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Consulting Q&A

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    Webinar/ Info session for international

    AskECON
    RUSDI fragte vor 15 Stunden
    <p>I am MBA graduate, and very interested with E.O.N Consulting since it is based in Germany and I am from energy sector.</p><p>Is the ECON only in-person event? I am currently based in Singapore. It would be nice if there is webinar info session to interact with current consultants </p>
    I am MBA graduate, and very interested with E.O.N Consulting since it is based in Germany and I am from energy sector. Is the ECON only in-person event? I am currently based in Singapore. It would be nice if there is we ... (ganze Frage lesen)
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    vor 15 Stunden
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    Great caser but bad case giver

    1st round interview
    Neueste Antwort vor 20 Stunden
    <p>Is it possible that someone can be great at doing cases as a candidate but bad at giving cases as an interviewer? I’ve noticed this even with junior ex consultants who I’d imagine would be better at giving cases. How can someone become better at giving cases?</p>
    Hey there, Of course. I believe you can only be a good case giver if you have designed the case yourself / the case is based on your own personal experience. Only that way you will be able to explain the situation well ... (ganze Antwort lesen)
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    vor 20 Stunden
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    Where does product mix fit within a profitability framework?

    Framework Structure
    Neueste Antwort vor 20 Stunden
    <figure class="image"><img src="/uploads/qa/questions/11102/images/Screenshot%202021-08-03%20at%2011.54.12%20PM.png" alt="Screenshot 2021-08-03 at 11.54.12 PM.png"></figure><p> </p>
    Hi there, It doesn't fit under this type of profitability framework. This is the “simple” profitability framework layout (Revenue and Cost). The more advanced one is contribution margin! It's a big trickier to understan ... (ganze Antwort lesen)
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    vor 20 Stunden
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    Any framework for non-quantitative analysis?

    BCG BCG McKinsey and Bain
    Neueste Antwort vor 20 Stunden
    <p>Any common/good frameworks for the qualitative analysis part of a case? Thanks. </p><p> </p>
    Hi there, I'm really sorry, but it's not so simple. Non-quantitative just means the case prompt could be anything! You need to clearly understand the objective and break the problem down into the key components that mat ... (ganze Antwort lesen)
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    vor 20 Stunden
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    Your proudest achievement question

    behavoural fit interview
    Neueste Antwort vor 20 Stunden
    <p>Is this question more about what was most meaningful to you personally (eg read a story about someone who worked on a mental health project and it held significance to him since he had struggled with it and now he was getting to help make changes that would impact others like him)..or do they need something flashy like high profile conference/huge revenues generated etc..?</p>
    Plenty of tips on same question here: https://www.preplounge.com/en/consulting-forum/how-to-answer-whats-your-proudestmost-memorable-project-8262 https://www.preplounge.com/en/consulting-forum/how-to-answer-tell-m ... (ganze Antwort lesen)
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    vor 20 Stunden
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    Grading criteria McK

    BCG Bain McKinsey
    Neueste Antwort vor 21 Stunden
    <p>what, if any, are the differences in grading criteria for the BA vs Associate roles? Are the scales/rubrics different?</p>
    Hi, that´s a very good question - for sure there are differences as Associate is a more senior role than BA. Hence you as an applicant are expected to have a more “mature” profile for a Associate role. However, you shou ... (ganze Antwort lesen)
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    vor 21 Stunden
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    Rescheduling first round interview (graduate role)

    1st round interview 2-tier
    Neueste Antwort vor 21 Stunden
    <p> I'm feeling very ill right now I definitely would not be able to do an interview for an hour straight without excusing myself. I have a first round interview coming up this Wednesday afternoon. This is for an associate consultant role (winter intake). From my understanding, all first round interviews are meant to be done between last Wednesday till the upcoming Wednesday. Second round interviews are supposed to take place some time between this Thursday till the end of next week. </p><p>Do companies usually allow for rescheduling? Do I need a doctor's note/proof?</p><p>If this isn't allowed how should I phrase cancellation of my interview to ensure it won't be a problem if reapply here.</p>
    Hey there, Definitely don't take the interview if you are not feeling your best. Call HR right away and tell them. Usually, they are very accommodating to candidates' needs. In my local McKinsey office you could have ca ... (ganze Antwort lesen)
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    vor 21 Stunden
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    Was hättet ihr vor eurem Einstieg bei ECON gerne (früher) gewusst?

    AskECON
    Sandra fragte vor 22 Stunden
    <p>Liebes ECON-Team,</p><p>Was hättet ihr vor eurem Einstieg bei ECON gerne (früher) gewusst? Welche Learnings könnt ihr mit uns teilen?</p><p>Vielen Dank, auch für das Beantworten meiner letzten Frage.</p><p>Viele Grüße,</p><p>Sandra</p>
    Liebes ECON-Team, Was hättet ihr vor eurem Einstieg bei ECON gerne (früher) gewusst? Welche Learnings könnt ihr mit uns teilen? Vielen Dank, auch für das Beantworten meiner letzten Frage. Viele Grüße, Sandra
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    vor 22 Stunden
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    Group Case including a Presentation - How to show initiative

    Application
    Neueste Antwort am 5. Aug 2021
    <p>Hello,<br>I am invited to an interview day for one of the Big4 companies (IT consulting). I had already a similar day at another Big4 company in the same area and I expect a similar group case (overall 4 persons) like this:</p><p>-----<br>Company X has some old IT resources (mainframes, old applications, ...) and the CIO wants to do an IT transformation program, especially implementing cloud technology to face the business needs in the future.</p><p>The CIO asked several consulting firms for help in addressing this IT transformation program.<br>---</p><p>Then several questions have been provided which we should address:<br>- What are the four dimensions of strategy?<br>- Organizational and technical success factors for the transformation project?<br>- What makes "Big4 consulting company" different from its competitors and why should company X choose them?<br>- Create a roadmap for the next 3 months?<br>- Should Company X do the project?</p><p>Our goal of the group was to create a PowerPoint presentation (15 min.) for the CIO to provide a solution approach and to answer those questions.<br>-----</p><p>From this group case, I received feedback that I was too passive. Especially at the beginning, I did not take initiative and they expected something different from my background. I know that I am an introvert and I am usually often quite passive at the beginning of a group task because I usually try to understand the problem and then I shine usually more at the end of a task.<br>Nevertheless, I do not want to make this mistake again and I want to be more active in the future, especially at the beginning of the case. Do you have any recommendations (books, resources, …) for me on how to master such a group discussion?</p><p>I thought about summarizing the case for all in the beginning and making sure that everybody understands the task the same way. Furthermore, I think it would make a good impression, to show initiative in dividing the group and set a time limit for the tasks. The tasks have been quite independent and it was possible to address those questions alone.<br>Maybe it would be a good idea that everybody does one or two tasks alone and then meet together after a certain amount of time and then discuss together each question?<br><br>Thank you so much.</p><p>Regards</p>
    Hello! I completely relate to the challenges of doing group interviews when you are quite introverted. Unfortunately, there is no way around it than to get your game face on and actively participate. If you are passive, ... (ganze Antwort lesen)
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    am 5. Aug 2021
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    What would be the reason why you would have someone on or off a project?

    PrepLounge: Personal Fit
    Neueste Antwort am 4. Aug 2021
    <p>How would you answer this question in your Personal Fit interview? Receive feedback on your answer and browse through the Q&amp;As to review the approaches of other applicants and experts.</p>
    As a job manager, the way you put together the right team can be the difference between a successful engagement (with sell-on) and a burned client relationship. When I was managing engagements, I thought about (in ord ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    How to answer career plan question?

    behavioral
    Neueste Antwort am 4. Aug 2021
    <p>How to answer career plan question? </p><p>I am a consultant who is interviewing for corporate strategy role at tech. </p><p>When I was asked about career planning, I said I want to be at corporate in tech for the long term as I like the content (I have interned at corporate strategy at tech and did one product strategy project for tech firm at tech.) </p><p>The interviewer didn't seem like happy.</p><p>How to answer this question?</p>
    Hi, the best answer does not exist and it's personal. I think your point is more than valid, all the quality of the response depends on how you support it in comparison with your experiences and your goals, both in term ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    Personal Pros and Cons working at ECON

    AskECON
    Anonym A fragte am 4. Aug 2021
    Anonym A fragte am 4. Aug 2021
    <p>Hi!</p><p>What do you personally enjoy most working at ECON and what do you enjoy the least?</p>
    Hi! What do you personally enjoy most working at ECON and what do you enjoy the least?
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    am 4. Aug 2021
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    Offers from EYP and FTI consulting

    2-tier get the offer
    Neueste Antwort am 4. Aug 2021
    <p>Hello, I received offers from EY-Parthenon strategy and FTI consulting in a management consulting role. Is FTI considered one of the top management consulting firms or more of a business advisory firms? How should I pick? </p><p>I want to eventually transition to Private equity and the role at FTI is insurance focused management consulting role. </p>
    Hey, congrats! EYP is a bigger & stronger brand.  But having said that, my advice will be to focus on “better fit” i.e. which one of the two is a better with your career aspirations, values & risk profile? This ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    Reply from Partner - MBB

    Client and MBB
    Neueste Antwort am 4. Aug 2021
    <p>Hi everyone, </p><p>I had posted a question regarding the rejection email last week. Finally, I found the solution and need your guidance in order to analyze the situation. </p><p>I have attended several events and reached out to a partner after that event in that office who was also a panel member in that event and got the below-mentioned reply from a partner:</p><p>Hi XXX,</p><p>Thank you for letting me know - I have been in touch with our recruiting team to make sure we avoid any confusion.</p><p>My questions are below:</p><p>1 - A partner in the US office has referred my CV to the European office. After the event, I reached out to the partner who was in the panel and told him that I have been already referred by the US office. Telling a partner that partner in another office has referred me is a bad sign?</p><p>2 - I have not received any email from the HR team but got the reply from this partner. Do I still need to follow up with HR or it is ok not to follow up as I have got the reply from the partner who is involved in recruiting. </p><p>The confusion was big so just want to make sure I do not get rejected. </p>
    Hi there, If you could link your prior question, that would be helpful, but I believe I remember it. The Partner's answer is vague, but I'm sure that's because they don't really know what's going on (they don't have tim ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    How to improve skills on due diligence projects?

    CDD
    Neueste Antwort am 4. Aug 2021
    <p>I have done a couple of due diligence projects and find the mode of working is similar and get bored. How do you improve your skills via dd projects and what's the different as a consultant/senior consultant/pm at a dd project (except that the manager handles the client and the whole project story).</p><p>Everybody is literally just doing one section.</p>
    Some ideas: Ask for bigger responsibility on the project. Discuss with line manager and make a plan on how you can be set up for success  Training Learning from experts- have regular 30mins chats with other senior exper ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    Can someone give me insights on the EY-P case study rounds?

    EY-Parthenon EYP
    Neueste Antwort am 4. Aug 2021
    <p>Hi,</p> <p>I was told that EY-Parthenon has two rounds of case interviews for 35 minutes each twice per round, so a total of 4 cases. Would appreciate insights on what to expect and how can I prepare specifically for EYP.</p> <p>Regards. </p>
    Hi there, It is always useful if you can share the office in this case, as case questions may differ according to the geography. I helped several candidates for EYP and know a good number of real questions asked the ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    Do I need any specific requirements to join ECON?

    AskECON
    Neueste Antwort am 4. Aug 2021
    <p>For example in terms of: academic background, target universities, GPA etc.</p><p>But also what about the language? I'm confused: I've read that German is not mandatory and then that some parts of the interview can be in German?</p>
    Hi there, please excuse the confusion: For international candidates our whole process is of course in English (as it is also our official company language). Our consultant teams enjoy an interdisciplinary make-up. We ar ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    Can you take a typical example about horizontal ,concentric and lateral products

    2x2 Matrices and the BCG matrix
    Neueste Antwort am 4. Aug 2021
    <p>since I find horizontal and lateral quite similar </p>
    Hi Ngô! Here are some typical examples of these product diversification strategies: Concentric is the simplest, it's basically companies selling similar products in almost the same customer segment, for example, a c ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    How does ECON shortlist the candidates for recruitment ? If someone is not able to get a referral, what are the odds ?

    AskECON
    Neueste Antwort am 4. Aug 2021
    <p>Good Morning team ECON,</p> <p>I wanted to understand that how does ECON select the candidates for internship  interview rounds?</p> <p>If someone is not able to get a referral, are there any chances to get an internship interview call?</p> <p>Thanks!!</p>
    Hi, not a simple answer to that as there are many individual cases. However, there are some key requirements that are important to us, independently from your study background: You have a top-grade university degree Ide ... (ganze Antwort lesen)
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    am 4. Aug 2021
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    Home Office at ECON

    AskECON
    Neueste Antwort am 4. Aug 2021
    <p>Hi, <br>I would be interested how the home office regulations are at ECON (especially after Corona)? <br>Thanks a lot!</p>
    Hi, E.ON and ECON have always put employees' health first these past months which is why we have long worked in home office and successfully adapted all our processes, incl. the interview process, to virtual. We will ha ... (ganze Antwort lesen)
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    am 4. Aug 2021
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