Who grows faster - Startup Employees or Management Consultants? | Paytm vs BCG & McKinsey
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In this video, I talked to Ankur Garg. He is an IIM Ahmedabad and IIT Delhi grad. He worked at McKinsey and Co prior to working at BCG. He is currently a Project Leader at BCG focused on TMT (Tech, Media, Telecom) and Growth Tech (startups) practices. We talked about Consulting vs Industry to start off the conversations. Ankur has worked at Paytm and also has great experience working in Consulting. This conversation will help aspiring consultants or professionals who are seeking to shift to consulting understand the key differences.
Then we talked about work-life balance. It boils down to setting boundaries for yourself. Ankur explained how he is trying to achieve a work-life balance at the moment. At the end of this segment, we discussed how the young folks entering into consulting should perceive work-life balance. Fast career growth and a tendency to make convenient decisions don’t go hand in hand. Ankur explained why it is important to understand what you really want in your career and build a fulfilling career around that.
After this, we talked about the challenges in front of the Consulting Industry. The rise of AI and the several use cases emerging out of it can put many consultants in jeopardy. Solving for the right talent and moving from solving growth problems to actually coming up with efficient solutions should be the focus in the future. The development of various tools to help clients even after the engagement ends should be emphasized.
Many consulting aspirants are confused between BCG vs McKinsey vs Bain. Ankur’s advice on this will help you understand that it doesn’t matter. You can’t go wrong if you are in a position to choose between these consulting firms. Lastly, Ankur shared a very important management consulting interview tip that every management consulting aspirant can benefit from. Hope you like this video and please let me know who else should I bring on for a talk next time.
Startup Employees or Management Consultants? - Who grows faster?
Stay tuned for upcoming parts of the conversation with experts series and more parts of my conversation with Ankur Garg.
About Ankur
Ankur has 7 years of global experience across management consulting and business roles in the consumer tech space. His consulting experience spans 15+ engagements across sectors (TMT, Industrial Goods, Private Equity, Public Sector) covering growth strategy, sales acceleration, large-scale transformation, cost reduction, marketing, and buy-side diligence.
He is currently a Project Leader at BCG focused on TMT (Tech, Media, Telecom) and Growth Tech (startups) practices. Previously, He was a Business Head at Paytm leading a $xmn P&L with a focus on user growth, product, and partnerships.
Prior to Paytm, he was a Consultant at McKinsey and Company where he worked across India, USA, Europe and the Middle East.
He completed his Post Graduation in Management from IIM Ahmedabad (CAT Percentile 99.98, Institute Rank 13/400+, DAAD scholar, Yes Aspire scholar) and Bachelors in Chemical Engineering from IIT Delhi (All India Rank 801, Department top 10, minor in Business Management).
About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
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Chapters
0:00 - Intro
0:30 - About Ankur Garg
0:57 - Paytm vs Consulting Experience
2:32 - Mindset Shift
3:27 - Pros & Cons of Consulting to Startups
4:55 - Problem-Solving vs Industry Knowledge
7:47 - Cultural Differences
10:08 - Outro