Wealth Management 101: The Hidden World of Private Banking
Tom Spencer
JUNE 30, 2023
The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance.
Fireside Chat – Consulting Recruiting at Target and Non-Target Universities
Tom Spencer
FEBRUARY 8, 2020
A few weeks ago, I had the opportunity to sit down with another blog contributor to the SpencerTom community, Jason Oh, to share our experiences about the consulting recruiting process. How is recruiting done at your school? Jeff : There are many advantages of campus recruiting at a target school.
Recruiting 
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Management Consulting versus Investment Banking
Management Consulted
DECEMBER 16, 2008
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. Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases.
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Human Resources Management – How to Get Started
Tom Spencer
JULY 29, 2022
If you are early in your career, you may be engaging a lot with recruiters. Especially if you join a class structure, such as an “analyst class”, the recruiting team may also be responsible for onboarding and training. The goal of compensation teams is to develop competitive compensation packages to recruit and retain strong talent.
Resources 78
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Going Above and Beyond with Behavioral Interviews
Tom Spencer
FEBRUARY 25, 2022
Recruiters are assessing your background, your project experience, and your ability to fit into the company. This could include personal communications, presentations, developing deliverables, brainstorming, managing people, or implementing policies. Some factors to describe may include the organization, team, or stage of development.
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LinkedIn Hacks for Management Consulting Applicants
Tom Spencer
JUNE 2, 2023
For example, my LinkedIn profile highlights my two primary experiences: strategy consulting and international development. Copying your resume verbatim can irritate recruiters and end up being counterproductive when they visit your LinkedIn profile looking for additional insights into your fit for the role.
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Consulting 101: Operations, Hierarchies, and Types of Firms
Tom Spencer
FEBRUARY 11, 2022
Clients may need help with market research, competitor analysis, growth strategies, supply chain optimization, product development, or a range of other issues. They work closely with fellow analysts and associates to develop solutions to client problems. Career pages explain intern/first year programs, and the recruitment process.
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Consulting 101: Preparing for Case Interviews
Tom Spencer
JANUARY 28, 2022
It works best if your partner is also recruiting for consulting, as you can learn a lot by being an interviewer as well. Check your college’s undergraduate and graduate business libraries, if you’re in a business club check your organization’s files, ask upperclassmen what resources they leveraged during recruitment.
How to Handle Rejection from a Consulting Firm
Tom Spencer
OCTOBER 31, 2020
Self-analysis alone won’t give you a holistic picture of why you did not get an offer, so start by getting feedback from the recruiter and the interviewers. After all, those insights are available and would help you understand where you need to develop. There may be training or informal coaching you can undertake to help you develop.
Bulger Partners – Strategy Consulting for the Software Economy
Management Consulted
MAY 28, 2017
What makes Bulger Partners even more unique among consulting firms is the fact that the firm houses Strategy Consulting and Investment Banking arms under the same roof, and even has a small PE fund. Chris sold his prior firm to Bank of America for $1B, and found that he missed advising tech companies.
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Alternatives to a Traditional Summer Internship
Tom Spencer
MAY 6, 2022
Developing the Right Mindset. By articulating the problems you solved in your resume and during future interviews, recruiters will be better able to understand your professional skillset. For one, the team was able to develop an easy-to-use website. Before entering any position, you should have a goal or intention. Non-Profits.
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Selling Your Competitive Advantages in Consulting
Tom Spencer
MARCH 21, 2021
Looking back to consulting recruiting in graduate school, I always think about how interesting it was that so much of the conversation among candidates was about getting an offer from a top consulting firm. During the recruiting process, firms screen candidates for potential to succeed given the firm’s business portfolio and culture.
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Oliver Wyman interview preparation: the inside story
Management Consulted
AUGUST 1, 2013
In the meantime, Marsh & McLennan was creating Mercer; in 1975, Mercer was developed as the human resources consulting arm of Marsh & McLennan. The firm offers consulting services including strategy, operations, risk management, organizational transformation, and leadership development. Corporate and Institutional Banking.
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Boutique vs Large Consulting Firms
Tom Spencer
JANUARY 18, 2020
Since graduation, I have had the pleasure of working for both a boutique and a large strategy consulting firm and wanted to share my insights on the differences in: Undergraduate recruiting. Undergraduate recruiting. Projects and client types. Workplace culture. Exit opportunities. However, there are many exceptions to the rule.
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Brews, News and Booz & Company: Interview and Culture Insights
Management Consulted
AUGUST 28, 2013
After he graduated from Northwestern University (Chicago, IL), he developed the idea that companies would become more successful if they called on someone outside of their organization to offer expert, unbiased advice. This idea became a theory, and he developed a practice. Organization and Change. Product and Service Innovation.
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Bulger Partners – Strategic Advisers to the Software Economy
Management Consulted
MAY 28, 2017
What makes Bulger Partners even more unique among consulting firms is the fact that the firm houses Strategy Consulting and Investment Banking arms under the same roof, and even has a small PE fund. Some members of the Advisory Board include: Sandy Robertson – Pioneered the creation of West Coast technology banking as an industry.
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Bulger Partners – Strategic Advisors to the Software Economy
Management Consulted
MAY 28, 2017
What makes Bulger Partners even more unique among consulting firms is the fact that the firm houses Strategy Consulting and Investment Banking arms under the same roof, and even has a small PE fund. Some members of the Advisory Board include: Sandy Robertson – Pioneered the creation of West Coast technology banking as an industry.
Software 100
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Bulger Partners – Strategic Advisors for the Software Economy
Management Consulted
MAY 28, 2017
What makes Bulger Partners even more unique among consulting firms is the fact that the firm houses Strategy Consulting and Investment Banking arms under the same roof, and even has a small PE fund. Some members of the Advisory Board include: Sandy Robertson – Pioneered the creation of West Coast technology banking as an industry.
Software 100
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You’ve been rejected from all consulting jobs. What’s next?
Management Consulted
FEBRUARY 4, 2009
The advice applies equally to industries like investment banking. Practice will only help for future interviews or next year’s recruiting cycle. There simply isn’t a consulting firms database comparable to what exists in investment banking. In this post, I’ll highlight the key steps to take when this happens.
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The 5 Key Corporate Sustainability Trends in 2023
Comatch
JUNE 21, 2022
This is particularly true in the banking industry, and financial institutions will be increasingly likely to provide financing options to organizations whose sustainability focus aligns with their own. Purpose-driven Recruiting. These changes will potentially affect all organizations. A New Era of Sustainability Reporting.
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The 5 Key Corporate Sustainability Trends in 2022
Comatch
JUNE 21, 2022
This is particularly true in the banking industry, and financial institutions will be increasingly likely to provide financing options to organizations whose sustainability focus aligns with their own. Purpose-driven Recruiting. These changes will potentially affect all organizations. A New Era of Sustainability Reporting.
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How to get a head start as a first-year student
Tom Spencer
FEBRUARY 11, 2017
Investment Banking Spring Weeks. Even if you don’t want to go into investment banking, doing a spring week will help you gain some relevant experience and might give you an edge over your competitors when it comes to consulting internships or jobs. Applications usually open in August or September and close in December or January.
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2016 Top 10 U.S. MBA programs for Management Consulting
Management Consulted
APRIL 20, 2016
The Class of 2015 had a full 35% of its graduates accept offers in the consulting field, and Kellogg has become a hot recruiting spot across top firms – but especially for McKinsey. Kellogg has also recently placed a focus on recruiting more women in to its program, and women made up 35% of the Class of 2015.
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100 Gallup Consulting Interviews and Culture
Management Consulted
MAY 25, 2014
He developed research methods and programs for the television and movie industry to help clients determine advertising effectiveness and how to identify what the market wanted to watch in film and television. Strengths-Based Development. There are 4 job types at Gallup (order irrelevant): Consultants – Client Development.
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ESG’s Impact on Professional Services
Prudent Pedal
JULY 27, 2021
How firms use ESG to position their businesses is of strategic importance to a firm’s brand, demand generation, client relationships, recruiting, and culture. Big banks, accounting firms, and business leaders are working to “reset” how company’s conduct and measure business performance. .
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Leading with Impact: How companies are implementing ADEI initiatives to open doors to success.
UPD Consulting
SEPTEMBER 21, 2021
This ranges from initiatives that give back to underrepresented communities, public statements promoting equity, more diverse recruiting and retention strategies, and changing systems to ensure that all stakeholders have access to success. . Companies have taken a myriad of approaches to ADEI work.
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Networking 102: It’s Never Been More Important – And It Truly. Does. Work.
Management Consulted
JUNE 10, 2009
“How do you maintain and continue to develop a network with recruiters, Analysts, MDs, etc. If you work overseas, how do you get to America in both office, transfer, and general recruiting networking?” Click here for the substantive differences between investment banking and strategy consulting. What do you do?”.
Finance 171
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Dinged From MBB Consulting Firms – Now What?
Management Consulted
NOVEMBER 22, 2015
If you interview and fail first rounds, don’t expect to re-interview during full-time recruiting. For example, working for 1-3 years in business development or corporate strategy at Coca-Cola will give you great experience and make you an attractive candidate to MBB firms.
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3 ways financial advisory consulting bests strategy consulting
Management Consulted
JULY 22, 2013
Financial advisory firms recruit from a broader set of schools. They are masterful recruiters with big budgets to entertain prospects, so if you’re interested in the field, check them out – just go in with your eyes wide open. Management Consulting vs. Investment Banking. 2013 Management Consulting Salaries.
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2016 Top 10 Global MBA Programs for Management Consulting
Management Consulted
AUGUST 21, 2016
MBB firms are by far the biggest recruiters here, with McKinsey leading the pack as far as the number of graduates who land there. Plus, INSEAD is Bain’s number one global recruiting school – more global hires than from any other program (MBA or undergrad) across offices in multiple geographies. What does this mean for you?
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The Smartest Person in the Room
CaseInterview.com
MARCH 20, 2021
This is a sure sign that they have not done a good job recruiting an executive team. A couple of weeks ago, Jane became the first woman CEO of Citibank and the first woman CEO of a major Wall Street investment bank.). The vast majority of the time, they’re the smartest. She was the first to teach me how to do segmentation analysis. (A
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PM Career Paths
Tom Spencer
AUGUST 24, 2019
You are responsible for the entire lifecycle of a product, the go-to person for the team and the glue between developers and other team members. You are significantly less involved with the hands-on activities related to the product development process. At this stage, you need direct product management experience and working years.
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Altman Vilandrie: Interviews and Culture
Management Consulted
SEPTEMBER 6, 2015
Though Altman Vilandrie serviced their west coast clients from their Boston office for years, the decision to open an office in San Francisco was born out of a desire to better serve their west coast clients and to develop a stronger base in the region by capitalizing on the tech industry boom in Silicon Valley. INTERVIEWS AND RECRUITING .
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Alvarez & Marsal Interviews and Culture
Management Consulted
DECEMBER 6, 2015
Alvarez & Marsal have been making waves in recent years for the high profile, high quality work they did in the midst of the banking crisis. As the 2008 banking crisis ensued, Alvarez & Marsal played a pivotal role in liquidating Lehman Brother’s assets while also servicing many other high-profile clients. Practice Areas.
Interviews 100
100 Advisory Board Company Interviews and Culture
Management Consulted
MARCH 9, 2014
As we worked with clients who have been granted positions at this firm, we’ve developed some interesting perspectives on this company. Physician manpower planning and medical staff development. Talent Development. Is The Advisory Board Company is a good company for you to work for? Physician practice M &A. Labor cost.
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Why Consulting?
CaseInterview.com
MARCH 21, 2019
Certainly, some fields such as investment banking can top it, but the consulting salary beats out most others. Looking at the compensation at Partner banking over a million dollars annually as compared to the compensation of a professional 20 years into a corporate job makes the figures all the more appealing. Subsequent opportunities.
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How to Assess Entry-Level Product Manger Positions
Tom Spencer
AUGUST 3, 2019
Here are some questions to ask your recruiter, interviewer or APM coordinator: How long has the APM program been around? If this is tough, ask the recruiter to set up chats with multiple potential managers. If the recruiter is willing to set up chats with multiple people, that’s generally a good sign.
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3 Steps to Cultivate an Innovation Culture
Organizational Talent Consulting
JULY 24, 2023
An innovation culture supports beliefs and feelings about the importance of innovation, as well as habits that encourage research and development. A financial services company engaged in investment banking and capital markets estimated the customer benefit of the Space X Falcon 9 reusable rocket. million per launch.
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Oliver Wyman Careers
CaseInterview.com
JULY 18, 2019
Leadership Development. Consultants here tend to serve insurance, investment banking, retail banking, government agencies, payment processors, and private equity fund clients. 4) The Leadership Development practice works on the people side of businesses. Today, the four practices are: General Management Consulting.
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NERA Economic Consulting Interviews – Moving Up in a Down Economy
Management Consulted
SEPTEMBER 30, 2013
NERA has developed quite a reputation, but has managed to keep itself small, clearly focused and prestigious in the process. Finance: Bankruptcy, Consumer Protection in Financial Services, Financial Institutions and Banking, Financial Risk Management. .
How to Succeed in the New Age of Interviews
Tom Spencer
SEPTEMBER 30, 2017
The process of securing an internship at an investment bank is both a daunting and strenuous endeavour. A desired response from a recruitment manager would be “most cover letters I’m falling asleep. Stage two of the process may find you in front of your webcam, coming face to face with the recent recruiting tool developed be Hirevue.
BearingPoint Interview Preparation – Mystery or History?
Management Consulted
JANUARY 20, 2014
BearingPoint partners with the major technological suppliers, like Hewlett Packard, IBM, Microsoft, Oracle and SAP, to develop solutions and strategies suiting their clients’ requirements. International Development. Sustainable Development. BEARINGPOINT INTERVIEWS AND RECRUITING. Practice Areas. Human Resources.
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139 FTI Consulting Interviews and Culture
Management Consulted
FEBRUARY 15, 2015
As consulting firms go, FTI Consulting is a newcomer – but at just over 30 years old, the firm has made impressive strides to become one of the most respected name in legal analysis and data-driven research to support major initiatives for law firms, banks and the majority of the Fortune 500. Investment Banking. Latin America.
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3 Ways Social Entrepreneurs Can Solve Their Talent Problem
Harvard Business
JUNE 29, 2016
Bringing light to Africa , mobile banking to Bangladesh , low-cost health care to Nepal, or better school lunches to the American cafeteria: In all these cases, the private sector is a big part of the action. Know that funding alone is not going to solve the recruiting problem. Training and skill development solves another problem too.
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