Hi All,
As it has been for the last 5 months, I turn to this forum for advice as it always helps! Thank you from me!
I have Mck and BCG offers in a developing economy and will be leaving my opportunities in the UK/EU after completing a 4 year undergrad + MiM from a top B school. Feel sad leaving this region but the Mck and bcg appeal is what has pulled me.
Key point: I am not yet clear on my long term plan, I wanted to start my own business but after 4-5 years in Europe was the plan. I also am not sure if I want 2 years in consulting then out or to make it to partner (not so keen but it appeals?). Would love to return to Europe for some time for sure as the career prospects here in other industries are appealing.
Help: Unsure what decision to make here…
Financial:BCG base is massive, rewarding me for my MiM, so have an associate position with a 50% greater base than McK. Mck offerring the standard BA entry level package with a heavy sign on bonus that almost makes the 2 packages look the same for Y1. Y2, BCG wins by a mile being 50% greater in base. Difference is close to £10K across 2 years. Also worried that this high base at entry level means less of a jump when moving to Consultant position. For Mck, pretty standard high jumps anyways.
MBA:Mck has the appeal of a sponsored MBA/other degree after 2 years. I have a MiM, but MBA is a totally different value proposition and although I may not be clear whether i want to do one or not, I would like to have the option to do it (unlikely at BCG, was told).
Other factors:
People: Felt the same at Mck and BCG, maybe a bit more room for error/understanding from BCG but felt the pressure to be at my absolute best in both companies to impress partners. So pretty even here.
Office transfers: Unlikely to move to europe easily in both.
Travel: way more at Mck in this region.
Work: Fairly similar in the sectors and clients
Growth within the company: standard at Mck, bcg a bit less structured with some middle positions like senior associate etc.
Recruiting experience: really good with Mck, much better that mck
Office sizes: Mck much smaller and tight knit whereas BCG more junior associates from local universities and quite massive.
Back to my Key point:
With BCG, if i only do 2 years and out, I leave with more $ and it will be totally up to me to find opportunities in EU. With McK, the MBA/other degree is probably a good option and opens doors long term but even then, 2 years and out, less $ and up to me to find an opportunity elsewhere but the Mck name will be very helpful.
Thanks in advance coaches, I know its not an easy Q to answer but just want to get as many insights as I can! P.s i am not suggesting you make this decision for me, but probably just weigh in on it as you have way more experience
Thanks Florian, What do you mean long term value? My only worry about Mck offerring an MBA is that they put me in golden handcuffs for 2 additional years after the MBA to stay in africa when my goal is to return to europe within 2-3 years after starting consulting... I also have a Masters in Management at the age of 23 so dont see the value prop of doing an MBA at the age of 26 if I cannot even get the 2 main benefits of an MBA (1. Job opps in that country. 2. Higher salaries in that country) as I would anyways have to return to the africa office. Mck also do a wide variety of work tbh. Also have the BCG fast track to consultant in 18 months + other rotation opportunities. + 50% higher comp 1 thing is for sure- I love Mck, it is my dream company but I want to be in Europe. Still unsure what to choose
(editiert)
Hmm. Did you create another thread on the topic? Given what you have mentioned in the other thread and in this reply, I'd be very happy with the BCG choice.