Strategy& Current Situation
Is Strategy& really struggling for work right now? I keep hearing they don’t have many active cases and that morale is low and people are getting laid off—is this the general consensus?
Based on the most helpful WSO content, Strategy& has faced challenges in recent years, particularly with layoffs and morale. There are reports of layoffs, including first-year campus hires, due to low utilization and partners struggling to sell projects. Some employees were given very short notice, as little as three days, which has been criticized heavily.
Additionally, there are mentions of overhiring in the past, leading to a "bloodbath" of layoffs when work dried up. Morale appears to be low, with some employees rating their satisfaction below 5 on a scale of 1-10, and many feeling stuck on long-term implementation projects rather than true strategy work.
However, there are also regions, like the UK and Germany, where Strategy& seems to be performing well, competing strongly in sectors like Tech and Telco. The Deals practice, in particular, has been noted for attracting top talent and maintaining high offer acceptance rates.
In summary, while there are pockets of success, the general consensus points to struggles with work availability, morale, and layoffs in certain areas.
Sources: Strategy& Recovery, Strategy& Ex Employee - Q&A, Q&A: I Work at Strategy&. Consulting, Strategy& Ex Employee - Q&A
This seems to be from many years ago... is there more recent information?
they r hiring so prob not true. Have seen many post with S& offers at my school, they haven’t hired much in years past
is this at the post bachelors/masters or post-MBA level?
I'm assuming US offices?
this is post-ug/masters level. idk about mba. and yes, US offices
at my mbb (currently a senior) I have heard we are hiring people with up to 2 years work experience, I think some other major consulting firms as well
Thanks for the insights
Would you say I shouldn't be worried about the horror stories I've heard? Really the only thing stopping me from accepting them lowkey
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