CONSULTING: Everything You Need To Know - Salaries, Exit Opportunities, Work Culture
Вставка
- Опубліковано 13 лип 2024
- Let's deep dive into the influential world of Consulting. I interviewed current and ex-consultants who spilt the tea on what its REALLY like to work in consulting...
⏱️Chapters
00:00 - Introduction
01:32 - How I Prepared
02:07 - What does a Consultant Actually Do?
02:21 - The Favourable View
03:40 - Analysis, Strategy, Implementation, and Evaluation
06:55 - Daily Tasks
07:50 - The Un-Favourable View
08:54 - Managers Passing The Buck
09:22 - The Consulting Tiers
11:20 - Career Progression
12:38 - Salaries
14:09 - Work/Life Balance
16.10 - Insecure Overachievers
16:41 - Why Choose Consulting?
18:32 - Exit Opportunities
19:31 - Is Consulting A Stepping Stone?
21:28 - Stress
22:18 - Career Consultants
22:36 - Travel & Work Week
24:15 - Perks
25:30 - Consulting after 2020
26:40 - Conclusion
🔗 Links
- Consulting Comedy - Instagram Page: tinyurl.com/t6zj2j5j
- Desert Island Discs with John Legend - BBC: tinyurl.com/4p75zfc8
- Will AI Become the New Mckinsey - The New Yorker: tinyurl.com/9xrpw3xm
- How to Compare Consulting Firms and Which One is the Best - Acknowledge.com: tinyurl.com/4eptfkrm.
- Management Consultant Salary Report - Management Consulted: tinyurl.com/mr447su8
- Work-Life Balance - consultancy.co.uk: tinyurl.com/r8fmptmy
- Insecure Overachiever? You Are Perfect For The Job - The Financial Times: tinyurl.com/24bju37p
- The Times Top 100 Graduate Employers - The Times: tinyurl.com/bdf7d4a3
- Proof that a lot of strategy consultants leave after two years - eFinancial Careers: tinyurl.com/cs8zppz7
im currently going to college for business administrator and I was confused on what my job will be for a while, and i was bouncing back between accountant or real estate agent, and i knew consulting was a thing but i thought you needed a law degree, and this might just be a job for me hearing the negatives are just my everyday life. i dont know if id take the job but i’ll definitely do my internship for consulting since the experience will be the highest earned
I am glad to hear you have found it helpful. People I spoke to had lots of different degrees before going into Consulting - Geography, Physics, Chemistry...If you are unsure of what you want to get into then consulting could be a solid place to start!
Fantastic video! Well explained
Great stuff! Very informative
Very helpful and comprehensive with a cool touch of humour!
very well explained !!!
Very insightful
This was very clearly explained and insightful for it being the first video! Cool that your brother shared it!
Thank you Brian. Yes he's a good big bro :)
Brilliant video, so informative! Loved the fact that ex and current consultants were interviewed, great work!
Really happy to hear that! More vids to come
Good information but I am subscribing because your video layout was awesome lol. Keep it up bro
Great stuff. Informative and professional. Looking forward to more of these.
Thats kind, thanks!
Really helpful x
Great video mate !!
Thank you!
Really helpful! Thank you!
You're welcome!
The quality of this video is incredibly interesting ❤
Glad you think so!
I was a big-4 consultant and I think it is just a great video. So much work went into this haha.
Thank you very much! I really appreciate it :)
Great video
merci
I'm ur 37th subscriber❤
woop woop!
Would like to hear ur thoughts on Venture Capital as a fresh grad career. And is it somehow like consulting but a little bit more meaningful(?)?
Thanks for your message! If I'm honest I wouldn't feel comfortable giving out advice on Venture Capital just yet. I will put it on the list of professions to deep dive into, watch this space...
Too Good 💎 what would be some best books to read for becoming a consultant ? I am an mep hvac engineer in Aec construction industry working for air conditioning projects...
Here are a couple I found online that look good: The Art of Consultancy & Case Interview Secrets. I haven't read them myself but does anyone else in the comments have any suggestions?
@@jobsworthy Sounds good 😊 could you name the author of book art of consultancy as i can't find it exactly by name ? I am in service based industry so hope it works for me also ..
Can we have the link for the interview with former consultant from the implementation firm, looks interesting.
Thanks for your message. I am hoping to get it up in full at some stage, I have a couple of videos I would like to do before then but i will be sure to let you know once its up!
@@jobsworthy thanks man
You fill in the gap of knowledge that I was desperately searching for after graduation. 5 months after grad, still no interviews. Went through the Google project management course, not sure what to do anymore. Any advice on how to get myself involved with consulting without even getting hired? What kinds of personal peojects can i do for portfolio? In Europe its a bit of a different situation but still a worthy for an entry level position, I hope
Where exactly are you in the world? I am keen to do a follow up video that can answer your questions, in the meantime I would say work on your excel and presenting skills as this will be the focus of your interviews. Make sure you highlight these skills in your CV or application. Also in terms of getting direct work experience there are a number agencies out there that consultancies use to recruit external data collectors i.e. people who will conduct interviews for their consulting projects often in a language that the consultancy team doesn't have access too.
Sign up at recruitment companies and agencies that off short term or part time work at consultancies. Look for the term analyst or interviewer on the recruiting firm's website.
@@jobsworthy Thanks a lot. In Amsterdam, and not from here, so language proficiency is another barrier in Europe that works in this case. Good luck with youtube!
@@jobsworthy Do you know any examples of such agencies that recruit external data collectors? It sounds very specific yet I don't know any. Thank you
Don't worry if Dutch or English isn't your first language they need multilingual. Have a look at company called Language Matters (look out for their contract or temporary positions), my partner knows someone who got experience at Bain that way.
Have a look through this website:
www.iamexpat.nl/career/working-in-the-netherlands/dutch-recruitment-agencies
I'd recommend giving them a call after applying online. Its a people lead business so if they like you on a personal level that will help. Focus on applying a smaller number (2-3) well rather than spreading thinly across lots of businesses.
Best of luck! My fingers are crossed for you
this is not much money. even 190 having a MBA - given youve probably had 6 years of school and multiple entry level years. its decent. wages need to increase. however i work in tech... so i get it
I get that, there is a lot of work you put in. I don't mean to throw shade on it paying well. Just pointing out that relative to a lot of career 190 is a great deal of money
If you are planning to cone to consulting for the work life balance then don’t
You work 80% of the hours you do in IB for 30% of the pay
An interesting point, I might follow up with a video comparing the pros and cons of going into consulting vs investment banking. This would be great to include in that, thanks!
The salary is way off… MBB is $130K out of undergrad, Big 4 is $80K on average
Thanks for the correction!
i dont know why i feeel like you havee been rejected by a counsltant company?
Haha I haven't actually, but I can see how it might give that vibe. I just wanted to give a range of experiences some of which are negative. I'll be releasing some videos exploring the positive aspects in the coming weeks, so keep an eye out :)