Understand 18 Years of the Consulting Culture in 18 Minutes
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- เผยแพร่เมื่อ 12 พ.ค. 2024
- In this video, I will share with you some insights about the #consulting culture. By understanding the value of a consulting firm, you can make the interviewer like you even before they know about it.
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Time Stamps:
0:00 Intro
1:18 How the environment shapes consultants' thinking
4:31 Responsibility & Proactivity
5:35 No excuse
6:25 Result oriented & Can-do attitude
7:23 Top-down communication
8:12 MECE
8:40 Be structured
10:00 Always meet deadlines
10:56 Be a manager from day 1
11:57 Client first
13:12 Fact-based mindset
13:57 Time management and 80/20 rule
14:42 Key take-aways and Key message
15:17 Ask questions about well-thought opinions
16:03 Align early
16:37 Action-oriented & your next step
17:28 Outro
Learn more about consulting culture in our community: mconsultingprep.com/community/
My next step:
1) Bookmark the video
2) Note all the points down in a place of reference
3) Go through these points over and over again
4) Try to implement these points in day to day life
5) Go to the next set of videos in Case Interview.
Does this sound like a good approach in this preparation into the consulting world?
Yes, it does! Indeed!
Wonderful video to demonstrate exactly what working in consulting firm looks like. Thanks Kim
Love the content! Re-watcing after a few years
Next step:
Practice in daily routine and see changes
Notes jotting during video :
Consulting
1. Responsibility & Proactivity
• Ownership
2. No Excuse
3. Result oriented & Can do atittude
• Achieving
4. Top down communication
5. MECE
6. Structure
• MECE
• Top down
• Logical
• Organizes
•Consulting worthy
7. Deadline
8. Everybody is a manager from day1
• Resources
• Content
• Key stakeholders- client&bosses
9. Client first
10. Fact-based
• Observation = explain ideas.
• Conclusion = support data.
• Question = how that question will help me
11. Time & resources management
• 80-20
12. Key takeaways & key messages
• Story =So what?
• Data analysis = key takeaway?
• Slide = key message?
13. What do you think? (Insights)
Leadership is there to give direction not think for you.
14. Align early
• Directions
15. Next Step
• Action oriented
Happy to see your comment old friend ;) And much happier to see your improvement day by day!
Hey! Greetings from Brazil! For me, the next step envolves assimilating all the video content and separating the skills I already have from the ones I need to invest more time. Also I have to look deeper inside the MECE technique and apply everything I learned so far from your videos to some practice cases I have before the interview
My next steps:
1. Subscribe to different consulting sharing channels. (Offered by different former consultants from different firms)
2. Learn more about overall consulting work, cultures, pros and cons.
3. Learn more about each firm culture.
4. Deciding which firms are the most suitable for me based on which channels of former consultants provided with the most insight and comfortability.
Now I discover that TH-cam is a great channel for learning about the consulting world from former consultants.
Thanks for the contents!!!!
Hi, Kim!
I'm watching your video from 2022. Thank you!
My next steps:
1. Watch this video again
2. Highlight the key takeaways
3. Answer important questions
4. Prepare for an interview
Thank you Kim. Great insights as usual. Here are 3 next steps for me: 1) recap on key takeaways from this video 2) watch it once every 2 days 3) install in my life where applicable
Kim,
Your video's are well done and helped me better understand the processing behind consulting.I plan on rewatching this video and would like to see you make new content in the future.If you're looking for recommendations for a future video, I would recommend how to prepare for your first day or how to best communicate with your team and the client.
Thank you for the amazing video. Next step i see here is getting into the details of how I can imbibe each and every habit mentioned here. And for me you develop a habit by doing things over and over again so that they start coming naturally to you. I would be very excited if I get into insights of generating these habits through these videos.
For me: Imbibe these traits/skills in me.
For you: keep making more such videos!👍
Kim, your videos are awesome. My next step is to do the mock interview and prepare for my coming interview this weekend!
Wow this is such an underrated and informative channel. How does everyone not know about this?
Thank you for the nice comment. Yes TH-cam algorithm needs some help. Please share ^^.
I love all the helpful videos. Thank you so much for sharing all the insights. Please post more!
Glad that our videos help! Btw, more insights are available here for you: mconsultingprep.com/, in the form of articles. We keep it updated everyday!
I like this video, its very easy to comprehend and really helping. Will save it and watch it again from time to time
This video is pure gold 100% the consulting mindset learn this and you will shine inside and outside of consulting
Glad it helps!
The next step is review the video and others from MConsulting! Awsome Videos and tips... Thank you from South America.
I like this video because it extrapolates what I naturally do - putting myself in others' positions - and helped me to better understand a culture that is foreign to me (and in which I believe I would succeed).
Next steps:
(1) Continue to be myself;
(2) Stay calm and collected during case interviews; and
(3) Re-watch some MConsulting Prep videos to keep the tactics fresh.
Hi Kim, great video
So, some points in my mind to do after watching this video
1) Take a note of the points mentioned and then think of its application in present situations
2) Delve into MECE and make a sense of the concept
3) Hope to ask more questions to solidify my understanding
4) Will seek to analyse the consulting culture in a bit more detail
5) Lastly am looking to work in this field
Simple clear yet interesting way of putting together essential soft skills for consultants.
1. Complete watching rest of the videos you have uploaded.
2. Regularize habit of scheduling my day.
3. Strongly urge you to upload more.
Very insightful & helpful !!! Thanks a lot !!!
Thanks, Kim! Sure. Next step for me is
1. identify key weaknesses and start taking action steps per.
2. when the weakness is overcome, identify another one
3. iterate 1 and 2
This video really sets up the basic tone for whom like to pursue consulting career. Thank you!
Interesting video. And nice way of challenging your viewers by probing their ego to get comments on the video. Look forward to your next one!
lol lại gặp ông hiếu ở đây :)))
Woo .. meet you guys both here ^^
Great video on consulting culture. Next step will be to find out the skills that I already have that is in and improve on the ones that I don:t have yet.
Next step for me:
1. watch again without noting down anything - let the knowledge comes in unconsciously
2. watch MECE video
3. Self evaluate which traits I have and dont have now
4. Action plan to train myself
For you:
1. Analyse the engagement rate, sharing rate to evaluate if this is an effective marketing tool
2. Another video to guide how to develop these traits
Very nice, Phoebe. I have a very similar set of steps.
A video guide to develop these traits is exactly what we're craving for.
Hi Kim ur style of talking is gr8.I am a believer that I can make it to consulting but probably not the top 3 cs as I dont have a stellar academic records such as MBA from Harvard.But I will not give up.Thats for sure.
The data I would use is:
1. All data of applicants who received and did not receive an offer.
2. A indicator of whether each individual is a subscriber or not.
3. All other data that may affect someone receiving an offer.
From there I would use a regression analysis program to find how being subscribed to MConsulting Prep affects receiving an offer or not.
Thanks for the wonderful video. It explain very clearly to me who are very new and just learning about the consulting world. The next step I'm going to take is
1) Save the video into the library I've made in YT
2) Write down the key points and takeaways from this video
3) Rewatch the video and apply the skills learned in day to day life (since it's a goof habit although some are way way extreme than the others)
4) Start working on my case project
I hope this's a concrete and clear enough what to do next 😂
Brilliant videos. I have been consulting for a few years and I found it really insightful. My question is how do you deal with difficult clients that have been used to a different culture from working with previous consultants that weren’t doing this by the book?
I took notes. I will need to work through this list again tomorrow, and the day after... I will need to learn more, and I will need to recapture the focus which was to prepare for a case interview by continue watching this series.
I will also need to consult with my friend who has gone through this process, and get some ideas of what he did. But before doing that, I should continue my own research and thinking. Waiting for a list of good questions. Bringing that to the table for a more fruitful conversation.
Awesomeeeeeeeeeee
Hi Kim,
Starting watching your consulting Prep videos very recently.
Wish you made more of them.
Here are my next steps:
1) Go through this video every 2 days
2) Implement the first point- Proactivity & Responsibility in my daily Life.
3) Continue commenting in this space as I move on to the next points.
Looking forward to more such amazing videos from Management Consulting Prep.
Thank You!
Yes, thanks for your support! Have you watched all of them? If so I would love to recommend you more from Ultimate Management Consulting Program mconsultingprep.com/shop/ultimate-management-consulting-program/!
My next step is to watch this video again and take notes. Thank you for this great video!
Awesome! Keep it up^^.
Thanks for the advice Kim!
My next steps will be to:
1. watch more videos to prepare for my interviews this weekend
2. get ****
3. get a feel for my schedule til next Friday/month and strategize
That's awesomeee!
The next thing I will do is to watch this video again. Thank you Kim!
Next step is for me to make a plan to prepare for cases watching your videos and then polishing my PI answers.Make a note in my agenda to watch this video every other day. certainly a day before interviewThanks indeed
Next step: re-read my notes about this video and plan in my agenda specific times when I will rewatch that video !
No.10 - To support the claim, facts from HR on case interviews conducted and offers submitted would be a good start. It would be really helpful if pre-interview forms included a question about previous preparation, and this data was collected correctly over a good period of time. You could also do primary interview research with a grading scale on relevant criteria.
IS your claim true? If so, how do you know?
No.15 - My next steps are to watch the rest of your videos and brush up on my case interview arithmetic. Thursday is a case interview workshop on campus, and about a week after that I go through the grinder!
Thank you for your efforts Mr. Tran, you're the man.
My next three steps
1) Begin to apply this learning to my work
2) Re-watch to keep the instructions fresh in my mind
3) Continue to maintain a can do attitude
Thanks Kim - this video is helpful.
For me (a student):
- Book mark video to watch repetitively.
- Constantly review traits explained in the video and plan how to effectively incorporate into daily life and studies.
- Execute and evaluate at regular intervals my effectiveness in achieving these traits.
- Iterative process continues until such a time when I will be in a position to apply for jobs.
- In the meantime, see move videos.
For you (creator o Management consulting prep):
- Engage with consumers of your channel to understand their needs and cater if you have not done so already.
- Continue to create these videos to uplift more people.
Thank you very much.
For me, it would be to watch this video over and over until I understand it completely and start noting the traits.
I can go even deeper by searching each traits and how to apply them in the consulting world.
After doing my recherche, I should try these traits in persons but should not force it to come out but let it come out naturally since in the consulting world, I need to let these traits come out naturally.
I also need to polish my social and leadership skills.
You need to make a video about what are the vital skills we need to prepare ourselves to enter the consulting world ahead of others in detail. You did mention one of them, which is managing time and resources.
Your order is on its way! In the meantime, these articles might help! mconsultingprep.com/what-the-heck-does-a-consultant-do/
Hi Kim,
I have always appreciated your work and I believe the approach shown in this beautiful video is not limited to interviews in consulting world alone.
Can we have top 3 or top 7 from this list in a way that it encompasses all 15? Please advise.
My next step is to check out which of your videos are relevant for my interviews tomorrow. After that I am going to watch the videos and take notes on the relevant points.
The next step you should take as a mentor is asking me whether I need any additional guidance and check on my progress;)
Tip - you sometimes use terms without defining them (though you may have done so previously). Ex: PD, MECE. Note: you can state the meaning briefly in passing and say that it will be explained at greater length elsewhere (like MECE). Even a well-known term like 80/20 should not be stated without defining it in relation to the specific application that you are speaking about (time/resource allocation in the consulting industry). Thanks!
Yes i am a believer, rooted from belief in the power of the common sense, purified of bias
Well done Kim. Next step - go the the job
My next steps are to practice and develop every week chosen consulting capabilities you have mentioned in the video. The first two to explore are ownership and being a manager.
Next step is to challenge you with my case :) but this will come in a private message.
Okay, you've got it.
One, I will watch more of your videos and check out your website + prices. I
You: Please keep making these informative, valuable videos.
Hopefully we may be in conversation.
Best,
Kunjie
Thanks Kunjie Qian for your support! Your appreciation means lots to us. Visit our website for more free articles on MC at mconsultingprep.com/ and send us live messages/email if you ever need any help!
From MConsultingPrep with love
My next steps:
1. Do self reflection on what I’m good at and what I’m not
2. Implement strategic plan for improvements
3. Act like a management consultant with must-have traits right from tomorrow morning.
Thanks Kim for your precious videos
Next steps on my side would be to:
1. Re-watch this video
2. Note down the points somewhere for me to refer
3. Make an effort to imbibe these and live by these rules until it becomes a natural habit
For you, the next step would be to keep making strong consulting-oriented content like these in the future. You're doing a great job, Kim!
Next step for me would be applying what I have learned - the characteristics and traits of being a consultant, which I find myself very related to, to my University life. Thanks for your videos, Kim Tran!
Thanks for your support!
This is actually somewhat helpful
Sounds intense and competitive
1. Watch MECE video
2. Read an article I have pulled up on how to get into consulting with a background in engineering
3. Read the job listing for a local consulting company opportunity I'm preparing to apply for
4. Identify vital components and start a framework for my application (resume + cover letter)
Last part. Quite smart ha! You definitely deserve those likes :D
Thank you Thank you!
I will take the following next steps:
1.I'll watch this videos on daily basis.
2.I'll apply these concepts to every projects,case studies that I'm solving.
I think the defition of structure means that the information presented or thought process followed posseses:
1) Easy to follow flow of information
2) Clear call to action and purpose
Coming from a structural engineer wanting to join an MBB
My steps
- Bookmark the vid
- Note down these points after my holiday
- Make a self assessment regarding what points I already do well and what I need to improve upon
- write down why I do well on some of these points and what I need to continue doing
- write down why I do not score well on some of these points
- make a plan to improve on these points
Next Steps:
1. Make note of all the points in this video.
2. Reflect upon which qualities of a consultant that I lack.
3. Make a plan to cover up all the lacking qualities.
4. Follow the plan.
5. Start preparing for the interviews.
6. Take feedback from each interview and reflect upon that.
Thanks for a wounderful video.. :)
I believe that in order to support the claim that people who watched this video were accepted to be a consultant, you should present a graph that shows numbers and even reviews. Or something tangible and credible. 😊
Anyway, thank you for this video, I hope that the next time I'll comment, I will be a consultant already 💪
Next step for me:
1. Go-through the key pointers of this video
Following which, the remaining sequence:
2. Watch the other remaining videos of MConPrep
3. Make notes and Revise
4. Go through other useful resources- videos, books, articles
5. Practice Online- tools, interview, cases
6. Make a list of Business games to apply to and other resume building elements
7. Network, apply
8. Go for interviews
And eventually:
9. Get offers!
Next step for you:
1. Continue uploading constructive videos for this community and advise us on how to deal with impact of COVID on consulting job market
Hi Kim
Next step for after watching this video is completing your video series and note down all consultant qualities for my first practice interview in my b-school tomorrow. For you, can you please tell me how much emphasis is given on past academics performance in the selection at Mckinsey?
18th times watching this video！
Really insightful and helpful!
me reading this comment 18 times too ;)
Hahaha! I am looking forward to watching your next video! I have repeated all of them many times and I will continue learning from your short but to-the-point videos.
fact based) i would provide the ratio of people who got into the consulting firm from the pool of people who is actively participating in this channel
Next step)
1. make plan on what order and what pace i would study the videos listed in this channel
2. practice my plan
This channel is really helpful! Thank you!
MY next step:
1) what exactly is MECE?
2) understand which among those skills is naturally you?
3) work on the rest of those skills ensuring you get naturally accustomed to it rather than just to show off?
4) being a business development manager, understand what all other skills would be powerful for me to get into consulting.
5) jotting down those 15 skillsets working on them and perfecting them one by one
5) get a MBA degree, given my above average bachelors degree in automotive engineering.
6) During that learning practicing testing analysing on how to get into consulting and just do it!
I'm very new to this. But I see myself being a consultant, it's challenging, regardless of the results, I believe these skills are extremely necessary.
And a small message to all, in order to maintain work life balance (I don't know if there's such a thing btw) ensure you're being yourself both at work or out of work, otherwise it could be depressing.
All the best to all, thanks for the great video.
I would go over it again before I hit the bed!! Useful stuff, thanks!!
Way to gooooo!!!
That is good that they pay enough there were you worked. In Poland in consulting companies they do not pay enough to go and pick up a new suit in the morning just like that. I remember my coworkers from other offices in the world talking about their salaries.
hi! Kim Tran, I want to know
What national consulting they do ??
The next step for me is to identify the weaknesses I have in me and take necessary ACTIONS to improve.
Watch this video again
Look into the mece video
Think about this video especially key take away thing while working on my slides
You would need 3 pieces of data to prove that your sibscribers get more offers.
1. What percentage of people perscribed get offers
2. What percentage of non-subscribers get offers
3. Contol data that account for other variables between the two groups.
Those pieces of data would prove your hypothesis
The next step for me is to contemplate how I can demonstrate these traits during recruiting and interviews.
Your next step is to analyze how effect this video is as a marketing tool for your more expansive products.
Thank you for this Video. My next steps are:
Go to bed.
Watch this video again tomorrow.
Jot out every step.
Evaluate myself and know how my performance rank on all 15 traits.
Create a structured, easy to understand and execute, plan to learn and improve all 15 points continually.
Start executing these action plans.
I have a question concerning time and resources managment: In my journey to improve my time efficiency I have tried recording every activity I do and the time spent doing it, writing my plans and alligning my actions to fit these plan perfectly, and many other strategies but they don't seem to produce the desired result. For example, when I write my plan beforehand, a new yet important commitment comes up and I have to invest my time in it. Please, can you share your method(s) to maximise your time efficiency and also the challenges you originally faced when you started using this method and the solution you found?
Net step for me is to see which one of these 15 points do I already excel in and then improve the ones that are lacking. Next steps for you is demonstrate how these 15 points play out in an interview and how we can show the interviewer that this is part of our personality already.
damn this is good, my next step is to subscribe to your channel and learn things from zero. I have a degree in science but i am thinking of embarking a career on consulting. peace
Hey Kim, kindly share this slide. It'll save a lot of time during revision. Thanks :)
Next step for me:
1. digest these 15 key points
2. work on my university assignment on HR-related management case analysis
3. review the key points again and see if those points fit the problem solving of the case
Next Step for me: Watch MECE and other case study videos and save this one for later reference.
Also, I will need to practice the free PST problems.
Lastly, I will reflect on all that I have a learned.
Next Step for you: Keep up the good work of posting such insightful videos.
I wish I'd seen this video before my internship..
My next steps:
1. Integrate this into my daily routine as well as my job.
2. Become disciplined in everything I do.
3. Force myself to ask high quality questions to make better decisions.
4. Keep this video as a reference and rewatch it every weekend.
5. No more excuses for anything, I will own everything I do and have explanations for the same.
1) I will Check out the resources on your website and practice some case studies.
How is it going? Did you notice our Ultimate Management Consulting Program? mconsultingprep.com/shop/ultimate-management-consulting-program/ If you ever have any questions, don't hesitate to send us a message!
My Next Step-
1. Repeat this video everyday.
2. Get to make a habit of it.
Thanks a lot for this video. I am damn going to watch all your videos for sure.
Have you got used to it?
Have you watched all of our videos on TH-cam?
If you do, then I bet you haven't watched greater videos from Ultimate Management Consulting Program mconsultingprep.com/shop/ultimate-management-consulting-program/!
Next Step for me:
Will check out 3 sample cases until I got ready for the case interview tmr!
well, I am going to study the frameworks of consulting cases
Review my notes and put them up at my workplace to form a consulting mindset
Watch the video again, make notes, apply changes and share video
Actions for Kim: make more videos
My next step is to watch the next video in the series, take keynotes and organize it in order to study it efficiently.
Next step:
1. Set recurring reminder to watch this video on my commute everyday - this can be found on my Saved list
2. Practice clarity, brevity and speed in communication.
3. Practice qualifying all statements.
4. Watch the MECE video.
Anh Kim giọng hay quá 😍
Next thing for me is to rewatch the video and plan how to leverage on strength and build on weakness parts across the 15 unique culture tips provided
That's awesome!!
1. Book mark the video
2. Watch the video every day
3. In parallel to number 2, start learning other contents from the channel
Next Step:
Schedule next viewing of the video.
Watch the video on MECE.
Thank Kim Tran.
Thanks Kim.
After this personality based analysis video, next topic should focus on specific traits valued by diiferent consulting firms.
1) Watch and read more on consulting.
2) Research schools that offer a strong foundation for consulting.
Dear Kim,
Thank you for your video! If I may be so free to propose an idea on future video's, what would you think about a comparison of working at McKinsey, BCG and Bain? Here, the audience of the channel would be able to gain insights into the differences in interviews, cases and culture. Let me know what you think!
To address your finishing question, my next preparation steps include:
1) Find 2 similar youtube channels with Management consultancy content and subscribe to them
2) Each week, watch three video's related to Management consultancy
3) Every two week, practice an example case together with someone from my network
4) Every month, do a practice interview
5) In two months, find a mentor who has been working at McKinsey, BCG or Bain for at least 2 years and go over my progress every month
6) Enter at least two business courses in 2023 of the MBB companies
I will graduate at the end of 2023, which means it is the right time to start my preparation today. As an expert, Kim, do you have feedback on my following steps?
Next step:
1) add the video to watch later to review it in detail
2) target the points specifically where I am not entirely comfortable in
3) follow the structure and practise on a case interview
4) review and restart from step 1, and perform in the interview
Interesting road map.
1. Go through set of videos.
2. Make a time table and watch all again at a regular basis to have a complete grasp at it.
3. Practice case interview questions.
Next step for me as an audience:
- Bullet point the habits, think about them, apply and practice everyday.
Next step for you as the producer (to increase subscribers and views):
- Doing videos on How to practice each habit in optimal way.
Thank you for your channel!
My next step after watching this video:
1. Watch this video again and take some notes to make sure I understand the points on this video.
2. See what I lack of or need improvement based on the points of this video and think how I should change myself to fit the points of this video.
3. Apply and practice the change that I think I should do to improve yourself to my daily life.
Awesomeeeeeee