Management Consulting versus Investment Banking

Management Consulted

In my time at McKinsey, easily half the people who left the firm went into the financial world (from hedge funds to PE), and salary was undoubtedly a major factor in the decision. At the Big 3 (Bain, Boston Consulting Group, McKinsey), you can expect travel 50-75% of the time.

Consultant Ninja: Who Knew SEC accepted Decks for filings.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Thursday, November 6, 2008. What do you think is saddest about this Yahoo Filing with the SEC from June 2008 : That its a word document translated into bullet point format in the worst possible way That it argues "Microsofts offer for $31 per share. Thursday, November 6, 2008. skip to main | skip to sidebar.

Consultant Ninja: The Beach time is the Right Time.: Management.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Tuesday, November 11, 2008. Tuesday, November 11, 2008. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: Living Dangerously, Consulting Style.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Thursday, December 18, 2008. Thursday, December 18, 2008. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: A Warning Sign for my Consulting Career.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Wednesday, October 22, 2008. Wednesday, October 22, 2008. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: On Selling Out: Management Consulting Blog

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Monday, November 10, 2008. Monday, November 10, 2008. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: Who is to blame for the mortgage crisis.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Friday, October 3, 2008. November 29, 2008 at 10:06 PM. Friday, October 3, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6%

Consultant Ninja: There goes BearingPoint: Management.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Tuesday, November 18, 2008. Tuesday, November 18, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar.

Consultant Ninja: What to put on a consulting resume (part 3 of a.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Wednesday, December 10, 2008. December 10, 2008 at 11:56 AM. Wednesday, December 10, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6%

Consultant Ninja: Only in New York.: Management Consulting Blog

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Friday, October 31, 2008. Friday, October 31, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: Stupid XP Fix (aka wasting time until Holiday Time.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Tuesday, December 23, 2008. Tuesday, December 23, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar.

Consultant Ninja: BearingPoint just got De-Listed from the NYSE.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Tuesday, November 18, 2008. November 21, 2008 at 6:10 PM. Tuesday, November 18, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6%

Consultant Ninja: The Strongest Navy in the World: Management.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Thursday, December 11, 2008. December 12, 2008 at 2:44 PM. December 12, 2008 at 3:40 PM. Thursday, December 11, 2008. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: Who's to blame for the mortgage crisis (part 3.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Wednesday, October 8, 2008. Wednesday, October 8, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar.

Consultant Ninja: Who is to blame for the mortgage crisis? (part 2.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Friday, October 3, 2008. Friday, October 3, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: Finally, two counter-cyclical markets: Management.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Tuesday, November 11, 2008. Tuesday, November 11, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar.

Consultant Ninja: Classic Consulting Quotes (Chapter 4, Part III.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Thursday, September 18, 2008. Thursday, September 18, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar.

Consultant Ninja: Classic Consulting Quotes (Chapter 4, Part II.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Tuesday, September 9, 2008. Tuesday, September 9, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar.

Consultant Ninja: Classic Consulting Quotes. (Chapter 4, Part 1.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. Thursday, September 4, 2008. Thursday, September 4, 2008. 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% skip to main | skip to sidebar.

Short blogging break plus preview of what’s coming up at Management Consulted

Management Consulted

Hi readers: I hate to pause the blog train, but for the next few days I will be traveling and enjoying the last moments of 2008. Sample case studies that are as challenging (if not more so) as the toughest ones you’ll encounter at any McKinsey/Bain/BCG interview. You can expect my posting to start again on Friday, January 2.

Welcome to new readers plus a few questions answered

Management Consulted

Thanks to Marquis first and foremost, who is both a fellow Stanford grad and fellow ex-McKinsey consultant. After 2+ years at McKinsey, it was time to move on. I went into my McKinsey tenure with the mindset that entrepreneurship would come after my time at the firm. Received an influx of new readers in the last few days, thanks to some link love from fellow bloggers.

McKinsey: Obfuscation through Excessive Analysis - Consultant Ninja

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. McKinsey: Obfuscation through Excessive Analysis. One common characterization of McKinsey work is that they will do all sorts of ridiculous levels of analysis, even if the outcome isnt cogent to the actual case. McKinseys going to use an interesting mathematical formula to tie economics and nature together.

Top Consulting Firms

CaseInterview.com

While it sometimes seems that everyone wants to get into the top 3 strategy consulting firms McKinsey, Boston Consulting Group (BCG), and Bain & Company (Bain), also known as MBB , it's worth noting that there are several other top consulting firms that can give a career a real boost.

Consultant Ninja: When "hedging" is just speculation: Management.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. In both 2008 and 2007, an increase in jet fuel prices was the primary reason for higher mainline and United Express fuel expense and aircraft fuel cost per gallon, as highlighted in the table below. billion in 2008. billion during the year ended December 31, 2008. " - United Airlines 2008 10-K, 2 March 2009.

BCG Potential Test

CaseInterview.com

Data Interpretation & Word Problem Practice Resources: Kaplan GRE Exam Math Workbook (Copyright 2008)- Chapter 2 Arithmetic Review (if you're really rusty on math), Chapter 6 - Word Problem Practice, Chapter 7 - Data Interpretation Practice. If you found this post useful, I suggest becoming a registered member (it's free) to get access to the materials I used to pass 60 out of 61 case interviews, land 7 job offers, and end up working at McKinsey.

List: Global Strategy Firms 2013

Tom Spencer

McKinsey. McKinsey. Founded in Chicago in 1926, McKinsey is arguably the world’s most prestigious consulting firm. McKinsey has 102 offices worldwide including Sydney, Singapore, Hong Kong, Bombay, Johannesburg, London, Toronto, New York, and San Francisco.

Risk Exposure vs. “Good” Outcomes

CaseInterview.com

I first learned about risk from McKinsey’s Financial Institutions practice. The latter happened in 2008 (the cause of the Great Recession and stock market crash). The layperson thinks 2008 was a “bad” year. A person who has a more sophisticated and nuanced understanding of risk understands the risk EXPOSURES in 2007 and 2008 were not all that different. If you take a job offer from a startup, can you later work at McKinsey?

Consultant Ninja: The Etymology of Consulting: Management.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. skip to main | skip to sidebar. Consultant Ninja.

Tolerating the Truth

CaseInterview.com

For example, let's say you wanted to work at McKinsey because you wanted to work with smart people. You might also consider pursuing a different type of job that also involves working with smart people (pursuing the macro-goal of working with smart people instead of the micro-goal of working at McKinsey). In late 2008, the global economy was in the greatest economic downturn of the past 70+ years.

Consultant Ninja: Future Demand Borrowing, Revisited and.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: Future Demand Borrowing, Revisited.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: "It Flies": Management Consulting Blog

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: Consulting Verbatims: Management Consulting Blog

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: Consulting Vignettes: Management Consulting Blog

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. skip to main | skip to sidebar. Consultant Ninja.

Consultant Ninja: When "hedging" is just speculation (part 2.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. 2) United appears to have done minimal hedging through 2006 & 2007, only launching on a massive hedging action in 2008. Perhaps Im garbling the definitions of hedge & speculate, but I can state on more firm ground that UAL launching a fuel hedging program in 2008 was pretty stupid. skip to main | skip to sidebar.

The Paths of Consultancy

Tom Spencer

Rice began her career as a management consultant at McKinsey & Company before serving in the Clinton administration, eventually moving her way up to being the United States Ambassador to the United Nations.

Consultant Ninja: America's "Lost Decade" of Housing: Management.

Consultant Ninja

Management Consultant | Excel Jockey | Slide Monkey | Corporate Insurgent | One-Eyed Man in the Valley of the Blind Mckinsey | Bain | BCG | Booz | Oliver Wyman. skip to main | skip to sidebar. Consultant Ninja.