It’s true that most management consultants spend a lot of time out of the office, in their client’s locations. It’s a continual part of the job. Management consultants travel to meet with clients, gather information, and engage in on-site analysis. They get to understand the businesses they are assessing and helping by seeing them operate …
Your CV is likely to be the most important component of your consulting application. Former McKinsey consultant and creator of the YouTube channel Firm Learning, in this article, Heinrich Rusche shares his best tips and strategies to help you create a CV that meets the highest standards of the leading consulting firms. Overarching format Independent …
Networking. A chore? Flattery? Enjoyable? Most people identify networking to be similar to the first two, and many will certainly not find it enjoyable. It is, therefore, unfortunate that networking is such a crucial skill to develop and use in one’s professional life. If it can be learned to view networking in a different, positive, …
Consultants are famous for their magical abilities with PowerPoint. You won’t find a consultant who has worked at the Big 4 or MBB who is not adept at making slides and presenting with Microsoft’s software. But why are their slides so good? The obvious reason is that consultants’ PowerPoints have to be. Consultants earn their …
Market sizing questions are the test of a consultant’s mettle. They are classic interview questions. In the case study interview, the interviewer is bound to ask you to make an estimate of a market size. Don’t be intimidated by market sizing. The numbers are big, but the logic can be simple! Market sizing questions literally …
An ‘S curve’ refers to the distinctive S-shape of certain line graphs. According to the way consultants use it, an ‘S curve’ refers to a graph that plots the number of people who have bought or adopted an innovation. It usually refers to a new product or service for which no closely competing alternatives exist …
The consulting interview process has two separate portions. The case interview and the fit interview, which is also called a PersonalExperience Interview (PEI) at McKinsey. These are designed to assess different skill-sets. While the case interview examines your analytical and numerical skills, fit interviews determine whether you have the soft skills for management consulting and …
The “Pyramid Principle” is a McKinsey problem-structuring tool. Barbara Minto first popularised it in her book and it has since come into common usage by consultants around the world. It is used for communicating in a fast, direct and efficient manner. Believe it or not, Barbara Minto also invented MECE! “By deliberately forcing yourself to …
MECE is every consultant’s favourite principle. It is the chief characteristic of every slide, conversation and thought for a consultant. MECE means mutually exclusive and collectively exhaustive. It is designed to limit the number of uncoordinated project parts, make sure everything is covered and ensure that nothing is covered twice. Barbara Minto originally coined the …
