BCG and Bain Pymetrics: Full 2024 Guide with Practice Test

At MyConsultingCoach, our goal is simple: to teach you how to think like a consultant. In this article, we’ll guide you through the key stages of consulting preparation and show you the resources MyConsultingCoach provides at each step to help you succeed. Whether you’re just starting or deep into your prep, we’re here to support you all the way.

This article will help you critically assess whether consulting is truly the right fit for you. We’ll guide you in estimating the utility of careers across different sectors by providing a scoring system to quantify your priorities, along with real-life examples to illustrate the decision-making process. In theory I should try to sell you the dream so you work with us and purchase some package but I won't do it (just for today).

Case in Point is the single main resource which aspiring consultants turn to - almost all candidates flick through it at some point during their preparation.Many particularly diligent applicants will read and re-read this book, memorising the  Ivy Case System's 12 frameworks. The belief is that these will be the candidates' key to open the doors to consulting. Unfortunately, the fact is that, despite pouring in endless hours of hard work, many of these candidates will face swift rejection at int...

Management consulting is probably the single most targeted job for MBAs and there is a common assumption that an MBA will be a pre-requisite for many consulting roles. However, the truth is that an MBA is neither necessary nor sufficient to transition to consulting . There are some real advantages to having an MBA. However, we will see that these are typically overstated and need to be balanced against some very formidable costs.

Achieving your goals and establishing your profession as a management consultant represent a rewarding achievement. However, there arrives a time that many consultants choose to move on to other opportunities. For whatever reasons, the choice to leave behind your established career, there are a number of potential opportunities for them. We have collected some information on exit opportunities for consultants to provide you an idea of the where what and how after consulting.

Management Consulting is concerned with helping businesses grow and improving their performance through solving problems that companies might have on their way to achieving their business aspirations.Consulting covers all areas of business, be that IT, Finance, HR, R&D and Marketing. Top consulting firms like McKinsey, KPMG and Ernst & Young have thousands of employees and departments that specialize in each of these areas. Whereas small consulting practices may offer services in...

In the consulting world, the Pareto principle is not a business rule but rather a mantra. You could hear things like “We have no time to boil the ocean. I think we should apply the 80-20 rule”.

You get through your case, coming up with a good answer within the allotted time and you deliver fluid, confident responses to all the fit questions you are asked.And then you don't get the job. Why? Because you dressed wrong!

Ask any good consultant or public speaker about the rule of three and their eyes will light up - How can you master this powerful tool?

This is a question that seems to come up quite often and is a crucial one for potential applicants. However, it is also a question which we have seen answered very incompletely or just plain inaccurately. Here, we have leveraged our industry contacts as well as trawling through the whole gamut of online resources to present the single best resource online to give you the low-down on how PwC and Strategy& really differ.Let's dive straight in!

An internship can represent an extremely valuable way for a student to give not only improves their experience but also improves their resume. It is a valuable experience and can be the core foundation of your career path. There are a number of benefits for college students or recent graduates to participating in an internship in the consulting field. It not only provides you the chance to experience your career path from a true perspective but also arms you with knowledge and the power of confi...

Congratulations! Your hard work and perseverance has paid off and getting offers from more than one MBB, which is an impressive achievement. Right now you will be taking an extremely significant step and choosing the offer best suited for you. There are a number of factors to take into consideration, and we are hoping to provide you with some guidance to assist you in making your decision. You worked hard to get here. It took planning, practice and much effort. Taking the time to research, compa...

The one thing that you need to remember is that interviews will differ from one consulting company to the next. In some instances there will be clear, vast differences, in others there are only small variations that can be noted. The fact is that each company has their own visions, values, and approach to the interviewing process. The most practical advice to anyone preparing for interviews with various companies is to structure your approach to solving the case, rather than focus in on one spec...

Consulting brain teasers are well known. However, their actual use in interviews has been decreasing. Whilst previously brain teasers were used to assess how candidates performed challenging tasks under pressure, full case interviews are now generally preferred for this purpose.That said, you should still know what brain teasers are, as you could still be asked to solve them in interview. Indeed, whether they come up in interview or not, they can still be a useful component of your prep. In part...

We all know the big name consultancies, but which of those manage to make it into the top ten best management consulting firms, and why are they at the top?The global consulting market is currently approaching an estimated worth around $155 billion and the ten largest consulting firms retain a firm hold on the majority of market activity. So, whilst household names such as McKinsey and the BCG are what everyone dreams of having on their CV any of these ten would be amazing to work at.

The question of how to join an MBB consultancy as an experienced professional from another industry is one that we are asked time and time again. Now, there are a lot of variables in play - which industry you are coming from and which particular role in which specific office you are moving to - which can make for unique experiences. However, I believe that my own experience as a professional hire going into BCG is fairly representative of what you can expect.

McKinsey & Company, The Boston Consulting Group, and Bain and Company - known collectively as MBB or the “big three” - are the most prestigious and influential strategy consultancies. Ask anyone trying to break into consulting and you likely won’t find a single individual whose top preference isn’t one of these three firms.There is no denying these companies are similar – the kind of clients they work with, the kind of work they do and the salaries and working lives of their employees...

AtMyConsultingCoachwe often emphasise the importance of avoiding relying on frameworks. And we are writing an article on the father of them all: Porter’s Five Forces! The reason why we would like to go over this topic is that even though the methodology is quite outdated and never used in consulting, it is useful for a consultant to know it as it can sometimes serve as a tool for more complex analyses.What are the five forces?Porter’s five forces is a model of industrial competition and a way to...

You have a look at your calendar and you see a meeting at 2pm, a lecture at 3pm and a consulting coffee chat at 4pm which you totally forgot about. Now, the temptation might be just to rock up straight from your lecture unprepared - it's just coffee, right? Wrong! It is not easy to get hold of consultants from top tier firms, so you need to make sure to make the best of this opportunity. As with every important meeting in your life, you need to go in prepared to approach the exchange correctly....

My name is Edlyn. As a recent graduate from University College London, I was determined to become a top strategy consultant. About a year ago, I had my final round at McKinsey. I failed…Now, after getting rejected at McKinsey, I reached out to My Consulting Coach and they helped me secure an offer from BCG - where I've been working for the past three months. So, all's well that ends well, right? Of course I can’t complain, but I am still disappointed with my performance on the day...