Hi forum, unfortunately I was laid off after one year in consulting (post MBA level). I'm taking time to think about my next step now, so would appreciate your suggestions!
I'm still interested in strategy consulting, but at this stage most tier 1&2 firms are not recruiting experienced hires. The ones that are still recruiting seems to be big 4. Some options that I may have:
(1) Apply to big 4: not in my choice now, as I've previously worked at big 4 and don't want to have a big downgrade in salary
(2) Tier 1 / 2 consulting: given that no firms are hiring at my grade in my region, I may try to explore other regions / overseas locations, but chance may be low
(3) Work in the industry: seems to be more feasible, but the concern I have is that if I want to apply strategy consulting in future, my career would look "jumpy" and not coherent. In addition, with only 1 year strategy consulting experience, my options might be more limited as many firms would prefer several years of consulting experience
(4) Try to work as a freelancer and wait till Tier 1 or 2 firms open account: this would create a long gap in my resume, so not really considering this option
In a nutshell, trying to evaluate whether I should pick a job and start working ASAP to avoid career gaps, or spend more time to find job and wait for more headcount openings.
Not in a great position now…so any sharing would be appreciated.