Product Manager

The batch of 2022 was one of the largest, and it's unlikely the system will be able to absorb so many associates/ consultants. How is the morale at your MBB, what is the gossip/ rumours

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Folks 1.5yrs into MBB, how is the promotion to Associate/ Consultant looking like?

Folks 1.5yrs into MBB, how is the promotion to Associate/ Consultant looking like?- Grapevine

With the news about McK also offering severance based voluntary attrition, wanted to get a sense of how are things across MBB in India?

The hiring has been over optimised, the batch of 2024 and the summer intern batch, count of new hires should go back to 2019 levels

How is the promotion scene looking like? Are you hearing of headcount rationalization in the India offices? 

Folks were expecting natural attrition will help with HC nos, I don't think it has really played out that way

How is your MBB/ mgmt consulting looking right now

How is the bench scene like? Are promotions likely to be delayed? What are some rumours

How is the staffing scene at your MBB/ other management consulting firm

It seems like the bear market effects are down upon consulting firms now too

Got to know from multiple people that were joining top consulting firms that their onboarding is deferred by 6 months (across places like Bain, McK etc)

Already enough existing employees aren’t on active cases, and so it seems like they’ve hired more than there is demand for cases, people who have actually been sitting on the bench for months 

If demand does not return, this could really stack up and lead to a problematic situation

Delayed onboarding across consulting firms (MBB too)

Ironic that consultants aren’t able to manage their hiring demand better 🤔

Corporate Strategist

Analyst

How many percent of MBB consultants leave consulting within 3 to 4 of joining the firm , as I heard that good Consulting firms offer great exit opportunities , so how many of them get exit keeping in mind the compensation package , work life balance and other things , are they earn good enough within initial years so they can buy a good house in posh locality ???

MBB: management consulting

Q for the fresh consult joinees, ideally Co22 or 23  about what inside the firms looks like right now. Are you working, how are the projects, toxicity/anxiety?

Fresh MBA grads in Consulting. Hows it looking?

The work hours are catching on, don't want to do 70hrs+ weeks. The promotion at 2 yr mark is also difficult (over hiring in our batch, not enough demand + not exceptional performance at my end). Doesn't make sense to stick around for another year at current comp and workload

What are some exit options in the current market? How should I think about evaluating the career move

1.5yr in MBB post MBA, possible exits in current market?

Hi Guys,
I  am working as a software developer in Oracle( btech from old IIT) . Its been 2 years and I now want to switch to management consulting (preferable in MBB) to experience it so want to give MBA.

1. I did some research but I want to gain some information on the salary aspect of it. I heard that the salaries are not that high they would probably be in the same range that I am getting now. BUT, I want to know in the long run do consultants get more hikes compared to tech roles? 

2. I heard the wlb is pretty bad so is there some resource that I can study to know if thats the right suit for me since its a big risk I’ll be taking moving on to a different field. There are some good exit opportunities also I believe after MBB can someone tell more about it.

Would really appreciate some answers on this. Its on my head for a long time. Cheers!

MBB roles salaries in long run/ worth taking risk

Software Developer

Insight #1:
"Build as much pedigree as you can."

This means going to the right schools, the right clubs, the right academics and the right extra-curriculars.
This also means that you need to get good brands on your resume early and fast. Working in NA, EMEA, Singapore and Australia is typically a plus point.

You typically need to go to M7 schools or IIM-BLACKI or ISB to even have a remote shot at getting in.
This means great GRE/GMAT scores are a necessity. This also means that you need to really nail your LORs. Finally, you need to have exceptional spikes that changes the way people perceive you and your potential translating into a resume. 

Insight #2:
"They care about optics a lot."
The way you look, speak and conduct yourself is probably the biggest thing you can do to improve your odds of getting in. Being at the right places is important. This means if you are already in social circles with Management Consulting folks then some of their habits will rub off on you. This also means that playing Tennis, going to the Gym, going Golfing/Squash/ whatever rich guy sport, the right parties, restaurants and clubs is an underrated advantage.


Insight #3:
"Prepare for Case Interviews"
Case interviews are a crucial part of the consulting recruitment process. Practice solving case studies and seek guidance from mentors or resources to improve your case interview skills. 'Case in Point' is your fucking bible and you need to make sure that you can work your way around guesstimates and reach a conclusive solution in an insight driven manner.

Insight #4:
"Be prepared to walk away."

MBB is not the end of the world and you can out do your peers in terms of Money earned per unit effort spent easily in other fields. So, don't care about what happens. Double down on your Plan B instead.

But if you want to travel the world, walk shoulder to shoulder with some of the smartest people in the business then it is not a bad option. 

Picture: From one of my trips to Bangalore(2023)

How to get into McKinsey, Bain and BCG as a Management Consultant? -By an ex-Management Consultant at Bain

Management Consultant

First MBB reduced bonus. Now EY is laying off US partners. Is something up with consulting in general?

Deals are not happening as it used to. Macros uncertainty is keeping clients on budget tightening. The pre-sales consultants are having hard time to convince the clients

How’s the hiring scenario at MBB for front end consulting role? Are they accepting referral based interviews?

Hiring scenario at MBB

Software Engineer

Welcome to Consulting's Private Community

Is anyone working in MBB Firms ?

Is it hard to get into MBB firms in Bangalore/India? Any tips?

Consultant

I currently work as a Solution Consultant in one of the Top MNCs for Digital transformation
I have been thinking for a while to move into a consultant role in one of the MBBs 
Current experience 4 years.

Can anyone suggest ? Anyone working in MBB can we connect?

Transition into MBB?

Rumours that McKinsey year end bonus cut by 50%, can anyone confirm?

Did McKinsey hire McKinsey to figure out how McKinsey should do cost cutting in a negative macro environment?

Strategy & Operations

Welcome to News Discussion's Private Community

What future does consulting holds, especially MBBs and alikes. Will they continue to squeeze or sort of reverse their recent downfall.

It would be easy to find out who I am if I say anything more but I have worked in cross-collaborative roles across my careers spanning multiple decades in Big4s. I have led several projects for Govt of India and Public Sector Organizations. Personally I have worked in multidisciplinary fields mostly in IT and Databases. I have recently worked in Solution designing and Enterprise Architecture for many large orgs. Most of this is Digital strategy for many offline first businesses.

Ask me Anything!

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