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.
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.
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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.
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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.
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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. There may be training or informal coaching you can undertake to help you develop. The key thing to do after a rejection is to reflect on the interview process and ask for feedback.
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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Oliver Wyman interview preparation: the inside story
Management Consulted
AUGUST 1, 2013
Corporate and Institutional Banking. Retail and Business Banking. They offer in-depth initial training (1 week), the chance to be an active part of projects, and close support from managers. For Consulting roles, Oliver Wyman recruits in 60 top schools all over the world. Surface Transportation. Public Policy.
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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.
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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.
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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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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.
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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 .
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Welcome to new readers plus a few questions answered
Management Consulted
DECEMBER 27, 2008
Management Consulting versus Investment Banking. Overview of the Management Consulting Recruiting Process. The training – both on the job and formal – was continuous and applicable far beyond management consulting. UPCOMING POSTS: More detail on each component of the recruiting process. Top 10 Resume Tips.
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Short blogging break plus preview of what’s coming up at Management Consulted
Management Consulted
DECEMBER 30, 2008
Hi readers: I hate to pause the blog train, but for the next few days I will be traveling and enjoying the last moments of 2008. You’ll learn everything I know about recruiting for and working at the top businesses in the world. You can expect my posting to start again on Friday, January 2.
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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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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. BOOZ & COMPANY INTERVIEWS AND RECRUITING.
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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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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.
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A Commercial Pilot’s 2-Year Plan to Break into Consulting
Management Consulted
SEPTEMBER 24, 2014
So I just started really getting training for and looking for opportunities in project management in the media space, and after about a year-and-a-half of just building up the skill set necessary to get one of those roles, I landed a job for a small production company here in Atlanta. I was the best student my instructors had. Let’s see here.
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NERA Economic Consulting Interviews – Moving Up in a Down Economy
Management Consulted
SEPTEMBER 30, 2013
Finance: Bankruptcy, Consumer Protection in Financial Services, Financial Institutions and Banking, Financial Risk Management. . They post available internships during the winter months on Marsh & McLennan’s recruiting website. . NERA ECONOMIC CONSULTING INTERVIEWS & RECRUITING. . Employee Lifestyle. .
BearingPoint Interview Preparation – Mystery or History?
Management Consulted
JANUARY 20, 2014
” This is an international training week to learn more about the company and build a personal network within the firm. Lots of excellent training is available and other co-consultants are very helpful. BEARINGPOINT INTERVIEWS AND RECRUITING. If BearingPoint comes to your school to recruit, let us know! Industries.
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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.
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How to Assess Entry-Level Product Manger Positions
Tom Spencer
AUGUST 3, 2019
If you have views on on-boarding, shaping, and training young product managers, you can effectively mold these programs to fit your vision. Here are some questions to ask your recruiter, interviewer or APM coordinator: How long has the APM program been around? How many cohorts have graduated from it? How big is the average cohort?
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60 Gallup Consulting Interviews and Culture
Management Consulted
MAY 25, 2014
Be warned that their training is not as formal as most top firms. ” GALLUP CONSULTING INTERVIEWS AND RECRUITING. In Person Interview with Recruiter. The world is broken up into regions and Gallup has assigned recruiters to those regions. The recruiters host events advertised through Gallup Career page here.
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How to Strengthen Your Reputation as an Employer
Harvard Business
MAY 16, 2018
In other words, what employees saw on a careers site or on their company’s social channels, or what they heard from recruiters, was often inconsistent with what they experienced when they joined the company. They can benefit greatly from assessing the distance between their recruitment marketing and the actual employee experience.
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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.
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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.
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Tour in the Sewer: Creating Significant Emotional Experiences
Confessions of a Consultant
JUNE 3, 2018
We were running a training program in Antwerp with an engineering crew from a large pharmaceutical company. Participants, having flown half way around the world, need to see something more than the inside of a training room. A lot of training is boring. Don’t just run training programmes for your people.
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.
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Advisory Board Company Interviews and Culture
Management Consulted
MARCH 9, 2014
Also, the compensation is lower than the industry standard, which is a reason why many people leave the firm – they get trained, and they get out. THE ADVISORY BOARD COMPANY INTERVIEWS AND RECRUITING. during the 2014 spring season (this list is not inclusive of all the schools they recruit from): Wake Forest University.
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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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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.
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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. You are trained on how to get into a CEO’s mindset within a lifetime of an engagement while being an outsider. ” Brown Noser.
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8 Ways Machine Learning Is Improving Companies’ Work Processes
Harvard Business
MAY 31, 2017
Corporate job openings pull in about 250 résumés apiece, and over half of surveyed recruiters say shortlisting qualified candidates is the most difficult part of their job. For example, banks can use historical transaction data to build algorithms that recognize fraudulent behavior. Hiring the right people.
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44 Access to Digital Technology Accelerates Global Gender Equality
Harvard Business
MAY 17, 2016
We combined our survey findings with data from organizations such as the World Bank on education enrollment, labor participation rates, and the rates of women in managerial roles. as several national nonprofit initiatives, such as EveryoneOn , are delivering training at the local level.
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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.
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28 Why I Never Wanted to Be a Consultant: Confessions of a Bain Consultant
Management Consulted
FEBRUARY 22, 2015
I had less than $500 in my bank account, and some years ran it down to under $20 by the end of the semester. Ironically, I got 3 top internship interviews out of it, one with Goldman Sachs for investment banking in New York. One guy, when asked why he did banking, said – “The money is really awesome.”
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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. Hiring managers and admissions officers could be trained to look for students or employees who have demonstrated an ability to be a team player and adjust to others.
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MC Coach Interview: My First Year at McKinsey
Management Consulted
MARCH 29, 2015
I was going down the route of finance, asset management, investment banking, or something like that. And how was the actual recruitment process for you? One of the guys does mostly investment banking, and he gave me a tough insurance case. I started researching management consulting online, and it really seemed up my alley.
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Launching the Consulting Case Interview Bootcamp – Online
Management Consulted
MAY 5, 2015
Consulting Case Bank access. If you want to be trained and equipped by experts in the field of consulting, this is the bootcamp for you. Peak recruiting season is just around the corner – get started today ! What’s included: 32 lessons. 9 hours of video content. Action-oriented homework. Partner and individual activities.
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Pay your team right: A comprehensive guide to compensation
Asamby Consulting
OCTOBER 24, 2022
Next to effective recruiting, getting compensation right is one of the most important tools to position your company well in the market. The general level of pay in investment banking is much higher than for cleaning jobs. This has to do with training, budget, infrastructure, processes and many more dimensions.
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You Can Be a Great Leader and Also Have a Life
Harvard Business
DECEMBER 18, 2018
.” As a result, Axelrod has worked to create a culture where everyone can have time for work and life, promoting flexible and remote work and opening an office closer to where people live to cut down on commutes – efforts which have reduced turnover and recruiting and training costs, and increased employee morale and productivity.
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How HR Can Become Agile (and Why It Needs To)
Harvard Business
JUNE 19, 2017
Consider the cautionary example of a large bank I recently worked with. These ideas and practices, however, were nowhere to be found in the evaluation criteria of the bank’s employees. The team I was engaged with had its agile vocabulary down. Go and See.
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