The recruitment process for City careers can involve an application stage, psychometric testing, a phone or Skype/video interview and an assessment centre at the firm"s offices. These stages are designed to test your strengths, capabilities and suitability to the role for which you are applying.
- Consulting firms generally ask for a CV and cover letter, although some set online application questions for you to fill out.
- A majority of firms set online psychometric tests (typically numerical reasoning tests, problem solving exercises and online cases).
- If you pass the tests, you are then usually required to undertake a phone and/or video interview at this stage.
- If successful, you will be invited to the firm"s office to undertake your first round of interviews (usually 2-3 interviews with consultants that have had a few years of industry experience) and a group exercise.
- You may then be invited back to undertake a final round of interviews with more senior consultants.
- If successful, you will either be offered a job outright or (depending on what you have applied for) an internship. Your performance during Internships is usually assessed throughout by various different methods, including additional (or final) interviews, department/supervisor appraisals and group presentations.
- If you have successfully completed an internship, at this stage you may be offered a job.
- Note that not all firms have the same recruitment process.
- Depending on your role, you may have to take a number of external qualifications once you start work, including exams set by the Financial Conduct Authority.
- When you start at the firm, you will take the title of Analyst for 2 years
- You will then become a Senior Analyst for 2 years
- At this stage, some people decide to take an MBA, whilst others continue on as Consultants.
- After this stage, you can progress from Engagement Manager, to Principal to Partner depending on your performance and commitment.