Off Cycle Recruiting at MBB/Interview Prep

I just finished a non-econ related master's degree in political science. How realistic would it be to get a full time offer from McKinsey/Bain/BCG if I apply within the next couple of months for a start date in fall 2010/winter 2010/2011?

  • Are these places even hiring at all right now?
  • Also, do they do off cycle recruiting for entry level analyst positions?
  • How long does it take to prepare thoroughly for all the interviews and all of the books that are useful for preparation?
  • I'm going through "Case in Point" which seems to be a quality book, but what else could I look at it if I wanted to be completely prepared?

Non-traditional Route to Consulting

Breaking into MBB consulting is tough even if you come from the “traditional” background. For non-traditional candidates who are applying off-cycle, the path is likely to be even more challenging. Most off-cycle hires come from industry or follow the abrupt departure of someone. Here are some tips from the WSO community on how to find and prepare for these opportunities:

  • Network network network, this is how you’ll find out about open positions
  • Apply to all of the firms in order to maximize your chance of getting an interview
  • Try to follow the on-cycle recruiting timeline if possible
  • Spend as much time as you can preparing for the interviews (the percentage of candidates who get offers is very low)
  • For practicing case studies, Case in Point is good but also check out WSO Consulting Case Interview Course
  • Non-MBB firms may have more opportunities for off-cycle positions

Recommended Reading

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From what I've heard, most off-cycle hires are for people coming from industry, not directly from school, although if anyone has had other experience, please correct me. I suppose if someone were to leave early and unexpectedly, there could be an opportunity for an off-cycle hire, but I'd imagine you'd find out about that through networking rather than just dropping a resume online. How are you planning on applying? In terms of interview prep, try to find some of the case prep materials from the top b-schools; each puts together a guide, although I found firm websites, Vault, and Case in Point to be pretty thorough.

Life, liberty and the pursuit of Starwood Points
 

Thanks for the reply. I'm not really quite sure how to go about applying and was hoping to get advice on that as well. By now it's close to on campus recruiting so if I went that route I would have to start in summer/fall 2011. And from what I hear, there isn't a shortage of people at these places and if anything they are laying qualified people off. So I was just going to apply online and was wondering if anyone would happen to know/have any experience with the process as an aug/september off cycle applicant without any industry experience or particular skills wanting to start right away. Also, any advice on which offices would be better bets in terms of getting hired?

 

Thanks for the reply! APD=advanced professional degree candidate right? Did you apply to all 3 of the top consulting firms? I'm also a bit confused about how the interview process works, how many rounds of interviews are there at each of the firms respectively and how far spaced out are they? (e.g. were all the interviews done by january or did they drag out until june for instance)? Also, did you end up getting any offers, and if so, when was your assigned start date?

 

Unless you can think of a good reason to not apply to all three, I definitely would. I'd expect two rounds of interviews, the first with 2 cases, the second with 3-4. You'll probably have a couple weeks in between rounds. Full-time recruiting generally happens from the beginning of school in the fall to December, but for APD candidates, it's a bit different. Some offices hire them year-round. Most start dates are in the late summer to fall.

Life, liberty and the pursuit of Starwood Points
 

Thanks for the reply again...would anyone happen to know which of the MBB offices in the US are more likely to hire at the moment and are more realistic bets for someone without experience? I don't think I count as an APD since I just have a non-related master's. Also, since you can generally apply only once a year to these places, I want to make sure I'm prepared for the interviews when I get called...how long would it take to prepare assuming fairly full time preparation as I'm currently unemployed but no current knowledge of the industry? (e.g. 2 weeks, a month, a couple months, etc., or perhaps more accurately, how many rough hours) Thanks again!

 
Best Response

I did get an MBB offer and I had the choice of starting any time after graduation. I elected to start in September.

I spent 6 weeks preparing for the interviews... I don't know how much time most people invest in it, but since the offer rate for those invited to the first round ends up being something like 1%, I wanted to give myself the best possible shot (10% advance from the 1st round, 20% advance from the second, and only 50% of the final round interviewees get offers).

You don't need a ton of business knowledge to succeed. You DO need to have a solid basic understanding of how to evaluate a business as well as a very good grasp on how to work a case interview. Check out Case in Point and Victor Chen's site (consultinginterviews.com or something).

As for which offices to apply to... not sure.... although I heard that some of the midwestern offices are able to recruit fewer APD type candidates (that is a McKinsey term) and are interested in finding more. I don't know how true that is. I also think that you still need to be a top performer during the interviews to get an offer.

 

Hey,

Thanks again for the helpful reply. I will check out those two things, I've dipped in a bit but honestly it all seems like a foreign language to me now and it's all quite overwhelming..could I ask when you ended up getting your offer after your January interviews and when the earliest was they allowed you to start (e.g. would Feb/March have been ok even though the classes start in summer/fall usually?) Also, would you feel comfortable saying which firm/office you got the offer for and if this is typically how off cycle recruiting works for that company? Thank you very much again!!

 

There were 3 rounds of interviews. The first round was late January. I received the invitation to the next round by phone about 7-10 days after the interview.

The second round was in late February. I received the invitation to the next round by phone 2-3 days later.

The third round was mid-March. I received the offer phone call 1 hour after getting home from the interview.

The earliest I could have started was June, I think.

I was part of a group of candidates moving through the process, so I think this was part of their normal recruiting program... which is to say that if you apply in August, you will get rolled forward until January, at least for this firm. Also, I got the invitation to the first round by email in the first week of January.... so you may have to wait a bit.

 

Thanks for this information, it has been very helpful. Could I ask also whether anyone knows if MBB offer off-cycle internships (for 3-6 months) to post master's students? I know McKinsey is supposed to be picky about this and requires students to be currently enrolled in an academic program but does anyone know about BB?

 

Big 4 is fairly common for off-cycle hiring, especially for experienced hires such as yourself. MBB is much mroe difficult, but you'll have better chances at Bain and McK. I've heard BCG only hires roughly 10-20 people nation wide from non-career services. The bulk of their class comes from UG or MBA on campus/career services interviews

Hugo
 

Thanks for the advice. Looks like Bain has a general resume/cover letter drop, not for any specific positions. They probbaly get thousands of apps. Only way to get noticed is to have a contact pick it out and show it to someone who matters

 

I don't think an internship is going to fly at any time other than summer. The programs are highly structured, with social events, colleagues/mentors, staffing, final presentations and offers all coordinated for each class of summers.

Replicating that experience off-cycle for one or two people just doesn't make sense.

 

If you're very well connected, it's possible to do an internship outside of the formal internship program. I've only heard of it being done over the summer (for a freshman/sophomore), but I could see the same thing taking place off-cycle as well.

(But if you're that well connected, you would be asking this question to your connections, not to WSO).

 

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