Management consulting internship conversion rates
Does anyone have clue what the conversion rates are at the MBB for example?
Same applies to the smaller firms too.
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What do you mean by conversion rate? FT offer?
I'm on a big 4 consulting internship and they told us they had offers for all of us. It was just up to us to keep them.
yep. vast majority get an offer. you have to eff up not to.
i think the most common reason for not returning is the person didn't like the lifestyle, not lack of an offer.
Based on a handful of anecdotal data, the MBA conversion rate (offered and accepted) is 80-90% in big offices. Higher for small offices and for u/g.
Very high... 90%+. The people that don't get it are huge assholes, lied about something, are huge fuck ups, or know they don't want a FT consulting gig.
There are enough FT slots for every summer. You have to just suck generally not to get one.
In this market environment, there are typically enough slots to offer everyone, but non-offers happen more often than you think. You don't have to "eff up" or be a "huge a-hole" to not get an offer. At one particular large MBB office in the recent past, 2 of 3 non-offered MBA interns ended up at other MBBs. If they were "huge fuck ups," that wouldn't have happened. It's also worth noting that the qualifier "in this market environment" is important. When the dot-com bubble burst, MBB all pulled f/t offers and laid off brand new MBA grads.
Can't speak as to MBAs, but for out of undergrad, it's pretty damn near 100%. Only guy I know of that didn't get one got fired the last week for sexual harassment.
At McKinsey London it was high- 75%+
I was told several times that getting an internship was more competitive than getting a job through the normal recruiting process- partly because there are fewer internship slots- so if you're good enough to get an internship, the assumption is that you're good enough to get a full-time offer
% summer interns offered full time position at m/b/b (Originally Posted: 02/27/2007)
What percent of summer interns are offered a full time position at m/b/b?
I've heard it's close to 90% if not higher. Basically, if you do a competent job you get an offer, they don't have quotas so much like banks.
Extremely high.
wow..that is really high. is there any info on what percent of applicants do they hire for summer intern positions?
Local Bain office takes 4 ACIs. Incoming AC class is about 3x as big. It's much easier to land a fulltime position.
Also if you don't go to a target, McK will not look at you for their summer internship program.
only 4 ACIs, that's a really low number...what office?
How hard is it to get an internship for one of the top compaines as an undergrad?
Extremely difficult. Ranks up there with the top banks.
Well what else could I do to get some exposure to the industry?
For full time, they take many people who had banking internships and want to switch to consulting.
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