Category Archives: Mindset

The Consulting Timetable

One of the frustrating things about the consulting recruitment process is how structured it is. In the United States, the recruiting cycle looks as follows:

1. September – November: Interviews for Full Time Positions

2. December – February: Interviews for Internship Positions

3. Rest of the Year: Ad- Hoc Recruiting for Experienced Hires

and positions don’t typically start until June – September of the next year.

If you are an undergraduate, graduate student, or only a few years out of school you should pay very close attention to these timings. There’s nothing more frustrating than missing the prime recruiting season and having to hope and dream that things will open up off cycle.

Respect the cycle and it will reward you.

Most people start preparing for cases and networking in the August – September time frame if they’re aiming for full time and later if they’re aiming for internships. Because these positions are so competitive I would recommend starting earlier.

The *best* time to network in my experience is March – June. By then, internship recruiting has finished and people are no longer being barraged by networking requests. At the same time, people haven’t left for their vacations yet (many people take vacations during the summer).

There are two main risks with starting the networking process early:

1. You may end up making connections with people who are planning to leave in June (when many people leave) and if you’d started in the summer you wouldn’t have this problem. However, this is relatively easy to deal with – choose to network with people who are farther along in their careers and less likely to leave. Plus, you can gauge how likely they are to be around in 6 months when you talk to them.

2. Your connections may forget about you, or not do as promised. The remedy here is to ask for the referral now. Get your contact to pass your resume to HR now and you’ll be on their list. If you need to remind the firm you exist in a few months, fine. It’ll be easier to get your contact to help you again if they’ve helped you before.

Starting early will give you a big leg up on your competitors. When recruiting season comes and everyone else is scrambling to get their resumes in before midnight deadlines you’ll be sipping martinis on the beach and watching the interview offers roll in.

And make sure you’ve got something to do between when the offers come rolling in and your proposed start date 🙂

The Five Phases of the Recruiting Process

Stages

The above diagram was created based on a study of first year teacher’s attitude toward teaching vs. time of the year.

I’ve come to realize it does a great job of modeling the five stages of the consulting recruitment process as well (though the timescale is very different).

It’s also a great model for undergrad / MBA / medical school / law school / summer internship recruiting processes as well.

In today’s article we’re going to talk about what these phase are, how to use this knowledge to keep you grounded, and when you’ll see this again.

Continue reading The Five Phases of the Recruiting Process

The McKinsey Approach to Problem Solving

Today’s article is based on McKinsey Staff Paper 66: The McKinsey Approach to Problem Solving. I’m going to give my own spin on it, but I would definitely recommend reading the paper and my previous article on it.

The goal of this article is to give you a better idea of how McKinsey consultants approach problems, why they approach problems this way, and what they look for in the case interviews.

The McKinsey Approach to Problem Solving can be broken up into six parts:

1. Creating a Rigorous Problem Definition

2. Structuring the Problem

3. Prioritizing Issues

4. Plan & Execute Analyses

5. Synthesize Findings

6. Developing Recommendations

Continue reading The McKinsey Approach to Problem Solving