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` ` Management Consulting Association 2017-18 1 st Year Kickoff

Management Consulting Association · To succeed in consulting, you need to genuinely love solving problems, working in teams, and committing to make a client’s ... Management Consulting

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`

`

Management Consulting

Association

2017-18 1st Year Kickoff

`Agenda for today

● What is the MCA?

● Key dates

● What should I be doing now?

● Resources available

● AVP Positions

● Q & A

`What is the MCA?

The Management Consulting Association is the largest student-run

professional club at CBS, with over 500 members. The MCA exists to

educate its members about the consulting industry, and equip them with the

knowledge and skills required to join and excel in this industry.

What we do:

1. Partner with consulting firms to arrange recruiting events

2. Educate members on interview best practices – in both case and fit prep

3. Mentor students interested in consulting on their overall approach to

recruiting

4. Support practice cases via our case coaching system

`

Mentorship

Carrie and Pramod

CKmetzo18, PPrasad18

Technology

Sudi

SShome18

Education

Gillian, Ryan and Jeff

GWindsor18, RRipp18, JKalski18

Who’s involved?

Corporate Relations and Events

Matt, Brittany and Cole

MHenderson18, BLutz18, CMcWhorter18

Co-President

Chinmay

CBorkar18

Co-President

Jeff

JSilberman18

Yaprak, Jordan, Rafael, Aarushi, Mike

YBaran18, JGiallanzo18, RCamargoLopes18, AUboweja18, MDeSouza18

Community EMBAInternational Publications Finance&Ops

`So what is Consulting?

Jeff’s Story

● Client: Large regional grocer

● Joined for conclusion of a 10-

week diagnostic. Also worked on

the proposal, and the project

itself once sold

● Analyzed both item-level

profitability and areas for cost

savings.

Chinmay’s Story

● Client: Integrated healthcare

system in Albuquerque, NM

● Pure strategy study to determine

if our client could remain viable

● From analysis of encounter-level

data to evaluation of financial

projections

`Are you doing this for the right reasons?

● Consulting offers the chance to work with bright people, gain experience

across industries, develop your leadership skills, and access top

management right away.

● However, be aware of what you’re getting into. Your life as a consultant

may at times include: Difficult teammates, unpleasant clients, unexciting

cases in an industry you don’t love, tedious modules, long stretches of time

away from your family in far flung cities, flight delays, and banking hours

without the banking pay.

To succeed in consulting, you need to genuinely love solving

problems, working in teams, and committing to make a client’s

problem your own. This is a client service business.

`

Key dates and reminders for 1st year recruiting

• Monday, 9/25: On-campus

recruiting starts

• Friday, 9/29 - 9 AM:

COIN Resume Book

deadline, MBA Career Fair

• Friday, 10/13: MCA

Resume Book deadline

• Friday, 12/1 – 9 AM: First

resume drop

• Monday, 1/8: 1st year

interviews begin

• We work with the CMC to limit the number of

overlapping events. That said, overlapping events

cannot be eliminated entirely due to the volume of

recruiting events

• The MCA weekly email will be distributed each

Wednesday and will include confirmed events

through the following Friday (i.e., 10-day outlook)

• Stay up-to-date by checking the MCA weekly

email, COIN, and OrgSync. Some events will not be

included in every communication (e.g., coffee chats)

• Each firm handles sign-ups for coffee chats

differently. Many use a Google Doc, but be ready to

use different tools

• Under no circumstances should you overwrite

another student’s name on a coffee chat sign-up

document. Honor code!

• Invite-only events will not be included in the MCA

weekly email (though we try to avoid conflicts when

these are known)

Key Dates Reminders

Important dates to remember

`What should I be doing now?

● Consider whether consulting is right for you – make use of the CMC,

Career Fellows, & second years who have interned in consulting

● Even if you are fully committed, try to understand what you want out of

consulting, and choose a parallel path that gets you there as well

● Sign up for our mentorship program, and develop a recruiting plan that

works for you – there is no “correct” way to approach recruiting

● Attend events that interest you or that you think will be useful – but do not

feel obligated to attend all of them

● Learn more about the differences between firms and their cultures

● If you are interested in offices outside NYC, connect with consultants

there

`

FIGURE

OUT A

PARALLEL

PATH.

The success rate is < 30%.

What else should I be doing now?

● About 225 people applied for

consulting internships last year. 70

got offers, across 22 firms.

● Cast a wide net within consulting

and outside

● Look for roles that require similar

skills and have similar job profiles

as consulting – e.g. roles in internal

consulting, corporate strategy

● Think about what you want out of

consulting, and let that guide you

`Six takeaways

• Recruiting for consulting is hard – remember this

• Approach networking season (and your summer) with

curiosity

• Use mentors to determine when to start case prep

• Practice smart prep – work on your weaknesses

• A great fit interview can salvage a mediocre case

interview, and a poor fit interview can ruin a great case

• Always have a parallel path

`

Use all resources available to you – inside and outside the MCA

General Interview Prep

• MCA Mentors • MCA case coaching

• CMC • MCA case demos

• Career Fellows • MCA fit sessions

• Executives-in-Residence • Case books

• Former summer interns • RocketBlocks

• Firm contacts • FastMath

• Firm web sites • Victor Cheng (book, math)

• Business press • Case in Point

` The case coaching program is an amazing display of community – it’s

one of your most valuable resources…

1. Find an appointment and immediately

find a room in Watson – update the

calendar invite accordingly.

2. Update the system and notify coach in

the event of cancellation

3. You’re responsible to find a venue and

ensure that the case happens

• These resources exist for the

betterment of the entire CBS

community

• Please treat this program as a

communal resource – strive to make it

better!

Rules Honor Code & Conduct

A new system for scheduling cases is coming soon! Look out for an email

from Sudipto Shome (VP of Technology) with your credentials and

instructions on how to use the new system.

It’s a Beta release – so write to us if you face any issues. In all likelihood, it’s

not a bug, it’s a feature ☺

Case Coaching Scheduling System BETA

`… and so is the Mentorship Program

Benefits

● Offers single point of contact for all consulting-related recruiting questions

● Members matched with 2Y mentors on the basis of similar interests and background

● Robust curriculum throughout recruiting, including training on networking best practices as well as fit prep

Purpose

To provide continuity and holistic one-on-one mentorship

throughout the recruiting process

`Mentorship Program Timelines

Septe

mber • Mentorship

Kick-off and social

• Mentor and mentee matching and initial meetings

• Networking and coffee chat advising

Octo

ber • Case and

fit prep advising

• Resume reviews

• Regular check-ins

Novem

ber • Case and

Fit prep

• Resume Reviews

• Regular check-ins

Dece

mb

er

Ja

nua

ry • Interviews!• Case and Fit prep

• Pre-resume drop office hours

• Regular check-ins

Please contact Pramod Prasod (PPrasad18) or Carrie

Kmetzo (CKmetzo18) for more information.

`The MCA’s weekly email is the source for all upcoming events

● VPs of Events will send the MCA weekly email on Wednesdays with

upcoming recruiting events and registration information

● Again – no need to attend every event or sign up for every coffee chat. But

if you do sign up, you must attend. No exceptions – repeat offenders

may lose newsletter privileges.

`

As you gear up for interview prep, attend these upcoming Ed events

Event Date Time Location

Intro to Casing, Case Demo #1 10/26 12:30 pm – 1:30 pm Uris 301

Case Demo #2 11/2 12:30 pm – 1:30 pm Warren 208

Case Demo #3 11/14 5:45 pm – 6:45 pm Uris 330

Mental Math 11/21 12:30 pm – 1:30 pm Uris 141

Dispelling Myths Panel 11/28 12:30 pm – 1:30 pm Uris 331

Fit Prep #1 12/5 12:30 pm – 1:30 pm Uris 303

Firm Panel 12/6 5:45 pm – 6:45 pm Uris 329

Fit Prep #2 12/11 5:45 pm – 6:45 pm Uris 326

Details may change – refer to Orgsync

`

cACE Team Ecosystem

CMC

Advisors

CMC

Fellows

CMC

Coaches

Executives

in

Residence

Centers &

Programs

Faculty

Student

Government

Peer

Advisors

Student

Clubs

Employers

Alumni

Students

`cACE Team: Management Consulting

CMC Advisors

CMC Coaches

Tricia Baione ’09 James Wu ’13

Wissam Kahi ’04 Harpreet Khurana ’05 David Wolkoff ’12

`cACE Team: Management Consulting

CMC Fellows

Jess

BeidelmanKevin

Connelly

Amrinder

Chawla

Angela

ConchaKatie

Dean

Johnathan

Fingado

Axel

Freytag

Jordan

Giallanzo

Dan

Kempson

Carrie

Kmetzo

`

CMC Fellows

cACE Team: Management Consulting

Cole

McWhorter

Pramod

Prasad

Ryan

Ripp

David

Schreiber

Guy

Shahar

Matt

Taylor

Cem

Turkeli

Aarushi

Uboweja

Jill

Wang

Mallory

West

`

CMC Fellows

cACE Team: Management Consulting

Gillian

Windsor

Ran

Zou

Ryan

Williams

Daniel

Wong

`

• Develop a collaborative and enjoyable culture within the MCA

• Serve as a platform for 1st and 2nd year students to network and build

connections

• Provide stress relief from interview prep and celebrate successes

Social Events

Goals

• MCA meet & greet happy hours – first one coming soon!

• Fit interviews event

• Study break events with food and drinks

• Post interview celebrations (1st and 2nd year)

MCA Social Events

`Apply for an AVP role!

Apply Here: http://bit.ly/2w3bkjR by 9/25

Role Number of Positions Skills (if necessary)

Events & Corporate

Relations

2

Education 2

Mentorship 2

Technology 2Must be familiar with

Python/SQL/PHP

Publication 2

EMBA 1 EMBA

International 1

`Parting thoughts - We are here for you throughout this process

• We want everyone who wants a consulting job to get one. If there is

something you need, let us know.

• Leverage MCA mentors, case coaches, and the Board

• Find someone at about your skill level who is interested in similar

firms, and work with her/him. They will spot flaws you might not see

yourself

• Numbers don’t matter! Focus more on improving your casing skills

than on reaching a target number of cases

• Help others along the way. Recruiting is challenging, and some

elements are beyond your control. Have patience with yourself and the

process.

• When you’re done, give back. Write for our casebook, run for a Board

position, or be a case coach next year.

`Immediate action items

Join the MCA here

http://bit.ly/2ykU7nk

Apply to be an AVP here (by 9/25)

http://bit.ly/2w3bkjR