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Finally waiting over for this video 😀 Quiet insightful as well :)

@MBACrystalBall

Жыл бұрын

Glad you found it useful. Now that you know what it takes and how they differ, how close do you think you are to getting into McKinsey or any other MBB firm? What's missing from the equation?

highly insightful video!

Thank you so much for this video Sameer, it was really informative.

Great Video.

Mate from 2022. MBB is offering base salary of 190000 $ - 1920000 $ +++. 1st year gross salary comes to 275000 $ for a MBA in USA.

Hi Sameer, great video. Quick question, the Bain India salaries for Project Leaders and EM's seem to be off (timestamp @ 8:13). I would assume that the employees at the EM level would be earning more than what the folks who've just joined the firm post their MBA's. Maybe this warrants a re-look at this particular figure? Thanks for your help in the community! Really appreciate everything you do.

@MBACrystalBall

Жыл бұрын

Great question! Since this data isn't easily available, we sourced the data from a consulting website, which in turn may have sourced it from sites like Payscale. With such informal data sources there's the caveat that some salary stats may not be as accurate as we'd like them to be. Other than dumping the salary stats, the sourced site hasn't drilled deep into the nuances or explained the anomalies. One reason we could think of was that the India data may have mid/back office role salaries mixed up with consultant salaries. Rather than massaging the data at our end, we included it all in its original form. Is there any other (more accurate) source that you've come across?

Good overview. The salaries for the US roles are dated. For e.g., In the last year, base salaries at associate level at McKinsey have gone up by ~30k than what’s presented here.

@MBACrystalBall

Жыл бұрын

Thanks for highlighting this, Neha. You're right. Associate level salaries at MBB have gone through the roof recently. In the US, MBA grads are being offered close to $200K. We used a third party site as the source for the salary data and realised that there would be some figures that are off the mark. But we hope this video still offers an indicative benchmark for those comparing it with salaries in other industries, and not just within MBB. Do you work in consulting?

@nehachatterjee9284

Жыл бұрын

@@MBACrystalBall That makes sense. This video is definitely going to be helpful to many, regardless. And yes, I am not a consultant yet, but I’ll be starting to work in consulting in a few months.

@MBACrystalBall

Жыл бұрын

Ah, interesting. Is it an MBB firm?

@nehachatterjee9284

Жыл бұрын

Yes.

If a MBA joins MBB in USA, what will be his/ her increment after completing one year & after completing 2nd year Thanks

First comment. Great video Sameer, loved the insights.

@MBACrystalBall

Жыл бұрын

Thank you! The first few comments are always the most special. Has MBB been on your radar?

@LearningAndGrowingInLife

Жыл бұрын

@@MBACrystalBall The pleasure is all mine. The first things in life are truly special indeed. Not at this time, in my early 30s and I hear the work life balance for MBB is brutal (lots of travel, brutal work hours) but does seem to have good exit options. Plus I have noticed increasing amounts of MBB folks wanting to move into tech (as Product Managers or in Strategy & Operations role).

@MBACrystalBall

Жыл бұрын

@@LearningAndGrowingInLife Yes, that's the part that turns off most aspirants. While the work is very interesting and acts like a second (more practical) MBA, the toll it takes on consultants is very high. Which is one of the reasons the attrition is so high in these firms, despite offering ridiculous levels of compensation and perks. Most plan to stick around for around 3 years and then get an exit. And flashing their McKinsey, Bain, BCG brands is generally sufficient for many doors to open. Which tech firms have your ex-MBB friends joined?

@LearningAndGrowingInLife

Жыл бұрын

@@MBACrystalBall Thanks for the insights, absolutely agreed. I have noticed some getting into big tech (likes of MAANG) and startups. Also some who move to MAANG tend to pivot to startups after their stints as feel they can have more ownership of the product there & evade the bureaucracy that big companies can have sometimes.

@MBACrystalBall

Жыл бұрын

MAANG sounds logical, since they're among the few out there with the brand and deep pockets that match ex-MBB's priorities. Getting into startups to escape bureaucracy sounds interesting, as they've polished their skills in big, bureaucratic organisations. They generally don't have the skills to thrive in chaotic environments. To take an analogy, they've spent this formative years telling captains of large, stable ships on how and where to navigate. Based on that experience, if they decide to jump into a raft in the stormy turbulent seas, we can only imagine the adventures that follow. Does that sound right?

Hello Sameer Sir, Can you please tell me that average scored acads students are eligible for MBB. As I heard from people that they check first their academics at the time of recruitment

@MBACrystalBall

Жыл бұрын

As with business school admissions, the MBB recruitment process considers a wide variety of data points - including academic performance. But it's not evaluated in isolation. A few queries to understand your situation better. - What's your qualification and how good/bad are the grades? - What field do you currently work in and for how long? - Do you have an MBA, or are you planning to get one?

Hi Sameer, how do you think doing an MBA abroad and coming back will be seen by consulting firms in India or even other job opportunities. E.g. kelley indiana MBA.

@MBACrystalBall

Жыл бұрын

A brand new car's value drops the minute it is taken out of the showroom. MBA recruitment can follow a similar path. More often than not, you'll get access to the best jobs when you're hustling from the business school campus. When you leave your alma mater and head back home, perceptions and ground realities change rather quickly. You're now competing with the local talent from the elite bschools like IIM, ISB that have a better brand recognition and alumni networks in the country compared to many international brands. With the exception of a few marquee university/bschool brands, most aren't as globally appealing as we'd expect them to be. The silver lining is that the value graph can soar if you are able to gain good post-MBA experience. Unlike the car analogy, where the value continues to plummet with additional mileage, the combo of a good MBA + good work experience will get your value back to where it belongs. Elite consulting firms (like MBB) do most of their grad level recruiting from their feeder programs. If that's what you're aiming for, your odds of getting hired are the highest when you follow their regular campus hiring cycle.

Respected sir, I am confused whether to go with my current 1 year experience for a Management Engineering/ MiM program in Europe or to wait for another year or two and then go for an MBA ? Each day I feel like leaving my current job more strongly . Could you provide some clearance ? Regards.

@MBACrystalBall

Жыл бұрын

Do you have any specific goals in mind after the degree, as opposed to just the urge to leave the current job?

On the face of it, MBBs are clubbed together. But it's only after going through such a video and while interviewing, do you start appreciating the differences. If you are in that envious position to choose, it helps to know these and take a more informed decision.

@MBACrystalBall

Жыл бұрын

As a former McKinsey consultant and recruiter, and a (current) mentor to MBA candidates aiming to get into consulting, is there anything else that you would've wanted consulting candidates to know?

@ManishGuptaiam

Жыл бұрын

@@MBACrystalBall the video covers the lifestyle and travel part well. That's a big part of consulting and something aspirants must know. For some, it is a perk but for some others, it can be a bane. The other part to know is that the competition to get into MBB is extreme. They are super selective and don't make too many exceptions to their 'lofty' standards. So while you aim for them, it's usually a good idea to have a backup plan in place.

Does MBB allow to transfer from US office to India? Considering a move to India in later years with such experience.

@MBACrystalBall

Жыл бұрын

Yes, it's possible. But it'll also depend on a few things, including: 1. Your performance record in the firm 2. The manpower requirements in the target office 3. A partner in the target office who supports your move (and bears the expenses) 4. Visa requirements (if any). The last one isn't going to be an issue for you if you're transferring from the US to India, assuming you are an Indian citizen. Btw, was that a hypothetical question or are you currently working in MBB consulting and planning a transfer?

Good afternoon Sameer sir ,does atkt in my graduation will affect my chances of admission in top mba Universities ? Please reply, thank you

@MBACrystalBall

Жыл бұрын

It would have an impact on the adcoms' perceptions. so you'll need something to compensate for it, in other academic or non-academic ways. Where do you work now, and for how many years? Do you have a GMAT / GRE score?

Hi Sammer, Should one do an MiM from Insead if he is from business background???

@MBACrystalBall

Жыл бұрын

Do you have any specific career plans to use that INSEAD MiM degree?

Hie Sameer, does MBB recruit retired military Officers with 10yrs of service who doesnot have a MBA degree. What skills/ certifications do we need in India to appear and clear for an interview?? Would love an answer or a video on this topic.

@MBACrystalBall

Жыл бұрын

Yes, MBB firms recruit military veterans. For instance, McKinsey has the Veterans@McKinsey initiative designed to support and onboard vets. But in most cases, the bulk of the recruitment happens on campus (check out the feeder programs in our other video on how to get into consulting). The rationale being - a degree such as an MBA can help them build a solid foundation of the business principles and make the transition from the army/navy/air-force to the corporate world. Without a relevant business degree, it would be significantly more difficult to get a foot in the door for an interview. Are you planning for an MBA or is that completely off the table?

@atiquehussain3631

Жыл бұрын

Thankyou for the reply. I am not planning to do an MBA immidiately after retirement as I have some family commitments. Can you share some relevant certifications which will help in cracking into MBB. I would also like to know your views, if MBA is compulsory to get into top management roles in corporate. TIA

@MBACrystalBall

Жыл бұрын

For MBB hiring, certifications don't act as alternatives to full-time degrees. They can enhance a profile, but are typically not considered as game-changers, since it's relatively easier to get them compared to highly-selective and rigorous degrees. MBA is not compulsory to get into top management - provided you have other traits, experience and track record that can be considered as exceptional for that industry.

@atiquehussain3631

Жыл бұрын

Thankyou for all the information. As always your contents/ comments are very informative and has helped me in moving towards the correct direction Regards😊

Hello Sameer, I am Ayan Mondal, a class 12 pass out. I am 19 years old and in the process of getting admitted into a top college in India for a Bachelors in Commerce Degree. I have a goal of studying abroad from the best institutions in the world. I have viewed it as a challenge to get admitted into a top b-school program for MBA. So what are the skills that I should focus on in our undergraduate years in order to build an excellent and "bullet-proof" profile for getting into the top MBA programs like HSB, Stanford, Wharton, Columbia etc. I am looking for some specific tips that I can apply in the next three years.

@MBACrystalBall

Жыл бұрын

Here's what you can do to improve your profile when you're in college: www.mbacrystalball.com/blog/2019/02/11/improve-profile-in-college-how-to/ Also check out the profile building video we have on our channel.

@namanverma8393

Жыл бұрын

Which college did you get in

@ayanmandal1342

Жыл бұрын

@@namanverma8393 I haven't got admission yet, but I have applied for St. Xavier's kolkata and Symbiosis College of Arts and Commerce pune.

@namanverma8393

Жыл бұрын

@@ayanmandal1342 good luck brother

@ayanmandal1342

Жыл бұрын

@@namanverma8393 thanks bro

I'm currently based in Toronto, Canada. Pursuing a diploma course in Canada after my graduation in India. I came to pursue this diploma so that it can be a pathway to PR for me so I could pursue my master's or MBA in Canada. I am looking to move back to India as I'm only interested in studying abroad and not staying abroad. could you please guide me and help me?

@MBACrystalBall

Жыл бұрын

The approach seems a little confusing. If you aren't planning to stay back there, why would you need a PR? And if you want to come back to India, most Canadian MBA programs do not have the same brand value back here.

I'm currently working as a Data Analytics professional at one of top product based Companies. Previously I worked at BIG4. Currently I'm having 2.8 years of experience. I want get into Management Consulting/ Product Management post MBA. I'm planning to do international MBA. Can you please give me some suggestions regarding Profile building.

@MBACrystalBall

Жыл бұрын

The two careers you've listed require a unique and contrasting set of skills. So you'll first have to narrow down on one that you want to mention in your application, and then focus your energy on building your profile in that direction. Do you have a strong preference between the two?

@victormendis2630

Жыл бұрын

@@MBACrystalBall I'm currently exploring these two fields. Not sure which one to choose. Is it mandatory to choose one?I heard from many B-School grads that there are some skills which are overlap between Product Management & Management Consulting. Seen some folks who had successful transition from management consulting to Product Management. Can you please provide your two cents.

@MBACrystalBall

Жыл бұрын

No harm in having two or even more goals before starting out. But in the applications, it can also come across as not being serious about either one. Which is why we recommend going with one and building a clear roadmap around it so adcoms aren't confused. Check out our video on profile building, or send us an email if you'd like some professional guidance on the same.

@victormendis2630

Жыл бұрын

@@MBACrystalBall Sure. Thanks a lot.

So basically I'm a computer science gard but have absolutely no interest in software engineer but everyone seems to be asking me to pursue it anyway coz the pay is great. I'm interested in ux design/product design career but I'm quite unsure about the Indian ux job market as well as the pay. I'm in dilemma now that should i pursue ux or switch back to Software engineering. Or if there are any other career paths that pay decently and also have interesting work

@MBACrystalBall

Жыл бұрын

You'll have to first gain clarity for yourself on what you value more - a high-paying job or doing something that you enjoy. If it's the former, then nothing beats a regular software development job. If it's the latter, you could make the switchover to US/design roles. Do you have any design experience? How did you come to the conclusion that you have the skills and will enjoy working in that space?

@ganesanvartha

Жыл бұрын

@@MBACrystalBall I took the google ux Design course and pretty much loved it. Although I don't have formal design degree It is a very diverse field with people coming from all different sorts of background.

@MBACrystalBall

Жыл бұрын

It would add some credibility if you can showcase some design projects you've done. Even better would be to do an internship (paid or otherwise) to show real world experience. With an enhanced resume that includes the relevant skillsets, you'd have better luck as you scout for full-time roles. Do you have any companies on the radar that you can reach out to?

@ganesanvartha

Жыл бұрын

​@@MBACrystalBallwill Mostly be targetting mid to large level product based companies or startups coz these are the only kind of companies in India that value design.

@MBACrystalBall

Жыл бұрын

So you have your gameplan cut out then. Polish up your credentials, reach out to some folks in those companies to gain some more familiarity, and hopefully a warm introduction to the recruiting team.

Just saw your post on LinkedIn, the video is super insightful.

@MBACrystalBall

Жыл бұрын

Glad to hear that! Are you planning on a consulting career? Also, curious to know if you got the notification, when the video was released.

@fuckitweball

Жыл бұрын

@@MBACrystalBall Yessir, I am planning for a career in consulting and I didn't get the yt notification.

@MBACrystalBall

Жыл бұрын

What's working for you and what do you think you need to work on, to get closer to that goal?

@fuckitweball

Жыл бұрын

@@MBACrystalBall tbh I am clueless.

@MBACrystalBall

Жыл бұрын

If you could share your queries, we can try to fix some of that confusion.

Hi I am working in an government organization since last 10 yrs. Overall I have 12 yrs of work experience. I am looking for a career change possibility. I don't have GMAT score, CAT or any other score. Can you pls guide me regarding any good full time executive MBA College from India or abroad with proven placement record which takes admission on interview and profile basis. Thanks & Regards

@MBACrystalBall

Жыл бұрын

There are some colleges that might waive the GMAT requirement. But your other condition (proven placement record) could be a challenge to meet. The way recruitment happens in GMAT / GRE MBA programs is very different from how it works in 2-year MBA in India. Also, you haven't shared anything about your post MBA goals. Have you thought of what you want to do with the MBA?

@brajrajthakur3147

Жыл бұрын

​@@MBACrystalBall Yes, I feel stagnant in my present organization. I want to grow. Want to work in a competitive world and excel. In my short term view want to work in middle management till I am financially independent and free from liability. Then might go for a Doctorate(phd) in economics. I find economics very interesting. There is a lot to do in this world.

@MBACrystalBall

Жыл бұрын

When it comes to MBA applications, adcoms would want to see more specific goals in terms of a specific industry, role, geography combo. And also reasons on how you think an MBA will help you get there. So start thinking on those lines too. All of this will also help you evaluate if the risks and rewards of getting an MBA work for you.

@brajrajthakur3147

Жыл бұрын

​@@MBACrystalBall I want to work in General administration/ Finance field. Roles I believe I will get at the moment in middle level management. Location is preferably in India. I have planned things in my mind. But need some guidance from expert like u. I was going through some website where they mentioned MIT Sloan are taking admission on good experience basis. Is it true. I have more than 12 yrs of experience. In present job 10 yrs exp. Pls let me know.

@MBACrystalBall

Жыл бұрын

​@@brajrajthakur3147 Reach out to those programs, share your profile details and request for a test score waiver. When you have a nod from them, there's less uncertainty on whether they'll entertain your application or not.

make a video on jp morgan vs bank of america vs citigroup vs wells fargo vs Goldman Sachs vs Morgan Stanley as well for finance aspirants.

@MBACrystalBall

Жыл бұрын

Thanks for the suggestion. We made this one as an experiment to see if viewers appreciate this type of content. If we get a good response to it, we'll definitely consider creating more on similar lines.

I have a question regarding selection process at INSEAD for MBA. Whether a gap in career affects getting selected to B schools like INSEAD /ISB? I have 10 years of experience in automobile industry. I have been preparing for GMAT since last 2-3 months. Due to hectic schedule at office, I am not able to give enough time for preparation. I am thinking of quitting my job and prepare for GMAT. Will this decision affect my selection at B school?

@MBACrystalBall

Жыл бұрын

1. Career gaps will always be seen with raised eyebrows. It's up to the candidate to justify it. In your case, what was the reason for the gap? 2. We've answered the second question here on whether it's ok to quit your job for GMAT preparation. www.mbacrystalball.com/blog/2015/04/17/quit-job-to-study-for-gmat/

I've got 10 years of work experience in IT. I'm currently working in Cyber Security field. But I've come to realise lately that an MBA would give me the right boost in my career progression. How do I contact you where I can explain everything in details, over a call? I believe a call would be better. Please do share you number. Thanks!

@MBACrystalBall

Жыл бұрын

An MBA after 30 can get quite risky, especially for career changers. What's the rationale for going for an MBA? Do you have a specific career goal that cannot be met without an additional degree?