How was my lifestyle as a BCG Consultant?
In this video, I decode the travel, hotel stay, gifts, and annual bonus - all comprising lifestyle of a Mckinsey, BCG, and Bain Management Consultants!
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Shatakshi is Co-CEO of Global Governance Initiative (MBA program recently featured by Poets & Quants), an Ex- Boston Consulting Group, BCG, management consultant, writer, and a former public policy advisor in Tony Blair Institute for the Middle East region.
She has been also felicitated with The Most Promising Women Leader 2021 award by ET and Linkedin Top Voice 2021.She will be uploading daily content on career advancement, personal finance, and productivity hacks. Be sure to subscribe to the channel to get notified whenever she uploads the video.
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Video Transcript-
As most of us are aware, MBB Consultants are not just known for their competence, but also for their flamboyance and luxurious lifestyle. Before I begin unrolling these lavish perks of management consulting, you must note that consultants' experiences change based on roles and geographies and I would be sharing my experience as a BCG consultant in the India Office. Typically undergraduates and people in their mid-20s are eager to hop onto the bandwagon of consulting because of the status and glamorous lifestyle attached. While there are undeniably some great perks, the job does come with more fulfilling experiences, meaningful learnings, and relationships. And all these elements continue to bear fruits, even as an alum.As always, I have structured this career insight into 4 significant sections as follows. 1. TravelRight off the bat, let's get into the most interesting topic, which is the travel lifestyle of a consultant. As a consultant, if I were to be transparent, I experienced all the finer things that accompanied this strenuous job. For example, I traveled on a premium class ticket from Vistara to Kolkata, every Monday morning for my first case. Post that, every Thursday night I would fly back to my home office in Delhi on Fridays. To put it mildly, you do become well acquainted with airports over time :) To put things into perspective, every consultant takes a bare minimum of 2 flights, to and fro, every week. However, as you move higher up on the ladder, you can fly out at least 5 times a week. Overall, I have met very less consultants who have been fond of traveling so much. To bring the point of perks back, you are also rewarded by flights with premium or business class membership, as a result of an extensive amount of travel. I recall a colleague and a friend in BCG who funded his trip to Bangkok without spending a penny from his own pocket! Now talking of the other benefits, minor things such as your entire food and drinks on the flight are taken care of by your firm. Taking luxury a step further, you also get access to a BCG car with a chauffeur for road travel. This certainly prevents the hustle-bustle of booking a cab and meeting at the right location. Overall, as shallow as these perks might sounds but they definitely appreciate the value of a consultant's time and make their life much easier. 2. Fancy StaysDiving into the most fantasized point- the high-end hotel stays. It is commonly known that Mckinsey, BCG, and Bain consultants get to stay at the Hyatts and the Marriotts of the world. We were mostly hosted at 5 Star hotels for work trips. You get the luxury of dining at Michelin-star restaurants while not looking at the prices. In fact, we have flown to Bangkok for our South Asian BCG orientation. I had a gala time during this 1 week's trip. 3. BonusMoving onto the most scrutinized aspect of consulting.The salary of a consultant is like a hockey stick, their salary and bonus increase with time and experience. There is no end to the bonuses after climbing up to a certain point in the hierarchy. It is well known, that consultants don't only make a fixed salary, a large part of their salary is accompanied by generous annual bonuses they receive.
21 ноя 2022
