How are McKinsey and other MBB firms doing? Any layoff/furlough in any department?

likehelpfuluplifting
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Nor here

likefunnysmartupliftinghelpful

Nor here

likefunnysmartupliftinghelpful

I like this

like
Recent IconRecent

Not here

likefunnyupliftingsmart

Synthesis: doing well

likefunnyupliftingsmarthelpful

Most concise yet informative post all week.

likefunny

Please keep the number of likes equal among all three posts

likefunny

At 170 likes, equal. This is Gods work!

smartlike

I’m glad McKinsey commented first. Would’ve really bothered me if it was in the wrong order lol

likefunny

Wasn't that BlackBerry messenger?

likefunny

MECE in its purest

likefunny

It’s pronounced /‘mesi/

To be clear though - with strict up or out promotion points every ~2 years and opportunities to force people out at interim reviews, MBB has powerful levers to manage headcount with out resorting to layoffs or furloughs

likesmarthelpful

H 8n e

like

BCG Paris are doing salary reductions, not sure if they are temporary or permanent though...

likefunny

Synthesis: EU is falling apart?

I opened up a small company and I’m selling and will be hiring in May

like

@MC1 in NY and NJ - financial services with data management background. Someone who is mature, can articulate, challenge and present complex data to client. Core consulting is the key to win the client heart

like

I don't think any of the major reputable consulting firms have dones any COVID-19 related layoffs, right?

like

Layed off 5+%

Ok so no layoffs. But what about new hires? Especially campus recruiting in Fall 2020? Is it potentially going to be lower than usual?

Campus recruiting will likely be similar to usual - have to maintain those pyramids. But lateral and experienced hire will likely fall off.

Doesn’t mean competition for that same number of spots won’t also be higher though.

likehelpfulfunny

Im facing exactly this same situation as the person who post. Is there a way we can dm each other? Which office r u at? Wht did hr tell u? Hr told me that i have the option to leave voluntarily even though performance rd has nt been conducted n no CTL yet.. they somehow told me tht CTL is highly likely.. please share more details of your situation

Related Posts

Good answer for “what motivates you” for MBB interview without the mention of 💵

like

Anyone got the skinny on Alix consulting?

Got pinged by a recruiter for an MD role in digital transformation

He claims they compete with MBB and Alvarez.

Thoughts?

like

A quick note about what I’ve experienced, in my decade long career, is the real advantage of MBB or FAANG - it gives you a shot at stretch roles that are outside your expertise. Not all the time or even most of the time compared to better candidates with specific experience for the role but gives you this wildcard shot at a vast array of opportunities.

like

Wow! What a day! What type of company starts layoffs right before the holidays? Lost my job this morning and I am stressed out. Is there any chance of finding a new job before the holidays? I'm doubting it.

likehelpful

Is Gary Vee still saying that all of their layoffs were not covid related? Vayner folks, is that true?

like

Do MBB firms usually give temporary accommodation to look for a place for people relocating from outside?

smart

Hi everyone, really sorry to hear about the recent layoffs. I would be happy to refer to KPMG—please DM me if you’re interested.

like

Hi Fishes,

I have been laid off due to no project in EPAM anywhere. Please help me in getting immediate job with Manual testing, API testing skills. Total experience is 7.11years ans relevant experience is 3.2years. Last da will be 20th September 22. Preferred Work from Home location.

like

hearing there was massive layoffs at concentric today. in the dozens. can someone confirm or refute?

like

Hiya!

I'm looking at applying to MBB (Preferably BCG) for a summer internship this summer. I'm a first-gen Oxbridge student, and while I have little experience in consulting along the lines of MBB, I did work in the city last summer as an sustainability consultant.

I'm curious how important it is to have a referral etc and what you'd recommend for applications opening in jan. Any advice is super appreciated I don't have any connections to the industry but it's something im interested in. 

like

Holy cow. Meta’s 11,000 layoffs today is insane. If we weren’t knee deep into a recession, we are now.

likefunnyhelpful

I was just laid off from a fintech startup after 4.5 months as their first ever IP attorney. Anyone have any leads on other IP roles. I’m soft IP/marketing focused but also have patent experience.

like

What is the average Manager salary in Netherlands? (4 big or MBB or boutiques)

like

Is job changing a good idea at this time? Considering recession, mass layoffs.

like

Is it recommended to get two full years of consulting experience before looking for a move elsewhere...for more comp (say to another Big 4, industry, attempt at MBB or FAANG)? Already have 8 yoe in the DoD space outside of consulting. And about 16 months of consulting exp

like

Do T2 consulting firms (think Kearney, OW) and MBB hire experienced professionals WITHOUT MBA (I.e., is a prestigious MBA mandatory in the region?). I already have a post-MBA position

like

Can anyone please refer me to Roland Berger ? Solved 50+ cases and been on MBB final rounds

I just got laid off an hour or so and I'm kind of feeling relieved about it. For other lay-off-ees, what were the next few months like for you? Is relief ok to feel in this climate?

like

Do consulting firms ever do mass layoffs right before they pay out bonuses in order to avoid paying them out? Is this a common procedure?

likefunny

Is there really that big of difference in recruiting between USC and UCLA MBA? I checked MBB target schools and only one recruits at USC whereas all 3 recruit from UCLA. I would have thought it would have been about the same. Thoughts from MBB/B4/Tier 2 consulting?

like

More Posts

H1b - how difficult is switching while being on h1b? Let's say you're working in US with h1b visa and you want to switch?

like
likefunny

How to make a leap from UI/UX into product design? What skills should a PD have? With 5 YOE and I still feel like a junior. I have a good eye for visual design, but I'm a bit scared of the business strategy, analytics and testing part. Where do I start to learn those skills? I know the basics of testing and conducting workshops, but I don't know how to develop those skills further. My company focuses on UI and I haven't been lucky to land a PD job. Do companies really look for all those skills?

like

Is every editorial department as angry and rude as ours or is it like this across the industry?

likefunny

Advise needed!
Relocating to Bangalore (KGS) - any good accommodations Available near by?

like

One of my favorite things about early childhood is the unique kids think. I feel like I should start a book of all the funny things kids say. What’s the funniest thing that happened to you this year?

like

How can I help a parent with depression/anxiety get help while not making them feel worse?

like

Larsen & Toubro Infotech What is the cooling period in Larsen & Toubro Infotech ?
I accepted the offer in January but declined to join them in February. Now again thinking to apply in LTI.
Kindly Confirm.

Thanks

like

Hello All

I am looking forward for help in obtaining the releiving letter from HSBC. Wrote multiple mails to exit support help desk but no response. Not sure if the email address given to me is still valid. Appreciate if anyone could help with a contact number or email please.

like

What’s the best way to get in contact with the hiring team if I want to follow up on an application, if no contact info is on the application site?

like

What's the salary range of a SAP FICO Consultant (5-7 yoe) at companies like Wallmart, Mercedes Benz, Autodesk? Can anyone please enlighten me?

like

Any female fish want to grab a drink this weekend?

like

Holy cow. Meta’s 11,000 layoffs today is insane. If we weren’t knee deep into a recession, we are now.

likefunnyhelpful

Fellow MBBers, any of you think the banking raises will trickle over to us (110k starting) or nah?

like
like

Anyone in Mindtree working on SAP Hybris?

like

Hi all - hope all is well, just want to know your opinion or suggestion, is it the right blend of investment of my 401K savings?

Post Photo
like

Has anyone worked with a career coach or someone similar and have a recommendation? Preferably New York.

like

I was offered a high net worth client associate position with fidelity. I have never worked in a call center environment.
Can anyone that has worked in that position tell me what its like and what to expect? Is it more like an administrative position and boring or do you really get to help clients? All feedback is appreciated!

likeuplifting

Guys can you recommend which all companies are giving wfh

Additional Posts in Consulting

How do you guys manage your stress when working long hours. How to not fall into a dark hole of work sleep work sleep repeat

like

I know Mck is the top for strategy, but in terms of digital/design in top consulting firms which do you think is better? Mckinsey digital or deloitte digital? (Or another..?)

like

What do you guys get your parents for gifts when they've said they don't need or want anything? My mom doesn't really have any hobbies... Or interests...

like

New joiner. What should I get with my $250 wfh stipend? I already have standing desk, dual monitor, portable monitor, and good headset, not too sure what else I need, but it’s free money. Thanks.

like

My sister got a job at BCG, what is the work life balance like for associates?

like

Waking Life. What the fuck.

like

Question for Accenture 🐠: is the Technology Analyst job a technical job? Aka does it require you to be a coder?

like

@slalom
Whats the health insurance like? How much does Slalom pay towards the premium for individual/ do they pay for family?

like

Any good business/consulting books on amazon kindle that y’all have read that has helped you in your job?

like

Plane travel tip: Delta aisle seats usually have an arm rest that raises giving you more room. #bossstatus

like
like

Is it recommended to get two full years of consulting experience before looking for a move elsewhere...for more comp (say to another Big 4, industry, attempt at MBB or FAANG)? Already have 8 yoe in the DoD space outside of consulting. And about 16 months of consulting exp

like

Help: I’m flying Ethiopian in a few weeks, there’s no good alternatives to get me to my destination in less than 25hrs / $5k. Not flying the max plane but still consumed by anxiety. Any advice?

like

🐠ies that once were unsure whether or not they wanted kids: what was the ultimate decision maker for you? Are you still happy with that decision now? I’m unsure and don’t know how I’ll ever be sure

like

Someone reached out to me on LinkedIn about becoming an author on the side. Has anyone heard about such a thing?!? The person said she’s worked with 800 consultants writing their books and marketing it for them.

like

Listening to guy on phone in SFO lounge telling his wife about his PE job offer: $350K plus 50% bonus. Not bad

likeupliftingfunnyhelpful

Are any top consulting firms hiring for experienced analysts currently? I know ACN and some others are cyclical for resources 2-3 years out of college, but I’m looking to make a move sooner than fall

like

What types of technical skills, trainings, or certifications are valuable for a general management consultant? Obviously excel and PowerPoint, but are trainings in: tableau, design thinking,etc useful

like

.. responsibilities: cooking, cleaning, Kia, meal prep, etc. i understand managing the family is a full- time gig bug I can’t work and take that on. What to do!?

like

Salesforce 🐟 : do you need to be at Salesforce a year before mat leave benefits kick in? Salesforce

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal