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Build a Skill - Management consulting interviews
เข้าร่วมเมื่อ 3 ส.ค. 2023
BuildaSkill offers learning programs and coaching services to candidates that prepare for interviews at top tier consulting firms. Videos on this channel contain helpful materials as you prepare for your upcoming interview, but much more content can be found on our site.
Do top-tier management consultancies only hire from top universities?
In this video, we deal with another question we get a lot - is it true that top-tier consultancies only hire candidates from the top universities? And what are my chances if I didn't?
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Candidate-led vs interviewer-led case interview - truths and common misconceptions
มุมมอง 67611 หลายเดือนก่อน
Anders, a former partner at a top-tier consultancy and seasoned interviewer explores a topic that is widely covered in various forums: the idea that some management consulting firms practice something described as an "interviewer-led" approach to case interviews, while others have something that is more of a "candidate-led" approach. A lot of what you find when you search the internet for these...
Is management consulting the right career choice for you? - 6 questions to ask yourself
มุมมอง 80411 หลายเดือนก่อน
Are you thinking about management consulting as a new career or maybe even your first job? In this video, Anders, a former partner at a top-tier consultancy, goes through 6 questions that you should ask yourself to know if management consulting is likely to be a good career choice for you, something you would enjoy. It might be difficult to know if you are a good fit for a job you have never do...
How to stand out in a management consulting interview - peer mindset
มุมมอง 1.8Kปีที่แล้ว
Anna, a former engagement manager at a top-tier management consultancy, talks about one of the most important concepts you need to understand if you want to stand out in a your interview - peer mindset. Many candidates come to a case interview with the mindset of a student being tested by a teacher, which is the wrong attitude for a multitude of reasons. Primarily: your job as a consultant is n...
What are the chances I get to work in a specific industry I like once I join management consulting?
มุมมอง 343ปีที่แล้ว
Here we talk about a question that is asked by many candidates who are about to join a management consulting firm: Will I be able to work in this specific industry that I am interested in (or on a specific topic that I am passionate about)? The answer is yes, you can work in the industry you like, but not only, and not necessarily immediately. Check out this video where we explain why.
Partner round case interview example (part 3 - FINAL)
มุมมอง 3.3Kปีที่แล้ว
This is the last of three videos where we go through a full partner round case interview, analyze the performance of the candidate, and comment on typical mistakes that other candidates make (if you haven't watched part 1 and 2 yet, please go back and do so as they have all the context). In this video, part 3, we wrap up the case with quantitative analysis, synthesis, and communication of recom...
Partner round case interview example (part 2)
มุมมอง 3.3Kปีที่แล้ว
This is the second of three videos where we go through a full partner round case interview, analyze the performance of the candidate, and comment on typical mistakes that other candidates make (if you haven't watched part 1 yet, please go back and do so as it has all the context). Anders, a former top-tier consultancy partner leads the interview, and Anna, a former engagement manager plays the ...
Partner round case interview example with analysis (part 1)
มุมมอง 12Kปีที่แล้ว
This is the first of three videos where we go through a full partner round case interview, analyze the performance of the candidate, and comment on typical mistakes that other candidates make. Anders, a former top-tier consultancy partner leads the interview, and Anna, a former engagement manager plays the role of the candidate. The case is a real case that has been used with hundreds of candid...
How soon can I start working internationally once I join management consulting?
มุมมอง 449ปีที่แล้ว
Management consulting has many value propositions, and the prospect of working internationally early in your career is one of them. A lot of people are curious about this question: How soon can I realistically start to work abroad after I join? Anders, a former partner at one of the firms, shares his perspective.
FAQ - What should I ask my interviewer?
มุมมอง 1.2Kปีที่แล้ว
We are back with another frequently asked question: "When I do my management consulting interview, and it is my turn to ask the interviewer some questions, what should I ask?" And of course the answer is: Whatever you want to know! Having said that, we have provided some suggestions in this video, where Anders, a former partner with many years of interviewing experience, shares some perspective...
FAQ - How do I answer "Tell me about yourself" in a management consulting interview?
มุมมอง 2.6Kปีที่แล้ว
Once candidates have a good grip of how to deal with their case and behavioral interviews, many ask "but what about the rest?" Should I expect some more generic questions in my upcoming management consulting interviews as well, like "What brought you here?" or "Tell me a bit about yourself". While these questions are not part of any assessment, it is still great to be prepared and have a plan f...
Former McKinsey partner comments on "Why did I spend 16 years at McKinsey?"
มุมมอง 1.2Kปีที่แล้ว
This video does not contain any educational material. It is merely a response to a question that's been asked many times in interviews: "Why did you stay for 16 years at McKinsey? What is so special about the Firm?" Watch this video and learn from a former McKinsey partner what makes a person spend a decade and a half at the Firm.
FAQ - How do I answer "Why management consulting?" in my management consulting interview?
มุมมอง 3.3Kปีที่แล้ว
This video is part of a series of short clips where we answer frequently asked questions that come up during our coaching sessions or as comments to our video materials. In this particular clip, we talk about how to answer a question that you sometimes get thrown in the initial part of the interview: Why management consulting? Why are you here today? Why this firm? This is a question that has m...
I’m preparing for an upcoming McKinsey interview in January and have been following your videos closely. I was about to enroll in the Digital PEI course on your website, but I noticed that it has been removed along with PEI related videos on your TH-cam channel. Could you let me know if there are any plans to make them available again?
The case practice was very insightful! Just one quick observation: reducing the excise tax on wine would likely mainly boost consumer spending on wine. However, since restaurants might source wine directly from wineries (mentioned in the clarifying question), the 0.45% projected increase in market size could be overly optimistic.
Good observation. Indeed, how much of that 0,45 that actually translates into increased market for intermediaries highly depends on what customers buy more of as a result of the price elasticity, and how much of each category is directly sourced. Those type of observations are exactly what interviewers will be looking for to judge whether a candidate can understand and deal with complexity in problem solving
@@BuildaSkill_coaching Thank you! I watched all of your videos and found them incredibly helpful. The content is excellent!
Very helpful!
Thank you! Happy to hear that!
Can't find part 2
Hi. Here is the link to the playlist: th-cam.com/play/PLN4UjcyOs8hcnmJQGryozR2EvHiSSXS1B.html&feature=shared
I'm slightly confused with the "increase in market size" analysis in 10:10. I would expect the increase in market SIZE to stem from entering new markets (geographical regions both domestically and internationally), targeting new customer segments (sell food and beverages not just restaurants but to cafeterias in schools for example), and such.
Hi! Thanks for your comment. Growing into new geographical markets or expanding into new businesses are things that Anna ruled out in the beginning (see where she crosses out the branch "Growth from new markets or business models" at around 7:15. Absolutely, the company could expand their target market by growing in this way, but Anna already asked clarifying questions in the start that made it clear that that's not in scope. Hence, the breakdown of growth into market size and market share that you see at 10:10 only refers to the existing market that they are already in. Hope that clarifies things a bit!
Very insightful with clear feedback, much better than videos from other channels. Thanks so much!
Thanks for the kind words, happy that you appreciate our content!
Extremely helpful series, thank you!
Thanks for your feedback. Glad you found it helpful!
Great video!
Thanks, glad that you enjoyed it!
Hi, Anders and Anna. Thank you for the case - it is a very illustrative and insightful case. I'd just like to clarify one of the feedback shared by Anders after the case. Would eventually using the 3Cs be acceptable in this case? When I drew my structure, I had similar headings to those of Anna (Grow the Market x Steal Share), but under the "Steal Share" driver, I had: 1. Diagnose the current landscape 2. Adapt the company's offering 1.1 Identify Restaurants' buying criteria 1.2 Evaluate the competitor's offering 2.1 Increase goods quality 2.2 Evaluate new pricing strategies 2.3 Consider distributing goods to new customers other than restaurants 2.4 Improve marketing strategies to increase awareness of the company's services (if relevant) The rationale is that we should first understand (i) what restaurants value and (ii) what our competitors offer before (iii) adjusting our offering. Ultimately, I am relying on the 3Cs. What do you think of this approach? Too framework-y?
Hi! Nothing wrong with using frameworks if you know why they are structured the way they are and they are MECE. In the case of the 3Cs, the best way to describe it in a MECE way in the context of a growth case is the following: Growth = growth potential x company's ability to capture that potential. Growth potential = market growth x potential market share gain. Hence growth = market growth x potential market share gain x company's ability to capture the potential. Which in a simplified way then translates into CUSTOMER x COMPETITION x COMPANY.
Thank you so much for this excellent series Anders! Yours has doubtlessly been the best consulting prep content I have seen on TH-cam and I have no doubts your follower-count will explode once more people find you.
Thanks a lot for the encouraging feedback!
I love your videos, you are both great! Can you give some deep insights on how to write CV and Cover Letter?
Thank you for the suggestion. We have been getting questions about this topic and will be adding it to future content!
Excellent video! I'm currently a student starting my first year in Design Tripos at Cambridge. Do you think it would be possible for me to get into consulting from an architecture+civil engineering background?
Absolutely! Top management consulting firms hire based on your problem solving skills, your drive and your people skills, not based on which specific educational background you have. Architecture and civil engineering are obviously great platforms for building your problem solving muscle! You might find that they spend more active recruiting efforts toward students from finance backgrounds or industrial management engineers etc, but that is just because limited capacity is prioritized where the hit rate is the highest (i.e. where they find the biggest proportion of interested and interesting candidates). So go for it!
Brilliant topic! Happy New Year to the team
Thanks for the feedback and Happy New Year to you too!
Best online resource available on the topic. Far more honest and useful than all those guru trying to sell courses to crack MBB interviews. It is also thanks to some of your advice that I recently landed an offer to join McKinsey as BA right out of uni. Best of luck with Build a Skill!
Thanks for the kind feedback! To be fair, we also sell a course :-) Wish you the best of luck as you embark on your McKinsey journey!
I'm always scared of the partner case and this was extremely helpful, thank you two 😊😊
Great that it was helpful! Nothing to be scared about :-)
Keep it up!! You're doing amazing Your videos are super useful and I'm sure that if you keep doing this you'll reach much more views. Thanks again!!
Thanks for the encouraging feedback!
Can you talk about what kind of work a business analyst does at McKinsey? i need some insights
Thanks for the request! We publish new videos regularly and will add it to the list :-)
The video I was looking for, thanks!
Awesome. Good luck with your preparations!