Why Consultants Leave McKinsey, BCG & Bain - The Real Reasons For Exiting Consulting

Рет қаралды 21,657

Күн бұрын

On average, people exit their job at at McKinsey, BCG & Bain after only 2 years. But why do most people leave such an attrative gig with great compensation and learning opportunities after only a couple of years? We discuss the main reasons why consultants quit.
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🚀 CASE SIMULATION
Our interactive case interview simulation was developed by MBB (McKinsey, BCG, Bain) consultants. We offer a case interview experience as close to the real interview as it gets.
✅ Authentic cases
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Check out our website and try it for free (no strings attached):
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🔓 CONSULTING INSIGHTS
As experienced consultants at McKinsey, BCG, and Bain, we give you an inside look into the industry.
✅ Industry insights
✅ Career tips
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Check our website and our blog:
www.caseinterviewhub.com/
Timestamps:
00:00 Intro
00:21 Lifestyle
02:18 Travel
03:53 Pace
05:15 Ownership
06:19 Own business
06:52 No Ambition
#consulting, #mckinsey, #caseinterview, #consultant, #consultingfirm, #consultinglife, #case, #casestudy, #interviewquestions, #interviewprep, #bcg, #bain, #exitconsulting, #quitconsulting

Пікірлер: 16

@TheJamonLance Ай бұрын

there are 2 exits from consulting the door the window

@MCorpReview Ай бұрын

Think the best ones go on to become ceo of big companies but there r a few who end up starting firms. The only famous one that comes to my mind is the bcg guy who started Samuel Adam’s beer 🍺

@cwaddle Ай бұрын

They might benefit from chat gpt a lot. The kind of stuff they produce can be written up by chat gpt well.. and MS copilot can do their powerpoints

@CaseInterviewHub Ай бұрын

Not exactly. We discussed this here: GenAI: The End of Consulting? (feat. Lilli by McKinsey) kzbin.info/www/bejne/gaC0kKafg7KBmc0

@joshuakemp1531 Ай бұрын

Yes,I listed 2 years and 7 months. The lifestyle and pressure in unsustainable. Very toxic work environment due to the pressure, most people last under 3 years.

@DrEhrfurchtgebietend Ай бұрын

Here is my list 1. Super toxic environment 2. Low quality work 3. Wont learn much useful in real world 4. 70+ hour weeks 5. Lots of children to deal with

@CaseInterviewHub Ай бұрын

1. Disagree. Maybe at smaller firms or lower tier firms it’s worse, but at the MBB firms it’s mostly a supportive and encouraging environment. Yes, there are instances where it can get toxic, but it’s the exception, rather than the rule (don’t get me started on other corporate environments, you can find toxic people in any organization). Especially, exchanging experiences with bankers, consulting is a pretty good environment. 2. Disagree. You wouldn’t hire them over and over again, if it was all so terrible. 3. Disagree. Stay in consulting for 5 years and switch to a client. Then compare how well you do versus most people in that organization. 4. True 5. Not sure what you mean. Dealing with junior consultants is great. If you mean dealing with clients can feel like dealing with children then…yes sometimes

@DrEhrfurchtgebietend Ай бұрын

@@CaseInterviewHub I am pretty sure this is a PR channel for one of the MBB firms 1. Much worse at MBB (where I am) than other places. Been at a few smaller and several corporate environments. People yelling and insulting each other is common. But it is mostly the politics and backstabbing around reviews. MBB firms teach this to corporate America. 2. I have enough experience to know it is low quality. Some good work is done of course but the bar is very low. The reason people hire us is not for impact. There is a good "how money works" video which explains this honestly" 3. This is sort of the point. At MBB firms you learn how to play politics. You do not learn how to do the work. That is fine if you just want to climb the ladder but some people want to learn to do good work and drive value. 4. At a 70+ hour week the pay is not good when calculated hourly 5. A 25 year old person running a study or a 30 year old partner is a lot to deal with. They typically have poor skills (tech and social) combined with huge egos. In the corporate world you get a lot of Sr. execs in their late 40s and 50s. Experience and education is so important.

@CaseInterviewHub Ай бұрын

This is not a PR channel for anyone but ourselves. We report our (sometimes) critical but always personal MBB perspective, which simply doesn’t match yours. Maybe you want to share your firm and office so our viewers can dodge a bullet. In any case, we recommend you switch jobs if you’re bitter about your career instead of venting on a small YT channel.

@Suavocado602 Ай бұрын

As a former consultant I agree with the low work quality. Stakeholders paid a lot of money for my time and they wanted to see results in the 4-12 month engagements I was involved in. Not having enough time to learn the ins and outs of the process, technologies, and culture meant that I could only do the bare minimum that passed muster. Bad software with bad tests, process changes that only served to meet metrics, and culture changes that were purely superficial. The only thing of value that I did as a consultant that I wouldn't have as an employee was give a platform to the engineers that actually made a difference. My time was valued more because of my price tag so I got to streamline policies that would've otherwise never been tried.

@DrEhrfurchtgebietend Ай бұрын

@@Suavocado602 exactly. Thank you

@anuwatsongkarn1443 Ай бұрын

I used to read one report from big4 consultants company, which we hired them to research our issue.....I would say its meaningless and spent unnecessary huge money.