Careers in Management Consulting VANDERBILT ADVANCED DEGREE CONSULTING

Careers in Management Consulting VANDERBILT ADVANCED DEGREE CONSULTING CLUB MOHSIN RAHIM| CO-PRESIDENT SHWETHA SIMHAN | CO-PRESIDENT 1 -23 -2019

Sign up Sheet Name Email Program (Ph. D/MD/JD/Post Doc etc) You’ll get an email from vuadcc@groups. io tonight

What is Management consulting? Management consulting, more specifically, business strategy consulting—is is an independent professional advisory service assisting managers and organizations to achieve organizational purposes and objectives by solving management and business problems, identifying and seizing new opportunities, enhancing learning, and implementing changes Management Consultant can be defined as being a problem solver for some of the more complex business and organization structures out there and someone who works on a broad range of projects—potentially industry focused

Post PHD consulting careers Consulting utilizes lot of skills you acquire doing a PHDGathering data for a specific project, breaking down the goal into specific aims and outlining the most efficient way to reach the goal, creating innovative solutions for problems Work closely with industry leaders- implement speedy, positive change in company and community, can work worldwide, dynamic and fast paced lifestyle Versatile careers after consulting. Sheryl Sandberg (COO of Facebook, Mc. Kinsey) Sundar Pichai (CEO of Google, Mc. Kinsey) John Legend (Artist, BCG) Bob Kagle (Director of e. Bay, BCG)

Consulting firms The ‘Big Three’ of consulting firms. World's three largest strategy consulting firms by revenue.

Mc. Kinsey & Company Firm Overview • “Mc. Kinsey & Company is a global management consulting firm. We are the trusted advisor to the world's leading businesses, governments, and institutions. ” Serves two thirds of Fortune 1000, largest Career Hierarchy in terms of revenue ~ 10 Billion/yr Partner Associate Principal What they look for • Mc. Kinsey looks for five aspects in its candidates. All areas are tested in the interview process; the case interview will test problem solving and the other skills will be tested through the experience interview. They are Personal Impact, Entrepreneurial Drive, Problem-Solving Skills, Achievement and Leadership Abilities Interview process • First round (on-grounds): 2 interviews, each with 1 case and 1 experience question • Second round (in-office): Generally 3 interviews, each with 1 case and 1 experience question • First rounds normally conducted by EMs; second rounds b y APs/Partners Engagement Manager Associate (Post-MBA/Ph. D/JD/MD) Business Analyst (Masters/Bachelors)

Boston Consulting Group Firm Overview • “Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. ” What they look for • BCG looks for intellectually curious candidates that are looking to grow with the firm and are open to new challenges. Fit with the firm’s culture is important, so it is good to start developing relationships with BCGers early on in the process. There is no set professional background or profile that BCG is looking for in prospective Consultants Interview Process • First round is at closest local office (two cases) • Second round (two cases) is in the office you are interviewing for; international offices do second round in the US • All cases likely to have quantitative component, especially first round • The second round weighs “fit” with the office/firm more heavily than the first Career Hierarchy Partner Principal Project Leader Consultant (Post-MBA/Ph. D/JD/MD) Associate (Masters/Bachelors)

Bain & Company Firm Overview • “Bain & Company is the management consulting firm the world's business leaders come to when they want enduring results. Together, we find value across boundaries, develop insights to act on, and energize teams to sustain success. We're passionate about always doing the right thing for our clients, our people and our communities, even if it isn't easy. ” What they look for • Generalist practice – no specializations • Strong emphasis on cultural fit • Want to see a balance of quantitative ability and qualitative strengths • “Answer first” structure to responses • Focus on driving results for the client (originated “fees at risk” model) Interview Process • First round is at local office (two cases, with behavioral questions at the start) • Second round is in the office you are interviewing for; either: • 1 typical case, 1 written case, 1 behavioral interview • 2 typical cases, 1 written case Career Hierarchy Partner Principal Manager Consultant/Case Team Leader (Post-MBA/Ph. D/JD/MD) Associate Consultant (Masters/Bachelors)

Consulting firms Other firms: Deloitte Consulting - Deloitte & Touche Parthenon - Ernst & Young L. E. K. Consulting A. T. Kearny KPMG Strategy& - Price. Waterhouse Coopers Putnam Consulting Mercer

VUADCC mission The Vanderbilt Advanced Degree Consulting Club (VUADCC) is dedicated to creating a community of talented and passionate individuals that are interested in pursuing consulting as a career. Our goal is to promote student awareness of the consulting industry and provide training and networking opportunities to those that wish to become consultants.

The Case Interview – Improving Schools

Improving Schools – Question 2

Improving Schools – Question 2 Exhibit 1

Improving Schools – Question 2

Resources for interview prep Websites: Managementconsulted. com IGot. An. Offer. com Case Resources: Practice cases on company websites Case books on VUADCC blog Preparation Books Case In Point - Marc Cosentino Case Interview Secrets – Victor Cheng

Upcoming events Global health case competition at Vanderbilt (Feb 16 th) 2019 Duke/UNC National Case Competition (April 18 th) BCG interview chat (TBD) Coffee and Case chats (TBD) Open positions - Treasurer, Vice President