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Consulting Up-or-Out Principle Explained | Consulting Career Insights

The first 1000 people to use the link will get a free trial of Skillshare Premium Membership: https://skl.sh/firmlearning02211 Have you heard about the up or out principle in consulting but do not really know how the up-or-out principle works? In this video, I share my consulting career insights by telling you the truth about the up or out rule in consulting. I am an Ex-McKinsey consultant and now work in a C-level role in Retail. Up or out is a key principle applied by most leading strategy consulting rules. It can be challenging given that it means that some consultants need to leave their firms. The Up or Out principle is applied by most MBB firms and even some Big 4 consulting firms. Learning essential consulting skills such as how to talk like a consultant can help you avoid ending on the wrong side of the up or out principle. Learn this consulting 101 to succeed at management consulting firms such as BCG or Bain. Chapters 00:00 Introduction 01:43 What is the Up-or-Out principle? 04:29 How does this really work in practice? 09:18 What happens if you need to go? 11:38 Wrap-up This video was sponsored by Skillshare. #consulting #uporout #consultingcareers Consulting Up-or-Out Principle Explained | Consulting Career Insights 🎓 MY ONLINE COURSES* Learn to make PowerPoint presentations like Top Management Consultants: "CEO-level Presentation Skills - Slide Writing for Consulting" https://link.firmlearning.com/slides Everything you need to know about Blockchain and Cryptocurrency: "The Complete Course on Blockchain and Bitcoin" https://link.firmlearning.com/blockchain 📄 CV AND COVER LETTER TEMPLATE* Get a CV and cover letter template based on my own documents. With earlier versions of this CV and cover letter, I successfully applied to McKinsey as consultant: https://link.firmlearning.com/learning 👍 CHANNEL MEMBERSHIP Become a member of Firm Learning to support my work and get access to perks: https://link.firmlearning.com/join 📩 NEWSLETTER Sign-up to the Firm Learning e-mail newsletter to continue learning about Business and Management: https://link.firmlearning.com/e-mail ☑️ RECOMMENDATIONS* Books that I loved (Management & Self-development): https://link.firmlearning.com/books Travel like a consultant: https://link.firmlearning.com/travel GMAT study material: https://link.firmlearning.com/gmatstudy My video equipment: https://link.firmlearning.com/myequip... Learn to code (with 50 USD discount): https://link.firmlearning.com/udacity Skillshare - start taking courses with free trial: https://link.firmlearning.com/skillshare 🎧 AUDIOBOOKS* This is a link to the audiobook service Audible that I use every day. It helps me "read" 50+ books every year. The link gives you a free test month: https://link.firmlearning.com/audible 💬 SOCIAL MEDIA Instagram: https://link.firmlearning.com/instagram LinkedIn: https://link.firmlearning.com/linkedin Discord: https://link.firmlearning.com/discord TikTok: https://link.firmlearning.com/tiktok Facebook: https://link.firmlearning.com/facebook Links are Affiliate links. This means I receive a revenue share whenever a purchase is made via the link. The price for you stays the same. Please always do your own research when signing up with other services. I cannot be held liable for any misrepresentations or damages, except for gross negligence. Thank you for supporting my work at Firm Learning! All views expressed on this channel are private opinions of this channel's creator Heinrich. This is NOT an official channel of any consulting firm.