How Much Money Do BCG & Bain Consultants Make | Ft. Vatsal & Apurva | KwK #62
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- Опубліковано 10 лип 2024
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Are you fascinated by the world of consulting? Curious about the inner workings of prestigious firms like Bain and BCG? Look no further! In this engaging podcast episode, we dive deep into the lives of two accomplished consultants, Apurva and Vatsal, who have honed their expertise through their experiences at renowned consulting firms.
Join us as we uncover the secrets of their journey, from the early stages of their careers to becoming respected consultants. They share valuable insights into the skills, qualifications, and mindset required to thrive in the dynamic field of consulting.
Whether you're a recent graduate aspiring to enter the consulting realm or simply intrigued by the world of management consulting, this episode offers a wealth of knowledge and inspiration.
🌟CHAPTERS🌟
0:00 - Intro
3:20 - A Day In The Life Of Consultants
8:50 - Working Hours
10:35 - What does a consultant do, exposure, life as a consultant?
17:35 - Skills Consulting Teaches You
20:48 - Myths About Consulting
25:40 - Can Consultants choose which case to take?
28:00 - Hotels that Consultants stay in
29:58 - Offsite Destinations
31:10 - What is CTE? Benefits of CTE
32:48 - Vatsal’s Case Team Experience
33:42 - Salary of A Consultant
41:57 - The Lavish Life that Consultants Live
44:13 - Case Interview Preparation
53:30 - Kushal Shares His Consulting Preparation Experience
55:27 - Questions asked in Consulting Interview
58:58 - How much does a Consulting firm Charge? And their revenue model
1:08:00 - Mock Interview
1:08:39 - KWK Iconic Question
1:17:55 - How many flights does a consultant take?
1:18:34 - Outro
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What a fantastic video❤! As an ex-Bainee myself, I can relate to everything they are saying!
brother can you suggest some books which might help me ( as a undergraduate student - like you i am also not from MBA stream). I wish you could help me as your little brother by telling some materials which can help me to get there.🥰 @KushalLodha548 @HrithikMehlawat
@@joyboy_713 people who has achieved something in life will never help… There are mostly kind out there
If the salary is say 60 lakhs then they are paying somewhere around 15-16 lakh of tax. That's really bad😅
Go to BCG/McKinsey/Bain UAE locations, pay no tax and earn huge amount of money.
This quite literally made my day! Wholesome!! Hope I make it to one of these roles very soon! Thanks Kushal, this is real content!
Haha Thank you so much :)
As said at 45:40 , Are the applications still open to apply for CA Students. If yes, it would be really helpful if you could provide a link to the same.
Kushal This video was so comprehensive ! Loved the content so much :) Keep doing such amazing podcasts
Thanks a ton
@@KushalLodha548 Brother please make a video on what materials are need to get the job and othere things also ( consider those student also whose background is from non MBA , no BBA and non CA- how they can crack the interview) @KushalLodha548 @HrithikMehlawat
I didn't understand much more but this video is helping me for improving my English❤
Thanks for this amazing podcast.
I learn atot of thing. This is very fantastic.
Great insights, Apurva! :)
Super work Apurva!!🙌🏻
Thanks for such an amazing podcast❤
Thanks for listening
Fanatstic content, got a lot of clarity 😊
Time taken to reach 1st crore is half then other option available.
Definitely a high demandinf and high paying job, one has to decide what he really wants to do
For average performers (which 80% are)- 55 is for C1; 60 for C2; 70 is for Managers
This is CTC or fixed?
Thanks a lot bro, it's as good as paid content made available for free
Happy to help
This video defines the meaning of podcasts it is something which the youth wants to listen…
I don’t know my words may create controversies but this discussion shifted my knowledge from tier 3college to tier 1 college and students like me who is studying tier 3college can fulfil their dream for getting themselves in world’s biggest consulting firms🎉…
Thank you so much to the guests for giving their valuable time hats off and thank you once again🙇♂️
thanks kushal 💗
Great Podcast 👍
Great Content
Please do interview with CA Ravi Chhawchharia
Nice one but the real challenge starts once married. Can u interview few more consultants who have kids..how they manage.
Absolutely… this one would be real insight
It's cake walk for men ...
The real key is to not get married and even if you do, to do net get kids till the time you retire or your in upper management when your hours reduce
Everytime kaushal makes a very informative content for its audience.....tysm kaushal for your efforts......❤❤❤
Thank you
Awesome info... Keep it up👏👏👍
Informative thanks for bringing such content
My pleasure
It was really great!!!
Beneficial one.. To know the real work as a consultants...
And Kushal you tried your best to provide it in the simplest and understandable form for the person who not even know more about it.
As you always tried to provide the best content to the audience ... This one was also a good approach.
Thank you so much
i dont understand pls clear my doubt . vatsal is directly recruited based on his CA certification and in 2023 it is 6 yr completed , why he isnt consultant yet ?
classic example of buy side and sell side Nokia Microsoft with some part of company Nokia Lumia
36:00 ==> 1 Cr. Is Fixed, and that too is very low, 8-9 crores a partner can make 😮😮😮❤🎉❤
hai kushal i loved the podcast very much.i have a doubt can a non mba guy can be a management consultant.or can get chance to work with management consultant associate pls let me know
BOTH ARE AWESOME MANAGERS
Adjust camera to better position, little bit high.
People who claim getting 60-70-80 LPA still get around 1.5-1.75 lakhs per month in hand after slogging for 12-15 hours a day, working all Sats and Sundays and this doenst even include their travel time and air time and all other efforts.
A person working 8 hours a day in a tier II or tier III consulting mostly (hybrid or wfh) firm earning 20-25 LPA also gets around 1.15-1.3 Lakhs per month. His per hour value is higher than those working at Maang, Faang, BCG and Bain and what not.
So, don't fall for the glitter. All that glitters is not gold (true every time)
Imagine working your ass off to earn less than a Janitor/ Nurse in USA.
@@pineapplemocktail Adjust PPP multiply the Indian income by the factor of 6 to get real difference in salary.Also taxes and rent are one of the highest in NYC.
@@user-zr4qs7wl8d Ppp is a joke. India is very expensive in urban areas. USA has lower taxes than India. Fuel, electronics is cheaper in USA. ppp works for nations like russia and iran who are energy independent. Only maids are cheaper in india. Compare lifestyle including stress and a janitor/ nurse lives a more comfortable life in USA.
@@pineapplemocktail US is not a benchmark anymore. There are many problems in the US or other developed nations. Frankly speaking quality of life is very subjective. There are many things easily available or accessible in India that you can never have in a country like Canada or European nations. Also Nursing pays quite well in the middle east and Europe, while truck drivers are the biggest earners in Canada. So, it's all debatable. People in India are slowly realising the American dream is just that, a dream. As I said in my main post, everything that glitters is not gold, true for US and Canada as well.....😅
@@pineapplemocktail PPP is not just about fuel and electronics. If by electronics you mean "Apple", then you are living in a fools paradise. How much is a weekly expense for a family of 4 in a US city (if I consider living a middle class life, with home made meals, entertainment once a week, eating from outside once a week, 5 days of travelling to work and school) and compare that to India, you will be surprised by how weak the dollar earnings is. Anyone who earns more than 20 LPA in India will easily fall in the top 20% of earners in the US which is not bad. Which means a person with 20 Lakhs per annum salary is richer than 80% of US people. I would take that anyday.
What kind educational qualifications are more preferable for management consulting job?
Management Consulting and Business Consulting are different things?
That is it? My 10th pass uncle makes 3CR+ with just a cloth shop. Has 6 luxury cars too.
When was he able to start earning this 3cr+ income ? Like some real good talents will start earning over 1cr+ income by the time they turn 27 in consulting, and by the time they turn 32-35, they start earning close to 4-5cr and upto 10cr in a good year. Like time ka panga hai na. Tumhare uncle agar 40-50s mei 3cr kamate hai toh late hogaya na, yaha bacche 26-27 k Umar mei per year 1crore kama rahe hai, one more good thing is that you will get immense support if you want to open your business as you have networked with 100s of well established people in good companies of all sectors, you also get to learn about so many kind of businesses and learn to solve many kinds of problems, making you ready to start your own business, fir toh sky hi limit hai.
@@neerajnongmaithem392 are u sure consultants in India are earning 1- 7 Crores ? 😅
Keep it up kushal
Apurva has a different vibe altogether.
Case interview cracked
Case in point
9am - 11:30pm 😶
I am so thankful for my software job after hearing that.
Anyjob demanding more than 10hrs per day is not sustainable in the long run.
@@varad.d Absolutely. I make it a point to try and not work more than 8 hours a day.
Does ACCA affiliate (fresher) can apply for management consultant role in these firms (BCG, Bain and McKinsey)?
Yes they can.
I was going to ask the thanks for asking in advance
Hi Kushal , I have a very important question .Is there any chance that we can get in to management consulting roles in these big firms without CA .Is there any other carrer path to choose to get in to this. Looking forward for your Answer....
Even after CA it is very difficult to get into these but you can also get there by doing MBA from top tier colleges or even Bcom from colleges like SRCC.
Please make a video like this one on opportunities for MBA finance ( Investment Bankers) after doing CA. I'm a CA student and wanna persue MBA after CA and confused between Finance and Consultancy. I wanna have more insights.
I have worked in consultancy and Investment Banking. Consultancy pays less at the start but work hours are lesser (except E&Y). Investment banking pays more but works hours are much more (especially when deals are more).
The best case scenario is usually first start with investment banking and then switch to consultancy because its very difficult to switch from consultancy to investment banking.
Choosing between finance and consultancy depends on where your priorities are.
@@jatin2616brother, can I connect you on LinkedIn and need some guidance from you
Just first complete the CA in first attempt....If you close it in first attempt ...you are sure to make great whatever you chose
well your first priority is not whether to go for Mba or not. Your first priority is to pass CA
Hows the opportunity for Civil Engineers already have freelance experience in the field of Construction, Structural design and Bank Loan Valuations in these companies
Hii
What do you think ai will affect management consultant or not
thats the only job which will not be replaced
Sir..cfa can enter into this?
We earn huge and we pay huge taxes as well.
Question : Would consulting companies consider candiates who are 37 years - 40 years old ?
No
Yes, they would, don't listen to naysayers
What kind of technical skill and work is involved in management consulting which they spend so much time in a day. Listening to this i assumed a good communication skill is the thing required
Not any technical skill as such - you just need to be a good problem solver
the math should make sense, The solution should be practical, the understanding of the business, team formation, understanding the needs of the moment and wagera wagera. just listed in brief, this in dept are major skills they require/ want from you.
Can cfa's get into consulting?
I'm currently pursuing CA and want to grow in management consulting in any of these 3 firms. So please can you advise me that I should do my articleship into which profile?
Yes you should focus more on structuring your cases properly
Do stat audit or internal audit in big4s.
After articleship, join big 4 for deal advisory or stat audit. And also start preparing for interview. Then send CV to these consulting firms.
Can I opt for mba consulting to do this???
can CMA become consultant ??
East or West Kushal is The Best ❤
Thank you
CA RANKERS
IIM GRADUATES
SRCC or SSCBS graduates
Only these get jobs here in consultancy?
No bro it's a mindset, none of them are iim graduates or srcc/sscbs graduates, and only vatsal is a ca ranker
Not necessary
IIT/BITS graduates
@@patriot8678 lol
@@ritikasingh5970bro how you know about vatsal
Ese videos and comments English m kyu start ho jate hain..curious hu isko lekar . Apni language lo badhawa do❤
Sir i have one question
Sir agar koi student consulting krta hai kya wah kuch saal baad consulting skip kr kisi dusre filed me jaa sakta hai
Nice.. 2021 Mba grad. going to join bcg next month with 50 lpa.. well unless ey decides to pay more.
Can I get your LinkedIn plz ?
from IIM ?
What's Your in-hand per month ?
@@srishtigupta2767 In consulting, there are no e-sops so likely if someone has a 50 LPA they're getting 3-4 lakh per month in hand, bonus is ig yearly, but the CTC would be much more as they pay for flights and 5 star hotels plus meals, etc.
❤
❤️
60 pa = 4lakhs per month which is not big deal specially in city like blr
Bye
You must be a sad man if you think 60pa is less money
@@sajivdoley6949but in bain my brother is working as consultant where he earns nearly 45 lakhs per annum and a free kidney transplant option each month 😂
33:43
What skill should we pursue if we want to get a job in bain or bcg? Right now, I am a CA final student( May 24 attempt ) and completed my articleship from mid-size firm.
I got call from BCG twice and Mckenzie but didn’t go to interview. My profile was data scientist. Bcz my current job is even better than govt jobs.
If CA final cleared in 3rd attempt , can I get into management consulting and if yes , please give me a roodmap
No try to first work in big4 or some other 2nd tier consultancy company for 2-3 years and then do a MBA from a tier 1 college, preferably IIM ABC, FMS, ISB, XLRI or IIM L and K
Can we have a resume of Vatsal?
Kushal, as a girl I would suggest you to join gym. You'll look more good.😄
Sure I’ll start right away lol😂
@@KushalLodha548Bro took girl very seriously
@@Adi_thenonsenseguybro used sarcasm
Please don't just me on this but Is Apurva married.... Please
Nope not yet :)
We have discussed that as well towards the end :)
44:00
Consultants are bottom-feeders :).. dont get sucked onto the glamor, they should have also talked abt up-or out culture !
Please add timestamps
Done added
@@KushalLodha548 Thanks!
Travel like poor in the economy? Brother didn't even flinch once before saying that smh
What are the sources of information?
Thankyou for making me feel super dumb
His editor gave no fucks.
😢
I am sorry but unsubscribing you because you are promoting rat race sir..❤
Extreme manspreading