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MBB Offer - Relocation

MBB relocating relocation
Neue Antwort am 30. Nov. 2021
5 Antworten
1,5 T. Views
Anonym A fragte am 24. Nov. 2021

Hello - 

I was wondering if the relocation bonus is all what MBB pay to assist candidates to move from one state to another or will they take care of the whole move ?  

One of my colleagues told me that Mck took care of their move, sent a company for packing , assigned an agent to find a house etc. when they accepted an offer with them in a different location (however, it was a relocation from the US to the ME). 

Thoughts?

 

UPDATE: based on the answers received below I thought it would be good to update the thread, the offer was made to my friend who is fresh out of HBS (harvard business school) not relocating after joining the firm. Some of the answers below are not 100% accurate. Upon checking with him, Ian has the right answer, it is a ME culture.

(editiert)

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Udayan
Experte
Content Creator
antwortete am 24. Nov. 2021
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /6 years McKinsey recruiting experience

What you're describing happens when you move offices when already at the firm. Otherwise it's usually a relocation amount to spend as you wish. 

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Ian
Experte
Content Creator
antwortete am 24. Nov. 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

This sounds like a ME cultural thing. Personally, when I signed with BCG Australia, I was simply provided a relocation budget. The rest was up to me (finding the shipping company, accommodation etc.)

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Marco-Alexander
Experte
Content Creator
antwortete am 30. Nov. 2021
Former BCG | Case author for efellows book | Experience in 6 consultancies (Stern Stewart, Capgemini, KPMG, VW Con., Hor

.

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Pedro
Experte
antwortete am 29. Nov. 2021
30% off in March 2024 | Bain | EY-Parthenon | Roland Berger | Market Sizing | DARDEN MBA

Usually they won't take care of the move. I understand that in some locations, particularly when they deal a lot with expats, and navigating the local culture / city may be hard for a newcomer, and also to avoid rookie mistakes, they may decide to take care of that for you in order to make the transition smoother. This is likely to be specific to the Middle East in particular.

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Clara
Experte
Content Creator
antwortete am 28. Nov. 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

Yes, that happens when you transfer inside the company. 

Usually they give you two relocations options, one that is some lump sum and the move, and one that is only money. then you choose which one works better for you.

Hope it helps!

Cheers, 

Clara

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