How to become a successful Consultant at McKinsey, BCG or Bain

Do you want to become a successful consultant at McKinsey, BCG, Bain or a similar management consulting firm? During my time at McKinsey, one of my mentors gave me a piece of advice that had a great impact on my work as a consultant. The mentor talked about three stages that consultants typically go through in their professional development. Understanding these three stages and the behaviors and skills that are typically associated to them helped me to grow more quickly as a consultant. This video shares essential management consulting skills, crucial for every career in professional services. Learn how to become a successful consultant at MBB (McKinsey, BCG, Bain) and other firms. I share crucial tips for 1st year consultants. Learn how to become a trusted advisor.

Chapters
00:00 Stage 1: What young consultants do wrong
04:12 Stage 2: Key insight for successful consultants
07:50 Stage 3: This is how you become partner

#consulting #professionalservices #trustedadvisor

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[FirmLearning]

Want to learn how to create slide presentations like leading consulting firms? This is my full course:

[jameszhu]

It’s been a year since I subscribed to this channel, never fails to bring me more insights and valuable tips in all directions.

[kizitookougbo]

Thank you so much. I will be starting at McKinsey soon and will definitely implement your suggestions

[tchit]

This completely changed how I see working with a client. I am still a student but am a project lead for a consulting engagement with a start up, and I have not been enjoying the experience because I've been using them as a data source and constantly feeling like I'm working for someone else while delivering little value. But if I collaborate and co-create the solution with them, I can actually deliver value to them while not bearing all the uncertainty/responsibility.

[nater]

On my first Study now and reflecting a lot on your inputs :) thank you for being a great virtual mentor!

[raonezeviani]

Honestly, this is a great video. Thank you so much for your insights!

[maywealwaysbehappy]

Its awesome how you articulated this! Its something i know subconsciously but i love that you structure and brought it to light :)

[victorjong]

I really like the format without mini edits between each sentence, keep it up!

[Bellarue]

Heinrich is just excellent! I’ve been on some channels where I wondered if they’ve ever been a consultant.

[adage]

Your concepts hold in non consulting scenarios also. We are a fintech with a product for banks to manage AI driven decision for compliance. We take the 'trusted advisor' approach there as we solution sell our software and tell them best practices they should be adopting using our tech and our deep domain knowledge.

Great lecture series.

[alexanderwohlfahrtm.sc.]

Always enjoying your content Heinrich :) Great job!

[vaibhavsinghal]

This is so relatable and relevant, Heinrich. Thanks for sharing this!

[qiszyum]

Hi, I just worked in the consulting field. I'll learn a lot from your videos!

[lcsxwtian]

Love that Level 3 thinking! Truly the differentiator!

[ssegherss]

I like your unedited, conversational style - if you were less structured than you are, it might've been less clear but you do an amazing job.

[kseniatech]

Great video. Thank you! deep respect for your english

[FadliBKL]

Thanks, Heinrich!
It really opens my mind. Thanks.

[zahoosen]

So insightful - thank you for sharing your wisdom with us!

[dinrubens]

I was watching your videos to prepare for my interviews
Now I got in and watch your videos to get some advice on performing as a fist-year consultant
Thank you💫

[judyl.]

1:15
3 stages of a consultant.
First stage: data gatherer, treat people as source of data, this relationship is transactional
4:25
Second stage: co-creation that they have some insights and buy-in.
6:20 also internal problem solving meeting.
7:20 also create their visibility in the firm.
8:00
Third stage: when you're a senior project lead/ partner. then you become a trusted advisor.
position yourself as a person to add value for any business discussion.
9:35 insights from expert networks. then maybe invitation to the dinner and lunch.
9:00 project sponsor.
11:15 be able to co-create is a very important point to get evaluated and promoted for you.