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Consulting Q&A

Consulting Q&A – Ask Questions about Your Career

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. Here you can also find our guidelines and FAQs for the Consulting Q&A.

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Feedback after Final Round

Boutique consulting firms Final Round interview feedback
Most recent answer on Apr 10, 2024
The best answer (on Jan 05, 2023) is from:
Hagen
Expert
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hagen
Expert
 gave the best answer on Jan 05, 2023
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hi there, First of all, congratulations on the progress so far with this firm! I think this is an interesting question that may be relevant for many people. I would be happy to share my thoughts on it: It is not uncommo ... (read entire answer)
8
Answers
703
Views
103
Total Upvotes
on Apr 10, 2024 on Apr 10, 2024
Last Activity

Expert Networks vs Local Consulting Firm

Boutique consulting firms
Most recent answer on Mar 06, 2024
The best answer (on Feb 29, 2024) is from:
Dennis
Expert
Ex-Roland Berger|Project Manager and Recruiter|7+ years of consulting experience in USA and Europe
Dennis
Expert
 gave the best answer on Feb 29, 2024
Ex-Roland Berger|Project Manager and Recruiter|7+ years of consulting experience in USA and Europe
Hi there, as a consultant you will use Alphasights (and the likes) to find experts for you to interview during due diligence projects for example. If you want to become a consultant, don’t waste your time at an expert a ... (read entire answer)
6
Answers
181
Views
58
Total Upvotes
on Mar 06, 2024 on Mar 06, 2024
Last Activity

Got into a final round of a boutique tech consulting firm, and the case question was to estimate the TAM of AI in North America? I honestly got caught off guard by this question so just wondering how folks would estimate it?Thank you

approaching a case Boutique consulting firms
Most recent answer on Nov 20, 2023
The best answer (on Nov 20, 2023) is from:
Raj
Expert
FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK
Raj
Expert
 gave the best answer on Nov 20, 2023
FREE 15MIN CONSULTATION | #1 Strategy& / OW coach | >70 5* reviews |90% offers ⇨ prep-success.super.site | MENA, DE, UK
Estimating the Total Addressable Market (TAM) for AI in North America can be a challenging task, but with a structured approach, you can provide a thoughtful estimate. Here's a suggested framework to tackle this questio ... (read entire answer)
3
Answers
308
Views
22
Total Upvotes
on Nov 20, 2023 on Nov 20, 2023
Last Activity

What is the difference between global management consulting firms and boutique consulting firms?

boutique Boutique consulting firms consulting MBB
Most recent answer on Oct 13, 2023
The best answer (on Oct 13, 2023) is from:
Benjamin
Expert
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer
Benjamin
Expert
 gave the best answer on Oct 13, 2023
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer
Hi, I'll add abit more perspective on some differences not already covered: Internal opportunities Boutique firms, especially if they are local/regional will not have the same kind of mobility opportunities that global ... (read entire answer)
3
Answers
4.6 k
Views
16
Total Upvotes
on Oct 13, 2023 on Oct 13, 2023
Last Activity

Switching from Boutique to MBB- Ethical? Salary considerations?

Bain Boutique consulting firms
Most recent answer on Apr 10, 2023
The best answer (on Apr 03, 2023) is from:
Francesco
Expert
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
 gave the best answer on Apr 03, 2023
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Hi there, Congratulations on the offer! In terms of your questions: 1) Is leaving the boutique firm after working a year for MBB considered bad ethics? No, assuming MBB is going to align better with your career (which i ... (read entire answer)
11
Answers
613
Views
120
Total Upvotes
on Apr 10, 2023 on Apr 10, 2023
Last Activity

Switch from boutique to MBB

Boutique consulting firms MBB
Most recent answer on Feb 07, 2023
The best answer (on Feb 06, 2023) is from:
Benjamin
Expert
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer
Benjamin
Expert
 gave the best answer on Feb 06, 2023
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer
Hello, Here's my take on this: Is it feasible? Yes As I mentioned in another recent thread, it is definitely possible to move from boutique to MBB I have seen this from a few from boutiques who get hired for their exper ... (read entire answer)
7
Answers
696
Views
42
Total Upvotes
on Feb 07, 2023 on Feb 07, 2023
Last Activity

Big4 vs Hidden Champ vs Boutique Consulting

Big4 Boutique consulting firms career consulting exit options MBB strategy consulting
Most recent answer on Aug 19, 2022
The best answer (on Aug 18, 2022) is from:
Lucie
Expert
10+yrs recruiting & BCG Project leader
Lucie
Expert
 gave the best answer on Aug 18, 2022
10+yrs recruiting & BCG Project leader
Hello there! congratulations on securing your offers! Please celebrate this victory! I think many personal factors are also important in the decision, but from a professional point of view, I would say: 1. How to choose ... (read entire answer)
3
Answers
1.2 k
Views
27
Total Upvotes
on Aug 19, 2022 on Aug 19, 2022
Last Activity

What are the expectations of consulting interns?

Boutique consulting firms Career Advising covid19 germany intern internship management consulting Munich
Recent activity on Jun 30, 2022
The best answer (on Jun 27, 2022) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
 gave the best answer on Jun 27, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, 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! -------------------------------------- ... (read entire answer)
6
Answers
1.4 k
Views
60
Total Upvotes
on Jun 30, 2022 on Jun 30, 2022
Last Activity

Boutiques in London

Boutique consulting firms Boutiques London
Most recent answer on Oct 06, 2021
The best answer (on Oct 01, 2021) is from:
Pedro
Expert
30% off in April 2024 | Bain | EY-Parthenon | Roland Berger | Market Sizing | DARDEN MBA
Pedro
Expert
 gave the best answer on Oct 01, 2021
30% off in April 2024 | Bain | EY-Parthenon | Roland Berger | Market Sizing | DARDEN MBA
Hi there,You have this great list with consulting firms and boutiques for the London Market: https://www.preplounge.com/en/london-consulting-firmsCheers and good luck!
4
Answers
974
Views
40
Total Upvotes
on Oct 06, 2021 on Oct 06, 2021
Last Activity

2nd Tier/Boutique Firms and In-House in Germany

2nd tier Bain BCG boutique Boutique consulting firms Capgemini Consulting Mck RolandBerger
Question edited on Sep 05, 2021
The best answer (on Oct 29, 2018) is from:
Francesco
Expert
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
 gave the best answer on Oct 29, 2018
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Hi Anonymous, I would consider Strategy& and Monitor Deloitte. There are also several other international companies you may add to the list like ADL, Parthenon-EY and Simon-Kucher, although they are not usually co ... (read entire answer)
3
Answers
3.3 k
Views
2
Total Upvotes
on Sep 05, 2021 on Sep 05, 2021
Last Activity

Nordic consulting firms

Boutique consulting firms MBB nordic Tier
Most recent answer on Jun 18, 2021
The best answer (on Jun 17, 2021) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
 gave the best answer on Jun 17, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, Tier 1 around the world is almost always going to be McKinsey, Bain, BCG. The Tier 2 list is normally quite large, and, in the Nordics/Europe, it tends to be the likes of the Big4 (Deloitte, PwC, EY, KPMG) ... (read entire answer)
2
Answers
2.9 k
Views
27
Total Upvotes
on Jun 18, 2021 on Jun 18, 2021
Last Activity

Opinion on leaving boutique consulting after 1 year

Boutique consulting firms Career Advise start-up
Most recent answer on Jun 06, 2021
The best answer (on Jun 06, 2021) is from:
Adi
Expert
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience
Adi
Expert
 gave the best answer on Jun 06, 2021
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience
Hey, Long answer for you but it will help :). No one can/should tell you to do A or B, but can only guide you to help make you the right decision. The problem is that many people jump into a job for wrong reasons wi ... (read entire answer)
3
Answers
1.0 k
Views
56
Total Upvotes
on Jun 06, 2021 on Jun 06, 2021
Last Activity

Boutique consultancies in UK

Boutique consulting firms small consultancy UK
Most recent answer on May 18, 2021
The best answer (on May 17, 2021) is from:
Ian
Expert
Content Creator
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
Content Creator
 gave the best answer on May 17, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, Could you guide us around what industry you're looking for? Important to figure out what you're interested in first, as most of the boutiques focus on a selected niche. From there, we can help advise! Furt ... (read entire answer)
3
Answers
856
Views
25
Total Upvotes
on May 18, 2021 on May 18, 2021
Last Activity

Where can I find cases related to Financial services?

Banking bankingindustry Boutique consulting firms
Most recent answer on Apr 29, 2021
The best answer (on Apr 29, 2021) is from:
Ian
Expert
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Ian
Expert
 gave the best answer on Apr 29, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, Feel free to PM you - I have a folder of financial services cases I can provide you as part of coaching. Additionally, the case library on Preplounge gives you the ability to filter on Finance-related topi ... (read entire answer)
3
Answers
745
Views
42
Total Upvotes
on Apr 29, 2021 on Apr 29, 2021
Last Activity

Referral request tips

Boutique consulting firms Referral
Most recent answer on Jan 31, 2021
Anonymous gave the best answer on Apr 30, 2020
Dear A, Just have a nice conversation and make a positive impression on the partner. If you did everything right, he might either tell you to send him your documents by yourself or, if it's not the case, you can kindly ... (read entire answer)
5
Answers
1.7 k
Views
38
Total Upvotes
on Jan 31, 2021 on Jan 31, 2021
Last Activity

Keystone strategy post MBA

Boutique consulting firms MBB
Most recent answer on Dec 31, 2020
The best answer (on Dec 31, 2020) is from:
Antonello
Expert
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Antonello
Expert
 gave the best answer on Dec 31, 2020
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Hi, I confirm they are 100% comparable. For specific details about the salary Glassdoor is quite updated Best Antonello
3
Answers
1.2 k
Views
1
Total Upvotes
on Dec 31, 2020 on Dec 31, 2020
Last Activity

Boutique consulting to MBB

BCG McKinsey and Bain Boutique consulting firms Experienced Hire
Most recent answer on Apr 30, 2020
Anonymous gave the best answer on Apr 06, 2020
Hi Mrinmayee, Yes, it is totally possible given your experience. You just need to apply to MBB (try go via the referral route if possible which can help increase your chance of getting an interview). Meanwhile pol ... (read entire answer)
8
Answers
4.0 k
Views
25
Total Upvotes
on Apr 30, 2020 on Apr 30, 2020
Last Activity
17 results
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