Soon after you start your research on management and strategy consulting firms, you will notice that there is no common set of title across firms. Sometimes this makes it hard to understand where you would fit in and who you are talking to, especially if you are interviewing.
Below is and overview of the differences between MBB and the Big Four which both offer consulting services, the titles and their variations.
First, what is the difference between MBB and Big Four?
In consulting, MBB is an acronym that stands for the three most prestigious management consulting firms in the business: McKinsey, The Boston Consulting Group and Bain & Company. Occasionally, the top firms are called the MBBB, with Booz & Company thrown into the mix. MBB consulting firms are not to be confused with the Big Four, the world’s four largest audit firms; Deloitte Touche Tohmatsu, Pwc (Pricewaterhouse Coopers), Ernst & Young and KPMG which also have consulting arms, in addition to doing finance, audit, operations, implementation and tech work.
Second, what are the titles that exist in the firms and their variations?
Although the titles vary, the tasks are similar and mostly you would meet people at six levels. The number of level may increase or decrease by one based on the size of the firm. Promotions from the middle management tier onward tends to be determined by performance and not simply the number of years in experience.
MBB group Titles & Variations:
Big Four Group Titles & Variations:
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Disclaimer: This article is based on our research using corporate sources as well as information shared by online communities. The accuracy of information is not guaranteed for every region in the world, and some variance may apply between countries and offices of the same company.