Pulse on Lateral Market
It's been a while since I've been on this side of the recruitment scheme in Consulting. For context, I've tried recruiting in consulting for 3-4 years about 1-2 years back. I took some time to build out an unorthadox career path: 1.5 years in technology consulting and another 1.5 years in product marketing in fintech.
I thought to re-enter recruitment with the signs of life in the consulting space, but I'm not oblvious to the fact it my take an MBA or a really long shot to get in for the Canadian market.
With all that said, I'd like to ask the room a few questions:
- How's the current landscape for Canada Undergrad /Recent Grad to US Consulting? Last I checked, the only firm that had been actively doing this was Oliver Wyman. They've been quiet as of late.
- Are Lateral positions obtainable on the New Grad Timeline Scheme with discounted years or are these firms (EY, Deloitte, PwC, MBB, Oliver Wyman, Accenture) solely targeting new grads?
- Is it worth looking elsewhere outside of Canada? Haven't really been tracking UK, or UAE regions as of late, but I'm interested to hear how global hiring has faired compared to the North American.
On a final note, I've noticed a steady decline in landing successful coffee chats/outreach. Is this anecdotal or have others seen a greater failure rate for emails and LinkedIn messaging as well?
Lateral market in the US is close to non-existent. Many firms, like OIiver Wyman, are delaying start dates for new grads that were hired 1-2 years ago because the economy has since worsened. There is still a backlog of grads waiting to start while firms wait for deal flow to pick back up. A few years ago, when deal flow was through the roof, people were getting pulled in laterally left and right. MBA might be the best bet here, or just wait until things improve.
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