"Where did all the
consulting jobs go?" -- it's a headline I've had filed away to use
whenever the current banking turmoil started to spill over into the
consulting sector.
Yet
after 2 days spent with 500-odd consulting recruiters, I have to
conclude that the consulting sector hasn't yet been that badly impacted.
With the exception of a few isolated hiring freezes and
practice-specific redundancy programmes, there's been no bloodbath for
the consulting industry thusfar. Indeed, within a couple of hours of the
doors opening at our Consultancy Careeers Fair, word spread that one of
the firms had already made an on-the-spot offer to a candidate visiting
their stand. Towards the end of the event, a tour of the exhibitors
confirmed each firm had earmarked dozens of candidates who were a
perfect fit for roles they were currently looking to fill. So it's
hardly all gloom and doom in the consulting market and readers would do
well to remember that we've never experienced an absolute recession in
consulting - only ever periods of below-average growth!
Clearly
no sector is going to escape unscathed from the current economic
turmoil - but it seems at least that the consulting industry has learnt
its lesson from the dot-com crash and the over-expansion that
necessitated mass-redundancies back then has not been allowed to occur
this time round. And for now at least, new consulting jobs are still in
relatively good supply...
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