During economic slowdowns, traditional consultancies are faced with two challenges. On one hand, main customer groups have smaller needs; on the other hand, big data and AI technologies significantly affect the industry. An increasing number of outstanding consultants have left their former employers to work in client companies. Additionally, many recent graduates choose to work in the internet and finance industries.
There are still numerous job vacancies for senior managers and directors in strategic consulting, financial consulting and IT consulting. Most job vacancies are with consultancies in Beijing, Shanghai and Shenzhen. Candidates with relevant working experience in corporate and strategy consulting are preferred. For top strategy consulting jobs, MBB and even tier 2 consultancies are requesting higher qualifications, such as education from top universities and strong work experiences.