Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Interview Partners to connect and practice with!
Back to overview

McKinsey and PwC

Hello everyone,

I'm new to the consulting industry, and I've been advised by a friend to explore opportunities at McKinsey and PwC Consulting. I'm curious about how these two companies compare in terms of various aspects such as prestige, work culture, the people who work there, and any other relevant factors. Can anyone provide insights or share their thoughts on this?

Thank you in advance for your help!

4 Answers
1.5k Views
52
Be the first to answer!
Nobody has responded to this question yet.
Top answer
Ian
Coach
on Mar 08, 2024
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

Welcome to the journey!

Now, please buckle in…

You need to do a lot of research and thinking about this industry and if it's RIGHT FOR YOU.

You're casually walking into a very very serious and intense industry - you don't know what you don't know yet.

Please don't embark on this because a friend told you to. Network with a ton of people, watch youtube videos and read articles online. Dive deep into what this role/job actually entails.

If you understand that you will work 70+ hour weeksand that the interview prep alone takes 2-3 months of intense study, then great! Just make sure you're ready for the challenge :)

To answer your question, McKinsey is viewed as the #1. PwC is somewhere in top 10.

Consulting Survival Guide - Tips for Your Consulting Career
Β 

The Pros and Cons of Working at a Top Consulting Firm

The Most Common Pitfalls in Case Interview Preparation
Β 

Florian
Coach
on Mar 07, 2024
1400 5-star reviews across platforms | 600+ offers | Highest-rated case book on Amazon | Uni lecturer in US, Asia, EU

Hi there,

There is a big difference between the two.Β 

While both engage in management consulting, McKinsey is among the top-3 (MBB), which comes with significantlyΒ 

  • higher prestige
  • higher impact in client work (larger clients, more impactful projects)
  • higher remuneration (especially as you progress up the ranks)
  • better exit opportunities
  • better support systems for consultants
  • …

There are, of course, downsides as well. McKinsey hasΒ 

  • a worse work-life balance (client expectations, leadership expectations, travel logistics, work hours)
  • more stringent, albeit not crazy, up-or-out policy

For your research, you should look into all MBBs and Tier-2 firms when applying for consulting, not just 2 at the opposite end of the spectrum. A few years ago, PwC bought Strategy&, another consulting firm that ranks in the tier-2 segment. You could also look further into this company.

All the best,

Florian

on Mar 07, 2024
#1 rated MBB & McKinsey Coach

I see you received a few great answers below.Β 

One tip though - make this question a conversation starter for networking coffee chats.Β 

So practically approach consultants currently working at the two firms and ask them for their perspective and their thoughts on it. Based on how the conversation goes, you might even get a referral from it.Β 

Here's how to lead these conversations:

Best,

Cristian

Pedro
Coach
on Mar 07, 2024
Bain | EY-Parthenon | Private Equity | Market Estimates | Fit Interview

McKinsey, much higher prestige, better training, more analytically challenging projects, faster career progression, better pay, better brand, better exit opportunities, but more demanding (in terms of performance, rigour / tolerance to errors, and hours). PwC more likely to do process improvement or implementation work.

Similar Questions
Consulting
solve – McKinney's assessment game excel templet
on Mar 05, 2024
Global
6 Answers
3.4k Views
Top answer by
Ex-McKinsey Partner | Most experienced coach (15 years exp, +2.000 real interviews) | 95% success rate
132
6 Answers
3.4k Views
+3
Consulting
Mckinsey Case interviews
on Feb 29, 2024
Global
8 Answers
3.1k Views
Top answer by
1400 5-star reviews across platforms | 600+ offers | Highest-rated case book on Amazon | Uni lecturer in US, Asia, EU
116
8 Answers
3.1k Views
+5
Consulting
Mckinsey Solve - awaiting results
on Mar 04, 2024
Global
6 Answers
2.9k Views
Top answer by
#1 recommended coach | >95% success rate | most experience in consulting, interviewing and coaching
117
6 Answers
2.9k Views
+3
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
You are a true consultant! Thank you for consulting us on how to make PrepLounge even better!