MBB or boutique

Consulting Lessons Learned 36: MBB or boutique firm Many graduates are very unsure about which consulting firm fits best to them. Many of our clients receive numerous offers from different consulting firms and it can be quiet difficult to decide for one firm in the end. One major component you Read more…

What are your weaknesses?

Consulting Lessons Learned 35: Weaknesses Preparing for your interviews in management consulting? Well you should be prepared to talk about your strengths but also weaknesses. This is an absolute standard question in every consulting interview and actually also in most other non-consulting interviews. While explaining your strengths will be easy Read more…

Weekend optimization

Consulting Lessons Learned 30: Optimizing weekends Many consulting new-hires underestimate the impact of their job start on their leisure time. It was the same for me: As a student, I was used to do “annoying” household tasks like washing clothes, cleaning my apartment, or going grocery shopping during the workweek. Read more…

Understanding pressure

Consulting Lessons Learned 29: Understanding pressure When working in consulting, the pressure you experience on the job will often look very much like a sine-curve. A constant change between very busy, high-pressure situations, followed by a certain “relieve” phase. Some junior consultants start to feel not self-determined enough in these Read more…

Giving push-back

Consulting Lessons Learned 28: Pushing back When starting at a top consulting firm, many people will tell you how important it is to also give push-back. Back when I started as a fresh new-hire associate, I was working endless night shifts. Colleagues often told me, that I should just “push-back” Read more…

Golden handcuffs

Consulting Lessons Learned 27: The golden handcuffs dilemma This lessons learned is not so much about how to perform great on the job, but rather about your own financial mindset as a consultant. Let’s get this straight right at the beginning: As a consultant, chances are pretty high you have Read more…

Efficiency hacks

Consulting Lessons Learned 21: Consulting efficiency hacks Besides reaching very high quality levels, efficient working should be one of your top targets as a junior consultant. One important aspect of efficient working are personal routines. These become especially relevant because you will have to work in new environments constantly. Therefore, Read more…

Sport & Fitness

Consulting Lessons Learned 18: Doing sport as a management consultant You are used to playing in your local soccer team? With your new job as a management consultant, it will be much tougher to participate. Traveling to clients every week and working long hours create some challenges when trying to Read more…

Work with scenarios

Consulting Lessons Learned 16: Use scenarios to reduce complexity Let’s say you are calculating a business case. Usually, there will be a bunch of options you would like to take into consideration: Closing plant A or B? Reducing or increasing product portfolio? and so on… Of course you could build Read more…

Setting deadlines

Consulting Lessons Learned 15: Setting deadlines You need something urgent? Set a deadline! Just because you are used to replying to emails within 24 hours doesn’t mean that your couterparts do the same. Here is a very typical situation every junior consultant experiences at least a few times: Your project Read more…

Written proof

Consulting Lessons Learned 14: Confirm important input in writing As a consultant, you will regularly have to work with input from your client or other experts. You often receive this input verbally during joint meetings or phone calls. The problem is: Especially in these cases, using this input can cause Read more…

Meeting minutes

Consulting Lessons Learned 13: When to send minutes Writing meeting minutes is a regular task, especially for junior consultants. However, don’t underestimate the importance of writing minutes! Here are the two key situations, when you should start to write minutes proactively: 1) Basically, whenever you have a meeting with the Read more…

So what?

Consulting Lessons Learned 11: So what? Today’s lessons learned will be about one of the most important lessons for most junior consultants: Always ask the “so what” question! As a junior consultant, you will often work on highly operational tasks, like an excel analysis or a client interview. You will Read more…