With the banking industry in crisis, many job-seeking MBAs - especially those who once dreamed of lucrative careers in investment banking - are rushing to broaden their options by applying to consulting firms. And while it means more competition for jobs in that sector, for the firms doing the hiring, it means a more robust crop of candidates to choose from.
Turnout at campus presentations this fall by consulting firms is up from last year, recruiters say. "We've seen attendance double at some campus venues, even people sitting on the floor," said Kermit King, a senior partner who heads recruiting in the Americas for Boston Consulting Group. "We think this reflects both the relative attractiveness of consulting as an industry and the relative strength of BCG within the industry in these tough times."...
...Consulting firms have historically shared talent with investment banks because the two fields demand many of the same personal attributes: analytical skills, quantitative ability, and a strong personality. However, some key differences exist between prototypical bankers and consultants...
Alysa Teichman writes over at BusinessWeek.
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