do you want to be a consultant here are the three Frameworks that can make or break your future career My Name is Davis WN and I'm a former bank consultant and the founder of my Consulting offer I've helped over a thousand Consultants start their careers by teaching them these three Frameworks the great news is that these Frameworks will not only improve your career but also your personal life the first framework is called a 2X two matrix it's called a 2 x two Matrix because it has two sides of it it has an x- axis and a y- axis and together it forms four different quadrants this framework is used to categorize items or ideas into four different quadrants to sort out items according to the dimensions that you decide so for example let's say that your client is trying to prioritize four different types of projects to figure out which one would have the greatest impact on their profits and they're asking you to figure out which one they should do you might use this 2 x two Matrix along two different dimensions the First Dimension is you might want to categorize it by the level of impact so you might want to sort things on the y- AIS by how high the impact is or how low the impact is on the x-axis you might want to think about well how difficult is it to implement is it something that's going to take years to imp imp or is it something that we can have up and running in weeks so you might have difficulty to implement on one side and easy to implement on the other side so together you'll have these four quadrants and then what you can do is map out each of these quadrants so for example let's say that project one it's going to be high impact that means it's going to bring a lot of profit but it might take years to implement on the opposite side you might have project two which is also high impact but it's easy to implement you can probably implement in a couple weeks or months then you might have project three which is difficult to implement which might takes months to implement and you don't think it's going to bring that much profit or you you might have project 4 which you might determine for example is easy to implement in fact we can probably get project 4 up and running by next month but it won't bring that much profit so now now that you mapped each of the projects out you can quickly determine which one the company should work on well first off you notice that project 3 is difficult to implement which is it take a lot of time and also it doesn't bring that much profit so it's actually not a good project so we might exit that out so we might reject that proposal next you might see that project one does have high impact it's going to bring a lot of profits but it's difficult to implement so if the client wants to implement something really quickly you're then going to eliminate project one that leaves project 2 and project 4 well project 4 probably shouldn't be the first one you start off with because even though it's easy to implement it's low impact compared to project two so then you might go over project two because it's quick to implement and it's going to bring a lot of profit so you went from having four different proposals to recommending one and that's the power of a simple 2 x two Matrix of course you can also apply this to your personal life and I love to use this 2 x two in my personal life as well let's say for example you got your Consulting offer and you got to move to a new city but you don't have that many friends in the city well you probably want to make some friends and you're trying to figure out well what activ should I do to make new friends so you might decide the different axes so for example you might say that the y axis is going to be well do I enjoy this activity or do I not enjoy this activity and then on the x- axis you might say well is this going to give me a high chance to meet people or is it a low chance to meet people and from there you have your four quadrants and then you can map everything out so for example let's say that you had four different activities you were thinking about let's say that you're thinking about going to the movies well you enjoy watching movies so that's high enjoyment but you're probably just going to sit by yourself and there's not much talking so low chance to meet people second you might join a book club which which well you enjoy reading books and talking about books and let's say that because there's a lot of talking a lot of people there's a high chance to meet people then you might have activities that such as for example camping by yourself let's say you don't enjoy camping well that's low chance to meet people and it's low enjoyment let's say that you also went on meetup.com and saw it as a knitting class well let's say you don't enjoy knitting but there is a high chance of meeting people they might place that in the lower quadrant so similar to our business example before you can start eliminating things then you might eliminate going to the movies or camping by yourself because well there's a low chance of meeting people and then between joining a book club and taking a knitting class well let's say you don't enjoy taking knitting classes you reject that idea then your activity then becomes joining a book club which something you would enjoy and it gives you a high chance of meeting new people so that's the 2 x two Matrix the second framework is the mus have nice to have this framework is used to quickly eliminate options that you're considering by clearly listing out what is a musthave and what is a nice to have and any option that fails to meet all of the mus haves are immediately eliminated as an option so for example let's say that you're working on a merger and acquisition case and your client is thinking about acquiring one of three companies and you work with the clients to determine what their must have criterias are so it could be for example that the company has to do over $10 million in Revenue the CEO of the company has to stay on because well you don't have anyone to replace the CEO or to operate the business and third it has to cost less than $10 million to acquire then you can quickly go through each of these and determine if it meets your criteria so for example let's say that all three companies meet the $10 million threshold so then you can move on to the next criteria which is the CEO will have to stay on and let's say that company one the CEO one of their conditions is that they want have an exit they don't want to continue with the company then company one is automatically eliminated from consideration leaving company two company three and then let's imagine that from Company 2 and Company 3 you ask for the price to acquire and Company 2 is asking for 20 million while company 3 is asking for 9 million well in that case you don't have to do any more diligent well and at this point you can already determine you don't need to do any more research on company one or company two because company 3 is the one that has the must haves so now you can look at the nice to have this could also apply to your personal life as well so for example let's imagine that you did move to that new city and you're thinking about what what apartment you should rent and let's say that you have three considerations for apartments and you have a couple of mus haves it can be a lot of conditions let's say you have three for Simplicity first is that it has to be 10 minutes walking away from a public transit it could be a bus or a Metro second it has to be within your budget and third you really want an elevator in building you don't want have to climb stairs well let's say you look through each of the conditions and you say well let's figure out where the closest public transportation is and then you realize that apartment 1 and two are within 10 minutes of public transit but apartment 3 is not so now you can eliminate apartment number three next with apartment one and two you want to make sure that they're within budget so you ask for the rent price and you realize they're both within budget and then you look at the actual elevator and you realize o Apartment 2 doesn't have elevators so now you're down to apartment one so if you're looking at three apartments at least apartment one will be the only one that you're going to consider for the next step that's how you use the mus have nice to half framework the third framework that I use very often is the Mii framework Mii is a framework for organizing or dividing things such as ideas peoples and objects into groups that are both distinctive and comprehensive you think of Mei as like a perfect filing system the me in Mei stands for for mutually exclusive that means that every file or item goes into exactly one folder and only one folder remember perfect filing system so no file is split between two folders or is duplicated that's like for example if you went to school and you had a different folder for every single subject you have one for math one for English one for Science and so on that means that all your math homework will never be in an English folder that's what mutually exclusive means it's in one folder but not multiple second is collectively exhaustive that means that your system or all your folders combined should include every single file so you shouldn't have any files laying around that you don't have a folder for so for example all my homework should fall into one of these folders and only one of these folders so in short Mei is like organizing your files into particular folders in such a way that every file belongs to one folder and all files are accounted for nothing's out of place and nothing's left out and MEC is very helpful when it comes to business for example one of my projects that I had at Bane was I was in charge of putting together a bonus structure for the end of year bonus and so the client wanted to make sure that everyone got paid but no one got paid multiple bonuses because well then everyone else would feel cheated but everyone also got some sort of bonus so in order to know who would get a bonus and for what contribution you can break it out so for example I might decide to break out the company into its different department for example in this case this particular company had four departments it had the marketing department the sales department the service department and the operations Department you kind of see that within each of these I also listed out who was in the marketing department who was in the sales department who was in the service department who was in the operations department so at the end of year everyone got a bonus for their contribution no one was left out and no one was accidentally paid twice and you can also use the Mei framework into your personal life as well so for example let's imagine that you're about to move out to that new city that we talked about and you're about to go visit the apartments well you're going to travel for the week and you need to pack and so how would you pack you probably make a list but it's probably hard to make a list of listing out random things like ah clothes phone charger laptop passport it's out of all the order so you might risk either missing something or double packing something so instead you can use a Mei list to try to break out the different C categories so for example you might have a category for clothing one for toiletries one for gadgets and one for travel documents and then within each one you might list out the particulars so for example Within Clothing I might have casual wear active wear night wear Formal Wear we specific wear foot wear accessories and inar and you can do this for each of the categories to make sure that you're packing in a way that has every single item you need and nothing is left out so those are the three Frameworks I recommend to anyone who wants to become a great Management Consultant so which framework was your favorite if you comment below your favorite framework and your email em I'll email you additional Frameworks that we didn't have a chance to cover in this video and if you're serious about becoming a Management Consultant I'd love to help you my team and I are former Consulting recruiters and interviewers from Mackenzie Bane and BCG we have a 90% success rate that is n out of 10 people who work with us land at least one Consulting offer we've helped over a thousand people start their careers in management consulting and I'd love for you to be our next success story all you have to do is click the link below to book a free call with our team to find out how we can help you booking this call could put you one step closer to Landing your Consulting office off at a top management consulting firm but you don't have to take my word for it actually hear from Ray who landed three offers including at Mackenzie where he ultimately assigned before working with us Ray had no Consulting experience was worried if he could even get the interview let alone pass it and in his video Ry shares how he managed to land three Consulting offers including why he decided to sign with McKenzie I'm excited for you to hear Ray's story and I'll include that video on this page right here and I want to wish you good luck and I'll see you in the next video