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Break into McKinsey, BCG, Bain, Oliver Wyman, Accenture, and other top management consulting firms with resources provided by top consultants and ex-consultants from around the world. The Management Consultants Network provides you everything you need to succeed in the consulting recruitment process - from start to finish. Best of all? It's completely free. Register for the site and check it out. 

Posted by Khaled Kteily on in All About Consulting

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This post is Part 4 in a five-part series on the skills you will need to succeed in consulting, and focuses on building an effective network and positive reputation within your office and firm. 

The series:

Part 1: Hard skills and staying organized

Part 2: Knowing your industry, client, and competitors

...

Posted by Khaled Kteily on in Preparing Your Applications

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Have you ever shopped at IKEA? Yes, of course you have. That means you've spent hours with an Allen key, and your blood, swear and tears. The result? Furniture that you are damn proud of.

The Ikea Effect - which is well-profiled by social psychologists and has been analyzed by the Harvard Business Review - is the tendency to value something more because you made it. So why is that relevant when you're putting together your application?

Posted by Khaled Kteily on in Preparing For Interviews

As we hit the beginning of September, you should be ramping up your case preparation. One of the apps that I used a fair amount when preparing was 'Case Maestro' by Upward Mobility. This was most useful when I had a commute and no access to internet - 30 minutes on the subway every day lends itself well to using an app to prepare. 

What I liked about the app was that it covered strategy questions, accounting (which I was terrible at), and a math section among others. This app taught me the 'Rule of 72', which explains how long it takes for your money to double, and I actually used that concept in one of my interviews, so I hold a bit of a soft spot for it. I was using it on the BlackBerry, but they've got an iPhone app which is a lot more usable. 

 

Posted by Khaled Kteily on in All About Consulting

From time to time, we'll highlight some of the content that's available to registered users to help you find your way around. Most blogs will do this to entice you to subscribe to some sort of a premium membership, but as a reminder - registering is completely free

Today, we're featuring the 'Expert Blog Content' section. 

Posted by Khaled Kteily on in All About Consulting

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This post is Part 3 in a five-part series on the skills you will need to succeed in consulting, and focuses on a few key things you should be doing from a logistical and personal organizational perspective. 

The series:

Part 1: Hard skills and staying organized

Part 2: Knowing your industry, client, and competitors

...

Posted by Khaled Kteily on in All About Consulting

b2ap3_thumbnail_Vault-Consulting-50.PNGOn November 7, 2012, Monitor Group's US subsidiary filed for bankruptcy and announced that Deloitte would acquire their global strategy practice. Monitor had between $100M and $500M of each assets and liabilities. On January 11, 2013, the deal went through for about $116M (according to The Economist). 

Monitor had a prestigious reputation as a boutique consulting firm with a tight-knit community and a strong collegial vibe. At Queen's University especially, it was not uncommon for candidates to turn down McKinsey, BCG, Bain and other firms to work at Monitor. 

Now let's talk numbers for a moment. How big was Monitor before the acquisition? Around $150M-$200M (my estimates could be a little off - please correct me if you have more accurate estimates). 

Posted by Khaled Kteily on in All About Consulting

b2ap3_thumbnail_2012-07-07-21.32.17-HDR-1.jpg

This post is Part 2 in a five-part series on the skills you will need to succeed in consulting, and focuses on the importance of knowing your industry, client and competitors. 

The series:

Part 1: Hard skills and staying organized

Part 2: Knowing your industry, client, and competitors

...

Here's the thing: if you work for a firm that recruits at a major school, students have probably been trained from day one to network. At schools like Queen's and Ivey, it's a well-oiled machine. 30 minutes to 6 hours after an information session, you receive a dozen politely-phrased e-mails from students requesting phone calls, coffee chats, case prep, hugs, freshly-baked cookies, inspirational life talks, and more. 

Here's the thing though - and I'll take myself as an example because my instinct is to help a student whenever possible - a consultant doesn't want to spend their time with a student who probably won't get an interview. It sounds cold, and unfair almost, but it's the truth. When you have limited time (and we all do), to a certain extent you HAVE to be selective.