Star Ones Consulting Interview
March 7, 2021 Business
Our topic for today is focused on what it requires to face a consulting interview and ace it. We will split the topic into areas of generic interview and preparation and at a bird’s-eye view touch upon specifics of understanding what technology related interview versus process related interview.
So are you experiencing what it requires to ace a consulting interview?
While you spend time analyzing if you are ready for a consulting interview, let us look at what it requires to get ready for the interview.While a consulting interview in lots of ways may be just like a typical appointment, there are areas of the interview that grossly differs from every other job interviews.
As may be the case with every other interview, this interview would focus on the interviewer asking you to explain something about yourself, your experience in the consulting industry. If you may not have any experience in consulting, there is a high probability that the you’d be likely to map your overall experience to consulting experience requirements. But when you may not have any experience at all, there is a high likelihood you’re not shortlisted for an interview in a consulting firm.
For experience consulting professionals this part becomes easy as whatever you do is explain your overall role and how it maps to the new role you’re seeking. Global IT Resourcing For starters, it becomes a bit more challenging to face a consulting interview. So it would help newbies to connect with consulting professionals as a part of the networking exercise ahead of presenting themselves for a consulting interview. This will help you get familiarized with the consulting industry and specifically the role of a consultant. You might best leverage networking sites and informal communications with this purpose.
Ensure you research enough about the consulting firm you’re taking the consulting interview with. Typically consulting organizations showcase case studies of their client problems and the perfect solution is they provided as a part of their case studies. They may be obtainable in brief on their website. Take some time to see and understand these case studies. It could assist you to through your consulting interview.
Indeed, it might not be a good idea to assume that these cases will be presented to you through your consulting interview. But reviewing these cases will help give you insight on what the organization is looking for.
It is also advisable for you to review their service offerings and align your experience to one of the service offerings. While it is great that you may carry some experience, it is critical that the ability maps as to the the consulting firm offers to its clients. This would definitely be tested in your consulting interview. Make certain that you take some time to understand their service offerings and convince the firm of one’s value add to the offering.
Be well prepared to resolve for an incident study. If you should be a skilled and a seasoned consultant attending a consulting interview, there is a high likelihood that you are not offered an incident study to solve.
But if you are a rookie, there is no skipping this step. Please note that through your consulting interview, the firm won’t look for you to solve the case study. It is more vital and probable that the firm will undoubtedly be examining your ability to think away from box, structured thinking, your analytical skills, your trouble solving abilities and your communication skills though the case study. Prepare for multiple case studies is critical for the consulting interview success. Check to see if you may get insights for consulting case studies from HBR magazine or others of similar nature for the consulting interview.
So how does this impact my consulting interview?
The clear answer is fairly simple if you were to think about it. Consulting spans in different forms. As always, given the boom in IT and ITES outsourcing, the demand for management consultants in the process and the technology space has been on the rise. If you should be alert to the outsoucing industry, you’d know that the most common processes that any organization would turn to outsource are its finance and accounting operations. Interesting isn’t it?
On one hand many of us think Finance and Accounting are one of the safest jobs in the world, on the other they’re the easiest to be outsourced.
So when it comes to consulting, you may be either a procedure consultant or even a technology impacted management consultant. If you should be a procedure consultant, the expectation is that you shoulder in-depth expertise and process knowledge locally of expertise. I’m sorry to disappoint all new graduates out there. But process consulting essentially requires prior experiences in the area/ domain you wish to consult in. Which means you should work the right path up the ladder from being a rookie to someone with experience in specific processes and domain to become process consultant. This will definitely be tested undoubtedly through your consulting interview. If you should be from a financing background with a consulting touch, process terms like Quote to Cash, Order to Cash also known as O2C. Procure to Pay (P2P) and Record to Report (R2R) should not be a new comer to you.
Also, if you were to think gaining some knowledge and jargon from the consulting industry will help you get through your consulting interview, you’re highly mistaken. This will only get you a poor repute on the market making you unsuitable for consulting jobs.
Another consulting arena I was hoping to the touch upon through this blog is Technology related consulting – When I state technology related consulting I’m most certainly not referring to IT consulting here. I’m referring to management consulting where firms leverage technology extensively to resolve for business problems (not IT problems but business problems). For example – leveraging business objects solution to reduce the time for you to report or employing a tax bolt on software to perform tax accrual better and releasing cash flow for better investment and reduce litigation fees.
Regardless of your consulting area, there are few things you may be assured of being tested in your consulting interview.
a) A common question in your consulting interview will be on domain and area of expertise
b) Through your consulting interview also expect questions on definition of one’s client’s problem statement and the perfect solution is delivered and your role as a consultant in delivering the solution.
I believe in today’s world, it is extremely challenging for one to be an exclusive process consultant. Technology touches our lives every day. So even although you really are a core process consultant, for me, you’d be forced to brush with technology at some point over time making you a technology related management consultant.