Articles

Why McKinsey, BCG and Bain are considered the top-tier consulting firms

There are thousands of management consulting firms around. However, the air at the top is very thin, with three players competing for the crown. McKinsey & Company, Boston Consulting Group and Bain & Company are universally acclaimed as the top firms in the consulting universe. Why is that so?   Top clients The triumvirate in…
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The management consulting hierarchy explained

Pyramid structure and up-or-out Most management consulting firms share the same basic pyramid structure when it comes to hierarchies of their consulting staff. While we find many analysts at the base of the pyramid, the top is made up of the most senior partners of the firm. This deliberate structure is aligned to the project…
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3 different types of case interviews

Consultancies employ a number of different types of case questions to screen applicants in case interviews. Below you find the three most common ones. Brainteaser A brainteaser is the umbrella term for a number of different, usually quite short questions that test your analytical capabilities in a case interview. Your goal is to grasp, structure…
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Why companies hire management consultants

Hiring management consultants is expensive, especially when companies engage top-tier strategy firms such as McKinsey, Boston Consulting Group or Bain. The price tag for typical projects can range from USD 1mn to 10mn. So why are companies willing to pay a large premium for this external advice. Below are the 5 key reasons.   Outside…
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Why consultancies use case interviews to select employees

Top-tier management consultancies employ multiple case interviews to select their employees. In practice, you will have 3 to 6 interviews with different consultants of the firm who ask you to solve real-life business problems. Beforehand, the company screens your vita to establish that you have the potential to be a good candidate. In the interviews,…
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How to kick-off a new consulting project

Starting a new project is always a challenging endeavor and the first week or two will likely be a bit chaotic until your team settles in, you have familiarized yourself with the project, and the clients know you are around. There are several things you can do to ease this process and set yourself up…
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How consulting projects are staffed

Staffing is a science of its own. It is important to understand how it works because getting on a good project is one of the key drivers of your work-life balance. Additionally, you want to make sure to gain exposure to topics you like to work on or people you like to work with. Therefore…
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Downsides of working as a management consultant

Management consulting is not all rainbows and butterflies. The work and lifestyle can come with some severe downsides. We break them down for you!   Long hours. On average, you will definitely work much longer than your industry peers (unless they are in banking). On a typical Monday to Friday you will work roughly 12-14h…
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Benefits of working as a management consultant

Management consulting comes with a lot of unique upsides. We break them down for you:   Rich experiences. As a consultant, you will travel the world and, depending on the engagement, you will see places and have experiences at a very young age that other people will never see or have in their lifetime. This includes…
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4 typical tasks of consulting analysts

There are many myths running around the internet about what entry level consultants actually do on the job. The most common – probably originating from other industries where this might be the case – is that they work only on mundane and simple tasks. Nothing could be further from the truth. Once you are up…
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