Frequent question: Which is better BCG or McKinsey?

Is BCG bigger than McKinsey?

McKinsey is the largest firm with 9,000 consultants, followed by BCG with 6,200 and Bain with 3,500. Bain is also the smallest firm in terms of revenue.

What is BCG famous for?

BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Is McKinsey the best consulting firm?

McKinsey & Company has been voted number one in “The Best Consulting Firms: Prestige” list of the career intelligence website consecutively for 14 years since 2002. The firm currently serves two-thirds of the Fortune 1000. Their areas of expertise include management, organisation, operations and IT.

Why is McKinsey the best?

McKinsey came out on top because of its score for prestige—the firm has a stellar brand, working with top Fortune 100 firms around the world. It has also produced many of their CEOs, including Google’s Sundar Pichai, a Wharton MBA alumnus. McKinsey ranked top for ‘exit opportunities’.

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How prestigious is Deloitte?

In Vault’s 2021 ranking of the 50 most prestigious consulting firms, Deloitte was fourth—a spot Big D has held down since 2015—which once again leads the Big 4.

Is McKinsey better than Deloitte?

Deloitte scored higher in 1 area: Work-life balance. McKinsey & Company scored higher in 8 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook.

How much do BCG partners earn?

Quick answer: between $500K – $5M. The fun part though is in the details that drive that variance.

How prestigious is BCG?

Within MBB firms, McKinsey is the most prestigious and well-known, both inside and outside the industry.

1.1. MBB Firms Have Much Higher Prestige Score (Vault 2020)

Rank Score Name
1 8.984 McKinsey & Company
2 8.738 Boston Consulting Group
3 8.600 Bain & Company
4 7.121 Deloitte Consulting LLP

Is McKinsey hard to get into?

McKinsey reportedly receives more than a million applications per year and hires less than 1% of them. The Top 3 consulting firms are among the ten most selective employers in the world and it is notoriously difficult to receive a job offer.

How many hours a week do McKinsey consultants work?

MBAs at McKinsey & Co., one of the most prestigious employers in the world, told TransparentCareer that they work an average of 72 hours per week. At Boston Consulting Group, it’s 63 hours every week, while at Bain & Co., the average is 58 hours per week.

Is ZS prestigious?

We were also named one of the Most Prestigious Consulting Firms, a distinction considered by many consultants across North America to be the most impressive in the industry.

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Is working at McKinsey worth it?

Working at McKinsey can offer you an opportunity to explore various industries and types of problems in a way few other firms can. This provides you with the chance to find your passion that best matches to your skillset. Over time, you can develop a specialty that makes you a valued expert in a field.

How much money do McKinsey consultants make?

At McKinsey, the salary for entry-level consultants (Analysts) ranges from $90,000 to $110,000 per year, while the figure for MBA-level/experienced Associates can go up to $233,000. Engagement Managers typically earn around $250,000, while Partners and Directors can earn up to $1,300,000.

How does McKinsey make money?

McKinsey’s business model also generates a second round of revenue from its government work: The firm effectively sells data it obtains from one government project to other agencies. … McKinsey customers pay not only in cash but by adding new data that the firm will be able to sell to the next customer.