{ "media_type": "text", "post_content": "I'm currently in a one-year contract at Capital One but in my next move I'm interested in moving into consulting. \n\nHere's my hypothetical recession job-seeker question: Do firms like McK & BCG tend to slow down hiring for entry to mid level roles in a recession, or do firms ramp up hiring at times like this? \n\nAm I better off staying put at Capital One if we're in a recession, or is it the other way around - as in actually advantageous to apply to these firms in a recession?", "post_id": "62771b88f60be7003733418d", "reply_count": 4, "vote_count": 2, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

I'm currently in a one-year contract at Capital One but in my next move I'm interested in moving into consulting.

Here's my hypothetical recession job-seeker question: Do firms like McK & BCG tend to slow down hiring for entry to mid level roles in a recession, or do firms ramp up hiring at times like this?

Am I better off staying put at Capital One if we're in a recession, or is it the other way around - as in actually advantageous to apply to these firms in a recession?

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Posting as :
works at
You are currently posting as works at

Tldr; now is the best time to apply to all firms. Everyone will say the “bar hasn’t lowered at all” but the fact is everyone is desperate for help right now.

likesmart

Did anyone tell you, you are very honest! 🤝

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Honestly the barrier to entry at McK and BCG is so high, it won’t hurt to apply. I don’t see either shedding talent anytime soon, but you also still have to get an offer.

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If company X has a hiring freeze, they still need to evaluate their strategy, still need infrastructure built, still need to reorganize and still hire consultants. They may cut back the scope of what they want, but generally they don't want to add FTEs. Contractors and consultants are fixed cost and you can terminate the contract with certain outs. So F500 will stop full time. They will hire consultants with more contract outs. Scope on contracts will be reduced. Add value and your job security is pretty stable. Don't expect a big bonus.

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