Hi,
Was wondering if anyone had any insights into MBB hiring in UK for experienced hires for general and digital roles?
I have been hearing a lot of mixed messages across multiple media platforms about hiring freezes/benching/layoffs and not really sure how credible or trustworthy these sources are and whether this is specific to certain locations. Should I be concerned?
I notice BCG in London is still hiring for individuals with tech backgrounds, but McKinsey isn't.
Thanks in advance.
Hi there,
I would be happy to share my thoughts on your questions:
If you would like a more detailed discussion on how to best prepare your application files, please don't hesitate to contact me directly.
Best,
Hagen
(edited)
Hi,
I'm still hearing about candidates (incl. experienced hires) currently interviewing with McK in London as well.
Being concerned doesn't really change the situation. If you want to enter MBB consulting, you should apply. Under the current economic climate there is no telling when the situation will change considerably. So trying to time your application based on that might not be a viable route.
The worst case is you get rejected and then have a 12-18 month ban period before you can re-apply. In the meantime the economy will likely end up looking differently so you really don't have that much to lose.
Best
Hi!
Yes, there's a lot of gossip. Some of it is true thought, but because hiring priorities change rather quickly, what is true now might be irrelevant tomorrow.
My advice is twofold:
1. Reach out to the recruiter to get fresh info. Send them your CV, tell them the position you'd be interested in and ask them whether they are now accepting applications or whether it would be best to apply at the start of the year.
2. When you don't get responses, apply anyway. If what is happening in the recruitment market is outside your control, then there's no reason to worry about it. Just worry about what you can do. And you can apply.
Lastly, make sure that you apply broadly. Diversification will incrementally improve your chances of getting an offer. Check out some more tips on this here:
Good luck!
Cristian
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Practicing for interviews? Check out my latest case based on a first-round MBB interview >>> CodeWave
Hi there,
In the past month I've been “swarmed” by candidates interviewing with MBB UK.
Specifically, BCG Platinion/Digital appears to be hiring/interviewing again.
Please don't use “media platforms”.
There is never a “generic” situation. Rather, it depends on the exact firm, the exact role, the channel of recruiting, etc. Network, network, network to see what exactly applies for your situation.
(In general, hiring isn't great, but there are interviews happening)
The situation is not great to be honest. If you look at the FT article from today you can see that EY has delayed start dates by up to a year given slow business. MBB has had similar issues and has been staggering start dates as well.
On the plus side, there is general optimism that things will pick up in the latter half of 2024.
Hi there,
Yes, they are hiring digital profiles in the UK. You can double check this via recruiters or internal referrals.
Best,
Alberto
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Check out my latest case based on a real MBB interview: Sierra Springs
Hi there! Recruiting is very much a case-by-case game. So definitely do not shy away from applying. I still have McK coachees in UK although momentum slowed. Feel free to ping me for a free coffee chat to learn more for experienced hire applications. Warm regards, Freddy
