Categories
Interviews

Approaching the Guesstimate Question

IN A RECENT post we learnt 12 tips for nailing the Guesstimate Question, which is a usual type of question that you can expect to be asked when interviewing for a position at a consulting firm. We now consider how to approach the Guesstimate Question. There are at least three ways to answer a guesstimate […]

Categories
Interviews

Online case interview practice questions

THE only way to do well in the consulting case interview is to do lots of practice. Here is the most current list of free online case interview questions: Ace the Case Bain & Company Booz & Co Boston Consulting Group Capital One Job Search Online MBA Case McKinsey MIT Oliver Wyman

Categories
Interviews

12 Tips for Nailing the Guesstimate Question

AS WE found out in the previous post, the guesstimate question is a usual type of question that you can expect to be asked when interviewing for a position at a consulting firm. Here are 12 tips to help you nail the guesstimate question: Practice: We live in a world where most of us use a […]

Categories
Interviews

The Guesstimate Question

THE guesstimate question is a usual type of question that you can expect to be asked when interviewing for a position at a consulting firm. What will you be asked to do A typical guesstimate question will require you to estimate a number by doing a rough “back of the beer coaster” calculation. You are […]

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Skills, Tips, and Tactics

The Rule of 70

WORLD GDP is growing at 4% per year, how long will it take for world GDP to double? Your company’s revenue is growing at 10% per month, how long will it take for your company’s revenue to double? There is a simple rule of thumb that you can use to figure out roughly how long […]

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Skills, Tips, and Tactics

12 Tips for Creating an Effective Pitch

An elevator pitch needs to be clear, concise, provide a solution and generate interest in order to just get the conversation started AS WE discovered in the previous post, an elevator pitch is a high-level overview of whatever it is that you are selling and is designed to just get the conversation started (Elevator Pitch […]

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Skills, Tips, and Tactics

The Elevator Pitch

An elevator pitch is a high-level overview of whatever it is that you are selling and is designed to just get the conversation started.

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Career Advice

Creating a winning résumé

A résumé is a sales document which presents a factual account of your skills, knowledge and experience in the best possible light to help you win an interview 1. The importance of a résumé A résumé is a factual presentation of your skills, knowledge, experience and proven abilities and an indication of your potential.  The […]

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Skills, Tips, and Tactics

Consulting stereotypes – what can we learn?

Consultants can help an organisation by supporting organisational change, accelerating information gathering and ensuring rigorous analysis FOLLOWING on from the previous post which considered whether consultants are just highly paid scapegoats, let’s consider a common consulting stereotype which sheds some light on where consultants add value. Consultants are people who borrow your watch, tell you what time it is, and then walk off with the watch. Attributed to Robert Townsend, this well known […]

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Skills, Tips, and Tactics

Consultants – highly paid scapegoats?

Consultants charge huge sums for superficial but well “powerpointed” presentations in return for the company executives’ right to take full credit for any successful outcomes MANAGEMENT consultants are often loudly criticised. Why is this so? A large part of the reason is that consultants are paid a lot of money to provide recommendations which may […]

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Skills, Tips, and Tactics

What skills do you need to be a consultant?

FORMER McKinsey consultant Victor Cheng provides us with an interesting insight. The skills that get you hired as a consultant are not the same skills that get you promoted, and the skills that get you promoted are not the same skills that take you to the top. You get hired for your analytical skills, you […]

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Consulting Industry

Management consulting – where did it begin?

EXECUTIVES often rely on the advice of expert management consultants. Was it always this way? Where did it all begin? The very first management consulting firm was Arthur D. Little, founded all the way back in 1886 by a professor at MIT whose name was (funnily enough) Arthur D. Little. Almost 30 years later, Booz […]

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Interviews

Top 5 Tips to Nailing the Management Consulting Interview

In order to maximize your chances during the interviewing process, it’s important to prepare carefully. This article provides 5 tips to help you ace the interview.

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B-School / Consulting Clubs

CFA Exam – What is it? Why do it? How to prepare

IT would be easy to forget that there are many fine people out there who have never heard of this “CFA Program”. What is the CFA Program? The CFA Institute describes the CFA Program as a graduate-level course for investment professionals. The course covers an extremely broad range of topics including: ethics, quantitative methods (read: […]

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Marketing Skills, Tips, and Tactics

Appealing images use the golden ratio

1. The golden ratio THE golden ratio is believed to have aesthetically pleasing properties. The golden ratio is a naturally occurring number that has been the subject of interest since ancient Greek times, and has been used in architecture, art, books and music since at least the time of the Renaissance. For example, artists have […]

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Career Advice

Cover letters win interviews

1. The importance of a cover letter A COVER letter is a short one page sales letter that accompanies your resume as part of your job application. The cover letter is important because it creates a first impression of you with your potential employer. The main purpose of a cover letter is to obtain an […]

Categories
Consulting Industry

List of consulting firms in India

PREVIOUSLY I created a list of certain consulting firms in Australia and America. I have decided to do the same thing for India. This list provides quick access to a list of the top consulting firms in India and provides a short description of each. I hope you find it useful. The list of consulting […]

Categories
Consulting Industry

Strategy and general business consulting firms in India 2008

THIS list of strategy and general business consulting firms forms part of the full list of consulting firms in India: McKinsey & Company Boston Consulting Group Bain Consulting India Pvt Ltd AT Kearney Accenture Tata Strategic Management Group A. F. Ferguson & Co. Arshiya International Ltd Deloitte KVP Business Solutions PRTM Management Consultants Madras Consultancy […]

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Consulting Industry

IT consulting firms in India 2008

THE list of IT consulting firms forms part of the full list of consulting firms in India: Diamond Management & Technology Consultants Capgemini Binary Semantics ISHIR Digital ProcessLOGIX Consulting Pvt Ltd RADIX Corbus 1. Diamond Management & Technology Consultants Website: www.diamondconsultants.com Diamond has headquarters in Chicago and offices in Hartford, New York, Washington D.C., London […]

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Consulting Industry

HR consulting firms in India 2008

THE list of HR consulting firms forms part of the full list of consulting firms in India: Mitcon Consultancy Services Ltd Vruksham Talent Group ALP Management Consultants Synergetics Omam Consultants Ma Foi Management Consultants Ltd ABC Consultants Pvt Ltd 1. Mitcon Consultancy Services Ltd Website: www.mitconindia.com Founded in 1982, MITCON is based in Pune and […]

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Consulting Industry

Sustainability consulting firms in Australia 2008

CORPORATE social responsibility (CSR) involves business organisations acting in the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities, the environment, and other stakeholders. Increasing concern about global climate change is shifting consumer preferences in favour of green and organic products, as well as putting pressure […]

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Consulting Industry

List of consulting firms in America

PREVIOUSLY I created a list of certain consulting firms in Australia. I have decided to do the same thing for the United States. This list provides quick access to a list of the top consulting firms in America and provides a short description of each. I hope you find it useful. The list of consulting […]

Categories
Consulting Industry

General business and strategy consulting firms in America 2008

General business and strategy consulting firms THE list of general business and strategy consulting firms forms part of the full list of consulting firms in America: McKinsey & Company Boston Consulting Group Bain & Company Booz & Company Booz Allen Hamilton Monitor Group Oliver Wyman The Parthenon Group Deloitte Consulting LLP L.E.K. Consulting Marakon Associates […]

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Consulting Industry

IT consulting firms in America 2008

THE list of IT consulting firms forms part of the full list of consulting firms in America: Gartner, Inc Diamond Management & Technology Consultants, Inc. Capgemini PA Consulting Group 1. Gartner, Inc Website: www.gartner.com Founded in 1979, Gartner is headquartered in Stamford, Connecticut and advises executives in 80 countries. Gartner also has offices in Sydney, […]

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Consulting Industry

HR consulting firms in America 2008

THE list of HR consulting firms forms part of the full list of consulting firms in America: Hewitt Associates Towers Perrin Watson Wyatt 1. Hewitt Associates Website: www.hewittassociates.com Founded in 1940 as an insurance brokerage firm, it now has offices in 33 countries. In America Hewitt Associates has offices in Newport Beach, Pleasanton, San Francisco, […]

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Consulting Industry

Economic advisory and executive education firms in America 2008

THE list of Economic Advisory and Executive Education firms forms part of the full list of consulting firms in America: NERA Economic Consulting Corporate Executive Board The Advisory Board Company Gallup Consulting 1. NERA Economic Consulting Website: www.nera.com Founded in 1961, NERA has 20 offices worldwide. In America it operates out of Boston, Chicago, Denver, Ithaca, Los […]

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Consulting Industry

Litigation support service firms in America 2008

THE list of Litigation Support firms forms part of the full list of consulting firms in America: LECG Cornerstone Research Huron Consulting Group 1. LECG Website: www.lecg.com Founded in 1988 by distinguished faculty from the University of California at Berkeley to provide independent testimony, authoritative studies and advisory services to inform business, regulatory, and judicial […]

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Consulting Industry

List of consulting firms in Australia

AN IMPORTANT step towards obtaining a job in a consulting firm is to create a target list of firms that you would like to work for. This can be a very time consuming process. With the view to saving you a couple of hours, I have prepared a list of consulting firms operating in Australia. […]

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Consulting Industry

HR consulting firms in Australia 2008

HR consulting firms THE list of HR consulting firms is part of the full list of consulting firms in Australia: Amazing Results Greg Bailey Consulting Inspiritive Maxumise Michael Page International Right Consulting 1. Amazing Results Website: www.amazingresults.com.au Amazing Results has its head office in Sydney and also operates out of Melbourne, Brisbane, Perth and Canberra. Amazing […]

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Consulting Industry

IT consulting firms in Australia 2008

THE list of IT consulting firms is part of the full list of consulting firms in Australia: The DLA Group JDCA Technology Dimensions Red Prime Media & Communications SMS Management & Technology Wiliam 1. The DLA Group Website: www.dlagroup.com.au DLA is located in Sydney. The DLA Group is an IT consulting, software development and distribution […]

Categories
Interviews

Case Interview Guides & Books

THIS list of guides and books is a a work in progress. If you come across any other useful resources that I haven’t listed here, please let us know. Online case interview guides Make Your Case: Master Consulting Interviews | WallStreetOasis.com ATKearney – interview casebook Deloitte – 2007 Boston College – Conducting Case Interviews Deloite […]

Categories
Career Advice

Researching consulting firms: what do you need to ask?

THIS article looks at some of the questions that you should consider asking in your consulting case interview. After reading this article and one of my previous articles on researching for your consulting case interview, make sure to access the practice case interview questions. Questions, everyone’s asking them Preparing a resume, and building a personal […]

Categories
Career Advice

Career choice: consulting versus investment banking

IF YOU”RE in your final or penultimate year of your degree, and you’re interested in pursuing a career in the commercial field, you will probably have started thinking about which career path you want to take. Consulting is an attractive career prospect, but you may also be considering investment banking. There are many similarities between […]

Categories
Career Advice

Researching consulting firms: what do you need to know?

THIS article looks at why, how and what to research for your consulting case interview. To get started with your interview preparations, take a look at my list of consulting case interview practice questions. Preparing for an interview with a consulting firm can be a difficult task. Having obtained an interview, you will need to […]

Categories
Interviews

The consulting case interview: 10 tips for a successful performance

THIS is the first of a series of posts looking at the consulting case interview. Below, I provide ten insightful tips that will help you achieve success in your case interview. The information below is from my own thoughts and by reference to Vault Guide to the Case Interview. 1. Practice, practice, practice Preparation is […]

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Consulting Industry

#1 McKinsey – an overview of the top four consulting firms 2008

APPLYING for a job as a consultant can be a difficult and daunting task. Consulting jobs are highly sought after and the competition is intense. The process of polishing your resume, writing applications and preparing for case interviews can be exhausting and time consuming. Over and above the time actually spent in interviews, each consulting […]

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Consulting Industry

#2 BCG – an overview of the top four consulting firms 2008

McKinsey & Company Boston Consulting Group Bain & Company Booz Allen Hamilton 2. Boston Consulting Group Organisation type Private Company Headquarters Boston, Massachusetts, USA Key people Hans-Paul Burkner, President and CEO Size 3,900 consultants (2007) in 66 offices across 38 countries Revenue $1.8 billion (2006, Vault) Expertise Business strategy Mission BCG is committed to: · […]

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Consulting Industry

#3 Bain – an overview of the top four consulting firms 2008

McKinsey & Company Boston Consulting Group Bain & Company Booz Allen Hamilton 3. Bain & Company Organisation type Private company Headquarters Boston, Massachusetts, USA Key people Steve Ellis, Managing Director. A Stanford MBA, Ellis co-founded Focus, Inc., a Silicon Valley consulting firm, before coming on board at Bain. Orit Gadiesh, Chairman of the Board Size […]

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Consulting Industry

#4 Booz Allen Hamilton – an overview of the top four consulting firms 2008

McKinsey & Company Boston Consulting Group Bain & Company Booz Allen Hamilton NOTE: In July 2008, Booz Allen Hamilton separated its two core businesses into two companies. Booz Allen Hamilton now provides U.S. government consulting, and Booz & Company provides commercial management consulting. 4. Booz Allen Hamilton Organisation type Private company Headquarters McLean, Virginia, USA […]