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Consulting Q&A

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Consulting Q&A
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    Why L.E.K.?

    behavoural fit interview L.E.K. Consulting
    Anonymous A asked 3 hours ago
    Anonymous A asked 3 hours ago
    <p>What are some of the pros of L.E.K. (any differences compared to other top consulting firms)?</p>
    What are some of the pros of L.E.K. (any differences compared to other top consulting firms)?
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    3 hours ago
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    Group Case including a Presentation - How to show initiative

    Application
    Most recent answer 5 hours ago
    Anonymous A asked 12 hours ago
    <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 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: ... (read entire question)
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    5 hours ago
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    Rescheduling first round interview (graduate role)

    1st round interview 2-tier
    Most recent answer 5 hours ago
    <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 ... (read entire answer)
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    5 hours ago
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    Question from the Stress Question Mode

    What would be the reason why you would have someone on or off a project?

    PrepLounge: Personal Fit
    Most recent answer 6 hours ago
    <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 ... (read entire answer)
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    6 hours ago
    Last Activity

    How to answer career plan question?

    behavioral
    Most recent answer 6 hours ago
    <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 ... (read entire answer)
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    6 hours ago
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    BCG NYC vs Chi

    1st round interview BCG BCG Case Interview
    Most recent answer 6 hours ago
    Anonymous A asked 9 hours ago
    <p>I have already received an interview for BCG NYC (well, east coast, but assuming NYC since that was by far my top choice). However, I am having second thoughts about whether I'd make it through the first round in NYC since it is much more competitive. At the end of the day, I would rather live in NYC, but I would also love to work for BCG. Any advice?</p>
    I have already received an interview for BCG NYC (well, east coast, but assuming NYC since that was by far my top choice). However, I am having second thoughts about whether I'd make it through the first round in NYC si ... (read entire question)
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    6 hours ago
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    Kellogg 2020

    Analytical Skills
    Most recent answer 7 hours ago
    Anonymous A asked 7 hours ago
    <p>Are kellogg casebooks good? Are they representative of cases you’d actually get in an interview?</p>
    Are kellogg casebooks good? Are they representative of cases you’d actually get in an interview?
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    7 hours ago
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    Personal Pros and Cons working at ECON

    AskECON
    Anonymous A asked 8 hours ago
    Anonymous A asked 8 hours ago
    <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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    8 hours ago
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    Grading criteria McK

    BCG Bain McKinsey
    Most recent answer 8 hours ago
    <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 ... (read entire answer)
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    8 hours ago
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    Offers from EYP and FTI consulting

    2-tier get the offer
    Most recent answer 9 hours ago
    <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 ... (read entire answer)
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    9 hours ago
    Last Activity

    How to answer "What's your most memorable project"?

    behavioral
    Most recent answer 9 hours ago
    <p>I am a consultant but failed to answer "What's your most memorable project?" question well. </p><p>I feel like in each project I played a role as a consultant and there is nothing special.</p>
    Check out this thread please: https://www.preplounge.com/en/consulting-forum/your-proudest-achievement-question-10761 Plenty of tips and advice on how to answer this question.
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    9 hours ago
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    Reply from Partner - MBB

    Client and MBB
    Most recent answer 9 hours ago
    Anonymous A asked 16 hours ago
    <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 everyone,  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.  I have attended several events and reached out to a ... (read entire question)
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    9 hours ago
    Last Activity

    How to improve skills on due diligence projects?

    CDD
    Most recent answer 9 hours ago
    Anonymous A asked 19 hours ago
    <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>
    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 ... (read entire question)
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    20
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    9 hours ago
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    Any framework for non-quantitative analysis?

    BCG BCG McKinsey and Bain
    Most recent answer 11 hours ago
    Anonymous A asked 15 hours ago
    <p>Any common/good frameworks for the qualitative analysis part of a case? Thanks. </p><p> </p>
    Any common/good frameworks for the qualitative analysis part of a case? Thanks.   
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    11 hours ago
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    Can someone give me insights on the EY-P case study rounds?

    EY-Parthenon EYP
    Most recent answer 11 hours ago
    <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 ... (read entire answer)
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    11 hours ago
    Last Activity

    Do I need any specific requirements to join ECON?

    AskECON
    Most recent answer 12 hours ago
    Anonymous A asked 13 hours ago
    <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>
    For example in terms of: academic background, target universities, GPA etc. 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 Germ ... (read entire question)
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    12 hours ago
    Last Activity
    Question on the BootCamp lesson: 2x2 Matrices and the BCG matrix

    Can you take a typical example about horizontal ,concentric and lateral products

    2x2 Matrices and the BCG matrix
    Most recent answer 15 hours ago
    <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 ... (read entire answer)
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    15 hours ago
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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
    Most recent answer 15 hours ago
    <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 ... (read entire answer)
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    15 hours ago
    Last Activity

    Home Office at ECON

    AskECON
    Most recent answer 17 hours ago
    <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 ... (read entire answer)
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    17 hours ago
    Last Activity

    BCG Follow up email or call? No interview date set - 1st round invite

    BCG BCG 1st round BCG Case Interview
    Most recent answer 19 hours ago
    <p>Hi All, </p><p>I got invited to the first round of interviews with BCG and in the email context they asked about my availability to plan accordingly.  I've replied back stating that I will be available from the 10th of Aug onwards but I haven't received any confirmation nor acknowledgement yet.  So far I don't have an interview date set yet. <br><br>I'm not sure if I will suddenly receive an invite 2 days prior the interview date or so and I'm still preparing for the interviews. <br><br>Is it ok if I email them back? or shall I call them? <br>Is the expectation that my interviews are taking place any time after the 10th of Aug.?<br> </p><p>Thank you<br> </p>
    Hi there, If you haven’t heard from them in a while (say 7 days), I would call the office, in this way you are going to get the answer immediately and there are no penalties for doing so. Best, Francesco
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    19 hours ago
    Last Activity
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