Screening and recruiting at MBB
Hi Fellow Primates,
I am wondering if any has some insight on how the screening and recruiting process works at McKinsey, BCG and Bain. In particular, I am wondering about:
- How first round interviewees are selected (i.e. the process starting from submission)
- How second round interviewees are selected (i.e based on what ratio of resume strength/interview performance)
- How final decisions are made
Also, if anyone can give an approximation of % of applicants who make it through each stage that'll be great!
Thanks
As a junior, not sure on your second and third points
But on the first point, I can help. I was assigned an M7 business school, and our recruiters had me go through the resumes + cover letters of those who applied (MBA canidates) and tagged which resumes were good for the practice I was aligned to. I didn't really read the cover letters, but did look at resumes.
For me, personally, I like * strong test scores (750+ GMAT), * * good industry experience (companies similar to our clients, engineers (i'm in engineering dominated aerospace), and i like previous consulting experience) * Other cool / interesting accomplishments (rhodes scholar or something)
From there I tag a few names and send back to recruiting people. I think the other practices do similar. Based on these recommendations, as well as recruiters impression of candidates based on their interactions on campus, the interview list is formed
that's how it works, i think, at my firm
@BigPicture Thanks, that is insightful. May I ask you a couple more questions related to your post?
Thanks again!
@BigPicture, just curious how your firm would view an application from me - i have 2 years of experience at a lesser tier consulting firm and a masters in international affairs with a concentration in international business and economics from what i think is considered a semi-target? though im not sure using the target terminology should even apply to a non MBA program. Curious as to how MBB approaches young professionals with some experience and/or a non MBA advanced degree. Analyst? Associate? Neither?
Non-MBA master's degree students are typically considered for post-undergrad positions as opposed to post-MBA level positions. There might be some exceptions.
GPA and test scores are standard for consulting. Failure to include them strongly suggests you have something to hide. The move from first round to second round is purely based on interview performance. Don't know what % makes it to the second round...have heard various % ranging from 25% to 50% (my personal experience has been closer to 255). Offers are also given primarily on interview performance. At the margin, with all things equal/near equal there may be some diversity considerations to consider though this is rarely raised explicitly. Second round accepts tend to be higher...30-40% by my observation but this clearly matters by firm...those firms who are less selective if the first round have a lower yield in the second round.
Thanks for the response BigPicture. I have a follow up question: Say my GPA is quite low (3.3ish) but I get a high gmat score this year (750+), would the GMAT score sort of "outweigh" my poor GPA and put me in a competitive position? This is assuming I already have great internships/leadership experiences.
Many thanks!
Definitely no for my MBB. There are other kids with high GPAs and good test scores. Not to mention that we weight GPA much more highly than test scores.
each person looks at resumes differently. i guess i just like high test scores.
maybe because personally i always had very high test scores, but in undergrad my gpa was lower. self bias? no idea.
other screeners may be different.
I always start with coerletters instead of resumes, often b/c the other people in the review group don't read them. You catch a lot of things this way - people who are really arrogant often come across in the letter, people who write in the wrong city or wrong company name, people who don't speak english well, or spell their own name wrong (no kidding!).
We score each applicant individually, then meet as a group to talk through each applicant and make a final list. Key topics are usually whether their history shows analytical horsepower and a strong record of accomplishments, as well as comments from people who met them in person. At core schools there are tons of interview slots, so most applicants will get a slot. Though it's different for 2nd year MBAs when there may be only 0-3 positions open in the class.
We're starting the summer internship selection process and every year it blows me away how competitive these juniors that get selected are.
Generally, we're looking for leadership, work experience, and academics.
I tend to focus more on work experience and academics (typically major + GPA), but others have different biases.
There's a big conference call with the whole school recruiting team and you go through resume-by-resume discussing each candidate. Typically there is arguing about the top candidates and it comes down to who does the best job selling their point of view on why a candidate should get an interview.
Part of the consulting staff doing recruiting for a target undergrad school for a few seasons.
A few points. We read every resume, barely glance at cover letters, and dig up transcripts when someone is on the border If you don't include test scores and GPA on the application or resume, we will ask, and we do not give benefit of the doubt if they are not offered. Typically 5-10% of applicants get interview slots, that is decided by the school team and recruiting of that ~30-50% get second rounds, purely based on interview performance, of that ~25% get offers, based on your interactions and interview, surprising how calibrated the partners are at picking the right people. They talk about every interviewee, and decide if we should extend offers. So it is about ~1% conversion from apps to offers.
If your GPA and test scores are lopsided, usually that is a deal breaker, unless you have done something. (Rhodes scholar, 2+ banking/consulting internships as an undergrad). Or have strong internal recommendations. The truth is, there are bunch of other kids w/ super impressive resumes. After a few seasons, I am constantly amazed at how I was ever hired in the first place, especially when I do summer recruiting.
How Best To Position Myself for FT Consulting Recruiting? (Originally Posted: 08/09/2016)
Hi everyone--I'm a junior at a target school. I currently have an offer at Credit Suisse for investment banking for next summer but I want to ultimately do consulting. Unfortunately I did not do well at recruiting for consulting internships and did not get any consulting offers that I really like. If I want to recruit full-time for consulting, would it be better to work at Credit Suisse IB junior summer, or work at a small consulting firm?
Assuming the small consulting firm has low name recognition, go with Credit Suisse. Just be sure you have a decent narrative when applying for FT consulting next year to explain "why consulting."
MBB Offer to Hire Yields (Originally Posted: 01/27/2013)
Does anyone have any insight into what kind of yields each of the MBB sees on its offers? For example, if a Top 5 MBA program, typically places 20 interns at McKinsey, how many offers did McKinsey have to give to yield those 20 acceptances? 25 for an 80% yield? 21 for a yield of virtually 100%?
Also, does this differ significantly for Bain or BCG?
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