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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Improved structuring skills to be less generic, however now they are too confusing

case structure Framework strategic plan Structure
Most recent answer on Feb 29, 2024
The best answer (on Feb 09, 2024) is from:
Gero
Expert
Ex-BCG │200+ Interviews & Interview Coachings @ BCG │ 20+ candidates coached into MBB │WHU/LSE/Nova │ Teacher & Trainer
Gero
Expert
gave the best answer on Feb 09, 2024
Ex-BCG │200+ Interviews & Interview Coachings @ BCG │ 20+ candidates coached into MBB │WHU/LSE/Nova │ Teacher & Trainer
Hi there, First of all, great that you have overcome using memorized frameworks. Let's see what might be the issue based on your description.  I hypothesize that you are a bottom-up thinker who comes up with numerous ve ... (read entire answer)
4
Answers
222
Views
59
Total Upvotes
on Feb 29, 2024 on Feb 29, 2024
Last Activity

How realistic is MBB for someone of my background?

MBB recent graduate strategic plan
Most recent answer on Dec 31, 2023
The best answer (on Dec 25, 2023) is from:
David
Expert
Case Coach | Bain & Company | PwC M&A Deals Advisory | INSEAD MBA | SG & SEA
David
Expert
gave the best answer on Dec 25, 2023
Case Coach | Bain & Company | PwC M&A Deals Advisory | INSEAD MBA | SG & SEA
Hi there, You definitely have a chance with MBB. To maximize your chances, here are a few things you can do: 1. Conduct research/networking to identify which industries MBB are strong in your country as they typically w ... (read entire answer)
9
Answers
293
Views
108
Total Upvotes
on Dec 31, 2023 on Dec 31, 2023
Last Activity

Impact of AI on consulting industry

artificial intelligence change management management consulting preplounge strategic plan
Question edited on May 08, 2023
The best answer (on May 06, 2023) is from:
Cristian
Expert
#1 rated MBB & McKinsey Coach
Cristian
Expert
gave the best answer on May 06, 2023
#1 rated MBB & McKinsey Coach
Hi there,  That's a great question to ask ChatGPT :) That aside, I believe AI will have a great effect on consulting. I imagine it becoming a sort of colleague supporting you on a client engagement. It could provide you ... (read entire answer)
5
Answers
1.3 k
Views
65
Total Upvotes
on May 08, 2023 on May 08, 2023
Last Activity

Online credit comparison portal wants to grow its business (market sizing + strategic case)

competitive analysis growth strategy Market sizing strategic plan
Most recent answer on Dec 31, 2021
Anonymous A gave the best answer on Nov 08, 2018
Hi Samuel, Thanks for sharing your example, it is quite an interesting case. I will try to answer the questions, please suggest improvements and we can have a dialogue about it. 1. Market sizing population of cou ... (read entire answer)
3
Answers
2.6 k
Views
2
Total Upvotes
on Dec 31, 2021 on Dec 31, 2021
Last Activity

What is the typical consulting structure of a strategic plan?

MBB MBB & Big 4 MBB Cases MBB Consulting strategic plan Structure
Most recent answer on Apr 10, 2021
The best answer (on Apr 10, 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 Apr 10, 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate
Hi Roberto, You have to be much more specific. Are you talking a proposal for work (RFP)? Or a project kick-off deck? Or a final deliverable presented to the CEO? Regardless, for any of these it would be hard to ... (read entire answer)
1
Answer
1.1 k
Views
12
Total Upvotes
on Apr 10, 2021 on Apr 10, 2021
Last Activity

Is this a more of a corporate strategy, strategic planning or consulting role?

consulting job Corporate Strategy growth strategy strategic plan
Most recent answer on Dec 11, 2020
The best answer (on Oct 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 Oct 06, 2020
McKinsey offers w/o final round interviews - 100% risk-free - 10+ years MBB coaching experience - Multiple book author
Hi Anonymous, For the same actual role many job titles are used across different companies - so don't worry too much about the specific role title as long as it's not completely misleading. It's more important what ... (read entire answer)
4
Answers
969
Views
20
Total Upvotes
on Dec 11, 2020 on Dec 11, 2020
Last Activity

5-year strategic plan

strategic plan
Most recent answer on Mar 26, 2020
The best answer (on Mar 26, 2020) 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 Mar 26, 2020
#1 Coach for Sessions (4.000+) | 1.500+ 5-Star Reviews | Proven Success (➡ InterviewOffers.com) | Ex BCG | 10Y+ Coaching
Hi there, yes, they definitely cover them, I worked on a strategic plan myself while at BCG. You can expect a lot of other projects as well though – say a 2-year operations process in Oil&Gas with not much fancy i ... (read entire answer)
5
Answers
1.2 k
Views
6
Total Upvotes
on Mar 26, 2020 on Mar 26, 2020
Last Activity

Strategic Planning vs. Strategic Projects

strategic plan strategic value
Recent activity on Feb 02, 2019
The best answer (on Feb 01, 2019) 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 01, 2019
Ex-MBB, Experienced Hire; I will teach you not only the how, but also the why of case interviews
Your understanding of strategic projects is correct; strategic planning however iis "strategic" in name only: the role is mostly about aggregating numbers and creating pretty slides for the next exec meeting. In my opin ... (read entire answer)
4
Answers
2.1 k
Views
3
Total Upvotes
on Feb 02, 2019 on Feb 02, 2019
Last Activity

Case Study Question: Define what to include in a strategic plan

strategic plan strategy
Recent activity on Oct 15, 2018
Anonymous gave the best answer on Oct 15, 2018
I'd say that's a pretty solid structure. Missing points to add somewhere (I'm sure you included it implicitly, but make it explicit) Value Proposition & USP Marketing & Sales Risks & Mitigation ... (read entire answer)
1
Answer
2.5 k
Views
2
Total Upvotes
on Oct 15, 2018 on Oct 15, 2018
Last Activity
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