Applied: 14 1st round invites: 12 (9 conducted so far) 2nd round invites: 7 (3 conducted so far)

Did NOT have an internship in ibanking.. Positions for various locations depending on the firm.

Applied to top and middle-tier bulges, top-tier middle markets, and top-tier boutiques.

 

It was a while ago, so I only vaguely remember the numbers. I sent out somewhere between 30 - 50, interviewed at somewhere around 10+, accepted the first offer that came my way (which happened to be my top choice) and stopped interviewing. Maybe 3 of the 30 - 50 were for positions in NYC.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Did you guys apply mainly through your schools Career Centre or did you also apply online to the MM and BB banks?

If so, how useful was it applying online or was it near impossible getting called back by merely applying online. I suspect its a bit easier getting interviews at the MM firms by applying online than at the BB....

 
Best Response

Resumes sent out-way too many. One out to every BB investment bank. Went to a non-target and made a very stupid typo which probably got me dinged. (Bachelor OR arts instead of OF)

Got a first round interview with one BB which I spent a lot of time networking earlier. Made it to superday and got the offer.

Don't rely solely on the online apps. Use your career center and make sure you network. Full time recruiting across the street was tougher this year due to a weaker market outlook and summer intern recruitment designed for a bull market. I don't think summer intern recuriting will be significantly diminished this year. If you are at a target, you should be fine. If you're at a non-target, start networking and be prepared for a lot of work. (this was true when the market was stronger, but it is even more important now)

 

I stopped in October when I got my most-wanted offer, but at that time I'd filled out around 40-45 all told (including other industries). First calls started coming in within days of my sending my resume (through the school job site, of course). With the 3.97 GPA, I got about 1 first-round for every 3-4 resumes I sent in, and about 1 second-round for every 2 first-rounds. (These numbers are very loose, by the way.) Some made me offers on sight (desperate companies; stay away from them). I ended up with three serious offers that I liked and took the best.

When I attended the super day for the bank I'm currently at, they called and gave me the offer while I was still in the airport waiting to go home. I accepted right then and there; no shopping around.

 
sugarmouse:
Hi, sorry to be annoying, but I want people's advice on application process generally.

I was wondeirng how many firms people usually apply to for entry level consulting analyst position (straight out of undergrad, no relevant job experience, science & econ major with ok GPA)

So far, I applied to Bain, McKinsey, BCG, and Oliver Wyman. I feel like I'm not applying broadly enough, and in my past messages, people recommended that I apply to "boutique firms".

Also, during a case interview workshop today at my school, I heard of someone already getting interviews, but I haven't received any. Also, the career center counsellor was saying that I should be receiving interview offers within one week of submitting applications. I submitted my applications late last week/early this week, but I have not received any replies back. I am starting to get bit nervous as I would really love to get a job somewhere this time next year.

Could you recommend some other consulting firms that I could apply to at this point?

http://bit.ly/SfXzr0

 

Boutique firms usually specialize in one industry as opposed to MBB et al that work across multiple industries. For example, there are a lot of boutiques that focus on the life science industry in the northeast, such as Clearview, Clarion, and Health Advances.

 

from my experiences and from what ive read/heard, there are really only 10 well-known/prestigious consulting firms out there for the US:

MBB (Tier 1) - Best of the best in every sense.

LEK/Parthenon/Monitor (Tier 2A) - Very good, if you want to pursue PE (but not go into banking) since you will get great exposure to due diligence cases as well as corporate strategy.

Oliver Wyman/Booz (Tier 2B) - Very good, if you do not want to pursue PE, but do very much want that pure strategy/management consulting work.

Deloitte S&O/AT Kearney (Tier 3B) - Notch below OW/Booz.

 

Plus it is going to be an incredibly tough year to be gainfully employed in this industry. Everyone is going to have to hustle-up.

So I think youre getting ahead of yourself, concentrate on getting as many interviews as you can effectively handle - and crush them. Its always better to have choices - even if they turn out to be difficult ones to make.

And just as many times as the scenario you describe may hurt you, it may help as well, banks can be flattered to have their choices reaffirmed by the competition. It can make you appear more valuable. Just have to be prepared to explain your defection in case youre remembered the second time around.

 

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