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.

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

Welcome to Business Roles's Private Community

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

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

Hi,
I am working in an mnc as a software developer since 2 years after graduating from a top tier IIT. But I don’t see myself doing this in the next 5 years.
Should I do an MBA from top tier IIM college? I know it will not be beneficial in short term but in long term is it a good idea? 
Anyone from similar backgrounds do share your experience.

Should I do MBA after IIT

Software Developer

I currently work as a senior analyst in risk management and analytics at one of the big 3. Don’t really like the work or long hours. What are my exit options? 
Can I move to tech in some product or strategy roles?
Or can I get a VC or PE analyst role?

Appreciate if anyone can share their experience of post exit from consulting.

Yoe 3
MBA tier 2

Exit opportunities post MBB experience.

Founder

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

Hiring scenario at MBB

Software Engineer

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 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

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?

I am very fascinated by Management Consulting and been speaking with ex consultants. All of them are critical of it, but agree the money is good 🤤

Need advice 

- Do these companies take lateral hires? I have seen only IIM candidates freshly graduated being taken in
I'm not IIM, but MBA with 6 years of work ex

- MBB have shittiest WLB and highest money. Which comes down as per tier. Which is the best tier to get into, so I have best of both worlds (less shitty WLB with lesser money)

Getting into Management Consulting

Consultant

While personally checking out every consulting company's career page is doable but time consuming... i wanted to get an idea from the community 's experience on the recent openings for a consulting profile.

Which consulting firms are currently hiring for India based roles?

Growth And Strategy

I'm a 28-year-old guy currently employed as a data scientist at a Fortune 500 company, earning a respectable annual salary of 24 lakhs. Lately, I've been contemplating pursuing an MBA, but I haven't initiated my GMAT preparation yet. I'm wondering if it's a wise move to transition my career in this direction. I've heard that individuals with a tech background who graduate from IIM/ISB might need to begin their careers anew, typically with a salary in the range of 27 to 28 lakhs. Can you confirm if this is accurate?

Data scientist —> MBA? Grass greener on the other side ?

Welcome to Office Gossip's Private Community

Yesterday I completed 10 years of career in consulting. Started with a Big 4 and then moved to another consulting giant Accenture Strategy 2 years ago. In this tenure ,I have met a lot of talented people, worked with some of the smartest ones and travelled the world like anything.  Now looking for the next 10 years of better work life balance :P .

Lookback

Business Analyst

Current recession giving ‘08 vibes to consulting companies in India:

- Accenture Strategy considering layoffs
- Deloitte (Consulting) considering layoffs 
- Mckinsey - already have done non-consulting layoffs
- MBB - expected to push out joining dates for new hires by at least ~6 months (most likely new joiners who were expecting to join in July-Aug 23’ to join only starting Jan 24’)

Slow pace of new projects, ramp down of existing big clients, massively over hiring in 2022 (key reason) has led to most people being on the bench.

Wouldn’t be surprised if the ‘Up or Out’ model comes into action more aggressively for the upcoming appraisal review cycle(s).

Brace for impact!

(all unconfirmed, heard through ‘grapevine’)

Consulting layoffs

Welcome to Ask Grapeviners's Private Community

I have always been wanting a career in management consulting or strategy consulting companies like McKinsey BCG Bain & Company.

Being in IT consulting for over 3 years I wonder if it’s still possible for me to transition to management or strategy consulting companies?

Any help or insight on this is appreciated.

Is it possible to shift from IT consulting company to MBB?

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 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

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

1. What was your profile before exit - MBA vs Bachelors, how many years at consulting, key reason for exit
2. What industry/ role did you exit in - was it related to any case you did, how did you zero in into the role
3. How is the overall compensation, what is the expected growth rate expected?
4. Do you plan on coming back to consulting in future?

What did you do after an MBB/ similar consulting role

How is job market for Digital Marketing and growth for B2C.  Most of the interest first or mobile first companies are not hiring or hiring at very less exp. and pay.

Can see opening for B2B or product marketing but nothing much from Growth or Performance marketing.

Read there are many who have been laid off some more than 6-8 months but still struggling to find the right opportunity.

Also many senior level guys, on LinkedIn have got into consulting or Fractional CMO roles as they package might be high and no one is in need of such experienced senior ppl team. 

How or when this will change ? 

During 2018 or even 2020 many said Digital or growth marketing will be the future, demand will increase as all business, users go online.. but now seems to be other way round..

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

Discover More

Business Roles on

by Kendall Everett

Student

How is your MBB/ mgmt consulting looking right now

Business Roles on

by Aaron Taye

LivSpace

Delayed onboarding across consulting firms (MBB too)

Business Roles on

by Blair Taye

Oracle

Should I do MBA after IIT

Big 4 on

by Blair Carmden

Founder

Exit opportunities post MBB experience.

Business Roles on

by Kendall Lee

Stealth

Hiring scenario at MBB

Business Roles on

by Dezi Everett

Zomato

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

Business Roles on

by Jordon Denver

Student

MBB: management consulting

Business Roles on

by Aaron Denver

Student

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

Business Roles on

by Blair Everett

Stealth

Getting into Management Consulting

Business Roles on

by Aaron Lee

Reliance Nippon Life Insurance

Which consulting firms are currently hiring for India based roles?

Business Roles on

by Kendall Taye

Freelancer

Data scientist —> MBA? Grass greener on the other side ?

Office Gossip on

by Anise Dean

Google

Lookback

Layoffs on

by Kendall Nadeen

Stealth

Consulting layoffs

Ask Grapeviners on

by Dezi Carmden

Infosys

Is it possible to shift from IT consulting company to MBB?

Business Roles on

by Kendall Everett

Student

Fresh MBA grads in Consulting. Hows it looking?

Business Roles on

by Anise Taye

Student

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

Business Roles on

by Matilda Carmden

Student

What did you do after an MBB/ similar consulting role

Business Roles on

by Karilyn Lee

Jobless

Are Digital Marketers finding Job ?