Why Looks Matter in Management Consulting Interviews

Written by . Posted in Case Interview Prep, Fit Interview Prep

management interview

The management consultant application process is challenging enough without worrying about how your looks might affect your chances at success. Research shows that looks do matter. You might be surprised, though. Read more…

This research finds that a good-looking man has a better shot at getting an interview and being hired while an attractive woman encounters discrimination because of her looks.In the short run, these findings might not mean anything for you in terms of getting a callback based on your CV (in most cases, you may not be submitting a photograph). In the long run, though, you need to keep in mind how you appear to others physically and hone your professional image. It may make a big difference when the hiring decisions are made.

The Psychology of Beauty

A vast body of psychology research exists to support the idea that, in a world where economic value is assigned to beauty, physical attractiveness may provide an edge (or a perceived edge) in the hiring process. As most literature argues for a “positive association between beauty and intelligence”, one would infer that looks are in fact important in even the earliest stages of the job hunt.

Perceptions of Beauty: Surprising Reality

Some research concurs with this point, but not in the way one might first imagine. In “Are Good-Looking People More Employable?”, researchers Ruffle and Shtudiner in Israel conclude that attractive male candidates are favored, while attractive female candidates, counterintuitively, do not fare nearly as well, given the positive traits people associate with physical beauty.

The researchers’ hypotheses were aligned with conventional psychological studies, which consistently show that people rate attractive men and women as being more intelligent, based only on their pictures. It would follow that, as job applicants, attractive men and women alike would receive preferential treatment against average-looking applicants and those who submitted no photographs at all. Sending out 5312 virtually identical CVs to 2656 job openings as part of their experiment, Ruffle and Shtudiner found that attractive men were twice as likely to get a callback for an interview as plain-looking men, attractive women were at a significant disadvantage. Women who submitted no photos received the highest number of callbacks, followed by plain-looking women. Attractive women were the least likely of all the female candidates to receive a callback, regardless of the job type.

Blind to Female Beauty?

With a significant beauty premium attached to males, it would seem logical to intuit that attractive women would be similarly favored. The researchers theorized that, rather than ignoring or being blind to female attractiveness, the first screeners of candidate CVs are almost always women, who, for reasons of jealousy, are threatened by the attractiveness of other females. This theory is strengthened by the concept of “negative signaling”, in which screeners perceive men’s inclusion of photos as “confident” while women including a photo is seen as an attempt to use beauty to get ahead (in cultures, where including a photo is optional).

Looks Are Important but Can Kill

Discrimination based on looks exists in the earliest phases of applicant screening. The attractive and the plain-looking are not equally treated. One might assume, though, given the extensive coverage of beauty trumping intellect and other attributes, that this discrimination would favor the beautiful. In the application phase, however, it appears as though attractive men are the only ones to benefit markedly from their good looks. Women are better off attaching no photograph at all because being attractive can kill women’s job prospects at the application stage. You can, according to other research studies that corroborate the Ruffle and Shtudiner study, be too good looking for your own good.

What Does This Mean for You?

As an applicant for highly competitive management consulting careers, you are not necessarily swimming in the same waters as the general pool of job applicants in the world. That said, there are considerably higher expectations placed on you as a potential management consultant in terms of how you present yourself professionally, and this will include aspects of your physical appearance. This will be more relevant when you reach the interview stage.

It is important, however, to note that physical appearance (not necessarily attractiveness as much as how you present yourself) matters. Not only do you feel more confident when you are professionally put together, you deliver the impression consulting firms want to convey.

To get insight into making the right impression to land your dream job in consulting, download our free PDF guide.

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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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Present Yourself Properly at Your Consulting Interview

Written by . Posted in Fit Interview Prep

interview

During your consulting interview, you might get a quite open-ended question such as “tell us something about yourself”. It is very important that you prepare for this, as you have a chance of creating huge impact in the interview. We’ll give you some ideas in this article. Read more…

If you get an opportunity to present yourself then you need to have prepared – and practiced – a two-minute speech about yourself. A good story line for such a presentation is:

  • Tell about your career plans and ambitions
  • Explain very briefly what your educational background is
  • Tell very briefly about any previous jobs you had or membership of relevant organizations
  • Tell a few keywords about how you are as a person

This structure is very important and has worked very well for us countless of times. You start and end your presentation with personal statements and this is important. Top tier management consulting firms as McKinsey, Bain, Booz and BCG are all looking for people with leadership personalities. They want to know how you are as a person.

In between the personal parts you tell more boring facts such as your education and professional experience. They already know this, as they have (hopefully) read your resume. They don’t care about listening once again about your major. But you have to mention it, to show professionalism.

Our best advice is for you to practice this speech in front of the mirror very well. Talk slowly and confidently. And you should not spend more than 2 minutes. Let the interviewer ask you the questions that he/she has, instead of him/her waiting for you to finish.

Are you going to apply to a consulting firm or going for an interview soon? Take a look at our free guide on how to land a job in management consulting.

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Consulting Firms Have the Toughest Interview Questions

Written by . Posted in Fit Interview Prep

question mark

Ever wondering if consulting firm interview questions are harder compared to the ones in others industries? Glassdoor analyzed employee reviews for a large variety of companies to determine which ones had the toughest interview questions. Consulting firms are on top of the list.

The Top 10

Below is the top 10 companies asking the toughest consulting firm interview questions:

  1. McKinsey & Co.
  2. Jane Street Capital
  3. Cree
  4. Bain & Co.
  5. Boston Consulting Group
  6. Palantir Technologies
  7. Teach for America
  8. A.T. Kearney
  9. Red Ventures
  10. BP

Consulting firms do dominate the list, along with some technology and venture firms. The key reason is that firms have substantial requirements for both the analytical skills, communication skills and leadership skills. This mix makes it necessary to perform very detailed interviews where consulting firm interview questions require a lot of “thinking on the spot”. In addition, the tough questions are also required to select among the huge amount of applicants for consulting firms.

Teach for America is also on the list, which is interesting and showing that other companies and organizations are increasingly using more sophisticated recruitment methods. We will probably see much more of this in the future, as the battle for talent increases.

Read the whole article at The Street.

Are you going to apply to a firm or going for an interview soon? Take a look at our free guide on how to land a job in management consulting. Reading this will help you manage consulting firm interview questions.

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Allocate Enough Time For Your Management Consulting Application

Written by . Posted in Consulting Application

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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Are You Aware Of Your Body Language?

Written by . Posted in Case Interview Prep, Fit Interview Prep

Body Language

Most people are not thinking about their body language in every day life, and most are also aware that it is probably a good idea to think about body language during a consulting interview. Read more to get some ideas…

This is true, except that this is not only a “good idea”, but this should be one of your KEY PRIORITIES during every interview. Bad body language can destroy your chances of landing the job, regardless of how well you solved your case or did your experience interview. The interviewer has to get a picture of a confident, passionate and energetic person. And you can only communicate this through great body language.

A case interview that goes bad can be saved if you communicate confidence, and that you can handle such situations without being nervous and by still being passionate about the job.

Read an interesting article about body language from Businessweek. Also have a look at our free guide on how to prepare for consulting interviews.

Practice Your Math Skills Everywhere

Written by . Posted in Case Interview Prep, Tests

abacus

Sitting in a coffee shop now and just had a discussion with a friend about how people best can utilize their time when preparing for interviews. It hit me just how much we all can actually use our everyday situations to our advantage. Especially a thing like practicing math skills, which is essential for consulting. Read more…

You might think that this is not necessary in a world of spreadsheets and calculators. I have two points about this: firstly, the interview process itself is very demanding about your math skills. Secondly, great math skills are very useful in the day-to-day management consulting job afterwards.

There are many situations where this is true. Even in the most simple meetings, numbers are thrown up in the air: “What would our margin be?”, “How much did the 10% discount cost the client last year?”, or the cliché “What is the quick and dirty estimate of the market?”. At client meetings you might also get questions where math skills will help you a lot.

Estimation Example

Use all situations in your everyday life to your advantage. Take my coffee shop location now. I could try to estimate the daily revenue of this coffee shop. Here are the steps that I would go through.

How many customers do come here during daytime?

There are 20 seats, and it is afternoon now – the busiest part of the day. About 15 seats are taken. I will assume that 10 seats are occupied at any time, and that the average length of visit is 1 hour. So there are 10 seated customers per hour. The coffee shop is open from 8 am to 10 pm – this is 14 hours. So, there are 140 seated customers per day.

Apart from the seated customers, there are also some people buying takeaway coffee as the coffee shop is located close to some office locations. My guess is that there are about twice as many takeaway customers – so 280 per day.

What is the average spend per customer?

The seated customers usually buy coffee (about EUR 3) and some snacks or a cake (about EUR 1). A total of EUR 4. The takeaway customers usually only buy coffee, so lets assume the average revenue for them is EUR 3 per customer.

What is the daily revenue?

  • For seated customers: EUR 4 * 140 customers = EUR 560
  • For take-away customers: EUR 3 * 280 customers = EUR 840
  • Total: EUR 1.400

Other Examples

Here are some other useful situations where you can practice your mental math skills:

  • in grocery stores, try to calculate the total price of all items you put in your basket (including possible discounts!)
  • estimate daily/monthly/annual revenue of different stores, bars, cabs, hairstylists, etc. where you are present
  • when you wait for your food at a restaurant, estimate the total costs of different ingredients

Estimating annual revenue for a cab driver might sound silly – but the process is the same as for estimation cases, and you will quickly get up to speed with your math skills if you push yourself. Ask yourself what you can do NOW to practice your math skills.

Have a look at our guide on How to Land a Job in Management Consulting which has more advice for consulting interview preparations.

How to Get the Management Consulting Internship You Want

Written by . Posted in Consulting Application

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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Top 25 Management Consulting Firms in Europe

Written by . Posted in Consulting Industry

Consulting Firms in Europe

Vault.com recently released its annual consulting survey on top 25 consulting firms in Europe for 2011. The survey was conducted among 2000 European consultants of all levels based on scales, such as prestige, quality of life, overall diversity, selectivity, business outlook and leadership. Read more about the results…

Top 10 European consulting firms in terms of overall performances all scored beyond 6.5 out of 10. Bain & Company European topped the 2011 rank by 8.579. It is also awarded as the best consulting firm to work for in Europe. Bain has long enjoyed fair reputations in quality of life style where it excelled McKinsey and was the major factor it took the crown. Coming after Bain is BCG and Roland Berger Strategy Consultants, respectively scoring 8.390 and 7.596. Before Vault’s ranking, BCG was also on Fortune’s“100 Best Companies to Work For” which focus on, a cooperative culture, extensive training, employee development, progressive benefits, and a commitment to social-responsibility initiatives.

The Top 10 European Consulting Firms Rankings 2011 winners are: Bain & Company, The Boston Consulting Group, Ronald Berger Strategy Consultants, Booz & Company, Oliver Wyman, OC&C Strategy Consultants, Accenture, A.T. Kearney, Monitor Group, PRTM.

Vault.com also made separate list for each scale. For the prestige scale, McKinsey & Company unsurprisingly championed the rank with a score of 8.780 out of 10 and remained as the most prestigious consulting firm for consulting career seekers. Although today’s candidates lay more emphasis on work-life balance, everyone still wants to have big names brought by McKinsey (and of course McKinsey itself) on resumes. BCG, Bain and Booz closely follow McKinsey ranking from the 2nd to the 4th.

Apart from the Big 3 who dominated most of the top positions on Vault’s ranking, it is also important to mention smaller boutique consulting firms who did very well. Candesic, for instance, is a big winner for quality of life scale. Listed on top 25, Candesic took top spots in several fields in term of quality of life. It is considered as the top firm for flexible hours and flexible employment. Its career supervisors are considered extremely amicable, approachable and most helpful for freshmen consultants. It encourages and forms very cooperative and friendly working atmosphere for all employees to grow and develop together. Notably, Candesic employs a phenomenal ratio of women consultants, making male and female employee ratio 1:1.

If you are seeking a career in management consulting yourself, then consider downloading our guide on how to land a job in management consulting. 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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Prepare Your Career at BCG

Written by . Posted in Consulting Industry

Boston Consulting Group

This article is a continuation of the career preparation series which aim at giving a comprehensive knowledge of world’s top management consulting companies. The more you know about these top companies, the less nervous and more confident you will be. Read more in this article…

BCG Overview

BCG, namely, The Boston Consulting Group or, is a top management consulting firm with business presence in 41 countries around the globe. It stayed on Fortune Magazine list “Best Companies to Work For” for 5 consecutive years. BCG is considered as one of the elite management consulting firms and a key player in management strategy industry. It is ranked 2nd in the most recent Fortune list.

BCG was founded by Bruce D. Henderson who graduated from Vanderbilt and Harvard Business School. When BCG was formed, it is a one-man consulting corporation with one-telephone. Henderson scheduled an employee stock ownership plan in 1975, and employees took the company independent from The Boston Company. The process of share buyout was completed in 1979.

Noted Consulting Tools

Over decades, BCG elites have developed numerous models and approaches for business strategy formation and case analysis. Among these tools, Growth Share Matrix and Advantage Matrix perhaps are the most famous ones.

Growth Share Matrix is used to figure out which SBUs (strategic business units) has potential to bring high ROI and which ones need strategic adjustment for better capital allocation. The Matrix summarizes business units as “Stars”, “Cash Cows”, “Question Marks”, and “Dogs”. According to different category, business leaders can allocate different amount of cash to obtain an optimized investment portfolio.

Competitive Advantage Matrix is a new version of Growth Share Matrix. In the 1970s, BCG realized that growth share matrix was very much limited. It failed to take into consideration of a number of factors such as outside financing and business unit intercourse. The Advantage Matrix was then developed, consisting of two dimensions: competitive differentiation and unique competitive advantage.

Interview Process

BCG specific interview processes may vary by location but in general the process is divided into 3 parts: personal background check, case study interview and a Q&A session. There are usually two rounds of case interviews, with three separate interviews in the first round and two additional ones in the second, according to BCG official career guide.

Throughout the interview, BCG aims to find out whether you can fit in the corporation and how you would fit in.

The personal background check is done by experience interview. For instance, BCG might ask you to describe past experience about how and how much you impact in teamwork. Interviewers might also ask you to say something about how you tackle difficulties in tasks to check your problem solving skills. Also you might be queried about why you want to work at BCG etc.

In case study interview, you will be given a case to demonstrate your problem solving ability. Most cases are very much like a real project that requires your unique insight for solutions. You might be doing this interview together with the interviewer. Remember, BCG does not expect you to give an exact answer but a well-grounded solving process because there’s no single best answer to these case studies.

In the last section, you will have the opportunity to ask questions about BCG, i.e. working environment or anything you are interested in. This section shows BCG’s openness and sharing spirit. If you are the one BCG looking for, it would like you to know as much as you want and their interviewer will be more than happy to explain.

If you want more tips on how to prepare for consulting interviews,then download a free guide. ConsultingFact.com offers guides for resumes, cover letters, case interviews, case frameworks, and othermaterial that will help you land a consulting job.

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