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All About Consulting - Handbook PDF
All About Consulting - Handbook PDF
All About Consulting - Handbook PDF
HANDBOOK
ALL ABOUT CONSULTING
THE WEBINAR SERIES
ALL ABOUT CONSULTING
“8 SUCCESSFUL WEBINARS”
APRIL-JUNE 2020-21
WEBINARS FAST FACTS
800 + 600 + 8+
MINUTES PARTICIPATION INDUSTRY EXPERT
Of streaming/training from schools, colleges and corporate Speaker from different fields
world
topics discussed including consultancy, scope, types of consulting, how to apply for a consultant’s
40+ job, resume workshop, case and HR interview guide.
80+ net promoter score from the feedback collected from participants.
DETAILED SPECIFICATION OF
REQUIREMENT 2
IDENTIFY MANDATORY AND
The consultant should be aware NON-MANDATORY
about requirement of client , REQUIREMENTS
1 3 It involves that Consult should be
problem statement, and assessing
organizational performance. able to identify and work upon the
mandatory and non-mandatory
4 requirements of any clients.
ENDORSED BY KEY
STAKEHOLDER
To make sure that specifications GOALS OF THE AGREEMENT
are endorsed by key stakeholders. It involves that Consultant should
be aware about the goal or
180 DEGREES CONSULTING objective of an agreement with7
client.
SCOPE IN CAREER
The need for relevant industry
insights and the dynamic trends In both private and public
The problem-solving compels the businesses to sectors, the demand for
abilities, high-level build in-house management expert assistance in
aptitude, and great consulting teams for strategic streamlining business,
business management advice on projects and reducing costs, and
acumen are the topmost solutions on further business increasing ROI in a
requirements and hence expansion and growth. dynamic market is
a career in management 1 3 5 increasing.
consulting promises
overall development.
The role of a 2 4
management consultant Consulting is an attractive
is an integral denominator career choice as it comes
for the rapid growth and with adequate scope for
success of an personal development
organization. and good salary
packages.
BUSINESS CONSULTING
It analyze business practices and then recommend
180 DEGREES CONSULTING improvements. It analyze weakness, strengths and practices of a 9
business.
CAREERS IN MANAGEMENT CONSULTING
STRATEGY CONSULTING
It requires depth understanding of market and data analysis. It is the
1 uppermost level of decision making that drives a business.
OPERATIONS CONSULTING
JOBS AVAILABLE It involves process management, procurement, outsourcing and supply
IN CONSULTING
2 chain management
SECTOR UNDER
MANAGEMENT
CONSULTING FINANCIAL ADVISORY CONSULTING
3 It involves activities related to Risk management, Corporate finance, Real
estate and Transaction services.
• Large management consultancy firms have formal graduate recruitment programmes with closing
dates usually in November and December, but some can be as early as October. Smaller, niche firms,
may recruit year-round. Deadlines for summer internships may be slightly later than for the graduate
programme. It is always important to check with each firm as late applicants are rarely considered.
• The application process tends to be rigorous and very structured. Application forms are very common,
and the majority are online. Sometimes a CV can be attached as part of an overall application so you
will need to have one up-to-date. Smaller firms may only require a CV and cover letter as the first
stage.
• Competition for entry is always intense, and consulting firms are known to only consider the very best
candidates, so your application must be of an extremely high standard. Apply early and do plenty of
research.
• Sometimes the basic eligibility criteria for some organizations might include CGPA. The minimum
requirement is generally 6.5/7 out of 10 CGPA.
Strategy consultants
These firms offer strategic advice to companies on a project-by-project basis e.g. new market entry, long-term planning and
rationalisation of goods and services. Employees at such firms take up projects from different clients for different time
periods.
Financial consultants
Consultants offer specialist advice relating to monetary and financial needs including the installation of budgetary control
systems, profit planning and capital and revenue budgeting.
• Team work
• Academic success
• Good Communication and Presentational
• Prior work experience
Skills
• Leadership qualities
• Creativity and Innovative ideas
• Awareness and interest in the field
• Analytical skills
• Time management
• Ability to cope with pressure and challenges
1. Aptitude Tests
2. Case Study Test
3. Skills Tests
4. Guesstimates
• Guesstimate cases are also used as a • Skills tests represent a way for employers to eva
way to test quantitative ability, numerical luate how quickly you can learn a new skill to co
thinking and judgment, and an to arrive at mpetently carry out the job you are applying for
reasonable assumptions.
• Both capability and skills tests are assessed
• Guesstimate cases are generally used as through paper-based exercises consisting of
part of a first-round interview to warm a multiple-choice questions completed under
candidate up for a full Business Situation exam conditions.
Case later in the interview process.
https://www.non-engineer.com/post/resources-used-by-
iims-for-consulting-case-preparation
180 DEGREES CONSULTING 26
INTERVIEW
PROCESS
INTERVIEW PROCESS
First 15-30 minutes: Fit Interview,
assessing your motivation to be a consultant
in that specific firm and your leadership and
teamwork traits.
2 Interviewer will ask you to identify the areas you would look at to solve the problem
- this is the framework question.
3 You will then be asked to solve one or more quantitative questions, and afterwards you will
be expected to outline some initial conclusions.
4 In addition, at some point during your interview, you will be asked a creativity question.
These are usually open-ended questions such as “what other areas should the company
explore to increase its online sales?”.
5 Then there will be case interview round in which more than one case can be given to
solve and draw conclusions.
6 Finally, at the end of the case, your interviewer will ask you to make an overall
recommendation for the company based on the analysis you have just carried out.
TIPS TO KEEP IN
MIND AT THE TIME OF
INTERVIEW
Do’s Don'ts
Listen to the interviewer Don’t rush into the
carefully and ask analysis without
questions developing an
understanding of the
problem
Focus on high-impact
issues
1. LinkedIn
2. Glassdoor
3. CareerBuilder
4. Naukri.com
5. Dice
6. Indeed
7. Monster
8. Google For Jobs
9. UpWork
LinkedIn, the largest professional network, looks Glassdoor provides a unique feature where its
to connect professionals globally to make the known for its anonymous company reviews,
network more productive and efficient. This making it especially popular for allowing a real
works particularly well for passive job searchers feedback mechanism. Individuals get to learn
who can build up a profile over the years and about aspects such as working conditions and
always be ready to start searching for salaries in various companies before starting
opportunities, not having to start afresh amidst a their application process.
sudden need.
• Before you can start, you need to create accounts on most online job search platforms such as LinkedIn, Naukri,
Dice etc. Only a few will allow search engines without a preexisting account, hence that is the first step for this
process.
• CV and cover letter is a must! While these should be curtailed for different jobs for different applications, an overall
CV is a must to upload on profiles on platforms.
• A sample CV is also extremely helpful which can be found online; this will help gauge specific details or
requirements that certain employers require.
• Applications should often cover key words that employers search or scan for while going through hundreds of
applications. Hence, words like job title, status, the industry and what you want to recruited for are a must.
• Preparing for online tests and interviews is a must! While certain questions are the norm, preparing for questions
targeting job requirements is also necessary to showcase you have the skills required.
Roles Offered for Team Assistant Junior Analyst Business Analyst Business Analyst
Freshers in some IITA
Salary 4-6 Lakhs p/a 4-6 Lakhs p/a 10-12 Lakhs p/a 15-17 Lakhs p/a
Selection Procedure First Round: Telephonic interview with a recruiter and a mini case study
conducted over the phone.
Second Round: A formal in person application process which has two parts- a
case exercise and personal interview.
Eligibility Criteria Bachelor's degree and excellent academic record required; advanced graduate
degree (e.g., MBA, PhD, etc.) typically preferred. Outstanding records of
academic and managerial or professional achievement. Exceptional analytical
and quantitative problem-solving skills
Company Name: BOSTON CONSULTING GROUP
About BCG is one of the three biggest employers in management consulting.
BCG typically hires for an associate or a consultant position, recruiting
from top undergraduate colleges and business schools.
Eligibility Criteria Excellent academic credentials, the curiosity to ask the right questions,
the courage and creativity to blaze new paths, the ability to collaborate
with colleagues and clients, and the leadership skills to transform your
ideas into action.
Company Name: BAIN & COMPANY
About Bain & Company is an American management consultancy headquartered in
Boston, Massachusetts. The firm provides advice to public, private, and non-
profit organizations.
Roles Offered for Analyst in Bain Capability Centre Associate Consultant in Bain and
freshers Company
Eligibility Criteria You are Eligible to apply at Bain and company if you have required Resume/CV,
Educational background information, Work experience and Relevant test
scores.
COMPANIES OTHER THAN THE BIG THREE
1. ACCENTURE
2. KPMG Advisory
3. STRATEGY & (Booz and Company)
4. DELOITTE CONSULTING
5. PwC Consulting
6. ARTHUR D. LITTLE
Eligibility Criteria 1. A candidate must have more than 60% marks in 10th and 12th (or diploma).
2. A candidate must have a minimum of 60% marks in graduation.
3. A maximum gap of 1 year is permissible after HSC(12th) and not after
SSC(10th) or in between semesters of graduation.
Company Name: KPMG Advisory
About KPMG is a professional service company and one of the Big Four auditors, along
with Deloitte, EY and PwC. Seated in Amsterdam, the Netherlands, KPMG employs
189,000 people and has three lines of services: audit, tax, and advisory.
Roles Offered for Analyst Analyst (in engineering colleges)
freshers
Salary 5-7 Lakhs p/a 8-10 Lakhs p/a
Eligibility Criteria The candidate should have attained 60% or more in his/her B.tech. The candidate
should have attained 60% or more in both class 10th and 12thThe candidate should
have completed his/her engineering from one of the following branches: CSE, IT,
CSE(Bioinformatics), ECE, EE, EI, Mechanical
Annual Packages Approximately ₹11,00,319
Company Name: Strategy& (Booz & Company)
About Strategy& is the strategy consulting business unit of PricewaterhouseCoopers (PwC),
one of the Big Four professional service firms. Founded by Edwin G. Booz as Business
Research Service in Chicago in 1914.
Eligibility Criteria 1. A candidate must have more than 60% marks in 10th and 12th (or diploma).
2. A candidate must have a minimum of 60% marks in graduation.
3. A maximum gap of 1 year is permissible after HSC(12th) and not after SSC(10th) or
in between semesters of graduation.
Company Name: DELOITTE CONSULTING
About Though the company’s original expertise is in accounting, Deloitte Consulting has
made a big name for itself in the consulting world. Deloitte enjoys #1 market share in
terms of revenue, generating roughly $13.4 billion on an annual basis. The firm is
consistently ranked as the fourth most prestigious consulting firm and has more than
286,000 professionals worldwide.
Roles Offered for Analyst Analyst (in engineering College)
freshers
Salary 5-7 Lakhs p/a 8-10 Lakhs p/a
Selection 1. Two rounds of Technical Interview
Procedure 2. Versant Test(English Proficiency)
3. Managerial Interview
4. HR Interview
Eligibility Criteria 1. If a candidate has attended an interview within the past 6 months from the date of
new application, then he/ she is ineligible to apply.
2. If a candidate has been rejected by Deloitte in an interview, then the candidate is
ineligible to apply again for a period of 6 months after the interview.
3. If for some reason Deloitte has terminated the candidate's application, then the
candidate is ineligible to apply.
Company Name: PwC Consulting
About PricewaterhouseCoopers is a multinational professional services network
headquartered in London, United Kingdom. It is the second largest professional
services firm in the world, and is one of the Big Four auditors, along with Deloitte, EY
and KPMG.
Eligibility Criteria 1. •Must not apply within 6 months after one rejection
2. •Multiple Shifts working flexibility.
3. •Should possess excellent communication skills.
Company Name: ARTHUR D. LITTLE
About Arthur D. Little is an international management consulting firm originally
headquartered in Boston, Massachusetts, United States, and formally incorporated by
that name in 1909 by Arthur Dehon Little, an MIT chemist who had discovered
acetate
Roles Offered Consultant, Associate ,Business Analyst ,Manager
Selection 1.Online Aptitude Written Test.
Procedure 2.Technical Round.
3.HR Interview.
Eligibility Criteria 1. Require a strong university degree result in a numerate discipline, and consistent
achievement in earlier public examinations.
2. You may hold an advanced degree or an MBA.
3. You are fluent in English and at least one of the local languages, additional
language skills are desirable.
4. Past internships and/or other work experience are desirable.
• A CANDIDATE MAY WIN AN IMPECCABLE STIPEND EVEN IN COMPANIES OTHER THAN THE
BIG THREE.
• THE BIG THREE ARE ALREADY ESTABLISHED COMPANIES WHILE OTHERS HAVE TO STRIVE
HARD TO SURVIVE.IT FOSTERS A COMPETITIVE SPIRIT AMONGST THE EMPLOYEES. THEY
ARE IN CONSTANT LOOKOUT FOR NEW CHALLENGES AND PROJECTS.
• IN THE END, IT ALL DEPENDS ON THE DILIGENCY AND SINCERITY OF THE CANDIDATE.
WORKING IN OTHER GOOD COMPANIES WHICH PROVIDE GOOD WORKING
180 DEGREES CONSULTING 51
ENVIRONMENT,STIPEND AND INCENTIVES CAN LEAD HIM/HER TO SUCCESS.
Resources to prepare for Case Interviews
1. Case In point
2. Case Interviews Cracked
3. Case Interview Secrets
4. IIM A Casebook
5. HBS Casebook
Any two books paired with videos by Victor Cheng should be sufficient
4, Patel Marg, Daulat Ram College, Maurice Nagar, Roop Nagar, Delhi-110007 facebook.com/180degreesconsultingdrc
daulatramcollege@180dc.org