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BCG performance review

BCG bcg consultant Post-MBA
Bearbeitet am 21. Nov. 2022
5 Antworten
3,6 T. Views
Anonym A fragte am 20. Nov. 2022

Starting as a Post-MBA associate at BCG

I suffer from ADHD and I am worried that this will impact my performance, it has previously done so. Good thing is I’m medicated. I would like to get a real breakdown on:

1- what am I assessed for at BCG

2-by who

3-the time line of the reviews

4-best advice for post MBA’s

best

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Benjamin
Experte
Content Creator
bearbeitete eine Antwort am 21. Nov. 2022
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer

Hello,

Congrats on the new role, it will be an exciting journey ahead :)

Below is my response to your question based on my 5+ years at BCG and having been on both sides (receiving feedback as a Consultant and writing feedback for Consultants).

1. What am I assessed for at BCG?

  • First point I want to make is that the metrics for grading are extremely transparent - you will be introduced to this at your orientation and there are links on the local intranet to download material on the template, process etc
  • Your Downward Feedback (this is the formal BCG term for your review) form evaluates you on 5 key dimensions, which are the core consulting skills. 3 out of those 5 dimensions are viewed as more important. Happy to share more in a DM

2. By who

  • The individual who will be the key provider of input into your evaluation will be the Project Leader
    • In some markets / systems it might be the Principal if there is no PL on the case
  • While the PL writes the inputs for your eval, it is eventually signed off by the operating MDP (Partner) of the project
  • This means that it is also important to make sure the Partner has an accurate impression of you

3. The timeline of the reviews

  • You will receive a Downward Feedback after every case that you do
  • However, for longer cases (e.g. 6-9 months), it is not uncommon for you to have additional Downward Feedback (e.g. once every 3 months)
    • The rationale for this is because Downward Feedback is seen as ‘data points’ for the review committee, and having 1 data point for a long project isn't fair to the consultant because you cant see trajectory
  • In terms of your overall Career Development or CD (another BCG term), there are 2 official ones, one at mid-year and one at the end of year, although there are nuances to this

4. Best advice for post MBAs 

  1. Have an open mind
    • Try different types of projects, locations, team setups etc
    • You might hear bad/good things about certain types of cases/people etc, but until you try, you don't know
    • In any case, as a new joiner you have no reputation and you have no pull yet, and you have to build that up before you can start to put your foot down
  2. Be willing to be uncomfortable (for a while at least)
    • Post-MBA role is a tough one especially for non-consulting backgrounds
    • The work is challenging and the standards are high, and the reality is that you will have a harder time compared to home-grown Consultants who have been doing this for ~2-3 years already
    • Thus, you may need to put in additional effort and time to grow quickly and perform at the level that the firm expects you to
  3. Ask for help when you need it
    • It's okay to ask for help, people will not see this as a weakness (within some boundaries)
    • Ask more in your first 3-6 months, because past a certain point leadership will expect you already know the ropes
  4. Find an internal mentor
    • You will be assigned a formal career mentor
    • However I strongly encourage you to find other informal mentors at least 1 rank above you, who can give you critical advice on how to grow and navigate the firm
    • I cannot stress how much I've benefited from having strong internal mentors

Note: My POV on #4 is a general one and not an ADHD specific one as I don't think im qualified to comment on that. Better to reach out to others who might have gone through similar experiences as yourself

(editiert)

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Maikol
Experte
Content Creator
antwortete am 20. Nov. 2022
BCG Project Leader | Former Bain, AlixPartner, and PE | INSEAD MBA | GMAT 780

1. You will be assessed for your performance in your projects and contribution to the firm.
You will be assessed in particular for your ability to solve problems, communicate, and steer your module/team.

2. Your project leader/principal and your partner will evaluate you after any project.

3. Mentioned above. After each project and at the end of the year.

4. Broad question. Train your problem solving and communication skills.
Being focused is fundamental, so anything that can “reduce” the impact of ADHD is of help. Meditation, sport, sleep, quality food, and rest should be your top priorities.
 

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Pedro
Experte
antwortete am 20. Nov. 2022
Bain | Roland Berger | EY-Parthenon | Mentoring Approach | 30% off first 10 sessions in May| Market Sizing | DARDEN MBA

1. You are assessed for your performance. Multiple criteria here, would be a bit long to detail. But analytical capability, communication skills, “zero-defect/client-ready” slides, research ability, are amongst the most important.

2. You are likely to be assessed by your project manager.

3. At the end of the project  (or a few weeks before the semestral evaluation, unless the project just started a few weeks earlier)

4. This question is too generic. But I feel you should reach out to other people with the same problem in the company (if you know or are able to find anyone)

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Ian
Experte
Content Creator
antwortete am 21. Nov. 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

Remember, all of this information is readily available to you at the role itself.

1- what am I assessed for at BCG

There is a “matrix” that is used to assess you across a ton of metrics. Frameworking, driving value, client management, etc.

2-by who

Your managers. so, your project lead, principal, partner, etc.

3-the time line of the reviews

Periodically (every 6-12 months), and after every single engagement.

4-best advice for post MBA’s

See below

==========================================

MOST IMPORTANTLY: Know that no-one can perfectly prepare for the job and that's the point: You will mess up, you will learn, you will be trained and supported. That's OK!

--------------------------------------------------------------------------------------

First: I have a consulting survival guide handbook with 25 key tips for surviving the consulting world. Feel free to message me for it!

--------------------------------------------------------------------------------------

Second: In terms of things you can learn/do to prepare beforehand:

1) Daily Reading

  • The Economist, The Financial Times, BCG/Mskinsey Insights

2) Industry deep-dives

  • Learn, in-depth, how the industries/companies your office advises, work. (PM me for an industry overview template)

3) Analytics tools

  • Alteryx, Tableau, etc.

4) Excel

5) Powerpoint

  • Best practices/standards
  • Different layouts
  • Quickly editing/updating slides
  • Thinking in PowerPoint

6) Presentation skills / sharp communication

  • There are some online/virtual classes for this

--------------------------------------------------------------------------------------

Third: In terms of doing well in your role when you're there:

1) Understand the context/prompt (what role are you in, what company, who's watching, etc.)

2) Understand the objective (what, specifically, is expected from you...both day to day, and in your overall career progression)

3) Quickly process information, and focus on what's important - Take a lot of information and the unknown, find the most logical path, and focus on that.

4) Be comfortable with the unknown, and learn to brainstorm - think/speak like an expert without being one

In summary, there will always be a flood of information, expectations, competition etc. and not enough timeFind out which ones matter when. (i.e. be visibile and focus efforts on the things that people care about)

--------------------------------------------------------------------------------------

Fourth: Here are some great prior Q&As for you!

https://www.preplounge.com/en/consulting-forum/what-makes-a-good-consultant-how-to-get-a-good-review-6790

https://www.preplounge.com/en/consulting-forum/how-hard-is-it-to-excel-in-top-consulting-firms-6762

https://www.preplounge.com/en/consulting-forum/how-to-become-an-engagement-manager-and-partner-quickly-6722

https://www.preplounge.com/en/consulting-forum/need-to-learn-skills-in-the-ample-free-time-before-starting-at-an-mbb-what-should-i-do-6774

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Florian
Experte
Content Creator
antwortete am 21. Nov. 2022
Highest-rated McKinsey coach (ratings, offers, sessions) | 500+ offers | Author of The 1% & Consulting Career Secrets

Hi there,

  1. The typical consultant's traits (e.g., client hands, analytics)
  2. A mix of the people you are working for (project leader, leadership team). They are usually discussing their observations about you. Make sure to get regular feedback sessions in with everyone that evaluates you to avoid surprises, discuss ambitions and learning goals, and course-correct early on
  3. Informally all the time, formally after every project, usually formally two times per year by a greater set of people
  4. Enjoy the ride and don't worry about your performance :-))

If you are interested in preparing for your new role, I'd suggest the following:

When I got the offer some years ago I did the same. I reached out to people I knew in McKinsey and people who interviewed me to ask: what can I do to make the start easier? how can I prepare?

The answer from everyone was: Relax! Enjoy your time before you start and don't think about it. You will figure it out on the job. I followed that advice and it made sense to me once I joined.

When you start at BCG  there are 2 ways to learn:

  1. Formal training. The formal training sessions/ weeks/ days in the beginning, are nice, however, they are more for networking and meeting your peers. You learn some interesting concepts and get some useful tips from more experienced consultants BUT
  2. Constant and implicit learning on the job is where it's at. No matter if you are a newcomer or a veteran after 2 years, you will always find yourself on a steep learning curve. As soon as you barely mastered one skill or the skills needed for one level in the hierarchy, you will take care of things, which are expected from a more senior colleague. This cycle never ends. You are expected to learn on the job, learn from your colleagues, your mentors, sometimes even the client. So basically a newly promoted Engagement Manager has the same 'struggle' as a new-hire Business Analyst. They both need to work in a completely new environment and role.

Knowing that, if we now go back to square one in your consulting journey it makes perfect sense to enter the firm with a blank slate with a lot of curiosity and eagerness to soak it all up and quickly learn the ropes.

No book, no training, no coach can prepare you for your first day, your first week, your first engagement. Nothing matches the experience and the learning and this is a good thing (also the reason why ex-MBBs are valued highly on the job market).

You will learn everything you need to master while doing it. You will be thrown in the cold water and need to swim. However, your colleagues will always be happy to help you and mentor you. And for the rest, you will figure everything out along the way. The key here is always to ask for tips, shortcuts, feedback, etc. Don't be quiet if you get stuck.

Lastly, if you have no domain knowledge about a certain industry or topic, read through the internal library of documentation (which is endless) and call some of the firm experts on the topic. Usually, they are happy to offer you a short call to get you up to speed.

Don't sweat the small stuff and enjoy the ride!

Florian

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Benjamin

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