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It’s an internal promoted culture. Coming in at Principal / Associate Partner is a recipe for disaster.
Do they really expect people with 15 YOE to come in at the Analyst or Consultant level??
MBB is just a bit different. On a previous project I knew a D manager with 8 yoe or something that does the type of work for which we’d comfortably slot a second year Associate (plus many more similar examples). I’m not saying anyone here is smarter or more capable, but we are just expected to do more from the start.
Also, I know many people who came in at Principal level for specific business needs... but they actually all had to do a few projects as a consultant (“reporting” to a PL) to learn the ropes.
It’s very difficult to come in as a mid senior most are transitioned out. Would probably have you come in as a Consultant it’s a very a fast promotion cycle. YOE is not as important as the type of work — can maybe argue the case if you’re a Manager/SM at a T2 firm.