Are rx consulting firm currently have strong hiring demand?
I’m currently taking a 13-week cash flow course and reading a restructuring guide. I’ll try my best to land an interview, but I’m hoping to gauge whether there is strong hiring demand given the current economic situation.
I believe most RX consulting firms have factored in the increase in distressed cases through 2027 in their hiring mechanisms. Personally think the demand has stabilized therefore. The supply is much more elevated though.
Agree with this. Also, “strong hiring demand” is maybe one additional seat. They’d rather just give a bigger bonus to their current seats, and if they don’t, most would just poach.
Associate 1's comments are accurate, and in addition, RX consulting, even more than RX IB, is a "hire small, fire small" industry. They don't suddenly hire more people just because their services have more demand, they just give more work to the people they already have, and give them bigger paychecks. This is why they virtually completely avoided the situation that MBB and strategy / management consulting firms faced recently, where they over hired during COVID, and fired massive amounts in the following years due to lack of enough demand to go around.
It's also a situation where in a restructuring, you don't just mass staff 20 RX consultants on a single deal. That would burn the BankruptCo's cash faster for minimal incremental work and much more toes stepped on. Teams are extremely lean unless it's a very large bankruptcy, and even then it's proportionally small compared to a strategy / management consulting engagement.
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