You don't need to have a technical background for strategy consulting, but you might need to get into a top MBA program so that you can improve your recruiting chances for consulting firms.

Thank you! 🙏

Thanks Michael! I'm flattered to be compared to Sam Ovens. Shoot me a note at the email in my bio and we can find a time to chat.

60 min!

Hey Sameer! So glad you are finding these helpful

Thanks!

Couldn’t have said it better myself!

Any time

I appreciate that! Thanks for dropping by

Glad to hear that!

Soon! ☺️

thank you sir!

Im telling this for the candidates

haha indeed you are cooked if you cannot answer the quant portion correctly

will add it to my upcoming video ideas

Hey Virat! So glad to hear you're finding these valuable

It’s a bit hard for me to answer without specific examples but I think many strategy frameworks can work for business ops cases

Hey Josh! Thanks for the kind words - I appreciate you stopping by!

Glad to hear you are finding them useful!

Hey David! Love to hear it - stay tuned for more to come

It definitely can't hurt to ask clarifying questions even if it is a group interview. That said, I'm not sure why you would be having a group interview for a consulting role - is this for Bain?

@@matthuang21 I am applying for masters in international management

Hey Austin! Glad you related to this one - it was from the heart. I wholeheartedly agree that there is a large audience out there for this kind of content. I'm still balancing high value niche content vs more mainstream videos that appeal to a larger audience - there are lots of pros / cons for making each type of video. For instance I've noticed that niche videos tend to have a higher sub to view ratio and a higher CPM per video, whereas more wider topics appeal to a much wider audience and get more views but have lower sub:view ratio and lower CPM. That said, I will definitely be coming out with more philosophical / reflective content in the future - stay tuned!

@@matthuang21 makes a lot of sense. Keep doing what you’re doing and I hope you are able to pursue whatever it is you are willing to suffer for most 👍🏼 Your videos are much appreciated!

Haha indeed - thank you sir

Hey Xenofon, great Q! You are correct that the 12.5% market share had a profit of $2/bottle baked in already, and so we know the 12.5% market share is what is needed to break even IF profit margin stays constant. An observant interviewer (or a smart person like yourself) may have pointed this out, and so as an interviewee I would respond by saying that if we lowered our prices we would either need to (1) figure out a way to also lower our unit costs so we could maintain our $2/bottle profit margin, or (2) recalculate a new market share % needed to breakeven, which would be higher than 12.5% if we lowered price. It quickly becomes a game of pros / cons. Price cutting is one of the fastest methods to quickly capture share (look up "loss leader pricing"), and so it's still a valid option to think about - that said, if management's goal is to preserve profitability at all costs, then it makes sense to prioritize the other ideas (e.g., sales / marketing campaigns) first.

check out the many consulting case books out there online from MBA programs - if you google "wharton consulting casebook" a good example will show up

Hey Rudrakshya! So glad to hear it - I'll add this suggestion to my running list of future videos.

Excellent Q. While there's definitely a bigger focus now on AI transformation projects and all the big consulting firms are participating in this trend, I personally think there will always be a place for the "strategic" side of consulting. At the end of the day strategy is all about decision making and making trade offs, and companies still need to make decisions about AI that are "strategic" in nature (e.g., "how should we use AI and in which part of our business? How should we weigh the risks and benefits of implementing AI into our company?"). Once they've decided how to best use AI in their business, then the transformational piece comes into play. Strategy and implementation/transformation projects are kind of dependent on each other in a way. Without the right strategy, implementation goes wrong or leads to a bad result. But without implementation/transformation, a strategy is just an idea and nothing more.

Whiteboarders unite! 🤝

Glad to hear that!

No they don’t make money doing this. The make money spending 10-12 hours a day doing desk research on databases, public sources, primary interviews with field experts, interviews with client’s teams from C-level to operations, on site visit to understand how they work, lots of hours of competitive intelligence, and finally a shit ton of hours doing ppt slides, and sometimes extremely complex Excel models that as you can expect require shit ton of time. Than wrap up everything and prepare to present to the C-level of the client, and be destroyed on each single assumption and data point, during a 2-3 hour meeting. Usually this all thing is done while they work on multiple projects at the same time, sleep deprived, and eating terrible food at the desk.

@@ChickBilly hahahah this is hilarious 😂 well i guess they're good at finding research paper from emerald and good in operating eikon tho 🤷‍♂️

Anytime, thanks for dropping by today!

Hey Kush! Glad you learned a lot. Feel free to ask here or drop me an email (make sure to follow up if I don’t respond) with your Qs and I’ll get back as soon as I can!

Thanks man! Only getting started

Thank you sir! Lookin like an absolute G in your profile pic

Dw I don’t plan to stop anytime soon, I enjoy teaching too much to stop 😂

Thank you for dropping by!

This man knows what’s up…indeed will be trying to pump more of these out for you guys

Love to hear it!

Glad it helped!

@@matthuang21 you’re awesome. I’m a subscriber now :)