<p>OK, so just to clear things up, is it more competitive to get into Management Consulting than BB IB? I understand that perhaps getting into M/B/B for consulting is harder (this is what I heard, please don't quote me on this), but for the firms that are just under these, is consulting harder to get into than Investment Banking? I've asked this a few times but never got a straightforward answer, so here it goes!</p>
<p>Btw, can you get into Consulting from UT-Austin (possibly BHP if I keep my grades up)?</p>
<p>No I don't think so, on the top levels the competition is stiff in both fields. I don't think one is significantly more difficult to break into than the other... at least enough to take note of.</p>
<p>Well from a logical standpoint, of course it's harder to get into MBB. There are about 6-7 true BBs and only three top MC firms. Assuming that intern class sizes are about the same, yes -- it's more difficult to get into MBB.</p>
<p>Oh, and Austin is probably the most overrated school in the country for banking and consulting. Longhorns leverage their huge alumni network to their advantage, but it is not considered a true target by most BBs.</p>
<p>You didn't really explain why you think it is overrated. Also, I don't believe that UT being a target for banking has any relevance here considering the threadstarter wants to go into consulting.</p>
<p>Why do I need to explain it? It's anecdotal and based on my own observations. As far as your second point, MC and BBs often share the same targets.</p>
<p>You need to explain it because you mentioned it. I don't think anyone has ever put UT on the level of say Wharton for instance. </p>
<p>As for MCs and BBs having the same targets...what are you saying..that they both target top schools? OMG!?!? (REVELATION!) Aside from that, this comparison is a bit ridiculous. Banks are highly concentrated in NYC and generally have smaller and/or less desirable groups in other parts of the country. On the other hand, there are highly desired consulting positions across the country/world. Given the regional aspects of recruiting (top positions included), there is not necessarily that strong of a correllation between a school being a target for banks and consulting firms.</p>
<p>
[quote]
Well from a logical standpoint, of course it's harder to get into MBB. There are about 6-7 true BBs and only three top MC firms.
[/quote]
3? You're leaving something out here. BCG, McK & Co, Bain, Booz and PRTM are all pretty much at the same "level."</p>
<p>I'd imagine it's harder to get internships in MC (notice I said internships and not work) if only because there are fewer bodies in MC than their are at BBs (much fewer, in most instances). It's probably evened out by the fact that there are a lot of different consulting specialties and firms and most kids appear to be more interested in IB than they are in consulting work.</p>
<p>
[quote]
Let me spell it out for you. The OP asked about MBB.</p>
<p>M/B/B</p>
<ol>
<li>McKinsey</li>
<li>Bain</li>
<li>The Boston Consulting Group</li>
</ol>
<p>= 3 top MC firms</p>
<p>And you're kidding me if you think BAH and PRTM are on the same level as MBB. Actually, that's why it's referred to as MBB, not MBBBPRTM.
[/quote]
</p>
<p>******** assumptions of "prestige" aside, BAH and PRTM make more than Bain and BCG. McKinsey probably has the greatest failure rate (and the greatest failures) of any of these companies, it's just not publicized. BAH has a ridiculous amount of sway at the government level, and amongst blue chips for their IT work.</p>
<p>Now personally I'd rather work for a niche IT or management consulting group (like Monitor), but I don't think my personal feelings are directly applicable to this discussion. BCG and McKinsey have history, but factoring BAH and PRTM out of the equation is pretty stupid.</p>
[quote]
Well from a logical standpoint, of course it's harder to get into MBB. There are about 6-7 true BBs and only three top MC firms.
[/quote]
I was responding to,
[quote]
There are only three top MC firms.
[/quote]
I'm aware of what MBB stands for, and you and I both know I was disagreeing with the idea of there only being three. You seem fairly knowledgeable, so I'll let it go, but you and I both know you're wrong on this topic.</p>