Day in the Life of a Partner in Consulting

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Are you interested to learn more about how a typical day in the life of a partner in consulting looks like? INVERTO, part of BCG, invited us to their Munich office and gave us the opportunity to follow the Munich Partner and Managing Director Lars for a day. Learn how a day in the life of a consulting partner looks like, from daily team check-ins, to client steering committees (SteerCo's) to coaching sessions with junior colleagues. This video will provide insights into a typical day of a consultant. This video is representative of a day in the life of a management consultant in MBB consulting firms such as McKinsey, BCG or Bain. Are you asking yourself what do consultants do? Learn what consultants do in this video.
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Chapters
00:00 Introduction
01:30 Daily check-ins
02:21 Employee talk
03:20 Procurement consulting
04:59 Insights over lunch
07:34 SteerCo preparation
09:09 Consulting career opportunity
09:45 SteerCo feedback
11:07 Career tips from a Partner
14:10 INVERTO office tour
15:04 More meetings
16:59 Wrap-up
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Опубликовано:

26 июн 2024

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Комментарии : 132

@dollarbill5471 3 года назад

Close to the 100k!!! Congratulations for your hard work and dedication on this high quality, usefully informational and educative content that you share with us!!! Here before you reach the 500k 🙌🏼!!!

@FirmLearning 3 года назад

Thank you!! :) Indeed crazy to witness the growth over the last year. Thank YOU for being part of it! Best, Heinrich

@youzhou5116 3 года назад

Wait for your new content every single day! Thanks so much for updating!

@FirmLearning 3 года назад

Super happy to hear that, thanks for being a regular watcher! Best, Heinrich

@GregorSchafroth 3 года назад

Thanks Heinrich for another amazing video! I actually just started working as an associate in consulting and these videos are a great support. It's like having an additional coach ;)

@FirmLearning 3 года назад

Hi Gregor, thanks for your comment! Super happy to hear that.. lots of success to you in your new role! Best, Heinrich

@biyoroolivierzouzou2834 3 года назад

I really appreciated this video as manager of start-up consulting firm. You are definitely the best for coaching prospective management consultant. Please, keep doing the good job for everyone here and beyond

@FirmLearning 3 года назад

Thanks for the feedback Bi, very much appreciated! Best, Heinrich

@ajayjangid4735 Год назад

Hi could you share your experience ?

@terranceyeo2688 3 года назад

Always providing amazing content, Heinrich. Thanks!

@FirmLearning 3 года назад

Great to hear that, thank you Terrance! Best, Heinrich

@cw1412 3 года назад

Impressive quality of the video. Thank you and thank you INVERTO for the very interesting insight. Really looking forward to similar videos!

@FirmLearning 3 года назад

Thanks for watching! Indeed was great fun producing this with INVERTO. Stay tuned for more :) Best, Heinrich

@kastellan1324 2 года назад

Such a great video to really see the atmosphere in the office. And as always you radiate positive energy :)

@Brian-uw8lk 3 года назад

12:00. These tips are excellent! 💯 Thank you!

@FirmLearning 3 года назад

Yes agree, super valid advice! Thanks for watching! Best, Heinrich

@marknold 2 года назад

Thanks great video, great to see a chilled Partner who is engaged with his team.

@FirmLearning 2 года назад

Glad you enjoyed it!

@LinguistRevolutioner 3 года назад

First time I'm watching your channel, and I just subscribed. Good luck with getting to the 100K!

@FirmLearning 3 года назад

Hi Dan, thanks so much! Great to hear you liked the video :) Best! Heinrich

@FirmLearning 3 года назад

Interested in a career in consulting and join INVERTO? These are the latest opportunities: link.firmlearning.com/inv-careers

@vr9374 3 года назад

This was very interesting. Thank you! I hope you keep on doing these kinds of videos :)

@FirmLearning 3 года назад

Thank you! Will do my best :)

@clement09141993 2 года назад

He is so positive, bless him

@sandrakm3728 3 года назад

Really great video! Showing appreciation from another consultant in Namibia 👏🏽

@FirmLearning 3 года назад

Hi Sandra, thank you for your kind comment. Great to hear you liked it :) All the best! Heinrich

@elyas.e4540 3 года назад

Beautiful! This video got me quite excited :)

@FirmLearning 3 года назад

Thanks Elias, glad to hear you liked it! Best, Heinrich

@medbvl95 3 года назад

Heinrich you are doing a great job! I love your videos.

@FirmLearning 3 года назад

Thanks Mohamed, great to hear that :) Best! Heinrich

@Karenbrv24 2 года назад

Loved the video! So much good info! Thanks for sharing!

@FirmLearning 2 года назад

Thanks for watching! Great to hear that you found the video insightful!

@gregorscheider3399 2 года назад

Speaking for myself, I really liked that video. It was very authentic and the given insights were just great. Personally, I would like to see more of these "v-log-type" of videos. So please keep up your great work and please try to give use more insight videos like this. Best regards!

@FirmLearning 2 года назад

Hi Gregor, thanks for the feedback, appreciate it! :) Stay tuned for the video next week, will do a "day in my life" vlog video where I show you how my current day and work looks like :) Best, Heinrich

@damienconnolly 3 года назад

Awesome video Heinrich one of my Firm Learning favourites. Thanks, I’m sure it took some arranging to get made!

@FirmLearning 3 года назад

Appreciate it, thanks Damien! Yes for sure one of my more complex videos to date :) Best! Heinrich

@RyanMightyCAE 3 года назад

Seems pretty down to earth

@FirmLearning 3 года назад

Yes had the same impression. From what I saw in the Munich office, great team and cool office vibes! Best, Heinrich

@lennardvdbrock3687 3 года назад

Despite the difficult overall situation, a very interesting insight. Very likeable team @inverto

@FirmLearning 3 года назад

Had the same impression when visiting them :) Thanks for watching Lennard! Best, Heinrich

@martyalencar1315 3 года назад

Video suggestion: (Soft) Skills Tier List Love your vids, BR Marty

@FirmLearning 3 года назад

Love it :) Have added it to my ideas list. Thank you Marty! Best, Heinrich

@maximilienpoame7268 3 года назад

Great Video-Content Heinreich, really appreciate it. May not be hollywood produced but thats what gives it a special charm! Big Fan

@FirmLearning 3 года назад

Thanks for the feedback Maximilien, appreciate it! For sure no hollywood production :) Best! Heinrich

@gainde1137 3 года назад

Great "Format"! 😀👍

@FirmLearning 3 года назад

Thanks, glad you like it! :) Best, Heinrich

@Anas-wk4wl 3 года назад

Thanks Heinrich!!

@FirmLearning 3 года назад

Thank YOU for watching and your support Anas! :) Best, Heinrich

@pranitmahadik96 3 года назад

Nice video in terms of content and quality. All the best 👍💯

@FirmLearning 3 года назад

Super happy to hear that - thanks for your comment Pranit! Best, Heinrich

@paolo7206 3 года назад

I really liked this INTROVERTO company 😊

@FirmLearning 3 года назад

Thanks for watching! You mean there are lots of introverts working there or was that a spelling mistake? :) Best! Heinrich

@nicoletaf.9290 3 года назад

Really insightful video!

@FirmLearning 3 года назад

Thanks Nicoleta, great to hear that! :) Best, Heinrich

@gustavklint3157 3 года назад

Sehr interessanter Video. Danke! Die Audio Qualitet ist immer so ne Sache. Als Zuschauer hat man immer hohe Ansprüche. Mücken wurde wahrscheinlich viel unterschied tuen im dieser Produktion. Alles gute.

@FirmLearning 3 года назад

Hi Gustav, danke dir! In der Tat ist die Audioqualität an einigen Stellen verbesserbar - habe da auch ein paar Sachen gelernt für zukünftige Videos. "Mücken" ist vermutlich ein Fehler / was genau meinst du was hier helfen würde? :) LG! Heinrich

@dominicl6712 3 года назад

Very interesting insights and great opportunities. Thanks for sharing!

@FirmLearning 3 года назад

Happy to hear that Dominic, thanks for watching! Best, Heinrich

@matheusmascarenhas 3 года назад

That was a nice video, Heinrich! Despite the channel being focused on the first years of a consultant's career, another good perspective would be your role as Project Lead. What did change? How did you manage a wider span of control? How this changed once you assumed a c-level position? Cheers!

@FirmLearning 3 года назад

Hi Matheus, thanks for your feedback and watching the video! Yes indeed this is a great content suggestion. Have topics like this already on my ideas list - stay tuned :) Best! Heinrich

@mcdlr9197 3 года назад

Really cool and insightful

@FirmLearning 3 года назад

Great to hear that - thanks for watching! :) Best, Heinrich

@handokolie1992 3 года назад

Interesting content as usual!

@FirmLearning 3 года назад

Appreciate it, thanks for watching Handoko! Best, Heinrich

@BehaviourTherapy 3 года назад

Hey Heinrich, thanks a lot for you continuous dedication! As I recently watched your video on the mba program, I was curious, if you could speak about the topic PhD vs. MBA in consulting? I am currently pursuing my PhD in finance and was also thinking about an MBA next to my job in the future :) Cheers Daniel

@FirmLearning 3 года назад

Hi Daniel, thanks for your comment! In general my opinion is that having both the MBA and PhD is not required for your career, especially in Germany. It is more a fun little thing to do and learn from, probably more for your personal development :) But interesting topic, might pick this up in a future video! Best, Heinrich

@tomkersten9764 2 года назад

The accent man. It's fantastic.

@FirmLearning 2 года назад

;) Thanks for watching Tom! Best, Heinrich

@Gorlenius 3 года назад

Quite insightful, thanks for sharing these insights!

@FirmLearning 3 года назад

Thank you! :)

@wannabedal-adx458 3 года назад

Great video, Heinrich. Not many channels show the day-in-the-life of a partner. Obviously, he must speak broadly about what he is working on due to confidentiality. 3 observations I noticed: 1) Lars shares an office as Managing Director??? 2) His desk is very spartan. 3) Everyone is dressed very casually (COVID??). Thanks

@FirmLearning 3 года назад

Thanks for watching, great observations! 1) Did not really notice that when we were filming, at least nobody else was in his office when I were there. Though also at McK it is not unusual to have Partners sharing an office (depending on how large the office is), therefore yes he might share his office. 2) Also not uncommon, in many firms there are also "clean desk" policies where you are supposed to completely clean out your desk in the evening ;) 3) Yes, that's also quite common / experienced it at McK like this as well. Though there might be regional differences, e.g., in Berlin consultants dressed much (!) more casually in the office than say Frankfurt (which is the Finance center in Germany). Best! Heinrich

@clinomaniaciznogood4247 3 года назад

Really Great!

@FirmLearning 3 года назад

Thank you! :) Best, Heinrich

@Querenciatv 3 года назад

Thanks for Sharing ❤️&✌️

@FirmLearning 3 года назад

Thank YOU for watching! :) Best, Heinrich

@thecrucible123 3 года назад

A good view behind the curtains Heinrich.

@FirmLearning 3 года назад

Happy to hear that, thank you Gavin! Best, Heinrich

@judyl.7811 Год назад

0:35 part of BCG. 3:50 different types of topics we can support. 6:00 and i have a longer review with one of my teams, where we went through all the topics. where they're standing? what are current challenges? 7:30 it's not always in such a nice scenery. 8:30 look at the time zones. the clients. also, share the findings and make important decisions for the way forward. 11:55 be quick and sharp; a good understanding; willing to learn. 12:30 high-paced job. 13:00 distinguish from a good to a great consultant: proactive. not only response to the pm or clients want, but always think 1-2 steps ahead. what do i need to prepare to make project successful.

@arielleung3917 3 года назад

haha you definitely smile more often when around people!

@FirmLearning 3 года назад

That is probably right :) Cheers! Heinrich

@JustAGuyAllDayAnyDay 3 года назад

I already applied but got rejected 😭 Anyways, thanks Heinrich for the great content as always.

@FirmLearning 3 года назад

Sorry to hear that.. hope you will get your dream job at another company! Thanks for watching and lots of success to you! Best, Heinrich

@Antowan 3 года назад

New camera? I've noticed a spike in video quality over the last few weeks.

@FirmLearning 3 года назад

Hi! Now found someone here in Munich who helps me with creating some of my new videos. He is a bit more knowledgeable about cinematography than me, so indeed hope that it shows :) Best! Heinrich

@daksha68 3 года назад

Hello Heinrich , great video as always :) Could you please tellme the minimum level of German language requirement for breaking into consulting in Germany and does it differ from firm to firm?

@FirmLearning 3 года назад

Hi Druv, most firms in Germany (and also other European countries) will require Business-level skills of the local language. There might be some exceptions but this will be the general rule for most larger firms. Best, Heinrich

@luisvictorfernandez6224 3 года назад

Very cool video

@FirmLearning 3 года назад

Great to hear that, thanks Luis! Best, Heinrich

@sanchito39 3 года назад

Ah, the standard consulting uniform for men - a sweater over collared polo. And if you're feeling daring, you opt for a down vest instead.

@FirmLearning 3 года назад

Indeed! Though sounds like a very casual, basic outfit :) At the client you usually wear a suit (though also depends on the industry of your client). Best! Heinrich

@aneesahasnain6925 3 года назад

Do you think there will be less travelling in consulting after the pandemic? (As people have adapted to communicate online and less travel expenses)

@FirmLearning 3 года назад

Hi Aneesa, good question and hard to know for sure. I do think that it will go down a little bit, though would find it hard to imagine that consultants to not follow the "Monday to Thursday at the client" rhythm anymore in the long term, which is of course driving the travel lifestyle. Best, Heinrich

@BlondeQtie 3 года назад

Let’s hope that they will still travel since business travel subsidizes private travel.

@diegolasheras2137 3 года назад

How much is time in client sites versus main office for Consultants below Partner level @ Inverto?

@FirmLearning 3 года назад

Hi! From what I understood they usually follow the Monday to Thursday at the client routine as well. Though at the moment there is of course lots of (home) office due to the travel restrictions. Best! Heinrich

@arcturus2739 3 года назад

How many years does it take to get from Junior Consultant to a Partner? Does BCG ask employees to leave if they don't get promoted at a given time?

@FirmLearning 3 года назад

Hi Arnav! It usually takes around ~8 years. Yes, at BCG the "up or out" principle is in place. Though frankly I do not know to what extent this applies to INVERTO as well. Trust the HR team will be able to answer your questions on this. Best, Heinrich

@arcturus2739 3 года назад

@@FirmLearning Thanks a lot for the reply! Consulting is a dream job for me and there is a lot I can learn from experienced professionals such as yourself.

@ajb229 3 года назад

Is that Stone Henge on the wall?

@FirmLearning 3 года назад

Do not know for sure but does indeed look like it :) Best! Heinrich

@jopro2000 Год назад

The fruit basket is probably the best thing since sliced bread

@ajb229 3 года назад

Colourful coffee cup :-)

@FirmLearning 3 года назад

Just picked it up from one of the coffee places on the way :) Thanks for watching Alistair! Best, Heinrich

@thecodingmentor7701 3 года назад

3:57 So they take 4-6 weeks to make a powerpoint slide deck but whats differentiating them from other consulting companies is they are also doing some actual work afterwards 🤔

@FirmLearning 3 года назад

The general approach for these types of projects is rather that first you start with a sizing / potential assessment phase. In this first phase you dig into the numbers, try to understand the supplier portfolio and the spend cube / cost baseline. The result of this phase is an assessment in which areas you believe to be able to save what amount of money. This will indeed often take the form of a PPT slide deck / report. The second phase is then what the person described as "execution". This means that you will plan out the individual initiatives with the clients to actually make these savings happen. This then also means supporting in conducting real life commercial negotiations with supplier, creating the strategies for how to approach these negotiations etc. Best! Heinrich

@yomikmc 3 года назад

A Lenovo Thinkpad pc. Consulting firm CONFIRMED!

@FirmLearning 3 года назад

Guilty of loving my ThinkPad indeed ;)

@stevemiller7050 3 года назад

So the MD works in a shared office?!

@FirmLearning 3 года назад

Hi Steve, that is not too unusual, it's the case at McK in many offices as well. Main reason is probably that (at least pre-COV) partners are traveling all the time anyways and usually only 1-2 days / week in the office. Best, Heinrich

@noam45629 3 года назад

I saw that in the Netherlands they are only looking for a principal, would it be cheeky to email the recruiter none the less?

@FirmLearning 3 года назад

Hi Noam, will probably not hurt to try :) Best! Heinrich

@amfrance 3 года назад

Sucht INVERTO auch nach internationalen Bewerbern, die Deutsch sprechen? Ich wäre auch interessiert.

@FirmLearning 3 года назад

Hallo Garret, meines Wissens ja! Wenn du auf Business-level Deutsch sprichst und auch eine Arbeitserlaubnis in Deutschland / der EU hast, sollte einer Bewerbung nichts im Wege stehen! Ggf. eine gute Möglichkeit dich auch bei dem Karriereevent anzumelden, wo dir die Berater dann sicher auch deine Fragen dazu beantworten können. LG! Heinrich

@amfrance 3 года назад

@@FirmLearning Vielen Dank für deine Antwort.

@sbkr4906 2 года назад

Do you really need calls to find out what your ppl do? Have you heard about Monday, Meet Up, Trello, or even the facilities offered by office 365.you pay already?

@sbkr4906 2 года назад

Maybe you do a consultancy yourself in how the world evolved :)))

@FirmLearning 2 года назад

Thank you for watching the video and sharing your thoughts!