There is a reason why McKinsey, Bain, and BCG are called “The Big Three”. Not only is their .recruiting a lot more selective (recall the earlier stat that Toronto has more consultants at Deloitte (125) than the consultants at McKinsey from all 17 Canadian schools combined (76). Their total compensation is a lot higher as well.
An entry-level analyst at Deloitte makes just $56,409 CAD compared to $82,294 CAD for a new grad analyst at McKinsey. At the associate level, the gap is even larger with an associate at Deloitte making $75,455 CAD, while an associate at McKinsey makes more than double that with an annual salary of $143,235 CAD.
Below we have the graph of school placements for McKinsey, Bain, BCG and for Deloitte and Accenture (DA). The first thing that stands out is the much higher number of students that Deloitte and Accenture recruit relative to McKinsey, Bain, BCG. The second thing that stands out is the sheer dominance of Toronto at Deloitte and Accenture.
But the most subtle yet most interesting difference is the different distributions between Deloitte and Accenture recruiting compared to MBB. For Deloitte and Accenture, the top 5 schools account for 49.55% of all students. While for MBB, the top 5 schools represent 69.96% for all students.
This graph is a perfect visualization of what it means when people refer to a certain university as being a “target school”. The big gap between UBC and Montreal is a perfect graphical representation of the fact that UBC is considered a target school for consulting at an MBB firm, every school after that would not be considered a target school.
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