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Offer rate for final round at 2nd tier firms

I know the final round offer rate at MBB is about 50% but I was wondering for second-tier firms like Kearney, Oliver Wyman, and LEK what the offer rate typically is? Also for Boutique firms, I'm sure it's hard to generalize, but would you expect them to be greater than or less than 50%?

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Top answer
Ian
Coach
on Jul 20, 2023
Top US BCG / MBB Coach - 5,000 sessions |Tech, Platinion, Big 4 | 9/9 personal interviews passed | 95% candidate success
on Jul 21, 2023
#1 Rated McKinsey Coach | Top MBB Coach | Verifiable success rates

Hi there, 

50% is on the high-end.

I'd rather say 25% at best - meaning 1 in 4 candidates who get to the final round get an offer in MBB. 

Tier 2 and 3 should have similar or just slightly higher rates. At the end of the day, they also receive fewer applications, so there are not as many people to choose from. 

Hope this satisfied your curiosity :)

And if you're currently applying and want to set up a strong application strategy, here's a free guide on how to do it:

Best,
Cristian

Deleted user
on Jul 21, 2023

This is going to greatly vary by firm, region, office, recruiting cycle, candidate pool, and so on. So any average numbers are going to be too general to be accurate for any given situation. That being said, firms are typically quite judicious about final round candidates, so ~50% odds seems like a fair guess.

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Andi
Coach
on Jul 21, 2023
BCG 1st & Final Round interviewer | Personalized prep with >95% success rate | 7yrs coaching | Experienced Hires

Hi there, 

as some other coaches already mentioned, this highly depends on the firm, geography and current hiring situation

In general, you should not expect that getting into these firms is more competitive than MBB, especially once you're in the interview process. In the screening, I do see instances where some of the firms you mentioned look more closely for specific experience, hence screening conversion rates can be lower.

Hope this helps.

Regards, Andi  

Pedro
Coach
on Jul 22, 2023
Bain | EY-Parthenon | Former Principal | 1.5h session | 30% discount 1st session

This varies across firms, offices, seniority level, … and month…

Basically it is not a reliably KPI, because it changes the whole time.

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