Case Interview Preparation & Management Consulting | Strategy | Critical Thinking
Firmsconsulting maintains a 80% success rate at placing clients within McKinsey, BCG and Bain. This is the highest in the industry and the rate is higher if we include other firms. We achieve this rate because we only use former partners from McKinsey, BCG et al to develop our clients. This makes us unique. We never use analysts, associates, engagement managers or associate principals. We also carefully select and develop clients on their communication, image, technical and case interview skills. This podcast channel describes our lessons from training our clients. www.firmsconsulting.com www.strategytraining.com
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880: How do you gain more experience? (Case Interview & Management Consulting classics)
<p>For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss how to gain more experience. Many candidates are declined with the suggestion to gain more work experience. Unfortunately, candidates take this feedback at face value. This podcast explains what this feedback means and suggests a vital shortcut to fix this problem. Hint, it does not require work experience at all.</p> <p> </p> <p >Here are some free gifts for you:</p> <p >Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach</p> <p >McKinsey & BCG winning resume free download: www.firm...
879: Myths about management consulting (Case Interview & Management Consulting classics)
<p>This general podcast describes some of the common misconceptions applicants and even practicing McKinsey/BCG consultants have about their own firms. It will be useful to anyone who wants to understand some of the broad themes and misunderstandings about the profession.</p> <p> </p> <p >Here are some free gifts for you:<br /> <br /></p> <p >Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach</p> <p >McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf</p> <p >Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo</p>
878: Economic impact of poor business judgement (Case Interview & Management Consulting classics)
<p>For this episode, let's revisit a Case Interview & Management Consulting classic where we discuss the economic impact of poor business judgement.</p> <p>The economic impact of poor business judgement, is a topic we managed every day as partners. Each time an associate made a poor "common sense" decision we needed to explain both the potential reputation and economic damage done to the firm. The former is well-known, but the latter is less known but just as important. In thinking through why consulting firms look for business judgement, it helps to consider the economic impact to clients and the...
877: Changing practice styles manages uncertainty (Case Interview & Management Consulting classics)
<p>For this episode, let's revisit a Case Interview & Management Consulting classic where we speak about our practice styles.</p> <p>Over the course of the case interview training program, it becomes very important for us to change our coaching style. First, candidates become used to solving cases in just this one style and we need to ensure they can adapt to any style. Second, candidates become adept at reading the "tell" in the coach/mentor so they know when they, the candidate, is making a mistake etc. By changing our coaching style and introducing mentors, we can easily avoid...
876: The Lesson in Choosing to Resign (Case Interview & Management Consulting classics)
<p>When I was an associate and had just joined the firm from a boutique firm, many of my colleagues from the boutique firm were also looking for new roles. Some of them were outstanding and others were terrible. Shortly after I joined the firm it was announced that some of the terrible consultants had been made offers to join the firm. </p> <p>In this podcast I explain why I resigned, how the firm reacted and what both actions tell us about how we should make career choices. </p> <p>It is never ever about the money. If you ch...
875: Using Storytelling in Cases (Case Interview & Management Consulting classics)
<p>Storytelling is a very powerful technique to ensure someone remembers you after an interview. In fact, even when we screen people at Firmsconsulting today, we use this technique I applied as a partner. The rule is simple: if I can remember your key messages from the interview the next day, I would make you an offer. That, of course, assumes you had passed all the other hurdles well enough. One way to be remembered is to be your answers around compelling stories using the New York Times rule of facts, facts and facts with a beginning and end.</p> <...
874: Managed out of McKinsey & BCG? (Case Interview & Management Consulting classics)
<p>Too many clients panic when they are managed out of McKinsey, BCG or Bain. They assume the worst and imagine a tattered reputation. This could not be further from the truth.</p> <p>In this podcast, let's revisit a Case Interview & Management Consulting classic where we explain why it is in McKinsey's and BCG's best interest to never disclose you were managed out. It is part of their business models that the market never knows you may have been the world's most ridiculous consultant.</p> <p>So, if you are being managed out, relax. You will be ok.</p> <p >...
873: Why consulting stars are never managers (Case Interview & Management Consulting classics)
<p>For this episode, let's revisit a Case Interview & Management Consulting classic where we explain how teams are assembled and the role given to consulting stars. Many assume being the manage means you are the best performer. That could not be further from the truth.<br /> <br /> Related:<br /> Learn more about consulting from our leadership publication Firmsconsulting Quarterly</p> <p >Here are some free gifts for you:</p> <p >Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach</p> <p >McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf</p> <p >Enjoying this episode? Get...
872: Are you a consulting leader? (Case Interview & Management Consulting classics)
<p>Many of us rely on titles to determine if we becoming leaders in a consulting firm. This podcast provides a more important of definition of consulting leadership: who does the consulting firm turn to in times of crises and how do they do so?<br /> <br /> In fact, you will see that a leader in a consulting organization can be as young as an analyst and a partner may not be a leader. In fact the level of candor between you and the existing leadership is the only measure that matters. This podcast explains this concept with various examples<...
871: Myth of the Technology Strategy Study (Case Interview & Management Consulting classics)
<p>Readers in other sectors like financial services, energy, retail, automotive etc., make a massive mistake when looking at the technology strategy study training<br /> we have up on the site.<br /> <br /> They assume that the study will not train them about corporate strategy since it is about corporate strategy for technology company. That is major flaw.<br /> <br /> This podcast elaborates on some of these reasons:<br /> <br /> 1. Every corporate strategy study must be done for a client in a sector. Therefore it is impossible to find corporate strategy training which is generic - that is, not specific t...
