Cookie and Privacy Settings

This website uses cookies to enable essential functions like the user login and sessions. We also use cookies and third-party tools to improve your surfing experience on preplounge.com. You can choose to activate only essential cookies or all cookies. You can always change your preference in the cookie and privacy settings. This link can also be found in the footer of the site. If you need more information, please visit our privacy policy.

Data processing in the USA: By clicking on "I accept", you also consent, in accordance with article 49 paragraph 1 sentence 1 lit. GDPR, to your data being processed in the USA (by Google LLC, Facebook Inc., LinkedIn Inc., Stripe, Paypal).

Manage settings individually I accept
1

Technical Challenges on Working as Consultant

Hello prep lounge community,

Happy new year and hope all is well,

I have been thinking a lot about the technical challenges (when i say technical challenges not related with people) that a consultant would face when working at client's site and i am trying to visualise ways to overcome those challenges.

Here is one example i can think of:

How to do market sizing when there is a lack of shelve data in general, and if the industry is very fragmentised? Can the consultant use proxy industry? Also, if lets say the consultant need to build data from ground up, how should that be done?

I would also appreciate it if you guys can point out more examples of technical challenges a consultant would face in the job,

Thanks and regards,

From future MBB employee :)

Hello prep lounge community,

Happy new year and hope all is well,

I have been thinking a lot about the technical challenges (when i say technical challenges not related with people) that a consultant would face when working at client's site and i am trying to visualise ways to overcome those challenges.

Here is one example i can think of:

How to do market sizing when there is a lack of shelve data in general, and if the industry is very fragmentised? Can the consultant use proxy industry? Also, if lets say the consultant need to build data from ground up, how should that be done?

I would also appreciate it if you guys can point out more examples of technical challenges a consultant would face in the job,

Thanks and regards,

From future MBB employee :)

1 answer

  • Upvotes
  • Date ascending
  • Date descending
Best Answer

Hey,

Let me start by congratulating you on your upcoming role at MBB.

Regarding your question and/or any market estimation in general (whenever you can't find any report with the data are already off-the-shelf somewhere else), there is two main options to go: top-down or bottom-up. Assuming it is a too fragmented market, it would be difficult to go into a bottom-up, so most likely you will need to find a proxy/approach to reach a value from a top-down perspective - which is just the same problem solving method you need to use in consulting interviews asking for a market sizing estimation.

That said, if I was you I wouldn't be worried about this type of issues... as you shouldn't be expecting the clients to just pop up in the team room and ask such questions out of nowhere, so you will have plenty of time to problem solve it (with the help of your team)

Best

Bruno

Hey,

Let me start by congratulating you on your upcoming role at MBB.

Regarding your question and/or any market estimation in general (whenever you can't find any report with the data are already off-the-shelf somewhere else), there is two main options to go: top-down or bottom-up. Assuming it is a too fragmented market, it would be difficult to go into a bottom-up, so most likely you will need to find a proxy/approach to reach a value from a top-down perspective - which is just the same problem solving method you need to use in consulting interviews asking for a market sizing estimation.

That said, if I was you I wouldn't be worried about this type of issues... as you shouldn't be expecting the clients to just pop up in the team room and ask such questions out of nowhere, so you will have plenty of time to problem solve it (with the help of your team)

Best

Bruno

Related case(s)

MBB Final Round Case - Smart Education

Solved 7.1k times
MBB Final Round Case - Smart Education Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US. The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadvantaged areas. The client is considering starting operations for its services in the Chicago area. They hired us to understand if that makes sense. Due to the nonprofit regulation, SmartBridge should operate on its own in the market, without any partnership. How would you help our client?
4.6 5 298
| Rating: (4.6 / 5.0)

Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US. The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadvant ... Open whole case