Hiring freeze MBB Germany

Hi there,

At this point, I can confirm that there has been a significant slowdown already for a while, however, no full hiring freeze.

It's much harder to go through the initial screening process (resume and test/game) as well as receive an offer through the interviews.

Hence, you should only apply with

• a stellar and polished resume
• a strong referral
• having practiced enough for the online assessments (do not start practicing once you receive the invite)
• case and fit practice well underway

All the best,

Florian

Hi there!

Yes, they have slowed down hiring. Not only for Germany but everywhere. 

I am not aware though of McKinsey having already filled their pipeline for 2024 in Germany, though I know that for the UK, for instance, they planned on filling the pipeline by end of March. 

As I always say, these things are outside of your control. The only thing that you can do is to check in with the recruiter and ask if they are still accepting applications. If they do, then you need to prepare an amazing application that has a chance of passing screening. You might find the following guide helpful in terms of how to strategise around your applications:

• Expert Guide: Build A Winning Application Strategy

Best,
Cristian

Hi there,

In general, yes, things are slower. In regards to 2024 specifically, while that may be possible it does not mean applications/interviews won't happen this year.

As always, you need to keep networking to understand what's happening at any given time for your specific office/role (things change quickly) and to increase your odds. And, you need to broaden your search from just MBB.

How to Get a Consulting Internship - Tips and Tricks
 

Application Tracker – Keep Track With This Free Template

Not exactly freeze, but I can confirm it is going slow. It is important to notice that in these market conditions most of the hiring comes from university recruiting (fresh graduates), with experienced hires being a minority. 

As such, by March / April, the September intake tends to be complete, and the next recruitment cycle will be for January (and start by September).