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Big four consulting firms plan to offer more jobs to freshers

Hiring from campuses is growing as talent is in short supply, said Deloitte's chief talent officer SV Nathan. However, he said, frenzied hiring will give way to a more temperate intake of fresh talent. Some industry insiders said even as hiring may go up compared to last year, companies will be circumspect about over-hiring freshers as there is a widespread anticipation that the US market may play spoilsport

Source | | Rica Bhattacharyya | Sachin Dave, ET Bureau

Consulting and professional services firms such as McKinsey, BCG, EY, PwC and Deloitte are looking at scaling up their campus hiring in India this year, even as companies keep a close watch on the global macroeconomic headwinds and recession in the United States. EY is planning to hire about 10,000 freshers from engineering and management colleges for its India business as well as global delivery services, according to people aware of the matter, while BCG plans to double its campus intake in 2023 compared to its hiring before the Covid-19 pandemic.

McKinsey too plans to expand its campus hiring footprint to meet the high demand in consulting support. PwC, which is planning to hire 10,000 people in the next five years, said it is on course to achieving its talent acquisition target well before the deadline. “From a business point of view we are seeing strong growth in India and globally. To meet the high demand consultant support post-pandemic, we will hire a record number of freshers this year, from top campuses such as the IITs and IIMs, undergraduate colleges such as St Stephen’s, LSR and SRCC, while expanding to a few other campuses,” said Natarajan Sankar, MD and partner, campus recruiting chair, BCG India.

Aditya Sharma, partner at McKinsey, said, “We continue to broaden our aperture to bring in exceptional talent by expanding our campus and lateral hiring footprint. We closed 2022 on a positive note to recruit our largest class… Our hiring was 70% more than in 2021… For 2023, we will plan to continue to hire in the same trajectory and look for the best talent.”

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