MBB consulting in China
We decided to launch a new series here on StrategyCase.com that should give our readers an insight into how the consulting roles differ across firms and geographies. We reach into our network to talk to people from the McKinseys, BCGs and Bains of this world and get their perspective on their jobs and the industry.
If you have any requests for particular firms or geographies and particular questions, let us know and we will reach out to our network to conduct an interview for StrategyCase.com.
For the first post in this category, we have interviewed one of our contributors who works as a second-year consultant analyst in one of the MBBs in Shanghai, China. See the interview below!
StrategyCase.com: Where do you work? What position?
Interviewee: I work in Shanghai as a second-year consultant in one of the MBBs (McKinsey, BGG or Bain).
StrategyCase.com: What kinds of cases do you work on?
Interviewee: 80% of my cases are helping leading consumer goods companies solve strategic problems. I was also staffed on commercial due diligence and industrial goods related cases so far.
StrategyCase.com: How is the travel for Chinese top-tier consultants? Do you travel every week? How far?
Interviewee: I travel around 40-50% of the year. I could travel every week on travel cases (when clients are not based in Shanghai) but I usually prefer to stay in the client city over the weekend when traveling. Most common case locations are Beijing, Shenzhen, and Hongkong. So it’s around 2 hours by flight to get to the clients usually.
StrategyCase.com: What are your favorite travel hacks?
Interviewee: Definitely credit cards and their reward programs. We are allowed to use personal credit cards and usually, junior consultants pay for team meals, which will generate lots of mile points.
StrategyCase.com: How does a typical day look in your consultant life? (e.g., distribution between client meetings, problem solving, analytical work in excel, slide preparation etc)
Interviewee: This varies a lot depending on cases. I have PMO cases where 80% of my time is spent in client meetings/engagement and due diligence cases where 80% of the time is spent in analytical work in Excel.
StrategyCase.com: Whats the typical hours you work during the week and on Friday? How about weekend work?
Interviewee: Mon-Thurs: start at 9:30 am and finish at around 11 pm on average. Fridays end at 6-7 pm. Weekend work is very limited but we usually start responding to email on Sunday nights.
StrategyCase.com: How do you unwind during the week and on weekends?
Interviewee: Weekdays: chatting with colleagues over dinner time. It’s very common for us to have team dinner and we try to have non-work related topics. Weekends: meeting friends, reading, sports, and having nice food.
StrategyCase.com: Whats the best part of the job?
Interviewee: Working with a group smart, professional and fun people!
StrategyCase.com: What is the worst part of the job?
Interviewee: Consistently long hours. Many colleagues have back problems as a result of long sittings.
StrategyCase.com: What tip would you give applicants for your role and your firm?
Interviewee: There are basically three things: Research the firm and be well prepared for case interviews, talk to us directly to understand the firm culture and do enough mock interviews to make sure you will pass once being invited for interviews.
StrategyCase.com: What exit opportunities are you considering?
Interviewee: Strategy department in corporates.
StrategyCase.com: What have you learned on the job?
Interviewee: Too many things. Consulting is a very learning-driven job. If I summarize them as one thing, that is “how to be professional”. It is the mindset of making things to its perfection and this, of course, leads to detailed tactics/actions/executions.
StrategyCase.com: Anything else you would like to add?
Interviewee: Two more things to those who are interested in joining consulting firms. This is a tough and stressful job that you will feel being challenged every single day. In China, it is not well paid given the long hours you put in, especially in comparison to some positions in finance industry. Make sure you think these through before making final decision.