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CCI - Consulting Case Interview - Dump Information

Vendor : Consultant
Exam Code : CCI
Exam Name : Consulting Case Interview
Questions and Answers : 50 Q & A
Updated On : October 15, 2018
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CCI Consulting Case Interview

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CCI exam Dumps Source : Consulting Case Interview

Test Code : CCI
Test Name : Consulting Case Interview
Vendor Name : Consultant
Q&A : 50 Real Questions

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Consultant Consultant Consulting Case Interview

Quant potential Required in management Consulting Case Interviews | killexams.com Real Questions and Pass4sure dumps

this is the one among three articles in a sequence that discusses math potential in management Consulting Case Interviews, and the way you could quite simply prepare for the quantitative part of Case Interviews.

2nd article: a way to put together for the Quantitative element of Case InterviewsThird article: Why management Consulting organizations verify Math expertise in Case Interviews

what is a Case Interview?

A “Case Interview” is a selected type of interview at the beginning given to candidates making use of to Consulting positions at management Consulting corporations like McKinsey, Bain, and BCG. These enterprises are one of the vital most prestigious groups on earth, and many future company leaders have labored at these and different administration Consulting establishments. anyone interviewing at a administration Consulting firm for a consulting place can are expecting Case Interviews with a quantitative element as part of their interview manner. Former administration Consultants have in consequence taken jobs at different corporations in approach, advertising, Finance, Product administration or company construction, and have take the management Consulting-fashion Case Interview with them. Case Interviews have for this reason began to be used to consider candidates applying for jobs backyard of administration Consulting. during this sequence of articles the time period “Case Interview” refers back to the management Consulting fashion of Case Interview, despite even if they're given by way of a administration Consulting firm, or an additional company the use of the equal vogue of interview.

The Case Interviews require the interview candidate to talk about, analyze, diagnose, and ideally solve a business difficulty encountered by a corporation. These “circumstances” are always according to actual work that the management Consulting establishments has completed for a shopper. Case Interviews often have a quantitative part that requires candidates to perform quantitative analysis devoid of calculators, spreadsheets, or other electronic aids. A candidate’s efficiency within the quantitative part of the Case Interview frequently plays a significant factor in their overall assessment and resolution of whether or not to prolong an offer.

Math issues within the Context of Case Interviews

A candidate’s quant capabilities are assessed within the context of a consulting “Case Interview,” which typically represents a situation the consulting enterprise encountered when doing work for a real client. Some complications or questions frequently encountered in Case Interviews are: how a consumer can enhance gains, boost income, or enhance salary increase quotes; how a shopper can reduce fees; even if the customer may still buy one more enterprise; or what the customer’s international growth method should be. Candidates will often need to quantitatively consider different potential actions to examine which one will have the most price to the customer, which is regularly measured by means of the resulting raise in profit or valuation for a for-profit business, and different metrics for non-income or govt customers.

as an instance, the ordinary Case could focus on picking how a large multinational manufacturing enterprise might increase profits after having considered a few years of declining profits (or expanding losses). As a candidate, make sure to begin by using featuring a constitution for the areas you would like to investigate further, after which ask greater designated questions on each and every of these areas to specify what information you would like to gather. This phase of the Case Interview is intended to imitate the specific analysis you would habits as a expert if you faced this state of affairs. for example, to your structure, you could say that you'd seem to be on the distinctive products the manufacturing enterprise sells, the opponents, universal Market Dynamics, and value advice. for your more specified questions, you could find it helpful to know the salary and profit for each and every Product the company offers. You could additionally are looking to recognize income and Market share for the opponents. you could possibly ask principal and more certain questions for each and every subject on your structure. if you determine the “right” areas to investigate and ask the “right” Questions, then the interviewer will continually provide extra quantitative records and ask you to research it.

The certain class of quantitative analysis required of candidates in Case Interviews varies radically from interview to interview. You may be given numerical information and be requested to calculate metrics, where the specific mathematical operations you need to operate are distinctly clear. An instance of this category of calculation could be when you are given the expense and amount (number of devices bought) for a series of products and requested to calculate the earnings for each and every Product, which would be the rate improved by using the volume for each Product.

You might even be asked to function more complex evaluation where you need to determine the strategy, and the selected calculations required can also now not be clear. as an instance, you can be asked how the customer should still prioritize their restrained creation capability among several diverse products. you would then need to investigate the criteria you would use to prioritize the items and operate the required analysis. You might be given facts or proven graphs and asked what conclusions or insights you can draw from that information. Or, you may also now not receive any facts except you ask principally for statistics primary to the Case. once you ask the “appropriate questions” the interviewer will continually supply some counsel on the analysis they would like you to operate. Candidates are additionally commonly given charts, graphs or statistics tables and asked to interpret them.

After performing your analysis, you will usually be requested to provide suggestions for the client, and you can be asked to brain-Stormcreative easy methods to clear up the problem. eventually, you are going to always be requested to Summarize the typical problem, your research, and your “findings.”

Case move

The diagram under indicates average circulate of a customary Case Interview:

As a candidate, you may be expected to do the following in the quantitative portion of case interviews:

  • keep in mind the quant query
  • determine what guidance or statistics is valuable
  • determine if further records (beyond what has currently been given to you) is required and ask for that statistics
  • identify a way to calculate the answer
  • perform the calculation
  • Interpret the effect and develop strategies in response to the outcomes within the context of the company case
  • Weight of Quant talents in Interviews

    Quant skills are only 1 of the potential assessed in Case Interviews. As a candidate, you are evaluated to your ordinary aggregate of expertise and your perceived abilities. frequently, a candidate’s quantitative assessment incorporates 20–25% of the standard interview evaluation weight. The goal of management Consulting enterprises is to locate the set of candidates with what they understand are the top-rated set of advantage overall.

    Most businesses have a “minimum bar” for quant knowledge for their candidates, which means you are not going to acquire an offer in case you don't exceed this bar — until you are otherwise a totally exquisite candidate (reminiscent of being a Rhodes scholar). At some organisations, dramatically exceeding this “bar” does not reinforce your candidacy — this is, the quantitative assessment is binary: you either circulate the quant assessment otherwise you don’t. At different organisations, comparable to McKinsey, in case you can reveal very potent quantitative talents it'll differentiate you from different candidates. The quant problems from these businesses may also be more complex, which enables candidates with powerful quant capabilities to entirely display their capacity. The corollary is that, for some very complex quant problems, you don’t deserve to appropriately remedy the entire accessories to get hold of a proposal.

    The relative importance of quantitative abilities within the Case Interview varies with the aid of firm, office and the particular person interviewer. as an instance, if you are interviewing with a Consulting firm associate who has a PhD in a really quantitative container like utilized mathematics or Physics, they may additionally ask more challenging quant questions and area a more advantageous emphasis on quant skills in their interviews. McKinsey, in selected, places more emphasis on quant advantage than other organisations, and, as outlined in the past, demonstrating extremely good quant advantage can vastly give a boost to your candidacy at McKinsey.

    Given the colossal weighting of 20–25% that quant abilities have in Consulting interviews — and the quant “minimal bar” at most Consulting organisations — you can certainly sink your chances of receiving a suggestion in case you operate poorly within the quant element of the interview.

    No Calculators Allowed in Case Interviews

    Be conscious that, in Case Interviews, you can not use calculators or spreadsheets. your entire calculations must be achieved with pen and paper, or mentally.

    There are a number of causes calculations have to be refrained from calculators or spreadsheets. First, the management Consulting enterprises need their Consultants to be comfortable with numbers and don’t want employees to rely on calculators for fundamental calculations. additionally, customers pay a significant sum of money to rent management Consultants, and the Consulting companies would lose credibility if their consultants make blunders when doing intellectual or pen-and-paper calculations in meetings.

    Math abilities Required in Case Interviews illustration Quantitative Case Interview problems query classification 1: wreck-even analysis

    a very general type of quantitative Case Interview issue is a ruin-even analysis, where you are given some fiscal suggestions on a proposed project and requested to calculate how many units should be offered with the intention to “ruin Even,” or recoup the initial investment. under is a sample ruin-even evaluation difficulty:

    QuestionYour customer is evaluating whether to open a few MRI scanning clinics. each proposed MRI hospital would have two MRI machines, two Technicians and two Radiologists. The table under shows the annual charge for a single unit of each line merchandise required to operate a medical institution. each MRI scan would generate $420 in earnings and will have $70 of costs for consumables, that are objects which are consumed within the scanning procedure.

    how many MRI scans would a health center deserve to function yearly so as to destroy Even on the charges of operating a sanatorium? are trying to solve this and not using a calculator or spreadsheet.

    MRI Scanning health center prices

    when you are having drawback with this calculation, examine beneath for a touch


    The Science Careers guide to consulting careers for Ph.D. scientists | killexams.com Real Questions and Pass4sure dumps

    management consulting, a profession wherein generalist difficulty solvers support businesses remedy their enterprise complications, is one in every of a large handful of choice careers that scientists with advanced degrees have lengthy regarded—and it’s still going powerful. “we now have employed hundreds of Ph.D.s through the years, and we proceed to look superior levels—those with J.D.s, M.D.s, and Ph.D.s—as a crucial ability pool with a view to account for 20% of our new consultant hires relocating ahead,” says Ryan Bennett, a foremost and head of the advanced-diploma candidate recruiting crew of the Boston Consulting group (BCG) in Chicago, Illinois.

    “Candidates with a Ph.D. have all of the expertise to be superb consultants,” says Bennett, who earned a Ph.D. in chemical engineering from the Massachusetts Institute of know-how. Consulting is that rare, nontraditional profession that doesn’t require much additional training—and the additional practising it truly is required is always provided through the firm that hires you, a rarity in an period of corporation charge reducing and pinpoint hiring.

    Case-interview questions probe how smartly candidates consider on their toes and even if they can include ambiguity—which is what consultants do daily.

    if you happen to be searching for a consulting career, and if you do, are you prone to get a suggestion? It depends on what you’re hunting for, and additionally on what you’re decent at.

    The consulting business

    Many americans have heard handiest concerning the oldest and largest organisations, but there are lots of businesses in the consulting business, in a wide range of sizes. In administration Consulting: an entire ebook to the trade, Sugata Biswas and Daryl Twitchell classify consulting businesses in a number of different ways. firms are segmented by way of the industries they serve: health care, retail, pharmaceutical, or power, as an example. Boutique businesses focus on a selected trade or a small subset of industries, while giant corporations have broader portfolios. Consultants inside higher establishments will always specialize. Entry-level consultants, including at the Ph.D. stage, are usually employed by means of bigger companies, as a result of they have got the most substances obtainable for training.

    It’s regular for consultants to move to smaller boutique establishments after a few years of labor. big companies sometimes have their own inside consulting groups, which work in the company strategic planning division or the enterprise-building community.

    Are you qualified?

    It doesn’t count number all that a good deal what your Ph.D. is in—the vital element is the analytical approach you bring, writes Brian Rolfes, accomplice and director of international recruiting at McKinsey & business, in an email. “That observed,” Rolfes adds, “we are delighted when new hires have certain domain abilities that is relevant to our consumers. people with training in electrical engineering may be acceptable to serve high-tech valued clientele just like the telecom trade. And in our healthcare work we have many individuals with biology, genetics, bioengineering or organic chemistry backgrounds, together with a very good variety of M.D.s.” Quantitative evaluation skills are in particular appealing. To be a powerful candidate for a specialist job, a scientist should still also be valuable on teams, have incredible communication advantage, and be in a position to aspect to a listing of creating a difference interior and out of doors the lab.

    One factor that isn’t required—exceedingly—is enterprise knowledge. Most Ph.D. consultants do should study business potential, ideas, and terminology, Bennett says, but that problem is directly overcome via the training that consulting establishments give their entry-degree recruits.

    salary

    consultant salaries span a big range. Consultants who work in companies that serve nonprofits, as an example, always make lower than these at prestigious international organizations. in keeping with the website GlassDoor.com, a junior consultant employed with the aid of BCG in the u.s.—most fresh Ph.D.s enter at this degree—can expect to acquire a beginning salary of $one hundred fifteen,000 to $one hundred forty five,000 annually. An entry-stage affiliate with a grasp’s degree can are expecting to birth at $fifty eight,000 to $80,000.

    commute

    One stereotype about administration consultants is that they are living out of their suitcases. Is it genuine? sure, consultants do trip, however the quantity of shuttle varies from assignment to task and job to job. On-website consultants are prone to be faraway from home for tons of the week when on task—spending, say, Monday via Thursday on the customer site. Off-site consultants work in particular from their personal places of work, traveling consumers best every now and then.

    Hours and intensity

    an additional stereotype about consultants is that they work lengthy hours. This stereotype is largely true; there’s variation right here, too, however our sources say that 60-plus-hour weeks are the norm. while that quantity may additionally leave many graduate students unfazed—they’re used to working late and on weekends—consulting work’s regular deadlines and way of life of steady remarks can make the work more annoying than many graduate laboratories.

    Don’t anticipate, though, that consulting careers aren’t family unit-pleasant. Many organisations have programs in location that purpose to support working fogeys. Consulting businesses are very smartly represented on probably the most fresh checklist of a hundred ultimate corporations to work for from Working mother journal. each BCG and McKinsey & business made the record.

    Getting hired

    The alternative process at most organizations is terribly competitive. at the coronary heart of the procedure is the case interview, which has add-ons of an everyday interview and points of the case-look at formulation used at many enterprise faculties. Candidates are requested a question designed to check their capacity to break down a problem, believe it via in a structured manner, and determine a solution. Case questions come in all flavors: “How much does a Boeing 747 weigh?” “Why do the palms of a clock turn clockwise?” “How can a company it's losing money flip issues around?” Interviewees are anticipated to work toward a solution by asking observe-up questions, articulating their assumptions, and reasoning their solution to a solution. There is not any choicest strategy to answering a case query, and continually there’s no single right reply.

    Case-interview questions probe how smartly candidates believe on their feet and no matter if they could embrace ambiguity—which is what consultants do every day. “Consultants are sometimes expected to be experts in every little thing they work on, but in reality, good consultants recognize the way to ask questions, discover and compile information, and synthesize unstructured assistance into insights that are purposeful and significant to their consumers,” says Twitchell, who's additionally managing director of Silver Ridge Advisors, which has workplaces in ny, Boston, Washington, D.C., and la. 

    whereas graduates with M.B.As—the ordinary degree for management consultants—are more likely to have used the case system in business school, it may possibly now not be as widely wide-spread to Ph.D. graduates. It makes sense, then, for them to examine the layout and observe answering—both to prepare for interviews and to peer if they’re more likely to benefit from the work, as a result of here's the kind of work they’ll be doing if they’re hired. See below for a listing of resources.

    Case analyze: Liza Shoenfeld

    now not plenty greater than a yr ago, Liza Shoenfeld was writing about nontraditional science careers as the creator of the Branching features blog. She created the blog when she became a graduate scholar in neuroscience on the university of Washington in Seattle, weighing her personal profession alternate options.

    credit: Ashley Corbin-Telch photography

    As she tried to decide on her subsequent career flow, Shoenfeld took inventory of what she favored about working in science. She favored fixing problems. She preferred asking enjoyable questions, formulating a plan to discover solutions. She appreciated working with sensible americans. She wanted a profession that integrated these points.

    For close to a yr, Shoenfeld labored for a huge consulting firm with a health care focal point. Her tasks had been faraway from her neuroscience heritage—she handled projects in urology, dermatology, and different branches of medical medication—so she had lots of studying to do.  She pored over company stories, interviewed stakeholders, and synthesized her findings into PowerPoint presentations for clients. Her favorite points of the work are the diversity of projects, the possibility to work with smart americans from distinctive backgrounds, and the intellectual stimulation, Shoenfeld says. Her domain advantage became less useful, she says, than her skill to feel scientifically.

    The transition changed into challenging. a great deal of the company terminology became unfamiliar in the beginning. She had to adapt to a tempo much faster than what she was used to in academia. as a substitute of exhaustive searches, she did productive ones, yielding significant, actionable aspects for consumers. In displays, she learned to center of attention on takeaways and insights and miss the part about how she arrived at her conclusions.

    Shoenfeld didn’t ought to go back and forth a great deal. customarily, she visited the client site for the kickoff meeting, intervening time meetings, and the closing assembly where she delivered the findings. every so often, she worked on a venture that required extra standard conferences, but in all these situations the client company become close by, requiring nothing more than a short instruct trip.

    Ten-hour days have been fairly commonplace, with 1 to four extra hours on some weekends, she says. all over crunch time, always the last week of a 2 to three-month challenge, longer days—including longer weekend days—were typical.

    Shoenfeld currently authorized a new position in her place of origin—Seattle, Washington—at a boutique approach-consulting company serving health care and nonprofit clients.  

    Case look at:  Josh Kellar Courtesy of Josh Kellar and the Boston Consulting community

    Josh Kellar, who currently is a mission chief with BCG in Chicago, Illinois, did a Ph.D. and a postdoc in materials science and engineering at Northwestern college. His graduate research on carbon nanotubes become wonderful, he says, however the slim specialization of an academic profession didn’t go well with him. He become attempting to find a career that could supply him new the right way to engage with the realm, remedy problems that be counted, and produce a tangible, immediate have an effect on.

    Kellar joined BCG in 2011. One primary skill he had developed as a scientist served him well at the new job: formulating hypotheses and trying out them against facts. but at BCG, he deploys this skill below very diverse situations: As a scientist, he spent his days solving tricky and ambiguous issues. As a consultant, he is doing lots the identical aspect, however now he’s doing it beneath basically tight time limits. Kellar has loved consulting’s collegiality, and he finds the work energizing, however the compressed time frame took some getting used to.

    To support contend with the time constraints, Kellar discovered to delegate—and at BCG there are americans to delegate to. He has access to a personnel of researchers who scour the literature and music down information. different BCG personnel helped him polish displays. workforce assistance frees him up to dedicate most of his time to his core accountability: realizing and fixing customers’ issues.

    Kellar spent a year working with valued clientele in diverse industries, some thing like lab rotations in the business world. Then, despite his materials science historical past, he settled in to a health care focus. His valued clientele include pharmaceutical organizations, health insurers, and academic clinical facilities. some of the instances he works are technical and require intensive engagement with scientists and the research literature. He likes that his work continues him near science and allows him to impact societal complications—exactly what he became trying to find when he left the bench.

    Kellar doesn’t downplay the demands of his job, the lengthy hours and shuttle, but he does offer suggestions on the way to contend with these demands. “the most important component that I've discovered is to establish clear boundaries and keep on with them,” he says. “for example, after the delivery of my son, I made it a precedence to put him to bed every time i was in Chicago. So I depart the office at 5 p.m., and if there's extra work to be done, I decide on it lower back up after 8 p.m.”  concepts like that make the job sustainable. “It isn't about the raw number of hours I work, however when and how I work, and ensuring work would not interfere with the issues I cost most.”


    In peculiar move, state employs jury advisor | killexams.com Real Questions and Pass4sure dumps

    November eleven, 2009|by way of Annie Linskey and Julie Bykowicz | Baltimore sun journalists

    The Maryland State Prosecutor enlisted a non-public advisor to assist select the jury so that it will weigh the theft prices towards Baltimore Mayor Sheila Dixon, a potentially expensive movement it is bizarre for prosecutors in crook circumstances.

    Ronald Matlon, a well-known trial advisor and former Towson college professor, assisted prosecutors in the courtroom all through both-day jury option process that ended Tuesday, State Prosecutor Robert A. Rohrbaugh noted. Rohrbaugh would not divulge Matlon's charges or say how long the advisor has been involved with the case. Matlon declined to speak with newshounds this week, saying he become prompt not to say anything else publicly.

    although prosecutors have historically avoided consultants - general by means of criminal defense lawyers and in excessive-stakes civil trials - that angle is changing, mainly for essentially the most seen cases, which can be received or misplaced in response to the composition of the jury, legal consultants said.

    "i will see why they would wish to do it in this variety of case," referred to David Irwin, a former federal prosecutor. "She's a favored mayor. She's a lady. She's an African-American. There are a lot of different factors within the equation."

    Consultants can also be high priced, charging hourly fees corresponding to these earned by way of protection attorneys. And their use can create an impression that the state is attempting to stack a jury in opposition t a defendant, specialists noted.

    "You need to convict someone reasonable and rectangular," observed Valarie Hans, a Cornell institution legislation school professor and jury professional. "You do not want people thinking it is as a result of they had been capable of use a jury advisor who might see in the darkest recesses of someone's intellect."

    Richard Gabriel, president of decision evaluation, a l. a.-based mostly consulting firm, spoke of starting to be numbers of prosecutors are turning to such services. After prosecutors "have spent a lot of money" bringing a case to trial, "they desire a degree of sure bet" as soon as courtroom court cases get under way, he spoke of.

    A former federal prosecutor from Sir Bernard Law County, Rohrbaugh has not tried many instances before Baltimore juries, and Dixon's is possibly essentially the most high-profile of his five-12 months tenure in his current submit.

    while he has secured 5 responsible pleas in his very nearly 4-year investigation of city corridor spending, no jury option turned into concerned in those cases.

    it is doubtful how involved Matlon has been within the Dixon case, and whether he will continue as a specialist now that the jury - composed of 9 women and three guys, a majority of whom are black - has been chosen. In court this week, he stood at the bench with the prosecutors, listening closely to the one-on-one interviews with jurors. He leafed through stacks of jury questionnaires with the state's legal professionals.

    but consultants can do a lot of their work months before a case goes to courtroom, helping to put on mock trials, designing jury surveys and developing fashions of an excellent juror.

    After a pool of knowledge jurors completes surveys, consultants analyze the effects and in some situations mine statistics looking for criminal information or scour fb and other social networking websites for insights about a jurors' preferences and opinions.

    In Baltimore, legal professionals receive the name, age, occupation and ZIP code of all viable jurors, enough to birth in-depth checks.

    Dixon's seven-member protection crew does not have a trial consultant in courtroom. Arnold M. Weiner, her lead lawyer, declined to claim no matter if the defense is the usage of consultants.

    Three protection legal professionals on the mayor's team have spent the past two days getting into what appears to be information from the jury questionnaires into laptops.

    Jury specialists mentioned that there's application attainable that can serve a feature akin to that of a consultant. The classes use tips from jury questionnaires to assess who within the pool could be greater more likely to vote to convict.

    charges for consultants "run the gamut," referred to Steve Levin, a Baltimore defense lawyer.

    Some consultants bill about $200 per hour.Maryland's state prosecutor's workplace - made of 4 prosecutors, three investigators and a few aid workforce - has $38,500 attainable for investigative and prevalent office expenses, based on the state price range.


    CCI Consulting Case Interview

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    Consulting Case Interview

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    Vault Guide to the Case Interview, 8th Edition | killexams.com real questions and Pass4sure dumps

    by Laurence Shatkin, Mark Asher, Eric Chung, and the Staff of Vault Publication Date: 2015

    Case interviews are a crucial part of the hiring process in the consulting industry. Designed to test an applicant's knowledge of business and financial models, their ability to think fast, and sometimes even how well they work as part of a team, the case interview can be a grueling experience. The Vault Guide to the Case Interview, Eighth Edition is packed with information to help job-seekers prepare for these interviews. It provides an inside perspective on what recruiters and interviewers expect from candidates as well as the key business frameworks, sample cases, guesstimates, and brainteasers likely to come up in an interview.

    Included here are more than 50 sample case interviews, guesstimates, brainteasers, and other consulting interview cases as well as advice on questions to ask the interviewer. The guide covers frameworks such as Porter's Five Forces, the capital asset pricing model (CAPM), the BCG Matrix, the four Ps, the four Cs, and CAGE distance. Success in a case interview means being prepared for any possible scenario or challenge, and this concise guide contains all the information you need to hone your interview skills.

    Neil A. Hamilton holds a B.A. and an M.A. in history from the University of Miami and a Ph.D. in American history from the University of Tennessee. He is professor emeritus of history at Spring Hill College in Mobile, Alabama. Hamilton is also a member of the Authors Guild and the Organization of American Historians.

    Ian C. Friedman holds a B.A. in history from the University of Michigan and an Ed.M. in teaching and curriculum in the field of history from Harvard University. He is the author of Education Reform in Facts On File's Library in a Book series.


    The Science Careers guide to consulting careers for Ph.D. scientists | killexams.com real questions and Pass4sure dumps

    Management consulting, a career in which generalist problem solvers help companies solve their business problems, is one of a large handful of alternative careers that scientists with advanced degrees have long considered—and it’s still going strong. “We have hired hundreds of Ph.D.s over the years, and we continue to see advanced degrees—those with J.D.s, M.D.s, and Ph.D.s—as a critical talent pool that will account for 20% of our new consultant hires moving forward,” says Ryan Bennett, a principal and head of the advanced-degree candidate recruiting team of the Boston Consulting Group (BCG) in Chicago, Illinois.

    “Candidates with a Ph.D. have all the skills to be excellent consultants,” says Bennett, who earned a Ph.D. in chemical engineering from the Massachusetts Institute of Technology. Consulting is that rare, nontraditional career that doesn’t require much additional training—and the additional training that is required is usually provided by the firm that hires you, a rarity in an era of employer cost cutting and pinpoint hiring.

    Case-interview questions probe how well candidates think on their feet and whether they can embrace ambiguity—which is what consultants do every day.

    Should you be seeking a consulting career, and if you do, are you likely to get an offer? It depends on what you’re looking for, and also on what you’re good at.

    The consulting industry

    Many people have heard only about the oldest and largest firms, but there are many firms in the consulting industry, in a wide range of sizes. In Management Consulting: A Complete Guide to the Industry, Sugata Biswas and Daryl Twitchell classify consulting firms in a few different ways. Firms are segmented by the industries they serve: health care, retail, pharmaceutical, or energy, for example. Boutique firms specialize in a particular industry or a small subset of industries, while large firms have broader portfolios. Consultants within larger firms will usually specialize. Entry-level consultants, including at the Ph.D. level, tend to be hired by larger firms, because they have the most resources available for training.

    It’s common for consultants to move to smaller boutique firms after a few years of work. Large companies sometimes have their own internal consulting teams, which work in the corporate strategic planning division or the business-development group.

    Are you qualified?

    It doesn’t matter all that much what your Ph.D. is in—the important thing is the analytical approach you bring, writes Brian Rolfes, partner and director of global recruiting at McKinsey & Company, in an e-mail. “That said,” Rolfes adds, “we are delighted when new hires have specific domain knowledge that is relevant to our clients. People with training in electrical engineering may be suited to serve high-tech clients like the telecom industry. And in our healthcare work we have many people with biology, genetics, bioengineering or organic chemistry backgrounds, including a good number of M.D.s.” Quantitative analysis skills are especially desirable. To be a strong candidate for a consultant job, a scientist should also be effective on teams, have great communication skills, and be able to point to a record of making a difference inside and outside the lab.

    One thing that isn’t required—surprisingly—is business knowledge. Most Ph.D. consultants do need to learn business skills, concepts, and terminology, Bennett says, but that challenge is quickly overcome by the training that consulting firms provide their entry-level recruits.

    Salary

    Consultant salaries span a wide range. Consultants who work in firms that serve nonprofits, for instance, usually make less than those at prestigious global firms. According to the website GlassDoor.com, a junior consultant hired by BCG in the United States—most fresh Ph.D.s enter at this level—can expect to receive a starting salary of $115,000 to $145,000 annually. An entry-level associate with a master’s degree can expect to start at $58,000 to $80,000.

    Travel

    One stereotype about management consultants is that they live out of their suitcases. Is it true? Yes, consultants do travel, but the amount of travel varies from project to project and job to job. On-site consultants are likely to be away from home for much of the week when on assignment—spending, say, Monday through Thursday at the client site. Off-site consultants work mainly from their own offices, visiting clients only occasionally.

    Hours and intensity

    Another stereotype about consultants is that they work long hours. This stereotype is largely true; there’s variation here, too, but our sources say that 60-plus-hour weeks are the norm. While that number may leave many graduate students unfazed—they’re used to working late and on weekends—consulting work’s constant deadlines and culture of constant feedback can make the work more stressful than many graduate laboratories.

    Don’t assume, though, that consulting careers aren’t family-friendly. Many firms have programs in place that aim to assist working parents. Consulting firms are very well represented on the most recent list of 100 best companies to work for from Working Mother magazine. Both BCG and McKinsey & Company made the list.

    Getting hired

    The selection process at most firms is very competitive. At the heart of the process is the case interview, which has components of a regular interview and aspects of the case-study method used at many business schools. Candidates are asked a question designed to test their ability to break down a problem, think it through in a structured way, and work out a solution. Case questions come in all flavors: “How much does a Boeing 747 weigh?” “Why do the hands of a clock turn clockwise?” “How can a company that is losing money turn things around?” Interviewees are expected to work toward an answer by asking follow-up questions, articulating their assumptions, and reasoning their way to an answer. There is no best approach to answering a case question, and usually there’s no single right answer.

    Case-interview questions probe how well candidates think on their feet and whether they can embrace ambiguity—which is what consultants do every day. “Consultants are often expected to be experts in everything they work on, but in reality, good consultants know how to ask questions, find and collect data, and synthesize unstructured information into insights that are practical and meaningful to their clients,” says Twitchell, who is also managing director of Silver Ridge Advisors, which has offices in New York, Boston, Washington, D.C., and Los Angeles. 

    While graduates with M.B.As—the traditional degree for management consultants—are likely to have used the case method in business school, it may not be as familiar to Ph.D. graduates. It makes sense, then, for them to study the format and practice answering—both to prepare for interviews and to see if they’re likely to enjoy the work, because this is the sort of work they’ll be doing if they’re hired. See below for a list of resources.

    Case study: Liza Shoenfeld

    Not much more than a year ago, Liza Shoenfeld was writing about nontraditional science careers as the creator of the Branching Points blog. She created the blog when she was a graduate student in neuroscience at the University of Washington in Seattle, weighing her own career options.

    CREDIT: Ashley Corbin-Telch Photography

    As she tried to decide on her next career move, Shoenfeld took stock of what she liked about working in science. She liked solving problems. She liked asking interesting questions, formulating a plan to find answers. She liked working with smart people. She wanted a career that incorporated those elements.

    For close to a year, Shoenfeld worked for a large consulting firm with a health care focus. Her projects were remote from her neuroscience background—she handled projects in urology, dermatology, and other branches of clinical medicine—so she had a lot of reading to do.  She pored over business reports, interviewed stakeholders, and synthesized her findings into PowerPoint presentations for clients. Her favorite aspects of the work are the variety of projects, the opportunity to work with smart people from diverse backgrounds, and the intellectual stimulation, Shoenfeld says. Her domain knowledge was less valuable, she says, than her ability to think scientifically.

    The transition was challenging. Much of the business terminology was unfamiliar at first. She had to adapt to a pace much faster than what she was used to in academia. Instead of exhaustive searches, she did efficient ones, yielding relevant, actionable points for clients. In presentations, she learned to focus on takeaways and insights and leave out the part about how she arrived at her conclusions.

    Shoenfeld didn’t have to travel much. Typically, she visited the client site for the kickoff meeting, interim meetings, and the final meeting where she delivered the findings. Occasionally, she worked on a project that required more regular meetings, but in all those cases the client company was close by, requiring nothing more than a short train ride.

    Ten-hour days were fairly typical, with 1 to 4 more hours on some weekends, she says. During crunch time, usually the last week of a 2 to 3-month project, longer days—including longer weekend days—were common.

    Shoenfeld recently accepted a new position in her hometown—Seattle, Washington—at a boutique strategy-consulting firm serving health care and nonprofit clients.  

    Case study:  Josh Kellar Courtesy of Josh Kellar and the Boston Consulting Group

    Josh Kellar, who currently is a project leader with BCG in Chicago, Illinois, did a Ph.D. and a postdoc in materials science and engineering at Northwestern University. His graduate research on carbon nanotubes was interesting, he says, but the narrow specialization of an academic career didn’t suit him. He was looking for a career that would give him new ways to engage with the world, solve problems that matter, and produce a tangible, immediate impact.

    Kellar joined BCG in 2011. One basic skill he had developed as a scientist served him well at the new job: formulating hypotheses and testing them against data. But at BCG, he deploys this skill under very different circumstances: As a scientist, he spent his days solving difficult and ambiguous problems. As a consultant, he is doing much the same thing, but now he’s doing it under really tight deadlines. Kellar has enjoyed consulting’s collegiality, and he finds the work energizing, but the compressed time frame took some getting used to.

    To help deal with the time constraints, Kellar learned to delegate—and at BCG there are people to delegate to. He has access to a staff of researchers who scour the literature and track down data. Other BCG employees helped him polish presentations. Staff assistance frees him up to devote most of his time to his core responsibility: understanding and solving clients’ problems.

    Kellar spent a year working with clients in different industries, something like lab rotations in the business world. Then, despite his materials science background, he settled in to a health care focus. His clients include pharmaceutical companies, health insurers, and academic medical centers. Some of the cases he works are technical and require intensive engagement with scientists and the research literature. He likes that his work keeps him close to science and allows him to impact societal problems—exactly what he was looking for when he left the bench.

    Kellar doesn’t downplay the demands of his job, the long hours and travel, but he does offer advice on how to cope with those demands. “The most important thing that I've found is to establish clear boundaries and stick to them,” he says. “For example, after the birth of my son, I made it a priority to put him to bed whenever I was in Chicago. So I leave the office at 5 p.m., and if there is more work to be done, I pick it back up after 8 p.m.”  Strategies like that make the job sustainable. “It isn't about the raw number of hours I work, but when and how I work, and ensuring work doesn't interfere with the things I value most.”


    Trayvon Martin: George Zimmerman's dad gave interview without consulting lawyer | killexams.com real questions and Pass4sure dumps

    8:43 a.m. EST, March 29, 2012|By Hal Boedeker, Sentinel Staff Writer

    The latest twist in the Trayvon Martin coverage: George Zimmerman's father gave an interview Wednesday night without consulting his son's attorney, the lawyer told NBC's "Today" in an exclusive interview this morning.

    "I suppose he stayed quiet as long as he could and then had to tell his side of the story," attorney Craig Sonner told Matt Lauer.

    Sonner said he had asked people to refrain from giving interviews until the case went to the grand jury or to trial.

    Robert Zimmerman, a retired judge, told WOFL-Channel 35 that his son had been threatened by Trayvon Martin. Neighborhood Watch volunteer George Zimmerman has said he shot the 17-year-old in self-defense.

    Sonner hit a recurring them in the "Today" interview in the 7 a.m. half-hour: He had tried to keep the Sanford case from being litigated in the media. But he added that more evidence of his client's story would be coming.

    Video of his client four hours after the shooting was "very grainy" and viewers might not be able to detect any injuries to Zimmerman that had been cleaned up, Sonner told Lauer.

    Benjamin Crump, the attorney for Trayvon's family, told NBC that the video contradicts what Zimmerman has said happened.

    Sybrina Fulton, Trayvon's mother, told CNN's"Piers Morgan Tonight": "This video is clear evidence that there is some problem with this case and that he [Zimmerman] needs to be arrested."

    Fulton also said, "I believe that George Zimmerman hunted my son like an animal, tried to detain my son. My son tried to get away, and because he [Zimmerman] could not detain my son, an altercation ensued, and my son was shot and killed."



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    ACT [1 Certification Exam(s) ]
    Admission-Tests [13 Certification Exam(s) ]
    ADOBE [93 Certification Exam(s) ]
    AFP [1 Certification Exam(s) ]
    AICPA [2 Certification Exam(s) ]
    AIIM [1 Certification Exam(s) ]
    Alcatel-Lucent [13 Certification Exam(s) ]
    Alfresco [1 Certification Exam(s) ]
    Altiris [3 Certification Exam(s) ]
    Amazon [2 Certification Exam(s) ]
    American-College [2 Certification Exam(s) ]
    Android [4 Certification Exam(s) ]
    APA [1 Certification Exam(s) ]
    APC [2 Certification Exam(s) ]
    APICS [2 Certification Exam(s) ]
    Apple [69 Certification Exam(s) ]
    AppSense [1 Certification Exam(s) ]
    APTUSC [1 Certification Exam(s) ]
    Arizona-Education [1 Certification Exam(s) ]
    ARM [1 Certification Exam(s) ]
    Aruba [6 Certification Exam(s) ]
    ASIS [2 Certification Exam(s) ]
    ASQ [3 Certification Exam(s) ]
    ASTQB [8 Certification Exam(s) ]
    Autodesk [2 Certification Exam(s) ]
    Avaya [96 Certification Exam(s) ]
    AXELOS [1 Certification Exam(s) ]
    Axis [1 Certification Exam(s) ]
    Banking [1 Certification Exam(s) ]
    BEA [5 Certification Exam(s) ]
    BICSI [2 Certification Exam(s) ]
    BlackBerry [17 Certification Exam(s) ]
    BlueCoat [2 Certification Exam(s) ]
    Brocade [4 Certification Exam(s) ]
    Business-Objects [11 Certification Exam(s) ]
    Business-Tests [4 Certification Exam(s) ]
    CA-Technologies [21 Certification Exam(s) ]
    Certification-Board [10 Certification Exam(s) ]
    Certiport [3 Certification Exam(s) ]
    CheckPoint [41 Certification Exam(s) ]
    CIDQ [1 Certification Exam(s) ]
    CIPS [4 Certification Exam(s) ]
    Cisco [318 Certification Exam(s) ]
    Citrix [47 Certification Exam(s) ]
    CIW [18 Certification Exam(s) ]
    Cloudera [10 Certification Exam(s) ]
    Cognos [19 Certification Exam(s) ]
    College-Board [2 Certification Exam(s) ]
    CompTIA [76 Certification Exam(s) ]
    ComputerAssociates [6 Certification Exam(s) ]
    Consultant [2 Certification Exam(s) ]
    Counselor [4 Certification Exam(s) ]
    CPP-Institue [2 Certification Exam(s) ]
    CPP-Institute [1 Certification Exam(s) ]
    CSP [1 Certification Exam(s) ]
    CWNA [1 Certification Exam(s) ]
    CWNP [13 Certification Exam(s) ]
    Dassault [2 Certification Exam(s) ]
    DELL [9 Certification Exam(s) ]
    DMI [1 Certification Exam(s) ]
    DRI [1 Certification Exam(s) ]
    ECCouncil [21 Certification Exam(s) ]
    ECDL [1 Certification Exam(s) ]
    EMC [129 Certification Exam(s) ]
    Enterasys [13 Certification Exam(s) ]
    Ericsson [5 Certification Exam(s) ]
    ESPA [1 Certification Exam(s) ]
    Esri [2 Certification Exam(s) ]
    ExamExpress [15 Certification Exam(s) ]
    Exin [40 Certification Exam(s) ]
    ExtremeNetworks [3 Certification Exam(s) ]
    F5-Networks [20 Certification Exam(s) ]
    FCTC [2 Certification Exam(s) ]
    Filemaker [9 Certification Exam(s) ]
    Financial [36 Certification Exam(s) ]
    Food [4 Certification Exam(s) ]
    Fortinet [12 Certification Exam(s) ]
    Foundry [6 Certification Exam(s) ]
    FSMTB [1 Certification Exam(s) ]
    Fujitsu [2 Certification Exam(s) ]
    GAQM [9 Certification Exam(s) ]
    Genesys [4 Certification Exam(s) ]
    GIAC [15 Certification Exam(s) ]
    Google [4 Certification Exam(s) ]
    GuidanceSoftware [2 Certification Exam(s) ]
    H3C [1 Certification Exam(s) ]
    HDI [9 Certification Exam(s) ]
    Healthcare [3 Certification Exam(s) ]
    HIPAA [2 Certification Exam(s) ]
    Hitachi [30 Certification Exam(s) ]
    Hortonworks [4 Certification Exam(s) ]
    Hospitality [2 Certification Exam(s) ]
    HP [746 Certification Exam(s) ]
    HR [4 Certification Exam(s) ]
    HRCI [1 Certification Exam(s) ]
    Huawei [21 Certification Exam(s) ]
    Hyperion [10 Certification Exam(s) ]
    IAAP [1 Certification Exam(s) ]
    IAHCSMM [1 Certification Exam(s) ]
    IBM [1530 Certification Exam(s) ]
    IBQH [1 Certification Exam(s) ]
    ICAI [1 Certification Exam(s) ]
    ICDL [6 Certification Exam(s) ]
    IEEE [1 Certification Exam(s) ]
    IELTS [1 Certification Exam(s) ]
    IFPUG [1 Certification Exam(s) ]
    IIA [3 Certification Exam(s) ]
    IIBA [2 Certification Exam(s) ]
    IISFA [1 Certification Exam(s) ]
    Intel [2 Certification Exam(s) ]
    IQN [1 Certification Exam(s) ]
    IRS [1 Certification Exam(s) ]
    ISA [1 Certification Exam(s) ]
    ISACA [4 Certification Exam(s) ]
    ISC2 [6 Certification Exam(s) ]
    ISEB [24 Certification Exam(s) ]
    Isilon [4 Certification Exam(s) ]
    ISM [6 Certification Exam(s) ]
    iSQI [7 Certification Exam(s) ]
    ITEC [1 Certification Exam(s) ]
    Juniper [63 Certification Exam(s) ]
    LEED [1 Certification Exam(s) ]
    Legato [5 Certification Exam(s) ]
    Liferay [1 Certification Exam(s) ]
    Logical-Operations [1 Certification Exam(s) ]
    Lotus [66 Certification Exam(s) ]
    LPI [24 Certification Exam(s) ]
    LSI [3 Certification Exam(s) ]
    Magento [3 Certification Exam(s) ]
    Maintenance [2 Certification Exam(s) ]
    McAfee [8 Certification Exam(s) ]
    McData [3 Certification Exam(s) ]
    Medical [69 Certification Exam(s) ]
    Microsoft [368 Certification Exam(s) ]
    Mile2 [2 Certification Exam(s) ]
    Military [1 Certification Exam(s) ]
    Misc [1 Certification Exam(s) ]
    Motorola [7 Certification Exam(s) ]
    mySQL [4 Certification Exam(s) ]
    NBSTSA [1 Certification Exam(s) ]
    NCEES [2 Certification Exam(s) ]
    NCIDQ [1 Certification Exam(s) ]
    NCLEX [2 Certification Exam(s) ]
    Network-General [12 Certification Exam(s) ]
    NetworkAppliance [36 Certification Exam(s) ]
    NI [1 Certification Exam(s) ]
    NIELIT [1 Certification Exam(s) ]
    Nokia [6 Certification Exam(s) ]
    Nortel [130 Certification Exam(s) ]
    Novell [37 Certification Exam(s) ]
    OMG [10 Certification Exam(s) ]
    Oracle [269 Certification Exam(s) ]
    P&C [2 Certification Exam(s) ]
    Palo-Alto [4 Certification Exam(s) ]
    PARCC [1 Certification Exam(s) ]
    PayPal [1 Certification Exam(s) ]
    Pegasystems [11 Certification Exam(s) ]
    PEOPLECERT [4 Certification Exam(s) ]
    PMI [15 Certification Exam(s) ]
    Polycom [2 Certification Exam(s) ]
    PostgreSQL-CE [1 Certification Exam(s) ]
    Prince2 [6 Certification Exam(s) ]
    PRMIA [1 Certification Exam(s) ]
    PsychCorp [1 Certification Exam(s) ]
    PTCB [2 Certification Exam(s) ]
    QAI [1 Certification Exam(s) ]
    QlikView [1 Certification Exam(s) ]
    Quality-Assurance [7 Certification Exam(s) ]
    RACC [1 Certification Exam(s) ]
    Real-Estate [1 Certification Exam(s) ]
    RedHat [8 Certification Exam(s) ]
    RES [5 Certification Exam(s) ]
    Riverbed [8 Certification Exam(s) ]
    RSA [15 Certification Exam(s) ]
    Sair [8 Certification Exam(s) ]
    Salesforce [5 Certification Exam(s) ]
    SANS [1 Certification Exam(s) ]
    SAP [98 Certification Exam(s) ]
    SASInstitute [15 Certification Exam(s) ]
    SAT [1 Certification Exam(s) ]
    SCO [10 Certification Exam(s) ]
    SCP [6 Certification Exam(s) ]
    SDI [3 Certification Exam(s) ]
    See-Beyond [1 Certification Exam(s) ]
    Siemens [1 Certification Exam(s) ]
    Snia [7 Certification Exam(s) ]
    SOA [15 Certification Exam(s) ]
    Social-Work-Board [4 Certification Exam(s) ]
    SpringSource [1 Certification Exam(s) ]
    SUN [63 Certification Exam(s) ]
    SUSE [1 Certification Exam(s) ]
    Sybase [17 Certification Exam(s) ]
    Symantec [134 Certification Exam(s) ]
    Teacher-Certification [4 Certification Exam(s) ]
    The-Open-Group [8 Certification Exam(s) ]
    TIA [3 Certification Exam(s) ]
    Tibco [18 Certification Exam(s) ]
    Trainers [3 Certification Exam(s) ]
    Trend [1 Certification Exam(s) ]
    TruSecure [1 Certification Exam(s) ]
    USMLE [1 Certification Exam(s) ]
    VCE [6 Certification Exam(s) ]
    Veeam [2 Certification Exam(s) ]
    Veritas [33 Certification Exam(s) ]
    Vmware [58 Certification Exam(s) ]
    Wonderlic [2 Certification Exam(s) ]
    Worldatwork [2 Certification Exam(s) ]
    XML-Master [3 Certification Exam(s) ]
    Zend [6 Certification Exam(s) ]





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    Consultant CCI Exam (Consulting Case Interview) Detailed Information



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