Top 5 Skills Mckinsey, BCG, Bain Consultants Need 🤯🔥 (Ex- BCG, ISB MBA)
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- Опубліковано 3 сер 2024
- Do you know what are the top 5 skills that all successful consultants need? In this video, I share the top hard skills and soft skills that you need to succeed as a consultant. Successful consultants in Tier 1 consulting firms such as MBB (i.e. McKinsey, BCG, Bain) will likely have mastered these skills for a successful career in management consulting.
Many people ask: What skills do I need for consulting? In the video, I talk about consulting soft skills, how to become a successful consultant, and key skills you need to be a management consultant. Strategy consulting can be challenging, you better learn the most important consulting skills to succeed at firms like BCG consulting, Mckinsey consulting or Bain consulting.
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About Shatakshi-
Shatakshi is Co-CEO of 🚩Global Governance Initiative (MBA program recently featured by Poets & Quants), an Ex- 🚩Boston Consulting Group, BCG, management consultant, a 🚩writer, and former public policy advisor in 🚩Tony Blair Institute for the Middle East region.
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 career 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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• Consulting Salaries an...
• Week in the Life of a ...
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Are you a management consultant enthusiast? Do you wish to know the various skills management consultants need to not only survive but thrive in the industry?
In this career insight, I will be sharing the hard and soft skills that every MBB consultant needs. I will be taking into account my personal experience as a former BCG consultant.
Hard Skills
1.1 Microsoft Excel
This is the primary technical skill you need to excel in the industry :P
A lot of my time as a management consultant was spent on excel. It is an essential tool since you would be required to do a lot of number crunching, projections and cost savings analyses. You are expected to know these skills, especially if you are an experienced professional.
1.2 Business Acumen
This is going to be quite pivotal in your journey as a consultant.
I remember my first day at a boutique management firm, where my manager had asked me to explain the business model of a company. I was astounded due to my lack of experience in this business field.
Not only are you expected to know the jargon of the industry, but also have an intuition about such things. Additionally, you ought to know the basics of financial accounting and marketing.
Taking the example of my first case at BCG, where the client was an IIM Ahmedabad gold medalist. Despite our thorough analysis, he would always ask questions about our reports and suggestions. Gone are the days when you deal with dull and inactive clients, especially in the MBB.
You have to be ready to display your competence.
1.3 Decking
I only came to realize the importance of PPT making after some time.
Consultants are primarily storytellers. You are selling a story of qualitative and quantitative data.
You need to have an airtight presentation on why they should spend large amounts of money on your suggestions. PPTs come in very handy to share a succinct narrative with the client.
Soft Skills
2.1 Communication Skills
These skills are the bread and butter of a management consultant.
As a consultant, you deal directly with CXOs from your as well as the client's organization. These are extremely busy people. So you should be able to deliver your points effectively in 2-3 minutes.
2.2 Emotional Intelligence
In a working environment, you must be able to have an influence amongst your colleagues. This includes your team, the professionals from the client's side and your case partner.
Since a quite a few of you have asked me about the Global Governance Initiative in Linkedin messages, sharing the main details here-
1. The highest CTC offered by employers for GGI Impact MBA Scholars and Fellows has been 29 Lakhs by two firms (one is a management consulting role in a leading impact firm and another for a CEO's office role in a health tech startup).
2. The average CTC hovers around 17 Lakhs with a base of 23 employment partners in space of consulting, product management, and policy.
3. Frankly, more than this, it's the Innovative Harvard case-style learning format by CEOs in which I take the most pride - creating the best one in India and abroad where Chairmans and Partners from the US, London, and India offices of BCG, Mckinsey, Amazon, BlackRock have come and taught !
At GGI, we also stand against the age-old Indian placement mindset and culture. And hence GGIians get many more jobs from large GGI Alumni and networks spread across countries and continents.
I get many more queries around eligibility, differences between programs, and the values we stand for, sharing website where a lot of GGIians have left reviews, employment partnerships, etc.
Hope this helps ❤️
-www.globalgovernanceinitiative.org/
Hi shatakshi, please make a video on Excel. Your contents are amazingly mind blowing & could extract lot of insights about management consulting. Keep rocking always ! Thanks for the post ⭐
Videos on excel please 🙏🏻 some important functions that comes most handy in excel will be very helpful 🙏🏻
Beginning of video changed! Awesome need more experimentation in some format
Would love to understand you're approaches over excel. Do make a video :)
Hey Shatakshi Di ! I must say your videos are so insightful and help to understand everything very clearly. I would like to add that not only graduates watch your video but there are students of class 12 who watch your video to have a better insight for career.
As soon we will be in college, we would love to watch a video on excel.
Thank you very much for your efforts in making these videos.❤️
Very useful! Thank you
Hey Satakshi, first of all thanks for this informative video.
Also, plz make a video on Excel & especially about the functions that are used frequently in consulting; will be really helpful 🙂. TIA
Definitely need help in Excel which is specific to consulting
Hey Shatakshi, thanks for making a video around the hard skills requirement for consulting. I did a strategic marketing internship recently and excel was my go-to tool for most of the tasks, I was responsible for inventory analysis and I nailed it with excel, so much so that my german colleagues asked me to conduct a team workshop around the excel dashboards I built for them.
Please make a detailed video around consulting hard-skills and if possible recommend some affiliate course links for the same.
I have just started Management consulting course with Akshat Shrivastava, I'm guessing you know him already. So a hard skills course recommendation from you will help me learn consulting skills at a much faster pace.
BTW, your chai breaks are my chai making breaks these days. 😃
Cheers
hello mohit...I am a fellow consulting aspirant...can you share the details of the course by Akshat in which you have enrolled
@@siteshsil_1984 Hi Sitesh, I don't know if I should endorse it any further here, but you can google it by his name.
Good Luck
hey Satakshi, I seriously love your content your video poped up when it was most needed. I actually needed one thing from you, it would be really amazing if you could make a video on how someone who is a graduate and does not have a consulting experience can start from scratch and crack the role of consulting.
Also from this video, could you also make a small video explaining the 2nd hard skill i.e. business acumen.
Would be glad if you make one video on Excel
Yes please make video on Excel
Hi shatakshi, plz make a video on Excel , like what we to learn in Excel and what not..
Hi Shatakshi Good Morning
I've a quick question for you. Can you make a video for recruitment industry?
Yes , need your help in modeling part.
Hello ma'am,
Your videos are really amazing.
Can you pls tell us in excel what are those specific areas of excel that mostly used in the job by being a consultant.
Thank you:)
Pls make a video on Excel would be great help.
Please do make video on EXCEL ! Would love to watch it !
Please post a detailed video on excel
Yes we need help with excel but to understand what all you should ace in as a consultant.
Please make a video on excel.
Hey Ma'am! I am a postgraduate in Economics 2016-18 batch. After my studies I joined an institute for the preparation of ssc exams . I wasn't able to clear ssc and right now I am preparing for bank exams. I always wanted to do mba and right now in the process of looking for colleges abroad I had come across your program. I would really like to know about the chances of a candidate getting into GGI program who has no prior work experience. It would be really grateful if you could make a video for candidates who can start a career in management consulting or any other fields with no prior work experience. Thankyou!
yes di please make a video on excel
Please help with learning videos of Excel. And thank you appreciate your work❤
Dear shatakshi
Greetings for the day! From India
I m your big fan followers, I would love to share with you that I follow your all UA-cam videos and I am learning lot from your journey and your thought process you put in a very creative , beautifully decribing in words that inspired lot to me. Much much thank Dear
Thank you. You are kind :)
Subscribed.
Advance Excel tips reqd.
🙏 Thank you
Yes, I do need help for learning Excel ma'am
Plz make one video on excel
Yess please! Excel !
Yes we need help with excel
Excel guider for beginners plz make a video
Please video on Microsoft excel
Please make video on excel
YES
yes we need help to learn Excel!
Is it possible to get into consultancy without MBA but with the required skill set.
besides excel and powerpoint, is Python or knowledge of other data science tools like SQL required for entry level jobs in consulting? - first year economics major student
yes maam we need help😊
Make a video on excel
Hii shatakshi , please make videos on Excel
Please make excel course.
God, what a goddess! Subscribed right away!
:)
Excel, yes.
Ofcourse we need Excel lectures focus on management consulting
Why GGI age limit is 34...I am looking for career change need guidance on the same.
Help on excel please.
Tes we need help to learn excel
Need help around excel please
Mam .. can Avarage mba college students can become Mangement consultant
Please make excel content
Satakshi, You studied chemistry at St. Stephens, then doing consulting. How did you get interested in consulting while chemistry is not even related to management in anyway. Even a one-liner would be appreciated Satakshi....
My elder brother played a role :)
Make video business analyst in MBB...
Hi Anand. There is a full video platlist on this on my channel. The answers are all there. Good luck :)
I m perusing executive MBA in my mid sixty
Excel, please.
Excel please !!
Hey
Its not Daniel Kahneman but Goleman
Excel Please!!!!!!!!!!!!!!
You are so #CUTE ☺️☺️☺️🥳🥳🥳
Please make a video on excel...