Brussels, Belgium, Nov 28th2011-TheImpact of global economic crisis on consultancy business all over the world.
Impact of the global economic crisis on the consultancy business has been rising as many consultancy firms reported. The hiring rate in consultancy firms has been reduced following the global economic crisis. This had an impact also indirectly on the pass rate for case interviews. Tom Rochtus, consultant and the author of book “Case Interview Success” has revealed the reasons behind such impact on his blog. It appears that the big consultancy firms like McKinsey and Bain are still rely heavily on big clients who has suffered the break down in business. On the other hand there are many small firms that are still doing well as they got mid size clients which remain unaffected by the recession, hence they still managed to get their business rolling in such time. There is a new opinion by few economic scholars that this is the best time for consultants to groom their business. Remarkably the competitors lay down their strategies and holds their projects at the same time a smart consultant can derive a new opportunity for business. As per the scholars” The consultancy business is for long term commitments and rather to hire permanent employees better to hire consultants and get the projects done.”Tom Rochtus as a senior consultant has experienced in handling complex business consulting case and projects. He has highlighted some very vital points in his blog regarding managing consultancy business during the global economic slowdown.
His book “Case interview Success” is a comprehensive book on preparation how to ace that interview? Make sure to prepare your case interviews well, as hiring rates are nonetheless slightly down due to the economic crisis. The book covers the entire interview process in detail while keeping the core focus on cracking business case. The book covers allmost every topic elaborate, which is probable for a consulting interview. The book has various mock interviews to analyze and evaluate your performance.
About Tom Rochtus:
Tom Rochtus is a consultant at the leading management consulting firm ‘Bain & Company’. During his career he has been developing and teaching winning frameworks and methodologies to crack business cases to graduates, enabling them to land a job at their desired consulting firm. Tom Rochtus was born in Belgium. After completing degree in management from university of Leuven and master’s degree in technology from Louvain school of management, he went abroad for further education. He received a degree in international business from university of Edinburgh. After taking his degree, Tom established his own I.T Company and soon recognized as a most young and dynamic entrepreneur. He has completed his internship in Proctor and Gamble as a strategy planner. Recently, Tom has successfully published a book on case interview success.
Management consultant at Bain & Company
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