According to news reports, the big four to ramp up hiring from IITs, IIMs, and other institutes

26 Sep 2022 , 06:41 AM

Even as businesses closely monitor the global financial headwinds and the U.S. recession, consulting and professional services organizations like McKinsey, BCG, EY, PwC, and Deloitte are considering expanding their campus employment in India this year.

According to persons with knowledge of the situation who talked to ET, EY wants to hire 10,000 freshmen from engineering and management colleges for its India business as well as worldwide delivery services, and BCG plans to treble its campus intake in 2023 compared to its hiring prior to the Covid-19 outbreak.

To satisfy the strong demand for consultancy support, McKinsey also intends to increase the size of its campus employment presence. PwC said it is on track to meet its talent acquisition goal well ahead of schedule despite having a five-year hiring goal of 10,000 individuals.

“From a corporate perspective, India and the rest of the world are experiencing significant growth. We will hire a record number of freshmen this year from prestigious campuses like the IITs and IIMs, undergraduate colleges like St Stephen’s, LSR, and SRCC, as well as expanding to a few other campuses, in order to meet the high demand for consultant support following the pandemic “said Natarajan Sankar, MD, and partner, BCG India’s chair of campus recruiting to ET.

According to several industry experts, the reports claimed that even if hiring may increase over the previous year, businesses will be cautious about employing too many new employees because there is a general expectation that the US market may play spoiler.

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