The three consulting firms that are considered the Big Three or MBB are McKinsey & Company, Bain & Company and Boston Consulting Group. His former students include Mitt Romney, former U.S. presidential candidate, and Meg Whitman, CEO of Hewlett-Packard. Learn more about Bain & Company opportunities in your employer profile.
Boston Consulting Group has a reputation for being very focused on the academic world and hires many of its graduates from prestigious universities. McKinsey & Company is proud of the diversity of its staff and offers paid summer internships for talented second-year students who want to enter the industry. Today, being a BCG consultant means working in diverse teams that span diverse disciplines and functions, and recent business school graduates need that experience if they want to land one of the many consulting jobs offered at BCG. With the constant advancement of technology in every sector, digital skills are critical in consulting, and McKinsey is increasingly welcoming candidates with programming and coding skills.
Bain &, the youngest of the three, was founded by ten Boston Consulting Group employees in 1973. Despite this, you don't need to have extensive consulting or even business experience to have a good chance of landing a position at Bain. To prepare for the case study interview, it is recommended that candidates conduct mock cases with a partner, preferably with an advisor. This could be a service that your business school offers through its alumni network. However, a common piece of advice that BusinessBecause has heard through conversations with consulting recruiters is that you can overprepare.
McKinsey hires staff from some of the best business schools in the world and there are a wide range of MBA positions at McKinsey for students seeking a career in consulting. The three most prestigious management consulting firms are known as the Big Three and, although their workforce is small compared to companies like PwC and KPMG, they work with some of the most influential organizations, companies and governments in the world. While consultants need analytical and problem-solving skills, as well as strong communication skills, there is no one-size-fits-all approach to hiring BCG consultants. McKinsey recently announced plans to cut up to 2,000 backroom employees, but the firm maintains that demand for consultants is as strong as ever.
