How to Network to Get a Management Consulting Job

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network

Networking is a wise way of landing a job in management consulting. By expanding your circle through joining organizations and attending activities, you’ll will encounter key people who can help you in the recruitment process. Continue reading this post and realize the relevance of networking in pursing a consulting career.

The concept of networking all started with man’s gregarious nature. Nowadays, it connotes a different meaning in various settings. In computer science, it’s the act of linking two or more units in a specific area for data sharing. In business, it happens when like-minded people build relationships and act upon a  business together. For management consulting applicants like you, it’s one way of getting the dream job.

Benefits of Having a Wide Network

Your network can give you either of the following:

Information

Consulting vacancies are normally not published on newspapers or posted on job boards. Recruitment is sometimes facilitated through university or college events. More often than not, assessment of experienced candidates is conducted when they get recommendations from the firm’s existing employees. Hence, the more people you interact with, the more updated you are with job openings, the more chances you can apply and be assessed for the position.

Recommendation

Recruiters receive piles of resumes for a single position only. For instance, in top management consulting firms like Booz and BCG,  candidates have a small probability of getting hired due to the large number of qualified applicants. However, if you get a credible recommendation from somebody in your network, the employer will more likely bank on your competencies.

Employment

Some people within your network might be job providers themselves. If they need your services or expertise, they can simply tap you for help. At times, you find a business partner in your network too. You can plan for a venture on putting up a quaint coffee shop or on providing management consulting services to local companies. The possibilities are endless.

Widening Your Network

Every day is an opportunity to add more people in your network. It just depends on how you maximize your time and deal with the people you meet along the way. Below are three proven ways on how to improve your network for a management consulting position.

Be Friendly

Sociable people tends to have a wider network because it’s their nature to reach out and befriend others. Friendliness paves ways for two people to establish rapport between them, build trust and comfortably exchange information. This characteristic isn’t difficult to develop at all. It usually begins with the habit of smiling, followed by sincerity and kindness,  and ends with a high five.

Join Clubs and Organizations

Being an active member of a club or an organization allows you to meet more people and make meaningful connections. As you consistently participate in the activities, you’ll get to know more about your new found friends, including their hobbies, profession and even their circles. When you start sharing your own world, they will also know that you’re particularly interested in management consulting. They might be able to help you land a job in that field.

Many consulting firms also facilitate on-campus activities to get in touch with potential applicants. Stay updated with your school career programs to maximize that opportunity. On those events, make it a point to dress professionally, meet consultants and talk with them. Ask them well-thought open-ended questions that can start your discussion. Don’t forget to introduce your name and ask for a business card. End the conversation with a firm handshake.

Explore LinkedIn to Your Advantage

Human Resources Departments have also shifted from using traditional ways of employee selection to paperless virtual recruitment. As a proof, many job advertisements are now posted on global marketplaces. For instance, LinkedIn, a popular professional networking site, is often used for hiring purposes nowadays. Many companies believe it’s an efficient and effective way of contacting candidates and filling vacant positions in their company.

To increase the chance of being contacted by recruiters on LinkedIn, complete and update your profile regularly. It’s your way of assuring them that you’ll reply to their message should they contact you. On that site, you can also join circles and connect with people in the same field. Be tactful in dealing with your virtual contacts. To keep your credibility, maintain a professional image.

Maintaining a Good Network

Establishing a connection with a person may be easy but maintaining it takes more effort. To help you keep the network you’ve started, here are three tips.

Build a Stronger Relationship

Do not use your network for a management consulting position as a means to an end. Your contacts deserve to be treated personally and sincerely. Regardless of the job opportunities they bring in, take time to communicate with them, update each other’s whereabouts through chat, call or email, and enjoy their company. Have fun listening to their wonderful stories and crazy ideas.

Be Grateful

Never forget to drop by and express gratitude for any favor they do for you. Avoid the mistake of disappearing like a bubble once you get their referral or recommendation. If you get the job, update them from time to time about how things are going. This will send them the message that you value their assistance.

Treat Kindness as a Two-way Street

The golden rule prevails. If you want assistance, you should extend some help as well. If you hear vacancies and opportunities that suit any of your contacts’ personality, inform them. They will certainly appreciate your effort.

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Have a Backup Plan for Your Management Consulting Career

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Financial Planning - Couple getting consulted

One of the sad realities that you and the other graduates have to face is not getting what you want. While the school is full of idealism, the real world is about survival of the fittest. Read more about the importance of a backup plan for your consulting career…

Even if you have finalized a five-year management consulting career plan before graduation, it may not be actualized when practical matters get in the way. It is then important to have backup plans to keep you going.

The Greatest Frustration in Management Consulting

The dying economy has not produced enough employment opportunities. More often than not, management consulting firms such as McKinsey, Bain and Boston Consulting Group receive huge amounts of applications. The competition is so high it causes frustration to numerous applicants. There are exceptional candidates to beat, challenging tests to take and thought-provoking consulting case study interviews to pass.

Importance of Backup Plans

While waiting for a break in management consulting, make use of your backup plans. Explore LinkedIn and the classified ads. Try out other jobs that fit your qualifications. There are two reasons for this. First, you need to make ends meet. Times are hard and you need to independently address the basic necessities in life. Second, it’s also a great way for you to build up your resume. Being hired to perform various duties and responsibilities gives you chances to enhance your analytical, leadership, communication and social skills in different settings. These are valuable for a wishful consultant.

Expanding Networks

Whatever job you land in, may it be in investment banking, finance, marketing analysis, or business development, treat it as an opportunity to meet people and expand your network. Your colleagues can always refer you to their contacts in management consulting firms. Also, though it’s not your ultimate dream, always keep up the good work. Never take it for granted. You’ll get more recommendations from your new network if they can attest to your commitment and ability to do your job well.

Flexible Part-Time Jobs

If you get hired in part time jobs, there’s one thing you should be grateful for: flexibility. While you’re off duty, you can go job hunting through job fairs, join clubs and organizations to enhance your competencies and comply recruitment requirements. If you prefer, you may also work double time and save up for further studies to push your resume to the top of the pile. While you still own your time, make the most of it. Spend it in a way that will prepare you for your dream job.

Management consulting is a perfect career area where fresh graduates like you can instantly earn way above the minimum wage. However, if the opportunity doesn’t fall on your lap as expected, it only implies you have plenty of time to prepare for the intense and long working hours. Remember that if you really deserve to be there, you will have it in your own time. Just stay positive!

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Proofread Your Management Consulting Cover Letter

Written by . Posted in Consulting Application, Resume/CV

resume

Just today I talked to a hiring manager who expressed his frustration at the carelessness people show in the cover letters they submit. Many applicants do not put the required effort in their cover letter. Read more about why your cover letter is more important than you might think…

Let’s get back to that hiring manager. He says: “They claim to want this job and to have the communication skills to do the job well. But if they cannot show the simple respect of proofreading the letter, I admit it – I get impatient, and I throw their application in the garbage.”

While not every recruiter is going to have a reaction this violent. It is imperative – and no amount of repeating this is enough. You need to carefully proofread your cover letter before submitting it. We implored you to proofread even back in 2010.

As we have stated many times, it is not enough for you to proofread your letter alone. You are too close to the material to see it clearly. While your friends and family will offer some help, you really need professional editing and proofreading help when you reach the upper echelons of management consulting hiring. Seek the professional skills of proofreaders who understand both your skills and how they fit into the management consulting industry.

Take on the editing and proofreading challenge one step at a time.

Go the Distance

In writing and rewriting your letter, you should be proofreading and editing it all along. You are in it for the long haul and intimately know the letter’s contents. This is both a good and bad thing. You can go the distance on the content and finely hone its message. At some point, when you have your personal brand perfected, you will need something more. You will need a fresh set of eyes to seek out the grammatical issues you no longer see and to find the ways you might craft your language into something sharper. From seeing something too much, too closely, we no longer see it clearly.

Seek Professional Help

A professional editor and proofreader will offer you the fresh, outside, unbiased view you need to perfect your cover letter. There are numerous services and individuals offering this kind of professional assistance, and you should not be shy about asking for references or work samples. It is, after all, your future career at stake. A professional should offer not only a valuable impartial perspective but should have the technical skills to make your letter error-free and sharp.

Tap the Network

Even after you have been through your letter a million times and have let a professional have his/her way with it, you might still want to assess it from the point of view of a real-world individual. You have certainly networked enough to form relationships with industry mentors, businesspeople and others who have enough real-life professional experience that they can read your letter and give you some valuable advice on how your letter might be received, what kinds of content is most useful versus completely useless, etc. It never hurts to seek out this kind of input, even if you do not end up using it. It deepens your understanding of what recruiters and managers are looking for.

Gut Check

Before you submit your letter, do a final read-through without overthinking it. You have put it through the ultimate stress-testing, and now it should be perfect and ready to send. It is always wise, however, to give it a final gut check, doing a final proofread for the most basic, overlooked errors; reading for sense and suitability (for your desired job) and overall flow.Likewise, proofreading is not just about errors in your typing (although that is crucially important!); it gives you another chance to be sure you are writing your letter in your own voice in an effective, honest manner. You can ask yourself the last-minute things, such as, “Have I sold myself effectively?” and “Are there significant missing pieces to this picture?” This is what the gut check is all about.

When you are satisfied, you are ready to send your cover letter out into the world.

You are never alone in putting together your management consulting cover letter. A great friend in helping you write the perfect letter is the ConsultingFact.com “Guide to Consulting Cover Letters and Resumes“.

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Five Steps to Improve Your LinkedIn Profile for Management Consulting

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meeting

Have you recently looked at your LinkedIn profile and updated it? LinkedIn is very well suited to provide you with new job opportunities, regardless your career path. The Management Consulting industry uses LinkedIn a lot, so this might be a good opportunity to start networking with management consultants. Read more…

LinkedIn is one of the biggest and most popular online professional networks. It offers free access to professional opportunities, the ability to stay in touch, build your network, find a new career and put yourself out in the open market. Over 80% of companies are online using LinkedIn to fill job openings, and LinkedIn is an online home for serious hiring decision makers. LinkedIn gives you access to channels that will help you make inroads to meeting your career goals, even in these challenging economic times.

Given LinkedIn’s growth, you want to find ways to differentiate yourself and maximize your professional presence online. Here are five key ways to make this happen.

1. Keep Your Profile Updated

You would be surprised how many people forget to update their LinkedIn profile. Update yours to reflect changing jobs, roles and responsibilities. Make it completely searchable. Just like in a high-quality resume, you want to provide a solid intro to you and a more searchable, keyword-friendly outlet. Balance quality keywords with content that will pique a reader’s interest.

2. Complete Your Profile

Use your profile as a tool to differentiate yourself. Use recommendations – give readers a more objective outlook on who you are as an employee, employer or individual. Branch out into lesser-used LinkedIn tools, such as video, for a more multimedia experience. Also, remember a catchy summary.

3. Update Your Status Regularly

Tell the community what you are working on, what interesting news or industry events you are related to. Your active participation on LinkedIn helps to show that you are active in your profession, field and its developments. Top tier consulting firms are looking for passionate management consultants, and this is a great way to show your passion.

4. Increase Your Visibility

This has a twofold meaning. First, literally – include a professional-looking photograph to create the visual impression for your reader and include links to your websites, whether of your company, your blog or another personal site that is relevant and may augment your profile. Second, figuratively – make more connections to build your trusted network.

5. Build Your Brand

Create an attention-getting headline/tagline, a message that serves as a personal pitch. What impression do you want to leave with the reader? Your profile is a one-stop shop where you can present yourself your own way.

Leverage the potential of LinkedIn by working on your profile today! If you need more advice on how to land a job in management consulting, then have a look at our guide. ConsultingFact.com offers guides for resumes, cover letters, case interviews, case frameworks, and other material that will help you land a consulting job.

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Review Service for Your Consulting Cover Letter and Resume

Written by . Posted in Consulting Application, Cover Letter, Resume/CV

magnifier

The consulting business “runs a tight ship” so-to-speak. This profession is one that has its’ most critical eye on every single detail. Consulting firms seek specific traits in its consultants, and therefore it’s important that you showcase your skills, your education and your ability to excel, in a creative and impressive way. Read more…

Employers in general usually spend less than one minute on reviewing a resume/cover letter so you want to be among the select few “eye-catching” applicants.

Among the list of areas that can make or break your cover letter and resume are:

  • Specific content – Consulting firms seek some very specific skills so your content should make you stand out and display your innovativeness in a strategic way.
  • How aesthetically pleasing and professional your format is – This can include the way you use numbers & numbering, bullets, margins, spaces, fonts and more.
  • How much content you provide – “Just enough” content should be used in each section. Too much content or too little content can be a deciding factor in your fate.
  • The way you address coursework, awards, scholarships, etc..– Be mindful of how much you “list”! Pick the few that will showcase your unique path but don’t overwhelm the reader with every single accomplishment.

Leading Consulting Firm McKinsey & Company state “We look to hire individuals with leadership potential, integrity, a sharp analytical mind, creativity, and the ability to work with people at all levels in an organization.” Notice some of the keywords, “leadership potential”, “sharp analytical mind”, “creativity” – it is massively important to present these skills in the proper way; the key is to display these skills in your document, not just to say that you possess them.”

Another leading Consulting Firm, Bain & Company, has been known to consider applicants based on more than just their educational background. One of their Managers out of San Francisco said, “Bain was open to my non-MBA experience and valued my real world business experience”.

ConsultingFact.com provides a review service that will help you perfect your resume and cover letter so that you can ‘make the grade’ when it comes to those cherished consulting positions. ConsultingFact.com’s Resume and Cover Letter Review Service will review your documents within 48 hours and provide detailed guidance on how you should improve your application to increase your chances in securing that coveted position of Consultant.

Don’t hesitate to get in touch and see how we can help you!

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Allocate Enough Time For Your Management Consulting Application

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clock

Once you have decided that you want to pursue a consulting career, you also need to decide when to start applying and preparing. Should you spend half a year before interview rounds just to be able to ace everything? Or do you feel prepared already and plan to only spend a week or two before the interview? Read more…

You should as a rule of thumb use three months for applications and preparations. Different persons might be better at some points of the process. But, for the vast majority – if you are serious about obtaining a consulting position – you should be ready to invest the time necessary. Three months is not exaggerated and most consultants have spent lot of time practicing and preparing.

Applying to management consulting is a very demanding process. Here are some of the tasks that you will most likely have to do:

  • Write your resume
  • Write your cover letter
  • Proofread and send your application
  • Practice verbal and numerical reasoning tests
  • Practice your mental math skills
  • Learn the case frameworks
  • Practice case solving
  • Complete mock interviews

Many aspiring consultants do underestimate the necessary effort, and spend most of their time preparing for case interviews. Although this is crucial, you also should do many other tasks. Do not wait until last few weeks before the interview!

If you want to get a good start on your preparations, then download our free guide on how to land a job in management consulting.

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How to Get the Management Consulting Internship You Want

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internship

The ironclad way to get into management consulting top firms like Bain, McKinsey or Boston Consulting Group is through a college or post-graduate internship. Each of these companies reports that they give a full-time job offer to the overwhelming majority of their interns. Listed below are the fundamental facts on how to get a consulting internship.

What Management Consulting Firms Look for in Interns

Internships generally happen at two periods: either following the junior year of undergraduate education, or midway through an MBA program at a top business school. The top four management consulting firms primarily consider recruitment at the top 30 colleges and universities in the United States, and likewise throughout the world, a stellar academic record is critical.

Most firms, including Boston Consulting Group, argue that interns are well-compensated, so they are expected to work on cases painstakingly during their summer program. They must demonstrate the ability to learn quickly, think rationally and apply techniques carefully. More often than not, you will come across this intellectual capability requirement when looking for strategies on how to get a consulting internship.

The Management Consulting Internship Application Process

As mentioned above, management consulting recruiters visit schools for recruitment purposes. After informational sessions, interested students may have up to two interviews on campus before they travel to the office where they could end up spending a summer. Much like entry-level positions, the interviews tend to focus on case studies and tests of applicants’ ability to reason out marketing and business possibilities using mental math and reasonable estimations.

Another thing you must know on how to get a consulting internship is the fact that recruiters also assess your personal characteristics. They ask questions designed to determine your values and habits as a professional. Boston Consulting Group, as an example, generally looks for humble individuals.

What If Your School Isn’t a Target of Consulting Firms?

ConsultingFact.com has an entire article about how things are different for those who graduate from a state school or a non-targeted university. But briefly, if you do not attend a school with on-site recruiting, it’s not impossible to get a management consulting internship that can help you get started on a path to a rewarding career in the field.

What you will need to do is start creating a personal rolodex of any potential contacts that you know, or could make. This means talking to professors in business and management courses at your school, contacting your school’s alumni information for names of people who have worked at the big name firms. Establish these contacts before recruiting events at other schools, and leverage them into a potential contact in the HR department of a potential firm. Keep in mind that you may have to work harder on introductions, but the payoff is very rewarding. You will be able to demonstrate your persistence and determination, two characteristics you must acquire to understand how to get a consulting internship.

For tips on how to ace interviews for an internship or entry-level position, download this free guide. ConsultingFact.com offers guides for resumes, cover letters, case interviews, case frameworks, and other topics that help you land a consulting job.

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Major or Boutique Consulting Firms

Written by . Posted in Consulting Application, Consulting Industry

Consulting Firms

We were talking with a friend of ours who works as a copywriter in the advertising industry. He works in a small boutique that principally does online messaging for the travel and leisure sector. As we spent time, we realized how his choice and our choice in careers varied by more than just the industries we chose. Read more…

That’s because although he became a creative executive and we went into management consulting, the structure of the firms where we worked couldn’t be more different. As someone who had a background in the small, liberal arts colleges in America, he saw the best fit in a small shop that targeted his interests. And that’s one option for management consultants as well.

The Boutique Firms and What You Get

At a smaller management consulting firm, you’re likely to find that the companies you focus on represent just one or two related industries. Furthermore, you’ll be solving specific problems related to one portion of their business activities.

On the bright side, you’ll also be working with top-level executives and in many cases be one of only a few people working on a given project. This means that you are making contacts with C-level thought leaders and will often be asked for input on many aspects of a project.

At the same time, you are less likely to be working on a variety of projects. Like our copywriter friend, you’ll be focusing on one industry or one management focus during the course of your employment.

The Big Names and Your Level of Involvement

A big consulting firm like BCG, McKinsey or Bain will deal with the management and business issues of a variety of top firms around the world. You will likely be one member on a larger team that attempts to deal with high-level concerns and promote system change.

This means that the number of people you will come in contact with will be much larger and span various sectors. At the same time, you might be working on very specific aspects of a project and not necessarily be as involved in big picture aspects of the consulting process. Your mileage will of course vary by both office and company.

Where Do You Go from Here?

Management consulting may be a lifelong pursuit for you, or it may be one way for you to gain experience with how different firms succeed given a set of variables, needs and capital. To delve briefly into what options both sides present can be a bit misleading, but we’ll try.

The gist is that with a larger firm, you have access to more resources across more industries than you would in a smaller boutique’s office. That can mean that you could transfer to another satellite office to satisfy your wanderlust, or leverage a network of co-workers to focus on a specific industry if you’re at one of the leading management consulting firms.

On the other hand, a boutique firm will gift you a contact list of some of the top names in a given industry, where you’ll be known more quickly than you might if you’re part of a larger group.

How you pick depends on what your goals are for your career, and what atmosphere suits you best.

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Use Networking to Land a Consulting Job

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Networking

It used to be that the Rolodex was the sign of prestige for an ad agency executive, newspaper reporter and especially a management consultant. The days of the paper-based organizer are over, but not the importance of a list of contacts, no matter your level of experience in the management consulting industry. Read more about networking…

Starting from Scratch

Let’s say you are making a mid-career correction and want to move into management consulting. You could be about to graduate from university. Either way, the number of people you know with jobs in the management consulting industry is likely to be slight, if not zero.

That is not a problem. If you are on LinkedIn or Facebook or any other networking site, do searches for management consulting firms. You’re likely to find that within one or two degrees of separation, there are consultants. If you are still in school, consider asking your career counselor for alumni in the sector.

Making Every Meeting Count

Whether you are making a cold e-mail to someone who is a friend of a friend, or you research local career fairs and meet-ups from top firms, you don’t want to waste your time.

In fact, you should always open with your name, why you’re making the contact and what makes you interested in the field. This should not take more than two sentences, at a maximum.

If you’ve ever worked in a people-oriented position, you may already know this: The best way to get someone to open up is to ask them to give you their expert opinion. Everyone wants to be respected for what they’ve accomplished, and it eases the process.

Freelance?

One interesting strategy that may work for people who have a degree in business management or a related field but do not yet have a full-time consulting job is to consider going freelance during the job search.

Look for start-up firms on your favorite job search engine, as well as on online freelance bidding sites. Offer to use your skills and experience to solve a short-term problem. This will give you a practical case study to use in interviews, a reference or even a possibility of connections to other consultants.

The Bottom Line

Whichever path you decide to take, you should make a point of enriching your list of contacts, proving your experience and leveraging the experience of others are all key parts of the job search. Failing to utilize these resources is as egregious an error as sending a poorly-edited cover letter or resume to the firm where you want to start or continue your career.

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Consulting Job with a State School Degree

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State School

We get this question a lot: “Is it possible to get a consulting job with a state school degree?” The short answer, and to put your mind at ease, is yes. Read more about consulting jobs with state school degrees…

You can get a management consulting job with a degree from any school. What we want to explain is that the process may be different as you go about finding a career.

Differences in Networking Abilities

We’ve written a whole article on networking to get the best management consulting position for your experience and education. If you did not attend an Ivy or top-20 institution in your country, you may feel like you’ve missed the boat.

While top management consulting firms do target upper echelon schools, you can still find your way into the field. Rather than looking for recruitment events at your university, you may instead want to contact the regional offices of firms you’re looking to target.

Ask for local recruiting events, and leave your name and express your interest in the position. You need to get your name out a bit more frequently then you would otherwise.

Colleagues and Professors

Again, you are looking to dig a little deeper into your resources than you might otherwise to find a management consulting position. Ask around your business management and administration departments if you are still in school and ask for times to speak with professors. They may have contacts in the industry no matter what college they work at.

Another example for those looking to transition from another career is to ask friends and relatives. You may also wish to use your college’s alumni association or fraternal organizations for people who may be in the field.

Standing Out in Your Application

Since your diploma may have a school’s name that isn’t immediately recognizable, you’ll want to pay extra attention to your management consulting job application materials. New graduates will want to focus on high-level leadership in extra-curricular or internship applications. Intern prospects will want to do the same thing, as well as focus on coursework in business concepts and other key curricula.

Mid-career switchers and others will need to re-write the resume. Our resume and cover letter guide is a great resource for the phrases and competencies that will make recruiters sit up and take notice. Even if you don’t, you do need to make sure that your resume only includes as much information about a non-business position as relates to management consulting.

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