Why do most MBA grads look for jobs with The Big Three consulting firms?

  1. The Indian School of Business (ISB) which was placed the highest among the Indian B-Schools in The Financial Times Global MBA rankings 2021 witnessed the participation of major global consulting firms including McKinsey & Company, KPMG, Deloitte which accounted for over 22% of the total job offers.
  2. XLRI Jamshedpur which has been among the top 10 management institutes in India in the NIRF ranking attracted maximum job offers from the consulting domain, i.e. 26% of the total offers made.
  3. IIM Bangalore which stood at the 35th position globally in The Financial Times Global MBA rankings 2021 had a maximum of 147 job offers rolled out by the consulting firms.

How to get an internship and offer at one of The Big Three companies?

  1. In the management consulting industry the conversion rate of internships into full-time positions is about 38%. So candidates should try to grab an internship offer at these firms as they will get experience regarding the work culture of the company and subsequently the chances of getting a PPO (Pre-Placement Offer) will be high.
  2. The resume plays a very important role in getting shortlisted for further rounds of the selection process at these companies. Candidates should always restrict their resume to 1 page and highlight the keywords in it. The resume should reflect the academics, extracurricular activities participation, initiatives taken, leadership positions held, and achievements of the candidate.
  3. Networking is the secret potion if a candidate is trying to switch from another company to any of The Big Three consulting firms or are not from a tier I B-School of the country as the network inside the MBB firm will push their application for them.
  4. Another aspect to look at is the Interview rounds. In the case study section, candidates will have to analyze a real business problem and develop and discuss solutions to the challenge it poses. Logical questions may also be asked to the candidates. The experience portion of the interview is a more familiar format where interviewers try to get a better idea of the candidate’s background and personal experience.

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