At a top target and got notified by our career office, so maybe some verticals but definitely no OCR

 

thats brutal, back in my day, consulting firms used to recruit heavily for FT, esp. kids who didnt like their banking internships and wanted to try something else

 

Yep, interned in banking and was interested in recruiting for consulting full time. Wasn't able to accelerate processes at firms that normally would've at least from the recruiters at my school due to Covid related hiring uncertainties. Along with my offer deadline and general economy concerns, accepted my banking offer where I may have leaned towards rejecting and going full on for consulting in a typical year. Very thankful to be in a position to have a six figure job out of undergrad given the circumstances of course, but its unfortunate that the options were limited specifically for this year.

 

heard that accenture is taking some kids but much fewer. MBB is taking FT but also a bit smaller from what I know

any current employees, please update this as you see fit. this is extremely helpful for us rising seniors. thanks

 

This doesnt make any sense as they are only hurting themselves. The upfront costs of FT recruiting are minimal (signing bonus maybe) compared to the consequences of having a severe storage in a class of consultants/managers 5-10 years down the line. Then again, Parthenon could always fit that gap by staffing EY (Non-P) consultants. Between this and the recent internal reorgs, I am getting the sense that EY is trying to kill off having Parthenon as a separate division. Great timing too because normally, I'm sure the Parthenon partners would be quick to ditch the sinking ship but now options are more limited.

 

What makes you say it is getting worse? Specific experiences with low quality talent or shit projects?

 

Have also heard from recruiters that BCG is not doing FT recruiting this time around. They'll only have spots if interns turn down their return offers, hence the rolling/earlier deadline for FT this summer.

 

That's wild - MBA or undergrad as well?

Also MBB and we're recruiting as normal. Only difference is that the 100% return rate from summers means there'll be marginally fewer spots for full time.

 

Very unfortunate, but this is legit news. They won't advertise this but this is the reality :/ McK and Bain are recruiting as normal from what I've heard though

 

You're probably right. I mean at the end of the day it's not like they're going to have their full headcount from 2019. They're probably recruiting "normally" (so not trying to get like 1 or 2 kids per office) but just less spots.

 

True, our deadline was in August but the info sessions (and OCR in general) serve more than just to get people to apply to FT. It gives firms a chance to share more about themselves with students and single out top candidates to focus on. Additionally, the deadline for intern applications for summer 2021 is not until the end of Sept so I would expect at least some form of presence on campus for that. 

 

Not sure about BCG vs Bain but it could be similar to the Deloitte vs EY scenario where Deloitte indexed heavily on rapid-growth (ramping up hiring, expanding aggressively into new areas sometimes taking on debt or giving away projects, riskier investments) but got stung harder by the recession - as shown by the massive layoffs. Whereas EY focused on more conservative but sustainable growth strategies (despite some risky investments in crypto). Classic "higher risk, higher reward" scenario. 

 

What evidence do you have that BCG is most impacted? BCG is also hiring full time. 

This is a bunch of interns and prospects sharing unsubstantiated hearsay on WSO. As usual. 

 

Work at McK and know several people at BCG. BCG seems to be doing the worst of MBB right now based on their optional employee leave for 20% pay. My theory from seeing the enormous number of DD emails from the last few weeks is that the larger PE practices of McK and Bain are heavily beneficial right now. And the prior wisdom about BCG growing more aggressively in the last few years I believe is also true. Finally, I know McK has a much larger operations practice than BCG (including procurement and other cost cutting) which is definitely helping us as a firm right now.

 
Controversial

Yeah, you shouldn't share spurious information about your competitors. Presumably you've been firmly told that as a BA and should know it looks bad for you when you do. 

PE was down 20-30% over the last 6 months, suffice it so say it's not been carrying anyone. And I doubt McK's PE practice is large enough to carry McK, maybe it could Bain, I don't know. Optional employee leave was exactly that - optional personal leave in a time when personal and professional stresses are at their maximum - all launched before any firms had seen meaningful COVID impact. BCG has been growing more aggressively in large part because it's smaller than McK. BCG has a very large operations practice - I'd be surprised if any smaller proportionately - including obviously procurement and other cost cutting (in what world did you convince yourself that cost cutting was not in one of MBB's repertoire?). 

That said, you're wrong and your assumptions are wrong. Keep your nonsense to yourself. Interns, prospects, and new hires - a consistent font of misinformation. 

 
Most Helpful

Why are BCG employees always so aggressively defensive? Bain has been subject to all sorts of unsubstantiated rumors and don't come close to these type of responses. Like big deal, we all know one of the MBBs is doing worst, its not exactly a secret - you guys will be fine and survive after trimming some of the fat you took on earlier to accommodate growth

 

Correcting some BA's factually false comments is aggressive to you? Not only are they wrong, what they're asserting doesn't make logical sense. No need to double down for him/her. I don't know why you would do that? I'm sure they can manage to double down all on their own. 

> Bain has been subject to all sorts of unsubstantiated rumors and don't come close to these type of responses.

Is the misinformation on this board something positive for you? I don't understand. As I said about interns, prospects, new hires. The first rule of recruiting is that you don't talk about other firms. You haven't worked there, you don't work there, you don't know. 

> Like big deal, we all know one of the MBBs is doing worst, its not exactly a secret

It actually is. You realize that, right? Which makes it obvious when false assumptions are shared. Except for to the ignorant - like prospects, interns, and new hires... or random associates in a completely different industry. 

 

Is the misinformation on this board something positive for you? I don't understand.

Buddy the point is no one was shouting this hard when people spread rumors or roast McK/Bain, which by the way was significantly worse than this. The point is not if misinformation is bad, it's about the reaction. You realize that, right?

It actually is. You realize that, right?

It actually isn't though for anyone in the industry. This type of information gets shared by our firm senior leadership teams periodically, and your reaction clearly shows you know it too. It's just an employer, no need to take it personal -- going to leave it there

 

The McK BA here. Wow someone is salty—what are you on about? First of all I am a second year, not an intern or new hire. Also, here are just some blatant facts. I’m not in any way invested in the conclusion, only want to provide transparency:

-BCG is the only MBB to offer the optional leave. Meanwhile McK is so tight for staffing BA/Asc right now that there are literally projects being cancelled because they can’t get staffed, which rarely happens. And this is without having to reduce its normal supply of BA/Asc talent like BCG did by offering the 20% paid leave.

-McK has the largest PE practice of any MBB. Bain’s is only larger as a proportion of its overall revenue. McK is the largest on an absolute basis.

-I have seen way more DD emails in the last 2 months than I have at any other point since March. The BAs have also been told that if they do not find a project they will unequivocally be staffed to a DD due to the huge supply/demand imbalance we currently have. Zero beach time.

-Likewise, McK has the largest Ops practice of any MBB. In fact Ops is the largest practice at McK. So that naturally provides more countercyclicality, especially since McK is largely known for its cost cutting work. It certainly provides for a lot of anti-McK memes but also helps during times like this.

 

> Buddy the point is no one was shouting this hard when people spread rumors or roast McK/Bain, which by the way was significantly worse than this. The point is not if misinformation is bad, it's about the reaction. You realize that, right?

What am I shouting? What other reactions are you referring to? Plenty of people respond to spurious rumors. I don't understand why this is a hangup for you. I see misinformation, I like to correct it.

> It actually isn't though for anyone in the industry. This type of information gets shared by our firm senior leadership teams periodically, and your reaction clearly shows you know it too. It's just an employer, no need to take it personal -- going to leave it there

I would love to hear what you think you know. 

 

"This type of information gets shared by our firm senior leadership teams periodically, and your reaction clearly shows you know it too. It's just an employer, no need to take it personal -- going to leave it there"

You're saying your firm's senior leadership regularly shares confidential revenue numbers from competing firms?

 

They're not being 'aggressively defensive', they're just calling you out on your sweeping statements based on very thin evidence and pure speculation. 

BCG has always offered more flex leave options than McK (not sure about Bain), and the 20% pay option was instituted many months ago, so in any case would not be reflective of current performance. Keep your posts factual and people won't call you out on them.

 

I work in one of the BCG NA offices and am pretty close to the recruiting process. There's a ton of misinformation here so wanted to clear a few things up: 

-There is no on-campus process for undergrad FT this year. We are still hiring FT A's, but probably not as many as in previous years. COVID likely played a role, but this is also consistent with long-term shift in our recruiting strategy towards converting interns rather than hiring direct FT's. 

-There will be an on-campus process for undergrad interns, which will run as per usual 

-I can't speak to how well we are doing relative to MB. But from what I've seen, business here is great. The pipeline is strong, staffing is very tight, and we are expecting to grow our revenue/headcount relative to last year. Have already reversed start date delays for some folks who we originally pushed back. 

Hope this helps! 

 

hey, i know i'm just a "prospect" so take my word for what you will. but i got really close with a MDP at a B office throughout this recruitment cycle and she gave me a call as soon as the FT rejections for BCG were sent out yesterday saying how her office wasn't taking any full-times this year due to 100% intern returns and Covid. i know it may be a way to let me down easy but i'd be kinda surprised if she was lying about it given our relationship and her eagerness to have me on.

 

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