PIP'd at MBB with useful feedback - any advice on development areas?
Currently on an MBB and have just been placed on a PIP in consulting, and was given feedback on three main development areas. Any suggestions on specific ways to improve on any of the following three areas?
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Getting clarity on an ambiguous problem - try to understand the objective, layout the unclear parts, or at least know what needs to be clear for you to have a solution, have a point of view, and clarify with the PL
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Defining the methodology or a solution to the problem - leverage on other people experience to learn early on is the best.
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Execution of the problem - working an finding creative workarounds to data, where there are limitations; extracting the relevant reports; getting together a strong basis. (I find the execution of workstreams and tasks the hardest)
Based on the most helpful WSO content, here are some specific ways to improve on the three development areas mentioned:
1. Getting Clarity on an Ambiguous Problem
2. Defining the Methodology or Solution to the Problem
3. Execution of the Problem
By focusing on these strategies, you can improve your performance in these key areas and increase your chances of success in your consulting role.
Sources: Q&A: Former MBB Consultant, Year 1 in consulting - tips, tricks, advice, and unspoken rules., Q&A: 5 Things you can do to help convert your internship to an offer in Consulting, How can we do better?, Q&A: Former MBB Consultant
Don’t want to sound like a dick, but dude, start applying for jobs. You got PIP’d a month before year-end and think they’re going to keep you? They only put you on it so they can fire you for “poor performance”.
Second this. Interpret the “feedback” as reasons they want to fire you.
As someone above said, not to sound like a dick, but the PIP basically describes your entire role. Getting clarity on ambiguous problems, defining methodology, and then executing is basically the entire study.
There are an overwhelming/impossible number of areas you would need to improve in, so aligning with previous comments, this indicates your firm probably isn't serious about keeping you on.
Yep, happened to me. Thought my PiP was genuine but the tone was basically the same as OP’s. OP I would just lateral. You’ll get something because you’re at MBB.
Thanks everyone! Any tactical advice assuming that feedback is accurate :)
OP do you have an update on how things are going for you since you received the PIP?
You're going to have to go remedial to cover these weaknesses. Back to basics.
1) Read a book called "How to Solve It" by George Polya. It will give you a very consistent framework for defining problems and working/thinking through solutions and pressure testing your hypotheses
2) See if you can talk to any allies you have who've worked on the engagements you were on and pick their brains about approaches and why. Keep extensive notes following their reasoning
3) Are you just not as strong in Data Analysis / Analytics or is this a case of not being able to find or understand what data is needed to build a case and/or get to a conclusion/solution? There are some pretty good courses on Udemy and Coursera that teach you all sorts of cool data analysis and compilation techniques - in fact, they helped me to shift gears into Business Intelligence.
But lean on the network and your co-workers for as long as you're there. Learn all of their shortcuts and tricks of the trade, read their decks, etc. Start looking for patterns.
any BI-related courses you recommend others look into or ones you've taken that you would recommend in a heartbeat?
What do you think happened that led to this? How long have you been in the company for? As others recommend, start looking for a new place ASAP they are 99% setting you up to fail
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