Consulting or Banking

Tom Spencer

This post provides you with a high level comparison of management consulting and investment banking. Investment banks help companies raise money for various purposes including investment, acquisitions, and provision of working capital. (Source: Google Images).

From Banking to Consulting

CaseInterview.com

What follows is a success story I received from a reader who transitioned from banking to consulting as an experienced hire. My background: 4 years as equity analyst, MBA, 5 years in banking in equity capital markets (IPOs and such). After getting quite disillusioned with the banking industry over the last few years, I got laid off, and had to reassess what to do next. Consulting Job Offer Reports banking experienced hire McKinsey offer success story

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Smarter analytics for banks

McKinsey

Banks have a strong foundation in using data. New research reveals how they can get even more from their analytics investments. Insights on Financial Services

Is AI the Solution for the Banking Sector? (Part I: Problems)

Tom Spencer

The financial services industry has seen drastic technology-driven change over the past few years, and digital has fundamentally reshaped consumer behaviour in banking. However, customer expectations are high and it is difficult for banks to decide which technologies to focus on.

Bitcoin, Digital Currency and The Future of Banking

Tom Spencer

When news broke in late October that some of London’s largest banks were investing in Bitcoin , cryptocurrencies in general got another boost. Bitcoin itself was created by technologists and programmers with a deep-seated mistrust of central banks themselves.

Management Consulting versus Investment Banking

Management Consulted

The cons of investment banking – the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities – mattered far more to me than a 6-figure salary. Investment banks, on the other hand, have a more competitive, hierarchical setup.

The future of banking in ASEAN

McKinsey

Tengku Zafrul Aziz, group chief executive officer and executive director of CIMB Group Holdings, discusses the challenges to traditional banking in Southeast Asia and how banks can adapt.

Management Consulting Vs Investment Banking

Management Consulting Prep

Why should you choose Management Consulting over Investment Banking? Now landing a job in either one … Management Consulting Vs Investment Banking Read More » The post Management Consulting Vs Investment Banking appeared first on Management Consulting Prep

Blockchain and retail banking: Making the connection

McKinsey

Caution is understandable when it comes to blockchain, but there are a number of areas where the technology could create value for retail banks. Insights on Financial Services

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Global Corporate Banking 2016: The Next-Generation Corporate Bank

BCG

Corporate banking is a tough business. In fact, BCG’s most recent Corporate Banking Performance Benchmarking survey—of 300 corporate banking divisions around the world serving the small, midmarket, and large business segments—found a dramatic split between the best and the rest.

Creating the bank enterprise risk management function of the future

McKinsey

To enhance enterprise risk management (ERM), banks need to transform the function. Here’s what can help. Risk Insights

Asia’s opportunity for growth in banking

McKinsey

Asia is the world center for banking growth, with consumer finance at the forefront. Asia-Pacific

Productivity transformation for US regional banks

McKinsey

Scale advantages are emerging for the largest US banks; their regional peers need to build highly efficient delivery models in order to compete. Insights on Financial Services

Banking on Digital Simplicity

BCG

Despite a tentative financial recovery, the retail-banking industry faces unrelenting, disruptive challenges. Banks that hope to prevail must urgently pursue digital simplicity. BCG Banking Pools data shows that global retail-banking revenues rose 3% in 2015, to nearly $1.6

Ralph Hamers on Disrupting the Banking Industry

BCG

The bank’s stated purpose: “Empowering people to stay a step ahead in life and in business.” To this end, ING aims to simplify the banking experience, making its services fast, easy, and accessible. Video Tuesday, September 20, 2016.

How Asia is reinventing banking for the digital age

McKinsey

The West has led the world’s banking industry in growth and innovation, but now Asia is tilting the scales. As the pace of growth slows, Asia’s banks must reinvent themselves to survive.

Leading a consumer bank through the coronavirus pandemic

McKinsey

The implications of the COVID-19 crisis are profound for consumer and small-business banks, and the steps they take now will shape operations long into the future. Here is where to start. Insights on Financial Services

Rewriting the rules in retail banking

McKinsey

Four important trends are changing the terms of success in retail banking. Banks need to act now to develop new skills. Insights on Financial Services

Lessons from Asian banks on their coronavirus response

McKinsey

Financial institutions in countries initially affected by the pandemic moved quickly to safeguard their employees, transform their operations, and serve customers in new ways. Insights on Financial Services

Banks – Industry Overview

Tom Spencer

The Business of Banking. Banks are intermediaries for capital and hold the risk when supply and demand is not perfectly balanced. Commercial Banking. As the bank takes the risk, it is said to be underwriting the loans. Investment Banking. Bank Income Statements.

Central-banking accountability: A conversation with Sir Paul Tucker

McKinsey

The former deputy governor of the Bank of England discusses deciphering the Alice in Wonderland world of negative interest rates and central-bank accountability with senior partner Eckart Windhagen.

Firing on all cylinders in North American commercial banking

McKinsey

Faced with a recent slowdown in growth, North American commercial banks can focus on six “engines” to fuel longer-term profitability through the cycle.

Leadership in the time of coronavirus: COVID-19 response and implications for banks

McKinsey

As the effects of the COVID-19 pandemic continue to reverberate, banks have a role to play as systemic stabilizers. Insights on Financial Services

Lessons from leaders in Latin America’s retail banking market

McKinsey

A look at how leading banks outperform in the world’s fastest-growing banking market. Insights on Financial Services

Talent in wholesale banking: Building a sustainable competitive advantage

McKinsey

People with the right skills and talents are the greatest differentiator for banks. They are also the scarcest resource. Insights on Financial Services

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Looming Banking Crisis?

MishTalk

Below is a transcript excerpting the main parts of the first section of the interview on the problems in the European banking system and what measures might be taken if push were to come to shove.

Data sharing and open banking

McKinsey

The potential benefits of open banking include improved customer experience, new revenue streams, and a sustainable service model for underserved markets. Our Insights

Inflection point: Seven transformative shifts in US retail banking

McKinsey

Only ten years ago, the US retail banking industry was in the depths of the global financial crisis, as many once leading institutions struggled to survive. Since then, after bringing in billions in fresh capital, US banks have made a return to stable ground and greater liquidity. Now, however, several transformative forces are accelerating the evolution of US banking and promising to make the business more challenging in the next ten years.

A bank transforms itself by transforming its culture

McKinsey

Putting its people first has been the key to a Brazilian bank’s successful transformation. Digital Insights

Wholesale Transaction Banking: Leveraging “Fin” and “Tech”

BCG

Although B2B does not grab as many headlines as C2B, significant pain points still exist for banks’ corporate customers, and the opportunity to solve problems and deliver value is sizable. Article Monday, September 26, 2016.

Digital banking in Indonesia: Building loyalty and generating growth

McKinsey

Indonesian consumers are embracing digital banking. To attract them, banks need to take an active approach. Insights on Financial Services

Six digital growth strategies for banks

McKinsey

Banks that know where to look can find new sources of untapped value. Digital Insights

Managing a customer-experience transformation in banking

McKinsey

As banks rush to transform their customer experience, it’s easy to trip up. Here’s how to execute a step change that moves ahead of competitors. Insights on Financial Services

Why should you pick Management Consulting over Investment Banking?

Management Consulting Prep

Why should you choose Management Consulting over Investment Banking? Now landing a job in either one of them is already a … Why should you pick Management Consulting over Investment Banking?

Fintechs May Be Corporate Banks’ Best “Frenemies”

BCG

For all the angst over the disruptive impact of financial technology providers, the smart money in corporate banking sees fintechs as strategic allies, not enemies. Over the past decade, the fintech market has become a hotbed of customer-centric banking innovation.

Open banking’s next wave: Perspectives from three fintech CEOs

McKinsey

The CEOs of Ping Identity, Plaid, and Tink share their views on the prospects for open banking and the pressing need for players to develop a data and customer strategy.

The transformative power of automation in banking

McKinsey

A second wave of automation in banking will increase capacity and free employees to focus on higher-value projects. To capture the opportunity, banks must take a strategic, rather than tactical, approach. Our Insights