Uncertainty pushes consultancy buyers to cost cutting
page 3

Public sector outsourcing in unprecedented shift in focus
page 6

Consultants find inspiration in the oddest places
page 16

  December 2011   :  
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Consulting's next big thing
Which MBA will open the door to McKinsey, BCG and Bain?
 In this article we share
the Top 25 business
schools to attend if you
want to secure a career
with McKinsey, BCG or
   Social media means
this data is now readily
available, so the
rankings according to an
analysis of LinkedIn
profiles are shown
   It's one of the
cardinal rules of
consulting - don't
accept opinions and
conjecture if hard data
is available that can
provide the indisputable
   So when approached by
a prospective MBA
student who wanted to
establish which schools
would open the door for
them to pursue a career
at McKinsey, BCG or
Bain, we counselled them
not to rely on hearsay
and opinions but to seek
the hard facts.
   Any careers service
worth its salt should be
able to provide a
breakdown of the
employers where its
recent graduates have
managed to secure
employment. Or why not
leverage the power of
social media and conduct
your own custom analysis
based on querying of the
LinkedIn network?
   XiaoXiao Ma went away
and did just that - and
the results above are
 the fruition of this
work. Similar analyses
were also conducted for
other strategy firms
like my former employer
Roland Berger Strategy
Consultants. But for the
purposes of this article
we wanted to just share
one definitive league
table for the schools
you should attend if you
want to pursue a career
with a top-tier strategy
consultancy rather than
get bogged down in
firm-by-firm detail.
   The data table
published below shows
how many consultants
each firm currently
employs who have an MBA
obtained from each of
the leading business
schools. In other words,
only profiles for those
people who have secured
a job with McKinsey, BCG
or Bain after having
studied for their MBA
and who are still with
that firm. The important
caveats are that this
methodology excludes
data for people who
joined these firms
post-MBA and have since
left; and similarly
includes those people
who were with McKinsey,
BCG or Bain prior to
their MBA, were
sponsored through an MBA
and now have returned to
their employer as part
of the sponsorship deal
(without having to
undergo the MBA
selection process). On
the latter point firms
will only sponsor
consultants to go to the
 schools they hold in the
highest regard, so this
should have no bearing
on the rankings. Whilst
on the former point, we
see no reason why
graduates from a
particular school would
be more likely to quit
consulting than any
other school, so
wouldn't expect this to
have a material impact
on the rankings either.
   We're very grateful
to XiaoXiao Ma for
allowing us to share
this work with you - and
hope it has answered one
of the most often-asked
and enduring of
questions in the
consulting community!
   Caveat: Whilst we
have given some steer to
the research methodology
used above, makes
no representations as to
the accuracy of the
resulting table - not
least because it relies
on data that is a
statistical sample of
all consulting employees
and so cannot be 100%
accurate. Please do
undertake your own
research before deciding
which business school to
attend - and crucially
check on a school's
recent success rate in
securing employment for
MBA graduates with your
target employers.

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