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
208
Views
95
Total Upvotes
on Feb 29, 2024 on Feb 29, 2024
Last Activity

Strategy& vs. Roland Berger in London

consulting firms consulting industry London Roland Berger strategy&
Most recent answer on Nov 30, 2023
The best answer (on Nov 30, 2023) 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 Nov 30, 2023
Ex-Roland Berger|Project Manager and Recruiter|7+ years of consulting experience in USA and Europe
Hi, I have personal experience with RB and can say that the London office mainly focuses on due diligence work. Projects are done out of the office with typically little travel. That said, many consulting firms located ... (read entire answer)
4
Answers
7.1 k
Views
24
Total Upvotes
on Nov 30, 2023 on Nov 30, 2023
Last Activity

Top tier/tier2/tier3 consulting firms??

consulting consulting firms consulting industry germany MBB order tier1 tier2 tier3 Top tier
Most recent answer on Oct 08, 2023
The best answer (on Oct 21, 2021) is from:
Christine
Admin
PrepLounge Community & Marketing Manager
Christine
Admin
gave the best answer on Oct 21, 2021
PrepLounge Community & Marketing Manager
Hi there,  Thank you for this question! It's not stupid at all. Everyone starts somewhere and I believe the answers by our case coaches have helped a lot of candidates to get a feeling of the industry. If you have alrea ... (read entire answer)
26
Answers
216.3 k
Views
136
Total Upvotes
on Oct 08, 2023 on Oct 08, 2023
Last Activity

What is your opinion on entering Big Four firms as a consultant?

Bain BCG big four consulting industry Deloitte EY KPMG MBB McKinsey PwC
Most recent answer on Sep 30, 2023
The best answer (on Feb 16, 2018) is from:
Francesco
Expert
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Francesco
Expert
gave the best answer on Feb 16, 2018
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Hi Anonymous, Big 4 and MBB have a different focus in terms of projects. Specifically, Big 4 work more on implementation projects rather than strategy. However, many of the Big 4 have now also a strategy branch, thank ... (read entire answer)
12
Answers
37.3 k
Views
58
Total Upvotes
on Sep 30, 2023 on Sep 30, 2023
Last Activity

MBB industry/capability strength?

Bain consulting industry MBB McKinsey The Boston Consulting Group
Most recent answer on Mar 29, 2023
The best answer (on Mar 27, 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 Mar 27, 2023
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years
Hi there, I think this is an interesting question that may be relevant for many people. I would be happy to share my thoughts on it: First of all, while Bain certainly is the market leader in private equity consulting o ... (read entire answer)
8
Answers
958
Views
66
Total Upvotes
on Mar 29, 2023 on Mar 29, 2023
Last Activity

Difference between working at inhouse and strategy consultancy

consulting consulting industry inhouse consulting on the job strategy consulting
Most recent answer on Aug 19, 2022
The best answer (on Feb 02, 2017) is from:
Guennael
Expert
Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews
Guennael
Expert
gave the best answer on Feb 02, 2017
Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews
In house strategy shops are typically lead and heavily staffed by former MBB consultants. The type of work will be fairly similar but specific to your own company obviously, and assignments may last a little longer (tha ... (read entire answer)
3
Answers
16.0 k
Views
12
Total Upvotes
on Aug 19, 2022 on Aug 19, 2022
Last Activity

List of inhouse consultancies

consulting firms consulting industry inhouse consulting
Most recent answer on Aug 19, 2022
Anonymous gave the best answer on Apr 28, 2017
Most large firms tend to have internal consulting arms now to avoid spending 4-10x on hiring MBBs, prefering to do that only for the most strategic engagements. Some names that come to mind: 1. Siemens Management Co ... (read entire answer)
3
Answers
6.3 k
Views
3
Total Upvotes
on Aug 19, 2022 on Aug 19, 2022
Last Activity

Offer Consideration: Kearney Dubai

A.T. Kearney business analyst consulting industry entry level investment banking Kearney dubai Private Equity
Most recent answer on Sep 09, 2021
The best answer (on Sep 09, 2021) is from:
Agrim
Expert
BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting
Agrim
Expert
gave the best answer on Sep 09, 2021
BCG Dubai Project Leader | Learn to think like a Consultant | Free personalised prep plan | 6+ years in Consulting
Your question and situation is complex to answer over this forum. Please write to me - I have recently had 2 coachees for Kearney Dubai and several more for Dubai in-general. Having worked in Dubai, I can also answer yo ... (read entire answer)
1
Answer
1.7 k
Views
13
Total Upvotes
on Sep 09, 2021 on Sep 09, 2021
Last Activity

Consulting after industry experiences - how hard is it?

consulting industry
Question edited on Sep 05, 2021
The best answer (on Nov 08, 2019) 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 Nov 08, 2019
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching
Hi, I would focus now on the interviews you are going to handle, working on the negative feedback by RB. Feel free to text me for any tips on the set-up of a structured preparation plan. Best, Antonello
7
Answers
1.6 k
Views
19
Total Upvotes
on Sep 05, 2021 on Sep 05, 2021
Last Activity

Where can I get documents or casebooks with Industry overview?

casebook Casebooks consulting industry industry industry dynamics industry trend
Most recent answer on Apr 11, 2021
The best answer (on Apr 11, 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 Apr 11, 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut
Hello! Have a look into IVY LEAGUE case prep books, since they normally include some pages on industry overviews. Furthermore, in the PrepL shop there is a guide about the pharma industry, in case you are intereste ... (read entire answer)
2
Answers
963
Views
27
Total Upvotes
on Apr 11, 2021 on Apr 11, 2021
Last Activity

Applicant Records, Personal Data, and Data Protection Laws: Can Personal Data be Retained without Consent?

application process BCG CV records consulting industry CV law personal data
Most recent answer on Mar 11, 2021
Anonymous A asked on Jul 23, 2018
Hi, How do consulting companies justify keeping a candidate's application and personal details on file when the candidate has often not provided his/her personal consent during the application process? Additionally, ... (read entire question)
1
Answer
2.8 k
Views
0
Total Upvotes
on Mar 11, 2021 on Mar 11, 2021
Last Activity

Monitor Deloitte Prestige in Europe

benchmarking consulting industry Monitor Deloitte
Most recent answer on Dec 30, 2020
The best answer (on Dec 05, 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 05, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi there, So yes, in general, Monitor Deloitte is perceived well (big 4 are generally perceived well everywhere). In regards to comparison against S&, OW, and RB, it's along the same lines (depending on who you ... (read entire answer)
6
Answers
4.1 k
Views
61
Total Upvotes
on Dec 30, 2020 on Dec 30, 2020
Last Activity

Executive order impact on international students

consulting industry EO executive order international student trump
Most recent answer on Nov 15, 2020
The best answer (on Jun 24, 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 Jun 24, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi, While it's hard to say the exact impact, I am sorry to say that everything happening now, not just the ban on foreign workers, is currently and will continue to impact recruiting. To be clear, there are and alwa ... (read entire answer)
4
Answers
1.3 k
Views
7
Total Upvotes
on Nov 15, 2020 on Nov 15, 2020
Last Activity

Resources to build industry specific knowledge for Case solving (specially in Indian context)

case partners caseprep consulting consulting industry consultingcases101 Good resources industry Strategy case solving
Most recent answer on Oct 16, 2020
The best answer (on Sep 30, 2020) is from:
Henning
Expert
Bain | passed >15 MBB interviews as a candidate
Henning
Expert
gave the best answer on Sep 30, 2020
Bain | passed >15 MBB interviews as a candidate
Hi Avya! Great that you want to structure your case prep! The beautiful thing about consulting interview cases is that you basically don't need any industry specific knowledge. The toolkit that you build during the ... (read entire answer)
5
Answers
1.2 k
Views
14
Total Upvotes
on Oct 16, 2020 on Oct 16, 2020
Last Activity

Career path to consulting

career progression consulting industry MBB
Most recent answer on Aug 31, 2020
The best answer (on Nov 14, 2019) is from:
Daniel
Expert
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Daniel
Expert
gave the best answer on Nov 14, 2019
McKinsey / ex-Interviewer at McKinsey / I will coach you to rock those interviews
Hi! I can speak for McKinsey: candidates with agile experience have been really searched for in the past few years. I have myself done two “agilization” projects at the Firm and we were struggling to find experts within ... (read entire answer)
3
Answers
2.0 k
Views
2
Total Upvotes
on Aug 31, 2020 on Aug 31, 2020
Last Activity

How do the working hours differ among consulting firms?

consulting industry MBB tier1 tier2 Top tier working hours
Most recent answer on Jun 16, 2020
Anonymous gave the best answer on Jan 06, 2018
Bain, BCG and McKinsey all have initiatives to ensure the wellbeing and satisfaction of their teams. One of the dimensions that is closely monitored is hours. Number of working hours is not the only dimension and not ... (read entire answer)
7
Answers
12.6 k
Views
16
Total Upvotes
on Jun 16, 2020 on Jun 16, 2020
Last Activity

How has the consulting industry changed in the last 5/10 years?

change consulting consulting firms consulting industry
Most recent answer on Jun 10, 2020
The best answer (on Jun 06, 2020) is from:
Robert
Expert
McKinsey offers w/o final round interviews - 100% risk-free - 10+ years MBB coaching experience - Multiple book author
Robert
Expert
gave the best answer on Jun 06, 2020
McKinsey offers w/o final round interviews - 100% risk-free - 10+ years MBB coaching experience - Multiple book author
Hi Anonymous, Let me share a slightly more negatively painted picture of the consulting industry - but it's the real one in my opinion. Looking back, consulting industry and the top players definitely lost their gla ... (read entire answer)
7
Answers
2.7 k
Views
35
Total Upvotes
on Jun 10, 2020 on Jun 10, 2020
Last Activity

FTI consulting

consulting industry
Most recent answer on May 01, 2020
Anonymous gave the best answer on Apr 27, 2020
Hi there, I know a bit about them as I have a few friends / acquintances that work there, and have a friend that works in industry who worked with FTI. FTI Consulting is not really management consulting. They do eco ... (read entire answer)
2
Answers
2.0 k
Views
6
Total Upvotes
on May 01, 2020 on May 01, 2020
Last Activity

English Speaking Consulting Firms in Germany

consulting firms consulting industry germany language
Most recent answer on Apr 30, 2020
Anonymous gave the best answer on Apr 30, 2020
Hi A, I was in your shoes back in 2011-12, when I also came from Ukraine to start i Germany, and search for consulting jobs. I started to learn German from the scratch. So I can really understand your challenges. In ... (read entire answer)
4
Answers
10.7 k
Views
26
Total Upvotes
on Apr 30, 2020 on Apr 30, 2020
Last Activity

Management Consulting Job - MBA

consulting industry
Most recent answer on Apr 30, 2020
Anonymous gave the best answer on Apr 30, 2020
Hi Jack, UCONN is a non-target school as Ivy League. However, it's not only aboit your school, but also your grades, achievements and past experiences. Get a referral as a door opener. Good luck, andré
5
Answers
1.2 k
Views
2
Total Upvotes
on Apr 30, 2020 on Apr 30, 2020
Last Activity
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