Consulting Q&A – Ask Questions on Your Career in Our Consulting Forum

In this overview, you will find all the questions asked so far by the PrepLounge community. Anyone can ask questions and write answers. Our coaches are also happy to share their expertise. If you like an answer, give it an upvote so that it rises to the top.

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1 - 20 of 9803 results
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    ▶ HIRING SEASON SPECIAL! 25% off your Premium Membership! ◀

    Hiring Timeline MBB preplounge
    Most recent answer on Sep 20, 2021
    Christine
    Admin
    asked on Sep 20, 2021
    PrepLounge Community & Marketing Manager
    Dear PrepLounge Community,  you probably all know that fall season is the hot season for hires in management consulting! We want to support you as much as possible during this hot phase, which is why we have come up with a great deal. ▶ Get 25% off any Premium Membership  ▶ From Monday, September 20th until Monday, September 27th, 2021 ▶  Use the code HIRE25 during the checkout process    Don't hesitate to reach out to me if you have any further questions. We wish you much success with your upcoming interviews. You can do it! Christine PrepLounge Community Management Follow us on: Facebook |  ... (read entire question)
    1
    Answer
    54
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    11
    Total Upvotes
    on Sep 20, 2021
    Last Activity

    Product Manager case

    Product Manager
    John asked 12 minutes ago
    John asked 12 minutes ago
    I have been given a case to solve and submit. the case asks me to share ideas on evaluating and delivering maximising  revenue generated from users of travel booking product in short term and long term. my question is - ... (read entire question)
    0
    Answers
    3
    Views
    0
    Total Upvotes
    12 minutes ago
    Last Activity

    Strategy boutique experienced to McKinsey EM?

    Bain & Company BCG engagement manager McKinsey McKinsey & Company projectleader The Boston Consulting Group
    Most recent answer 3 hours ago
    Anonymous A asked 17 hours ago
    Hi,  I have entered an interview process as an experienced hire with the McKinsey office in my city in Europe following a recommendation from a head hunter/recruiter. I am currently at a local strategy boutique consulti ... (read entire question)
    5
    Answers
    39
    Views
    0
    Total Upvotes
    3 hours ago
    Last Activity

    Experienced hire: should I apply to generalist role or specific practice?

    Application
    Most recent answer 3 hours ago
    Anonymous A asked 15 hours ago
    As an experienced hire, I'm struggling with which role I should apply. It seems that compared Bain / BCG, McKinsey specifically has different roles dedicated to different practices. I'm wondering whether I should apply ... (read entire question)
    5
    Answers
    32
    Views
    0
    Total Upvotes
    3 hours ago
    Last Activity

    How to prep for a specific consulting role (McKinsey)

    case study frameworks mckinsey McKinsey McKinsey & Company McKinsey case interview McKinsey Final Round McKinsey first round McKinsey PEI oil & gas
    Most recent answer 3 hours ago
    Anonymous A asked 14 hours ago
    Hello all,  I am currently an experienced hire working in the oil and gas industry.  Recently, after passing the digital assessment, I've been invited to the first round of interview with McKinsey. The role that I am in ... (read entire question)
    4
    Answers
    37
    Views
    0
    Total Upvotes
    3 hours ago
    Last Activity

    What were the things you wish you could have prepared better when joining consulting?

    Bain BCG McKinsey
    Anonymous A asked 7 hours ago
    Anonymous A asked 7 hours ago
    Hi experts,  This may sound naive… May I know what are the things you wish you could have prepared better when joining consulting to get yourself up to speed and build your credit in the first several cases? Besides, ma ... (read entire question)
    0
    Answers
    18
    Views
    0
    Total Upvotes
    7 hours ago
    Last Activity

    What is your favorite street in Monopoly and why?

    PrepLounge: Personal Fit
    Most recent answer 9 hours ago
    The best answer (on Dec 17, 2019) is from:
    Clara
    Expert
    Content Creator
    McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
    Clara
    Expert
    Content Creator
    gave the best answer on Dec 17, 2019
    McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
    Hello, I can confirm you that you will never asked such thing in a MBB interview. Cheers, Clara
    2
    Answers
    711
    Views
    1
    Total Upvotes
    9 hours ago
    Last Activity

    Perpetuity growth rate and investment cost

    Caribbean Island – MBB Final Round
    Anonymous A asked 10 hours ago
    Anonymous A asked 10 hours ago
    Should we calculate the NVP only to estimate profit on a Y+1 or Y+2 horizon? If yes, should we always take into account the profit growth rate like here?   Is the investment cost considered as a fixed cost in the Y+1 pr ... (read entire question)
    0
    Answers
    14
    Views
    0
    Total Upvotes
    10 hours ago
    Last Activity

    As a MBA graduate, how to manage / lead juniors who are more experienced than you?

    leadership and development
    Most recent answer 11 hours ago
    The best answer (11 hours ago) is from:
    Agrim
    CoachingPlus Expert
    ex-BCG Dubai PL | 100% Personalised Coaching | 2021 Real Cases only | 6+ years in Consulting
    Agrim
    CoachingPlus Expert
    gave the best answer 11 hours ago
    ex-BCG Dubai PL | 100% Personalised Coaching | 2021 Real Cases only | 6+ years in Consulting
    You will encounter this kind of a situation all the time in consulting. You need to be content with it, and also need to understand that others are in the same boat. Further, you need to understand that each position in ... (read entire answer)
    3
    Answers
    43
    Views
    3
    Total Upvotes
    11 hours ago
    Last Activity

    Tough situation - BCG

    BCG
    Most recent answer 11 hours ago
    The best answer (11 hours ago) is from:
    Agrim
    CoachingPlus Expert
    ex-BCG Dubai PL | 100% Personalised Coaching | 2021 Real Cases only | 6+ years in Consulting
    Agrim
    CoachingPlus Expert
    gave the best answer 11 hours ago
    ex-BCG Dubai PL | 100% Personalised Coaching | 2021 Real Cases only | 6+ years in Consulting
    Unless there is material change in your profile - it will be tough to turn the tide the second time around. In terms of the reapplication window - you can try asking the HR to reduce the period you need to wait again be ... (read entire answer)
    3
    Answers
    73
    Views
    3
    Total Upvotes
    11 hours ago
    Last Activity

    bcg fit answers

    BCG
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Sofia
    Expert
    McKinsey San Francisco | Harvard graduate | 5+ years of coaching | >90% candidate success rate | Personalized approach
    Sofia
    Expert
    gave the best answer on Sep 22, 2021
    McKinsey San Francisco | Harvard graduate | 5+ years of coaching | >90% candidate success rate | Personalized approach
    Hello, It's always useful to have some form of quick story summary so that the interviewer can engage in conversation from early on, but I don't think you need to explicitly ask the interviewer if the story is ok before ... (read entire answer)
    3
    Answers
    39
    Views
    8
    Total Upvotes
    11 hours ago
    Last Activity

    Story for giving bad news

    behavoural fit interview
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Francesco
    Expert
    Content Creator
    #1 Expert for Coaching Sessions (3.600+) | 1.300+ Reviews with 100% Recommendation Rate | Ex BCG | 8+ Years of Coaching
    Francesco
    Expert
    Content Creator
    gave the best answer on Sep 22, 2021
    #1 Expert for Coaching Sessions (3.600+) | 1.300+ Reviews with 100% Recommendation Rate | Ex BCG | 8+ Years of Coaching
    Hi there, In general, I would try not to use stories older than 2-3 years. However it also depends on the options available. If you have absolutely no stories (or good stories) on that topic, then I guess you will have ... (read entire answer)
    4
    Answers
    34
    Views
    20
    Total Upvotes
    11 hours ago
    Last Activity

    How to tell if you did well on the McKinsey Game?

    analytical test BCG Case Interview BCG Bain McKinsey McKinsey
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Francesco
    Expert
    Content Creator
    #1 Expert for Coaching Sessions (3.600+) | 1.300+ Reviews with 100% Recommendation Rate | Ex BCG | 8+ Years of Coaching
    Francesco
    Expert
    Content Creator
    gave the best answer on Sep 22, 2021
    #1 Expert for Coaching Sessions (3.600+) | 1.300+ Reviews with 100% Recommendation Rate | Ex BCG | 8+ Years of Coaching
    Hi there, Would be great if you could clarify which game you are referring to (there are 3 common games used in the Imbellus and 5 that ever appeared from the start). The game tests both what you do when playing and you ... (read entire answer)
    5
    Answers
    58
    Views
    34
    Total Upvotes
    11 hours ago
    Last Activity

    I got interviews from multiple consulting firms as experienced hire but the timeline isn't aligned.

    Case Interview
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Ian
    Expert
    Content Creator
    BCG | 100% personal interview success rate (8/8) and 95% candidate success rate | Personalized interview prep
    Ian
    Expert
    Content Creator
    gave the best answer on Sep 22, 2021
    BCG | 100% personal interview success rate (8/8) and 95% candidate success rate | Personalized interview prep
    Hi there, What a great problem to have! Honestly, literally all you can do is to ask those later firms if they can move your interview up. Flag that some other interviews are going to be earlier, but that they (addresse ... (read entire answer)
    4
    Answers
    50
    Views
    17
    Total Upvotes
    11 hours ago
    Last Activity

    On Porter's five forces, why is new entrant a separate bucket?

    porters five forces
    Most recent answer 11 hours ago
    Anonymous A asked 16 hours ago
    Hi, With regards to Porter's five forces. May I know why is “new entrant” a separate bucket/consideration on its own? Why can't we group “new entrant” and “competition” together? Thanks.
    2
    Answers
    23
    Views
    0
    Total Upvotes
    11 hours ago
    Last Activity

    McKinsey First round

    I'm preparing to McK coming next week
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Cristian
    CoachingPlus Expert
    McKinsey / Oxford grad / ex Firm mock interviewer & internal training faculty / top 25% best consultants in the Firm
    Cristian
    CoachingPlus Expert
    gave the best answer on Sep 22, 2021
    McKinsey / Oxford grad / ex Firm mock interviewer & internal training faculty / top 25% best consultants in the Firm
    Hi Majid,  Congrats on passing the screening and best of luck ahead! Generally, best practice would be to train across the spectrum of cases. There are no specific second-round  or first-round cases. The purpose of havi ... (read entire answer)
    4
    Answers
    49
    Views
    16
    Total Upvotes
    11 hours ago
    Last Activity

    Asking for referral in a direct way?

    Referral
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Florian
    Expert
    Content Creator
    #1 rated McKinsey Case and PEI Coach | 5 years at McKinsey | Mentorship Approach | Imbellus Expert
    Florian
    Expert
    Content Creator
    gave the best answer on Sep 22, 2021
    #1 rated McKinsey Case and PEI Coach | 5 years at McKinsey | Mentorship Approach | Imbellus Expert
    Hey there, An indirect way would be to reach out to him and ask how the referral system works.  He will pick up on your request and - if willing - will automatically offer you to refer you. If not, then he would not hav ... (read entire answer)
    4
    Answers
    38
    Views
    16
    Total Upvotes
    11 hours ago
    Last Activity

    Networking with HR at MBB, to clarify questions about position / recruitment?

    networking
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Cristian
    CoachingPlus Expert
    McKinsey / Oxford grad / ex Firm mock interviewer & internal training faculty / top 25% best consultants in the Firm
    Cristian
    CoachingPlus Expert
    gave the best answer on Sep 22, 2021
    McKinsey / Oxford grad / ex Firm mock interviewer & internal training faculty / top 25% best consultants in the Firm
    Hi!  There are differences between some offices and firms, but generally HR is there to help and ready to hop on a call with you and clarify things. It helps to be nice and build a relationship with them because then th ... (read entire answer)
    4
    Answers
    25
    Views
    16
    Total Upvotes
    11 hours ago
    Last Activity

    Should I worry about colleagues/supervisors knowing and rumoring I'm applying for new jobs?

    Application
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Cristian
    CoachingPlus Expert
    McKinsey / Oxford grad / ex Firm mock interviewer & internal training faculty / top 25% best consultants in the Firm
    Cristian
    CoachingPlus Expert
    gave the best answer on Sep 22, 2021
    McKinsey / Oxford grad / ex Firm mock interviewer & internal training faculty / top 25% best consultants in the Firm
    Try to be tactful about it and don't overcommunicate. You are free to do whatever you want but of course no supervisor loves hearing that you're looking for the better thing. It's signals to them that you don't think mu ... (read entire answer)
    5
    Answers
    37
    Views
    23
    Total Upvotes
    11 hours ago
    Last Activity

    When is the best time to start with with a consulting company?

    Bain BCG McKinsey
    Most recent answer 11 hours ago
    The best answer (on Sep 22, 2021) is from:
    Florian
    Expert
    Content Creator
    #1 rated McKinsey Case and PEI Coach | 5 years at McKinsey | Mentorship Approach | Imbellus Expert
    Florian
    Expert
    Content Creator
    gave the best answer on Sep 22, 2021
    #1 rated McKinsey Case and PEI Coach | 5 years at McKinsey | Mentorship Approach | Imbellus Expert
    Hey there, The best time is the one you feel most comfortable with.  If I were in your position (and I basically was - got my offer in September, started in February the year after, postponing my start date in between), ... (read entire answer)
    6
    Answers
    61
    Views
    23
    Total Upvotes
    11 hours ago
    Last Activity
    1 - 20 of 9803 results