1 thought on “Detailed explanation of the consultation industry, enter the consulting industry!”
Alan
In the minds of many classmates, the consulting industry is a "tall" industry. What kind of real world is hidden under its gorgeous appearance? Super Xiaojian has brought a detailed consultation industry for everyone, hoping to help you better understand the industry.
The consultation work and classification
It simply consulting is actually like a doctor of an enterprise, providing diagnosis, and the company is a patient. solution.
It, the working structure of the consulting company is usually divided into two, one refers to "Instry", such as the Financial Service, Consumer Goods, InstRial Goods, Energy, ... the other is "functionability "For example, Sales, Marketing, Pure Strategy, Finance, Business Mode, IT ...
Sales, the next time it may become the Finance of Consumer Goods, that is to say, each case will be in different combinations. After two or three years, it will no longer be a general that will gradually go to a certain Instry or It is a function closer, and everyone's expertise and direction are not increasingly different.
The differences between investment banks and consulting companies
In inside insiders, there are mainly the following differences:
money. In short, the investment bank is a lot of money (probably double the consulting company, that is, about $ 300,000 for a jumper, McKinsey is about $ 150,000) Life Style. Although the investment bank does not need Travel, its Life Style is worse than the consulting company. It is "an average of 100 hours per week" (if you consult the company, you may see the office in the office, but the "average" 100 hours) and "two weekends are two weekends. Everyone who is working in the work environment and contact with heaven. People who consult the company will not enter because of making money in this industry, but the people of investment banks pay more attention to money. In terms of learning, both places can learn a lot.
The consultant every day is completely different, usually fixed on Friday to fly back to Home Town. ), That is, basically five days in a week in a week.
. As for Life Style, you also have to see Case. Some cases are about 60 hours a week. In MCKINSEY, Manager is a case at a time. West three to four places; Life Style will also vary because of different companies or different bosses (partners). Almost, after returning, I really didn't do anything, which is about 40 to 50 hours a week; but in the Asian office, it usually takes about 60 hours, and the concept of 60 hours is to work at 9 in the morning. It is not 9 o'clock in the evening (because there are still dinner and rest time in the middle), so at least ten or eleven or seven o'clock at home, and then things do not sleep. Of course, there will be a miserable state on the case. For example, there may be 100 to 110 hours a week ...
usually in 40 ~ 50 hours or 100 ~ 110 hours. Are you doing it?
The main can be divided into:
Data Analysis → Get the information from Client or Marketing, and do Analysis with your own Team. 1 → After doing Analysis, do it with the entire Team, and there will be output after the end. 2 → Output will go with Client (will not directly follow the CEO, that's the last level), usually the first one with the client's Director or a simple one to determine some directions. 3 → Or do it with the company's partner to see if there is any problem with such Direction. If so, what needs to be changed.
This consultant Daily Work is the most important thing to surround these four links. Generally, there will be a mid -to -the -final report in the end. A briefing. Most of the time to discuss and obtain information "must also" need to client size, which is why the consultant wants to fly around.
The value of consultation and uniqueness of the "UPSide" One of Global Pay (but not compared to Banking), which is of the "UPSIDE" one of 4 consulting work. It's almost the same. Highly Exposure (To High Level Team), a young man in his thirties or even his twenties can discuss things with CEO (5 or 60) (only three kinds of people in this world have this opportunity:, Banker And politician). The very fast Career Track, from a post MBA to a partner only eight to ten years (this time can only be Manager). There are many access. The consultant will receive a lot of hunting in the third year in the second year, and it is likely to be a Strategy Director of a Fortune 500 Company.
It, the word "learning" is very important. The Team average is two or thirty years old (the youngest 22 to 23 years old just graduated from school) Fourteen years old (Director level is about fifty -year -old, the highest level is about sixty years old), this is like a young man to teach him "how to manage this company" in front of the customer, but the other party should treat the industry in the industry. After two or three decades, the consultant only started watching their Annual Report from a week ago, and even the other party could not touch any product, but they could immediately "talk" with the other party. The voice of greeting will tremble, so in the process, you can see how fast you must see the speed of learning. After training, you will get a trick after two years. Thinking and probably what the possible answer is ... These are only what you will learn in this industry.
This. Generally, the boss may do what the boss said in the past few years, and you will start doing some more professional work content later, but the consultant is from the beginning. It is like "What is the goal of this company in the next ten years? How can it be achieved?" This is one of the reasons why so many MBAs want to be a consultant as soon as they graduate.
The "DOWNSIDE" of the consultation work is very long working hours, ranging from 60 to 110 hours a week. This concept is probably at least at least at least at least at 11:2 pm, sometimes even 45 in the morning. Click, because the problem must be solved within a period of time. Regular travel may have to take the luggage every day to take a plane. When you get off the plane, talk to the customer. After the talk, make a briefing at night, and then pass it to the partner. Customers must throw out the most difficult problems, or the most difficult problem, and even often involve the issue of "politics", so when this short time solve this kind of complicated problem, the most complicated problem, Your own pressure should be very strong (this may also be UP SIDE). The unique cultural "up or out" of the consulting industry is OUT as an OUT that it has not been promoted from the consultant to Manager or Project Leader from two years to Manager or Project Leader. It has not been as OUT for five years, which means that it has a lot of pressure on every case. It takes more time to go to Maintain your interpersonal relationship, of course, it also includes family, male and female friends, etc. After the consulting company left, most of the jobs were Local Pay, which means that even if it was a foreign businessman, the money it took by Director was much worse than in other countries. Therefore, a phenomenon is that it is only in his thirties, but because at the beginning of the high salary of the consulting company, you may not be able to put yourself down to accept some job opportunities with only half or two -thirds of the original salary. The work is actually not bad, that is, it will restrict the development of some career.
. If you leave the consulting company, there are generally three major directions (whether voluntary or passive), and the first is to go to general Corporate to do Director. The work is relatively stable (Life Style is also better), but the download is that Pay may be worse (of course, which may be higher). Help him see if this company is good or not, these are the expertise. Of course, this part is very high, but the relative Life style is not so good. The third is to invest in the investment bank as an analyst to renearch, because this is also consulting. The specialty of the consultant.
It, the other part is that the consultant leaves the consulting company voluntarily to go to Instry, but it may also return to the consulting company after a while in the industry. Welcome to this way.
MBA degrees for differences in work or promotion
will there be differences in work or promotion by MBA? There is a great factors to look at the region. In the inland areas of China, there are still much worse MBA degrees. Of course, the most direct reason is that there is a Brand. Because when I want to enter the consulting company's first level, HR will affect the resume or CV (of course, it is no problem if there is a PHD that is difficult to get than the MBA).
but there are exceptions. As if in Japan, most of them have been sitting on university graduation, but the reason for this phenomenon is that because MBA studies in famous American schools are actually useless in Japan, it is actually useless However, even if most people enter the consulting company, the market is mainly based on Europe and the United States or Greater China, so it is actually critical to have an MBA degree.
Of course, the MBA degree represents not only a Brand, but also a very important part that MBA has a certain amount of "response and retreat of people and things". The gap, and there are still differences in some Business Sense, otherwise sometimes there will be difficulties in communication, so what must be possessed before the consulting company must have the basic Business Sense and Business Language.
The interview process and TIPS
The most important things when the consulting company attaches great importance to people:
did you have any way to solve the problem (PROBLEM -Solving, that is, if there is no way to solve the problem of vague, if the logic is not clear enough, you will not be able to enter the consulting company. You must be a good team collaborator (Team Player), which means that if you are a person who is used to fighting independently, it is definitely not suitable for consulting the company, because there are 60 ~ 110 hours of time in cooperation with a group of people to get along with a group of people. Essence To be able to explain or even defend your thoughts (), that is, to be able to ensure that the proposal solution is like this rather than other ways. This is why the consulting company attaches great importance to Case Interview, because only in this process, you can see if you are a person who is enough to express your thoughts. It must be absolutely no problem.
The should be reflected in the resumes in the resume as much as possible. If you have the consultation experience of related companies, it is the best. Like the following internship experience, how to get recognition (persuasion) and learn to communicate (team collaboration)
template link: consult the resume template (highlight the internship experience)
It from other project experience, you can also tap your potential. For example:
of course these three traits are observed in Case Interview. Usually, from the first level of the consulting company Interview Process to the end, at least four to five Case Interviews.
Ist part of the main suggestion of TIPS is that "Case Interview" must practice. Most of the famous school MBA has experienced at least more than 20 exercises in the school and during the interview. In addition, Summer Intern The interview process is exactly the same as Full Time Job. If Summer Intern is done well and is willing to stay, it will not be interview again, but in fact, it will be more difficult for Summer Intern to be because there are few places.
A internal introduction of the consulting industry is above! I believe you have got a lot of information. To enter the consulting company, you must prepare more case analysis in the interview. Of course, the resume is also very important as the first level of screening. Come and use the super resume to complete your resume, and many senior seniors in the industry provide modification and counseling services.
In the minds of many classmates, the consulting industry is a "tall" industry. What kind of real world is hidden under its gorgeous appearance? Super Xiaojian has brought a detailed consultation industry for everyone, hoping to help you better understand the industry.
The consultation work and classification
It simply consulting is actually like a doctor of an enterprise, providing diagnosis, and the company is a patient. solution.
It, the working structure of the consulting company is usually divided into two, one refers to "Instry", such as the Financial Service, Consumer Goods, InstRial Goods, Energy, ... the other is "functionability "For example, Sales, Marketing, Pure Strategy, Finance, Business Mode, IT ...
Sales, the next time it may become the Finance of Consumer Goods, that is to say, each case will be in different combinations. After two or three years, it will no longer be a general that will gradually go to a certain Instry or It is a function closer, and everyone's expertise and direction are not increasingly different.
The differences between investment banks and consulting companies
In inside insiders, there are mainly the following differences:
money. In short, the investment bank is a lot of money (probably double the consulting company, that is, about $ 300,000 for a jumper, McKinsey is about $ 150,000) Life Style. Although the investment bank does not need Travel, its Life Style is worse than the consulting company. It is "an average of 100 hours per week" (if you consult the company, you may see the office in the office, but the "average" 100 hours) and "two weekends are two weekends. Everyone who is working in the work environment and contact with heaven. People who consult the company will not enter because of making money in this industry, but the people of investment banks pay more attention to money. In terms of learning, both places can learn a lot.
The consultant every day is completely different, usually fixed on Friday to fly back to Home Town. ), That is, basically five days in a week in a week.
. As for Life Style, you also have to see Case. Some cases are about 60 hours a week. In MCKINSEY, Manager is a case at a time. West three to four places; Life Style will also vary because of different companies or different bosses (partners). Almost, after returning, I really didn't do anything, which is about 40 to 50 hours a week; but in the Asian office, it usually takes about 60 hours, and the concept of 60 hours is to work at 9 in the morning. It is not 9 o'clock in the evening (because there are still dinner and rest time in the middle), so at least ten or eleven or seven o'clock at home, and then things do not sleep. Of course, there will be a miserable state on the case. For example, there may be 100 to 110 hours a week ...
usually in 40 ~ 50 hours or 100 ~ 110 hours. Are you doing it?
The main can be divided into:
Data Analysis → Get the information from Client or Marketing, and do Analysis with your own Team. 1 → After doing Analysis, do it with the entire Team, and there will be output after the end. 2 → Output will go with Client (will not directly follow the CEO, that's the last level), usually the first one with the client's Director or a simple one to determine some directions. 3 → Or do it with the company's partner to see if there is any problem with such Direction. If so, what needs to be changed.
This consultant Daily Work is the most important thing to surround these four links. Generally, there will be a mid -to -the -final report in the end. A briefing. Most of the time to discuss and obtain information "must also" need to client size, which is why the consultant wants to fly around.
The value of consultation and uniqueness of the "UPSide" One of Global Pay (but not compared to Banking), which is of the "UPSIDE" one of 4 consulting work. It's almost the same. Highly Exposure (To High Level Team), a young man in his thirties or even his twenties can discuss things with CEO (5 or 60) (only three kinds of people in this world have this opportunity:, Banker And politician). The very fast Career Track, from a post MBA to a partner only eight to ten years (this time can only be Manager). There are many access. The consultant will receive a lot of hunting in the third year in the second year, and it is likely to be a Strategy Director of a Fortune 500 Company.
It, the word "learning" is very important. The Team average is two or thirty years old (the youngest 22 to 23 years old just graduated from school) Fourteen years old (Director level is about fifty -year -old, the highest level is about sixty years old), this is like a young man to teach him "how to manage this company" in front of the customer, but the other party should treat the industry in the industry. After two or three decades, the consultant only started watching their Annual Report from a week ago, and even the other party could not touch any product, but they could immediately "talk" with the other party. The voice of greeting will tremble, so in the process, you can see how fast you must see the speed of learning. After training, you will get a trick after two years. Thinking and probably what the possible answer is ... These are only what you will learn in this industry.
This. Generally, the boss may do what the boss said in the past few years, and you will start doing some more professional work content later, but the consultant is from the beginning. It is like "What is the goal of this company in the next ten years? How can it be achieved?" This is one of the reasons why so many MBAs want to be a consultant as soon as they graduate.
The "DOWNSIDE" of the consultation work is very long working hours, ranging from 60 to 110 hours a week. This concept is probably at least at least at least at least at 11:2 pm, sometimes even 45 in the morning. Click, because the problem must be solved within a period of time. Regular travel may have to take the luggage every day to take a plane. When you get off the plane, talk to the customer. After the talk, make a briefing at night, and then pass it to the partner. Customers must throw out the most difficult problems, or the most difficult problem, and even often involve the issue of "politics", so when this short time solve this kind of complicated problem, the most complicated problem, Your own pressure should be very strong (this may also be UP SIDE). The unique cultural "up or out" of the consulting industry is OUT as an OUT that it has not been promoted from the consultant to Manager or Project Leader from two years to Manager or Project Leader. It has not been as OUT for five years, which means that it has a lot of pressure on every case. It takes more time to go to Maintain your interpersonal relationship, of course, it also includes family, male and female friends, etc. After the consulting company left, most of the jobs were Local Pay, which means that even if it was a foreign businessman, the money it took by Director was much worse than in other countries. Therefore, a phenomenon is that it is only in his thirties, but because at the beginning of the high salary of the consulting company, you may not be able to put yourself down to accept some job opportunities with only half or two -thirds of the original salary. The work is actually not bad, that is, it will restrict the development of some career.
In consulting the company's way out
It in two directions:
三年就会是Project Leader，也就是领导一个Team，在两到三年是Principal（Manager），在那之后要开始自己培养客户，自己开始跟客户建立关系，再进一步成为Partner就是要为公司带Enter DEAL;
. If you leave the consulting company, there are generally three major directions (whether voluntary or passive), and the first is to go to general Corporate to do Director. The work is relatively stable (Life Style is also better), but the download is that Pay may be worse (of course, which may be higher). Help him see if this company is good or not, these are the expertise. Of course, this part is very high, but the relative Life style is not so good. The third is to invest in the investment bank as an analyst to renearch, because this is also consulting. The specialty of the consultant.
It, the other part is that the consultant leaves the consulting company voluntarily to go to Instry, but it may also return to the consulting company after a while in the industry. Welcome to this way.
MBA degrees for differences in work or promotion
will there be differences in work or promotion by MBA? There is a great factors to look at the region. In the inland areas of China, there are still much worse MBA degrees. Of course, the most direct reason is that there is a Brand. Because when I want to enter the consulting company's first level, HR will affect the resume or CV (of course, it is no problem if there is a PHD that is difficult to get than the MBA).
but there are exceptions. As if in Japan, most of them have been sitting on university graduation, but the reason for this phenomenon is that because MBA studies in famous American schools are actually useless in Japan, it is actually useless However, even if most people enter the consulting company, the market is mainly based on Europe and the United States or Greater China, so it is actually critical to have an MBA degree.
Of course, the MBA degree represents not only a Brand, but also a very important part that MBA has a certain amount of "response and retreat of people and things". The gap, and there are still differences in some Business Sense, otherwise sometimes there will be difficulties in communication, so what must be possessed before the consulting company must have the basic Business Sense and Business Language.
The interview process and TIPS
The most important things when the consulting company attaches great importance to people:
did you have any way to solve the problem (PROBLEM -Solving, that is, if there is no way to solve the problem of vague, if the logic is not clear enough, you will not be able to enter the consulting company. You must be a good team collaborator (Team Player), which means that if you are a person who is used to fighting independently, it is definitely not suitable for consulting the company, because there are 60 ~ 110 hours of time in cooperation with a group of people to get along with a group of people. Essence To be able to explain or even defend your thoughts (), that is, to be able to ensure that the proposal solution is like this rather than other ways. This is why the consulting company attaches great importance to Case Interview, because only in this process, you can see if you are a person who is enough to express your thoughts. It must be absolutely no problem.
The should be reflected in the resumes in the resume as much as possible. If you have the consultation experience of related companies, it is the best. Like the following internship experience, how to get recognition (persuasion) and learn to communicate (team collaboration)
template link: consult the resume template (highlight the internship experience)
It from other project experience, you can also tap your potential. For example:
of course these three traits are observed in Case Interview. Usually, from the first level of the consulting company Interview Process to the end, at least four to five Case Interviews.
Ist part of the main suggestion of TIPS is that "Case Interview" must practice. Most of the famous school MBA has experienced at least more than 20 exercises in the school and during the interview. In addition, Summer Intern The interview process is exactly the same as Full Time Job. If Summer Intern is done well and is willing to stay, it will not be interview again, but in fact, it will be more difficult for Summer Intern to be because there are few places.
A internal introduction of the consulting industry is above! I believe you have got a lot of information. To enter the consulting company, you must prepare more case analysis in the interview. Of course, the resume is also very important as the first level of screening. Come and use the super resume to complete your resume, and many senior seniors in the industry provide modification and counseling services.