Management Consulting Student Recruitment Report 2005

• Characteristics of the management consulting job seeker
• Resources and recruiting preferences
• Compensation expectations and how they are changing
• Rankings of top management consulting companies, best campus recruiters, best websites, and best with diversity students
• Candidate perceptions of management consulting companies
• Detailed offer data for more than 20 companies
• Mini-profiles of 25 leading employers

1. Undergrads consider many other industries, especially investment banking, while MBAs are fairly focused on consulting
2. They are more likely to complete summer internships and receive full-time offers, but only accept them at the same rate as all others
3. Average starting base salaries are among the highest of all industries

1. McKinsey & Co.
2. The Boston Consulting Group
3. Bain & Co.
4. Booz Allen Hamilton
5. Deloitte Consulting

TABLE OF CONTENTS

TABLE OF TABLES

Introduction

Background and Objectives

Methodology

About WetFeet

Other WetFeet Research

Executive Summary

Management Consulting Job Seeker Profile

Attracting the Management Consulting Job Seeker

Job Offers and Compensation

Company Rankings

Management Consulting Job Seeker Profile

Demographic Profile

Attitudes and Interests

Attracting the Management Consulting Job Seeker

Job Search Confidence and Market Expectations

Influential Job Search Resources

Preferred Methods of Contact

Internships

Job Offers and Compensation

Applications and Offers

Companies from Which Candidates Accepted Offers

Compensation Expectations

Offers Received

Company Rankings

Top Companies Would Like to Work For

Top Management Consulting Companies

Best On-Campus Recruiting

Best Website

Company Profiles

Employer Focus: Accenture

Employer Focus: Advisory Board Co

Employer Focus: A.T. Kearney

Employer Focus: Bain & Company

Employer Focus: BearingPoint

Employer Focus: Booz Allen Hamilton

Employer Focus: The Boston Consulting Group

Employer Focus: Capgemini

Employer Focus: CGI-AMS

Employer Focus: Corporate Executive Board

Employer Focus: Deloitte Consulting

Employer Focus: DiamondCluster

Employer Focus: EDS

Employer Focus: Hewitt Associates

Employer Focus: IBM

Employer Focus: Infosys Consulting

Employer Focus: Kurt Salmon Associates

Employer Focus: L.E.K. Consulting

Employer Focus: Marakon Associates

Employer Focus: McKinsey & Company

Employer Focus: Mercer Management Consulting

Employer Focus: Monitor Group

Employer Focus: PRTM

Employer Focus: Towers Perrin

Employer Focus: ZS Associates

Appendix

Companies Included in Survey

TABLE OF TABLES

Table 1: Survey Respondents by Student Type

Table 2: Survey Respondents - Undergraduate Demographics

Table 3: Survey Respondents - MBA Demographics

Table 4: Key Statistics: Expected Compensation

Table 5: Key Statistics: Interviewing Process

Table 6: Demographics of Management Consulting Students (Undergrad)

Table 7: Demographics of Management Consulting Students (MBA)

Table 8: Industries Applied To (Management Consulting Undergrad)

Table 9: Industries Applied To (Management Consulting MBA)

Table 10: Functional Areas Applied To (Management Consulting Undergrad)

Table 11: Functional Areas Applied To (Management Consulting MBA)

Table 12: Job Search Attitudes

Table 13: Job Search Attitudes (MBA)

Figure 1: Opportunities Found Through On-Campus Recruiting (Undergrad)

Figure 2: Opportunities Found Through On-Campus Recruiting (MBA)

Table 14: Job Search Resources (Undergrad)

Table 15: Job Search Resources (MBA)

Table 16: Preferred Means of Contacting Potential Employer (Undergrad)

Table 17: Preferred Means of Contacting Potential Employer by Gender (Undergrad)

Table 18: Preferred Means of Contacting Potential Employer (MBA)

Table 19: Internships (Undergrad)

Figure 3: Top Reasons for Not Accepting Full-Time Offer (Undergrad)

Table 20: Internships (MBA)

Figure 4: Top Reasons for Not Accepting Full-Time Offer (MBA)

Table 21: Interviewing Process (Undergrad)

Figure 5: Number of Companies Send Resume/Apply To (Undergrad)

Figure 6: Number of Companies Interviewed With (Undergrad)

Table 22: Number of Offers Received (Undergrad)

Figure 7: Number of Offers Received by Management Consulting Candidates: Gender an Diversity (All Management Consulting Undergrads)

Table 23: Interviewing Process (MBA Full-time)

Figure 8: Number of Companies Send Resume/Apply To (MBA Full-time)

Figure 9: Number of Companies Interviewed With (MBA Full-time)

Table 24: Number of Offers Received (MBA)

Figure 10: Number of Offers Received by Management Consulting Candidates: Gender and Diversity (All Management Consulting MBAs)

Table 25: Companies from Which Candidates Accepted Offers (UG and MBA)

Table 26: Compensation Expectations - Undergrads by Gender (All and Management Consulting)

Table 27: Compensation Expectations by Diversity (Management Consulting Undergrads)

Table 28: Compensation Expectations - MBAs by Gender (All and Management Consulting)

Table 29: Compensation Expectations by Diversity (Management Consulting MBAs)

Table 30: Average Offers Received for Management Consulting and Other Industries

Table 31: Offers Received By Company: Undergrad (Full-time)

Table 32: Offers Received By Company: Undergrad (Intern)

Table 33: Offers Received By Company: MBA (Full-time)

Table 34: Offers Received By Company: MBA (Intern)

Table 35: Top Companies Would Like to Work For (Undergrad and MBA)

Figure 11: Top Management Consulting Employers, with Top 3 Distribution

Table 36: Top Choice Management Consulting Employers

Table 37: Top Management Consulting Employers, Ranked by Total Number of Mentions

Table 38: Top Management Consulting Employers, Ranked by Average Preference

Table 39: Factors That Make Top Ranked Company Appealing to Management Consulting Applicants

Figure 12: Relative Importance of Top Factors (Management Consulting Applicants Overall)

Table 40: Factors That Make Top Ranked Company Appealing to Management Consulting Applicants by Gender (Undergrad)

Table 41: Factors That Make Top Ranked Company Appealing to Management Consulting Applicants by Gender (MBA)

Table 42: Best On-Campus Recruiting (Undergrad)

Table 43: Best On-Campus Recruiting Factors (Undergrad)

Table 44: Best On-Campus Recruiting (MBA)

Table 45: Best On-Campus Recruiting Factors (MBA)

Table 46: Best On-Campus Recruiting: Diversity (MBA)

Table 47: Best Employer Website (All Management Consulting Candidates)

Figure 13: List of Reasons for Choosing Site (All Management Consulting Candidates)