DNC ONLINE ENROLLMENT
More than half the people in top MBA programs and a significant number of college seniors flirt with the idea of becoming a management consultant after graduation. It's a high-paying, high-profile field that offers students the opportunity to take on a lot of responsibility right out of school and quickly learn a great deal about the business world.
The big names in management consulting are well known. Bain & Co., the Boston Consulting Group (BCG), McKinsey & Co., and a solid crop of similar firms vie for contracts from the Fortune 500. Each firm has a slightly different focus, culture, and approach.
“Consulting” is a big, one-size-fits-all term that includes virtually any form of advice-giving in a business setting. The management consulting segment of the industry includes firms that specialize in providing advice about strategic and core operational issues, such as finding new channels for selling products or reducing the costs involved in producing a product. Although some of the highest profile firms populate this segment, they're not the only ones doing consulting.
Thousands of other organizations and individuals call themselves consultants and make money selling their advisory services, and they offer plenty of opportunities for employment. If you like the idea of advising businesses and you have a particular interest in computers, human resources, corporate communications, mobile communications, health care, financial services, real estate, e-commerce, or some other specialized field, there's a good chance that you can find a position within an organization doing precisely that.
Overall, the outlook for the management consulting industry is positive. We predict a steady 7% annual increase in consulting revenue across the board through the end of the decade.
WHO ARE CONSULTANTS 【谁是咨询师】
Consultants tackle a wide variety of business problems and provide solutions for their clients. Client companies hire consultants when they are up against problems that require expertise beyond what their staffs can provide, or when they need the fresh perspective of an outsider.
For consultants, this means constantly being exposed to the greatest challenges companies face: how to integrate staff and work processes after an acquisition, how to restructure after bankruptcy, where to set up manufacturing facilities abroad, how to attract and retain the right employees. Depending on the size and chosen strategy of the firm, these problems can be as straightforward as researching a new market or as complex as rethinking the client's entire organization.
By and large, the things insiders like about consulting are similar across the board. They enjoy the variety afforded by working in different industries for many different clients, the intellectual challenge of pushing themselves to the limit as they tackle complex business problems, and the people with whom they work. And they like the money and the perks. The industry pays very well, and consultants travel in style. Consulting insiders also have a litany of complaints: 60-hour workweeks are standard, extended travel is the rule, and personal plans often must be put on hold. Clients-not you-drive the deadlines, which can severely cut into your social life. In addition, at some point most consultants long for the opportunity to actually implement their great ideas.
As each firm has its favourite buzzwords, it also has unique terminology for its rank and file. While the titles might vary from firm to firm, the roles can basically be divided as follows: analyst (also called research associate or staff consultant at some firms), consultant (or senior consultant), manager, and partner or vice president. In addition, consulting firms hire a cadre of highly capable nonprofessional staff to fill administrative and support positions.
Most consulting firms have a fairly large pool of college-educated administrative assistants and support staff on board.
· ANALYST/RESEARCH ASSOCIATE/STAFF CONSULTANT
This is the position at the bottom of the professional pyramid. The vast bulk of analysts are young, talented, and hungry college graduates.
· ASSOCIATE/CONSULTANT/SENIOR CONSULTANT
This is the typical port of entry for newly minted MBAs (and increasingly for other graduate students as well). Senior consultants often perform research and analysis, formulate recommendations, and present findings to the client.
· MANAGER
After a few years, a senior consultant will move up to manager. As the title implies, this usually means leading a team of consultants and analysts toward project completion.
· PARTNER OR VICE PRESIDENT
This will be a role that you earn and receive congratulation from your school fellows.
We offer inspired students a broad range of knowledge and practical experiences stepping into management consulting industry.
Course Structure: Real consulting case study and interview preparation process delivered by experts from top management consulting firms
Course Duration: 72 hours’ full time training that is designed in line with the standard, requirement and procedure of consulting firms’ recruitment process.
Suitable for: Anyone who is looking to break into management consulting industry and meet the threshold requirements of hiring.
Course Schedule: Only open three sessions each year, limited seats per session (Please make inquiry to our consultants for course timetable)
Module Descriptions - Section 1
Advance Excel Warm Up
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Day 1
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Custom Number Format |
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Data manipulation |
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Most popular shortcuts |
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Most Popular Formulas |
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Most Popular Formulas |
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Advanced Formulas Application |
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Name Managers |
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Conditional Formatting |
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Protect your data |
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Work with massive workbook |
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Day 2
Part 1 -Advanced Charting |
Create Chart
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Chart Design Tips
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Chart Layout Tips
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Create Special Charts
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Dynamic Chart
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Day 2
Part 2- Pivot Table |
Creating PivotTables |
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Pivot Table Design |
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Manage PivotTable |
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PivotChart |
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PivotTable Troubleshoot |
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Module Descriptions - Section 2
Case Study & Interview Preparation
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Capability Area
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Module |
Content Outline |
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Consulting Industry |
What is management consulting |
· An introduction to the management consulting industry
· Overview of types of consulting firms
· The Australian consulting market
· Career paths and typical career entry points
· Life as a consultant
· Life after consulting |
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Strategic concepts |
Strategic concepts 1 (strategy fundamentals) |
· What is strategy
· Corporate vs. business unit strategy
· Common strategy frameworks (Porters 5 forces, 3Cs, 7Ss etc.)
· Strategic segmentation
· Exercise |
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Strategic concepts 2 (corporate strategy principles) |
· Corporate strategy - the role of the parent
· Core capability principles (Prahalad, Hamel)
· Recent strategy concepts (Profit from the core, repeatability)
· Exercise |
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Research techniques |
Research techniques 1 (primary research) |
· Purpose of primary research
· Primary research techniques
· Common statistical analytical techniques
· Exercise |
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Research techniques 2 (secondary research) |
· Secondary research overview
· Common data sources
· Analysing company reports
· Exercise |
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Valuation analysis |
Valuation analysis |
· Valuation fundamentals for consulting (net book value, multiples, DCF)
· Exercise |
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Excel modelling |
Excel modelling 1 |
· Strategic modelling concepts
· Modelling golden rules
· Developing a model logic structure
· Exercise |
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Excel modelling 2 |
· Revenue model development exercise
· P&L model development exercise
· Balance sheet and cash flow model development exercise |
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Excel modelling 3 |
· Introduction to advanced modelling concepts
· Scenario analysis
· Simulation analysis
· Exercise |
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Operational analysis |
Operational analysis |
· Operational concepts
· Introduction to process analysis
· Process mapping and opportunity identification
· Exercise |
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Implementation |
Implementation |
· Program management principles
· Program architecture
· Project planning
· Exercise |
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General consulting skills |
Strategic problem solving |
· Overview of strategic problem solving techniques
· Overview of key concepts (MECE, 80/20, decision trees)
· Example decision trees
· Exercise |
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Working in teams |
· Consulting team structures and roles
· Working effectively in a team
· Personality profiling exercise |
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Pack structuring |
· Effective written communication principles
· The pyramid principle
· Examples
· Exercise |
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Effective presentations |
· Effective presentation principles
· Practice exercises |
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Work planning |
· Work planning concepts
· A functional module approach to work planning
· Exercise |
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Case simulation |
Case simulation 1 |
· Briefing
· Work planning / team structure
· Management interviews
· Hypothesis development
· Research / data gathering |
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Case simulation 2 |
· Financial analysis / modelling
· Pack development
· Client presentation |
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Securing a consulting position |
How to get a job in consulting |
· Application process
· Screening process
· Cover letter / CV
· Networking |
1. Real world management consulting case studies and case research with professional team;
ü On every case, study how to look at the business from a chief executive’s perspective.
ü Start by asking the right questions, and then dig deep into the numbers to unearth the right solutions.
ü Don’t settle for off-the shelf solutions, and learn how to customize recommendations and approach for target clients.
ü Have some general understanding about these industries: Airlines & Transportation, Consumer Products, Financial Services, Healthcare, Industrial Goods &Services, Media, Metals &Mining, Oil & Gas, Private Equity, Retail, Social & Public Sector, Technology, Telecommunications and Utilities & Alternative Energy etc.
2. Full scope of interview preparations;
ü The behavioral portion: how to show your ability to effectively interact with others, make your case, convince doubters, work collaboratively in a team based on your own experience.
ü The case portion: how to show your structured, logical thinking and problem solving ability, how to answer these questions:
"What is the market size for a cancer diagnostic technology in the U.S.?"
"How many airplanes leave from Boston's Logan Airport on Monday?"
"How many passengers fly through LAX in a calendar year?"
3. First class networking opportunity with professionals from top tier consulting firms such as Bain & Company and McKinsey & Company