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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Data collection/Fieldwork

data Market research
Most recent answer on Oct 15, 2023
The best answer (on Oct 15, 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 15, 2023
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer
Hi, This is an interesting question. Ultimately in consulting the mindset is to deliver the best outcome for the client. If we need data as part of that answer, then the data needs to be obtained / created Is it the mos ... (read entire answer)
3
Answers
2.0 k
Views
9
Total Upvotes
on Oct 15, 2023 on Oct 15, 2023
Last Activity

Equity Research for Sales and Trading in an Investment Banking Interview

investment banking Market research Technical Experience Interview technical skill trading
Most recent answer on Aug 08, 2023
The best answer (on Aug 06, 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 Aug 06, 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, Agree with the others. Other platforms would be better suited :)
6
Answers
387
Views
36
Total Upvotes
on Aug 08, 2023 on Aug 08, 2023
Last Activity

Switching from consultant to account manager

consulting Market research sales
Most recent answer on Feb 10, 2023
The best answer (on Feb 09, 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 09, 2023
Ex-BCG Principal | 8+ years consulting experience in SEA | BCG top interviewer & top performer
Hello, As Cristian mentioned, your question and context is a little vague, but you could compare the 2 options in terms of the following variables/considerations: Role differences What are the role differences and which ... (read entire answer)
5
Answers
1.1 k
Views
56
Total Upvotes
on Feb 10, 2023 on Feb 10, 2023
Last Activity

Shifting from market research to strategy consulting

Career Advising consulting Market research
Most recent answer on Dec 20, 2022
The best answer (on Dec 12, 2022) is from:
Cristian
Expert
#1 rated MBB & McKinsey Coach
Cristian
Expert
gave the best answer on Dec 12, 2022
#1 rated MBB & McKinsey Coach
Hi there,  The switch is not easy, but definitely not impossible.  In your situation, there are basically two things that you need to clarify in an application or conversation with a recruiter. 1. That you have the skil ... (read entire answer)
11
Answers
1.4 k
Views
66
Total Upvotes
on Dec 20, 2022 on Dec 20, 2022
Last Activity

Research Analyst McKinsey

Market research Research Analyst
Most recent answer on Jun 13, 2022
The best answer (on Jun 12, 2022) is from:
Cristian
Expert
#1 rated MBB & McKinsey Coach
Cristian
Expert
gave the best answer on Jun 12, 2022
#1 rated MBB & McKinsey Coach
Hi there,  Sure, I can give you an overview since I've worked with plenty research analysts over the years at McKinsey.  Let's take the following random example. I am a consultant serving Coca-Cola. My workstream is loo ... (read entire answer)
2
Answers
964
Views
15
Total Upvotes
on Jun 13, 2022 on Jun 13, 2022
Last Activity

How to estimate market penetration rate in reality?

estimation market sizing market estimation Market penetration Market research
Most recent answer on Mar 17, 2021
The best answer (on Mar 16, 2021) is from:
Denis
Expert
Goldman Sachs Investment Banker NYC | Ex-Bain 5 yrs| MBA Chicago Booth | Passed > 13 MBB > 20 IB interviews
Denis
Expert
gave the best answer on Mar 16, 2021
Goldman Sachs Investment Banker NYC | Ex-Bain 5 yrs| MBA Chicago Booth | Passed > 13 MBB > 20 IB interviews
In my experience a mere exercise of triangulation: what are reports saying, what are industry experts saying in interviews or what is the client saying, does this align with the available top-line financial information. ... (read entire answer)
4
Answers
1.1 k
Views
52
Total Upvotes
on Mar 17, 2021 on Mar 17, 2021
Last Activity

Any Advice On Tools For Researching? - Info Collection, Distilling Reports, Managing Knowledge

Advice knowledge Market research Recommandation reports software
Most recent answer on Jul 14, 2020
The best answer (on Jul 13, 2020) 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 Jul 13, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Hello! I am a control freak and I love One Note, since it has a very good search tool that helps you very quickly find info. Furthermore, it lets you attach files and also make levels and sub-levels to keep it all ... (read entire answer)
4
Answers
1.2 k
Views
6
Total Upvotes
on Jul 14, 2020 on Jul 14, 2020
Last Activity

Market research position in consulting

Market research
Recent activity on Sep 09, 2016
Anonymous gave the best answer on Aug 25, 2016
Normally there are no cases for Research Team positions as you'll not be interviewed by consultants. However, it would be interesting to heavily understand the market you'd be focusing in should you be hired. Hope th ... (read entire answer)
2
Answers
3.4 k
Views
1
Total Upvotes
on Sep 09, 2016 on Sep 09, 2016
Last Activity
8 results
How likely are you to recommend us to a friend or fellow student?
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0 = Not likely
10 = Very likely