Get Active in Our Amazing Community of Over 451,000 Peers!

Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Case Partners to connect and practice with!

How does the Consulting Q&A work?

Anyone can ask a question

Anyone can write an answer

Upvotes let answers rise to the top

Interviewing in a Slow Economy

Bain BCG McKinsey Recessions

Most recent answer on Jun 30, 2023

Francesco

Expert

#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Francesco

Expert

gave the best answer on May 08, 2023

#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Hi Emma, Congratulations on the invitation. In terms of your question: 1) I know all of these firms have slowed down hiring. Does this mean my interviews are a sham? The interviews are not going to be a sham, they would ... (read entire answer)

5
Answers

768
Views

51
Total Upvotes

on Jun 30, 2023 on Jun 30, 2023
Last Activity

Economic slowdown and promotion timeline at MBB

career progression MBB promotion Recessions

Most recent answer on Mar 16, 2023

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer on Mar 15, 2023

#1 rated MBB & McKinsey Coach

Hi there, As you might expect, there's no public data on this, so the evidence is all anecdotal. But yes, you can expect promotion timelines to be slightly delayed. The formal reasoning for this is that there are fewe ... (read entire answer)

5
Answers

883
Views

42
Total Upvotes

on Mar 16, 2023 on Mar 16, 2023
Last Activity

Impact of the recession on emerging markets

Africa MBB Recessions

Most recent answer on Mar 14, 2023

Francesco

Expert

#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Francesco

Expert

gave the best answer on Mar 08, 2023

#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching

Hi there, Q: The strategy consulting activities are slowing down in the US and Europe. Is it also the case for MBB offices in emerging markets? I know that recruiting in some SEA markets has been affected. However as me ... (read entire answer)

8
Answers

639
Views

78
Total Upvotes

on Mar 14, 2023 on Mar 14, 2023
Last Activity

Looking for exciting discussions from the community?

Upcoming MBB interview – company announced hiring stop internally

Case Interview MBB Recessions

Most recent answer on Feb 21, 2023

Hagen

Expert

#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hagen

Expert

gave the best answer on Feb 19, 2023

#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi there, First of all, congratulations on the invitation! I think this is an interesting question that may be relevant for many people. I would be happy to share my thoughts on it: First of all, it is true that the cur ... (read entire answer)

7
Answers

1.1 k
Views

88
Total Upvotes

on Feb 21, 2023 on Feb 21, 2023
Last Activity

Likelihood of interviews being canceled

Recessions recruitment

Most recent answer on Feb 03, 2023

Cristian

Expert

#1 rated MBB & McKinsey Coach

Cristian

Expert

gave the best answer on Feb 02, 2023

#1 rated MBB & McKinsey Coach

Hi there, I understand this is happening in some offices, but none of the candidates I'm currently working with have had this experience. There's not much that you can do about this. What you can control however is yo ... (read entire answer)

10
Answers

469
Views

80
Total Upvotes

on Feb 03, 2023 on Feb 03, 2023
Last Activity

MBB Start Date Delay (2023)

Delay MBB Recessions

Most recent answer on Dec 10, 2022

Florian

Expert

Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Florian

Expert

gave the best answer on Dec 05, 2022

Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Hi there, Hiring is definitely slowing down globally at the moment, however, it's not fully dead yet in most countries. If you already have an offer, it should be all good but I want to share 3 observations nonetheless. ... (read entire answer)

8
Answers

2.8 k
Views

47
Total Upvotes

on Dec 10, 2022 on Dec 10, 2022
Last Activity

Recession Recession

Recessions

Most recent answer on Nov 19, 2022

gave the best answer on Nov 19, 2022

It's highly unlikely that your offer will be retracted: Retracting an offer causes serious reputation damages to a consulting firm. They will only do this as a last resort You are not recruited to a “one-man” role, but ... (read entire answer)

9
Answers

1.1 k
Views

81
Total Upvotes

on Nov 19, 2022 on Nov 19, 2022
Last Activity

Economic environment/Business Cycle 2023-2024

Recessions

Most recent answer on Jul 18, 2022

Moritz

Expert

ex-McKinsey EM & Interviewer | 7/8 offer rate for 4+ sessions | 90min sessions with FREE exercises & videos

Moritz

Expert

gave the best answer on Jul 18, 2022

ex-McKinsey EM & Interviewer | 7/8 offer rate for 4+ sessions | 90min sessions with FREE exercises & videos

Hi there, None of us have a crystal ball so the best thing you can do is hedge your bets. In practice, this means your profile needs to be attractive, whatever happens. Recession: You must be able to sell yourself as a ... (read entire answer)

5
Answers

737
Views

41
Total Upvotes

on Jul 18, 2022 on Jul 18, 2022
Last Activity

Recession

BCG McKinsey and Bain Recessions

Most recent answer on Jul 17, 2022

gave the best answer on Jul 15, 2022

Hi there! To some extent, hiring and firing depends on how many projects MBB has, which is not directly related to the economic climate. For example, a recession can also mean an increase in turnaround work. In case th ... (read entire answer)

4
Answers

1.1 k
Views

51
Total Upvotes

on Jul 17, 2022 on Jul 17, 2022
Last Activity

Have got an offer letter. Can it be rescinded due to recession/Covid19?

consulting Coronavirus covid19 dubai recent graduate Recessions

Most recent answer on Sep 13, 2021

Robert

Expert

McKinsey offers w/o final round interviews - 100% risk-free - 10+ years MBB coaching experience - Multiple book author

Robert

Expert

gave the best answer on Mar 09, 2020

McKinsey offers w/o final round interviews - 100% risk-free - 10+ years MBB coaching experience - Multiple book author

Hi Anonymous, I fully agree with Clara - it is unlikely that your offer is taken back. Needless to say, we are currently in a global situation of uncertainty and political actions (see Italy) like not having been si ... (read entire answer)

10
Answers

8.1 k
Views

8
Total Upvotes

on Sep 13, 2021 on Sep 13, 2021
Last Activity

Economy Dips/Hiring in Western Europe

Application application process economics hiring interview process MBB Recessions

Recent activity on Jan 03, 2019

Guennael

Expert

Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews

Guennael

Expert

gave the best answer on Jan 03, 2019

Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews

Even during recessions, consultancies will need new people coming in. Classes may be a little smaller, but most of the impact would be felt by consultants already in the firm: less staffing, harder promotions / longer c ... (read entire answer)

1
Answer

2.5 k
Views

2
Total Upvotes

on Jan 03, 2019 on Jan 03, 2019
Last Activity

How do consulting firms cope with economic recessions?

Recessions

Recent activity on Jan 08, 2018

Anonymous gave the best answer on Jan 06, 2018

As you can imagine the biggest line expense in a consultancy P&L is people and therefore if revenue line falls that's the biggest lever they can pull to to maintain profitability or even survive. In the US - after ... (read entire answer)

3
Answers

8.6 k
Views

7
Total Upvotes

on Jan 08, 2018 on Jan 08, 2018
Last Activity

Do you have a question for our consulting experts, too?

12 results

Consulting Q&A – Ask Questions about Your Career

In this overview, you will find all the questions asked so far by the PrepLounge community. Anyone can ask questions and write answers. Our coaches are also happy to share their expertise. If you like an answer, give it an upvote so that it rises to the top. Here you can also find our guidelines and FAQs for the Consulting Q&A.