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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 ā80-20ā
ā¢ Cultural fit
ā¢ The airport test
ā¢ People that are awesome
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8. What to Expect in the Recruiting Process
ā¢ The courting process ā āitās not you, itās 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
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9. Recruiting: Your Checklist
ā¢ Cast a wide net
ā¢ Choose the ārightā 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 āhigh-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
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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
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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
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13. What to Expect in the Interview: The Case
ā¢ Case Interview
ā Market sizing: Whatās 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 ābucketsā
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)
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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 donāt avoid
play time
ā¢ Become immediately proficient with Microsoft tools
ā¢ Lead an āextracurricularā
ā¢ Send relevant news tidbits to team
ā¢ Accept your first study and dominate it to establish
your reputation as a rock-star
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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.
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18. Questions & Answers
Question 2:
What are some of the personal/professional
challenges faced in the consulting world?
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19. Questions & Answers
Question 3:
Do you need to be in a specialized field to
get into consulting?
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20. Questions & Answers
Question 4:
How many years of experience does it take
to become a consultant?
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21. Questions & Answers
Question 5:
If someone had 6 years of supply chain
experience, what is their advantage when
interviewing in management consulting?
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22. Questions & Answers
Question 6:
What interpersonal qualities wold a
consultant ideally have?
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23. Questions & Answers
Question 7:
Should a resume be lengthy or precise?
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24. Questions & Answers
Question 8:
Would it be a good strategy to apply for the
top consulting firms outside the country of
origin?
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25. Questions & Answers
Question 9:
Do university recruiters have quotas when
hiring for specific demographics?
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26. Thanks for Joining!
Book your session with Ben at
www.evisors.com/expert/381
Check out Benās book
The Best Book On HBS Admissions
at www.applyingtohbs.com
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