| Topic Name: |
HBS Chances at Top Firms |
| Message Name: |
depends: Good Estimate |
| Date Posted: |
03/05/2001 |
| In Reply To: |
on 2 things: recruiting targets of firms and % of the class interested. the lower the recruiting targets, the lower the number of offers; the higher the number of total students interested, the lower the % of those interested getting offers.
i don't know what you consider top MBA programs or top strat firms, but if you assume ~2000 students at H/W/S of which ~300 have historically gone to M/B/B (i averaged records over the past several years). Considering the people who turn them down, maybe the total is at most as high as 350 get offers. to answer your question, however, we need to know how many people on average are interested in consulting. again, if you look at the ~2000 students, ~600 end up going into consulting and maybe 750 get offers in consulting. Netting out the people who did not apply to M/B/B (assume ~100 of those 750) and the people who did not get offers anywhere (assume ~50 on top of the 750), and we get 700 graduates of H/S/W on average apply to M/B/B where 350 get offers (~50%).
This numbers is highly dependent on class preferences and the job market. Currently, many students are interested in consulting and consulting firms are hiring fewer of them (i.e., the % goes down significantly).
Furthermore....THIS IS A BIG ONE....many of the people who go to M/B/B out of H/W/S worked there before b-school and are simply returning to their previous employer (who also sponsored their b-school experience). With this in mind, we need to know how many of the 300 above were former BA's of their firm. I could not think of a reasonable way to estimate this, but as a pure guess, 75 of those 350 are former BA's.
Taking those 75 out of the mix, the answer to you question is ~40% on average. |
| Message: |
That is a pretty good estimate and broken down in true consulting.
Just two more notes.
First, The numbers are different for summer internships and permanent hire offers. You can expect that the firms will make 1.5-2 times as many offers for permanent positions as they will for summer jobs.
Second, using the numbers from the last two years will throw your calculations out of wack for two reasons. One, the firms made more offers during the last two years to backfill consultants fleeing to dot coms (For example Harvard and Wharton both received between 80-100 McKinsey fulltime offers. I will not reveal how I know that or which school I attend because I do not want to start some dicussion of who is better). The recent summer hire season and the upcoming fall permanent hire season have been and will be more indicative of hiring practices of the three firms.
That said, and having just lived through the summer recruiting process here and having offers from those firms, I would drop that number to 25%-35%.
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