Category: McKinsey

the image is the cover for an article on the great resignation on consulting

How the Great Resignation Affects Consulting Firms

The “Great Resignation” or the “Big Quit” refers to the idea that many people have become disengaged and disenchanted with their jobs and employers. Some experts believe that the COVID-19 pandemic has accelerated this trend, as many people have been forced to work from home and have become disillusioned with the traditional 9-to-5 workday. Additionally,…
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the image is the cover for an article on up or out policies in consulting firms

‘Up Or Out’ in Top Consulting Firms: An Honest Perspective

Top-tier consulting firms such as McKinsey, BCG, and Bain are renowned for their rigorous selection process, with only 1% of applicants making the cut. But securing a position is just the beginning. These firms also employ the infamous ‘up or out’ principle, where consultants must continually prove their worth or face the possibility of being…
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the image is the cover for an article on consulting recruiting slowdown and hiring freeze

Consulting Recruiting in 2023: Slowdown or Freeze? (2024 Update)

One of the most common concerns I currently read across all consulting job boards and discuss with my clients is that everyone feels the slowdown in hiring with firms such as McKinsey, BCG, and Bain. On top of that, I see decreasing activity in article views, and coaching requests (not just myself but colleagues as…
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the image is the cover for an article on passing the consulting screening process for applicants

How to Get Into Consulting: The 2026 Guide to McKinsey, BCG & Bain

Updated June 2026 · By Florian Smeritschnig, Former McKinsey Senior Consultant To get into consulting at McKinsey, BCG, or Bain, you have to clear four gates in order: a screened resume and cover letter, online assessments like the McKinsey Solve game, and the case and fit interviews (usually two rounds). Fewer than 1% of applicants…
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the image is the cover for an article on consulting vs. investment banking

Consulting vs Banking: Which Career Path Is Best?

The biggest competitors for McKinsey, BCG, and Bain when it comes to hiring are not tier-2 consulting firms but top-tier investment banks such as Goldman Sachs, JP Morgan, and Morgan Stanley (besides big tech companies). Many applicants I work with consider going into top-tier consulting or investment banking. In this article, I want to break…
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