Typical Day in the Life of a Management Consultant
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- เผยแพร่เมื่อ 14 ม.ค. 2022
- Do you know what the typical day in the life of a management consultant looks like? Heinrich, a former McKinsey consultant, shares his insights in this video. Learn about working in consulting and a consulting career in management consulting and strategy consulting. Learn what consultants do in their consultant life. Beef up your consulting skills.
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I would love to have 2 hours before 6pm to get work done
That sounds so much toxic, I can't imagine why people want something like this. When you breakdown the salary then you're even not making more money than someone working 40h/week. The only thing someone go to consulting is maybe to learn very fast new things. Otherwise, it's for people without family..
Well people want different things out of life. This is definitely not for everyone.
You see and learn a lot. There is a reason why lots of people stop working as consultants in their 30/mid 30. Family comes first then ;)
Overall salary is still higher -> swap to industrie for the same salary after 5 years but for a 40h week.
Money
people advocating this lifestyle are the same ones who’d disappear off the face off earth when the glass ceiling breaks, and despite all the strategies and foresights they’ve been recommending clients, they learn it the hard way, that oops maybe it’s not as standard as their divine wisdom cracked it to be.
0:34 you mention "Problem Solving Session". Can you please elaborate on how this works and what a typical session looks like or what you do?
One thing I’ve notice when looking at video from all of the people who work/worked at an MBB. They all look sleep deprived or like they’ve gone through massive periods of not sleeping enough lol
So 2 Hours of effective work?
Sounds like a horrible work life
Management Consulting 101
Step 1: Have a bunch of meetings
Step 2: Conduct a bunch of analysis
Step 3: Recommend a round of firings
Step 4: Use a bunch of management-speak to justify the firings ("efficiencies")
Step 5: Send a huge bill
Step 6: Repeat with the next client
I have watched this video three times straight and still have no idea what a management consultant actually does... Coincidence?
So first you do a meeting then another meeting followed by an even bigger meeting then to top it guess what...
Yup another meeting.
I have been on the client side.
This is mostly how it happened for our consultants.
Except many times, the consultants had great pressure to convince teams about a new way of solving things. Some managers are very adamant.
However, all the problems get solved when the partner has a 2 hour open minded session with our CEO behind closed doors. They were very good at getting top management support to push things which the line managers objected. Top management never forces the line managers, they suggest, but the line manager can't deny.
I confirm this. By the way, he explained the typical/normal day. Tough nights are common (at least once a week, when you’re lucky)
Until when does a tough night last?
@@Raufm3 for me, the latest was until 12:30 am. But normally I close between 9-10:30 pm
What even is consultancy, is it basically advising in the company ur working in
@@idk-uv9dku advise for other companies aka clients
I can’t tell if this is a joke or not
Sounds horrific
Can be quite a lot of work indeed, though for me personally, the learnings were worth it. Best, Heinrich
@@FirmLearning agree. Learning is the goal. High intensity exposure for 3 years before B school.
The schedule sounds very agile/scrum oriented 👍🏻
You telling me that a consultant in MBB only works from 8:30 to 7pm (or even 10pm)? In which country is that? 😅😅😅 As far as I know they use to work at least 14-16 hours in average, thats the reason of their wages (the double of traditional real consulting firm).
this is not what the video is saying
All paid for by a struggling business. Think before you go with the big firms.
A bit exaggerated isn't it?
Lmao MBB Consultants in India work till 12 AM on avg. Saying India cause I dunno how it is elsewhere
@@sudarshangopinathan5904 u work there?
@@shtman504 I work with a lot of MBB folk on a daily basis. Know their workload and other stuff very well.
@@sudarshangopinathan5904 so what do you do?
@@shtman504 he owns a company obviously
ConZZaltant
hahah!