Hello,
I was recently rejected at the screening stage at two of the three MBBs for a DACH-based office, notwithstanding referrals. The rejections hurt, as I had planned to transition into consulting for quite a while. I'm a medical doctor with three years clinical experience at a significant tertiary care centre and have always been competitive among my peers (masters on top of medical degree, published research, extracurriculars) to the extent that my referrers (friends/colleagues) also voiced their surprise at the rejection.
I'm at a loss how to proceed and would appreciate your thoughts. The rejections letters were generic ("please reapply with more experience"), but the feedback I've received so far from friends in consulting is the following:
A) Not enough corporate experience proving interest in consulting or value to consultancies
B) Potentially imperfect resume format (too medical/scientific and not consultancy-focussed enough)
C) Only applied to one office
D) Overstaffing. One of the two rejecting consultancies is actually firing DACH-based consultants right now (confirmed from three sources), the other's partners in DACH are taking bonus cuts to prevent redundancies with many of their consultants currently “on the beach”.
I'd appreciate your input how to proceed. I'm obviously quite nervous about the one first round interview that I do have, because if I bomb it, that's me out for at least a year (or forever?).
I'm also applying for jobs in big pharma, which albeit also competitive, could solve A) if I were to reapply next year. B) and C) would also be easily actionable.
However, with regards to D), I wonder whether it might be a good idea to postpone the interview by a few months (could argue this with my gruesome, night shift-ridden work schedule)? I can't imagine the third MBB being understaffed when the other two are clearly struggling with too many employees.
Also, do you have any suggestions what kind of (relatively easily attainable/actionable) experience might sway recruiters to invite me to an interview the next time round? Bear in mind I'm 30 and already have had my fair share of time at university.
Further, if D) were to be the main reason and it is true my local offices are currently simply overstaffed, what are the chances of a successful application sometime down the line if I simply continue gain experience working as a medical doctor (which, given the role I have, almost everyone in my circle is suggesting I do)?
Finally, from your experience, what are the chances of being invited to an MBB-interview after rejection at the screening stage the first time round?
Best wishes,
Max
(edited)
Hi Florian, Many thanks for your insights concerning my situation - very much appreciated! If I may ask a follow-up question: assuming supply/demand for consultants was a big driver for the two rejections and not something else I've overlooked, do you believe chances would improve if I simply reapply in a year or two once the market lightens up or would I need to prepare for considerable changes to my CV (considering my clinical job is really not too bad already and I've completed my university experience, so not many more academic certificates to collect)? Best wishes, Max