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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Consulting to Industry

associate consultant consulting industry Healthcare
Most recent answer on Feb 29, 2024
The best answer (on Jan 04, 2024) is from:
Farrah
Expert
2 yrs coaching; ex-McKinsey, ex-Goldman, ex-UN; founder x2; management consultant; Private Equity (3 free lessons!)
Farrah
Expert
gave the best answer on Jan 04, 2024
2 yrs coaching; ex-McKinsey, ex-Goldman, ex-UN; founder x2; management consultant; Private Equity (3 free lessons!)
Hello! I'd suggest: 1. Network - research as many people as you can in the industry (spec., those you have a connection to), and ask for a 10 minute chat. I'd probably start outreach with ‘Hello! I’m really interested i ... (read entire answer)
7
Answers
225
Views
95
Total Upvotes
on Feb 29, 2024 on Feb 29, 2024
Last Activity

Consulting to industry question

associate consultant Healthcare industry
Most recent answer on Feb 29, 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, it is very common that consultants actually end up working for previous clients. It is also legitimate to keep your eyes and ears open for new opportunities while you are on the job. In your current situation, you p ... (read entire answer)
7
Answers
111
Views
57
Total Upvotes
on Feb 29, 2024 on Feb 29, 2024
Last Activity

PwC healthcare Middle East Case Studies

Healthcare PwC PwC Interview
Most recent answer on Dec 30, 2023
The best answer (on Dec 26, 2023) 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 Dec 26, 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Long shot guess, but maybe Healthcare cases :P Jokes aside, while you should be ready for healthcare and ME-related cases, you should also be ready for ANYTHING. They're allowed to and will case you in a wide range of t ... (read entire answer)
3
Answers
332
Views
31
Total Upvotes
on Dec 30, 2023 on Dec 30, 2023
Last Activity

Best Bain Offices in U.S for Healthcare/ Life sciences?

Bain & Company Healthcare life sciences
Most recent answer on Jun 30, 2023
The best answer (on May 17, 2023) 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 May 17, 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, Agreed with Udayan. In particular, New Jersey and Boston are especially well known for life sciences. Also, ask the Bain consultant! Ask them to put you in touch with people in those offices.
4
Answers
816
Views
16
Total Upvotes
on Jun 30, 2023 on Jun 30, 2023
Last Activity

Best strategy firm for healthcare ?

Healthcare Public Sector recruiting
Most recent answer on Dec 22, 2022
The best answer (on Nov 27, 2022) is from:
Emily
Expert
Ex McKinsey EM & interviewer (5 yrs) USA & UK| Coached / interviewed 300 +|Free 15 min intro| Stanford MBA|Non-trad
Emily
Expert
gave the best answer on Nov 27, 2022
Ex McKinsey EM & interviewer (5 yrs) USA & UK| Coached / interviewed 300 +|Free 15 min intro| Stanford MBA|Non-trad
Within MBB, Bain currently has the largest healthcare practice. My understanding is that BCG's was significantly scaled down after a series of scandals on test and trace; McKinsey's also went through a similar situation ... (read entire answer)
11
Answers
993
Views
59
Total Upvotes
on Dec 22, 2022 on Dec 22, 2022
Last Activity

Healthcare Provider -> Healthcare consulting

consulting Healthcare
Most recent answer on Dec 19, 2022
The best answer (on Dec 15, 2022) 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 Dec 15, 2022
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hi there, This is indeed an interesting question which is probably relevant for a lot of users, thus I am happy to provide my perspective on it: It sounds like you have a strong background in the healthcare industry and ... (read entire answer)
8
Answers
609
Views
57
Total Upvotes
on Dec 19, 2022 on Dec 19, 2022
Last Activity

Monitor Deloitte vs PwC Healthcare (Middle East)

consulting Deloitte Monitor Healthcare Middle East MiddleEast Monitor Deloitte PwC UAE
Most recent answer on Nov 19, 2022
The best answer (on Nov 18, 2022) is from:
Rushabh
Expert
Limited Availability | BCG Expert | Middle East Expert | 100+ Mocks Delivered | IESE & NYU MBA | Ex-KPMG Dxb Consultant
Rushabh
Expert
gave the best answer on Nov 18, 2022
Limited Availability | BCG Expert | Middle East Expert | 100+ Mocks Delivered | IESE & NYU MBA | Ex-KPMG Dxb Consultant
Hello! Congratulations on receiving two offers! I can answer parts a) and d) of your question. In terms of future prospects and exit opportunities you need to keep in mind:  Where do you want to be 5/10 years from now - ... (read entire answer)
3
Answers
1.4 k
Views
23
Total Upvotes
on Nov 19, 2022 on Nov 19, 2022
Last Activity

Breaking into Consulting as an MD with No Formal Experience

Bain & Company Boston Consulting Group consulting Healthcare MBB McKinsey & Company physician
Recent activity on Aug 07, 2022
The best answer (on Aug 01, 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 Aug 01, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, Trust me, you're not the only MD to try to switch! And, honestly, from what I've seen their success rates tend to be quite high! Here are my main tips for you to succeed: Get consulting experience. Consider si ... (read entire answer)
3
Answers
5.2 k
Views
25
Total Upvotes
on Aug 07, 2022 on Aug 07, 2022
Last Activity

Billing etiquette for a conference

Healthcare
Most recent answer on Jun 29, 2022
The best answer (on Jun 29, 2022) is from:
Clara
Expert
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Clara
Expert
gave the best answer on Jun 29, 2022
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Hello! If you are attending doing “market research", I think it makes sense. However, since indeed it´s a bit of a grey area, I would also run it by them.  Hope it helps! Cheers,  Clara
6
Answers
759
Views
28
Total Upvotes
on Jun 29, 2022 on Jun 29, 2022
Last Activity

Market sizing

Healthcare Market sizing
Most recent answer on May 28, 2022
The best answer (on May 25, 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 May 25, 2022
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, You'll get the best out of this exercise if you try it yourself and post here for feedback. Here's a hint: Visualize the hospital How to think about Market Sizing It's very simple: Do the approach the is the e ... (read entire answer)
2
Answers
1.3 k
Views
23
Total Upvotes
on May 28, 2022 on May 28, 2022
Last Activity

Healthcare consulting/Medicine students

Healthcare healthcare pharma Medicine
Most recent answer on May 25, 2022
The best answer (on May 24, 2022) is from:
Lucie
Expert
10+yrs recruiting & BCG Project leader
Lucie
Expert
gave the best answer on May 24, 2022
10+yrs recruiting & BCG Project leader
Hi there, you can apply to any consulting, at least for MBB I can confirm but it very much depends on what you want to do, do you want to stay in medicine only or do you want to do broader scope, business? Still MBB giv ... (read entire answer)
5
Answers
1.4 k
Views
42
Total Upvotes
on May 25, 2022 on May 25, 2022
Last Activity

Healthcare Case

Healthcare Market sizing pharma and health care cases
Most recent answer on Jan 30, 2022
The best answer (on Jan 29, 2022) is from:
Clara
Expert
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Clara
Expert
gave the best answer on Jan 29, 2022
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Hello! In PrepL library you have a guide that focuses precisely on pharma, perhaps that can help. Regarding cases, have you tried the prepL library? You can search by keywords, which makes it very easy to navigate and f ... (read entire answer)
5
Answers
1.6 k
Views
39
Total Upvotes
on Jan 30, 2022 on Jan 30, 2022
Last Activity

Can I have a weekend/part-time job as a Consultant?

Healthcare management consulting
Most recent answer on Jul 29, 2021
The best answer (on Jul 28, 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 Jul 28, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, There's a lot to this, so let me break it down simply: No matter what is said here, you need to check with HR and check your contract. Please do not engage in side work without double-checking the legal ... (read entire answer)
4
Answers
2.2 k
Views
37
Total Upvotes
on Jul 29, 2021 on Jul 29, 2021
Last Activity

Liberty Healthcare

Healthcare McKinsey Victor Cheng
Question edited on Jun 17, 2021
Tim
Proficient
asked on Jun 16, 2021
McKinsey Final Round on Sept 2nd. Looking for experienced case partners (those who want to focus on PEI)
Hi - has anyone done Victor Cheng's Liberty Healthcare case? For Question #7 I'm unsure why the 1% is multiplied by the net cost between Young & Healthy and Unhealthy ($34,000) to arrive at $340 per customer... If ... (read entire question)
1
Answer
1.1 k
Views
0
Total Upvotes
on Jun 17, 2021 on Jun 17, 2021
Last Activity

Can anyone suggest the method for estimating the market size for diabetes devices?

Healthcare
Most recent answer on Feb 28, 2021
The best answer (on Feb 16, 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 Feb 16, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, The best way to learn is by doing :) Post your approach here and we can provide feedback! General Tips for Market Sizing Just like in a case, make sure you understand the question - what are you really ... (read entire answer)
4
Answers
1.2 k
Views
27
Total Upvotes
on Feb 28, 2021 on Feb 28, 2021
Last Activity

Specialise in Digital Healthcare early on?

BCG DataScience digital healthcare Healthcare healthcare pharma Private Equity
Most recent answer on Feb 07, 2021
The best answer (on Feb 05, 2021) is from:
Clara
Expert
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Clara
Expert
gave the best answer on Feb 05, 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Hello! Perhaps you are the same person than wrote the last post ;) Given that you clarify what your long-term goal is, in this case Healthcare PE, I think it makes all the sense in the world to make this change and ... (read entire answer)
8
Answers
811
Views
80
Total Upvotes
on Feb 07, 2021 on Feb 07, 2021
Last Activity

EY Business Consulting (Advisory) or EY Parthenon?

Digital digital healthcare EY-Parthenon Healthcare healthcare pharma
Most recent answer on Feb 06, 2021
The best answer (on Feb 05, 2021) is from:
Clara
Expert
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Clara
Expert
gave the best answer on Feb 05, 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Hello! There no absolute truth here, not at all. Both could be great options, it depends on you: What do you want to do longer term? If healthcare is your passion, then for sure makes sense. If you are interested ... (read entire answer)
8
Answers
1.9 k
Views
79
Total Upvotes
on Feb 06, 2021 on Feb 06, 2021
Last Activity

Doctor pre-MBA career advice.

boutique firms Career Advising Change Career doctor Healthcare healthcare pharma MBB
Most recent answer on Dec 22, 2020
The best answer (on Dec 21, 2020) 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 Dec 21, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, Thanks for posting! 1 - 110%. You are a fantastic candidate. MD MBAs are highly valued at strategy consultancies. It demonstrates that you can both think intelligently and communicate intelligently (I'll l ... (read entire answer)
7
Answers
1.3 k
Views
22
Total Upvotes
on Dec 22, 2020 on Dec 22, 2020
Last Activity

Healthcare in the Middle East

Healthcare Middle East
Most recent answer on Jul 31, 2020
Anonymous gave the best answer on Jul 31, 2020
Dear Laure, As an expert in the Middle East region I need to pop out that in general there is not so much healthcare industry in the Middle East, whether it's KSA, UAE or other. Therefore healcare practices are not re ... (read entire answer)
3
Answers
1.7 k
Views
6
Total Upvotes
on Jul 31, 2020 on Jul 31, 2020
Last Activity

Business Consulting @ Kaiser Permanente

Case Interview Healthcare Nonprofit
Most recent answer on Aug 27, 2019
Anonymous A gave the best answer on Aug 27, 2019
How did it go? I also will be doing a case study interview in less than a week! Curious as to how your experience went and what resources you found to be the most valuable.
1
Answer
2.5 k
Views
1
Total Upvotes
on Aug 27, 2019 on Aug 27, 2019
Last Activity
1 - 20 of 26 results
How likely are you to recommend us to a friend or fellow student?
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0 = Not likely
10 = Very likely