I definitely don't see it, actually the opposite. MBB has been growing fast YoY and they have high demand for new hires. There may be specific offices, but generally I would disagree with that. 

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Hi there,

There is no doubt there will be a slowdown in hiring. That said, you need to remember a few things:

1. Churn at these firms is 25%+ per year…even if they're not growing they need to replace consultants
2. Consultants are non-cyclical (firms hire their services when times are good and when they're bad)
3. If the intake is lower, you need to be better. Your odds of success go down. So,
   1. Apply to more firms
   2. Put more time and money into interview prep
   3. If there was ever a time to maximize your odds with coaching, now is it!

Hi there,

As the saying goes, don't believe in rumours until they turn into reality :)

I honestly doubt there will be a hiring freeze. And even if there, that is not something within your area of control. If I were you, I'd go on applying, working on developing your skills and getting better, since that is something that you can have an effect on. 

Best,
Cristian

Hi There - 

It depends on the region a bit. Post MBA hiring has been quite strong. The offices have a lot of work and are stretched. There might be a slight slowdown to mitigate for some imbalances in the pyramid. 

Definitely do not see a freeze in the near term. Long term is tough to predict. However, consulting firms are known to hire and keep talent through downturns. 

Happy to chat 1v1 more if you would like more colour on specific numbers at some of the firms 

Hi ,

It is difficult to predict what impact the current macro-economic environment would have on consulting industry. The general trend across industries seems to be to curtail new investments and that includes hiring, considering the recession forecasts / predictions from economists and industry leaders such as Jamie Dimon 

However, consulting firms are relatively more resistant to economic cycles. In a downturn demand for growth strategy services reduce while for cost optimization services increase. In other words, there is hope :) that there will not be complete hiring freezes even if a recession hits 

Hello!

I haven´t heard anything as dramatic as a hiring freeze, but for sure there will be a hiring slowdown. However, this will be company by company and, even more, by geography. 

Cheers, 

Clara

Hey there,

There is no hiring freeze yet but definitely a slowdown. It is hard to predict how bad it will become but it does not hurt to look for alternatives should your consulting goals not work out in the first place.

All the best!

Cheers,

Florian

Its slowing down for sure. But I dont think there will be a blanket hiring freeze at least in the short-term.

Long-term predictions are very hard to make at this stage.