Pros
The value that MBB provides is very true. You'll get to work with top CEOs and on amazing projects. Exit options are really great with a good pedigree.
Cons
Horrible hiring practice. I had the fortune of working with MBA interns who were exceptional. Neither of them received an offer, despite our team pushing hard for them to return back to the firm. The partner on the project has no say on hiring here, all of it lies with a central team. Funnily, the central team messed up the hiring so bad that this year Bain didn't hire anyone in final placements because of over-hiring in the previous years. Let me elaborate. Bain India is losing clients left and right with a limited pipeline except for PEG (private equity practice) and these geniuses decided to hire as much as BCG did just to be competitive with no understanding that BCG's revenue is atleast 2x of Bain. People who were supposed to join in 2023 are joining in 2024 because of this and the promotion percentage has been abysmal. I have been forced to say goodbye to so many colleagues who would have received promotions in a fair market but over-hiring has messed up their chances (Yes, up-or-out still exists in MBB). Many of my colleagues are still on bench including experienced consultants with great ratings.