How much vacation do McKinsey consultants get?

McKinsey & Company’s PTO and Vacation policy typically gives 20-30 days off a year. Paid Time Off is McKinsey & Company’s most important benefit besides Healthcare when ranked by employees, with 57\% of employees saying it is the most important benefit.

Do MBB consultants work on weekends?

YES. At some point in your career, you almost definitely have one weekend where there will be work required.

Do management consultants get vacation?

Consultants who sign up for McKinsey’s ‘Take Time,’ get four to eight weeks off over and above their vacation balance each year. It enables them to take time off between projects to pursue personal interests. A few years ago, Chandrika Pasricha, a consultant with McKinsey & Company, took a life-changing decision.

How much do MBB consultants travel?

Expect to spend 50\% of your time on domestic projects, traveling to cities like Houston, Raleigh, Chicago, and Seattle. You may fly business class, but you can expect an equal number of economy-class flights (particularly given lack of long-term scheduling flexibility).

How much does McKinsey match 401K?

Another differentiator is 401K. Here, McKinsey chips in 7.5\% of the 401K – or $12,375 for first-year MBA consultants.

Do management consultants get holidays?

In the U.S., consultants who work for management consulting firms typically get the same holidays as other similar professional employees.

How hard is it to get a job with MBB?

With a success rate of just 1\%, getting hired at the Big Three consulting firms does not come easy. First, you need to have an excellent academic record, excellent communication skills and exposure to a wide range of academic and co-curricular activities.

How many hours do you work at MBB?

MBB consultants work at least 60 hour – no one is working 40-50.

Which MBB consulting firm has the highest compensation package for graduates?

Among the three MBB consulting firms, Boston Consulting Group (BCG) compensation package is the highest for both entry levels (at $113K for undergraduate entry and $219K for graduate entry). This is because the performance bonus for graduate entry level in BCG ($42K) is $7K higher than that of McKinsey ($35K) and Bain ($35K).

Is it hard to get into an MBB consulting firm?

Recruitment Process Former consultants from McKinsey, BCG and Bain take such pride in their “MBB consultant” label because getting into an MBB consulting firm is a feat in itself. Competition is brutal, and recruitment ratio is usually less than 1\% in most MBB offices.

What are MBB (Big 3) consulting firms?

What are MBB (Big 3) Consulting Firms? In management consulting, MBB stands for McKinsey & Company, Boston Consulting Group, and Bain & Company, the three most prestigious firms in the industry (also known as the “Big Three”).

What is an MBB job?

They’re also known as MBB, short for McKinsey, BCG and Bain. If you have an interest in making a career in business, you may have thought of applying for a consulting position at one of them. But here is the thing – it’s hard to know what really makes MBB different from other consulting firms.