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
It was only a matter of time. When the client have lesser money - and old projects get finished - consulting firms will feel the pressure on new projects as there aren’t many
Def. happening at EY, and Accenture Consulting rn.
Didn’t know they are affected by this too. It hadn’t come to business roles so far, but looks like it is
MBA grads too from India?
I heard Bain India is onboarding, people are supposed to join in July.
My brother got a campus placement at McK this year from IITD. He is worried because his joining hasn’t been announced. This affects him as well?
Current recession giving ‘08 vibes to consulting companies in India:
How is the bench scene like? Are promotions likely to be delayed? What are some rumours
Did McKinsey hire McKinsey to figure out how McKinsey should do cost cutting in a negative macro environment?
