Professional Documents
Culture Documents
This guide covers what you need to know about becoming a Management
Consultant.
It’s true. Regardless of your background, you actually don’t need to be an obsessed
business guru or the next Albert Einstein to land a role at a top consulting firm. Regardless
of what you’ve read or heard, being the “perfect candidate” is all just a myth.
But I am saying you need to have graduated from a real University where lectures and class
room tutorials are part of the curriculum. There are a lot of pseudo education schools out
there that offer a variety of courses but in reality don’t teach their students real world skills.
A consulting firm will scan the University you graduated from and likely know if it was a
legitimate institution or not. That being said, if you went to an actual University and
graduated then you’re definitely in the game of getting hired.
Before we go further though, it is important to stress this guide equally applies to those
wishing to apply either as a graduate or a lateral entry Management Consultant (i.e those
who already have several years work experience).
Sometimes it’s easy to forget that to a large extent you already have a lot of information
ready at your fingertips. LinkedIn is a great repository for analysing what type of people
are being hired into Management Consulting firms and it can give you a clue as to how to
get there yourself.
Everyone reading this guide is likely to be at a different stage of their career but LinkedIn
will help you understand what consulting firms are looking for and give you an indication
as to what you may be missing in your own CV that needs attention. Use LinkedIn to your
advantage and research the background of existing Management Consultants as much
as possible so you can start to think about how you’d approach your own successful
application.
However, doing research on exiting consultants just doesn’t end there. If you haven’t done
so already, I highly recommend doing research of the major well known consulting firms
in your country (and maybe in the state you’re living in). Let’s assume the KPMG office in
New York just secured a major government contract. We’ll the chances they’ll need
consultants to support that engagement would be high.
If you don’t already have a CV, or have one that needs updating then I’d highly recommend
hiring a professional to help you. A CV is your sales pitch to get into a consulting firm and if
it’s not perfect you could easily be looked over in favour of other candidates.
Market places like Fiverr, Upwork or Freelancer all offer access to professional CV
content writers who are excellent at their work and can tailor your CV towards applying
for a role in a consulting firm. The best part is these services are also relatively
inexpensive so make sure you take advantage of them!
University Qualifications
We’ve already covered this topic a bit in the ‘Myth’ section however it’s important to have
your University qualifications listed up front at the top of your CV.
Now before we go further here’s a secret no one else will tell you which is important to
remember. If your intention is to get into to the so called ‘top three’ Management
Consulting firms (McKinsey, Bain or BCG) then you’ll need a minimum Masters degree
with top marks or a PhD. Yes, they will still accept you if you only have a Bachelors but
new hires with only that degree are usually rare and if they do hire you with only a
Bachelors it likely means you graduated with perfect marks.
Following on from the above, here’s another secret consulting hiring managers won’t tell
you. While they will always look for the type of university qualification you have, they’re
also looking for other top tier certifications that will make you more employable. For
example, nearly all strategy consulting firms have a digital and IT team that focus on IT
strategy in addition to business strategy. Therefore, I’d recommend you also do a course
that will educate you with transferable skills.
Not sure what to write? Outsource the content writing of your LinkedIn profile to an expert
on Fivver, Upwork or Freelancer who can help you put it together. Don’t forget to also hire
someone to take a business professional photo of you for your profile page. Remember,
every little attention to detail on your LinkedIn will be scrutinized by a hiring manager so
it’s important you convey a professional image that implies you’re serious about working
for a tier one firm and their clients.
Ring the HR team and find out when they are. Attend them and network there the same
way as you would when attending a career show. Use these opportunities to gather as
much information about the firm and the office you’re hiring for. Also, have a list of
questions prepared to ask the firm’s hosts at these events. Find out about their culture,
growth industries they’re targeting in addition to asking them their personal opinion on
what makes a great Management Consultant. Their answer will give you the exact details
of the type of candidate they’re looking for!
A screening call is a phone call from the firm’s HR representative who will likely test the
information you supplied in your CV and ask you any clarifying questions about your
academic studies or work history. Always treat this call as a serious and formal interview
because the HR team act as the filter throughout the entire recruitment process and may
determine you’re not ready to proceed to a face to face interview.
If you do make it to interview then it will likely be with a senior firm representative such as
a Partner. Always take a copy of your CV and make sure you do your research on the firm
you’ve applied for and the person who will be asking the questions (you will know who
will interview you as you’ll be told by HR).
Arrive at the interview 10 minutes early and always look polished in formal business attire
to demonstrate you’re serious about the role. There’s a lot of detail on the internet
(particularly YouTube) on interviewing techniques so make sure you learn and practice
how to answer questions and ask questions appropriately back in response.
If you’re interested, a great book for handling interviews is The 250 Job Interview
Questions You’ll Likely Be Asked by Peter Veruki. It’s a bit dated now but I’ve had it by my
side throughout my entire consulting career and it helped me on every single occasion
with my interview practice.
There are usually two types of case studies. A hypothetical case study
is where you have to answer an abstract question such as “how many
golf courses are in the United States?”. A situational case study is
more lifelike. It’s where you’ll probably get asked something like “how
should company X reduce its operating costs?”.
These two case study types can be seemingly hard to answer but
easy to master as long as you have the right knowledge
fundamentals. Firstly, you need to have a good comprehension of
business acumen. Do you know the difference between profit and
revenue? How does a business work exactly? What are the ways a
business can make more money?
Like all challenges, the key to passing the case study is to practice as
much as possible. Next time you’re in a café ask yourself what type of
business challenges that café may have in order to operate. Do they
have a lot of competition in the area? What is their core service
offering? What are the unique ways that café could attract more
customers? Are there any external issues that may prevent more
customers from coming in? An example would be if customers don’t
have access to car parking. Lastly, local council laws may prevent the
café from allowing customers to be seated on tables directly outside
the café on the street.
As you can see from the above example, all these issues are
problems that businesses face on a daily basis. In the corporate world
it’s also no different and the problems are still the same, albeit on a
much larger scale.
The point here is that it’s important to practice your business case
study analysis techniques as much as possible. Start practicing as
soon as you finish this guide and continue practicing all the way up to
the case study interview itself. Remember, this guide is all about giving
you the edge over other candidate. Improving your business acumen
is perhaps one of the most important ways to do this.
The final step in the hiring process is usually a final interview with the hiring Partner and
the hiring manager. This gives you an opportunity for you to find out more about the firm
and assess if it will be a good fit for you from a career and cultural point of view. On the
other side, the hiring Partner will also be using the final interview as an opportunity to
determine if you’re the type of consultant they could work with and have on their team.
Ensure you treat these final interviews seriously. I know many candidates who were too
relaxed in the final interview thinking they were going to be offered a role after completing
the case study only to be rejected because the hiring Partner didn’t like them. Working for
a tier-one consulting firm is just as much about teamwork and culture as it is about
excellence and prestige.
As an example, I once worked with a consultant who was an expert mathematician in the
Theory of Elasticity (if you don’t know what that is then I highly recommend researching it).
They knew just about everything there is to know about Microsoft Excel and were therefore
able to develop highly complex elastic models for their clients using Excel spreadsheets.
This consultant didn’t have great consulting skills, nor did they obtain genius-level grades
at University. However, their knowledge of elastic modelling and Excel made them an
invaluable resource for the consulting firm because that specific mathematical skill was in
high demand from the firm's clients.
As you research the Management Consulting industry have a think about the value you can
add to a consulting firm. The above example about the mathematician may be a bit
extreme. However, you may be an expert in public speaking, project management or you
may have unique expertise in a specific field such as workforce change and behaviour. If
so, then make sure you highlight your ‘value’ when developing your CV. Doing so will likely
catch the attention of the hiring manager and help get you to at least a screening call.
Remember how I said I interviewed at both Accenture and BCG? Both interview
opportunities came through a talent agency. To find a talent agency that’s connected with
a consulting firm, look up the hiring manager of the firm you’re wanting to apply to on
LinkedIn and try and find who their connections are.
If you do your research properly you’ll be able to make a short list of the talent
agencies they’ve partnered with. Once you’ve found out the names of the
agencies then the next step is to call them directly and ask if they’re looking to
place candidates into any consulting firms.