As I understand, due to massive budget cuts from the government of KSA, much of the hiring across firms in the Middle East has been frozen. Is this true? If so, when are things going to pick up?
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Are MBB firms and T2 Firms hiring in Dubai/Riyadh at the moment?
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Yes firms are hiring.
But not as voraciously right now - the pace will pick-up in a few months from now.
Selections are happening, interviews are happening, but the results are just a lot more picky than in past years - also because the application to selection ratio is much sharper now.
The reasons for the slowdown are less due to the KSA govt. budget cuts and more due to the dynamics of managing human resources - in my opinion.
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Hi there,
Yes, I have candidates for McKinsey Dubai and Riuadh in the pipeline at the moment. They are hiring yet the process is a bit slower than usual.
BCG and Bain hiring is happening yet also at a much slower pace. For Tier-2, I am not fully certain but I believe a small number of applicants is still being interviewed based on specific profiles.
Demand for Middle East offices is currently higher than the supply of jobs.
All the best,
Florian
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Recruiting is still active. Slow, but active. To be honest, to have a complete stop within MBB would be quite dramatic - there's a minimum number of entry-level consultants they need to hire - otherwise in 2-5 years they won't have enough trained consultants to deliver projects.
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