What Do Management Consultants do Pt 1 | Management Consulting 101 | Types of Consulting Projects

[@shvana]

Looking forward for next video ..

[@sarthaksomani4426]

Thank you so much! This provides a very clear explanation of what exactly do management consultants do.

[@anilkdas8759]

Thanks thanks for this much needed video.

[@keshavagarwal8145]

@9:17 nice expression

[@Rakesh.Vasudev]

thank you so much mam it was so useful..got so much clarity

[@InsiderGyaan]

So glad Rakesh :)

[@shubhangigupta904]

Amazing viodeo and explained very well

[@arkasarkar3901]

managment consultants change the world one slide at a time

[@InsiderGyaan]

Lol 😂

[@mohitparashar1174]

That's a really comprehensive summary, great work!

[@keshavagarwal8145]

Your Hand Expressions are the Best. I absolutely love it and Practice my Hand Expressions watching you ;)

[@gurusricharan]

Thank you so much for this video. As an operational business analyst, i am very keen in moving to management consulting. This has surely helped me to give an understanding of the areas which i can explore. Great work ;)

[@priyanshutiwari1517]

thank you so much mam

[@kapishmaurya8405]

Beautifully Explained!!

[@shvana]

Practical Mba lessons in capsules 🤩

[@ayushchhabra2881]

Top notch content ! This isn't on the market and exactly what I needed! Thanks

[@InsiderGyaan]

So glad it helped :)

[@sundarseie]

Thank you for sharing your thougths. It is very useful.

[@ayushpathak2003]

Thanks 😊

[@vaishaliagarwal334]

Hey there! Great content and thank you for this :) Looking forward to part 2.

[@InsiderGyaan]

Soon 🥰

[@himanshimadan4168]

Hey Soumi, this is an amazing video which rightly gives actual picture of what a management consultant do. I am also associated with a big 4. So could relate. Would be great if you could make some content on what MBB or Kearney consultants do and yes, definitely looking forward for part 2😍😇

[@InsiderGyaan]

Thanks Himanshi...coming soon :)

[@Utkarsh17899]

Best explanation!! Eagerly waiting for part 2. Thanks!!

[@InsiderGyaan]

Coming soon 😀

[@proudindian6135]

good VDO

[@freespiritedbeing]

Can all the skill/techniques that management consultants use be obtained and mastered without becoming a management consultant? If yes, then how? Please make a video on that. Would go bonkers viral.

[@prajwal6964]

Thank you for sharing helpful information through the videos, it helped me a lot!

[@tanktreatllp134]

Hello maam your video is so knowledge giving 👍

[@harshalverma975]

Wow... it seems very interesting than coding for 8 hrs daily.

[@dineshyadav_]

Thank you for explaining this Management Consultant term very clearly and precisely.

[@InsiderGyaan]

glad it helped :)

[@Sam-be4yy]

Thank you for the content! So informative:)

[@InsiderGyaan]

❤️

[@sohommajumder403]

Thanks for this video. It was really helpful . Can you in future goes a little more deeper and maybe discuss some of the real problem scenarios which you or your team has solved ? That would be amazing

[@InsiderGyaan]

Planning to do so in part 2

[@muhammedhashir8157]

Got a high level understanding about consulting. Thanks a ton :)

[@InsiderGyaan]

That's perfect! Glad the video could help :)

[@ananyasahoo2615]

Ma'am, can you also make a video on what hard skills (eg: SQL, statistics, etc. ) Are required to become a management consultant?

[@mohammedcache5316]

did you get them? i ve been searching answer for this questions for long..

[@pranavkatarias]

Thanks for the concise explanation. Please make some videos regarding finance industry also.

[@InsiderGyaan]

Will try and do :)

[@keshavagarwal8145]

You should listen to Mind of a Consultant by Sandeep K Krishnan on Audible.

[@somnathkumbhakar4566]

We need more part of it.

[@InsiderGyaan]

❤️❤️👍

[@jharnamakhija2473]

All of these exactly are my responsibilities at an advertising agency - the role is that of a Brand Strategist. My question is how can I make a switch from being a Brand Strategist in an Advertising Agency to that of Management Consultant in a Consulting Firm. Is MBA the only reasonable option available to make the switch? If not what else do think can be means to switch?

[@nitinpawar6855]

You are right MBA is the way till Badabusiness comes in picture Actually the question is whom you want to consult is it Retail, manufacturing, corporate, MSME

[@InsiderGyaan]

My feeling is only thr GTM strategy projects would be similar to what you do? In any case if there's a skillset match you should apply laterally

[@sidharthamishra973]

This video is really informative and tell me one thing I have a plan to become a tech consultant. Please, tell me how to become and what they do in the industry

[@Dancing-Consultant]

Please create a video on how to prepare consulting decks with a case study example

[@xxx5374]

Great video! Could you or your friends also do something similar on corporate strategy?

[@naveen12]

Wow, huge respect🙏🏼, till now I kinda underestimated these people and felt useless 😂

[@InsiderGyaan]

Haha 🙈🙈🙈

[@naveen12]

@@InsiderGyaan Have you thought about freelancing?

[@InsiderGyaan]

@@naveen12 nah not really because i don't like the sales part of things :)

[@nerdcool212]

Do u have any video on Associate Consultancy Technology Consulting ? Please make one if possible

[@sameermelhotra7821]

Ma'am basically consulting firms solves the problems faced by the business... Kabhi aisa hota hai ki consulting firms are not able to solve the problems ??

[@InsiderGyaan]

No not really, there is a selection process via proposals and tenders. So a consulting firm with pitch for a project only if they can solve it :)

[@DOCUMENTARYANDINTERVIEWS]

What was your company

[@ReddyReddy-yn5uf]

Difference between strategy and consulting

[@Priyankpalsingh]

Hey soumi , which will be better choice to become a management or strategy consultant BBA or bcom Hons?

[@10vsher]

Very insightful did. Can you make a video on how to explore career options during college and how you made your choice

[@InsiderGyaan]

Thanks Tanvi :) noted on ur request! ❤️

[@amlansaha6784]

Mam,can a CA with 1yr of work ex can go to management consulting (MBB firms)after MBA from IIM A/B/C?

[@Jennyy12631]

I’m from non it how i can joined as a management consultant?

[@rishipatel4282]

1)I have acedamic(8/8/8) 2)Bachelor in Accounting and finance, 3)work experience in sales department ( 8 months) 4) Certificate in Advance Excel and PowerPoint, Advance tally 5) financial knowledge 7) Investment in stock trainer app i.e Converted 500K to 2000K less than years 8) winner team of best sales of bharmotsav college fest i.e( I was team leader) 9) E- certificate of block chain 10) E certificate of business analytics can I get shortlisted from any sector in IIM ABC?

[@ShubhamGuptatheincidence]

accounting isn't a good degree for consultant they ususally never hire accountants thats audit u need a MBA or Masters

[@tiwarik1]

but you can get hired as an associate in any BIg 4 as a finqance analyst and the progress your career as a consultant by pursuing a MBA. this will help you in the sense you will have prior industry experience and will get the job easily as a consultant once you have accomplished your MBA degree

[@freespiritedbeing]

Awesome content! Had been scouring the internet for so long to get this information. Thank you!

[@ammu.live100]

Mam what are prerequisite before start solving business cases and how to prepare for top case study competition

[@InsiderGyaan]

Just go through a few case books! Case in point is gooood

[@heemanshuk4582]

Soumi Mam - Pls help . Please let me know from where I can pursue the management consulting course .

[@asheshvaibhav]

Amazing work! This clears up so many doubts. Especially how well structured it's been.

[@InsiderGyaan]

Thank you:)

[@debajyotighosh8903]

Can you explain the consulting strategy for a b2b market? Nice video tough the content mostly describe about the b2c market.

[@InsiderGyaan]

The approach is not any different for b2b. Just that we have to do a lot more SME interview in that case with people from within the industry

[@MultiAvneeshable]

Thanks. Very relevant. One question, if someone had a long run into IT and want to move a step ahead into management consulting, how one should identify where he fits in.

[@InsiderGyaan]

If you want to forward your experience then digital / tech startegy is a good place to start

[@peaceseeker5090]

mam, do management consultants also do legal consultation?? PLEASE SOMEBODY ANSWER THIS QUESTION.

[@snehabhattacharya3035]

Hi can you tell me what questions they can ask economics students in the technical round?

[@InsiderGyaan]

Technical round for consulting is mostly case studies

[@womensfacttalk005]

So for this position no need technical knowledge????

[@InsiderGyaan]

At entry level what u need is analytical skills, no technical knowleedge as such

[@ButtaBommaNira]

Hi Soumi May I know your package immediately after passing out from isb and your present package?

[@InsiderGyaan]

ISB avg packages are very widely available on open search

[@ButtaBommaNira]

@@InsiderGyaan yeah Im finding avg ctc ma'am but I am unable to get what's the highest package? Pls don't share if it is not be disclosed.

[@rashikaushal7950]

Hi. Thanks for the video.Just one question- Is consulting only for people who are into marketing given that a lot of things you said related to Brand positioning, sales, market research etc

[@InsiderGyaan]

Not really...if u go to the end parts there are a lot of ops related projects too

[@keshavagarwal8145]

I am very fluent in English and a Finance Teacher helping US Students. I feel that you need to slow down a bit so that audience can digest the concept really well. It's non-break or continuous, which makes it not so easy to follow.

[@keshavagarwal8145]

For Example @12:54 you have edited by keeping it continuous. A gap should be given between Month on Month (2-sec gap) and Are the Prices Falling? And 3-4 sec gap @12:59 min because a topic change & you ended the topic with questions.

[@keshavagarwal8145]

It's a constructive Feedback please take it positively. You are doing a great job. Thank you :)

[@InsiderGyaan]

Thanks for your feedback!

[@sohamkedari970]

Hello ma'am I actually need information related to the field where and how requirements and other stuffs can you please help me out

[@InsiderGyaan]

If u r talking about mgmt consulting, there are a lot of videos on our channel. Check them out :)

[@pulkitahuja6965]

Greetings Ma'am I'm a CAT Aspirant 2022, a regular follower of urs on KZbin! I and a very good friend of mine have completed the course once and done a slight revision as well, covering QA from lod 1 lod 2 Arun sharma, LRDI from TIME handouts and in VA have done few lectures from youtube But, we have lot many doubts in some concepts as well as questions bcz didn't have access to teachers for doubt clearing. We have also enrolled for TIME Institute Delhi, (online batch) and classes are beginning from tomorrow. I would sincerely like to have your views and guidance on how we can proceed further to ace this exam🙏

[@DOCUMENTARYANDINTERVIEWS]

Which colleges are you targetting

[@HFZMUSHTAQ]

Hi soumi

[@yashrajsingh9592]

Mam, I Just got into the 11th standard I was thinking to take commerce but the thing is, I am not intrested in maths so , Is maths is also a main component for being a Managment consultant

[@bijaymuduli1171]

Where's your 2nd video

[@InsiderGyaan]

coming up net to next week

[@ShubhamGuptatheincidence]

Is it better to just become an independent consultant and reach out to small businesses to have your own timeline? I like consulting but dont want the corporate BS

[@yudhveer99]

*What do management consultants do? Let’s see-* 1. Speak really good English and ensure that the client gets impressed 2. Make really good PPTs and Excel models to hide the client’s BS and present its BS in an attractive manner. 3. Get drained out completely by Partners who choose to understaff the project to save money. 4. Make slides out of nothing for the sake of making slides. 5. As soon as they get good at their work BOOM! They’re rolled off and staffed on another project with a completely different structure and work thereby making good generalists but really poor specialists. 6. POOMA POOMA POOMA!!!! More POOMA! Even more POOMA! But sadly that’s just how the corporate world works. I wish to work for a company where I can grow my skills in one area and consulting just doesn’t do that.

[@InsiderGyaan]

That's true. Consulting is a generalist field. Infact all strategy roles are. Other functions in industries will make one a better specialist

[@yudhveer99]

@sasha it’s all good until the consultants are there. Once the team gets rolled off they’re back on their BS.

[@yudhveer99]

@sasha no wonder Deloitte’s cloud revenue is high

[@sukritidang]

Bang on!!!!!!!!!!!!!!!!!!!! I left consulting and opted for an apparently less glamorous (but higher paying) job just to get away from all the BS.

[@yudhveer99]

@@sukritidang can’t wait to get out of this devilish hellhole meself. The money is insane but I hate being here.

[@frc_sc9114]

Madam, is there any face loss or reputation loss for the consulting firm if their suggestions fail miserably on practical application?

[@InsiderGyaan]

Yes, but usually that sitaution doesnt arise

[@pratikdere2645]

Hi Ma'am, I was working at Marriott International as a front office associate. Also, I am pursuing a distance pgdbm in marketing management. Can I work in a management consulting firm.

[@username-zg8og]

Just a general question, can we acquire the knowledge we get from an MBA degree by reading books, courses, articles etc? because not many people including me can afford fee of MBA.

[@InsiderGyaan]

Yes, the knowledge can easily be acquired. No issues on that. MBA programs usually give you a cohort, platform for placement, which is difficult to get via online courses etc.

[@username-zg8og]

@@InsiderGyaan Thank you 🙂

[@bizyo5038]

Hello ma'am I graduated in B.com from DU this year and appeared for CAT 2021 but was unable to perform well and planning for next year CAT. Will CFA level 1 be a good option in this gap year? Please advice.

[@InsiderGyaan]

If u want to get into finance fields then CFA can add value

[@anmolmishra3635]

Mam should we join counsltancy firm directly from IIT or should do MBA FROM IIM Pls show some light trough video

[@InsiderGyaan]

Either is ok

[@anmolmishra3635]

Thanks alot mam Thanks for replying each and every comments

[@ricktz6752]

Didi how to start GMAT preparation? I want to start from the scratch , kindly help me out 🙏 Will u be my mentor?

[@InsiderGyaan]

Start with a common book like Manhattan / Official guide. Then start practicing as much as you can...

[@ricktz6752]

@@InsiderGyaan I want to take tuition classes from u, plzz

[@Aman-zn6kq]

Hey, I am a student of japanese language and looking after doing MBA. Would it be a good decision?, Do they require foreign language skills in MBA?. Which stream would be better?. I would be thankful if u would take out some time and answer my query. Thanks

[@InsiderGyaan]

They won’t need foreign language but you should think about what u want to do after mba. If that needs and mba then u should apply

[@anubhabde7079]

Ok this is a bit irrelevant, but you're a bangali right? So do elite consultants like you get time to come home for durga puja every year?

[@InsiderGyaan]

Leaves haven't been a problem. I manage to take 3-4 weeks if travel time and make use of long weekends for breaks. But ofcourse need to manage expectations and plan ahead

[@shreyas6215]

MAM I AM IN 3RD YEAR OF ENGINEERING SHOULD I TAKE YOUR MBA GUIDE COURSE

[@InsiderGyaan]

which one?

[@shreyas6215]

@@InsiderGyaan mam the mba match making blue print

[@shreyas6215]

@@InsiderGyaan mam pls reply

[@yashsh7989]

Does this situation can happen that a consulting company is not able to solve a problem faced by themselves only and they hire another consulting company to solve it😌

[@InsiderGyaan]

Haha...even if they do, they definitely don't hire competitor firms. Try to solve within the firm 😁

[@zahidabegum5248]

Mam I got 95% in 10 92.6% in 12 80% in Btech 0 work experience I want to become management consultant.how much should I score in CAT to get into IIM A/B/C.

[@InsiderGyaan]

Iims put out there scoring framework..do check that out. Usually iim a and c it is 99.5+ B can do with slightly lesser

[@sahilmahind2305]

I am currently persuing Pharmacy,I want to become an consultant,plz give me some suggestion mam?plz

[@InsiderGyaan]

Do case studies and apply!

[@Heyimin995]

Mam im 26 years old. I have done my pg from Ignou distance mode in masters of economics due to health problems of my family members I qualified ugc net for assistant professor for economics... I was preoaring for state service exams and worked as tutor for economics. Since 1 year i am working as 11th and 12 th economics faculty in college Mam i see only progress either pursuing phd or taking other mode like MBA.. Sir is teaching considered as experience in business schools ???? . I want to change my career sir.... Can you guide me mam🙏🙏🙏

[@InsiderGyaan]

Yes teaching is considered experience - make sure it is regular workex and you have a certificate to show from your school/institute

[@Heyimin995]

@@InsiderGyaan thank you mam....

[@maureen572]

Hi! I am a current BBA student in Bangalore. I wanted to know if it is possible for me to apply for jobs in Singapore after my degree? If yes, what should steps should I be taking? Also, if not Singapore, how could I land a job in Bcg Bangalore (what initiatives should I take to make my resume strong) ?

[@InsiderGyaan]

Just start applying and see how it goes. Can't think of any specific process for SG..for BCG build profile developing leadership points...checkout the profile building video on my channel

[@princeofheaven19]

McKinsey recommended downsizing our organization by more than half.

[@InsiderGyaan]

🧐

[@chetanbansod7517]

Ky iit me criticism hota hai caste ko leke ki tu reservation se aaya hai aisa kuch pls reply please be honest

[@InsiderGyaan]

not really

[@Xprofessor7]

I need work

[@niranjanishivkumar3569]

Definition**

[@nehaneliasw1316]

Im studying computer course can i get into this field and what should i do for that

[@saurabhmishra8488]

Is a top 30 US MBA (US news ranking) good enough to get into management consulting role for an Indian student?

[@InsiderGyaan]

Yes

[@souviksen7497]

Management Consultants show businesses how to cut costs by firing people. That's all they really do. The rest is all fancy B-School jargon and lots of PowerPoint presentations. Then again, that's all most MBAs do.

[@InsiderGyaan]

Sure

[@mandarbhide31]

All these are theorotical people and i dont kn what they do ? I think they know how to speak fine languge, eat with chopstics and pronounce expensive wine names 😂..also all these are global leaders , havr revolutionary ideas on linkedin ...I like Dhirubhai Ambani , Bill Gates , MZ ...I really really don't kn their part of world and I don't understand how they manage to get big fees....and also wonder if they know so much about business whg dont they do it ...kidding ..they must be great people but i like aptitude to kn it

[@devishrichandran2865]

Don’t explain in Hindi or add in your video description (explained in Hindi)

[@kapilsemwal4621]

You should collaborate with @kajol phadnis she is a managment consultant based out in London. I am sure you will have fun and so will we.

[@kapilsemwal4621]

kzbin.info/www/bejne/f3-7nKt5oLKqftU

[@DOCUMENTARYANDINTERVIEWS]

Which project is best suited for lots travelling ?

[@InsiderGyaan]

When client is not based on your base location