L.E.K. Consulting plans to increase its hiring of MBAs in 2017, snapping up up-to 50 US b-school grads.
That’s up by 15% on last year, according to Chief Talent Officer Lauren Reddy.
In an interview with BusinessBecause, she said: “Our business has gone very, very well. We have experienced growth in all sectors and all five offices across the US. We continue to grow our staff across the board.”
L.E.K., which employs 1,200 across the Americas, Asia-Pacific and Europe, is looking for MBAs with strong problem-solving, teamwork, leadership and management skills.
Lauren said: “We are open to people from all schools and all backgrounds, including those from schools outside of the US.”
The comments come as a slew of business schools report that consulting firms including Bain & Company and The Boston Consulting Group are hiring more of their MBAs.
At Dartmouth College’s Tuck School of Business, consulting firms hired 36% of the Class of 2016, up from 34% a year before. The so-called “big three” firms — BCG, Bain and McKinsey & Company — hired 20% of the class.
At Harvard Business School, consulting firms snapped up 25% of the MBA cohort in 2016, up from 24% in 2015, 23% in 2014, and 22% in 2013.
“There has been an increase in interest from the firms. They all say their biggest concern is a lack of staff,” said Stephen Pidgeon, associate director of career development at Tuck.
It’s not only consulting firm demand that is pushing up MBA recruitment numbers.
Since the financial crisis, MBAs have been increasingly migrating away from investment banking to management consulting and tech, although advisory has long been a popular MBA career choice.
At Michigan’s Ross School of Business, consulting and tech firms increased their share of MBA hiring to reach more than 50% of the Class of 2016. Those going into financial services fell from 15% to 13.6% year-over-year.
Damian Zikakis, director of career services at Ross, put the increase in consulting firm recruitment of MBAs down to growth across all practices and areas.
The focus on general management in MBA programs and their use of the case study method make MBA graduates well suited to consulting jobs.
The exposure to different industries, lucrative pay packages, and vast alumni networks make the sector particularly attractive to b-schoolers.