HOW TO GET INTO THE TOP CONSULTING FIRMS PDF
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How to Get Into the Top Consulting Firms a Surefire Case Interview Method - Download as PDF File .pdf), Text File .txt) or read online. Top consulting firm. The WetFeet Research Methodology. You hold in your hands a copy of the best- quality research available for job seekers. We have designed this Insider Guide. Some consulting firms specialize in a particular industry or policy provides links to consulting organizations that have a particular interest in the skills and .. Guide to the Case Interview, Vault Guide to the Top 25 Consulting Firms, Vault.
Be The Best Consultant Ever: 6 Things That Will Make You Great
In our research and teaching at Harvard Business School, we emphasize the importance of looking at the world through the lens of theory—that is, of understanding the forces that bring about change and the circumstances in which those forces are operative: what causes what to happen, when and why.
Disruption is one such theory, but we teach several others, encompassing such areas as customer behavior, industry development, and human motivation. Over the past year we have been studying the professional services, especially consulting and law, through the lens of these theories to understand how they are changing and why. In May we held a roundtable at HBS on the disruption of the professional services to encourage greater dialogue and debate on this subject.
We have come to the conclusion that the same forces that disrupted so many businesses, from steel to publishing, are starting to reshape the world of consulting.
The implications for firms and their clients are significant. Early signs of this pattern in the consulting industry include increasingly sophisticated competitors with nontraditional business models that are gaining acceptance.
Although these upstarts are as yet nowhere near the size and influence of big-name consultancies like McKinsey, Bain, and Boston Consulting Group BCG , the incumbents are showing vulnerability.
[PDF] How to Get Into the Top Consulting Firms: A Surefire Case Interview Method - 2nd Edition
Big consulting is also questioning its sacred cows: We spoke to a partner at one large firm who anticipates that the percentage of projects employing value-based pricing instead of per diem billing will go from the high single digits to a third of the business within 20 years.
Even McKinsey, as we have seen, is pursuing innovation with unusual speed and vigor. It has always involved sending smart outsiders into organizations for a finite period of time and asking them to recommend solutions for the most difficult problems confronting their clients. Some experienced consultants we interviewed scoffed at the suggestion of disruption in their industry, noting that life and change being what they are clients will always face new challenges.
Their reaction is understandable, because two factors—opacity and agility—have long made consulting immune to disruption. Like most other professional services, consulting is highly opaque compared with manufacturing-based companies.
As a result, a critical mechanism of disruption is disabled. Consulting: Three Business Models The traditional solution-shop model is at risk of being disrupted by other models. Here are the main differences among them. Price is often seen as a proxy for quality, buoying the premiums charged by name-brand firms.
Behavioral & Experience Questions
The agility of top consulting firms—their practiced ability to move smoothly from big idea to big idea—allows them to respond flexibly to threats of disruption. These big firms are the antithesis of the U. Steel of disruption lore.
Consider how capably McKinsey and others were able to respond when BCG started to gain fame for its strategy frameworks. Lessons from the Legal Field The legal industry is grappling with legions of disgruntled but inventive clients and upstart competitors. No less significant was the introduction, around the same time, of the Am Law ranking of firms by financial performance, which gave clients their first hint of the true costs and value of the services they were buying, along with a real basis for comparison among the top firms.
By adding increasingly granular data, such as leverage and profits per partner, the Am Law rankings shone a light on the previously secretive operations of white-shoe firms.
By now corporate general counsel are well along in the process of disaggregating traditional law firms, taking advantage of new competitors such as Axiom and Lawyers on Demand, which reduce costs and increase efficiency through technology, streamlined workflow, and alternative staffing models. This has greatly helped general counsel be much savvier about where to send different types of work and helped us serve our corporations better. They are often hired to bring cost and quality advantages to corporations by working creatively with law firms.
Emerging law firms are innovating quickly to take business away from white-shoe firms. For example, LeClairRyan is a full-service U.
This one step will put you way ahead of the competition. Why did you spend all that time building up a network and finding mentors anyway? I say this not to brag, but to show you that I know what works. What is the one piece of advice I would give every candidate?
Be confident. There is nothing worse than an awkward or weird interview. Candidates get hung up on answering questions, but to show real intent you need to be able to ask the interviewer something relevant. The best advice here is to take a pen and paper into the interview and write down some brief notes about anything to interviewer says.
Careers in management consulting
The more you can get the interviewer to talk about themselves the better people love to do that. Not asking questions when you have a chance is a sure-fire way to not get the job.
Oh and just one more thing… Make sure you send a thank you note!
Before — do your research, understand the organization and come up with some great questions. During — be confident, friendly and remember to breathe — you should be listening as well as talking. After — send a thank you note within hours. This can make or break your interview! The exposure you get at a Big 4 firm lays the foundation for whatever direction your career takes you.
The best approach to behavioral questioning. Are you concerned about behavioral interview questions?
Good, because so is everyone else! But there is no need to be nervous. All that is needed is a strategy. They are worrisome because you could literally be asked anything.
In reality this is a good thing, because there is an intrinsic part of behavioral questioning that we can turn to our advantage. The questions you will be asked are vague enough that you can systematize your approach. Describe in detail a time when you were successful at achieving results even though you were part of a team that was difficult to motivate.
How did you help to set goals and ensure that those goals were met? Especially with no planning. But you are going to plan! First off, you need to arm yourself with a great set of example scenarios. These scenarios should fall within general categories such as teamwork, research, flexibility, etc.
Think of at least two scenarios for each of these categories.
The best thing is that your general scenarios can apply to multiple situations. The final phase of the Big 4 behavioral interview strategy is to break the question down into its parts and build up and answer using those parts.Moral points out.
Mud, Sweat and Tears tells the story of Bud Ings' adventures as a rural veterinarian in the s. Read reviews that mention case in point case interview management consulting darling book consulting firm top consulting school of business interview process reading the book practice cases interview preparation consulting interview recommend this book guide to case cosentino case book is a good found in the book point over any other book frameworks pages.
You just clipped your first slide! But what really distinguishes a good consultant from a great one is the ability to not only focus on the tasks at hand, but also to think critically about the work.
LeClairRyan coordinates this discovery work with the higher-value services of lead counsel, who focus on the less routine aspects of litigation. These notes refer to the Policing and Crime Act c. Reminder: be structured and articulate in all your answers. Discover how to visualize your next business success, your next sale, your next interview--whatever http:
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