Category: Consulting skills

Understanding Millennials, Gen Xers, & Boomers: How to Work Together

For the first time in history, there are 4 generations of people working together in the marketplace. Working together is more challenging than ever with so many different generations at work at the same time. Working well together with fellow employees is easier when you are in relatively the same stage of life. However, in…

US Business Cycle: Expansion & Retraction

The concept of business cycles may not sound like the most reassuring thing in the world (unless you’re an economist). If you’re a small business owner, or the employee of a larger company, the economy may seem like a vast, unpredictable force. At the moment, it probably seems like your destruction is the likelier option.…

Leadership Styles

Leadership styles may differ, but the goal is the same: to inspire people to achieve and maintain forward progress - both for themselves personally and for your organization at large. True leadership is not about prestige or self-image. It's the challenge of preparing your team to reach its full potential. There are many different methods…

Influence Model – McKinsey’s Change Management Model

Influence Model, McKinsey's change management model, is one in a long list of potential frameworks one can draw upon during a case interview. Of course, it’s also relevant if you are a young professional experiencing large-scale change at your employer. Or, if you are a seasoned professional tasked with designing or leading a corporate transformation.…

Mental Math Drills

Whether you majored in English or Mathematics, consulting firms will expect candidates to have a certain level of proficiency in math. The good news is that the math in case interviews isn’t terribly difficult. You don’t have to worry about anything beyond arithmetic. However, under time pressured situations like those in case interviews, performance can…

How Consultants Use Excel

This article is for anyone who wants to understand how consultants use Excel. Whether you are an aspiring consultant or already on the job, a better understanding of how consultants use Excel is one of the keys to drastically increasing your productivity. Consulting Excel skills is honestly something that you can't get too much of!…

Capex vs. Opex

At some point in your business career (hopefully sooner rather than later) you’ll find yourself wondering – what is the difference between capex vs. opex? Whether you want to run a business yourself, understand how a business you work for operates, or advise executives on ways to improve their operations, understanding these terms is a…

Types Of Business Communication

Understanding that there are different types of communication for business allows you to maximize your team's effectiveness. Email, meetings, and interpersonal communication are all different but play an integral part in team performance. Jenny Rae breaks down these three types of communication, and how each one should be utilized within the proper context. Heed the…

Variable Cost: Examples, Definition, & Formula

Variable cost is one of the two major cost categories that you'll find in nearly every business endeavor. Together with fixed costs, they form the foundation of all corporate expenses. Even in the top business schools we teach at, there is some confusion over what exactly is defined as a variable cost. Our goal is…

Top Corporate Training Topics

Corporate training presents a great opportunity for your team to engage with each other, and up-skill in key areas that most affect performance. Choosing the right corporate training topics is essential to maximizing ROI and making sure your team feels like they are being invested in. Today, Jenny Rae shares MC's top requested corporate training…