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 Recruiting 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. Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases.
Banking 
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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. Below I spotlight two types of programs within many leading consulting firms and banks. Compensation.
Resources 78
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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
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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
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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. However, boutique firms lack formal training programs – the culture is more of a sink or swim model.
Consulting 78
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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.
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
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7 Compensation Strategies for Cash-Strapped Startups
Harvard Business
JULY 12, 2018
As a startup founder, I’m constantly struggling to recruit top talent without breaking the bank. How do you recruit a developer making well into six figures, or an experienced salesperson with four kids in private school? Invest in training and professional development.
Strategy 33
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Brews, News and Booz & Company: Interview and Culture Insights
Management Consulted
AUGUST 28, 2013
He began by helping firms recruit competent executives, acquire new customers, and establish conducive office space. After 2 years, he recruited 2 friends from Chicago and formed the Business Research and Development Company with $500 borrowed from the bank. This idea became a theory, and he developed a practice.
Interviews 181
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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. 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. Buckle up; here we go! 2015 class size: 635.
Consulting 100
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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?” Say it’s May and there’s only one month left before Analyst training which effectively closes the window of opportunity.
Finance 171
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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.
Consulting 91
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Top 10 Consulting Firms In New York
Management Consulted
FEBRUARY 5, 2017
As usual getting into McKinsey is tough, but it’s even tougher in NYC – with many target recruiting schools nearby and hundreds of aspirants swarming to locate in NY, it’s a highly competitive office. Bank of New York, AIG, Depository Trust, Standard & Poor’s, etc.). The Boston Consulting Group.
Consulting 157
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3 Steps to Cultivate an Innovation Culture
Organizational Talent Consulting
JULY 24, 2023
A financial services company engaged in investment banking and capital markets estimated the customer benefit of the Space X Falcon 9 reusable rocket. Mindfulness: Mindfulness-based stress-reduction meditation training has been shown to have a positive outcome in overcoming the fear of failure. million per launch.
Culture 52
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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 key reason?
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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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. . Generating revenue growth .
Metrics 76
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A Commercial Pilot’s 2-Year Plan to Break into Consulting
Management Consulted
SEPTEMBER 24, 2014
If you’re in the same boat – wanting to break in, but without a strategy – check out what we have to say below, and feel free to sign up for a Power Half Hour. It’s unfortunate, but my flight training isn’t reflected in my GPA. When I went through my flight training I was at the top of my class. It’s annually.
Consulting 125
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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. By 2002, their agreement, their strategy and their implementation appeared to have paid off, as Alvarez & Marsal’s client base continued to diversify. . ALVAREZ & MARSAL CONSULTING.
Interviews 100
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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. BEARINGPOINT INTERVIEWS AND RECRUITING. Practice Areas.
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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
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Save Lives vs. Save the Economy
CaseInterview.com
MARCH 30, 2020
In the Great Recession, the US Economy had a financial services sector (think investment banks) that grew in size until it was far larger than the economy needed to make the economy run. The investment banking sector became so big, so powerful, and so profitable that it started recruiting talent out of other industries.
Financial 145
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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. However, Finance is mostly a pipeline in to investment banking. Honorable Mention – Honorable Mention goes to History.
Consulting 100
100 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. Private Equity.
Interviews 100
100 
Advisory Board Company Interviews and Culture
Management Consulted
MARCH 9, 2014
The Advisory Board Company serves a number of industries with memberships, but the overwhelming majority of the consulting services (strategy and implementation) are in the firm’s core healthcare space. THE ADVISORY BOARD COMPANY INTERVIEWS AND RECRUITING. The Consulting Case Bank - 550+ Practice Cases. Industries.
Interviews 147
147 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.
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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
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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
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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
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Research: How You Feel About Individualism Is Influenced by Your Social Class
Harvard Business
MAY 22, 2017
” Workplaces tend to recruit and reward employees who take charge, confidently express their ideas and opinions, and promote themselves. Drawing from this research, teachers and managers can use certain strategies to help their students and employees from working-class backgrounds realize their potential.
Research 38
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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. For example, banks can use historical transaction data to build algorithms that recognize fraudulent behavior. Hiring the right people. Smoother supply chains.
Company 37
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Just How Bad Is Business Travel for Your Health? Here’s the Data.
Harvard Business
MAY 31, 2018
A study of health insurance claims among World Bank staff and consultants found that travelers had significantly higher claims than their non-traveling peers for all conditions considered, including chronic diseases such as asthma and back disorders. The highest increase in health related claims was for the stress-related disorders.
Travel 29
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Launching the Consulting Case Interview Bootcamp – Online
Management Consulted
MAY 5, 2015
Once you’ve completed the course, you will be able to walk into any interview, with any firm, knowing you’ve been prepared by the best – but more importantly – knowing that you, yourself have put in the hours and done the hard work to build top strategy skills from the ground up. Consulting Case Bank access.
Case Interview 100
100 
Hay Group Interviews and Culture
Management Consulted
MAY 10, 2015
A global firm with a very interesting history, they’re known for motivating, developing and training their clients’ staff as well as the for research they carry out on the companies they work with. Reward strategies. Turning strategies into reality. HAY GROUP INTERVIEWS AND RECRUITING. Capability assessment. Industries .
Groups 100
100 
What So Many Strategists Get Wrong About Digital Disruption
Harvard Business
JANUARY 3, 2017
Therefore, when making strategy, the focus should be on identifying complements, rather than assuming complete substitution. As a firm, McKinsey finds consulting projects and then matches them with people they have recruited and trained. Geography (still) matters. And that’s how they have always done it.
Industry 37
37 Business Spotlight: Stanford GBS grad launches Returnships
Management Consulted
FEBRUARY 24, 2015
It’s their largest portfolio investment ever, and one of the things I did for them was to develop their MBA recruiting strategy, and their MBA internship program. Interestingly, I’ve also had conversations with Airbnb, Walmart and Silicon Valley Bank, which have actually been hugely responsive. Absolutely.
Case Interview 100
100 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. What you should never say when asked questions about your recruiting status (pg. Even though I’m in marketing, your advice is so pertinent to a variety of industries.”
Case Interview 175
175 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.
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Networking, Practice, and Extreme Preparation
CaseInterview.com
NOVEMBER 13, 2019
I first came across your materials [ last year ] as I was about to undergo undergraduate internship recruiting at [ U.S. While that has been a great experience, I ultimately found my greatest training and instruction in how to prepare for case interviews from your website and materials. University ].
Research: When Boards Broaden Their Definition of Diversity, Women and People of Color Lose Out
Harvard Business
OCTOBER 3, 2018
” Similarly, Korn Ferry, a global management consulting firm, urges firms to reorient their recruiting efforts to emphasize “diverse perspectives, experiences, and contributions.” Director and recruiter interviews confirm evidence procured from company disclosures. Bank of New York Mellon is illustrative.
Research 31
31 Career Bankers Alone Can’t Solve the Financial Industry’s Problems
Harvard Business
OCTOBER 31, 2016
The banking industry is mired in a state of permanent crisis. Some firms, like Deutsche Bank, are still trying to clamber out of holes they dug before the financial meltdown, negotiating multibillion-dollar settlements with the Department of Justice. We have entered the world of ultra specialists. They also develop transferable skills.
Financial 28
28 When AI Becomes the New Face of Your Brand
Harvard Business
JUNE 27, 2017
These include customer service (39% of companies), marketing and sales (35%), and even the managing of noncustomer external relationships (28%) where brand power is key, such as in attracting top talent into the organization’s recruiting pipeline. Beyond Chatbots.
Ethics 32
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Entrepreneurship Needs to Be a Bigger Part of U.S. Foreign Aid
Harvard Business
AUGUST 15, 2016
” And the Legatum Institute, when aggregating data from the World Bank, the United Nations, and elsewhere to formulate its Prosperity Index , has found that of its many indicators, “entrepreneurship & opportunity” correlates most strongly with a country’s overall prosperity.
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