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Blog posts tagged in BCG

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. 

Posted by Khaled Kteily on in All About Consulting

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Many students in Canada don't know that Montreal used to be the economic powerhouse of Canada. It was only after fears that Quebec might secede, that many companies moved their offices to Toronto - today, the major consulting firms all have a presence in Toronto.  

As most McGill students know, the Montreal consulting space has been fairly limited to McKinsey, Oliver Wyman, Accenture, and Deloitte. Major firms like BCG, Bain, and Monitor simply didn't have any offices here. 

Interestingly, however, this has been changing. In 2012, BCG opened a new Montreal office, and ramped up recruiting in nearby universites (McGill, HEC, etc.). Just a few months ago, Roland Berger - historically a European-centric company - opened an office in Montreal as well. KPMG bought out the Montreal-based Secor. And the word is that other consulting firms growing their operations in the city (click through to read more).

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: 

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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

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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.

Posted by Khaled Kteily on in Success Stories

Yet another McGill success story - this Finance student reached out to me after using The MCN's resources to prep for their consulting interviews. They received and accepted an offer from BCG in 2012. They've shared some great advice for prospective interviewees as well as some insight into why consulting and why BCG.

Posted by Khaled Kteily on in Networking & Reputation

In January 2010, I interviewed with BCG for an internship position. I was still in that awkward case preparation phase where you know what you're "supposed" to say but not where you're comfortable to say "screw the formulas" and just approach the case with your own methodology.

My first case was the definition of awkward case student trying to follow the right procedures. I distinctly remember asking the question "can you tell me a little bit more about the competitive landscape for our client?" (If you don't know why this is a bad question to ask, look at the bottom of this post) as well as "Are there any barriers to exit?" (Without really knowing what that meant). I eventually stumbled my way to a passable answer, but it was overall a weak performance. In my second case, I wiped my mind clean of Case in Point and just approached the case in a way that made sense to me, and that went a lot better.

I didn't make it to the final round, and unsurprisingly, the feedback I got was that my approach to the first case was too forced and 'pre-packaged'. Still, I was still intent on re-interviewing for a final-round interview, and I knew that for full-time I was going to have to fight for one of ~8 first-round interviews.

In July (as I was hitting the case books hard), I reached out to both of my internship interviewers to ask if we could have a quick chat about consulting and BCG. Two weeks passed and I didn't hear back from either - I sent a follow-up e-mail to my second interviewer, which I was comfortable doing because we had connected well during the interview. Still, another week passed with no response and I was getting anxious. Finally, a week later I heard back from one and then two days later, the other. We talked about the interview preparation process, my interest in consulting, and their work experiences. Before I sent in my applications for September, I sent e-mails to both to thank them once again for their time and to let them know that I had applied and was looking forward to hearing back from BCG.

I can't say for certain whether that made a difference in my application, but I later heard that I had been put on a list of 'students with potential', was invited to a dinner with a partner and a couple of consultants, and ultimately did get the first-round interview.

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Posted by Khaled Kteily on in Preparing Your Applications

 

Your application is comprised of 3 documents - your resume, your cover letter, and your unofficial transcript. These are your only representation, and so you need to make sure that each and every one of these documents represents you in the best light possible. You don't have control over your transcript (beyond doing well in your classes!) but you do control what your CV and CL say.