How big is cut after final round?
At top 5 firms, how big is the cut after the final round? If you make it to a final round, are the odds pretty good from there? Or do you face another scary cull? Any information on this would be great to hear.
one data point:
1st round: 50
2nd round: 20
offers: 8
Note: these numbers are for full time recruiting at one (top 10) school and for one firm (across all that firm's US offices)
Oh okay interesting. So can I extrapolate from that that MBB, Booz, Monitor and the likes accept approximately 40% (of course give or take a bit) of final round candidates?
How do consulting firms manage yield? Say Monitor extends 8 final offers from a 2nd round pool of 20. If 2 got offers at banks or MBB or elsewhere, what becomes of the 2 free spots?? Do firms account for this by anticipating yield (hence the 2 spots needn't be filled, because they weren't counting on a 1 for 1), or is there a wait-list type phenomenon?
There is somewhat of a waitlist going on, though it's very short (1 or 2 people in the 8 offer scenario I described above). These people are put "on hold" and told this at the same time as people receiving confirmed offers. The rest are told they won't be receiving an offer.
"Holds" may or may not be given an offer depending on how many accept over the next month or two (including offers given at other schools).
Again, my info only applies for sure to one firm (MBB), others may not do waitlist at all.
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