Thanks for checking out my channel Mastering Consulting on RU-vid!
I am a project manager in a strategy consulting boutique helping you to learn all the neccessary skills to have a successful career in management consulting while also having a balanced and happy life!
Wheater you are just thinking about joining consulting, want to prepare for your internship or full time position in consulting or already have some experience, this channel will make you a better consultant.
I post daily videos about the most essential consulting skills like building presentations, working with Excel, communication or organization. Also, we cover topics like how to maintain a healthy work life balance and developing a strong mindset.
If that sounds interesting to you, subscribe to this channel - this will help you to not miss any new video on this channel!
You want to learn more? Check out my free masterclass in the link below!
Hope to see you on this channel & have a successful day! Johannes
It seems like the most important part is having data. Almost all videos about problem solving assume you have data. With data it’s easy to see where I problem is, but the problem IRL is that often this data is not even tracked/available in smaller companies. Having the right data is another problem, because what data are you going to track and how? Thanks for the video, now I know where I need to work on
Can we be very particular about the domain, like I want to be a management consultant only for automotive companies because of my 20 years of experience
but Johaness, this might explain why the firm are hiring less candidates or are more selective during the process, but for this first quarter or even last year some firms reported some crazy/exceptional profits... this entire situation is kinda absurd, isn't it?
Yes but still there is a lot of insecurity in the market. They all play it save and reduce cost to the minimum. But I agree, it’s a difficult market environment.
Is consulting a useless job? Like if someone who doesn't know anything about these kind of prestigious jobs, ones who are aware of medical,eng, accounting professions, how do you describe your job?
Hi Johannes, the voice is feeble, can you please increase the gain in videos. I did a side by side comparison in another tab from another video creator and confirmed this
Mr. Nyari, it seems to me that you completely missed the unintended consequences of Jack Welch's decisions at GE. The most obvious one is that now GE barely exists, has been removed from the DJIA (it was an original member), was on life support, and it had to be broken into three pieces to keep from dying. (1) The Fix, Sell, or Close policy made innovation very difficult and focused each line of business on marketing instead. The result was that the company founded by Thomas Edison, arguably America's greatest inventor ceased to invent. (2) The Vitality Curve, or Rank-and-Yank as it is commonly known, made collaboration next to impossible. If an employee helped a fellow employee, that assistance could drive the helpful employee into the bottom 10% and result in his dismissal. In addition, if you are hiring only "A-players", why do you want to get rid of some of them? (3) GE was infamous for "managing earnings" under Jack Welch. This meant that long-term thinking only extended to the end of the current quarter, when the 10-Qs came out. Investing R&D or making needed changes that would bear fruit in future year could upset reported earnings and get that manager fired. (4) The unintended consequence of the famed Leadership Development Program at Crotonville was that it created Group Think in the entire organization. This made responding to changes in the market exceedingly difficult. It also created a condition in GE that Jack Welch described as "showing your face to the boss and your ass to your customer". Further, it ensured that future CEOs would think the same way. It took 20 years for the effects of Jack Welch's policies to destroy GE, but such a large company does not die quickly, it dies a slow, painful death. I believe you missed all these unintended consequences. You focused on the intermediate results rather than on the final results. Please rethink your analysis in terms of the unintended consequences because those turned out to be the actual consequences. By the way, I meant no disrespect to you in anything I stated and sincerely hope that nothing I wrote came out that way; if it did, I apologize.
Hey Johannes , really nice video ! I was wondering if I could help you with more Quality Editing in your videos and also make a highly engaging Thumbnail which will help your videos to reach to a wider audience ? Please Lmk what do you think ?
Hi, I watched your video and then looked up how to use an index/match/index function. It looks like it performs basically the same as an index/match/match function. It’s one of the most powerful functions available in Excel that I use. I think coming up with a good naming convention for your data tables is fairly important as well. So is learning how to anchor a formula built from a table. This allows you to copy formulas over without the references changing when you do. An example of how I name my data tables would be _Tbl_Data_2024. Thanks for putting the video out there. I’m always looking for better ways to do things within Excel.
🎯 Key Takeaways for quick navigation: 00:00 🌱 *Introduction to Management Consulting Challenges* - Overview of challenges in a management consulting career, - Ambitions and the difficult path to a successful consulting career, - Personal experience with these challenges. 01:09 📚 *Challenge 1: Breaking into Management Consulting* - Difficulty of entering the consulting industry as a student, - Importance of creating an attractive profile and networking, - Preparing for rigorous interview processes. 03:41 💼 *Challenge 2: Securing a Full-Time Offer from an Internship* - The competitive nature of transitioning from an intern to a full-time role, - Developing the right skills and fitting into the consulting culture, - Managing internship effectively to secure a full-time offer. 07:20 🚀 *Challenge 3: Promotions and Avoiding Burnout* - Navigating the promotion process and maintaining work-life balance, - Learning to work efficiently and managing high workloads, - Developing strategies for career advancement without burning out. 11:04 🔑 *Conclusion and Coaching Offer* - Emphasis on the personal ability to overcome consulting challenges, - Invitation to apply for a coaching session for further guidance, - Encouragement for a successful career in management consulting. Made with HARPA AI
Uncompromisingly forthright analysis !! Bro it is said that 'Writing' is the most important yet Underrated skill of the century so i want to know how to learn it effectively ? How it impacts our career & any mentors or books that could shed some light on it ??
It's not writing but rather communication in general. We have set-up a program that helps you to develop the most important consulting skills. Communication is a huge part of it. You can apply here: www.johannesnyari.com
It's not left orientated socialistic/communist it's capitalism stakeholder capitalism to be exact which is complete power and control of the masses by a handful of unelected and unaccountable billionaires.
🎯 Key Takeaways for quick navigation: 00:00 🚀 *Einführung in das Verdienen von 250k als freiberuflicher oder Solo-Berater* - Der Moderator Hes stellt sich vor und erklärt das Ziel, Beratern zu helfen, 250k pro Jahr oder mehr zu verdienen. 01:10 ✨ *Wichtige Fähigkeiten und Werkzeuge für herausragende Arbeit* - Erläuterung der Bedeutung von Fähigkeiten und Werkzeugen für ausgezeichnete Leistung. - Erwähnung von Marktbelohnungen basierend auf dem tatsächlichen Wert, den man bringt. 03:01 🧠 *Grundlegende Fähigkeiten für Berater* - Diskussion über grundlegende Fähigkeiten wie Kommunikation, Selbstorganisation und Projektmanagement. - Betonung der Notwendigkeit, diese Grundfähigkeiten zu beherrschen. 04:10 🔧 *Technische und harte Fähigkeiten* - Beschreibung der technischen Fähigkeiten, insbesondere der Beherrschung von PowerPoint und Excel. - Erläuterung von harten Fähigkeiten wie Problemlösung und strategische Analyse. 06:01 🌟 *Entwicklung von Fähigkeiten und Mindset* - Diskussion über die Bedeutung des Lernens und der Entwicklung dieser Fähigkeiten. - Erwähnung der Notwendigkeit eines starken Mindsets für Erfolg. 07:12 🎯 *Nischenfindung und Positionierung im Markt* - Wichtigkeit der Nischenfindung, die auf Leidenschaft, Expertise und positiven Zukunftsaussichten basiert. 09:46 📈 *Kundenakquise und Vertriebsstrategien* - Verschiedene Ansätze zur Kundengewinnung, wie Networking und soziale Medien. - Wichtigkeit, einige wenige effektive Strategien zu wählen und sich darauf zu konzentrieren. Made with HARPA AI
Klaus wrote a second book after covid ... Energy use Fossil energy in particular .. ... and the huge increase world population ... 2,000,000 Two Billion ... many uneconomic contributors to the FIAT virtual money system... No reset .. collapse
🎯 Key Takeaways for quick navigation: 00:00 📚 *Introduction to the video and channel* - Johannes, a strategy consultant, introduces the topic of essential books for consultants. - He encourages viewers to subscribe and like the video for channel support. 00:50 📘 *"The McKinsey Mind" and "The McKinsey Way"* - Discusses two books, "The McKinsey Mind" and "The McKinsey Way," offering insights into McKinsey's problem-solving process. - Provides practical advice on conducting brainstorming, interviews, and research. 01:46 📈 *"The Aspiring Advisor" by Moritz Dressen* - Highlights "The Aspiring Advisor," guiding readers from pre-consulting preparation to career advancement. - Offers practical tips on various aspects, from clothing choices to team behavior and networking. 02:54 🧩 *"Cracked"* - Reviews "Cracked," a comprehensive book on problem-solving in management consulting. - Details various problem-solving approaches and tools used at each stage. 03:48 📐 *"The Pyramid Principle" by Barbara Minto* - Discusses "The Pyramid Principle," focusing on effective communication in consulting. - Explains structuring communication starting with conclusions, then breaking down arguments. 04:46 📢 *Conclusion and Call-to-Action* - Johannes invites viewers to share their own book recommendations. - Encourages subscribing and liking the video; concludes with well wishes. Made with HARPA AI
🎯 Key Takeaways for quick navigation: 00:00 🚨 *Current Crisis in the Consulting Industry* - Discusses the critical state of the consulting industry due to economic uncertainty and hiring freezes. - The consulting industry faces challenges in both economic booms and recessions. - The current state of uncertainty is especially harmful, causing companies to reduce external consulting costs. 02:02 📉 *Impact on Revenue and Hiring in Consulting Firms* - Reveals a significant decline in consulting industry revenue and project cancellations. - Large consulting firms are struggling with staffing projects and resorting to hiring freezes and layoffs. - The uncertainty is leading to cautious financial management by companies. 05:00 🎓 *Strategies for Aspiring Consultants* - Offers advice for students, interns, and existing consultants on navigating the current market challenges. - Emphasizes the importance of outperforming peers and improving personal skills. - Suggests ways to enhance profiles, network effectively, and prepare for case interviews. 08:00 📈 *Career Advancement in Consulting During Crisis* - Focuses on career advancement in consulting during these challenging times. - Highlights the need for skill development, effective performance, and avoiding burnout. - Advises on strategies for getting promoted and maintaining a strong mindset in the face of adversity. 11:02 🧠 *Developing a Resilient Mindset* - Stresses the importance of developing a resilient mindset to succeed in consulting during tough times. - Encourages viewing the current situation as an opportunity for growth and future success. - Offers support and coaching for those aspiring to join or progress in the consulting industry. Made with HARPA AI
What are chances of a person getting summer internship while doing MBA & getting job offer from all 3 MBB firms in USA after MBA. Do you know someone who got this offer in last 2-3 years
You really tried to give this book a chance didn't you? An admirable effort. I wish I watched this earlier, I wouldn't have bothered to buy it. I wanted to know what changes he wanted to implement and how. IMO the book is absolute rubbish, terribly written with simple concepts written in long winded verbose ways and basically useless. The predictions he made that turned out to be right were common sense, the ones he got wrong were blatantly wrong from day one. Saying that, your review is a good one. The only accurate one I've seen so far.
