Find all School-related info fast with the new School-Specific MBA Forum

It is currently 02 Sep 2014, 23:41

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Consulting practises?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 12 Feb 2011
Posts: 2
Followers: 0

Kudos [?]: 0 [0], given: 0

Consulting practises? [#permalink] New post 19 Feb 2011, 01:39
Can anyone explain what exactly "practises" are in the consulting world? I have been reading MBB websites and for undergraduates their are certain practises you can be placed in but I do not know what that means!
VP
VP
User avatar
Joined: 09 Dec 2008
Posts: 1221
Schools: Kellogg Class of 2011
Followers: 21

Kudos [?]: 237 [0], given: 17

Re: Consulting practises? [#permalink] New post 19 Feb 2011, 09:22
Practices generally mean specialities (whether functional or industry-specific). So a consulting firm's healthcare practice would be a group of consultants who specialize in working with clients in the healthcare industry.
_________________

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Intern
Intern
avatar
Joined: 12 Feb 2011
Posts: 2
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: Consulting practises? [#permalink] New post 19 Feb 2011, 16:35
Ah ok thanks! I was confused because some websites made it seem by function and some by industry. Is it safe to say that the majority mean industry though? Say for McKinsey?
VP
VP
User avatar
Joined: 09 Dec 2008
Posts: 1221
Schools: Kellogg Class of 2011
Followers: 21

Kudos [?]: 237 [0], given: 17

Re: Consulting practises? [#permalink] New post 20 Feb 2011, 07:10
They mean both. So specifically for McKinsey, if you look on their website under "Client Service" they list industry practices and functional practices. So their Chemicals (industry) practice focuses on a variety of functional areas related to the chemical industry, while their Marketing and Sales (functional) practice focuses on marketing and sales related issues across a variety of industries.
_________________

Get the best GMAT Prep Resources with GMAT Club Premium Membership

Manager
Manager
avatar
Joined: 10 Jan 2011
Posts: 56
Concentration: Marketing
GMAT 1: 740 Q V
GPA: 3.84
WE: Consulting (Consulting)
Followers: 3

Kudos [?]: 9 [0], given: 3

Re: Consulting practises? [#permalink] New post 03 Mar 2011, 09:25
A lot of firms have a matrix: industry (retail, healthcare, government, etc) and function (marketing, finance, etc). The unique terms they use varies by consulting firm. People might end up specializing by industry or function (or sometimes both).
Re: Consulting practises?   [#permalink] 03 Mar 2011, 09:25
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Practise Questions Rahul2000 1 15 Jun 2013, 04:29
GEOMETRY PRACTISE ? akhileshgupta05 1 22 May 2011, 02:18
Practise for essay deepakguptaeng@gmail.com 0 01 Jun 2007, 09:00
RC timing while practise...... gmat2me2 0 24 Feb 2005, 15:13
practise tests avi111 1 02 Feb 2005, 22:35
Display posts from previous: Sort by

Consulting practises?

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.