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Wall Street Oasis » Forums » Consulting Cabaret

Consulting Recruiting @ MBAs This Year? Forum's RSS Feed Share

shorttheworld's picture
by shorttheworld      ST
 
 
(Neanderthal, 3,873
 
Points)
  on 2/21/12 at 6:05pm

Hey all -- was just curious to hear how recruiting is going at some of the Top 15 programs for consulting this year if anyone has any idea -- I'm waiting to hear back on Duke and Yale over the next month but was invited to Cornell for their scholarship weekend but I heard their consulting recruits didnt go very well at all for summer internships... wondering if anyone could speak to Duke or Yale? Also, I know that MBB and other consulting firms hire more for FT than for interns (what is the logic for this btw haha just not so many places to staff them for short times in the summer?) so should this lower number of summer intern hires not be too worrisome? I know Cornell has ties to Bain Dallas ....

One particle of unobtanium has a nuclear reaction with the flux capacitor, carry the two, changing its atomic isotope into a radioactive spider.... Fuck you science! Don't ever let the place you start dictate where you finish
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  • Consulting Cabaret
confusedIB's picture

Don't know about

confusedIB     
 
(Chimp, 10
 
Points)
  on 2/21/12 at 6:27pm

Don't know about Duke/Yale/Johnson. At M7 (outside of HBS/S), and McK and BB's cleaned up. 50-60 kids went to Bulge Brackets. McK/BCG/Bain hired a ton. Out of all the kids I know, only two or so didn't end up at MBB.

Is there no way you can lever up and head to a CBS/W/Booth/Kellogg? Those are arguably the strongest feeders for consulting companies. Johnson is good, but not great. Not many kids end up at MBB, and those that do end up in random cities where they're hiring and can't get anyone to fill spots. I would prob choose either Fuqua or Yale given your three schools.

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hartfordwhalers84's picture

I heard the consulting

hartfordwhalers84      CO
 
(Senior Monkey, 72
 
Points)
  on 2/21/12 at 6:34pm

I heard the consulting interviewing was going failry well at Johnson, but it definetely helped to list a Minneapolis or Cleveland versus a NYC or Boston. I would say Fuqua is your best of the three mentioned.

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Brady4MVP's picture

Outside of the M7, getting a

Brady4MVP      HF
 
(Neanderthal, 2,597
 
Points)
  on 2/21/12 at 6:46pm

Outside of the M7, getting a MBB job is very difficult. But hey, the job market could be very different in 2 years, so you never know. Just bust your ass off on the case studies like your life depended on it.

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fuquan's picture

^ not true. lots of MBB at

fuquan     
 
(Chimp, 6
 
Points)
  on 2/21/12 at 7:56pm

^ not true. lots of MBB at Fuqua this year, send me a PM if you want

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IRSPB's picture

What about Ross for MBB?

IRSPB     
 
(Senior Baboon, 223
 
Points)
  on 2/21/12 at 10:04pm

What about Ross for MBB?

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ProspectiveMonkey's picture

Don't be worried by the low

ProspectiveMonkey     
 
(Senior Orangutan, 375
 
Points)
  on 2/21/12 at 10:43pm

Don't be worried by the low summer associate numbers. This job is a walk in the park and you get paid asinine amounts of money compared to the value that you actually add to the firm (honestly have seen summer associates fly home on a wednesday night and dick around in the office thursday/friday). Also, there are a lot of perks besides hourly wage that get grouped in with summer interns (larger signing bonus, tuition reimbursement, etc).

Essentially they only hire those that they know for a fact other firms will steal if they don't snatch up and spoil them. Consultants get so jelly.

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redninja's picture

At HBS I would say that

redninja      O
 
(Senior Orangutan, 447
 
Points)
  on 2/22/12 at 12:08am

At HBS I would say that roughly half of the people who applied to MBB got an offer from at least one. Another quarter got Deloitte, Booz, Monitor, Parthenon, LEK or Altman. About a quarter came away empty handed.

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jtbbdxbnycmad's picture

Redninja's report soundds

jtbbdxbnycmad      O
 
(Senior Orangutan, 436
 
Points)
  on 3/6/12 at 3:04am

Redninja's report soundds about right. Spoke to a first year at an m7 who said:

- internship hiring is actually more competitive than first-year hiring because there are less spots
- there are still a TON of spots
- McK alone interviewed 100 students for internships
- odd distribution in open/closed lists; I know someone who networked well and got invited to 1st rounds for Bain and BCG and didn't get final round interviews, and this same person bid for McKinsey (wasn't invited) and got a final round
- a bit over half of those interested in consulting end up at MBB for their internships
- obviously most of the rest go to Deloitte, Booz, Monitor, AT Kearney etc
- the GMAT actually correlates strongly with pecking-order success
- consulting became a lot more popular as it captured the lion's share of disenchanted finance folks
- influx of competition was at least partially matched by increase in spots; up roughly 10%

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shorttheworld's picture

yeah definitely seen and

shorttheworld      ST
 
 
(Neanderthal, 3,873
 
Points)
  on 2/22/12 at 8:40am

yeah definitely seen and understood all this -- so where do the people go who do NOT get a summer internship in consulting? fortune 500? internal strategy at f500 firms or whatnot?

i think if i ended up pigeonholed into doing f500 cuz i didnt get into consulting vs doing equity researcho r the like id be verreh upsetted :>

One particle of unobtanium has a nuclear reaction with the flux capacitor, carry the two, changing its atomic isotope into a radioactive spider.... Fuck you science!

Don't ever let the place you start dictate where you finish

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shorttheworld's picture

and re: johnson yeah i know

shorttheworld      ST
 
 
(Neanderthal, 3,873
 
Points)
  on 2/22/12 at 9:06am

and re: johnson yeah i know bain dallas and McKinsey pittsburgh are the big ones..

One particle of unobtanium has a nuclear reaction with the flux capacitor, carry the two, changing its atomic isotope into a radioactive spider.... Fuck you science!

Don't ever let the place you start dictate where you finish

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karl_pilkington's picture

shorttheworld wrote: yeah

karl_pilkington      CO
 
(Monkey, 59
 
Points)
  on 2/22/12 at 10:47am
shorttheworld:

yeah definitely seen and understood all this -- so where do the people go who do NOT get a summer internship in consulting? fortune 500? internal strategy at f500 firms or whatnot?

i think if i ended up pigeonholed into doing f500 cuz i didnt get into consulting vs doing equity researcho r the like id be verreh upsetted :>

If you are dead set on consulting, you can do something about now, which is to practice your cases. And don't just memorize frameworks, dig a level deeper and truly teach yourself how to think in a structured way.

I would also point out that all the schools you mentioned are good, and plenty of spots are available for a variety of firms at those schools. I will repeat the analogy I used on another thread, which is if someone really wants to play D1 hoops, they will play whether or not it's at Kentucky or a crappy state uni. If you really want to do consulting, you will pull it off - the question is simply where.

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shorttheworld's picture

hey kentucky and uconn and

shorttheworld      ST
 
 
(Neanderthal, 3,873
 
Points)
  on 2/22/12 at 10:51am

hey kentucky and uconn and kansas are all stat univs for d1 hoops haha

yeah -- and maybe im totally off on this -- but the more and more i look at the cases and PST and case kind of math the more and more trading actually seems like it will help me in terms of the thinking.. like if ABC happens to XYZ stock what are some of the periphery events and stocks that you can make trades off as secondary effects kind of helps the thinking of what other things could effect what in terms of consulting. also, the math seems easy compared to some of the trader quick math :) so i think ill have a leg up on that

One particle of unobtanium has a nuclear reaction with the flux capacitor, carry the two, changing its atomic isotope into a radioactive spider.... Fuck you science!

Don't ever let the place you start dictate where you finish

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