Category: Consulting News

No Guaranteed Offers With MBB Internship

The leading giants of the consulting industry, McKinsey, Bain, and BCG (aka MBB), have made a subtle, but significant shift in their hiring policy. Beginning in 2019, the top 3 consulting firms were known for guaranteeing students a full-time position alongside their summer internship offer. This was part of the lure of MBB for top…

Breaking: EY-Parthenon Pushes Start Dates from Feb to July 2024

Recent grads, listen up. EY-Parthenon - the popular strategy consulting firm nestled within Big 4 conglomerate EY (Ernst & Young) - is delaying start dates for Associates (new undergraduate hires) from February to July 2024. This news affects those who graduated in May or June of 2023 and is the second time EY-Parthenon has delayed…

Guidehouse Acquisition By Bain In $5.3B Deal

Ready for some big news in the consulting industry? On November 6, 2023 it was announced that the McLean, Virginia based consulting firm, Guidehouse, will be acquired by Bain Capital in a massive $5.3 billion deal. Let’s take a look at what this means for this leading public sector consulting firm and for the industry…

Wavestone Merger with Q_PERIOR

Wavestone, a consultancy headquartered in France, and Q_PERIOR, a consulting leader in Germany and the surrounding region, have announced a merger, the result of which will be a new European consulting force. The two firms have nurtured a non-equity partnership since 2019, leveraging their complementarities in geographical coverage, industry footprints, and expertise. Because of this…

ZS Associates Cuts Undergrad Internship Cohort by 50% and Delays Start Dates for New Hires

ZS Associates, the global consulting firm, is cutting the size of its 2024 undergraduate internship cohort by 50%. This is on top of the fact that start dates for many new hires - who were offered in 2022 and 2023 - have been pushed back to January 2024. This decision represents a marked departure from…

Bain Interview Portal Opens July 10th

Bain & Company, one of the world's leading management consulting firms, has exciting news for those undergraduate and MS students who have been invited to interview for 2024 internship or full time roles. The firm's interview portal is set to open on Monday July 10th, 2023 - if you've been invited to interview, this is…

McKinsey, Bain, BCG Delay Consultant Hiring (MBA) Start Dates to 2024

Breaking consultant hiring news - the future for MBA hires at top consulting firms appears uncertain. First reported by the Wall Street Journal, renowned consulting firms McKinsey & Company, Bain & Company, and Boston Consulting Group are postponing start dates for some of their new MBA recruits to 2024. Let's look at the factors behind…

Breaking News: Accenture Plans 19,000 Job Cuts

Accenture is joining McKinsey at the downsizing party. On an analyst call this week, the firm announced what would be one of the biggest headcount reductions in its history - the elimination of 19,000 jobs in non-billable roles. That's a staggering 2.5% of the behemoth consultancy's ~740,000-strong workforce. This decision comes as no surprise to those…

Breaking News: McKinsey Plans 2,000 Job Cuts

McKinsey job cuts are few and far between. In what would be one of the biggest headcount reductions in its history, Bloomberg News first reported that McKinsey & Company is planning to eliminate 2,000 jobs from non-client-facing teams. The cuts at the prestigious consultancy, which boasts over 45,000 global employees, represent ~4% of its rapidly growing…

L.E.K. Anywhere Program

L.E.K. Consulting, a leading global management consulting firm, is introducing a new hybrid working model that is designed to provide more flexibility and work-life balance to its employees. This new initiative will allow consultants to work remotely 2 days a week and also offers top performers the opportunity to work fully remote for an entire…