Exploring Luxurious Perks in Consulting

In this episode, I speak with Jimmy Gillespie who went from BYU to McKinsey to private equity and Wharton for his MBA.

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⏱Timestamps⏱
00:00:00 - Introduction
00:01:57 - Background introduction
00:03:31 - KPMG internship in Kuala Lumpur
00:05:25 - Impact of internship on recruiting for McKinsey
00:07:25 - Why Bain was Jimmy's #1 Choice initially
00:09:37 - Differentiating McKinsey, Bain, and BCG
00:12:28 - Choosing the Cleveland office
00:14:12 - Receiving the McKinsey offer
00:15:47 - Lebron's impact in Cleveland
00:17:12 - McKinsey project locations
00:18:13 - Consulting travel schedule details
00:20:02 - Working hours
00:23:17 - Tips for budding consultants
00:25:04 - Setting workplace boundaries
00:26:50 - Team norms in consulting
00:28:07 - Daily problem solving in consulting
00:30:10 - Contributions as an entry-level consultant
00:32:10 - The smartest thing a partner has done
00:33:33 - Consistent attributes from the best partners
00:35:00 - The pace of work in consulting
00:36:08 - Toughest part of consulting
00:38:37 - Negative experiences with colleagues
00:39:51 - Skills developed at McKinsey
00:41:50 - Perks from working in consulting
00:44:45 - Consulting recruiting tips
00:48:15 - Case interview tips
00:49:47 - Handling the infamous McKinsey "What else" question
00:51:44 - Interview process differences amongst MBB
00:54:00 - McKinsey's interview approach
00:55:20 - Compensation for entry-level consultants
00:56:31 - Feedback and review process
00:59:08 - Most valuable feedback received
01:01:32 - Decision to move to PE
01:03:30 - Transition from consulting to PE
01:04:50 - Learning financial modeling skills in PE
01:05:24 - PE firm interview process
01:06:56 - Investor work vs client services
01:09:27 - Advice for consultants working in PE
01:11:05 - Unenjoyable aspects of PE
01:13:30 - Decision to pursue an MBA
01:16:30 - Search Fund (Plan after MBA)
01:21:29 - Alternate career path
01:22:38 - Contrarian opinion held
01:23:30 - Advice to younger self

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