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Blog posts tagged in Bain

Posted by Khaled Kteily on in Interviews

A recent blog post from Bain Voices is a description from a new consultant on the types of cases that she faced in her first- and second-round interviews at Bain & Company. Unlike many more, marketing-speak postings from firms, I found it provided real insight into the types of interviews you can expect to face. She breaks it out into four types of cases:

b2ap3_thumbnail_rubiks-cube.jpg

1. The Seemingly-Easy Question

“Would it be profitable for us to open MyPizzaCo to compete with PopularPizzaCo around the corner from here?”

2. The Charts & Data Overload Question 

...

Posted by Khaled Kteily on in Interviews

A recent blog post from Bain Voices is a description from a new consultant on the types of cases that she faced in her first- and second-round interviews at Bain & Company. Unlike many more, marketing-speak postings from firms, I found it provided real insight into the types of interviews you can expect to face. She breaks it out into four types of cases:

b2ap3_thumbnail_rubiks-cube.jpg

1. The Seemingly-Easy Question

“Would it be profitable for us to open MyPizzaCo to compete with PopularPizzaCo around the corner from here?”

2. The Charts & Data Overload Question 

...

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. 

I recently read an article on The Verge discussing various 'gentleman's agreements' between the major tech companies. Fascinating to see the insider's perspective on this - as well as copies of the actual e-mails sent to and from top execs at Apple, Google, Adobe, etc. 

Steve Jobs, for example, writes an e-mail to Ed Colligan, the President and CEO of Palm at the time, stating that their recruiting techniques were "not satisfactory to Apple". 

It's well worth the read, and gets you thinking; do consulting firms have similar agreements in place? You don't hear much about consultants being poached between one firm and another (at least below the partner level). Is this intentional or due to other factors? 

I suspect there's a couple of factors at play here: 

...

Posted by Khaled Kteily on in All About Consulting

Management Consulted has recently published a list of salaries at major consulting firms (one of the most interesting posts they come out with once or twice a year). Without commenting on the accuracy on any of these, I'd like to reproduce some snippets their blog post below:

For undergraduate students, take a look at the following numbers, organized by total base + signing bonus figures (ordered by total in Canada):

  1. Oliver Wyman: $75k base with $10k signing bonus ($85k)
  2. Bain: $70-75k base with $5k-$7k signing bonus ($75k-$82k)
  3. Booz: $72k base with $5k signing bonus ($77k)
  4. BCG: $72.5k base with $5k signing bonus ($77.5k)
  5. Accenture: $67-$68k base with an $8k-$10k signing bonus ($75k-78k)
  6. McKinsey: $70k base with $5-6k signing bonus ($75k-$76k)
  7. A.T. Kearney: $65k ($70k in Toronto) base with $5k signing bonus ($75k)
  8. Deloitte: $72.5k base ($60k in Canada) with $10k ($3k in Canada) signing bonus ($63k)

A few interesting notes:

1. Oliver Wyman has the highest base and signing combined

...

A thank you to Nevin Kamath from The Case Coach for his post about this data. Take a look at the following chart to see the results of a Bain case study and click through to get some further insight into the ups and downs of the consulting lifestyle.

 

Posted by Khaled Kteily on in Networking & Reputation

Unfortunately, getting the interview doesn't always mean getting the offer or even the final round. The following is an excerpt from an e-mail exchange with a Political Science student who used The MCN's resources to secure interviews with McKinsey, BCG, and Bain. While things didn't work out, you can learn from his experiences.