Why is BCG over McKinsey and Bain?
BCG generally falls somewhere in between – competing with both McKinsey and Bain by striking a balance of expertise and creativity – and when selling, they are “more creative” than McKinsey and “more seasoned” than Bain.
What makes Bain different from other consulting firms?
Bain Emphasizes Delivering Results to Clients Bain is the smallest and youngest of the top strategy consulting firms, commonly referred to as MBB (McKinsey, BCG, and Bain). Bain was founded on the principle ‘Results, not reports,’ and they invest in their clients’ success through tied economics in their fee structure.
What makes Bain & Company different?
A more hierarchical and meritocratic firm This is unlike at McKinsey and BCG, where team members each have their own workstream and report to the same team leader. Therefore, consultants at Bain gain managerial responsibility faster than at other firms. That being said, careers at Bain are more fluid.
What separates Bain from other consulting firms?
Why does working for McKinsey feel similar to working for BCG/ Bain?
The second reason working for McKinsey feels similar to working for BCG / Bain is that all three firms are organised in a similar way. Consulting firms typically follow a matrix organisation and have two types of practices:
What is the difference between BCG and Bain & Company?
“Long hours.” Bain & Company was founded in 1973 by Bill Bain, a partner who left BCG to start his own consulting firm. While they have a slightly smaller client base compared to McKinsey or BCG, their clients are of similar caliber.
What makes a good McKinsey consultant?
As a result, one of the hallmark qualities of a good McKinsey, Bain, or BCG consultant is the ability to prioritize the right things at the right time. One term MBB consultants often use to explain this mentality is the “80/20 rule.” This principle states that 80\% of your results in any activity will come from just 20\% of your efforts.
What makes a great MBB consultant?
What makes McKinsey, Bain, or BCG consultants different, however, is the speed with which they can get to their analyses or insights. In other words, great MBB consultants don’t just excel at focusing on the important 20\%; they also are extremely quick to get to what’s important. A lot of this comes from experience.