"I was working on 25th December yet it was my favorite project at BCG"
“I will always bleed green as a BCG Alum”
If you want to know the insider life of a BCG Consultant, this video is a must watch for you.
In this video, I share staffing, chill, sabbatical to an entire project case handling as a BCG Consultant, and what my day looked like.
--
🚩To get into management consulting, check out the Global Governance Initiative Impact Fellowship here- www.globalgovernanceinitiativ...
#bcg #consulting #mbadegree #masterofbusinessadministration #mbafees #mbadegreesonline #onlinemba #bestbusinessschools #mbacolleges #mbafinance #mba2022 #mbacollegesinindia #mbaprogram
#mbacourseslist #topmbacolleges #mbageneralmanagement #mckinseyandcompanycareers #mbamanagement #howtogetintomanagementconsulting #mbastudy #mbacourses #interviewtips #bestmbaprograms #bcgcareers #onlinembaprograms #productmanagementroles #shatakshisharma #shatakshisharmaggi
-----
Like, Share, Subscribe for more!
🚩 Click here to subscribe to my KZfaq channel: / @shatakshi.sharma
🚩LinkedIn: / shatakshi-sharma-410
🚩Twitter: / shasharma_ggi
----
Shatakshi is Co-CEO of 🚩Global Governance Initiative (MBA program recently featured by Poets & Quants), an Ex- 🚩Boston Consulting Group, BCG, management consultant, a 🚩writer, and former public policy advisor in 🚩Tony Blair Institute for the Middle East region.
She has been also felicitated with The Most Promising Women Leader 2021 award by ET and 🚩Linkedin Top Voice 2021. Her interviews have been published in leading policy and career organizations- Modern Diplomacy, BCG, Poets & Quants, Your Story.
She will be uploading daily content on 🚩career advancement (MBA, consulting) 🚩personal finance, and 🚩productivity hacks. Be sure to subscribe to the channel to get notified whenever she uploads the video.
***
• Life As A Consultant A...
• Week in the Life of a ...
It is a well-known fact that management consultants work really long hours.
So have you ever wondered what does a day in the life of a consultant look like? What kind of stress busters and vacations do we take after a 15-hour work day?
I, as a former BCG consultant, will share my insights with this career insights. I will be taking into account my consulting experience of working with an IT client to give you an overview of what an entire project looks like. Walking with me will help you gain a realistic perspective on consulting.
As always, this career insight covers 4 aspects- staffing, work, sabbatical and free time.
So, How are consultants staffed?
Starting on a bright note, there is an extremely transparent staffing culture at BCG. There are 3 types of projects that you can select from - high, medium and low priority. Based on your prioritization, you would be typically staffed in either a high or a medium priority choice. For your first project at BCG, your resumé is used to staff you.
What do consultants do on a case?
The first week on a consulting project generally goes in allocation of work for each consultant. This particular project was a classic strategy case involving a cost reduction problem. Here, we were a team of 3 consultants, 1 project manager and 2 partners.
Coming to the problem solving- you begin by looking at the ledgers and figure out the top 3 areas where the client is incurring costs. These areas were equally divided among the consultants. For instance- I was dealing with the logistics cost and my teammate was looking over the software costs.
After this, the second week was spent building hypotheses and issue trees. This accounts for the most crucial time where you look at the bigger picture and try to solve the problem. Essentially week 2 is all about thinking. Post these initial steps you align with the partner over your progress. In my particular case, we found out that the client was incurring a lot of real estate costs.
Stepping into week 3- it involvescollecting data through different methods like research and getting on expert calls. Here you align with your project manager every day on you hypothesis, action plan. You go over the categories and sub-categories of your share of the cost bucket. This process involves going over the various hypotheses you have and how you would be subsequently proving or disproving them.
It is a very liberal and non-micro-managing culture at BCG set forth by the managers. The idea is simply to have the same thought process and gain extra input from their substantial experience. To sum it up, you begin by building context and move on to building PPTs and refining hypotheses. You start estimating potential savings as you come closer to answers.
Sabbaticals