External Consultancies 2024 | Wait or sign?

MBB is hiring….

Actively…

1) I know candidates getting offers

2) From online research you can see hiring is happening

3) Even when firms fire, they also hire

My strong advice would be to sign the thing you have instead of wait for the thing you maybe possibly hopefully have.

Congrats on getting offers! :)

I would do the move as this improves your chances of getting an offer from MBB in the future. 

Hi there,

First of all, congratulations on the offer(s)!

I would be happy to share my thoughts on your situation:

• First of all, almost all major strategy consulting firms (in Germany) are still hiring, albeit at a slower pace. Given this fact, it could be that your application was simply not strong enough, be it in terms of CV, cover letter and/ or referral.
• Moreover, given the ban periods for almost all strategy consulting firms, I am not sure what other opportunities might arise in strategy consulting for the rest of the year.
• Lastly, I would therefore advise you to consider accepting the offer from this strategy consulting firm very carefully.

If you would like a more detailed discussion on your specific situation, please don't hesitate to contact me directly.

Best,

Hagen

You can find the consulting salaries report 2024 here!

Hi there,

I can confirm as well from several coachees who recently got offers that MBB is hiring.

Based on what you shared, I suggest you take the best offer you have on the table if that improves you current position. Once you are there, you have a lot of time to work on your application strategy for MBB in the following moths.

Best,

Alberto

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Check out my latest case based on a real MBB interview: Sierra Springs

Good information! 

Hi there,

Congrats on your offers in this difficult market.

I would move to the other firm now as this further strengthens your profile for MBB next year, and then apply with MBB after one year.

Kind regards,

Florian

Did you try with MBB? From what I have seen, I also second Ian that hiring is picking up. It is of course nothing like 2022 but not as bad as 2023 either.

Hi there,

Congratulations on the offer! In terms of your question: 

Q: Should I sign that offer or wait until more opportunities come across throughout 2024?

If you have already applied to all the possible companies, and this is the best opportunity right now (compared also to your current employer), then I would go for it. If you still have applications ongoing/to complete, you might want to postpone signing/joining once you have completed the process with them, if possible.

Good luck!

Francesco

If that is the best offer you have, I agree it can be a positive move towards MBB/Strategy Consulting.

The only piece of advice I would give would be to consider whether you prefer that Big4 role or staying where you are. If you are only moving as an intermediate step for something else, and the role by itself does not look more interesting to you than the one you have, then you should stay.

If you don't have to sign the contract until Q1, then I would keep an eye on the market, speak with the recruiters and if cool new opportunities pop up, then you should go for them. 

And in that case, you should make it clear to the recruiters that you have a competing offer that you need to respond to, and as a consequence, they should fast-track you through the recruitment process.

Best,

Cristian