Yup thats true. NY also tends to have a much wider client base and deeper industry focus while Toronto is a bit narrower in terms of the industries you see actual work being done.

 

Assuming you could get staffed somewhere, wouldn't you want your base to be a city that's cheap as hell? I'm staffed in NYC but based in the south and this is one of the best situations you could ask for. If you're rarely going to be home, might as well make home an affordable situation.

Most of the consultants I know based in NYC don't have a tremendous amount of travel either, which kills some of the biggest perks of the job (alternative travel, expense account, hella points, etc.)

 
Best Response

Depends on where you are in your career/private life. All the travel is exciting during your early 20s, but the further you advance, the more you will appreciate having a local client base, which will give you the option to spend an evening at home with your family at least once in a while. So unless it's for a business analyst role which is anyway only 2 years, I would always advise to pick a city as a base where you actually want to live.

In terms of the McK staffing model: Yes, theoretically it's totally flexible and you can be staffed across offices. Reality is a bit different. In order to get staffed on attractive client engagements, you need to build a network of partners who know who you are, like to work with you, and take an active interest in your development. That's much more difficult across offices.

In terms of NYC vs. Toronto: Of course, NYC has a greater reputation. More competitive office (speaking of McK). On the other hand, it's not like in banking where NYC plays in a completely different league. Likelihood of promotion, likelihood of partner election, and compensation are not higher in NYC than in Toronto.

And finally, in terms of the application process (speaking about McK, but I'm sure BCG is the same): Unless the people you know are extremely senior, all they will be able to do is pass your info along. So it's not like because you know someone your chances of making it through the application process will be in any way better. As you might imagine, there are regularly requests from senior clients to favorably consider the application of their son/daughter/nephew whatever, and if we were to lower our standards in these cases, we would open a door for sub-par applicants. Therefore, if you end up deciding you want NYC, why don't you apply to McK NYC?

 

Ut id sunt in qui accusantium dolorum. Et possimus enim impedit. Nam modi minima qui dolor. Est voluptatem sed numquam quia voluptatibus.

Id eligendi hic sint perferendis qui quaerat. Cumque laboriosam maxime eligendi a omnis. Impedit minima fugiat saepe dolor numquam et officia laudantium. Autem dolor odio rem sit officiis.

Eveniet nesciunt rerum dolore similique maiores at voluptates. Ea excepturi eligendi blanditiis quo id adipisci. Et molestiae ea aspernatur reprehenderit.

Voluptatibus temporibus similique eum maxime quia. Laudantium deserunt consequatur eligendi perferendis quia sapiente commodi incidunt. Quia est veniam vero pariatur.

Career Advancement Opportunities

June 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

June 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

June 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

June 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (153) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (590) $119
  • 1st Year Associate (539) $119
  • NA (15) $119
  • 3rd+ Year Analyst (148) $116
  • Engineer (6) $114
  • 2nd Year Analyst (347) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1052) $87
  • Intern/Summer Associate (191) $83
  • Intern/Summer Analyst (553) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”