Strategy Simplified
S13E20: 3 Reasons Why MBB or Bust Is NOT for Everyone
Apr 3, 2024
Exploring the drawbacks of a 'MBB or bust' approach in consulting, sharing reasons to consider alternative firms. Discussing the competitive consulting market and benefits of broadening horizons. Insights on limited MBB seats, gaining diverse experience, and resources for finding the right firm.
08:20
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Quick takeaways
- An 'MBB or bust' approach may not be suitable for most aspiring consultants due to the extremely low acceptance rates and intense competition at McKinsey, Bain, and BCG.
- Exploring alternative consulting firms beyond MBB can provide candidates with higher acceptance rates, diverse cultures, and potential professional fits.
Deep dives
Challenges of the MBB Approach
The podcast discusses the challenges associated with the 'MBB or bust' approach, highlighting the competitive nature of getting into McKinsey, Bain, or BCG. With less than a 1% acceptance rate and over a million applications annually across all three firms, the odds of success are significantly low. The limited seats at these prestigious firms make breaking into the industry a tough battle, even for highly qualified candidates. The podcast emphasizes the importance of considering alternatives beyond MBB to increase the chances of a successful consulting career.
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