I received two offers from Bain and Kearney Middle East. I know that in this area, MBB and some other firms are somewhat similar. Who do you think is the best option. Keeping in mind that Kearney’s compensation is significantly higher than Bain (even though its the same position).
it’s my first job and I do value money, culture, and exit opportunities. Bain is not willing to match the salary.
Congratulations on two great offer.
There's a short term view you can take and a longer term view. In the short term, the higher salary seems more enticing and Kearney does that on purpose because they know their brand name cannot compete with MBB. However, in the longer term, MBB folks end up making similar or more money because as you rise through the firm your pay increases very quickly as well.
The other angle obviously is the prestige factor. When you exit from Bain, there is a certain extra you can negotiate from a salary perspective in a new job given the reputation of Bain. This premium is smaller for Kearney.
Despite all of this I think you should go where you feel happiest. If Kearney makes you happy (based on the people, the salary and culture) go for it. No one can predict the future anyway and just because Bain is a bigger brand does not always translate to a happier career.
Hi there, huge congrats on both offers. I was facing a similar decision in the middle east between ow and McKinsey, with ow paying about 30% more. Two thoughts:
1) As you get promoted/move through the ranks the salary gap may dimish (it does with ow and mck)
2) Bain as a brand name unlocks another level of exit opportunities that Kearney will not especially on the buy side, so that initial salary gap may be worth it in the long run. Some more nuance to this, if for example you are looking for an exit in London or new York, recruiters might have question marks over the training you have got in the middle east and the best way to alleviate those concerns is to choose the bigger brand name
Hi there,
congrats! This really depends on your future plans, but from my point of view and thinking of exit opportunities (as most people last 2-3 yrs), MBB is probably a better choice because:
1. MBB is a diamond name on your CV
2. Steep learning curve (problem solving, dealing with C levels, commercial excellence etc.)
3. Amazing networking access including becoming alumni with its advantages
4. MBB can actually secure you a job
Good luck!
Lucie
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Hi there,
Bain is seen globally as more prestigious, so it would be a better brand for you long-term.
However, in terms of the work, it's going to be very similar.
If I were you, I'd go with Bain. Money doesn't matter in the beginning. The growth rate of the compensation and career progression speed matter more.
Best,
Cristian
Hi there,
Congrats on 2 offers!
I agree with the other coaches. If you value money + exit opps Bain will ultimately lead you there…the ROI there hits even after just 2 years.
Both will likely pay good money…. and on the long run Bain brand name will give you a much higher payoff.
You are in the beginning of you career, you should think long term, not short term.
Hello!
Huge congratulations to you, well done!
At brand level and zooming out, it´s so so so so clear that you should go with Bain, no doubts.
Cheers,
Clara
