Management Consulting is aimed at yielding productive solutions to an organization. It can range from general to specialized consulting services to improve the functioning and achieve organizational goals. Broadly brushed, management consultants are the expert gurus who are hired to either proactively find best practices to improve the performance of an organization, or, reactively resolve … Read more
Overachiever, high-performer, superstar – these are labels that Aishwary Dale has been hearing for a long time, from friends, classmates and relatives. And for good reason. Best engineering college in the country Best business school in the world Best consulting firm in the world Aish has got all of them on his resume. But our … Read more
A one-size-fits-all approach doesn’t work in a lot of places. But it particularly doesn’t work when it comes to a management consulting resumes at McKinsey or Deloitte. Of course, a non-consulting resume, or even a resume that is a general catch-all for all consulting firms, just won’t do with the biggies of management consulting. … Read more
Management consultants working for the top consulting firms help solve the business problems of their clients, such as CEOs, CFOs, divisional heads, and other leaders of large corporates (Fortune 1000, Fortune Global 500, etc.), private equity companies, and governments and non-profits. ‘Perks’ of the job Salary of $100K+ for undergrad hires and $200K+ … Read more
Too lazy to read? Watch the video instead. McKinsey vs BCG vs Bain McKinsey, BCG, and Bain (MBB) are very different companies. But they have similarities, too. All three are equally prestigious management and strategy consulting companies with global standards and integrated approaches to solving their clients’ issues.
What are market-sizing questions? They are what management consultants can expect at first meetings with their clients. As one, you can bet these questions will be thrown at you at brainstorming sessions with them, and a question such as “What’s the US market for mattresses?” or “What’s the market for 60-inch LED TVs in London?” … Read more
If you thought that interviewers at management consulting and investment banking (IB) interviews use brainteasers to put candidates at ease and bring in some light-hearted moments, you will be scratching your head after reading this: these mindbenders have a larger purpose. Although brainteasers may not be such a key part of interviews as technical and … Read more
Many management consultants hardly complete two or three years in their jobs before they realize that there’s more to life than consulting. Consultancies have an “up or out” culture, meaning that many of those who feel they can’t make it to partner level, change jobs. Little wonder then that consultancies have a turnover rate of … Read more
One in one hundred. That’s how many applicants for consultant’s position get the final green signal to join big firms. One of their secrets to success: the quality of their cover letters and resume (Management consulting resume tips for McKinsey, Deloitte, BCG, Bain). Here, let’s take a closer look at the major ingredients of an … Read more
‘Consulting’, especially management consulting continues to be a dream job to many! Though it is considered very demanding, the glamour, prestige and perks associated with the profession make it one of the most sought-after career option.
Consultants are often put down by other business professionals, who taunt them with, “You steal your client’s watch and tell them the time,” implying that consultants provide their clients with wisdom they already have. But the facts prove there is no substance in the jibe: the existence of over 700,000 consulting firms that make up … Read more
Many MBA students consider management consulting as their next big step after graduation. They are deeply impressed and extremely excited by the high-profile, high-paying careers that most consultants build. They quickly make up their mind when recruiting firms arrive at their top b-schools and make an attractive sales pitch.