What type of consulting does mckinsey do

Search open Consultant positions. Our portfolio includes state-of-the-art research, asset-backed and rapid diagnostics, benchmarking, and workflow support. Analytics We bring the latest analytical techniques plus a deep understanding of industry dynamics and corporate functions to help clients create the most value from data.

Our team of more than analytics experts includes analysts, data scientists, data architects, and advanced-analytics consultants. Search open Analytics positions. Implementation Implementation consultants work with our industry and functional experts, partnering with clients to help them deliver measurable and sustainable improvements in metrics such as productivity, cost, quality, and time to market.

We help strengthen and align leadership, transform processes, optimize management practices and build capabilities. Search open Implementation positions.

Turnaround In Transformation Services, we help clients drive rapid and dramatic performance improvement and support companies facing liquidity issues or insolvency. Our work ranges from acute crisis management to long-term recovery and performance improvement. Search open Turnaround positions.

Digital To help clients accelerate the impact of digital transformation, we work with them to prototype ideas, test them with real customers, and quickly adapt and implement the solution.

Combining data science, human-centered design, and rapid-development techniques, we help clients deliver breakthrough products, experiences, and businesses. Search open Digital positions. Share your experience with the CaseCoach community Please enter valid text. Your name Please enter valid name. Private feedback for the CaseCoach team optional Please enter valid text. Dismiss Submit. You're subscribed! Categories Applications Careers Firms Interview tips.

How to prepare for Financial Services case interviews. Case interviews have been a long-standing feature of the interview process of many financial institutions. This article was written by Wasim Tahir, a former Oliver […].

We are all aware of the tragic toll that the coronavirus is claiming on those with poor health, poor access to healthcare, an unsteady income, […]. Oliver Wyman is a leading management consulting firm with offices in 60 cities across nearly 30 countries and employing over 5, people. The exact materials to be provided should be listed in the SOW.

It may include a PowerPoint deck, spreadsheet, model, etc. The final deliverable will be reviewed with the client, who will then sign-off on the completion of the project. Example: After revising their analysis and getting additional feedback from Walmart stakeholders, the consulting team now has a polished set of recommendations. A final review is done with the full consulting team, and Walmart's decision makers. They are satisfied with the analysis, and excited about the recommendations.

After the review, the final documents are delivered, and Walmart gives their final sign-off on the project. Along with the day-to-day work, consulting comes with a unique lifestyle that you won't find in a typical corporate job. Consultants travel frequently, and a typical schedule is to fly out on Monday morning, fly home on Thursday night, and work from the home office on Friday.

The exact schedule varies based on the consulting firm and the client. A benefit of the travel, is getting to see new places on the company's dime. Plus, you can really bring in the loyalty program points airlines, hotels, etc. If you find yourself in a room full of consultants, then frequent flyer status and rewards points is always an easy conversation topic. Another benefit are the sponsored paid for by the company dinners and events, which can be pretty spectacular for some consultancies.

If you're in consulting long enough, you'll eat some of the best food you've ever had, for free. As with anything, it's not all free meals, and travel bliss.

Consulting has a reputation for long-hours, and a demanding work environment. Plus, being on the road can make it difficult to manage relationships and activities at home. To thrive as a consultant, it's important to be adaptable.

You'll run into delayed flights, demanding clients, and difficult problems. But, if you respond well to the challenges, consulting can be an exciting career. Not to mention the exceptional exit opportunities and generous pay. Broadly speaking, consulting projects can be categorized into 2 different groups: advisory and implementation projects.

For most people, when they think about consulting, they're probably thinking about advisory consulting. In this type of engagement, a consulting firm would be hired to advise their client on firm strategy, give recommendations based on market conditions, provide specialized expertise in specific industries, etc. An implementation project can be an add-on to an advisory project. For example, after analyzing customer data, Deloitte may recommend the launch of a customer-facing iPhone app to increase the frequency of customer visits.

If the client company doesn't have an internal team of app developers, they may hire a team of technology consultants from Deloitte's technology branch, to complete the work. Implementation projects can also arise independent of previous advisory projects. A firm may set their strategy, and then bring in a consultancy to execute it. In simple terms, an advisory project is where a consultancy informs strategy, and an implementation project is where a consultancy executes strategy.

If the world of consulting sounds like your kind of environment, then you're in the right place. The interview and application process for consulting jobs is extremely rigorous, but fear not! We've helped over 30, candidates navigate the application and interview process for firms like McKinsey, BCG, Accenture, Deloitte, etc.

Crack the Interviews Practise case and behavioural questions 1-on-1 with ex-interviewers. Let's start by looking at an actual verbatim statement from one the preeminent management consulting firms, McKinsey, about what they do. Read it and then we'll break it down and analyze it.

For every engagement, we assemble a team with the most appropriate experience and expertise. In this process, we're already beginning to think like a consultant by breaking down a problem into smaller, more manageable components!

Two questions immediately jump out: First, who are the clients? Second, what challenges do the clients need help with? Who are the clients? The clients are often leading businesses e. While each consulting firm will have a different client base and sometimes different sector focus , the primary customers of many consulting firms come from the first category: leading businesses.

We'll revisit this more below. What are the client challenges? Given that leading businesses are the primary customers of consulting firms, you might immediately ask: why do leading businesses, who likely can likely hire the world's best talent, need to hire expensive consultants to help them with their problems?

While there are edge cases, there are three core reasons that drive the bulk of the consulting business. For more detail, read on below or listen to me walk through the three core reasons companies hire firms like McKinsey, BCG and Bain. The leading consulting firms have built up critical expertise in key areas.