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Employees at major consulting firms such as Deloitte and PwC are burning out.
Many have left their six-figure jobs because of mounting pressures to work 90-plus hours a week.
Insider spoke with six current and former consultants who shared what work life is like right now.
Management consultants are burning out, and some are quitting their six-figure jobs because of it.
The pandemic has forced consultants to adjust to a new lifestyle, one that involves no traveling, no face-to-face interactions at client sites, and an unspoken standard of clocking up to 100 hours each week. In response to employees symptoms of burnout, such as feeling depleted or being physically or emotionally drained, major consultancies are trying to build a more sustainable work model.
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Recruitment for Wall Street s summer internships is beginning earlier.
As a result, diverse candidates might be excluded from landing offers.
Citigroup s Early ID program engages with diverse candidates through a 5-week program.
In the fall of his sophomore year at Lehigh University, William Pemberton, a finance major, started looking for internships.
He wanted to land an internship in the summer of 2019, prior to his senior year, so he started looking more than a year out, in the fall of 2017. Like other students, he knew that successfully finding a job in financial services meant he needed to be proactive.
During his research, Pemberton came across Citigroup s Early ID, a five-week virtual recruiting program that helps diverse candidates gain access to educational resources on financial services, and get their foot in the door with the global bank.