Here's the announcement about a special offer - learn more here. Consulting is intense. You will work long hours, travel a lot and be under stress. When they hire you, consulting firms want to make sure you have thought about what you are getting into. So, let's start off with a brief overview to quickly answer the question "why consulting?
Consulting provides exceptional opportunities to work with executives, progress quickly in your career, collaborate with talented people, and to travel to new places. In addition to these reasons which you could tell a recruiter , there are a few you wouldn't want to mention during an interview. In this article we'll dig deeper into the reasons you should go into consulting, and we'll make a clear distinction between the ones you can talk about with your interviewer number 1 to 4 below , and the ones you should keep to yourself number 5 to 8 below.
This is an important part of case interview preparation , so as you go through the list, think carefully about which reasons you will want to use during your interview. As a consultant, you will work directly for CEOs and their executive teams very early in your career. This will enable you to start developing a lot of the soft skills you will need to become a senior executive later on e.
This is really a special opportunity. Your peers working in the industry will not get this chance in the first few years of their career. One of the perks of working with senior executives is that they focus on the toughest problems their company faces. This means the work you do as a consultant can have a lot of impact on a company.
Here is what the CEO of Morningstar has to say about working with consultants. If you know anyone in consulting, get them to tell you about some of the projects they worked on and the positive impact they had.
If you find the project interesting you can then use it as a reason to discuss with your interviewer. For instance, my friend Maria who works at your company told me she worked directly with the exec team of a large Ecommerce company to help them design their market entry strategy for Latin America. Try to find a few you are genuinely interested in and mention them to your interviewer when he asks why you want to be a consultant.
Here are three we thought were quite good. You will learn a lot very quickly as a consultant - almost by necessity.
And initially you will have to learn a new industry and a new topic from scratch. For instance, you could go from helping an airline grow revenues in your current project to helping a grocery chain cut its supply chain costs in your next project.
Two very different industries and topics. The beginning of most projects will be very intense as you try to catch up with your client on the situation they are facing to be able to actually help them. The variety of projects and their intensity will feel uncomfortable.
But it also means your rate of learning will be much higher than if you worked in the industry. As a consultant, you will be given responsibilities much more quickly than your industry peers. If you have proven you are ready to manage a project in your last case, you will be given a manager role on your next case.
In other jobs, you usually have to wait for a manager role to free up to be promoted. The speed at which you will progress in consulting is virtually only limited by your own abilities. The feedback cycle is extremely quick too. You will get feedback on a regular basis during your projects and you will also get a full review at the end of each case outlining the next things you should be working on. Consulting firms have got some of the strongest career review processes in the world. Unfortunately, this system is broken at a lot companies outside of consulting.
Finally, consulting firms invest a LOT in training their staff. Some people say McKinsey and others are in the business of renting brains. Deep-dive into the secrets of case interviews at top consulting firms, with extensive materials on business intuition, tips and techniques, as well as consulting math! Everything you need to know about case interviews, from fundamental concepts to advanced tips This guide will teach you to use the 10 most common case interview frameworks effectively, and debunk the 4 most Start your consulting prep process with 35 case interview examples, 16 casebooks and a feedback-rich video from the most trusted Lost your password?
Consulting Interview Questions — Overview. What are consulting interviews? What interviewers look for in consulting interviews You must understand what interviewers look for to craft the best answers for each question. People unwilling to work that hard are never kicked out of the industry, because they never get in!
Technical skills: these skills are required for specialist positions, such as at McKinsey Digital. Part 1: Ice-Breaker Questions. This is how you answer it:. You will see this question in 3 out of 4 consulting interviews. Then how do you structure your reasons? A simple trick is to number them. Like this:. What do you do in your free time? How many tennis balls can you stuff inside an airplane? Before I can answer it, I would clarify three points to make sure that we are on the same page: 1.
The average tennis ball is about cm3 or 0. How much Earl Grey is drunk in Britain each year? Thank you for this very interesting question. British people consist of inhabitants of the UK. The consumption is measured in cups. Do you agree with me on these assumptions? How much is MConsultingPrep worth? There are three ways to estimate the value of a business: The NPV Method : take the net cash flow generated by the business, and discount it to the present to account for time value of money.
The Net Assets Method: take the total assets of the business and minus its liabilities. The Market Method: take one index of the firm which can be stocks or anything depending on the industry and multiply it with an industry multiple the value of one unit of the said index.
Now to answer the given question:. What do you see from the following chart? What will a customer consider when buying a high-performance laptop?
How many units more does the client have to sell to break even? What solutions do you suggest our client to recover the lost revenue? How do you present your solution to the client CEO in 30 seconds? How do you put a giraffe inside a fridge? Read more: Brain Teasers Open the fridge, put the giraffe in, close the fridge.
Something like this:. Learn the Secrets to Case Interview! Case Interview End-to-End Secrets Program Deep-dive into the secrets of case interviews at top consulting firms, with extensive materials on business intuition, tips and techniques, as well as consulting math!
Unique — more comprehensive, more detailed, and more intuitive than ANY other products on the market Instant access — available automatically after purchase ZERO risk — day money back guarantee learn more. Related Articles. Case Interview — The Online Guidebook Everything you need to know about case interviews, from fundamental concepts to advanced tips Case Interview Frameworks This guide will teach you to use the 10 most common case interview frameworks effectively, and debunk the 4 most Case Interview Examples Start your consulting prep process with 35 case interview examples, 16 casebooks and a feedback-rich video from the most trusted Social Share.
What Does a Consultant Do? To conclude, before using this framework to craft your own answer, check the full sample answer below to see how a good answer looks like. One last comment before sharing a sample answer: when you develop your answer, I would recommend limiting your answer to 2 minutes max and 1.
I thought a lot about what could be the best career path after my MBA. And today, I am convinced that Consulting is the best career choice for me. First, because I enjoy all aspects of the job. Secondly, because I believe that I have the right skill set to become a successful Consultant. To begin with, let me tell you why I am going to enjoy being a Consultant.
I think that the main reason is the impact I will have. Per my readings on your website, I understand the types of projects you do and how these projects can make a difference for your clients. For instance, I read that you did a project for a leading chemical company and how sales increased after you redefined its pricing strategy.
This is exactly the kind of work I want to do. In Consulting, I know that I will have the opportunity to work on the most pressing issues for my clients, this is super exciting.
The second main reason is probably the variety of projects. Not only do I hate routine, but also, I am very curious and love learning new things. Thus, I find working on new projects every three months and understanding how businesses work or can be improved very stimulating. Lastly, because of the people working in Consulting. Now, let me tell you why I believe that I have the skills to become a successful Consultant.
First, as an Engineer by training, problem-solving is part of my DNA. I love moving step-by-step from the problem to an actionable solution. I listed all the potential causes for that decline and gathered the data to determine which cause was actually impacting our productivity.
From there, I worked with the different Engineering teams to build a plan to improve our productivity back to normal. Secondly, I think I can also bring my leadership skills. As a plant Engineer, I managed a team of 2 other Engineers.
As a team, we had to solve many production problems under tight deadlines, sometimes on the same day! I always managed to solve these problems on time by nurturing a result-driven culture among my team members. To conclude, I am convinced Consulting is a perfect match with my past experiences, skills, and career aspirations.
And now I look forward to delivering strong results to your clients. You can have a well-articulated answer saying why you want to pursue a career in Consulting, but if your voice and body language say something different, then your interviewer will likely not be convinced. Actually, many studies show that, in communication, body language and voice are more important than the words you are saying!
So, how to show your motivation with your body language and your voice? First, you must know by heart your answer. So that during the interviews you will not have to think about the content, but only about your body language and your voice. To do so, I recommend you to repeat 5 or 6 times your answer out loud before your actual interviews.
Next, use the following 3 tips to alter your body language and give off a more confident impression:. Which reasons are you going to say during your job interviews? Either way, let me know by leaving a quick comment below. Your email address will not be published. This is very simple: click on the button below to get instant access to this FREE course. Only spots are available.
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