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&lt;p&gt;Once upon a time, there was a well-worn path into the upper echelons of the consulting industry—college, then a first (and sometimes a second) job to gain experience, followed by business school, where the titans of the industry would come calling and your career could truly achieve liftoff.&lt;/p&gt;&lt;p&gt;Over the past decade—and perhaps longer—that path has been changing. Consulting firms, who once only had to convince freshly-minted MBAs that a career jetting around the world tackling tough problems was preferable to whatever it is that investment bankers do, now face talent supply headwinds wherever they look. You name it—from 4% unemployment to competition from Silicon Valley to tighter restrictions on employment visas—all of these things are making it harder for firms to pull the talent they need out of B-school.&lt;/p&gt;&lt;p&gt;If you know anything about the industry, you&#39;ll know what happened next: firms have been hiring out of undergrad programs instead.&lt;/p&gt;&lt;p&gt;For a stark reminder of how that has changed the market, consider this: according to &lt;a href=&quot;https://news.efinancialcareers.com/us-en/312598/bain-job-acceptance-to-harvard-business-school&quot; target=&quot;_blank&quot;&gt;efinancialcareers&lt;/a&gt;, approximately 15% of the graduating class of 2018 at Harvard Business School had a background in consulting. That&#39;s right: where once Harvard was the prep school for consulting firms, a stint as a consultant seems to fast be becoming the a prerequisite for getting into Harvard.&lt;/p&gt;&lt;p&gt;And, as the same article shows, there&#39;s one firm that seems to give you a better chance of getting into HBS than any other: fully 7% of this year&#39;s Harvard Business School intake appear to be &lt;a href=&quot;/company-profiles/management-strategy/bain-company/company-overview.aspx&quot; target=&quot;_blank&quot;&gt;Bain &amp;amp; Co.&lt;/a&gt; alums, including 38 former full-time consultants, and 29 former summer associates.&lt;/p&gt;&lt;p&gt;The method that efinancialcareers used to figure that out is interesting, too: they used Bain&#39;s &lt;a href=&quot;https://careers.bain.com/bainonyourcampus&quot; target=&quot;_blank&quot;&gt;campus networking tool&lt;/a&gt;, which I will admit is something I did not know existed until today. Having played around with it, it&#39;s a very useful way to find recruitment information, fellow Bainies, or contacts who might be able to give you an introduction to someone inside the firm.&lt;/p&gt;&lt;p&gt;Finally, Harvard isn&#39;t the only elite campus where the word &quot;Bain&quot; seems to be opening doors: the article also notes that the business schools at Wharton, Stanford, Chicago Booth, and Northwestern all count former Bain consultants and/or summer associates among their 2018 intakes.&lt;/p&gt;&lt;p&gt;So if you&#39;re planning to go to business school, the advice is clear: start applying now—for a job at Bain.&lt;/p&gt;

Phil Stott

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