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

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

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

Retail 114

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.

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

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

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.

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.

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

Asia’s opportunity for growth in banking

McKinsey

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

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

Talent 107

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.

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.

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

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?

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.

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

Global banking annual review 2019: The last pit stop? Time for bold late-cycle moves

McKinsey

As growth slows, banks across the globe need to urgently consider a suite of radical organic or inorganic moves before we hit a downturn. Insights on Financial Services

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

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

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.

A bank branch for the digital age

McKinsey

Far from rendering the bank branch obsolete, digital technology holds the key to the branch of the future. Insights on Financial Services

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.

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

Bank of America Tests Peopleless Banks

MishTalk

Banks do need those services of course, but do those services have to be in every location? Tellers, cashiers, loan officers: Who needs em? Will video teleconferencing suffice? more…). Economics

Bracing for consolidation in Asia–Pacific banking: The quest for scale

McKinsey

To emerge from a period of potential consolidation, Asia’s banks must reinvent themselves or risk disappearing. Insights on Financial Services

Building the corporate bank of the future

McKinsey

Corporate banks have delivered steady returns but face daunting challenges. To succeed in the coming years, they need to find another gear. Insights on Financial Services

Cryptocurrency – Understanding its role through the lens of economic history

Tom Spencer

To begin, I’ll discuss the role of central banks throughout history as one of the primary purposes of Bitcoin was to eliminate the need for central banks, usurping the role of these traditionally powerful entities. These notes act as a claim on the bank’s assets.

The balancing act: Omnichannel excellence in retail banking

McKinsey

To capture the full value of digital distribution, banks need to make sure the human touch is still part of the equation. Insights on Financial Services