Du sagst der obvious advice ist ja gar nicht so obvious und sagst dann Sachen, die ein Kunststudent weiß, wenn er 2-mal einen Joint mit einem BWLer geraucht hat, mach dich nicht lächerlich.
@CaseInterviewHub6 сағат бұрын
I recommend you watch our other videos which may help you understand how consulting works and what the roles and responsibilities on a consulting engagement team are.
@TheJamonLance6 күн бұрын
Mc partners are kinda smart, but they think they are smarter than they are. Once moved into real business world, they make lots of mistakes because the real world doesnt end in the theoretical slide, and they tend to optimize whatever KPI they found by cutting corners. My ex boss was a mcpartner, he was fired 3 years into the role because of fraud. He thought he was smarter than the dozens of people, processes and technology that was set to run the company. He also didnt know how to experiment in the market nor had any patience for organic growth to happen, everything was about closing whatever short term thing for this fiscal year, whatever it took, no matter how disaligned it was with existing capabilities or mid/long term strategy
@emmanueltrejo35316 күн бұрын
Ive worked at consulting and my partner and the other partners at the firm were really smart people, couple that with 15+ years of experience and dedication and you have an individual which is capable of understanding every business and their operations as well as its oportunities, when you get to that level you dont need to be a genius, you are a more than capable, the world is not run by geniuses, the world is run by these incredibly smart and hardworking people which have honed their skills for decades, as a conclusion, genius doesnt matter,
@Phlegethon8 күн бұрын
Yea work 70hrs a week regularly and see if you realyl want $1M or just quit to tech
@Phlegethon8 күн бұрын
Consulting firms that use to only hire from the top schools ended up hiring anyone with a pulse
@Rammyrich12 күн бұрын
They’re more genius than the rest of us are, and bulshitting is a part of the job - not lying, but performing. :)
@mhran85115 күн бұрын
The fact that you can make partner based solely on tenure is a huge red flag that shows they are not really geniuses
@CaseInterviewHub15 күн бұрын
It’s actually not at all based on tenure. Across the different levels there are time windows in which you should be promoted, and if you are not, the up-or-out principle becomes relevant. But WHETHER you are promoted is not dependent on tenure, it depends on whether you pass the bar that is set for the role. For being promoted from business analyst to associate, for example, you need to show that you can handle a workstream by yourself. For becoming a project manager you need to lead teams and create first knowledge contributions. And for making partner, among other things, it’s about your ability to create business. Becoming partner is actually not a promotion, but an ‘election‘. And if you are not elected several years in a row, you are asked to leave. If you are interested, we may make a video about how you can make partner.
@giuseppemagaddino26 күн бұрын
Good work, it's so clean!
@Weirtoe28 күн бұрын
How often can you watch tutorials that make you smile? This is seriously underrated, fantastic job, thank you!
@guillaumegeaymond503Ай бұрын
You said the only difference between a junior and senior consultant is proficiency in Excel and PowerPoint with utmost seriousness. I appreciate the honesty, I guess
@CaseInterviewHubАй бұрын
If you mean the section at 5:53, then we suggest you listen to it again. We mentioned PowerPoint, Excel, Project Management, and Client Interaction. This was just to give some flavor, we could have added to this list (e.g., comprehension skills ;)
@rafaelvaldiviamanrique6141Ай бұрын
Coming from academia i can tell you the folllowing: You are working the same hours, BUT you get 3X the money, 10X the contacts, 4x the benefits. It is absolutely a win for me.
@kiro2112Ай бұрын
Thanks for the explanation, very simple and understandable
@safiKhan-zl1riАй бұрын
Hello sir Do you need a professional KZbin thumbnail designer and youtube video SEO expert.?
@jessy_vsp9955Ай бұрын
Truly informative. Thanks a lot!
@kartik6764Ай бұрын
Anyone up there who transferred from big 4 to MBB? Or knows the similar case may be in friend circle or relatives!!
@georgekraxАй бұрын
Very helpful!
@GoosalkhaanaАй бұрын
UCall is coming a new startup which provides in hand consultation and in hand services ASAP at cheap & affordable rates
@dansmith8866Ай бұрын
Gen AI is a joke and could never take the job of a Consultant. News flash - if our clients could simply use Google, many consultants wouldn’t have jobs.
@jimbojimbo6873Ай бұрын
Literally no one in consulting uses fen AI
@DataTainment-ho1xqАй бұрын
РСУСУС
@87911Ай бұрын
Business consultant usually just a bunch of scammer, most of the time they walk away from fire with pocket full of cash. They don't have any real business experience but gives consulting. Like Elon musk said they just good with PowerPoint but don't know how thing works. And Steve Jobs said consultants is like explaining fruits but never try what that fruit taste like
@CaseInterviewHubАй бұрын
It's not quite that simple. Actually, we made a video about Steve Jobs' take on consulting: kzbin.info/www/bejne/jF6yY3ltoL2JaLs
@3aloyforeverАй бұрын
you also have to consider how well connected these consulting companies are, eg. Sundar Pichai and Benjamin Netanyahu both worked at McKinsey at some point, so there will always be a connection that these consulting firms will be able to provide.
@camgere2 ай бұрын
Do management consultants really have secret knowledge that makes everything good?
@jaeyoungchoi67902 ай бұрын
I agree that gen AI won't completely replace consultants, but I think, it is likely to replace some practices more than some other. Maybe you can make a video about this? for e.g. optimization projects vs CDD projects vs strategy projects - how each practices will be affected?
@CaseInterviewHub2 ай бұрын
That's an interesting question. We would say the rule of thumb is: The more individualized and context-specific the project is, the less likely you'll see AI. That's why we would say in order of most to least affected: CDD > Strategy > Operations/Optimization. The reasoning is that a CDD (commercial due diligence) often follows a similar structure and a similar playbook. You need to gather a lot of information about an asset and about a market. And if your AI is plugged into the right, high-quality data sources, you could relatively easily create certain market overviews, with growth rates, price changes, or market share developments. DDs are usually some of the most stressful projects with a lot of material to be produced, but part of it could be semi-automated. So, it could be an interesting proposition (even though it still needs a lot of human intelligence, reasoning, and contextualization). A strategy project is extremely company-specific. You could establish some market overviews with AI. But to lead the discussions on where the company should be headed is way beyond the AI. Lastly, operations projects. There are some types of optimizations where AI could be very useful (e.g., e-commerce, or logistics). But in others, where you really need to get your hands dirty, observe processes, and interview employees, it's much more difficult. That's extremely hands-on, and extremely context-specific - and therefore, not really AI territory. But definitely a question to think about!
@jaeyoungchoi67902 ай бұрын
@CaseInterviewHub that's a very interesting point. BTW I just asked chat gpt the same question, and it answered strategy > cdd > operation
@shivangbhardwaj28492 ай бұрын
Hey @CaseInterviewHub If I've done some online certifications, how and where should I mention it?
@CaseInterviewHub2 ай бұрын
Usually they would go into additional information, or extracurriculars (e.g., Google certificate on machine learning) If they are absolutely essential to the role, or quite significant (a 12 week intensive online course from Harvard) then you could put it into the education section as well. A rule of thumb: The more important it is in your overall application story, the more prominently it should be positioned. And if you have done 20 courses on Udemy which are all not relevant, you don't need to mention them at all.
@rodrigoslc812 ай бұрын
Consultoria estratégica é serviço caro e pouco útil. Não entendo porque empresas pagam tão caro por isso.
@stepheneaston83542 ай бұрын
You know the industry!
@kortyEdna8252 ай бұрын
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
@carssimplified21952 ай бұрын
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
@foden7002 ай бұрын
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@PatrickFitzgerald-cx6io2 ай бұрын
How can I reach this person?
@foden7002 ай бұрын
Marisa Michelle Litwinsky’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
@PatrickFitzgerald-cx6io2 ай бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@steveyv9632 ай бұрын
The engineering consulting firms my organization hires are expensive and provide low value for the price.
@jonathanmichaels83312 ай бұрын
Not that helpful but ok.
@guillaume83722 ай бұрын
Consultants discovering these after a carreer being, lliterally, advisors for corporates made me burst in laugh. Your job's easy and overrated. Change my mind. I work for startups, selling to big corps, and know these intricacies since God's knows when. I understand now why all my friend having to deal with external consultants finds them useless. You just sit around, validating Execs strats that don't have an ounce of courage to carry, so they delegate, the responsibilities of their strategic decision.
@grigorioschatziandreou25582 ай бұрын
When you compare MBB, your compare it to Goldman Sachs and JP Morgan.. not Wells Fargo and Yamaha🤣
@CaseInterviewHub2 ай бұрын
The exit you describe is very unusual, an exit to a corporate is much more common
@smallbluemachine2 ай бұрын
The more expensive the consultancy the more justified management feels that it was the right investment, regardless of the outcome.
@manoftomorrow59872 ай бұрын
That’s why you don’t chase money and when deciding on which job to take, try to choose the one that you’ll make the most impact with. The one that is a complete mess, so your experience and know how will have lasting impact. A lot of consultants get high positions as well without being true leaders and cannot manage a team.
@soteroalvarado31612 ай бұрын
They should get a consultant to help them solve the crisis.
@romanbaier88833 ай бұрын
Before this video I've worked over 5 years in similar consultancy software companies and I've never heard "on the beach" for people temporarily without a project, it's always "on the bench" (just like in sports, while other players are in a game, there's also a substitution bench), my US colleagues use "on the bench", my EU colleagues use "on the bench", and it's weird to hear "beach" in the same situation
@fedezarba77533 ай бұрын
Great video! Original content you don't find in other channels as per usual! Congrats. One comment tough. I work at Bain. Regarding their staffing model, I would say they are leaning more to the middle next to BCG. They do have a staffing survey where they ask you for your preferences (industry, capacity, lenght of project, team size, travel vs no travel, etc.) and they ask you to put a weight to each of this variables for them to consider even more. For example, you can put 100% points to not traveling because you have a new baby, or 70 points to avoid mining because you are very "ESG" consious. They usualy do a good job in keeping your preferences! Of course there are other variables in play and they are not always able to acomodate everybody due to pipeline restrictions, but it mostly works fine!
@pebblepod303 ай бұрын
Yeah HUGE fundamental conflict of interest: this is literally a channel for consulting industry. How are you going to honesty assess a Parasite if your whole career depends on serving that Economic Parasite?
@pebblepod303 ай бұрын
I bet the person making this video does have aome big conficts of interest. Or just ideology to serve the Donor/Corruption Class. More Perfect Union Channel (a channel that is firmly for working people & public interest, and against interests of Donor/Corrupting Class) did a video how destructive and dangerous Mckinsey is to us the public. That included giving advice that killed and seriously injured children on Disney rides (Mckinsey's advice was to cut maintenance); to screw & scam poor people and destroy their credit over medical bills they didnt legally need to pay, and more. If I can set up a debate with you & them - or Sam Sedar over this, would you commit to do it?
@pedromarques46123 ай бұрын
I'm not an expert but I've worked for about a year in one of the biggest consulting firms (it was not a big4) and I left not because it was very demanding, but because it was very "boring". Basically just a bunch of presentations representing future and ideal states. Coming from an industry related background, I've felt the contrary that you'te talked about (lack of impact and busy timelines to deliver stuff that was filled with wayyy to much useless info). Not to mention that if you do anything it needs to be checked by our superior, then by his/her superior, again, again and again. Then the big boss manager presents it to the costumer and you do the changes that they've requested.
@SolidHelion3 ай бұрын
"working on projects of highest priority and impact" - yeah sure Slow pace and not constantly "busy" - the usual trick for juniors. fast pace and bullshit work like "organizing office event" <> fulfillment Corporate politics not present in consulting - double lol
@agarg9323 ай бұрын
Same long hour/work alcoholic/ toxic culture bought to other companies from these consultancies
@telebiopic3 ай бұрын
Hilariously made 😂
@telebiopic3 ай бұрын
ChatGPT is changing a lot in consulting 😂
@CaseInterviewHub3 ай бұрын
What will change in your opinion? If you are more interested in the topic, we have a dedicated video on what AI tools McKinsey uses: kzbin.info/www/bejne/gaC0kKafg7KBmc0si=tNhJ7AaPUb_eb8a6
@channel1channel1393 ай бұрын
Love the click-baity title :)) “harsh” reality of poor consultants from top school making tons of money, being still in top 5-10% of society by income and living standards - this soooooo harsh guys - hope you will survive it 😅
@CaseInterviewHub3 ай бұрын
As you are probably aware, money is not everything. And if you come from an environment where you were working with highly motivated colleagues on high-impact projects for senior clients, the shift to a corporate can be frustrating. And even your great salary won't make up for spending 40-60 hrs per week on projects that don't really matter with colleagues who don't really care. And this is...the harsh reality ;)
@user-fe5xm9yy7k3 ай бұрын
We must be working in the same companies, I can fully relate, esp. to the slow pace and the many freeloaders 😂 But when it comes to the Big4, wages there are surprisingly low (unless you are a partner) and the exit to corporate gets you a significant increase. That is why people join the Big4, it is about increasing your own market value
@CaseInterviewHub3 ай бұрын
You're 100% right. We are coming from the strategy consulting point of view and the salary there is just a lot higher than at the Big4. So the move to a corporate usually doesn't come with a hugh increase in salary (usually it's actually accepting a slightly lower salary as a trade off for a much better lifestyle)
@s_don576833 ай бұрын
I feel like this video mainly describes strategy consultants. When you look at Big 4 consultants (as well as similar companies such as Accenture), leaving consulting here typically leads to a pay rise or equivalent pay (but with much better working hours). Still a good video but I think you have overstated the benefits of consulting in this scenario. I work in consulting and I know plenty of people who have taken the consulting mindset of “getting things done” to their corporates and have seen huge increases in pay and progression without the internal consulting office politics of needing a Partner to back you for a promotion
@CaseInterviewHub3 ай бұрын
You're right - we are more focusing on strategy consultants. As you are pointing out, for Big 4 consultants, the move to a corporate often comes with an increase in pay (for strategy consultants usually not so much given the already higher salary baseline). We also know of colleagues who really have shifted the mindset of the company they joined. But we know way more examples that made the move to a large, slowly moving, and highly political corporate. Nonetheless, to your point, there are many attractive positions at corporates where you can really progress and have an impact.
@The14119913 ай бұрын
I have no idea what you guys are saying but this voice is hella sexy
@cdub10593 ай бұрын
I exited CPA firm into private equity and then exited private equity to corporate. I can tell you guys it's completely true. CPA firm and private equities are kinda like consulting, whereas now pretty much all I do in corporate is play politics...
@xajare3 ай бұрын
Really nice that the IT support is an Asian guy and the office assistants women in skirts.
@CaseInterviewHub3 ай бұрын
We 100% agree that in an ideal world, the picture would look different. The reality though is that >90% of assistants at the leading consluting firms are women and that the vast majority of IT Support is offshored/nearshored to Asia (with the exception of hubs in Central America/South America and Eastern Europe). We are not trying to feed the traditional stereotypes here but unfortunately, this is just the reality.