I worked in consulting for 4 years, half of which at BCG. Definitely super glamorous at times... My best memory was when I was put up in the President Suite at the Westin in Paris (lucky upgrade) on the peak day of Tour de France... Unforgettable! But in that same week I also stayed up working until 3am and still faced an unhappy client the next day :P
Superb outlay of a management consultant role at a firm like McKinsey! A friend works at McKinsey so I have heard about that feeling of being thrown right in to such a hectic pace! That’s a heck of a lot of meetings! Time consuming! Very interesting! Cheers!!
Another great video. I’m usually a silent viewer but wanted to say thanks for creating these vids, I’ve honestly found them so useful - much appreciated!
I’ve been following both of your channels for several months now. So cool to see this collab happening. Without a doubt the two best channels for students interested in Finance and Consulting. Keep up the great work lads!!
The videos have been super informative, I graduate this year and managed to land an internship at GS in Merchant banking from a non-target. here's to hoping it becomes a full-time job. tyty
I didnt get what exactly are McKinsey consultants are doing, except that they're very busy having meetings and "solving problems.." everyone is having meetings and solving problems. Plumber also solves problems and has many meetings with clients.
My friend used to joke management consultants were "rent-an-executive". They bring in new ideas, but it usually always result in "trimming fat" (aka cutting operational jobs and middle managers), merging and revamping business. The true value-add relative to their cost is questionable.
I understand that meetings with the client and your team are important, but - when you get down to the actual productive work (of what you're being paid to do) - what are the typical tasks that you'll be doing??
Essentially you are problem solving. Analysing data or business structures you have requested from the client, requesting data and other information, putting together briefing papers and slides. It depends on what the project is about and what the deliverables are. An example might be assessing a company’s operational maturity in terms of its processes. This may require you understanding those processes by reviewing policies, procedures and work institutions, then mapping them and determining what the total cost of running that process or a series of processes is end to end. That results in a gap analysis, requirements gathering and a solution design. All that data is then compiled into a report and deck for presentation. That’s a very rough outline of just one example.
@@perzonne6302 I’m sorry your too unintelligent to comprehend that not skipping lunch doesn’t mean someone is fat. I lift weights, I’m not skipping lunch because I need the nutrition to fuel my body. And also, I’m not a beta simp that would bend over to a client.
@@jefftX "I lift weights" Always key info on some fatty who can't even jog so they try just lifting instead, making themselves even bigger ironically. If you're passing out cause you skipped lunch that's not a good thing no matter what
You’re totally right. That honestly made me pause… like holy shit skip lunch?? What is this slavery lmaoo what on earth no job is worth your health this is absolutely crazy… I’m looking into this career path and these videos are honestly making me change my mind. I don’t want to give up my entire life for a career…
Hi @Afzal Hussein and @Firm Learning, going forward in post pandemic times, will Consulting have relevance and would we get a chance to travel like before? Also what is your take on AI and Machine being used for coming up with strategies. Is consultant's job going to be on threat?
Really good video just what i hoping for seem intrested, i was wondering if there could be another to answer more questions about this job in depth personally like Do you travel every week? How is the work life balance? Are there any benefits given to you as a result of excessive travel and away from home? Is there a certain place you travel to or is different every time? And lastly do you enjoy bieng a management consultant and what makes you admire the job the most?
Hi, thanks for your questions! Yes, until last year you would travel every week unless you have a project at home. You usually fly to the client on Monday and back Home on Thursday. Lifestyle / wlb for sure is not always ideal, but you learn a lot on the job. Yea I did enjoy being a consultant, but now also happy to transition into a new role :) Best, Heinrich
That is indeed the main reason why you end up needing to work late. The whole day is blocked with meetings and client interactions and then you need to do the "real" work on the evening.. Best, H
@@FirmLearning I see it the other way. I'd HATE sacrificing all those hours of my life, where I want to be working out, spending time with family, etc. Forget this job
McKinsey and Co is as shady as they come. Working for both the US and CCP to make billions. Not a care in the world as they take advantage of loopholes when it comes to national security. How this company is still allowed to work with Chinese firms that have ties to the CCP is beyond ridiculous. But as usual companies like McKinsey care more about the money then Americas national security.
I worked in consulting for 4 years, half of which at BCG. Definitely super glamorous at times... My best memory was when I was put up in the President Suite at the Westin in Paris (lucky upgrade) on the peak day of Tour de France... Unforgettable!
But in that same week I also stayed up working until 3am and still faced an unhappy client the next day :P
What does a consultant do? What are you asked to do and what results do you provide? Example?
Superb outlay of a management consultant role at a firm like McKinsey! A friend works at McKinsey so I have heard about that feeling of being thrown right in to such a hectic pace! That’s a heck of a lot of meetings! Time consuming! Very interesting! Cheers!!
There are hundreds of video on consulting but trust me I haven't seen something better than this. Amazing...
Another great video. I’m usually a silent viewer but wanted to say thanks for creating these vids, I’ve honestly found them so useful - much appreciated!
Great to hear you find it helpful - thanks Anna!
I subscribed for Heinrich's accent alone it's nice to listen to! heheh
I’ve been following both of your channels for several months now. So cool to see this collab happening. Without a doubt the two best channels for students interested in Finance and Consulting. Keep up the great work lads!!
Glad to hear you found the video helpful. Thanks for watching Florian!! Best, Heinrich
That conzaltant industry sounds like a lot of work
The videos have been super informative, I graduate this year and managed to land an internship at GS in Merchant banking from a non-target. here's to hoping it becomes a full-time job. tyty
Hey, thanks! That's super impressive. MBD intake is tiny compared to the rest of the bank. Well done and good luck! 💪🏽👍🏽
@@AfzalHussein Thank you very much, Ik the real prep starts now.
The time stamps are great, thanks for taking the time to do that for us!
just the collab I was hoping for
Thanks Yash :) Best! Heinrich
Yes! So cool!
Love the format! The days calendar on the screen is really cool!
Great insights - love this collaboration, thanks for setting this up!
Thank you!
This collab is better than Drake and Future
Noooo brooooo
The greatest crossover in the history of UA-cam!)
Now you make me blush. Thanks for watching!! :) Best, H
Nice that somebody from Germany is on this Channel 👌🏽(iam from Germany)
Awesome, thanks for watching :)
Love seeing this collab! Hope there is more like this in the future! 👏
Thanks Ben, trust Afzal and I will stay in touch :) - Best, H
I didnt get what exactly are McKinsey consultants are doing, except that they're very busy having meetings and "solving problems.." everyone is having meetings and solving problems. Plumber also solves problems and has many meetings with clients.
My friend used to joke management consultants were "rent-an-executive". They bring in new ideas, but it usually always result in "trimming fat" (aka cutting operational jobs and middle managers), merging and revamping business. The true value-add relative to their cost is questionable.
@@damienturner6368 That is true to some extent
that is the entire point of management consulting, getting paid a lot to do nothing and network with other do nothings
I understand that meetings with the client and your team are important, but - when you get down to the actual productive work (of what you're being paid to do) - what are the typical tasks that you'll be doing??
PowerPoint
Essentially you are problem solving. Analysing data or business structures you have requested from the client, requesting data and other information, putting together briefing papers and slides. It depends on what the project is about and what the deliverables are. An example might be assessing a company’s operational maturity in terms of its processes. This may require you understanding those processes by reviewing policies, procedures and work institutions, then mapping them and determining what the total cost of running that process or a series of processes is end to end. That results in a gap analysis, requirements gathering and a solution design. All that data is then compiled into a report and deck for presentation. That’s a very rough outline of just one example.
@@citizenphaid1880 serious question: Do you understand what you just wrote?
it will be replaced by AI in absolutely no time
No way this collab was haaaard
Glad to hear you liked it Jibran :)
Perhaps try doing a more interactive Q&A (between you and Heinrich) for future events like this, my 2c :)
Very useful. Thanks and kindly make more of such videos. Good luck!
Jheeez Big Link up !!!! Man like Afzal 🙌🏾🙌🏾🙌🏾 we need to always support Afzal, always helping the mandem
Lol, my guy 👊🏽
Can’t wait for that episode 6 recap :)
thanks for the video!
“May need to skip lunch”
Yeah, no, I’m not going to skip lunch and pass out. Client can wait 15 mins.
pump the breaks on the fries and shakes fatty
@@perzonne6302 I’m sorry your too unintelligent to comprehend that not skipping lunch doesn’t mean someone is fat. I lift weights, I’m not skipping lunch because I need the nutrition to fuel my body. And also, I’m not a beta simp that would bend over to a client.
@@jefftX "I lift weights"
Always key info on some fatty who can't even jog so they try just lifting instead, making themselves even bigger ironically. If you're passing out cause you skipped lunch that's not a good thing no matter what
You’re totally right. That honestly made me pause… like holy shit skip lunch?? What is this slavery lmaoo what on earth no job is worth your health this is absolutely crazy… I’m looking into this career path and these videos are honestly making me change my mind. I don’t want to give up my entire life for a career…
Brilliant vid
Thanks!!
💯this was great
Thanks!
Great content!
Sorry! I disagree.
This is a standard consulting procedure.
As a senior consultant we are doing things more individually and more efficient.
so, basically overtime everyday?
i'd say this guy loves a good meeting or two.
That was great!
Hi @Afzal Hussein and @Firm Learning, going forward in post pandemic times, will Consulting have relevance and would we get a chance to travel like before? Also what is your take on AI and Machine being used for coming up with strategies. Is consultant's job going to be on threat?
Which has best scope in future btech cse AI and ML or cse AI and datascience ? Kindly help me please ...past few days I am in extreme dilemma
A very good video Afzal.
I wanted to ask if it’s possible to get you as a mentor on Simpley even if there’s an extra cost? Thanks
Heinrich is a smart dude
Not sure this is true but thanks Anna ;)
@@FirmLearning shut up
Really good video just what i hoping for seem intrested, i was wondering if there could be another to answer more questions about this job in depth personally like
Do you travel every week?
How is the work life balance?
Are there any benefits given to you as a result of excessive travel and away from home?
Is there a certain place you travel to or is different every time?
And lastly do you enjoy bieng a management consultant and what makes you admire the job the most?
Hi, thanks for your questions!
Yes, until last year you would travel every week unless you have a project at home.
You usually fly to the client on Monday and back Home on Thursday.
Lifestyle / wlb for sure is not always ideal, but you learn a lot on the job.
Yea I did enjoy being a consultant, but now also happy to transition into a new role :)
Best, Heinrich
Thank you for always providing such helpful content.. emoji..
👊🏽
Thank YOU for watching!!
ok so what do they do?
In, fire 30% of the workforce, new logo, out. BAM, you are now officially a management consultant.
Frunkfort
Can I get into Hedge funds/private equity after doing a Masters in Management then working as a Management Consultant?
It's hard, bcoz there is very less hedge funds...
More interested in recruiting processes but this is good to
Thanks for watching Chulbul!
Thrilling
:OOOOO Good vid
This is exactly what I want to do
Heinrich and Afzal make my videos look substandard. 😅
Don't be too humble Tia, lots of success with your channel! :) Best, H
@@FirmLearning Many thanks for your kind words H! Have a blessed Christmas! 🎄
Oh man this is C R A Z Y
I don’t think I can handle something like this 😱 my body would drop. I feel like 1 week into this and I’d drop
where are you from?
謝謝各位指教
Is konzalting some kind of consulting?
This sounds similar to engineering consulting
LOL! imagine going to great place and not able to visit that. just having meetings.
selling your sould for money to the big 4 is the name of this game....
Man like Arnold
So you basically only work 3 hours a day, lmao.
That is indeed the main reason why you end up needing to work late. The whole day is blocked with meetings and client interactions and then you need to do the "real" work on the evening.. Best, H
@@FirmLearning I see it the other way. I'd HATE sacrificing all those hours of my life, where I want to be working out, spending time with family, etc. Forget this job
McKinsey and Co is as shady as they come. Working for both the US and CCP to make billions. Not a care in the world as they take advantage of loopholes when it comes to national security. How this company is still allowed to work with Chinese firms that have ties to the CCP is beyond ridiculous. But as usual companies like McKinsey care more about the money then Americas national security.
imagine not able to sleep for 8 hours :'(
I wonder where he comes from ..
Lol
Conzalting
;) Thanks for watching Niccolò
Sooo a lot of it is time wasted
90% meetings
that is why consulting firm better pay those consultants well... else it is just pointless....
👍🏾
💪❤️
Okay this sounds torturous 😣
god forbid
What
Lmao this sounds horrible ... even Lunch with the team huh lolol shit.
after watching this video, I still do not understand what you guys are doing specifically
He makes working until midnight normal. I think Management Consulting is such a broad term like analyst.
Consultant guy talks so happy about working 12+ every day and even skipping lunch... That's fucking slavery.
👍
You have a great presence, subscribed! 👏🏽
🥳
🏁🤝
Thanks for making it to the end :)
👍🏻
This crazy life style! Dangerous for health!
💎⬆️
Conziting
مش امي
🤫
That sounds like a terrible schedule
These long hours! Not good at all!
emoji
Thanks for watching until the end Evan :)
Sounds abysmal
Lets just say you get used to it :) Best! Heinrich