Rich lifestyle of BCG Consultant😮 (ISB MBA)
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- Опубліковано 11 бер 2022
- How was my lifestyle as a BCG Consultant? Hit like for my " Michigan " star slip of tongue 😆
In this video, I decode the travel, hotel stay, gifts, and annual bonus - all comprising lifestyle of a Mckinsey, BCG, and Bain Management Consultants!
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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.
She will be uploading daily content on 🚩career advancement, 🚩personal finance, and 🚩productivity hacks. Be sure to subscribe to the channel to get notified whenever she uploads the video.
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Video Transcript-
As most of us are aware, MBB Consultants are not just known for their competence, but also for their flamboyance and luxurious lifestyle. Before I begin unrolling these lavish perks of management consulting, you must note that consultants' experiences change based on roles and geographies and I would be sharing my experience as a BCG consultant in the India Office.
Typically undergraduates and people in their mid-20s are eager to hop onto the bandwagon of consulting because of the status and glamorous lifestyle attached. While there are undeniably some great perks, the job does come with more fulfilling experiences, meaningful learnings, and relationships. And all these elements continue to bear fruits, even as an alum.
As always, I have structured this career insight into 4 significant sections as follows.
1. Travel
Right off the bat, let's get into the most interesting topic, which is the travel lifestyle of a consultant. As a consultant, if I were to be transparent, I experienced all the finer things that accompanied this strenuous job.
For example, I traveled on a premium class ticket from Vistara to Kolkata, every Monday morning for my first case. Post that, every Thursday night I would fly back to my home office in Delhi on Fridays. To put it mildly, you do become well acquainted with airports over time :)
To put things into perspective, every consultant takes a bare minimum of 2 flights, to and fro, every week. However, as you move higher up on the ladder, you can fly out at least 5 times a week. Overall, I have met very less consultants who have been fond of traveling so much.
To bring the point of perks back, you are also rewarded by flights with premium or business class membership, as a result of an extensive amount of travel. I recall a colleague and a friend in BCG who funded his trip to Bangkok without spending a penny from his own pocket!
Now talking of the other benefits, minor things such as your entire food and drinks on the flight are taken care of by your firm. Taking luxury a step further, you also get access to a BCG car with a chauffeur for road travel. This certainly prevents the hustle-bustle of booking a cab and meeting at the right location.
Overall, as shallow as these perks might sounds but they definitely appreciate the value of a consultant's time and make their life much easier.
2. Fancy Stays
Diving into the most fantasized point- the high-end hotel stays. It is commonly known that Mckinsey, BCG, and Bain consultants get to stay at the Hyatts and the Marriotts of the world. We were mostly hosted at 5 Star hotels for work trips. You get the luxury of dining at Michelin-star restaurants while not looking at the prices.
In fact, we have flown to Bangkok for our South Asian BCG orientation. I had a gala time during this 1 week's trip.
3. Bonus
Moving onto the most scrutinized aspect of consulting.
The salary of a consultant is like a hockey stick, their salary and bonus increase with time and experience. There is no end to the bonuses after climbing up to a certain point in the hierarchy.
It is well known, that consultants don't only make a fixed salary, a large part of their salary is accompanied by generous annual bonuses they receive.
Hit like for inadvertently pronouncing French word with an American city (Michelin with Michigan 😂)
And on a totally related note, become part of the disruptive GGI Impact Fellowship to get in management consulting/development consulting here (recently featured by Poets & Quants also) - www.globalgovernanceinitiative.org/
travel fades out real quick. Its fun only in first few months :)
On point!
What nonsense. I have been travelling for last 17 years and I am still enjoying it.
@@piyushmishra4694 exceptions exist buddy
Guru sahi pakde hai. 🙂
Agreed
Hi Shatakshi,
Glad to see you post such good content. I have been folloeing you for the past 2 years on LinkedIn and all your works has been inspirational.
Can you make a video on Data Science or Business Analyst opportunities at Consulting Firms for people who are not from B Schools?
Sure Nainil, let me look into it. If this is what you are looking at, many of our Fellows at Global Governnace Initiative, have been able to pivot without formal b schools degree.
Very nicely explained! Thanks for your efforts. Please make a video on doctors in Healthcare related Consulting.
Sure. Will look into it
Please look into it😊
Do you think if the goal is set from the very beginning it is possible for an IIT(newer IIT) student to get into a management consulting role at an undergraduate level?
I have heard people at the top 3-4 IITs get those opportunities but am unsure if it can he achieved by the newer IITs
(IIT Hyderabad in my case)
Randomly got your video, later on, realized we are already connected on LinkedIn,
Highly quality content.
Hoping for a professional podcast with you soon. Keep going on with the same content. Thanks.
Plz Make a video on options for doctors in healthcare related consulting
Please make a video on how to become or enter the management consulting job role , especially for Big 3
Hi, I just accepted my bcg VA offer, I was wondering how does the firm actually cover travel related expenses etc. Is there a separate card that you can use, or do you have to do some annoying personal accounting every week where you send them receipts? Thanks for the video.
UA-cam algo suggested this video and it was spot on. Though i'm not in consulting but i love to hear the nitty gritties of corporate worklife in india. Also being from kolkata i liked the experiences you shared from there
Great to hear that Zonka
Did you forgot to mention the cons. Or was it deliberately left out?
Hi Shatakshi,
Thank You Very Much! for such a back to back good content.
Can you help me understand the Business Analyst role in MBB or the Big 4?
Does a Business Analyst also need to travel as extensively as the consultants or partners?
Yes, everyone from BA to Partner travels. Partner the most, and BA the least.
Hey, I am in my final year of PhD in chemistry (specialising in medicinal chemistry). I am interested in joining BCG as life sciences consultant. Can you please inform, how i can apply for the same? Is mba after PhD necessary for the same role? Thanks in advance
Mam can u pls make a video on digital transformation questions u dealt with in consulting? I will like to know more
Do company get those flights and hotels booked or you have to book yourself and get reimbursed later ??
This kind of life style look very frustrating... I'm thinking of consulting but after don't know...but once I got married ..such life style i don't know from my point and her... I'm already frustrated of hotels and flights..I lost my personal life time in hotels and flights..is this remain same after 30s too...
So true. I was also an auditor in a big 4 and we had to travel to the client places. After a point your home and home food becomes a luxury. It's horrible to live like this.
Hi I work as data analyst from past two years. How can I take my first step towards consulting?
Mam, Could you please tell us which program you studied in ISB ? Please
Satakshi I want to switch to Tech BA profile after having 6 years of IT developer exposure.Is it a good decision to go with ??
Amazing content!
Thanks Sameer
Hie shatakshi , i have done my MBA from a normal b school currently I am an hr associate with infosys , can you pls guide how can I switch to a consultant role or Should I prepare for GMAT and then go for a one year executive mba ?
Amazing video 💯💫
Thanks Harsh
Hi ma'am
Thank you sharing this.
I had a small query ,Is it possible to get into management consulting in a MBB from analytics background from big 4??
At the age of 33 , without a degree from a premium institute, what r the ways n chances of getting selected in these premium companies
Amazing video Shatakshi. I've been following you and GGI from a long time. I've a question for you how did you figured out that you wanted to get into consulting? Looking forward for your reply.
Saket, it was kind of an obvious answer since undergrad because of my elder brother who was also working in similar sector. I had made a video on my channel how to choose career, feel free to check that out :)
@@Shatakshi.Sharma I checked out. Thanks. Your channel is amazing. Keep posting such videos. Very informative ❤️
Hi shatakshi ? What is the probability of getting staffed at international projects in BCG. Please do share. Thanks !
Having 18 hour workdays is not worth it.
Maam, how much education did you have and how u got ur first job as a fresher, in which farm
Mam what are you doing now after leaving consultancy job?
Nice video 📹
Does bcg book business class tickets for consultants?
Sir , need reality check. PLEASE answer. I am very disappointed , and it feels life is wated. Age 29. With lots of gap in education my btech degree extended i mean it took more years to complete. All because mentally unstable and toxic family environment. All i want to ask 10th 83 diploma 70 btech 69 no exp and gaps in education. Should i really look for mba in top bschools like jbims and fms. Can cat will help me to overcome these damage of gap in education to get admission and placement I NEED REALITY CHECK.
Hi Shatakshi! Hope you are doing well! Glad to know that much about BCG. I wanted to join at BCG but didn't get any response after applying. Can you please help out?
CAN YOU DANCE NAKED???
Hi Shatakshi
Really loved the video. Came here from the recent video you had posted. I am a law graduate (2020 batch) and was always fascinated by management/business in general. Have been planning on writing CAT and Gmat this year but still lack somehow the perspective whether the decision of doing an MBA post a 5 year degree in law makes sense. I’d highly appreciate your take on this.
Hey M23, please define your post MBA Goals very sharply. Else you might end up wasting your money and time :)
@Shatakshi I agree. They're still a little blurry to be honest. MBA felt like an opportunity to change my field from core law to some kind of amalgamation of law and business. I am doing a non core law job right now in a technology consulting company however I feel I'll be stuck here for a long time and don't have that authority and push that I'll get by doing an MBA.
@@user-yt5ri3uk9u Technology consulting after law? Sounds interesting!
Let me make a guess... do you work with SYKE?
Hi mam it's possible to crack very average student like 60 70 percentage like bcg or MBB consulting firms in top b school like jbims it's possible how what will do In college during mba
Make video this topic it's really helpful
Mam pls once let me know, how can i hire the mckinsey company consultants. I want to start the business.
10th....72.5%
12th...73%
Grad... Bcom(final)
Fresher
No spike
Kya consulting kr sakta hu
I want to know that career gap can affect job prospects in consulting career
Yes, if you dont know how to justify it
I heard consultants have really hectic job and 14-16 working hours
It's not Callcatta it's Kolkata
Do you know about ca Nandini agrawal?
Pls send me replay mam