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.
Banking Finance Strategy Training 
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. Cashflow or not, the extra money is substantial and a defining driver of why many people do investment banking. 2 LIFESTYLE.
Banking 
272
272 Join 76,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
3 ways financial advisory consulting bests strategy consulting
Management Consulted
JULY 22, 2013
From the variety of work and access to C-level executives to the wide array of exit opportunities, strategy operations consulting far surpassed financial advisory consulting as our recommended career to pursue. Find it here: 5 reasons to choose strategy operations over financial advisory consulting. Missed part one?
Financial 194
194 
The Ups and Downs of a Career in Consulting
Tom Spencer
JANUARY 20, 2023
The best part about this is that the intense training and growth at MBB is recognized by most corporate firms globally. Software engineers at Google and investment banking analysts at Goldman Sachs are more well-paid than entry level roles at MBB. Growth is forged in the crucible of hard work.
Consulting 88
88 
2 Years of Networking Results in Consulting Job at PwC
Management Consulted
APRIL 20, 2014
He has a really cool history – international i-banking, college football, and more – and THEN he spent 2 years networking his way into a job at PwC. Summers are consumed with training, practice, team building and school, as your class load is lighter through the year to compensate for a demanding training/season schedule.
Consulting 204
204 
The AI and ChatGPT Boom: What You Need to Know
Comatch
MAY 3, 2023
The acronym stands for Chat Generative Pre-Trained Transformer, which means that this model uses a deep-learning system called the transformer network (as described by Google in a landmark paper ) to understand context and emphasis in language and generate text responses.
Efficiency 52
52 
Oliver Wyman interview preparation: the inside story
Management Consulted
AUGUST 1, 2013
Oliver Wyman’s strategy consulting practice has made waves specifically in the financial services sector , and beyond as well. Now a subsidiary of Marsh & McLennan, Oliver Wyman is known to give MMC its strong reputation as experts over other insurance providers because of the firm’s focus on strategy. Public Policy.
Oliver Wyman 201
201 
China Accelerates Bad Debt Writeoffs; Reflections on "Policies to Counter Economic Volatility"
MishTalk
MARCH 30, 2014
Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result is China’s Big Banks Double Bad-Loan Write-Offs. That was up 127 per cent from 2012, and the highest since the banks were rescued from insolvency, recapitalised and publicly listed over the past decade.
Policies 73
73 
Networking 102: It’s Never Been More Important – And It Truly. Does. Work.
Management Consulted
JUNE 10, 2009
Say it’s May and there’s only one month left before Analyst training which effectively closes the window of opportunity. What’s the best technique to make contacts with these people in different divisions and how do you go about networking from one group within a bank to a different group?”. Finance-Specific Networking.
Finance 171
171 
Lessons From Events
Martinka Consulting
JANUARY 18, 2019
Some of the insights offered by our panel included: Make sure management wants to take on the responsibility of ownership, and, most importantly, they are willing to sign personal guarantees (and if there’s a bank use their home equity as collateral). Financing options, the bank and more. to make decisions.
Banking 40
40 
How to Handle Rejection from a Consulting Firm
Tom Spencer
OCTOBER 31, 2020
According to 80,000 HOURS , there are more highly qualified people than there are jobs at top strategy consulting firms, and it is implausible to be more than 50% confident that you can get an offer regardless of how qualified you are. There may be training or informal coaching you can undertake to help you develop. Refine Your Search.
The Top 8 Undergrad Consulting Majors
Management Consulted
OCTOBER 30, 2016
If you’re an undergrad with a desire to break in to consulting, an economics degree will train your mind to tackle problems and make you an attractive prospect for internships and Masters’ programs. To be successful in Finance and consulting, you don’t need just intelligence, but personality also.
Consulting 100
100 
Why consulting?
Management Consulted
OCTOBER 3, 2012
The prize for best answer was a FREE Consulting Case Bank and The Consulting Bible 3rd edition – a HUGE giveaway – so we weren’t surprised when we heard from so many of you. New ideas and strategies while working on the projects, finding different ways of doing things more effectively; I started feeling enthralled.
Consulting 204
204 
Another Ghost Town in China, This Time a Replica of Manhattan
MishTalk
JUNE 27, 2014
Ghost cities, ghost malls, and empty train stations in China have been in the news for years. A Tianjin local-government financing vehicle connected to the developments said revenue fell 68 percent in 2013 to an amount that’s less than one-third of debt due this year. Malinvestment in China proceeds at a staggering pace.
Hotels 78
78 
Dutch Central Bank President Cites "Financial Bubbles", Voices Strong Opposition to QE in TV Interview; Death by 1,000 Pin Pricks
MishTalk
JANUARY 26, 2015
Mario Draghi has strong opposition to his QE program from two sources: German central bank president Jens Weidmann and Dutch central Bank president Klaas Knot. In a television interview on Sunday, Dutch Central Bank Head Says He Doesn’t Support ECB Bond Purchases. De Hass Writes. Knot was very candid.
Banking 28
28 
Top 10 Consulting Firms In New York
Management Consulted
FEBRUARY 5, 2017
Some of the major practice areas that the NYC region focuses on are corporate development, corporate finance, digital economy, globalization, growth, information technology, marketing & sales operations, people and organization, post merger integration, risk management, strategy, sustainability, and transformation.
Consulting 157
157 
Learn By Teaching
Martinka Consulting
APRIL 19, 2015
It got me thinking, if you, whether you’re in manufacturing, banking or anything in-between, were training someone to fill-in for you while you take a month off, what are the top five things you would tell them to do? Now ask yourself, how many of those five things do you do as conscientiously as you should?
Finance 40
40 2016 Top 10 U.S. MBA programs for Management Consulting
Management Consulted
APRIL 20, 2016
But more than just teamwork, Kellogg also knows how to train you up in problem-solving skills. Tuck is also very strong in its technical skills training, especially regarding Excel modeling and executive presentations. But what makes Columbia an attractive school specifically for consulting firms, and not just investment banks?
Consulting 100
100 
Top 10 Consulting Firms in Boston
Management Consulted
JULY 2, 2017
The industry focus in Boston is on Financial Services, Wealth & Asset Management, Banking & Capital Markets, Insurance, Technology, Life Sciences & Health, and Private Equity. EY’s #3 Boston ranking – behind the prestigious BB firms – owes its honor mostly to Parthenon’s reputation for impressive strategy.
Oliver Wyman 72
72 
Pay your team right: A comprehensive guide to compensation
Asamby Consulting
OCTOBER 24, 2022
This blog post gives you the comprehensive answer: Why compensation is important How to structure your fixed salary components What options for variable pay are there How to pick the right perks and benefits What allowances are and what to pay them for What long-term incentives are out there How strategy and finance influence compensation Let's go!
ROI 40
40 
NERA Economic Consulting Interviews – Moving Up in a Down Economy
Management Consulted
SEPTEMBER 30, 2013
While MBB’s main focus is strategy, economic consulting firms like NERA focus is on economics first and strategy second. . Finance: Bankruptcy, Consumer Protection in Financial Services, Financial Institutions and Banking, Financial Risk Management. . Regulatory: Auctions, Regulatory Economics. .
The Risks and Benefits of Using AI to Detect Crime
Harvard Business
AUGUST 9, 2018
Many banks and large corporations employ artificial intelligence to detect and prevent fraud and money laundering. For instance, banks have been using transaction monitoring systems for decades based on pre-defined binary rules that require the output to be manually checked. Patrick George/Getty Images.
Banking 28
28 
8 Ways Machine Learning Is Improving Companies’ Work Processes
Harvard Business
MAY 31, 2017
Combined with profitability data, this allows organizations to optimize “next best action” strategies and personalize the end-to-end customer experience. Automating finance. This lets organizations reduce the amount of work outsourced to service centers and frees up finance staff to focus on strategic tasks.
Company 37
37 
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. Strategy & Business Executive. Strategy & Business Executive. Practice Areas. Digital Marketing, Sales & Customer Services.
BearingPoint 139
139 
The Economics of Why Companies Don’t Fix Their Toxic Cultures
Harvard Business
MARCH 22, 2018
My perspective and approach to misconduct risk are influenced by my work as a bank supervisor, and by my background and training as an economist. In my view, bank supervision must include attention to the culture at financial firms, not just to their financial safety and soundness.
Culture 35
35 
You Can Be a Great Leader and Also Have a Life
Harvard Business
DECEMBER 18, 2018
In regular phone calls and meetings for nearly two decades, as well as a biennial Pioneering Leaders summit, the group has been helping each other figure out how to work more effectively so they could have time for their lives, sharing successful strategies and learning from failures. “We kept trying. .”
Conference 53
53 
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. Corporate Finance/Restructuring.
Interviews 100
100 
Traveling for Work? You’re a Prime Target for Hackers
Harvard Business
SEPTEMBER 29, 2016
No corporate cybersecurity strategy is complete without a plan for safeguarding the organization’s data when business leaders are away. Here’s how: Train for awareness. For example, finance departments should outline a protocol that executives must follow in the event that they need to request money while traveling.
Travel 28
28 BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"
MishTalk
JULY 11, 2014
The question stems from lengthy (256 page PDF) from the BIS Annual Report (Bank for International Settlements) that stated among other things " The only source of lasting prosperity is a stronger supply side. Never before have central banks tried to push so hard. It is essential to move away from debt as the main engine of growth. "
Connecting Unemployed Youth with Organizations That Need Talent
Harvard Business
NOVEMBER 3, 2016
understands both hiring math and competitive strategy when it comes to filling entry-level jobs in its 3,000-plus Gap, Banana Republic, and Old Navy stores. The strategy offers them a rare trifecta: It’s good for the company, youth, and society. Across the U.S., With low unemployment, the competition for talent remains fierce.
Talent 28
28 
Red Pill, Blue Pill, Cognitive Dissonance, Pavlov's Dogs
MishTalk
JANUARY 5, 2015
On one hand, any observer with historical perspective knows not only that the overvaluation from this kind of speculation inevitably ends in tears, but also that the heavy issuance of new speculative and low-quality securities during the bubble finances and enables unproductive malinvestment that leaves the economy far worse off in the end.
Banking 28
28 
Brazil Succeeds Beyond Wildest Dreams in Winning "Currency War"
MishTalk
MARCH 9, 2015
Let''s also investigate comments made by former finance minister Guido Mantega about the Real. Exports are more expensive, imports are cheaper and it creates unfair competition for businesses in Brazil ,” said Guido Mantega, the finance minister who was the first to use the controversial term " currency war " in 2010.
Finance 28
28 
In Search of the Magic Wand: Career Change at Age 45 Possible?
MishTalk
FEBRUARY 25, 2015
From information technology (IT), to banking, to writing, to market analysis, to dog catching, corporations will want experience. In banking or finance (if not everything), my honest assessment is that someone would look at your age and experience and pass you over for someone younger, someone with more experience, or both.
Education 28
28 940 Chinese Firms Halt Trading; China Allows Houses as Margin, Bans Use of Term "Equity Disaster"; Two Rules, Two Questions
MishTalk
JULY 7, 2015
Two Rules Every bubble eventually bursts The bigger the bubble the bigger the bust Central banks globally have blown the biggest bubble ever in the wake of the 2008 crash. Over the weekend, the People’s Bank of China announced a plan to inject funds into a state-owned entity that lends to brokerage firms. Two Questions How fast?
Real Estate 28
28 
Why Companies That Wait to Adopt AI May Never Catch Up
Harvard Business
DECEMBER 6, 2018
While some companies — most large banks, Ford and GM, Pfizer, and virtually all tech firms — are aggressively adopting artificial intelligence, many are not. They are planning to be “fast followers” — a strategy that has worked with most information technologies.
Company 28
28 
Euro Sucks Italian Blood; Prime Minister Blames Tax Evasion
MishTalk
JULY 28, 2013
Get Involved The State of the Unions Finances: A Citizens Guide. They are 15 percent lower than Belgian and French wages and 30 percent lower than wages in Germany, according to a current Bank of Italy comparison. And unit labor costs are about 30 percent higher than German levels, say central bank officials. Home Builders.
Real Estate 77
77 How to Beat Mid-Career Malaise
Harvard Business
AUGUST 2, 2018
If these strategies don’t have their desired effect, it could be a sign that you need to make a dramatic move , Johnson says. A trained lawyer, James spent more than 20 years working in the legal industry in various capacities. Finances were a consideration. ” Consider a career change.
How To 47
47 Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation?
MishTalk
AUGUST 7, 2013
Get Involved The State of the Unions Finances: A Citizens Guide. With little or no bank lending growth, decelerating wage growth, and trend growth of real GDP per capita at 0% to negative implies the 3- and 5-year change rates of US M2+ will decelerate from 2-3% to 0-1% in the next 5-6 years as occurred during the early to late 00s in Japan.
The Consulting Bible – Dominate Your McKinsey, Bain and BCG Fit and Consulting Case Interviews
Management Consulted
FEBRUARY 5, 2009
” “I bought your Consulting Bible training course several weeks ago in a frantic, last-minute attempt to prepare for upcoming consulting interviews. It’s a fit, experiential, and case interview training course that is instantly delivered to you minutes after you order. ” -Giulia, Chicago Booth alum.
Case Interview 175
175 
The Most Common Money Fears of Consultants & Coaches (and How to Get Over Them)
Consulting Matters
JANUARY 29, 2020
Invest in specialized business development support and training with the full expectation it will pay off. When I started my business, I was a single mom with only $200 in the bank. I had just come through a divorce the decimated my finances. Sure they may ask for a training program to develop their leadership talent.
Consulting 177
177 
There Are Two Types of Performance — but Most Organizations Only Focus on One
Harvard Business
OCTOBER 10, 2017
Workers were carefully trained to follow processes exactly as they were laid out. Tactical performance is how effectively your organization sticks to its strategy. The second type, known as adaptive performance , is how effectively your organization diverges from its strategy. The Strategy Trap Successful Companies Fall Into.
Metrics 37
37 Mish's Global Economic Trend Analysis: IMF "Baseline Scenario.
MishTalk
AUGUST 3, 2013
Get Involved The State of the Unions Finances: A Citizens Guide. The head of the IMF Mission explained that to ensure job creation Spain needs a further increase in wage flexibility, improvement in training for the unemployed, reduced taxes and elimination of regulations that discourage hiring. Bank Lending, Jobs, The Great Retrace.
Analysis 71
71 IBM Consulting Interviews: Navigating the IBM GBS Maze
Management Consulted
OCTOBER 18, 2013
Those divisions are IT Services, Global Business Services, Outsourcing Services, Training, and Additional Services – because it’s super clear to have an amorphous Additional Services bucket, right? In 1991, IBM approved a new world-wide services strategy to make IBM a world class services company by 1994. Finance Risk.
IBM GBS 203
203 What CEOs Get Wrong About Activist Investors
Harvard Business
MAY 1, 2018
We have written extensively on shareholder activism , and one of us coauthored a study in the Journal of Finance showing that, on average, activists produce value for targeted companies. By contrast, World Bank data suggests that the average holding period in 2015 for public company shares globally was just over seven months.
Real Estate 28
28 
Let's personalize your content