Does the current market turmoil mean less MBB hiring next year?

Question

I know its difficult to say a year our, but as someone seeking to break into MBB in the US next year and seeing all the craziness in the markets, should I be worried?

I thought recruitment sentiment for full time and laterals was looking better for next year, but is that no longer the case?

Interested to hear thoughts.

Answer 1

If you're talking about the stock marked the last 3 days I really wouldn't take that into account. That's what stocks do they go up and down for many reasons. As long as the overall health of the economy is strong and gdp growth is good there will be hiring.

Answer 2

Hi there,

So far, nothing has changed. Everyone I talk to within firms (active consultants and recruiters) is cautiously optimistic.

Yet there are many unknown variables in the game (some could instantly lead to black swans and new hiring freezes) so it's hard to definitively answer this now.

Cheers,

Florian

Answer 3

If a recession is confirmed, then yes, that will mean less hiring.

But it will not come from the stock market turmoil, but rather from the economy stagnating or going down.

Answer 4

Hi,

A fair question - but I think the question I will ask you is “so what?” If you end up worrying more, how does that help you?

Of course, less hiring means roles are more competitive.. but these are things beyond your control. If you are anyways set on going into consulting, then whether there is more or less hiring shouldnt change the way you prep and make sure you are the best choice for the firms :)

Answer 5

Hi, Great question. Sharing my perspective having considered exits at various stages. I would say it all depends on... (read entire answer)

Hi, Great question. Sharing my perspective having considered exits at various stages. I would say it all depends on what your exit goals / outcomes are. I would characterize op... (read entire answer)

Answer 6

Hi! I wouldn't worry about them reneging on the offer. Through the background check, they rather want to understand... (read entire answer)

Hi! I wouldn't worry about them reneging on the offer. Through the background check, they rather want to understand whether you purposefully tried to hide something or lie in t... (read entire answer)

Answer 7

Hi there, I would say a typical timeline from submitting your application to ultimately receiving an offer (if that w... (read entire answer)

Hi there, I would say a typical timeline from submitting your application to ultimately receiving an offer (if that were to happen) is often between 6-8 weeks. If you apply in... (read entire answer)