Consultants in top firms usually have to travel a lot to meet with clients worldwide. But are they allowed to fly business class to do this? After researching this amongst a few colleagues, I’ve come to know that most consultants fly business class if certain factors align with their company’s travel policy. These conditions include: …
Most of the big consultancy firms work with global brands. So does this mean that consultants travel internationally? Yes, consultants do travel internationally quite often as part of their job. This introduces them to new cultures, time zones, and business practices. Most companies usually reimburse consultants for travel expenses, but sometimes, this burden falls on …
Consultants are essentially problem solvers. They are spending each and every day first looking for problems, then evaluating them, coming up with a plan to counter them, and finally helping to execute that plan. But what sorts of problems do they solve? 7 examples of problems that consultants regularly solve are: Below, I will discuss …
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 for the following 5 reasons: In this post, I’ll look at the five most common reasons why consultants travel a lot. I’ll also look at how …
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 …