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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. ....
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. A summer internship at Bain is a great way to land a full-time offer at the consulting firm. Bain extended full-time offers to more than 450 MBA and undergrad students during the pandemic. Avik Banerjee, a former intern at Bain, shares how you can make the most out of the internship. Landing a summer internship at Bain & Co. can be your ticket to securing a full-time job. In 2020, Bain welcomed more than 450 MBA and undergraduate students for a 10-week internship program. Much like other top-tier consultancies, Bain had to make its internship program virtual during the pandemic. ....