Bain & Company | University of Cambridge | CV/Resume writing | 770 GMAT
Book a coaching

Brexit implications

Someone asked on Nov 06, 2018 - 1 answer

I was wondering what Experts thought about the ramifications of Brexit on the (UK and European) consulting industry especially in regards to recrutiment if there is a no-deal.

Alessandro
Expert
updated his answer on Nov 06, 2018
Bain & Company | University of Cambridge | CV/Resume writing | 770 GMAT

Hi there,

That's a difficult quesiton, and even senior partners who look at this issue very closely don't know for sure. However, some thoughts below, both my own and from conversations with colleagues:

- In the short term, any sort of change/disruption tends to be good for Consulting. If lots of firms have to re-organise their headquarters, plan for Brexit scenarios, etc. that means more work. There is already a lot of work going on, both in the public and private space, and this likely will keep going for next year or two.

- In the longer term, it really depends on what you believe a no deal brexit will cause. If a no deal brexit causes a recession, of course that will overall not be good for consulting, as there will be less overall spend on professional services. Additionally, more of the work is likely to be "less desirable" cost-cutting/headcount reduction vs. exciting strategy/expansion projects

- As more firms move their HQs into Europe, you might see also a number of partners and teams moving into Paris/Germany to serve their clients there. This will probably be especially the case in Financial Services, as London is currently the European Hub but is now being Challenged by Paris/Frankfurt.

(edited)

Related BootCamp article(s)

Case Studies

The case study is the most important element of the case interview, which you'll have to nail in order to get into strategic consulting. Here you can learn the specific skills and concepts necessary to solve them.

4 Comment(s)

Interviewer-Led vs Candidate-Led cases

Case Interviews can be led by the candidate or by the interviewer: In Candidate-led cases the main challenge is the structure. In Interviewer-led cases the main challenge is to adapt quickly

0 Comment(s)

Related case(s)

Bain case: Asian lubricants producer

Solved 85.1k times
4.7 5 26716
| Rating: (4.7 / 5.0)

LubricantsCo, a very successful Asian premium producer of lubricants in their native region, would like to further increase their revenue and profit. The product range ranges from lubricants in the automotive sector (e.g. motor and gear oil) to industrial applications (e.g. fats, heavy-duty oils). ... Open whole case

Bain Case: Old Winery

Solved 25.5k times
4.4 5 688
| Rating: (4.4 / 5.0)

You have inherited the “Old Winery” from your grandfather, a winery which has been family owned for five generations and can be dated back to the 16th century. Half of the eleven hectares are used to grow white grapes, the other half to grow red grapes. They are grown in the conventional way, i.e. ... Open whole case

McKinsey Questions

Solved 29.9k times
4.5 5 823
| Rating: (4.5 / 5.0) |
Difficulty: Intermediate | Style: Fit interview | Topics: Personal fit

Tell me of a situation where you had an opinion and no one seemed to agree with you. What was your goal when you decided to join university / work / clubs / a sports team? Did you have a goal that you were not able to reach? What did you do? What do you want to be remembered for and how are you a ... Open whole case

Bain Questions

Solved 19.7k times
4.6 5 233
| Rating: (4.6 / 5.0) |
Difficulty: Intermediate | Style: Fit interview | Topics: Personal fit

Tell me about a difficult situation you had to cope with. Tell me of a task which you didn’t like doing and explain why you performed it nevertheless. Why do you do things? What do you like doing most / What is your favorite hobby? Walk me through a situation where you showed leadership skills. Open whole case

BCG Questions

Solved 19.6k times
4.5 5 173
| Rating: (4.5 / 5.0) |
Difficulty: Intermediate | Style: Fit interview | Topics: Personal fit

What arouses your interest when you are working / studying / doing another activity (from the CV)? Tell me of a time where you had no idea what you were doing. When did you use an uncommon approach to do something? Have you ever had responsibility for other people? Tell me of a situation where y ... Open whole case