Thought I'd kick this thread off.
Here are the two I've heard, both directly from people who work with recruiting.
EY-Parthenon
Unfortunately, EY-Parthenon will only be extending 2024 full-time offers to our current intern class this year, and will not be hiring anybody outside of the internship program from school campuses. As someone involved with recruiting, it is certainly a disappointing outcome, however the firm is confident we can fill our hiring needs for next year with our current interns.
Kearney
Unfortunately, due to the success of our current Summer BA class, we will not be recruiting on campus for FT BA hires this fall.
I'll continue to update the OP as more get confirmed.
WOW this is news. I wasn't aware at all. Thanks so much for sharing. Wondering if this is for specific offices? Or is it sweeping? Current SA at one of these firms and they haven't given us details on returns nor have they given us this information.
From my understanding, this is across all offices.
You guys haven’t gotten info on returns yet? Whens the last day?
Returns expected in a week or two. Last day was today. They've been very vague about things which I feel to be pretty unfair and discomforting under these circumstances
Nuts tbh, expecting this to follow through to end of 2025. Whirlwind of a past few years for all.
This is insane, my heart goes out to anyone trying to recruit rn
Confirmed with recruiters that LEK and Accenture are still planning on hiring, with Accenture applications for both FT and intern likely opening 8/28.
Got conflicting info on ACN - believe they're not hiring FT. Might be office dependent.
Has anyone heard about any BB/EB who aren't recruiting recent grads?
The consulting forum isn't where to ask this; no one will know. Post a discussion on the IB forum and someone will definitely answer.
Yeah the target school rising seniors in this thread who recruited/are recruiting for consulting roles definitely don't also have loads of buddies plugged into the IB recruiting scene in their social circles, investment clubs, consulting clubs, fraternities, etc.
EYP did recently just host an event for graduate recruitment at my UK university in May for 2024 intake. Unless they changed their tone in 8 weeks, I think this is just a US-based issue. This is only because as far as I know, US recruitment is campus-based but in the UK, recruitment is rather different. I could be wrong, though.
EDIT: Yes, just checked. UK firms generally don't do campus recruitment per-se but instead goes around different campuses in the UK advertising opportunities. It still demands applications to be sent through the company portal and pools all applications centrally w/o networking required.
Not as familiar with how consulting works but isn’t this kind of the deal everywhere?
Every firm I know pretty much only hires interns for entry level and post MBA roles. Those that land in these jobs without interning are always one offs and a result of that firms interns declining offers.
No. In consulting there are far more full time spots than intern spots
not quite - am ex-MBB and my class was like 80% returning interns.
I think there is a difference between MBB and T2/3 firms - since MBB is about as good as it gets (besides maybe going after a lucrative APM or PE analyst role) and return offer rates are high, MBB fills most of its class with interns. T2/3 interns are pretty much guaranteed to re-recruit for MBB or other fields, and so those firms tend to have more of a need to recruit full-time.
now i get how this doesnt really jive with EY-P and K not recruiting full-time, but I think that's more due to broader slow down in consulting. Remember that these classes of interns will hired last summer at the tail end of the COVID boom - headcount need is probably a lot lower at these firms than they anticipated, and they probably are ok with the class sizes that result from typical attrition
Guys don’t MS him he straight-up said he didn’t know. You are right, interns make up most of the FT class for finance, but consulting (at least at the undergrad level) level is different. I’m incoming MBB and my class is only 30% returning interns. From what I understand, it used to be the case that consulting was more like banking in that interns made up most of the FT hires, but something must have changed along the way. Beats me.
How long has this been true for? I ask because I could see it being the case that there was a mass influx of FT hires during the boom of the last few years, but prior to that it was like IB/PE where the majority of hires were interns - in which case now it could just be a reversion to normal?
ACCENTURE WILL NOT BE HIRING FOR CONSULTING ANALYST ROLES
From the recruiter at my T20:
Damn, this year is literally the worst time to graduate
No Covid year was way worse
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FYI: S& is NOT hiring FT this year. Got a call from a recruiter.
Pain. So LEK and OW are the only T2s hiring, and they reduced hiring by a bunch? This shit sucks.
Did anyone get an Oliver Wyman interview invite yet?
Negative. I was told I'd hear by "mid September". They hired 2 FT from my school and pushed everyone else.
New grad going into consulting with friends in the industry. MBB seems to be hiring FT, but they’re hiring less than usual and they’ll be done recruiting soon. Other firms with later recruiting timelines (T2, Boutique, Healthcare) are either not hiring FT or have significantly pared down hiring. Firms seem to believe business and recruiting will be back to normal in 2024. If you’re set on consulting, wouldn’t be a bad idea to do a fifth year Master’s or a gap semester to recruit next year instead. Hang in there!
I see that EY-P is hiring summer interns for 2024 in various roles. See below. Does Full-time recruiting start after that? What's usually the case has been simultaneous or one after the other?
https://www.ey.com/en_us/careers/parthenon/join/associate-program
EYP is hiring interns but not FT
Maybe grads will get some luck with firms opening up FT apps/hiring later into the year or early 2024.
Just heard from my PwC recruiter that they're not hiring any FTers for either S& or core consulting.
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