Revealing BCG, Mckinsey Requirements, Case Interview 😱: Tips from a BCG Consultant

I worked for a boutique consulting firm run by 2 Ex- Mckinsey Partners after college. In this video, I share the detailed plan of getting into consulting after college as I did once after my undergraduate institute, St. Stephen's College.

In this video, I share a detailed plan on how to get into consulting after college: requirements, target schools, spike, interviews, and fit with the firm for CAs also.
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Shatakshi is Co-CEO of 🚩Global Governance Initiative (MBA program recently featured by Poets & Quants), a former public policy advisor to 🚩Tony Blair, an Ex- 🚩Boston Consulting Group, BCG, management consulting and did her 🚩MBA from 🚩Indian School of Business (ISB), Hyderabad. She has also studied International Affairs and Tech Entrepreneurship at the world's premier school - the Fletcher School of Law and Diplomacy at Tufts University and Harvard Business School, Boston.

She has been also felicitated with The Most Promising Women Leader 2021 award by ET and 🚩Linkedin Top Voice 2021. Her interviews have been published in leading policy and careers organizations- Modern Diplomacy, BCG, Poets & Quants, Your Story.

She will be uploading daily content on 🚩career advancement (MBA, consulting) 🚩personal finance, and 🚩productivity hacks. Be sure to subscribe to the channel to get notified whenever she uploads the video.

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Have you ever wondered what is management consulting? Or, what are your chances of getting into BCG, Mckinsey, and Bain after your undergraduate degree is over? In this career insight, I will answer these questions for you based on my personal experience.

I would be structuring this article into 2 parts- (old habits die hard) :p

Who are management consultants?

Before we delve into your chances, it will also be best we understand the wold of consulting first.

Historically, advisors have held a prestigious position in society. Kings and queens often looked up to these advisors for the welfare of their kingdom and for devising war strategies. The only difference is that those were in-house advisors, and belonged to the same kingdom.

The management consulting model is just a little different. Consultants typically work for external clients, rather than being part of the client’s team. This brings in a lot of fresh perspective to the advice.

However, today a lot of companies also hire in-house strategy folks. By doing so, they do not necessarily rely on an external firm.

Coming back to the profile of a consultant. Consultants work with the CXOs and CEOs of leading organizations to solve the root cause of P&L problems. You are invested in issues such as increasing revenue, reducing cost, mergers and acquisitions and due diligence, which have large-scale impacts.

And hence you get a more hands-on experience by working closely next to CEOs and CXOs.

What are your chances of getting into management consulting?

Now that you have understood the role of a consultant, you might be wondering about your chances to land a role. To illustrate your chances clearly, I am going to create a structure.

2.1 Target Schools

MBB firms especially in India have certain target schools from which they hire. Some of these target institutions at the undergrad stage are- St. Stephen’s College, Sri Ram College of Commerce (SRCC), Lady Sri Ram College for Women (LSR) and old IITs.

The firms hire front-end consultants exclusive by having a target hiring pool.

One thing to note though is that there are fewer restrictions for back-end and research consultants in the same firms.

This will certainly raise a question on whether you are part of a target school or not. To determine that, all you have to do is go back and look at historical placements of your school for the last 6-7 years. If your alumni have been hired by these MBB firms, then you are part of target school list.

[ktrsmart]

Please educate about Boutique consulting firms so this obsession can be avoided .

[mahe-gwdru]

We are getting admitted to college this month so please make a video on MBA specialization's which are introduced recently ( especially Business analytics & Logistics and Supply chain management etc... ) 🙏🏻

[hemkeshyeole]

Maam we need more information on boutique consulting firms

[zavadyaundgichya]

I have completed B. Tech (CSE) recently.. which firms should I apply for after gaining the required skills in Management Consulting?

[Akash-uzqr]

As a commerce student if we wanna work in MBB or in financial company like jp.morgan.
And our college is not srcc or any Du college. College is not even in top 10k
And academically it's not possible to crack IIM as 10-12-graduation i have 75-70-65% .. so is there any other way we can work in such companies.
Apart from IIM..
Currently i m pursuing CMA. It's like CA. But I never seen someone from my background who is working in such companies..

So what is there any other way?

And i can't pursue regular mba beacuse i m doing a job too..

And i am thinking to take your course but i think in 1-2 year's I should complete CMA first and after that if i take your course then it will be much benifaical for me...

What do u suggest??

[amitkarmhe]

@Shatakshi, I would like to know about all the checkboxes.

[farhatali]

hi ma'am i have understood this a for a while now and i want to target these botique consulting firms, but i am not able to understand where can I find these firms. please help