I have some friends who think Bain is a better consulting firm than McKinsey. I think they’re just different kinds of firms. Is one empirically better than the other?
If we are simply talking in monetary terms, yes. But while Bain pays better than McKinsey, with larger salaries and bonuses, both firms are considered level for training. Moreover, one need only assess the prestige, culture, international exposure, career progression, and exit opportunities of McKinsey to find the areas where McKinsey rivals, if not betters, Bain.
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