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Welcome to the Evisors Webinar
Visit us online at www.evisors.com
Becoming a Consultant: Targeting the job, Getting the
job, and Succeeding at being a consultant
featuring
Ben Schumacher
Hosted by: Career Advisors on Demand.
.com/webinars
Becoming a Consultant
About Ben
Targeting the Job
Getting the Job
Succeeding as a consultant
Q&A
Hosted by: Career Advisors on Demand.
.com/webinars
About Ben
ā€¢ Kentucky native ā€“ Go Wildcats
ā€¢ Washington University in St. Louis grad
ā€¢ 2006-2009 Deloitte Consulting, Strategy & Operations,
top of my peer group
ā€¢ 2009 Instituto Exclusivo, Bolivia, Internal Consultant
ā€¢ 2009 ā€“ 2011 Harvard Business School grad w/ Honors
ā€¢ Summer 2010 McKinsey & Company
ā€¢ Independent consultant for organizations such as Save
the Children and Achievement First Charter Schools
ā€¢ 2011+ Teach For America, Leadership Fellow and
Director of Strategy
ā€¢ 2012 Teach For America, Managing Director of
Leadership Development
ā€¢ Avid Words with Friends/Scrabble competitor
Hosted by: Career Advisors on Demand.
.com/webinars
Becoming a Consultant
About Ben
Targeting the Job
Getting the Job
Succeeding as a consultant
Q&A
Hosted by: Career Advisors on Demand.
.com/webinars
Overview of the Consulting Industry
The Big Three
ā€¢ McKinsey & Company
ā€¢ BCG
ā€¢ Bain
Traditional Firms
ā€¢ Monitor
ā€¢ Booz & Co
ā€¢ A.T. Kearney
ā€¢ L.E.K.
Independents
ā€¢ ā€¦Too many to name!
Boutique/Niche
ā€¢ Corporate Executive
Board
ā€¢ William H Mercer
ā€¢ Parthenon
ā€¢ CMF
Diversified MegaFirms
ā€¢ Deloitte
ā€¢ Accenture
ā€¢ IBM
ā€¢ Other accounting firms
Internal Corporate Groups
ā€¢ PepsiCo
ā€¢ AMEX
ā€¢ Disney Institute
ā€¢ TFA?
ā€¢ Etc
Hosted by: Career Advisors on Demand.
.com/webinars
How to Research the Industry
ā€¢ Company website
ā€¢ Vault Guides
ā€“ Career Guide to Consulting
ā€“ Top 50 Consulting Firms
ā€¢ Wetfeet guide
ā€¢ Career Services and Clubs
ā€¢ Classmates, alumni, family
ā€¢ Regional conferences and networking events
ā€¢ External news source ā€“ set up Google alerts too!
ā€“ The Economist
ā€“ Wall Street Journal
ā€“ Financial Times
Hosted by: Career Advisors on Demand.
.com/webinars
What are Firms Looking For?
ā€¢ A habit of excellence and impact
ā€¢ Evidence of strong leadership capability
ā€¢ Project and people management ability
ā€¢ Facility with analytics and critical thinking
ā€¢ Strong communication skills for client leadership
ā€¢ Global and/ industry / company experience
ā€¢ Immediate deployability
ā€¢ A proactive disposition
ā€¢ Ability to work hard, work fast, and work with a view to the ā€œ80-20ā€
ā€¢ Cultural fit
ā€¢ The airport test
ā€¢ People that are awesome
Hosted by: Career Advisors on Demand.
.com/webinars
What to Expect in the Recruiting Process
ā€¢ The courting process ā€“ ā€œitā€™s not you, itā€™s meā€
ā€¢ Info sessions
ā€¢ Campus representatives ā€“ usually early consultants
ā€¢ Networking galore: phone calls, coffee chats,
happy hours, thank-you notes ā€“ proactive
networking is critical for students at non-target
schools
ā€¢ Mock case interviews, depending on campus
ā€¢ A buddy system
ā€¢ Note: Really varies by campus. Some campuses
feature well-established relationships and
methodical recruiting processes. Others require a
more bottom-up network-focused job search
Hosted by:See the rest at evisors.com/webinars/webinar/53
Recruiting: Your Checklist
ā€¢ Cast a wide net
ā€¢ Choose the ā€œrightā€ office (hint: some offices are easier to get
accepted to than others due to supply/demand)
ā€¢ Show your leadershipā€¦in a very humble way
ā€¢ Get on the ā€œhigh-potentialā€ list
ā€¢ Attend every event to indicate strong interest (and make the
recruiting/interview process more personal)
ā€¢ Send thoughtful, personal thank-you notes to those you
meetā€¦and then FOLLOW UP to deepen the relationship
ā€¢ Hunt for personal and people-based reasons to want to join
the firm
ā€¢ Consider every interaction an interview
Hosted by:See the rest at evisors.com/webinars/webinar/53
Becoming a Consultant
About Ben
Targeting the Job
Getting the Job
Succeeding as a consultant
Q&A
Hosted by:See the rest at evisors.com/webinars/webinar/53
Resumes and Cover Letters
ā€¢ A flawless resume
ā€“ What differentiates you? How are you distinctive? (hint:
compare yourself to others)
ā€“ What impact and specific results have you had? (hint:
reference numbers)
ā€“ Strong action verbs (hint: led, managed, designed, etc.)
ā€“ Flawless formatting, spelling, and grammar
ā€“ Multiple revisions and reviews
ā€¢ A compelling cover letter
ā€“ 1st paragraph: The firm: why are you personally interested?
ā€“ 2nd paragraph: You: why are you a great candidate (summative
info, immediate deployability ā€“ NOT a repeat of resume)
ā€“ 3rd paragraph: 2-3 sentences to close
Hosted by:See the rest at evisors.com/webinars/webinar/53
What to Expect in the Interview
ā€¢ 1st Round: on-campus for target schools; phone
screening for non-target schools
ā€¢ Final rounds in-person, usually a 45-minute 1-on-1
behavioral and case interview
ā€¢ Fit/Behavioral questions ā€“ SARL framework
ā€“ Walk me through your resume
ā€“ Why consulting? Why our company?
ā€“ Tell me about a time whenā€¦be ready for the drilling!
ā€¢ Hint: Use the MATRIX- SARL over Candidate Qualities
ā€“ What questions do you have for me?
ā€¢ Two things not to forget: Up on news & and a
immediate thank-you
Hosted by:See the rest at evisors.com/webinars/webinar/53
What to Expect in the Interview: The Case
ā€¢ Case Interview
ā€“ Market sizing: Whatā€™s the market for beer in the UK?
ā€“ Strategy: New market, new product, M&A, pricing, competitive
dynamics, etc
ā€¢ Case Interview top tips by phase:
ā€“ Intro: Synthesis, on summary; Clarify objectives
ā€“ Framework: Appropriate breadth/depth; common ā€œbucketsā€
include financial/economics and context/environment
ā€“ Math: Framework-ize, Verbalize and Organize
ā€“ Post-Math: Qualitative Factors
ā€“ Conclusion: Top-down communication and icing on the cake
(risk factors or next steps)
Hosted by:See the rest at evisors.com/webinars/webinar/53
Becoming a Consultant
About Ben
Targeting the Job
Getting the Job
Succeeding as a consultant
Q&A
Hosted by:See the rest at evisors.com/webinars/webinar/53
Succeeding as a Consultant
ā€¢ Be proactive and forward-thinking ā€“ see big picture
and go above and beyond to help achieve it
ā€¢ Find the right coattails
ā€¢ Establish your niche
ā€¢ Network broadly and intentionally ā€“ and donā€™t avoid
play time
ā€¢ Become immediately proficient with Microsoft tools
ā€¢ Lead an ā€œextracurricularā€
ā€¢ Send relevant news tidbits to team
ā€¢ Accept your first study and dominate it to establish
your reputation as a rock-star
Hosted by:See the rest at evisors.com/webinars/webinar/53
Becoming a Consultant
About Ben
Targeting the Job
Getting the Job
Succeeding as a consultant
Q&A
Hosted by:See the rest at evisors.com/webinars/webinar/53
Questions & Answers
Question 1:
Describe the training options you had while
working in consulting.
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Questions & Answers
Question 2:
What are some of the personal/professional
challenges faced in the consulting world?
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Questions & Answers
Question 3:
Do you need to be in a specialized field to
get into consulting?
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Questions & Answers
Question 4:
How many years of experience does it take
to become a consultant?
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Questions & Answers
Question 5:
If someone had 6 years of supply chain
experience, what is their advantage when
interviewing in management consulting?
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Questions & Answers
Question 6:
What interpersonal qualities wold a
consultant ideally have?
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Questions & Answers
Question 7:
Should a resume be lengthy or precise?
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Questions & Answers
Question 8:
Would it be a good strategy to apply for the
top consulting firms outside the country of
origin?
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Questions & Answers
Question 9:
Do university recruiters have quotas when
hiring for specific demographics?
Hosted by:
See the answer at evisors.com/webinars/webinar/53
Thanks for Joining!
Book your session with Ben at
www.evisors.com/expert/381
Check out Benā€™s book
The Best Book On HBS Admissions
at www.applyingtohbs.com
Hosted by:See the rest at evisors.com/webinars/webinar/53

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Consulting from Offer to Career Success

  • 1. Welcome to the Evisors Webinar Visit us online at www.evisors.com Becoming a Consultant: Targeting the job, Getting the job, and Succeeding at being a consultant featuring Ben Schumacher Hosted by: Career Advisors on Demand. .com/webinars
  • 2. Becoming a Consultant About Ben Targeting the Job Getting the Job Succeeding as a consultant Q&A Hosted by: Career Advisors on Demand. .com/webinars
  • 3. About Ben ā€¢ Kentucky native ā€“ Go Wildcats ā€¢ Washington University in St. Louis grad ā€¢ 2006-2009 Deloitte Consulting, Strategy & Operations, top of my peer group ā€¢ 2009 Instituto Exclusivo, Bolivia, Internal Consultant ā€¢ 2009 ā€“ 2011 Harvard Business School grad w/ Honors ā€¢ Summer 2010 McKinsey & Company ā€¢ Independent consultant for organizations such as Save the Children and Achievement First Charter Schools ā€¢ 2011+ Teach For America, Leadership Fellow and Director of Strategy ā€¢ 2012 Teach For America, Managing Director of Leadership Development ā€¢ Avid Words with Friends/Scrabble competitor Hosted by: Career Advisors on Demand. .com/webinars
  • 4. Becoming a Consultant About Ben Targeting the Job Getting the Job Succeeding as a consultant Q&A Hosted by: Career Advisors on Demand. .com/webinars
  • 5. Overview of the Consulting Industry The Big Three ā€¢ McKinsey & Company ā€¢ BCG ā€¢ Bain Traditional Firms ā€¢ Monitor ā€¢ Booz & Co ā€¢ A.T. Kearney ā€¢ L.E.K. Independents ā€¢ ā€¦Too many to name! Boutique/Niche ā€¢ Corporate Executive Board ā€¢ William H Mercer ā€¢ Parthenon ā€¢ CMF Diversified MegaFirms ā€¢ Deloitte ā€¢ Accenture ā€¢ IBM ā€¢ Other accounting firms Internal Corporate Groups ā€¢ PepsiCo ā€¢ AMEX ā€¢ Disney Institute ā€¢ TFA? ā€¢ Etc Hosted by: Career Advisors on Demand. .com/webinars
  • 6. How to Research the Industry ā€¢ Company website ā€¢ Vault Guides ā€“ Career Guide to Consulting ā€“ Top 50 Consulting Firms ā€¢ Wetfeet guide ā€¢ Career Services and Clubs ā€¢ Classmates, alumni, family ā€¢ Regional conferences and networking events ā€¢ External news source ā€“ set up Google alerts too! ā€“ The Economist ā€“ Wall Street Journal ā€“ Financial Times Hosted by: Career Advisors on Demand. .com/webinars
  • 7. What are Firms Looking For? ā€¢ A habit of excellence and impact ā€¢ Evidence of strong leadership capability ā€¢ Project and people management ability ā€¢ Facility with analytics and critical thinking ā€¢ Strong communication skills for client leadership ā€¢ Global and/ industry / company experience ā€¢ Immediate deployability ā€¢ A proactive disposition ā€¢ Ability to work hard, work fast, and work with a view to the ā€œ80-20ā€ ā€¢ Cultural fit ā€¢ The airport test ā€¢ People that are awesome Hosted by: Career Advisors on Demand. .com/webinars
  • 8. What to Expect in the Recruiting Process ā€¢ The courting process ā€“ ā€œitā€™s not you, itā€™s meā€ ā€¢ Info sessions ā€¢ Campus representatives ā€“ usually early consultants ā€¢ Networking galore: phone calls, coffee chats, happy hours, thank-you notes ā€“ proactive networking is critical for students at non-target schools ā€¢ Mock case interviews, depending on campus ā€¢ A buddy system ā€¢ Note: Really varies by campus. Some campuses feature well-established relationships and methodical recruiting processes. Others require a more bottom-up network-focused job search Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 9. Recruiting: Your Checklist ā€¢ Cast a wide net ā€¢ Choose the ā€œrightā€ office (hint: some offices are easier to get accepted to than others due to supply/demand) ā€¢ Show your leadershipā€¦in a very humble way ā€¢ Get on the ā€œhigh-potentialā€ list ā€¢ Attend every event to indicate strong interest (and make the recruiting/interview process more personal) ā€¢ Send thoughtful, personal thank-you notes to those you meetā€¦and then FOLLOW UP to deepen the relationship ā€¢ Hunt for personal and people-based reasons to want to join the firm ā€¢ Consider every interaction an interview Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 10. Becoming a Consultant About Ben Targeting the Job Getting the Job Succeeding as a consultant Q&A Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 11. Resumes and Cover Letters ā€¢ A flawless resume ā€“ What differentiates you? How are you distinctive? (hint: compare yourself to others) ā€“ What impact and specific results have you had? (hint: reference numbers) ā€“ Strong action verbs (hint: led, managed, designed, etc.) ā€“ Flawless formatting, spelling, and grammar ā€“ Multiple revisions and reviews ā€¢ A compelling cover letter ā€“ 1st paragraph: The firm: why are you personally interested? ā€“ 2nd paragraph: You: why are you a great candidate (summative info, immediate deployability ā€“ NOT a repeat of resume) ā€“ 3rd paragraph: 2-3 sentences to close Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 12. What to Expect in the Interview ā€¢ 1st Round: on-campus for target schools; phone screening for non-target schools ā€¢ Final rounds in-person, usually a 45-minute 1-on-1 behavioral and case interview ā€¢ Fit/Behavioral questions ā€“ SARL framework ā€“ Walk me through your resume ā€“ Why consulting? Why our company? ā€“ Tell me about a time whenā€¦be ready for the drilling! ā€¢ Hint: Use the MATRIX- SARL over Candidate Qualities ā€“ What questions do you have for me? ā€¢ Two things not to forget: Up on news & and a immediate thank-you Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 13. What to Expect in the Interview: The Case ā€¢ Case Interview ā€“ Market sizing: Whatā€™s the market for beer in the UK? ā€“ Strategy: New market, new product, M&A, pricing, competitive dynamics, etc ā€¢ Case Interview top tips by phase: ā€“ Intro: Synthesis, on summary; Clarify objectives ā€“ Framework: Appropriate breadth/depth; common ā€œbucketsā€ include financial/economics and context/environment ā€“ Math: Framework-ize, Verbalize and Organize ā€“ Post-Math: Qualitative Factors ā€“ Conclusion: Top-down communication and icing on the cake (risk factors or next steps) Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 14. Becoming a Consultant About Ben Targeting the Job Getting the Job Succeeding as a consultant Q&A Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 15. Succeeding as a Consultant ā€¢ Be proactive and forward-thinking ā€“ see big picture and go above and beyond to help achieve it ā€¢ Find the right coattails ā€¢ Establish your niche ā€¢ Network broadly and intentionally ā€“ and donā€™t avoid play time ā€¢ Become immediately proficient with Microsoft tools ā€¢ Lead an ā€œextracurricularā€ ā€¢ Send relevant news tidbits to team ā€¢ Accept your first study and dominate it to establish your reputation as a rock-star Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 16. Becoming a Consultant About Ben Targeting the Job Getting the Job Succeeding as a consultant Q&A Hosted by:See the rest at evisors.com/webinars/webinar/53
  • 17. Questions & Answers Question 1: Describe the training options you had while working in consulting. Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 18. Questions & Answers Question 2: What are some of the personal/professional challenges faced in the consulting world? Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 19. Questions & Answers Question 3: Do you need to be in a specialized field to get into consulting? Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 20. Questions & Answers Question 4: How many years of experience does it take to become a consultant? Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 21. Questions & Answers Question 5: If someone had 6 years of supply chain experience, what is their advantage when interviewing in management consulting? Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 22. Questions & Answers Question 6: What interpersonal qualities wold a consultant ideally have? Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 23. Questions & Answers Question 7: Should a resume be lengthy or precise? Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 24. Questions & Answers Question 8: Would it be a good strategy to apply for the top consulting firms outside the country of origin? Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 25. Questions & Answers Question 9: Do university recruiters have quotas when hiring for specific demographics? Hosted by: See the answer at evisors.com/webinars/webinar/53
  • 26. Thanks for Joining! Book your session with Ben at www.evisors.com/expert/381 Check out Benā€™s book The Best Book On HBS Admissions at www.applyingtohbs.com Hosted by:See the rest at evisors.com/webinars/webinar/53