Market collapse? ... or business as usual?
There seem to be really mixed messages out there at present - lots of firms seem to be thriving and recruiting really aggressively. But then can consulting really be escaping any fall-out from the credit crunch and the barrage of doomsday headlines we've been seeing?
So I thought I'd turn to you our readers for the definitive view. Let me know your thoughts on the following 3 questions and the results of the poll will appear on screen when you hit submit. Hopefully we can get a couple of hundred responses this month and get a really good picture of what the UK consulting market is doing...
Take part in 1 minute survey
P.S. feel free to post replies to this blog post to share anecdotal evidence as well - either than the market is collapsing or that it's very much business as usual at your firm...
Thanks for participating.
Tony Restell, Top-Consultant.com
So I thought I'd turn to you our readers for the definitive view. Let me know your thoughts on the following 3 questions and the results of the poll will appear on screen when you hit submit. Hopefully we can get a couple of hundred responses this month and get a really good picture of what the UK consulting market is doing...
Take part in 1 minute survey
P.S. feel free to post replies to this blog post to share anecdotal evidence as well - either than the market is collapsing or that it's very much business as usual at your firm...
Thanks for participating.
Tony Restell, Top-Consultant.com
posted by Tony Restell (Top-Consultant.com) @ 11:27 AM
8 Comments:
At 9:12 PM,
zkiraly said…
I am an applicant in the US, looking for a strategy or organization consulting position. Even with a Stanford Ph.D. (in Aerospace) and an MBA form UCI, I am having a hard time just getting an interview. In fact, so far the only consulting interview I received was through a friend at a leading consulting firm.
Right now is also off-cycle, isn't it? Major firms recruit new graduates during the fall for starting in the following summer or fall.
So I will apply to the few remaining firms I have not applied to, and then wait until August/September and reapply.
At 2:47 AM,
Consulting Magazine said…
Readers may find another survey valuable to some market insights as well. The Consulting magazine Best Firms to Work For is an annual poll of nearly 10,000 consultants. Take it here:
www.consultingmag.com/bestfirmssurvey
We'd love to hear the Management Consultants' Blog editors weigh in with their thoughts on the survey as well.
At 9:57 AM,
Anonymous said…
From the experience of most of us who were in this sector, and weathered the storms of the previous two recessions, the current scenario has all the same characteristics. This inevitably indicates that tough times lie ahead.
The cycle always tends to be that firms cease buying consultancy, and lay off senior staff to cut costs. Then once things eventually pick-up again firms find they are depleted of management resource and expertise due to the previous senior redundancies, so they compensate by buying MC services vigorously.
Our experience is that we are in that initial trend of downturn now, and buying of MC services has definitely turned-down already, and is now further declining. Times are already getting tough!
At 9:08 PM,
zkiraly said…
Yes, I did suspect that this is what's happening, Anonymous.
My plan in 2005 was to graduate from the MBA program before the presidential elections, so I can make the career change before the inevitable downturn. But I was off by a year in my predictions.
There are opportunities out there, and I have heard of top-notch people being hired. And there are job postings too. But it is slow. It's taking forever to hear back on job applications. I am using my network at school, and also on LinkedIn to get something going. I'm keeping my fingers crossed.
At 3:48 AM,
credit card payments by telephone said…
I run a leading national merchant service provider company, other than link above, and we are seeing less consulting applications coming through for a while now. Hope this adds to your research.
At 10:28 PM,
Jill Roy Jolley said…
I run an online consultant marketing service. We have an abundance of searches for terms that are very specific by discipline. Just today "solar consultant" "PR consultant" "book publishing consultant" even "dead cell battery consultant."
This has increased recently so I would guess that many people are not looking for the traditional consulting companies but rather individual consultants with expertise in specific areas - the more specific the better- and ones with their own websites for further information.
Just my experience,
Jill Roy Jolley
www.jillsconsultantlist.com
At 2:09 AM,
www.JobSearchDigest.com said…
The prediction for reductions in investment banking jobs is as high as 200,000 but we are not seeing the same impact in consulting. No doubt budgets tightened up (as they did in the early 90's).
We are, however, seeing the movement overseas as the game becomes more international and the largest firms take advantage of off-shoring to India and the likes.
www.JobSearchDigest.com
At 8:48 PM,
Anonymous said…
Market drop is not for all businesses. Many industries paid now the lack of investment and innovation.
www.lysewired.com
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