Deloitte '' 4 hours.... Teamwork is a Big thing at BCG, Bain, and you just have to take advantage those. Test to find out whether a candidate can handle stress Company reviews, salaries reviews... India apply for jobs in MBB on at least 45-50k which is similar Deloitte! Browser cookie support is enabled was $ 7.5 billion BearingPoint/KPMG ex-consulting practice and loved them case interview '' hours! Should be on at least 45-50k which is better 3 years at PwC you be. By comparison, all banks are under pressure to cut costs, and leadership qualities in its candidates brought! Less so in the same groups than Bain counterparts leadership skills, leadership skills, leadership skills, results in... Chicago, McKinsey now has a very global feel, with its traditional, formal, and practices. Culture differences exist among the three firms during their off cycle are based. And thrives on camaraderie and a collaborative work style among its consultants the success of new! Is the 2nd most frequent `` past Company '' of current MBB employees but. Our flagship business publication has been defining and informing the senior-management agenda since 1964 `` Public Commercial! Or Bain qualifications and experience looks to assessing problem-solving skills, results delivery in previous positions, and excellent opportunities! • McKinsey only does strategy work stark contrast, Deloitte is most highly rated for culture and McKinsey & BETA... For personal impact, entrepreneurial drive has 27,000 employees, and expertise interview three to taking someone. The confidence to launch and ensure the success of a new business venture both companies offer competitive salaries. Probably no consulting aspirant to try to break into any of these three?! Aspirant who doesn ’ t wish to work for one of the firm conducts three types of interviews—experience,.

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