Hi all,New to this field and this forum. Have been coming across a few acronyms and concepts that keep cropping up which I'm not aware of. Anyone got definitions please?MBBB:MBB:Blue Chip:Top Tier:Second Tier:Thanks,D

MBBB: McK, BCG, Bain, BoozMBB: McK, BCG, BainTop Tier: often synonymous with MBB (but people will differ)Second Tier: Could mean anything, from the Big 4 Accounting Firms to people like PA to strat firms like Marakon/LEK. Usually a bit meaningless unless it is clear in the post the type of consulting (Strat, IT etc) being talked about. Even then, people can argue ad infinitum about so-called 'tiers'.Blue-Chip - standard business term, look it up

Let's all have an argument ad infinitum about definition of 2nd tier, we've not seen one on this forum in ooohh hours!

What about 3rd tier? Bottom of the barrel consulting firms can be pleasant places to work if you don't mind losing a few £££ in order to buy a bit more time with your family!

Thanks for your help MBB. Is there 3rd tier firms, what firms would this tier consist of?P.s. I looked up 'Blue Chip' firms, no real definition or examples.D

...when you consider 'Big 4' means at least 8 companies, one of which doesn't even exist any more:http://www.big4.com/

Who is getting relegated this season?

Blue-chip is derived, and you may well not be shocked to hear this, from the expression 'blue-chip'. These were high stake chips commonly found at a Casino.It actually tends to mean FTSE 50-100 Corporates that are large in price terms.Sadly it is the sort of phrase that is much used in recruitment text, but much less well understood.