Bain & Company Have heard that MBB companies are lowering their acceptance rates in view of the economic downturn. Does this mean that it will be harder to pass the stages of the interview (eg tighter resume screening, higher scores needed to pass digital assessments, tougher interviews), or will the standards be the same, just that candidates are being asked to join at a later time. Would really appreciate some insights on this. Thank you! McKinsey & Company Boston Consulting Group Bain & Company
Chief
The top of mind question is:
But will they be harder to get into than Harvard?
Same standards same hiring targets for consulting staff. We don’t do cuts on talent at times like these, because that’ll screw us over in three years’ time when we need them to be workstream leads and managers ☺️
don’t worry!
I second this!
Rising Star
It’s still harder to get into Deloitte than MBB…right?
MBBs are more likely to accelerate attrition than to reduce hiring, meaning that if they need to reduce headcount more people will be counseled to leave before they slow down hiring too much.
Correct
Same for us. There is a lot of amazing talent out there right now, it would be dumb from our side to miss out. As Bain says, we will suffer in 4 years if we stop hiring now (you can actually see a gap in our pyramid due to covid slowdown and it’s painful for some cases without middle roles)
Nop, sorry. I don’t take referrals, counterproductive for my role 😊
So just to check in, were there any changes to the hiring rates, especially given the layoffs at McKinsey recently?
If you’re good, you’ll get an offer.
We are hiring at our usual rates, just not our rates from last year (which were higher than normal due to very high client demand)
Rising Star
Got to feed the beast!