Hello,
do MBB are involved in 5-year strategic plan? I am at a boutique now focusing mainly on growth strategy. I am a bit frustrated as I feel like I would be more interested in designing strategic plan rather than top-line engagements. However, I don't want to "move" if the situation is the same at other firms.
Many thanks
Hi there,
yes, they definitely cover them, I worked on a strategic plan myself while at BCG. You can expect a lot of other projects as well though – say a 2-year operations process in Oil&Gas with not much fancy in it (although better lifestyle than other “cooler” projects like due diligence!).
Anyway, the reason why it usually makes sense to switch to MBB is that it can speed up your career path exponentially even if you spend few years there – thus even if you would do exactly the same things you will be better off once you exit (assuming you don’t want to stick to grow to partnership – which still would not be that bad either!)
Best,
Francesco
Hello anonymous,
@BCG France, I have been involved in 2 / 3 5-year strategic plans projects (food, transport, apparel). We design the whole business plan (top & bottom) with associated levers to make it realizable. Levers can be top line related but most are bottom-line relted, we also manage Capex plans.
We often sell "follow-ons" to support on most strategic levers to implement the strategic plan. We sometimes support on the PMO for the 1st year of implementation
hope this helps
Yes, for most of the F500 strategic plans MBB are involved. Until some years ago these were the main focus of MBB, however now they are specializing in lots of practices (e.g. marketing&sales, operations, digital, implementation). Therefore strategic plan will not be the most of your projects in MBB, but you have the chance to do them during your experience.
Best,
Antonello
Hi! Yes, i've done quite a few strategy projects like this while at McK – however, it is now not the main focus, there are much more projects in operation, digital or restructuring these days.
Best,
Daniel
Hello!
Indeed, they are involved most of the times for Fortune500 companies!
I was involved in them myself during my years in McKinsey Spain.
For some of the top storical clients of the office, the Strategic plan write-up and review is actually one of the recuerrent engagements every year.
Hope it helps!
Cheers,
Clara
