Is it true that the top tier MC's, particularly MBB have started introducing an age cap off on their recruits from business schools. i.e. MBB don't hire MBA grads over a certain age say 28 or something anymore.
This seems a little bit bizarre as folk start business schools at different points of their career. Someone from a non-traditional background probably has more work ex. under their belt and is hence slightly older.
I'm planning to apply for B schools in fall 2014- would be 27 by the time I start matriculating and would miss out on a chance to work at an MC if this is true. This seems a bit unfair.
I just wanted to gauge everyone else's thoughts on authenticity of this and can something like this actually come into effect in the future?
It's illegal to discriminate on age. However, in practice, I don't think consulting (not just MBB) pulls in many fresh MBA level consultants after mid-30s. It's partly due to the applicant demographics. At mid-30s, people typically do not want the consulting lifestyle. Partly, I don't think the career progression is there for mid-30 hires, so consulting company don't bother. A post-MBA age of 29 should be right in the sweet spot of entry MBA hires.