Tom Spencer

JUNE 2, 2023

years in management consulting, I transitioned to a Fortune 50 US company in an internal strategy role. Having had about a year on the new job, I want to highlight the benefits of this transition to give the many consultants out there some perspective. Last year, after 2.5 Internal strategy isn’t for everyone.

Strategy 88

Strategy Strategy Strategy& Consulting 88

David A Fields

JULY 10, 2015

A consultant called me yesterday with this question: A prospect called me out of the blue (hooray!) They’ve told me they are also looking at other companies and hinted that they’ll want me to come in to meet with them and go through my approach. They’re halfway across the country, so travel expenses would definitely be involved.

Travel 150

Travel Meeting Consulting Company 150

Tom Spencer

NOVEMBER 10, 2023

While consultants do need strong analytical skills, the latter half of this saying holds true; you need to network. As any aspiring management consultant knows, networking is both an art and a science. A common adage within business states that “it’s not about what you know, but who you know”.

Consulting 88

Consulting Interviews Industry Ethics 88

CaseInterview.com

MAY 26, 2023

Management consulting is an industry that offers assistance with this kind of high-level decision-making and problem-solving. Management Consultants help businesses make strategic decisions that directly impact the entire company. What is Management Consulting A lot of people ask me, “What is management consulting exactly?”It’s

Management 105

Management Consulting Bain Deloitte 105

Consulting Matters

NOVEMBER 12, 2020

This year marked my official 10 year anniversary of starting my own consulting business. It was back in 2010 when I officially launched my website and grew my consulting business from $0-$300,000 in the first 18 months. And dang it, when it comes to organizational consulting - I knew what I was talking about. I could write.

Consulting 296

Consulting Travel Tools Company 296

Tom Spencer

JULY 7, 2023

I previously wrote a similar article for those in consulting coming from undergrad. Now I want to highlight the outlook for those who joined consulting from grad school. Compensation Factors Leaving consulting for most people means taking a temporary pay cut in total take-home pay.

Consulting 78

Consulting Hotels Travel Groups 78

Tom Spencer

FEBRUARY 22, 2020

What is Consulting? Many of us have heard the term consulting before, whether it comes up in a chat with friends about making money or just throwing around the term loosely when trying to come up with an entrepreneurial idea. What does consulting actually mean and is consulting right for you?

Consulting 88

Consulting Management Boston Consulting Group Travel 88

Tom Spencer

FEBRUARY 1, 2020

When people think of consultants, they tend to visualize professionally suited employees, degrees from the best schools, high pay-checks and fancy travel stories. Consulting though has many aspects – it’s not just about smooth talking. What are the different types of consultants? What does ‘consulting’ mean?

Consulting 135

Consulting Operations Financial Real Estate 135

Tom Spencer

AUGUST 18, 2023

Marketing consultants advise companies on marketing strategies and campaigns. Marketing consultants may work as freelancers, or as part of a digital agency (such as Slalom ), marketing agency (such as Ogilvy ), or larger firm that has digital and marketing capabilities (such as McKinsey Digital or BCG X ).

Marketing 78

Marketing Consulting Case Interview Interviews 78

Tom Spencer

JUNE 6, 2021

At about the 3-year mark after entering consulting most consultants who matriculated directly from undergrad begin to seriously consider their next steps. For prospective and current consultants alike, I want to highlight the reflections and career pathways taken by such consultants. Pivot to Industry. Pivot to Start-Ups.

Consulting 103

Consulting Consulting Lifestyle Industry Policies 103

Tom Spencer

SEPTEMBER 19, 2020

The travel and hospitality industries have been decimated, stock markets around the world have tanked, and governments struggle to combat this devil on so many fronts. How certain can you be that your internship or full time offer from a consulting firm will hold? There are going to be firms and companies that go under.

Consulting 103

Consulting Balance Sheet Cash Flow Real Estate 103

Tom Spencer

AUGUST 15, 2021

Billy Gerhard is a consultant in the Philadelphia office of the Boston Consulting Group, a Big 3 management consulting firm. What got you interested in consulting? Consulting was a way to apply my problem-solving approach to different problems faced by all kinds of businesses. In 2019, he received his Ph.D.

Consulting 88

Consulting Boston Consulting Group Engineering Case Interview 88

Tom Spencer

FEBRUARY 16, 2019

When fortunate enough to have more than one consulting offer, a common sentiment is to go for the firm that is more prestigious or pays the most (oftentimes those go hand and hand). However, I always recommend that anyone who gets more than one consulting offer should think beyond prestige and pay. Areas of strength and growth.

Consulting 110

Consulting Travel Hotels Talent 110

Tom Spencer

NOVEMBER 19, 2021

Business development consulting is about helping businesses grow sales and profits in order to achieve their strategic objectives. Business development consultants enable companies to reach their full potential and rescue companies that are struggling to survive. We heard bad things about your company. Who are you?

Development 88

Development Consulting B2C B2B 88

Tom Spencer

MARCH 21, 2021

As a regular mentor to new consultants, I regularly find myself addressing some challenges of consulting life by simply recommending gear acquisitions based upon my personal experience. For those who are about to matriculate into consulting or recently started, this can really help you start off well equipped. Wireless Mouse.

Consulting 97

Consulting Real Estate Travel Wireless 97

Tom Spencer

JANUARY 31, 2021

One of the most mentioned career paths after graduating from Harvard is consulting. It is one of the few industries, apart from investment banking, that is a stereotype for every graduating class, and people start preparing for it from freshman year through joining multiple consulting clubs on campus. Exit Opportunities. Compensation.

Consulting 88

Consulting Finance Industry Study 88

Tom Spencer

AUGUST 26, 2022

When asked what consulting firms do, consultants often simplify the industry by describing it as a “one-stop shop” for formulating and implementing strategies that lead to solutions for their clients. As an individual working for a consulting firm, your role may not be so broad. Are you able to stand out from the crowd?

Management 88

Management Consulting Accenture Industry 88

Tom Spencer

FEBRUARY 24, 2023

There are 3 soft skills in particular that I like to call the 3C’s of consulting: confidence, collaboration, and communication. Confidence The first soft skill that will aid you in your consulting career is confidence. Within the world of consulting, however, there isn’t always a right answer or solution to the problem at hand.

Consulting 78

Consulting Case Interview Interviews Travel 78

Consulting Matters

JUNE 30, 2020

So, you want to start a consulting business? Or interested in taking your consulting business the next level? Most high-achieving professionals at some point in their career dream of ditching the pressure of the 70-hour workweeks and start a consulting business. Why Smart People Start Consulting Businesses.

Study 156

Study Consulting Survey Methodologies 156

Successful Independent Consulting

FEBRUARY 11, 2017

The biggest stressor for self-employed management consultants is business development: how to cultivate meaningful regular work. First, consultants are good at helping clients solve problems but usually aren’t trained in sales or marketing. Independent consulting is no different. It’s vexing for a variety of reasons.

Development 199

Development Consulting Real Estate Sports 199

Successful Independent Consulting

NOVEMBER 30, 2017

Recently I helped a consultant land a $420,000 consulting contract. It’s an 11-month project for one consultant: $320k in consulting fees and another $100k for travel expenses. I’ve excluded my company’s agency fee in these numbers; the actual budget was a bit larger. That’s not a typo. Nothing came of it.

Consulting 186

Consulting Development Course Meeting 186

Tom Spencer

MAY 16, 2021

For many ambitious university students, management consulting can seem like the ideal industry to start a successful and fulfilling career. However, I discovered 5 reasons why consulting jobs are not as glamorous as advertised : A poor work-life-balance, with little time for hobbies and social activities.

Consulting 79

Consulting Sales Software Industry 79

Tom Spencer

AUGUST 22, 2021

Dane Sequeira was an advanced professional degree consultant at the Boston Consulting Group. What got you interested in the path to consulting? When you are interviewing with consulting firms, what made you look at Boston Consulting Group compared to some other big firms or specialty firms?

Consulting 88

Consulting Boston Consulting Group Engineering Recruiting 88

Management Consulted

MAY 28, 2017

Have we got a treat for you today, as we highlight up-and-coming software consulting firm Bulger Partners. 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. BULGER PARTNERS.

Software 165

Software Strategy Strategy Strategy& 165

Markovitz Consulting

DECEMBER 1, 2020

Recent research from the Boston Consulting Group confirms that employees can do better work when they’re liberated from much of the bureaucratic cruft that passes for daily management. According to BCG’s analysis , productivity at companies that have shifted to remote work has increased between 15% and 40%. Low-value travel?

Boston Consulting Group 259

Boston Consulting Group Travel Meeting Productivity 259

Tom Spencer

MAY 4, 2019

Is a job in consulting really what you expect it will be when you are a student, knee-deep in case prep and coffee chats? In this series , we hear from new consultants who were recently in those shoes, and what their experience has actually been like during the transition from the dream to the day-to-day reality of consulting work.

Consulting 113

Consulting Case Interview Bain Analysis 113

Tom Spencer

APRIL 4, 2021

Ever since I started my undergraduate degree, I was keen on securing a job in strategy consulting. A few years at a top tier consulting firm will look fantastic on your CV and can open up many career opportunities. On top of that, travelling every week is a lot less romantic than it sounds. The pay and the reputation are great.

Advertising 88

Advertising Consulting Hotels Travel 88

Clarity Consultants

JUNE 10, 2021

During the pandemic, the travel, leisure, and hospitality industries ground to a near halt. Many companies were not allowed to operate for several months, and even as reopenings move forward, many had their maximum capacities limited. appeared first on Clarity Consultants - Training Development.

Training 109

Training Training Travel Industry 109

Management Consulted

OCTOBER 3, 2012

Last week we held an MC exclusive subscriber giveaway contest – entrants told us in 200 words or less how they became interested in consulting. 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.

Consulting 204

Consulting Case Interview Interviews Engineering 204

CaseInterview.com

FEBRUARY 7, 2019

What are the Top Consulting Firms? While it sometimes seems that everyone wants to get into the top 3 strategy consulting firms McKinsey, Boston Consulting Group (BCG), and Bain & Company (Bain), also known as MBB , it's worth noting that there are several other top consulting firms that can give a career a real boost.

Oliver Wyman 81

Oliver Wyman Boston Consulting Group Consulting Bain 81

Tom Spencer

APRIL 11, 2021

For the ultimate assessment of one’s skills, a student might participate in a semester long capstone design project, conduct a semester long research study in a laboratory, or develop an innovative product for a start-up company. Preparing for a career in consulting contains milestones that roughly resemble this process.

Consulting 88

Consulting Case Interview Analysis Interviews 88

Tom Spencer

APRIL 27, 2019

For those of you who signed a consulting offer, congrats! Post-graduation start-dates generally range from starting almost immediately (June) to what has colloquially been referred to as the “travel around the world” start date (early in the next calendar year). Combine Global Travel with Learning Opportunities.

Consulting 113

Consulting Travel How To Transportation 113

Johanna Rothman

MARCH 1, 2024

Everyone was leaving the conference, and some people left my talk early so they could manage their travel. And they brought me into their companies to deliver my project portfolio workshop. The post 60 Seconds of Johanna’s WIP for March 1, 2024 appeared first on Johanna Rothman, Management Consultant.

Conference 78

Conference Travel Groups Consulting 78

Tom Spencer

DECEMBER 23, 2017

Having a successful career in consulting requires sustained motivation. A sensible first step towards a consulting-career would be to understand whether you have what it takes to excel in consulting. Here is a list of six skills that will make a difference in your consulting career and ensure your long-term success.

Consulting 124

Consulting Industry Case Interview Analysis 124

Tom Spencer

SEPTEMBER 15, 2023

In short, it means that companies are expanding beyond their traditional core products in order to increase opportunities for cross-selling and to boost customer ownership. Alternatively, an accounting software company might offer additional services that cover legal incorporation, logo design, CRM, inventory management, and invoicing.

Telecommunications 88

Telecommunications B2B Travel Banking 88

Effective Managers

FEBRUARY 24, 2023

One of the pleasures of being a Certified Management Consultant is to meet and collaborate with CMC peers from around the world. One such colleague is Altantuya Altankhuu (Tuya), currently the Chair of our management consulting Institute in Mongolia. Tuya has and has kindly allowed me to reprint the text of her speech here.

Consulting 52

Consulting Training Training Banking 52

Tom Spencer

MARCH 8, 2024

From entrepreneurs putting a new product on the market to executives at a public company revamping a product line, effective pricing is a key pillar of any successful sales and marketing strategy. In an ideal world, companies would be able to set prices through price discrimination , which means charging a different price to each customer.

Productivity 158

Productivity Sales Marketing Strategy 158