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4 Ways to Develop Practical Business Understanding for Consulting

Management Consulted

Many history, English, and art majors, engineers, and law students – all of interest to consulting firms, but lacking in business basics – come to us asking how they can develop their business understanding to prepare for consulting interviews. Next, analyze the data and develop actionable strategies to improve the business.

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Why Your Employees Aren't Committed to Your Company Strategy

Organizational Talent Consulting

This is alarming, given evidence a direct positive correlation exists between employee commitment to strategy and employee involvement in strategy development. Here is what leaders need to know to be more inclusive in strategy development and how to overcome three common barriers. Ideas are tagged and compared through comparison sorts.

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Can Consulting Make a Positive Social Impact?

Tom Spencer

Let us look at an example as a sort of case study. Each project lasts one semester, during which the students perform services for various community organizations, such as evaluating the impact of certain parameters on profit, implementing new tools and technologies, developing strategic financial plans, and more.

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Student consulting – it does more than deliver

Tom Spencer

This results in a misplaced comparison between the abilities of an experienced consultant and that of a student one. The comparison is misplaced because nobody would expect a student to work at, or even remotely near, the same level as a professional because they are students. You get to develop or learn new skills.

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London School of Economics Postgrad Talks About Life At Deloitte

Management Consulted

The atmosphere itself, and the interview itself was very, very different in the fact that the big four in the UK in comparison to the MBB over here really focus a lot less on the case study. I think out of the four firms, I think I only had one case interview, which happened to be at Deloitte. Don’t be a stranger to MC!

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Consulting Applications – Preparation is key to success

Tom Spencer

They have a broader approach to consulting so you get to try different types before specializing, in comparison to the Big Four or boutique firms in which you specialise almost straight away. Vivien Zhu is a recent graduate from the University of Oxford, which is where her interest in consulting first developed. Image: Pexels.

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Transitioning from Management Consulting to Corporate Strategy/M&A – the Decision Making Process

Tom Spencer

As an alternative, I’ve decided to walk through the decision-making process on how and why I chose to switch out of consulting, and the various interview processes I went through spanning corporate strategy, corporate development, and BizOps roles. Prioritize skill development over compensation. Factors that you may want to consider.