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Spring 2021
1
Consulting Behaviour
Stream A7
Dr. Benjamin Lehiany
& Stéphane Lesage
Session 2:
Consulting jobs & careers
1. The consulting industry,
actors & hot topics
2. Consulting jobs &
careers
2
3. The mission lifecycle &
consultant toolbox
4. The commercial
proposal
5. The Consultant posture,
ethics & time management
COURSE STRUCTURE & CONTENT
3
Agenda
I - Recruitment process
II - Career evolution
III - Presentation of the Challenge
1. RECRUITMENT PROCESS
RECRUITMENT STAGES AND SELECTIVITY
4
Source: ALUMNEYE
02
01
03
Target schools « top-tier ». For MBBs in France: HEC, ESSEC, ESCP, Sciences Po,
Polytechnique, Centrale, Mines, Ponts & Chaussées, Supelec, Telecom
CV and Motivation Letter
Quantitative & qualitative tests:
problem solving, mathematics & logics,
English…
Online tests
From 1 to 3 rounds, each round includes
one or 2 interviews, including the so called
case studies.
Interviews
50%
Success rate
MBBs
20%
Success rate
MBBs
10%
Success rate
MBBs
1%
1. RECRUITMENT PROCESS
RECRUITMENT STAGES: EXAMPLES
5
First round:
1. MCQ business quali/quanti:
http://www.mckinsey.com/careers/apply/problem_solving_test
2. 2 interviews of 50’ each
Second round : Four interviews of 1 hour each
For an internship
First round:
1 – Online test quanti / quali
2 – Interview of 30-40’ minutes with case study
Second round: 2 interviews of 1 hour each
For an internship
First round:
1 – English test (phone call + text translation)
2 – 2 interviews of 45’ minutes each with case study
Second round: 2 interviews of 45’ each with case stuides
Source: Conseilenstrat.fr
For an internship
First round:
1 – Either half-day of group interviews (10 candidates) with case
studies
2 – Or 2 interviews of 1 hour each minutes with case study
Second round: 2 interviews of 1 hour each
More at http://www.conseilenstrat.fr/les-differents-processus-de-recrutement-dans-le-conseil-en-strategie/
1. RECRUITMENT PROCESS
INTERVIEW PROCESS
SOME PRELIMINARY REMARKS
▪ An interview is composed of 3 parts which are structurally
interconnected
▪ The order of these parts is imposed and generalized to all
interviews and makes a systematic bias
▪ The pink part is important: it’s made of all the “extra” (soft
skills) from when you exchange the first look with the
interviewer until you close the door of the room to get out of
the interview
o For example the style (the way you are dressed-up),
the physical behavior (how you take notes), the
vocabulary (do you use words which looks like you),
the voice , the eyes…
o But also the way you sit, the way you think…
6
Source: V. Mamou
1. RECRUITMENT PROCESS
NEW DIGITAL e-TOOLS AND PRACTICES
7
▪ Online interviews as the new standard.
▪ Screening social networks and online image (e.g. Linkedin,
Twitter, Facebook, Google…).
▪ Chatbot : BCG uses Chatbot “Casey” to get the flow of
business cases online – a way to absorb more than 1.000
interviews in Paris Office in 2019.
▪ Gamification : McKinsey uses Video Games requiring
neither business knowledge nor specific skills to reveal
unidentifiable "Pearls" through the classic process.
▪ AI : Bain & Company uses a platform “Pymetrics” based
on AI to assess the social, cognitive and behavioral
characteristics of candidates.
New ways to recruit talents as efficiently as possible :
1. RECRUITMENT PROCESS
PREPARATION
8
Source: V. Mamou
Between 50 to 150 hours of preparation
1. RECRUITMENT PROCESS
CASE STUDIES
9
Source: V. Mamou
≠
1. RECRUITMENT PROCESS
CASE STUDIES
10
Source: V. Mamou
Classical case cracking approaches & key topics
1. RECRUITMENT PROCESS
PREPARATION: SOME FAMOUS BOOKS
11
Source: V. Mamou
2. CAREER EVOLUTION
BECOMING A CONSULTANT…A STEP-BY-STEP CAREER
12
JR. CONSULTANT TO CONSULTANT OR ANALYST
(0 – 4 YEARS)
> Assimilating of the consulting behavior
> Learning “the trade” within a specific domain of expertise
> Getting skills of project management
SENIOR CONSULTANT
(4 – 7 YEARS)
> developing a specialization within a specific domain of expertise
> Getting more self-sufficiency
> Orienting and exploring sales activities
MANAGER TO SENIOR MANAGER
(7 – 14 YEARS)
> Being known for his field of expertise
> Responsible for business volume, through sales and delivering
a project
> Being able to work as a team leader or counsellor for other
team members
PRINCIPAL, DIRECTOR TO PARTNER
(> 15 YEARS)
> Being part of the company's leadership
> Being develops high-level business relations and high-
impact projects
> Leading large teams and also generates new business ideas
2. CAREER EVOLUTION
LADDERS OVERVIEW AT MBB+
SOURCE : IGOTANOFFER.COM
14
SKILLS AND BEHAVIOUR
BUSINESS
PRE-SALE
MANAGEMENT
Responsabilities
Ladders
INTERNAL DUTIES
HIRING
SALES
ANALYST & CONSULTANT
SENIOR
MANAGER TO SENIOR MANAGER
PRINCIPAL, DIRECTOR TO PARTNER
2. CAREER EVOLUTION
BECOMING A CONSULTANT…A STEP BY STEP CAREER
15 SOURCE : ARTHUR D. LITTLE
2. CAREER EVOLUTION
EXAMPLE: CONSULTING PROJECT ROLES AND RESPONSIBILITIES AT ADL
16 SOURCE : BCG
2. CAREER EVOLUTION
EXAMPLE: CONSULTING PROJECT ROLES AND RESPONSIBILITIES AT BCG
2. CAREER EVOLUTION
SALARIES OVERVIEW
• Base salary higher than other
management jobs (>25%)
• Mid-manager in top-tier
consulting firm earn as much
as CAC40 ExCom members
• Base salary share of
remuneration
package…variable across
tenure
• Bonus growing with tenure
• Only two other career paths
compete
o Investment banking
o Entrepreneurship
PACKAGE SALARY
• “Money is not an issue”
• Reimbursement of work
costs…with interesting impact
on work life
o Plane
o Food
o Hotel
o Car costs
o Taxis
• Consulting firms propose
several gifts & advantages for
their employees
o Tech gifts
o Week-end / seminars
FINANCIAL ADVANTAGES
• Salary evolution is one of the
quickest in work market
• Smooth +20% per year for
performers
• Quick promotion
• Most of consulting positions
with 6 figures salaries
EVOLUTION
SOURCE : V. MAMOU
2. CAREER EVOLUTION
SALARIES OVERVIEW
SOURCE : IGOTANOFFER.COM
2. CAREER EVOLUTION
AFTER CONSULTING
• Consulting is a career accelerator with clear impact on
next steps salaries. 1 year experience in consulting
usually = 2 years in the rest of industry
• If like 80% of consultants, you quit before having
managing tenures then you can target new job with
same level of salary
• With the same level of experience as a consultant,
candidates get more responsibilities than being internal
employees.
DURING LEAVING PROCESS AFTER CONSULTING
• In top tier consulting firms… up to 6 months
of full salary paid without working
• In addition to legal compensation, possibility
to negotiate leaving bonus…one year of bonus
possible ;)
• Possibility to negotiate HR consulting support
after quitting the firm…or to monetize it
• Anyway good practice to stay within implicit
negotiation limits
…WHEN YOU QUIT THE CONSULTING FIRM LIKE 80% OF CONSULTANTS
19
SOURCE : V. MAMOU
2. CAREER EVOLUTION
MANAGING THE STRUCTURAL TURNOVER
With a high staff turnover about 25% and the "up or out" policy,
consulting firms deploy divergent strategies :
Internal mobility versus off-boarding
For example, when EY struggles to retain their consultants,
Mazars prefers to boost their employability :
▪ The Mazars offboarding process offers to staff consultants in
a client mission corresponding to their wishes with
possibility of being hired.
▪ EY offers new career paths to enable people to experience a
diversity of skills and professions and responds to the search
for meaning by encouraging the skill sponsorship
20
SOURCES: LES ECHOS
21 SOURCE : BCG.COM
2. CAREER EVOLUTION
THE DIVERSITY OF CONSULTING JOBS
Mathematical post-degree training
(Harvard business review has identified
Data scientist “The Sexiest Job of the 21st
Century”)
Operate business knowledge in transversal
functions is a winning bet : the company
leverages on core business expertise
while consultants take new career
direction by capitalizing on their skills.
22 SOURCE : BCG
2. CAREER EVOLUTION
KT ROLES IN THE PROJECT LIFE-CYCLE
23 SOURCE : BCG
2. CAREER EVOLUTION
KT CAREER TRACK COMPRISED OF FIVE ROLES AT BCG
2. CAREER EVOLUTION
1. Salaries 20% to 50% higher than in industry and services
2. Quicker evolution than in other sectors: for career tracks and for compensations –during consulting
experience and even after
3. Internal development training highly developed
4. Opportunity to gain exposure to senior clients
5. Acquisition of work approach, methodologies, workload, efficiency and quality beyond common
standards
6. Opportunity to work in various sectors with various business challenges
7. Immersion in international context through clients’ portfolio or/and consulting firms’ culture
8. Be part of a strong professional network
9. Opportunity to reach quickly high tenure jobs outside consulting
10. Acquisition of core knowledge of companies’ decision mechanisms
24
SOURCE : V. MAMOU
10 good reasons to become consultant
2. CAREER EVOLUTION
1. Hour salary can be very low when integrating workload
2. Stressful career tracks with the well known up or out selection process threatening each
consultant
3. Little time for social and family life
4. Low decision power: consultant propose
5. Most of the work is done outside the « comfort zone », with feeling to start from scratch on each
new project
6. Challenge to become a real specialist
7. Short term projects, work team change continuously and thus difficult to build relationship on
more long-term perspective even with colleagues
8. Average duration of consulting life less than 5 years: experience of ephemeral
9. Mind formatting where difference is dissolute
10. Extreme job only for workaholic !
25
SOURCE : V. MAMOU
10 good reasons not to become consultant
1. The consulting industry,
actors & hot topics
2. Consulting jobs &
careers
26
3. The mission lifecycle &
consultant toolbox
4. The commercial
proposal
5. The Consultant posture,
ethics & time management
COURSE STRUCTURE & CONTENT
Next session
Discover the other sessions on Consultant Behaviour on manadvise.fr
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ESCP - Consultant behaviour session 2 2021 - Consultant jobs and career

  • 1. Spring 2021 1 Consulting Behaviour Stream A7 Dr. Benjamin Lehiany & Stéphane Lesage Session 2: Consulting jobs & careers
  • 2. 1. The consulting industry, actors & hot topics 2. Consulting jobs & careers 2 3. The mission lifecycle & consultant toolbox 4. The commercial proposal 5. The Consultant posture, ethics & time management COURSE STRUCTURE & CONTENT
  • 3. 3 Agenda I - Recruitment process II - Career evolution III - Presentation of the Challenge
  • 4. 1. RECRUITMENT PROCESS RECRUITMENT STAGES AND SELECTIVITY 4 Source: ALUMNEYE 02 01 03 Target schools « top-tier ». For MBBs in France: HEC, ESSEC, ESCP, Sciences Po, Polytechnique, Centrale, Mines, Ponts & Chaussées, Supelec, Telecom CV and Motivation Letter Quantitative & qualitative tests: problem solving, mathematics & logics, English… Online tests From 1 to 3 rounds, each round includes one or 2 interviews, including the so called case studies. Interviews 50% Success rate MBBs 20% Success rate MBBs 10% Success rate MBBs 1%
  • 5. 1. RECRUITMENT PROCESS RECRUITMENT STAGES: EXAMPLES 5 First round: 1. MCQ business quali/quanti: http://www.mckinsey.com/careers/apply/problem_solving_test 2. 2 interviews of 50’ each Second round : Four interviews of 1 hour each For an internship First round: 1 – Online test quanti / quali 2 – Interview of 30-40’ minutes with case study Second round: 2 interviews of 1 hour each For an internship First round: 1 – English test (phone call + text translation) 2 – 2 interviews of 45’ minutes each with case study Second round: 2 interviews of 45’ each with case stuides Source: Conseilenstrat.fr For an internship First round: 1 – Either half-day of group interviews (10 candidates) with case studies 2 – Or 2 interviews of 1 hour each minutes with case study Second round: 2 interviews of 1 hour each More at http://www.conseilenstrat.fr/les-differents-processus-de-recrutement-dans-le-conseil-en-strategie/
  • 6. 1. RECRUITMENT PROCESS INTERVIEW PROCESS SOME PRELIMINARY REMARKS ▪ An interview is composed of 3 parts which are structurally interconnected ▪ The order of these parts is imposed and generalized to all interviews and makes a systematic bias ▪ The pink part is important: it’s made of all the “extra” (soft skills) from when you exchange the first look with the interviewer until you close the door of the room to get out of the interview o For example the style (the way you are dressed-up), the physical behavior (how you take notes), the vocabulary (do you use words which looks like you), the voice , the eyes… o But also the way you sit, the way you think… 6 Source: V. Mamou
  • 7. 1. RECRUITMENT PROCESS NEW DIGITAL e-TOOLS AND PRACTICES 7 ▪ Online interviews as the new standard. ▪ Screening social networks and online image (e.g. Linkedin, Twitter, Facebook, Google…). ▪ Chatbot : BCG uses Chatbot “Casey” to get the flow of business cases online – a way to absorb more than 1.000 interviews in Paris Office in 2019. ▪ Gamification : McKinsey uses Video Games requiring neither business knowledge nor specific skills to reveal unidentifiable "Pearls" through the classic process. ▪ AI : Bain & Company uses a platform “Pymetrics” based on AI to assess the social, cognitive and behavioral characteristics of candidates. New ways to recruit talents as efficiently as possible :
  • 8. 1. RECRUITMENT PROCESS PREPARATION 8 Source: V. Mamou Between 50 to 150 hours of preparation
  • 9. 1. RECRUITMENT PROCESS CASE STUDIES 9 Source: V. Mamou ≠
  • 10. 1. RECRUITMENT PROCESS CASE STUDIES 10 Source: V. Mamou Classical case cracking approaches & key topics
  • 11. 1. RECRUITMENT PROCESS PREPARATION: SOME FAMOUS BOOKS 11 Source: V. Mamou
  • 12. 2. CAREER EVOLUTION BECOMING A CONSULTANT…A STEP-BY-STEP CAREER 12 JR. CONSULTANT TO CONSULTANT OR ANALYST (0 – 4 YEARS) > Assimilating of the consulting behavior > Learning “the trade” within a specific domain of expertise > Getting skills of project management SENIOR CONSULTANT (4 – 7 YEARS) > developing a specialization within a specific domain of expertise > Getting more self-sufficiency > Orienting and exploring sales activities MANAGER TO SENIOR MANAGER (7 – 14 YEARS) > Being known for his field of expertise > Responsible for business volume, through sales and delivering a project > Being able to work as a team leader or counsellor for other team members PRINCIPAL, DIRECTOR TO PARTNER (> 15 YEARS) > Being part of the company's leadership > Being develops high-level business relations and high- impact projects > Leading large teams and also generates new business ideas
  • 13. 2. CAREER EVOLUTION LADDERS OVERVIEW AT MBB+ SOURCE : IGOTANOFFER.COM
  • 14. 14 SKILLS AND BEHAVIOUR BUSINESS PRE-SALE MANAGEMENT Responsabilities Ladders INTERNAL DUTIES HIRING SALES ANALYST & CONSULTANT SENIOR MANAGER TO SENIOR MANAGER PRINCIPAL, DIRECTOR TO PARTNER 2. CAREER EVOLUTION BECOMING A CONSULTANT…A STEP BY STEP CAREER
  • 15. 15 SOURCE : ARTHUR D. LITTLE 2. CAREER EVOLUTION EXAMPLE: CONSULTING PROJECT ROLES AND RESPONSIBILITIES AT ADL
  • 16. 16 SOURCE : BCG 2. CAREER EVOLUTION EXAMPLE: CONSULTING PROJECT ROLES AND RESPONSIBILITIES AT BCG
  • 17. 2. CAREER EVOLUTION SALARIES OVERVIEW • Base salary higher than other management jobs (>25%) • Mid-manager in top-tier consulting firm earn as much as CAC40 ExCom members • Base salary share of remuneration package…variable across tenure • Bonus growing with tenure • Only two other career paths compete o Investment banking o Entrepreneurship PACKAGE SALARY • “Money is not an issue” • Reimbursement of work costs…with interesting impact on work life o Plane o Food o Hotel o Car costs o Taxis • Consulting firms propose several gifts & advantages for their employees o Tech gifts o Week-end / seminars FINANCIAL ADVANTAGES • Salary evolution is one of the quickest in work market • Smooth +20% per year for performers • Quick promotion • Most of consulting positions with 6 figures salaries EVOLUTION SOURCE : V. MAMOU
  • 18. 2. CAREER EVOLUTION SALARIES OVERVIEW SOURCE : IGOTANOFFER.COM
  • 19. 2. CAREER EVOLUTION AFTER CONSULTING • Consulting is a career accelerator with clear impact on next steps salaries. 1 year experience in consulting usually = 2 years in the rest of industry • If like 80% of consultants, you quit before having managing tenures then you can target new job with same level of salary • With the same level of experience as a consultant, candidates get more responsibilities than being internal employees. DURING LEAVING PROCESS AFTER CONSULTING • In top tier consulting firms… up to 6 months of full salary paid without working • In addition to legal compensation, possibility to negotiate leaving bonus…one year of bonus possible ;) • Possibility to negotiate HR consulting support after quitting the firm…or to monetize it • Anyway good practice to stay within implicit negotiation limits …WHEN YOU QUIT THE CONSULTING FIRM LIKE 80% OF CONSULTANTS 19 SOURCE : V. MAMOU
  • 20. 2. CAREER EVOLUTION MANAGING THE STRUCTURAL TURNOVER With a high staff turnover about 25% and the "up or out" policy, consulting firms deploy divergent strategies : Internal mobility versus off-boarding For example, when EY struggles to retain their consultants, Mazars prefers to boost their employability : ▪ The Mazars offboarding process offers to staff consultants in a client mission corresponding to their wishes with possibility of being hired. ▪ EY offers new career paths to enable people to experience a diversity of skills and professions and responds to the search for meaning by encouraging the skill sponsorship 20 SOURCES: LES ECHOS
  • 21. 21 SOURCE : BCG.COM 2. CAREER EVOLUTION THE DIVERSITY OF CONSULTING JOBS Mathematical post-degree training (Harvard business review has identified Data scientist “The Sexiest Job of the 21st Century”) Operate business knowledge in transversal functions is a winning bet : the company leverages on core business expertise while consultants take new career direction by capitalizing on their skills.
  • 22. 22 SOURCE : BCG 2. CAREER EVOLUTION KT ROLES IN THE PROJECT LIFE-CYCLE
  • 23. 23 SOURCE : BCG 2. CAREER EVOLUTION KT CAREER TRACK COMPRISED OF FIVE ROLES AT BCG
  • 24. 2. CAREER EVOLUTION 1. Salaries 20% to 50% higher than in industry and services 2. Quicker evolution than in other sectors: for career tracks and for compensations –during consulting experience and even after 3. Internal development training highly developed 4. Opportunity to gain exposure to senior clients 5. Acquisition of work approach, methodologies, workload, efficiency and quality beyond common standards 6. Opportunity to work in various sectors with various business challenges 7. Immersion in international context through clients’ portfolio or/and consulting firms’ culture 8. Be part of a strong professional network 9. Opportunity to reach quickly high tenure jobs outside consulting 10. Acquisition of core knowledge of companies’ decision mechanisms 24 SOURCE : V. MAMOU 10 good reasons to become consultant
  • 25. 2. CAREER EVOLUTION 1. Hour salary can be very low when integrating workload 2. Stressful career tracks with the well known up or out selection process threatening each consultant 3. Little time for social and family life 4. Low decision power: consultant propose 5. Most of the work is done outside the « comfort zone », with feeling to start from scratch on each new project 6. Challenge to become a real specialist 7. Short term projects, work team change continuously and thus difficult to build relationship on more long-term perspective even with colleagues 8. Average duration of consulting life less than 5 years: experience of ephemeral 9. Mind formatting where difference is dissolute 10. Extreme job only for workaholic ! 25 SOURCE : V. MAMOU 10 good reasons not to become consultant
  • 26. 1. The consulting industry, actors & hot topics 2. Consulting jobs & careers 26 3. The mission lifecycle & consultant toolbox 4. The commercial proposal 5. The Consultant posture, ethics & time management COURSE STRUCTURE & CONTENT Next session Discover the other sessions on Consultant Behaviour on manadvise.fr