LAU Consulting Club

Consulting 101
 Meet the board

Yara Ballan Jad Hamdar Antonio Chedid

President Vice President Treasurer
INE 4th Year INE 3rd Year COE 4th Year
To BCG To BCG
 Meet the board

Jean Bou Habib Gaelle Abdelnour Jana Ali

Secretary Member at Large Marketing Associate
INE 3rd Year INE 3rd Year Marketing 3rd Year
To BCG
 01 What is management consulting?

02 Role of the LAU Consulting Club

Agenda
03 Testimonials from BCG interns

04 Q&A
The UK Department of Foreign Affairs
wants to restructure its organization.

Coca-Cola is experiencing declining profits

have been declining in recent years. They
want to find the root-cause of the profit
decline and turn the situation around.

Nike wants to launch a new line of

sneakers in Europe. They need advice
about what new products to launch.
Management consultants work on projects in a
wide range of industries…

Transportation Financial Services Automotive Oil & Gas

Health Care Travel & Tourism Media Industrial Goods

Public Sector Education Telecommunications Retail

… to help solve their problems and improve their
performance through a 3-step process

Analyse the problem Research & gather data Present solution

As a junior consultant, you will get to do a variety of
tasks
MARKET SIZING
Secondary research
BUILDING PRESENTATIONS
Forecasting
Working in PowerPoint
Writing slides
COMPETITOR ANALYSIS
Developing storylines
Secondary research
(press, analyst reports)
Competitor calls
Interviews with
management

CUSTOMER ANALYSIS
ANALYSING ORGANISATIONS
Working with research
Interviewing management FINANCIAL MODELING agencies
Understanding structures Building Excel models Interviews with
Defining algorithms management
Gathering source data
Consulting firms are typically segmented into
4 "Tiers" Tier 1 (MBB)

Tier 2

Tier 3 (Big 4)

Tier 4
What working in consulting looks like

Huge learning curve Long working hours

High impact work Tiring lifestyle (traveling)

Well compensated job Poor work-life balance

Great exit opportunities Grunt work in junior levels

MBA sponsorship

5 star connections
 Work vs. Life

Compensation & Work Life Vacations Work hard,

Benefits Balance play hard

Signing bonus: $2k to Working hours: N/A Long vacations: 4 weeks Five-Star life
$10k of paid vacation
Project lifetime: 3-9 Connections &
Performance bonuses: 2x months Projects downtime: ~ 1 networking
to 6x the salary week
Living in hotels, eating Luxurious exit
Per diems & expenses in restaurants opportunities
Shares for partners
 Consulting is one of the highest paying jobs and
has a fast career progression
Hands on work Project/People Management

Associate
$100,000 - $170,000
1 - 3 years
Junior Associate Consultant

$65,000 - $100,000 $150,000 - $230,000

2 - 3 years 1 - 3 years
Fully Funded MBA
Consulting is one of the highest paying jobs and
has a fast career progression

Project/People Management Sales

Project Leader Principal Partner

$200,000 - $300,000 $280,000 – $400,000 $500,000 - $5,000,000

2 - 3 years 2 - 3 years

You can make Partner in just 10 years!

Backup: Different firms have different
terminologies for their positions
Backup: Different firms have different
terminologies for their positions
A day in the life of a consultant holds a variety
of new challenges and rewards every day

Getting started Planning Preparation Client

meeting

Incorporate Analysis and

Case Team meeting
changes case cracking

(Team) dinner Return home Close the

day
Consulting arms you with a diverse skillset
Soft Skills Hard Skills

Pitching
Effective
and
Communication
Presentation Financial
Deck Design
Modelling
(PowerPoint)
(Excel)

Thought Time
Structuring Management
Data
Data Analysis
Visualization
(E.g.,, SQL,
(E.g., Tableau,
Python…)
Power BI…)

Client
Management
“Every year in consulting is like three years
in the corporate world because you have
multiple clients, multiple issues – you grow
so much.”

Indra Nooyi
President of Pepsi
BCG alumna
 Consultants can seize a variety of prestigious
exit opportunities

Start-ups Corporate Banking & Public sector Independent

management finance consulting
With their Former consultants Investment banking, Consultants can Consultants can
consulting often join one of private equity, achieve high start their own
background, their former clients venture capital, political roles after consulting
consultants can hedge funds leaving companies
become successful consultancies
entrepreneurs
The traditional recruiting process consists of 4 steps
Toughest part!

1ST ROUND 2ND ROUND

APPLICATION ASSESSMENT
INTERVIEWS INTERVIEWS

ToCandidate submits Candidate receives Candidate moves on to the first interview stage, and if
CV, Cover Letter, and an online assessment successful, proceeds to the second round of interviews
Transcripts to be completed
Each round usually consists of 2 interviews
A junior member of Different firms have
the firm’s team filters different types of Each interview has 2 parts: Fit, where the candidate’s
out applicants assessments (e.g., personality and “fit” with the firm’s culture is tested, and the
according to firm- online case - BCG, Case interview, where the candidate’s problem solving and
specific criteria (e.g., Imbellus Game – business acumen are tested
GPA, Leadership, Mckinsey, Logic and
Extracurriculars…) Problem Solving - Cases increase in difficulty and seniority of interviewers
Bain assigned (e.g., Managers, Partners…)
The Consulting Club aims to help LAU students
get into consulting through several initiatives

Learning about Networking with top Practicing for Case

Consulting consultants Interviews

Introductory CV pushes Talks with CV & Cover Letter Case of the

Session consultants workshops week

We are here!

Case practice Case solving

Networking workshops
sessions
events & sessions
Now enough with all this BS…
… and let’s hear from those who have done it already

Really, how bad is the workload?

What are your daily tasks exactly?

What advice would you give us?

Consulting life is fun!
Consulting life is fun!
 Your consulting career starts here!

Case Practice Sessions Networking Events Workshops

Thanks
Any questions?