Tips for developing your business acumen
Ensure you have a foundational understanding of finance.
Do you struggle to prioritize investments? Strengthen your financial knowledge. Understanding basic financial concepts is crucial for making informed decisions in any consulting scenario.
How to improve your business acumen
Basic financial knowledge: familiarize yourself with key concepts such as Net Present Value (NPV), payback period, and the Profit and Loss statement (P&L).
Identify gaps in your knowledge: create a list of concepts you are not familiar with and dedicate time to researching them.
Ask for help: don't hesitate to ask your colleagues for clarification or contact us for more information.
Key aspects to consider
Asking questions in interviews is acceptable: it's not a test of your financial knowledge, but it is appropriate to ask for clarifications.
A lack of fundamental knowledge can be a disadvantage: you don't need to be an expert, but a solid foundation is beneficial.
Don't spend too much time: If your background isn't in business, it's worth investing time in understanding these concepts. However, if your career is related to finance or you already understand the basic concepts, you should focus on other elements of preparation.
Mastering business concepts will allow you to confidently approach financial discussions and improve your performance in consulting interviews.
Would you like to join our community and practice with peers?
Join our WhatsApp group in English or Spanish to conduct mock interviews with other candidates, receive feedback, and expand your network. Once you join, you don't need to speak if you don't want to. Just read the rules and find someone to practice with.