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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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Professional Hire: Senior Consultant Roland Berger / Senior Associate Strategy& Financial Services

Experienced Professional Financial Services
Question edited on Apr 08, 2024
The best answer (on Apr 08, 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 Apr 08, 2024
Ex-Roland Berger|Project Manager and Recruiter|7+ years of consulting experience in USA and Europe
Hi there, in addition to all the comments and explanations, find below a few practice cases that are representative of the Roland Berger style. This is not specific to Financial Services but more applicable to the overa ... (read entire answer)
4
Answers
1.6 k
Views
12
Total Upvotes
on Apr 08, 2024 on Apr 08, 2024
Last Activity

MBB London Financial Services Consulting: Quick Query!

Financial Services London MBB
Most recent answer on Jan 06, 2024
The best answer (on Jan 05, 2024) is from:
Alberto
Expert
Ex-McKinsey Associate Partner | +15 years in consulting | +200 McKinsey 1st & 2nd round interviews
Alberto
Expert
 gave the best answer on Jan 05, 2024
Ex-McKinsey Associate Partner | +15 years in consulting | +200 McKinsey 1st & 2nd round interviews
Hi there, Projects are pretty diverse in financial services. The ones that I've seen more frequently are: Capital optimization Risk management Corporate strategy Digital strategy Restructuring / Turnaround New business ... (read entire answer)
4
Answers
236
Views
69
Total Upvotes
on Jan 06, 2024 on Jan 06, 2024
Last Activity

Case Interview PwC (Financial Services - Transaction Services)

Case Interview case study Corporate Finance Financial Services M&A PwC PwC Interview Transaction Services
Most recent answer on Nov 10, 2023
The best answer (on Jul 04, 2018) is from:
Vlad
Expert
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Vlad
Expert
 gave the best answer on Jul 04, 2018
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Hi, Corporate finance interviews are different from consulting and are usually much more technical and detailed in financial part. Usually, they give you much more time to prepare and do the model on paper. Depending ... (read entire answer)
6
Answers
32.8 k
Views
22
Total Upvotes
on Nov 10, 2023 on Nov 10, 2023
Last Activity

BCG vs. Bain Middle East - Financial services

Bain & Company BCG Financial Services Middle East
Most recent answer on Oct 29, 2022
Anonymous gave the best answer on Oct 29, 2022
1. BCG is the biggest of the firms in the region and has the brand name reputation behind it. 2. As the biggest firm in the region, the BCG Middle East has pretty much every practice area. They are strong in the general ... (read entire answer)
3
Answers
1.1 k
Views
35
Total Upvotes
on Oct 29, 2022 on Oct 29, 2022
Last Activity

Financial Services Partner case interview

Case Oliver Wyman Financial Services
Most recent answer on Jul 19, 2022
The best answer (on Jul 19, 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 Jul 19, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, I would not go in with this assumption! Are the odds higher that it's FS than any other given topic? Absolutely. Is there a good chance it's not FS? Yes Make sure to go in flexibly and be ready for anything wi ... (read entire answer)
6
Answers
1.2 k
Views
66
Total Upvotes
on Jul 19, 2022 on Jul 19, 2022
Last Activity

FSO Consulting Singapore

consulting Ernst & Young Financial Services Singapore
Most recent answer on Apr 07, 2022
The best answer (on Apr 06, 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 Apr 06, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, In general, for specialist hires, you need to be prepared for both generalist and specialist cases/questions! So, keep preparing in a generalist manner but also get well read on all topics FSO. In particular, ... (read entire answer)
3
Answers
1.0 k
Views
21
Total Upvotes
on Apr 07, 2022 on Apr 07, 2022
Last Activity

What to choose between UK&I and Financial Services consulting?

Big Four - Strategy consulting Financial Services London startup UK Venture Capital
Most recent answer on Apr 07, 2022
The best answer (on Apr 06, 2022) is from:
Udayan
Expert
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /12 years recruiting experience
Udayan
Expert
 gave the best answer on Apr 06, 2022
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /12 years recruiting experience
If you are deciding between UK&I and FSO then think about what truly interests you. Just because London has a lot of Fintech does not mean you will enjoy Fintech or even get a job there. You will only do well in FSO ... (read entire answer)
5
Answers
1.7 k
Views
31
Total Upvotes
on Apr 07, 2022 on Apr 07, 2022
Last Activity

Non-traditional candidate pivoting to an entry level consultant role

advanced degree boutique firms Financial Services
Most recent answer on Feb 29, 2020
The best answer (on Feb 26, 2020) is from:
Nathaniel
Expert
McKinsey | BCG | CERN| University of Cambridge
Nathaniel
Expert
 gave the best answer on Feb 26, 2020
McKinsey | BCG | CERN| University of Cambridge
Hello there, I had a background in medical instrumentation engineering myself though it was back in undergrad and am now focusing on financial services. What I would advise is leveraging your functional expertise / sk ... (read entire answer)
7
Answers
1.4 k
Views
2
Total Upvotes
on Feb 29, 2020 on Feb 29, 2020
Last Activity

Financial Services Cases

Banking Financial Services
Most recent answer on Jul 24, 2019
The best answer (on Jul 24, 2019) is from:
Vlad
Expert
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Vlad
Expert
 gave the best answer on Jul 24, 2019
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Hi, Happy to give you FS case as a coaching practice session. Feel free to reach out Best
1
Answer
3.0 k
Views
2
Total Upvotes
on Jul 24, 2019 on Jul 24, 2019
Last Activity

Oliver Wyman Financial Services

case interview preparation Financial Services Oliver Wyman Oliver Wyman interview
Most recent answer on Jul 23, 2019
The best answer (on Jul 23, 2019) 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 Jul 23, 2019
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Hi Anonymous, I replied below to your questions: So far that you have been invited, the case performance is the only thing that matters; this means that if you practice cases on the banking and insurance industrie ... (read entire answer)
1
Answer
2.7 k
Views
2
Total Upvotes
on Jul 23, 2019 on Jul 23, 2019
Last Activity

Special characteristics to consider when doing a financial Due Diligence for a bank?

Due Diligence Financial Services PwC Recruiting Day TAS Valuation
Recent activity on Jan 18, 2019
Anonymous A asked on Jan 11, 2019
Hi, after I finished my B.A. Finance & Management recently I decided to change my profession and now I'm looking for a vanacy in the field of TAS. Now, I received a vey short-term invitation for a recruiting day o ... (read entire question)
1
Answer
3.0 k
Views
0
Total Upvotes
on Jan 18, 2019 on Jan 18, 2019
Last Activity

What do consulting firms do in "financial services"

Financial Services
Recent activity on Sep 02, 2018
Anonymous gave the best answer on Sep 02, 2018
- Banks (i.e., Retail, Private, Investment) - Asset Managment - Insurance
1
Answer
2.2 k
Views
2
Total Upvotes
on Sep 02, 2018 on Sep 02, 2018
Last Activity

MBB Research role vs Bulge Bracket FS inhouse strategy role?

career career progression Financial Services
Recent activity on Jun 27, 2018
The best answer (on Jun 27, 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 Jun 27, 2018
#1 Coach for Sessions (4.500+) | 1.500+ 5-Star Reviews | Proven Success (➡ interviewoffers.com) | Ex BCG | 10Y+ Coaching
Hi Anonymous, as in a case, it really depends by your goals; where do you see yourself in 10 years? If you are aiming to become a research expert, MBB research sounds more interesting. If you are interested to become ... (read entire answer)
2
Answers
2.9 k
Views
4
Total Upvotes
on Jun 27, 2018 on Jun 27, 2018
Last Activity

Use of CFA for management consulting

CFA Financial Services Managementconsulting
Recent activity on Jul 20, 2017
The best answer (on Jul 20, 2017) is from:
Vlad
Expert
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Vlad
Expert
 gave the best answer on Jul 20, 2017
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School
Hi, Not really, for the following reasons: CFA is just a bullet point in your resume and definitely not a game-changer, even for FS-oriented firm MBA degree assumes that you know finance at least at the level of ... (read entire answer)
1
Answer
5.2 k
Views
3
Total Upvotes
on Jul 20, 2017 on Jul 20, 2017
Last Activity
14 results
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