How hard is it to break into MBB?

Getting into MBB seems to be more difficult than securing admission to top Ivy League schools. According to managementconsulted.com, only 3 percent applicants get the green signal at MBB compared with 6 percent applicants at top Ivy schools. Here are a few tips to secure an internship at MBB, according to this website.

Is it easy to get fired as a consultant?

First, getting fired in management consulting doesn’t happen often. There are many reasons for this (eg, the rigorous recruiting process, the supportive development-focused culture). However, in tough economic times select firms will significantly tighten hiring and raise the bar on promotions.

What is an up or out policy?

Up or out, also known as a tenure or partnership system, is the requirement for members of a hierarchical organization to achieve a certain rank within a certain period of time. If they fail to do so, they must leave the organization.

How do you politely fire a consultant?

Briefly explain the reasons you are letting the consultant go. Be direct. You don’t need to provide specific details or incidents. If you are firing her because of poor performance, state that you cannot justify the costs for the lack of results, but don’t be rude or accusing.

How hard is management consulting?

Consulting is a highly sought after career choice and it involves one of the most difficult recruitment processes in the corporate world. It requires a certain type of person with specific personality traits not only to receive an offer, but also to succeed on the job.

Is Deloitte Consulting up or out?

In fact, Deloitte Consulting is very clear that, in contrast to MBB, theirs is not an “up or out” culture – because it has so many options for consultants to tailor-make a career, leaders emphasize that the firm is a great place to grow a whole career- not just to get training for a future as a CEO.

How much do MBB partners work?

MBB partners, about six to eight years out of business school, earn between $350,000. A senior partner can take home $450,000 to $650,000 annually, with bonuses approaching and sometimes exceeding half a million dollars a year.

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