No one would ever quit a job at McKinsey.. right?

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Why would anyone ever quit a job at McKinsey? No one would quit such a job.. right? Working at an MBB consulting firm like McKinsey, BCG or Bain is a prestigious career objective for many young graduates. Though it is important to know what a career in consulting is actually like. Are you currently preparing for consulting case interviews, looking forward to a solid consulting salary and are now wondering whether a consulting career is right for you? Are you thinking about consulting exit opportunities? Let me share my experiences and the experiences of MissAngieLu in this reaction video. Learn how to know when to quit your job.
Chapters
00:00 Quitting Consulting Job at McKinsey?
02:41 Working hours in Consulting
04:42 Pressure and Anxiety
08:39 Taking a Break?
09:38 Is everything just Theory?
10:41 Arrogance and Self-centered
Original video from MissAngieLu: • Why did I choose to le...
Channel from MissAngieLu: / @missangielu
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Опубликовано:

25 июл 2024

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Комментарии : 107

@FirmLearning 2 года назад

Interested in my full course on how to create Consulting-style slide presentations? Check it out: link.firmlearning.com/slides

@pmexplore 2 года назад

Yes. More videos on how to say no. And how to positivity push back.

@pmexplore 2 года назад

I also got a recommendation to this video after watching your video. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ehT35-671IM.html Id like to see your reaction to this when he is done publishing the series on McKinsey.

@user-gy2oh8eb2t 2 года назад

Guten Abend Henrich, I am 26 and I just applied to university of Rochester’s Strategy MBA with a GMAT 710. I did not know that you were in the strategic consultancy area. I hope one day I will be like you. 🙏 happy lunar new year!

@KleinmeisterPang 2 года назад

I would love to see a video on this "pushing back" methods,.. anyways nice video, I also saw it couple of days & nice that you give her some reach. Very good that I live 5 min. away from airport (by bus) :-)

@scfan7231 2 года назад

Ich auch!

@ostricalungimirante 2 года назад

Me too!

@ajb229 2 года назад

Good video idea!

@bengodgundam 2 года назад

Agree!!! I am starting my work at BCG soon and I would love to know some tips to get the start right

@chlastek13 2 года назад

Can’t wait for pushback methods video. Considering a standard 3 member consulting team, if they would consistently put limits on their daily deliverables it significantly reduces stress and increases WL balance together with the quality of their work. The way of working needs to be simply communicated properly at the initial meetings.

@FirmLearning 2 года назад

Original video from MissAngieLu: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-llUm2gTD8aw.html Channel from MissAngieLu: ru-vid.com/show-UCdjA__qIAVxVaqKrFSAXd1w

@lolzorkont 2 года назад

Think you are missing the fact that you are from Germany and she is from the USA. I myself am from the Netherlands and cultural differences might be a factor. For instance people from the USA are on average more "cocky/arrogant" than people from Denmark or Sweden for sure. So this might be why she experienced this more in consultancy in USA than you in Germany.

@christoff924 2 года назад

Love this video! All of these points are 100% accurate and worth thinking through before joining, with one exception-my firm (one of the MBB) has moved to hybrid ways of working since the pandemic but it’s very case dependent. This has made the work much more sustainable :) Pushing back is key-I found it so much easier to manage starting with my first case as a PL/EM last year. It takes a couple of years to get your bearings but really worth it for 2-5 years as a career accelerator, or more if it works for your life

@kastellan1324 2 года назад

Great video Heinrich! You have such a calm and patient way of explaining, makes it really enjoyable to watch as well as educational.

@raphaeldanielmarcelmarc9069 2 года назад

super insightful as always thanks, Heinrich

@imoshh 2 года назад

thanks very much for another very insightful video! I would be pretty curious about learning how to get better in so called "pushing back" in the right way when asked to prioritise every other task

@maxistein2947 2 года назад

Thank you so much for sharing your honest experiences its very helpful!

@andrefurlanetto6013 2 года назад

It's funny how consulting firms seems all the same. While watching your videos, I relate to many things and many things you say make 100% sense. On the other hand, I saw the video you're reacting to before you release your impressions and I could relate as well. I work for a consulting firm in Brazil and we're very often understaffed and everything is a priority. I remember past june that I went to Portugal for vacation and I was at a car rental company and there was a girl from another consulting firm with her laptop, working nonstop in line, while sitting or standing up, while actually signing papers for renting the car. She finally stored her laptop only when she actually needed to drive, but then she asked her husband/boyfriend to take over the wheel and kept working. She was clearly on "day off" because they had quite a few bags and even a kid or at least I would assume so. I'm looking forward to see how consulting firms will deal with this new hybrid work system.

@shaditraboulsi3446 2 года назад

Hi Heinrich. I find the content of your channel very interesting. Everyone knows how Consulting job at MBBs is stressful. And this shows that three is a big need to understand what tips work to reduce the stress, especially when it come to shortening presence times (for example to be more with family). I have not seen anyone who covered such a content, and this would be very useful for many of your followers and youtube viewers. Could you please make a video on that?! I believe it is very much needed. e.g. What is optional to attend (E.g. team dinners, ...)? How to better manage time in a work day, so that you can work less in the evening (and be more with your family)? How to deal with personal appointments? Pusing back methods!

@igordaohw 2 года назад

Very insightful! Noch einmail vielen dank, Heinrich.

@FirmLearning 2 года назад

Thanks Igor, appreciate it. Liebe Grüße! Heinrich

@yunush 2 года назад

Another awesome video about the personal insight and intel into the high pressure consulting environment. Thanks for sharing your own perspective in relation to hers..

@FirmLearning 2 года назад

Thanks for the comment - great to hear the video is helpful. All the best to you! Heinrich

@DingBatDaniel 2 года назад

Please Heinrich, video about how to put limits at work. Have experienced this myself and have not dealt with it in the best way. Much appreciated

@vipulballupet8829 2 года назад

Yes please we need some tips and tricks to handle the panic attack and anxiety. It would be great!! 👍

@natpaler883 2 года назад

My tip would be get out of that work environment, take it as a clear „help“ sign that your body is telling you. It’ll only get worse with time.

@thomasreiter2367 2 года назад

You seem like a very honest and very sane and healthy individual in every respect

@FirmLearning 2 года назад

Thanks for your kind comment Thomas, appreciate it! Best, Heinrich

@z1google814 2 года назад

Nice video, Heinrich. I would like to know how you get along with so less sleep. I for example am able to work 12-14 hours per day for a certain amount of time but I‘m not able to cut off on sleep. If I don‘t get at least 6 hours I‘m really crushed. How did you do that? (PS: no coffee drinker) If you - and others - think it would make an interesting video this topic would be really interesting! Of course if there isn‘t already one that I oversaw….

@kaiyuan2893 2 года назад

Heinrich, a video on tips and tricks on how to better manage expectations and push back whilst still remaining a top performer please!

@cestemilie4680 2 года назад

would love to hear that too!

@TobiasDDekker 2 года назад

I think all of this has a very high “it depends” factor. I had quite a different experience over the last 5 years. Of course I had a project where I worked till midnight and 1 or 2 nights till 1 am, however that was just 8 weeks in my total 5 years. After this project ended I had so many calls with the Partner where they apologized because they didn’t see what was happening on the ground to us. It might benefit that I started in Amsterdam and I learned how to push back, but I actually have had great experiences. Eg now I’m in South East Asia with my wife for a 6 month transfer. We’re enjoying our time here and I can go to gym 3 times during the work week for 90 minutes and go to bed every day between 10:30 pm and midnight.

@MosesOpere Год назад

Waiting for the pushback methods video as well.

@tjed2072 2 года назад

There is a lot of truth in what she said however the variability in one's experience is so high. I experienced 10pm nights every night but my colleague copped 1ams for like 7months. Completely depends on the jobs you get on.

@andresacevedo3012 2 года назад

Learning to subtly "push back" would be a great video. I very much need some advice on this otherwise I'm going to continue aging 3 years every 365 days.

@mschr2880 2 года назад

Peter Thiel once described the Manhatten law firm that he had worked for as one of those strange places which from the outside everyone wanted to get into and on the inside everybody wanted to leave.

@ivanalcazar9060 Год назад

Hey Heinrich! I'm an incoming MBB consultant and I would love to hear about your experiences & strategies for managing work expectations coming into the firm!

@AshishRaj-zv8nc 2 года назад

how does adding an extra team member not reduce working hours for everyone in the same group? Assuming the additional team member is a contributing member.

@jazminmartin9372 2 года назад

Please videos about tips and tricks for pushing back requests :)

@ajb229 2 года назад

I didn’t get an interview there but perhaps I had a lucky escape :)

@ellobo4290 2 года назад

Hi Heinrich, you introduce yourself as a strategy consultant. Do you mind elaborating on the difference between a management and strategy consultant? I know there are a lot of jokes going around "McKinsey finished the strategy, someone call Deloitte for implementation" - how much trust is there in that? Does McKinsey (or better MBB) only do strategy consulting so develop the strategy and "just" that? No business operations or data analytics or anything like that? Thank you!

@francopieracci2113 2 года назад

Sometimes it is the Client that, through the scope of work, requires just the Strategy development (and not the implementation).

@ellobo4290 2 года назад

@@francopieracci2113 Obviously. But that's not the question.

@elmirg 2 года назад

MBB does everything nowdays - strategy, ops, digital, analytics, implementation.

@rayvinjamuri3913 2 года назад

To my knowledge, management and strategy consulting are used interchangeably and mean the same thing. Also, for most of the last 10 years, MBB has been building out their practices in a variety of areas including data analytics, digital, implementation, etc.

@riboch2527 2 года назад

I am curious: now that you have a real job in a real company and that you are fully responsible and accountable for the decisions you take, doesn't it look all damn much more complex than working at McKinsey?

@genkihadouken 2 года назад

Investors dollars is much more interesting rather than career at McK. Never regret my decision.

@lolli8914 Год назад

Please tell us how can we push back and say no for some of the extra work

@GT-tj1qg 2 года назад

7:00 "dissociate yourself" Nah I'm sorry but if you have to dissociate to cope, then you are being abused

@insightfulconversations4700 2 года назад

Pls do add the add the video on " How to push back gently" and say No to somethings

@user-ii7zb3yg4e 2 года назад

Excluding upper management position, with similar working hours and intensity one can arguably earn 1.2-1.5 times what one earns in McKinsey Blind loyalty to a company must be avoided at all cost

@PayneMaximus 2 года назад

Why did you leave McKinsey, Heinrich? I haven't found any videos where you talked about it.

@jaimesmith1086 Год назад

would love to know this too

@TheEnrique1206 2 года назад

I think the personality of your team has to do so much with cultural(company & regional). I worked with a firm based out of Austria and everyone was very humble as Heinrich mentioned. However now I work for an American firm and its clear that people are more self centered. The differences in etiquette shows during dinners.

@FirmLearning 2 года назад

There might be cultural differences, yes. Personally did not notice this during my time in consulting though, also with colleagues from other regions. Best! Heinrich

@lolzorkont 2 года назад

I just posted a comment nearly similar lol

@DJ-yc5qk 2 года назад

The ridiculous thing about her statements is that if you think going to a start up company is any better then you will get weeded out there even quicker than at a consulting company. They don’t they don’t have time for a ton of strategist when they are surviving with only 6 to 12 months of runway. I’ve been at software start ups the last decade and the people who could never hack it were always the people who came from consulting groups who were super smart but had very little operational experience to get the work done by leading a team.

@gordielachance2757 2 года назад

I used to work as a SAP Consultant doing Implementations and also some developing. 80k € , almost stress free and i really enjoyed the work creating something with my own skills. To further enhance my Management skills i chose to become a project leader and now i do indeed enhance my peoples and organisation skills but it is so annoying to be in all those meetings and depend on the contribution of others instead of doing it by myself. So I definitly will go back to IT Consulting, for me it s way more fullfilling and the extra money is definitly just Schmerzensgeld. Nobody in the management seems to enjoy his work. But i guess in the end it s a personality question.

@jurgen129 2 года назад

My personal experience is that IT Consulting is very different although there is some overlap in the required customer facing skills. Perks and career options are very different too

@MrMarcos635 2 года назад

IT consulting is much more interesting and valuable to the companies, better than run math models to sales forecast

@leonidas7692 Месяц назад

Why don’t consulting firms just slow down enough to let their consultants catch up? So what if the deliverables are a week later than promised? Why even commit to dates when the amount of analysis required to competently answer the research questions would hardly be well understood in the early phases of the project. My thinking is that the feedback cycle should be shorter and low fidelity in the beginning of the project and then get longer towards the end with deliverables becoming more stable and polished. Importantly, co-owned with the client partner roles. The value of a consultant is not diminished in this model in my opinion. On the contrary, thought partnering with the client in the early stages, especially when uncertainty is high, can be a powerful way of engaging.

@klaus3884 2 года назад

Great video Heinrich, as always. Thank you! For all those who want to implement and build apps/systems etc., why not joining one of the big 4? At KPMG, we do both. The stratigic consulting, as well as the implementation. However, the strategy consulting here is not the same as at McKinsey.

@minanihad9872 2 года назад

Hey Klaus, I would like to ask about the pharmaceutical industry at KPMG, are they really involved?

@klaus3884 2 года назад

@@minanihad9872 unfortunately I'm not working in that area, but I'm sure that KPMG is involved there as well. Always depends on your location.

@LLNB2196 2 года назад

Oh hell no, I once wanted to join a MBB consulting firm but I think after so many insights I got about them, I think I'll pass. That sounds too toxic. You need to be really brainwashed to work for MBB Firms. Also, I think people should understand that MBB firms are NOT that special.

@gulucukneshe 2 года назад

In my consulting company, work day should be ended at 7.00pm. And i left every day ay 7.00pm. But my shef and other managers were very unsatishfied and very angry to me, they thought i worked from 10.00am to 7.00pm,was not enough.

@MarcusHalberstramVP 10 месяцев назад

Sigma move.

@akshaypai2096 2 года назад

It would be great if you could show right way of pushing back

@FirmLearning 2 года назад

Hi Akshay, thanks might indeed pick this up in future videos! Best, Heinrich

@siddarth521 2 года назад

Hi, I would love to know the average salary of a Solution Analyst with 4 years experience at Mckinsey Lisbon.

@FirmLearning 2 года назад

Hi! Hmm that is very specific, can not provide a number for this I am afraid.

@siddarth521 2 года назад

@@FirmLearning Any suggestions of how much could I quote with a masters degree and 4 years of research experience in Lisbon?

@jurgen129 2 года назад

Like your comments, especially since this lady seems to be a special character and I think it's great how neutral you stayed. A video with your perspective not just on how to push back, but in general how to stay cool, prioritize for yourself, attitude on who owns your time/life would be very interesting.

@juliansihite1289 2 года назад

My question will be so offensive... Why did you guys resign and creating your own business and "real product" ? (You guys are consultant right?) Resigning from consulting company and starting your own business by creating real product --> It's like saying that consulting is useless indirectly :D *Don't take it otherwise :) (I'm consultant also)

@YasinNabi 2 года назад

IF YOU ARE SLEEPING ON WEEKENDS, YOU ARE LOST !

@huaweihonor7714 2 года назад

2x playback speed = 2x anxiety, you guys are going to have a mental breakdownnn

@Dr.Choci.Karriere 10 месяцев назад

Will never understand why people do such jobs. Just killing their own health thinking they would be „highperfomer“.

@FirmLearning 10 месяцев назад

The hours can definitely be tough. Most people are usually motivated for the learnings that such a career path offers.

@huaweihonor7714 2 года назад

5:30 so u r saying not all the work is needed for real, haha thats true

@andreacazzaniga8488 2 года назад

why the heck are you combining a hoodie with a shirt?

@FirmLearning 2 года назад

Normal outfit? :) Learned to never wear something without a collar when I was young lol (only expection being sports)

@andreacazzaniga8488 2 года назад

@@FirmLearning Yes but more or less same goes for the hoodie. Like shorts, you wouldnt wear them with long socks.. don't you?

@nabeelmerchant4836 2 года назад

This is 100% true. Jokes aside

@baskywater779 2 года назад

GREAT VIDEO, love your in-depth explanation and insight. Can you do a reaction video to this (ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ehT35-671IM.html) video about McKinsey? Would really appreciate your experienced perspective. Thanks in advance.

@FirmLearning 2 года назад

Thanks for your comment! Will also check out the other video.. Best, Heinrich

@duffystrings9680 Год назад

This sounds terrible. I just can't imagine why anyone would do this. Not worth my peace of mind. Considering moving to the mountains and becoming a monk

@cryptout 2 года назад

She sounds like she is still stressed to the max, image how she is was before a panic attack. Definitely not cut out for consulting.

@kastellan1324 2 года назад

so true :D

@her9to5life69 2 года назад

Guys, before you judge her, she's not talking that fast, her video speed was fastened by Heinrich 😉

@cryptout 2 года назад

@@her9to5life69 ahh did not catch that sorry

@CompletedReview 2 года назад

If only she had watched Firm Learning before starting. She could have known beforehand and avoided the poor fit altogether!

@onur1243 2 года назад

Why are you always smiling?

@jaimesmith1086 Год назад

Maybe fake smile

@felixm3646 2 года назад

Funny being resistant to Stress and then locking yourself away for 15min in the toilet. Btw no one should get into this Situation

@FirmLearning 2 года назад

It’s always a spectrum. Surely I am not immune to it. Others might be even more sensible. Agree that ideally this does not happen.

@chrismountbatton5260 2 года назад

You did not quit. You were CTLed. You did not make the cut to become EM. Who are you trying to fool?

@FirmLearning 2 года назад

Hi Chris, talking about me or the lady? I left McKinsey in good standing. For her I do obviously not know the details, but in my experience the majority of people quit voluntarily instead of receiving a CTL / CT.