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Milkround recruiting situation?

 
#1 Milkround recruiting situation?
02/08/2001 00:00

Amanda

Hi! I'm in my Final year at University and would like to begin a career in consulting. I'm concerned when I see all the layoffs taking place at the consultancies right now. Do you think the firms will be recruiting as normal for new graduates this year? Or should I consider taking some time out and applying a year later? Thanks for any advice. Amanda

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#2 Re: Milkround recruiting situation?
02/08/2001 00:00

Jamie Risso-Gill

There will still be opportunities for the very best graduates however, we will not see consultancies recruiting the same volume of graduates as was the case last year. It is certainly worth considering a year off and applying next year.

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#3 Re: Milkround recruiting situation?
06/08/2001 00:00

Chris Sale

Either start a career that will enable you to get into consultancy later as an "experienced hire" or delay applying until the firms are more actively hiring. The odds are stacked against you at the moment. If you can usefully take a year out and do something CV enhancing with it then do so

Hope this helps

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#4 Re: Milkround recruiting situation?
08/08/2001 00:00

Jules G

Hi Amanda,

your research into your target career is laudable. As for your question, recruitment of new graduates by the major consultancies is indeed likely to be down on this years milkround.

The consultancy market has undoubtedly suffered a downturn recently and this has had the knock-on impacts that you've noted, namely lay-offs. There has also been a less well reported knock-on in reduced recruiting levels.

There are other more subtle impacts that you will also have to think about in the short term. In a downturn situation clients tend to buy smaller projects, that require fewer staff. These in turn provide less stretching opportunities for new entrants to the profession with the result that your career path in the early days may not be as rapid as you'd like.

So my advice to you would be to question any consultancy you are considering very closely about its own particular circumstances and the opportunities (project based or otherwise) that it will be able to furnish you with.

Personally I think that the shake-out will continue in the industry at least until the end of the year, but that conditions should start improving from that point onward.

Good luck with the job hunting!

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