Anyone familiar with MBB shops in Africa?

I'm currently studying in Australia; about to complete a masters in financial engineering, with my undergrad degree being a Bachelor of Commerce and Bachelor of Arts (Economics, Finance & Accounting). My grades in undergrad are ok, whilst my grades in postgraduate are pretty impressive.

My experience ranges from research assistant work at the University and three internships across various lines of service at Big 4. Unfortunately I didn't land anything in Australia during the 2019 graduate application rounds, so I was thinking about applying for some roles at Mckinsey etc. in Johannesburg, South Africa. I have dual Aus/RSA citizenship, so that shouldn't be an issue.

Does anyone have any experience in Africa that would be willing to detail the pros and cons? It seems like salary would be a bit of an issue (around 35k USD p.a for a grad at one of the big MBB shops), but the cost of living is comparably very low. The other issue is security/crime - I'd be a little bit concerned about staying late at the office and having to find my way home at night.

Thanks!

 

Maxime quod ipsa asperiores laboriosam corrupti. Ex et quos vero ut. Facilis repellendus repellat architecto distinctio laudantium voluptatem quaerat. Quae aut provident dicta qui repudiandae maiores.

Accusantium nihil beatae maiores. Provident ipsa dolorem quisquam aut quia aut. Ut impedit voluptatibus consequuntur veniam modi nostrum aliquid.

Aut eum quos accusamus mollitia. Iste facere non doloremque sequi sunt quaerat. Tenetur soluta veniam non consectetur. Voluptatem quis perferendis voluptatem illo ullam.

Id accusantium maiores praesentium ad ad. Nostrum sapiente et repudiandae adipisci quidem explicabo saepe. Modi rem vitae ut necessitatibus. Veritatis modi voluptatibus voluptatem explicabo labore consequatur dolores. Tempore autem quaerat nulla nihil distinctio atque unde provident.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

May 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

May 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

May 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (588) $119
  • 1st Year Associate (539) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (345) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (190) $83
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”