Upcoming MBB interview – company announced hiring stop internally

Hi there,

First of all, I'm sorry.

The current situation sucks and is not fun for anyone.

That said, this is the most important moment in your life…until the next one.

That said, this too shall pass.

That said, focus on that which you can control.

It's unlikely to be noticeably better in a few months time. But in a year, or 2, or 3, or less than a year, things will be just fine.

Do your best now. Be that exceptional candidate.

Oh, and did you know MBB aren't the only 3 companies in the world?

Apply to other firms! As in…apply to dozens of other firms.

Get out there. Push hard. Do your best. And you will succeed.

I applied to BCG in undergrad. Didn't get an interview.

8 years later I was there….and much preferred the job I got out of undergrad!

Try your best. Cast your net wide. Go with the flow. The world doesn't end if MBB doesn't happen.

(edited)

Hello,

Sorry to hear about this situation

Here are my thoughts:

1) Only ask for the deferral if you feel that it will help you improve your preparation. The current situation may not necessarily get better in the next few months. It could arguable get even worse. However, if you feel that your performance can improve by getting some more time, then ask for it, else go for it now!

2) By improving your performance, you will certainly be good enough for Tier 2 firms. This may not sound ideal, but you have to adapt to the situation at hand. If consulting is your dream, then get into Tier 2 now, and consider shifting a few years down the line if you really want to. You can also try applying to a geography that IS hiring strongly, e.g. middle east (relative to the rest of the world).

3) If consulting is not your ultimate dream, consider other attractive opporunities that come your way while at universities!

Hope this helps!

Best,

Rushabh

Hi there,

Unfortunately, the recruiting environment at the moment is really that bad. I had several candidates, who had their interviews canceled because of this, and others with strong profiles not even getting an interview invitation.

I have posted about here extensively over the last couple of weeks/months (e.g., https://www.preplounge.com/en/consulting-forum/given-the-current-hiring-freeze-in-most-firms-does-this-mean-i-still-have-a-chance-14923) and recently have also been interviewed about it: https://www.semafor.com/article/02/16/2023/the-rich-are-getting-poorer

In your situation, I would definitely go for the interviews for two reasons:

1. You get your shot and might make it
2. If your performance is strong but you are a victim of the hiring goals, they will ask you to re-apply much sooner (no real ban period). 

All the best,

Florian

Hi there,

this is indeed a difficult situation. But there is no way of knowing how the industry and economy will shape up over the next year. 

My advice would be to take the interview and give it your best. Maybe you get one of the few offers, but even if you won't, you will have valuable interview practice under your belt. 

Given the circumstances of your end-of-year graduation and the economic situation, you should also be able to weather the 12-18 months ban period in case of a rejection. 

Best of luck

There's a few approaches to how to deal with the slowdown in hiring. 

The first one is to interview as planned and aim to be one of the exceptional candidates they do give offers to. 

The other is to postpone your interview process to when the economy picks up again which is likely to be end of this year/early next year. 

The safer bet is to wait it out but there is no guarantee that things will be any better when you graduate either. The best answer in situations like this is to always go with your gut.

Best, 

Udayan 

I thought MBBs would keep the bar the same, just invite fewer candidates to interviews and then delay the start dates for people that do make it through?