MBB hiring in this market?

I would say that it's been cut at least by half, if not more. I know at my school, MBBs do not even post their job listings anymore. But this is just my school, west-coast, semi-target public university. It might be different at Target schools.

As far as applying to MBBs, I have done so through firm websites and the response I have been getting is that they are currently not hiring but will keep my resume in the system if something does come up.

Basically no hiring outside of accepted summer offers and even delaying starts (January-April 2010 vs. July/August '09). Reduced but continued hiring for summer positions.

Wasn't part of a hiring team, but sounds like interviews were given at some schools as a courtesy, but only the top of the top of the top may be pushed through to an offer. This was the case even at the typical targets.

Spoke with a friend at one of the MBB Asia offices while I've been traveling here.

He said their office is barely doing anything these days, he has almost no work, and they're becoming incredibly selective about who they hire... turning down people with 3.9 GPAs and previous consulting experience.

I'm not sure they have an official hiring freeze in place, but effectively it's way down - even in a high-growth region like where he's working.

Keep in mind that although consulting may be less affected by the downturn than banking/finance, there are fewer positions to begin with... so it's not a ton easier to get in anyway.

I know guys turned down with 4.0 and previous banking experience... not sure if that was the economy or just my non-target school

1) Previous banking experience? Is that relevant? 2) GPA is out the window once you've made it to the first round. From there it's all about performance. They don't say, ohh well 3.6 here killed the case and 3.9 stumbled through it, let's give it to 3.9.

Banking internship is very relevant.

1) Banking internship is very relevant (as ideating says) - especially if its a bulge bracket

2) GPA does matter, even after you've received the interview. I'd have to disagree with consultant09 here - simply because your GPA is one component of your overall candidacy and is reviewed multiple times (beyond simply getting the interview). For instance, partners interviewing you in the 2nd rounds will be often be seeing details about you for the first time (such as your resume). Your GPA will make an impression here (along with, of course, other things including interview performance).

Kevin www.managementconsulted.com

If you're sharp enough to get a BB (err, MBB) internship, you're smart enough to stay away from IB :-P

^^ spam

edit: spam deleted

Hiring is definitely office specific, pretty much frozen. Even McK report for Citi advised them to cut down on consulting costs..

Pretty much only work out there involves cost cutting/restructuring. Strategy stuff is a luxury.