If splitting between a firm & McKinsey, will you get no-offered? Forum

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Re: If splitting between a firm & McKinsey, will you get no-offered?

Post by Anonymous User » Wed Dec 16, 2015 11:07 am

Banking unfortunately doesn't guarantee 100% offer. So have to hedge my odds somewhat. Also, obviously you make more money.

PE (KKR, TPG, etc) is most likely out for me (and any other who entered banking at an associate level w/o prior PE experience). These firms only hire/need analysts for intense lbo modelling and they generally don't pick up lateral from banks outside the entry and MD levels.

Also, I am KJD. So the business school situation does not apply. Came to law school too hastily and found out that I hated law and am trying to get out as quickly as I can.
As someone who had the GS offer, I really doubt you'll be able to do BCG route first. There's no way BCG allows for only a 6-week internship, and even if they do, you're very unlikely to have 6 weeks between end of class and the start of GS. Good luck though, if you pull it off that's pretty baller. They're very different career paths though so it may help to just pick now instead of kicking the can down the road.
Seems odd to give an objective response re: QOL when you haven't actually done either before. Even taking your best guess as truth, from having done it, traveling and being on the road for 4-5 days a week isn't easy. Once there's a family involved, it's downright terrible. And good luck with those relaxed fridays with rare weekend work...
I also spent a summer, where I was on a very intense project. I may not have perfect knowledge of QOL I guess, but if you spend a summer like I did at both a law firm and consulting firm, you at least get a decent sense for what the "real-life" lifestyle is like both by observation and talking to the people there.

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Re: If splitting between a firm & McKinsey, will you get no-offered?

Post by Anonymous User » Wed Dec 16, 2015 1:08 pm

What kind of work does MBB do? Is it like powerpoint presentations? "Consulting" is so vague to me.

But yeah I heard about the no weekend work thing - kind of awesome, even if you spend the rest of the week traveling.

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Re: If splitting between a firm & McKinsey, will you get no-offered?

Post by Anonymous User » Wed Dec 16, 2015 1:13 pm

I just heard back that McKinsey doesn't take to hiring 1Ls ever, even though their website says they do. Truth or soft rejection?

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Re: If splitting between a firm & McKinsey, will you get no-offered?

Post by Anonymous User » Wed Dec 16, 2015 4:22 pm

Anonymous User wrote:What kind of work does MBB do? Is it like powerpoint presentations? "Consulting" is so vague to me.

But yeah I heard about the no weekend work thing - kind of awesome, even if you spend the rest of the week traveling.
What is this about no weekend work? That's definitely not the case with all roles at MBB - my best friend joined post-MBA and he has lots of weekend work, even when the partner tells them to "take the weekend off."

And yeah, there are a lot of PPT decks. Decent amount of Excel too, depending on the engagement. You can also rack up awesome hotel/airline rewards and status at least.

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Re: If splitting between a firm & McKinsey, will you get no-offered?

Post by Anonymous User » Thu Dec 17, 2015 12:15 pm

Anonymous User wrote:
Anonymous User wrote:What kind of work does MBB do? Is it like powerpoint presentations? "Consulting" is so vague to me.

But yeah I heard about the no weekend work thing - kind of awesome, even if you spend the rest of the week traveling.
What is this about no weekend work? That's definitely not the case with all roles at MBB - my best friend joined post-MBA and he has lots of weekend work, even when the partner tells them to "take the weekend off."

And yeah, there are a lot of PPT decks. Decent amount of Excel too, depending on the engagement. You can also rack up awesome hotel/airline rewards and status at least.
So what are the average number of hours per week at MBB? Excel and PPTing don't sound bad at all.

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Re: If splitting between a firm & McKinsey, will you get no-offered?

Post by jzoffer456 » Fri Dec 18, 2015 12:03 am

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:What kind of work does MBB do? Is it like powerpoint presentations? "Consulting" is so vague to me.

But yeah I heard about the no weekend work thing - kind of awesome, even if you spend the rest of the week traveling.
What is this about no weekend work? That's definitely not the case with all roles at MBB - my best friend joined post-MBA and he has lots of weekend work, even when the partner tells them to "take the weekend off."

And yeah, there are a lot of PPT decks. Decent amount of Excel too, depending on the engagement. You can also rack up awesome hotel/airline rewards and status at least.
So what are the average number of hours per week at MBB? Excel and PPTing don't sound bad at all.
There is a reason why they offer straight-out-of-college kids and KJD's 6 figure salaries, and it is not because consultants are philanthropists.

The hours might not look as high as biglaw (questionable), but when you factor in time spent on flight/transportation, it is probably worse.

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Re: If splitting between a firm & McKinsey, will you get no-offered?

Post by Anonymous User » Fri Dec 18, 2015 11:41 am

There is a reason why they offer straight-out-of-college kids and KJD's 6 figure salaries, and it is not because consultants are philanthropists.

The hours might not look as high as biglaw (questionable), but when you factor in time spent on flight/transportation, it is probably worse.
MBB is a demanding profession no doubt. If you factor in pure time spent working, then it's probably not too different hours-wise from biglaw. However, as everyone on this forum will state, the problem with biglaw isn't the hours as much as unpredictability for the most part. Consulting hours are usually very predictable - you work pretty hard mon-thurs, fridays are easier, weekends are usually protected. Also, yeah travel is annoying, but it happens during normal-ish business hours... you fly out early on a Monday and return late on a Thursday, usually. It's not like this adds a ton of time to your week really, though it is for sure a nuisance.

To those disputing weekend hours, I didn't say you will NEVER have weekend work (hell even as a summer I had some). But it's super, super rare that you will do a significant (>5hrs) of weekend work, which is certainly not the case in biglaw. Yes, it happens, but only on certain projects and only with certain deadlines approaching. I can say with confidence, at least at my MBB, it is almost never the norm on the project and if it were, the project is being very poorly managed and would be flagged.

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Re: If splitting between a firm & McKinsey, will you get no-offered?

Post by Anonymous User » Fri Dec 18, 2015 6:54 pm

Anonymous User wrote:I just heard back that McKinsey doesn't take to hiring 1Ls ever, even though their website says they do. Truth or soft rejection?
Also interested in this. Dinged today as a 1L (got email from recruiter telling me to apply next year+standard Keep in Touch email). Not sure if I should make anything of the recruiter email or my app just wasn't up to snuff. Engineering undergrad, HYS, JD only

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