Tom Spencer

DECEMBER 16, 2022

Business organisations and management consultants have long had a contractual rather than an employer/employee relationship. Consultants are one example of these contractual workers in the sense that consulting firms are legally bound by a contractual agreement to their respective client. The bottom line.

Consulting 97

Consulting Accenture Industry Talent 97

Tom Spencer

MARCH 3, 2023

One of my biggest fears when I first gained an interest in consulting was that I was simply ineligible as a non-business student. Breaking into the consulting industry with a non-business degree can be challenging as a sizeable portion of hires are from top business schools, but non-business hires are on the rise.

Consulting 88

Consulting Cover Letters Recruiting Recruitment 88

Steve Shu Consulting

OCTOBER 8, 2017

Prior to my current role, I spent many years in the traditional management consulting space. As I see it, the traditional segment of the management consulting industry values MBAs primarily because it facilitates a plug-and-play kind of model where people are interchangeable and can start working on a broad swathe of business problems.

Management 150

Management Consulting Methodologies McKinsey 150

Steve Shu Consulting

SEPTEMBER 2, 2022

The second perspective was that there are so many different behavioral elements at play when we think about different people, the interplay of fast, automatic thinking versus slow, reflective thinking; the digital world, and the numerous challenges of finance.

Interviews 259

Interviews Management Finance Banking 259

Tom Spencer

JULY 7, 2023

During one of my recent consulting experiences, I received a piece of advice from my supervisor that saved our engagement. His advice was specific to consulting, but applicable to other areas of business too. Moreover, a large client will often avoid responding to data requests, even if it paid top dollar for the consulting services.

Data 78

Data Consulting Balance Sheet Analysis 78

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. Working Hours.

Consulting 88

Consulting Finance Industry Study 88

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 then to complicate my challenges, I found myself in an unexpected divorce that literally decimated my finances.

Consulting 296

Consulting Travel Tools Company 296

Tom Spencer

JANUARY 20, 2023

Consulting is one of the most prestigious careers you can pursue upon graduation. Every year thousands flock to apply to top consulting firms such as McKinsey and Company, Bain and Company, and Boston Consulting Group (BCG). For instance, 3 years at MBB might be equated to 5-6 years of experience in a typical office environment.

Consulting 88

Consulting Boston Consulting Group Bain Banking 88

Tom Spencer

APRIL 1, 2022

This article will examine some of the transitions that the pandemic has precipitated in the consulting industry , and prognosticate about what the future face of consulting will look like in a post pandemic world. Shift 3: Internal Consulting. Shift 4: Sustainability Consulting. However, the changes don’t stop there.

Industry 88

Industry Consulting Ethics Culture 88

The Consultants Peer Group

JUNE 14, 2023

Where’s the lead sentence of my March 28, 2023 Blog, Consulting Ethics Concern Once Again , “Lack of consulting ethics once again. I went on to describe some recent consulting ethics lapses and proposed fixes. It doesn’t have to be but here are my thoughts.”

Ethics 52

Ethics Consulting Finance Industry 52

Management Consulted

JULY 22, 2013

In our last post, we discussed 5 major differences between 2 prominent types of consulting. 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. Missed part one?

Financial 194

Financial Consulting Strategy Strategy 194

Asamby Consulting

DECEMBER 14, 2022

Time to bring in a consultant. But what does a consultant for small business cost? What is a consultant for small business A consultant for small business helps smaller organizations achieve their goals. The clients these consultants work with are no larger than 250 employees, typically between 15 and 100 employees.

Small Business 52

Small Business Cash Flow Consulting ROI 52

Steve Shu Consulting

MARCH 21, 2014

Since this blog has a long history covering management consulting, I thought I would share some thoughts on integrating behavioral economics into the practice of consulting. For example, why do some people help or punish others when it is not in their best economics interests to do so?

Consulting 150

Consulting Finance System Sales 150

Tom Spencer

OCTOBER 16, 2021

Knowing the ins and outs of upcoming trends in finance is indispensable for any aspiring consultant. A prime example for such a question is how finance is adapting to the issue of climate change, and might assist its mitigation. Green Finance. Final thoughts. Image: Pexels.

Financial 88

Financial Insurance Insurance Finance 88

Tom Spencer

NOVEMBER 30, 2019

Consulting-style case interviews are highly effective, and the same format is being adopted more and more widely. The major consultancies have converged on a largely identical interview style, precisely because it excels in picking out the most genuinely capable candidates from the huge pools of applications received.

Case Interview 78

Case Interview Interviews Consulting Case Study 78

Steve Shu Consulting

JANUARY 18, 2023

Shifting to the world of human behavior, one classic example of the impact of anchoring on judgments was done by Jacowitz and Kahneman, where they asked people to guess the height of the tallest redwood tree. For example, in another post , my colleague, Prof. finance), application (e.g., retirement), and context/conditions (e.g.,

Examples 195

Examples Finance Groups Research 195

Consulting Matters

JANUARY 7, 2019

If you want to achieve sustainable success as a consultant - ideally you want to create a marketing system to ensure you have a consistently full pipeline of right-fit clients. Consulting is a relationship business and the things you put into place like high-quality website and content do more than attract a lead. The 5 Tactics.

Consulting 224

Consulting Strategy Strategy Strategy& 224

Management Consulted

NOVEMBER 22, 2015

If you’re new to consulting, it won’t take you long to discover that MBB firms are insanely competitive. If you are an undergrad who has been turned down for a summer internship at MBB, going in to finance is your next best bet. Your next option should be to land a position in a boutique consulting firm.

Consulting 100

Consulting Recruiting Recruitment Finance 100

Consulting Matters

JANUARY 7, 2019

If you want to achieve sustainable success as a consultant - ideally you want to create a marketing system to ensure you have a consistently full pipeline of right-fit clients. Consulting is a relationship business and the things you put into place like high-quality website and content do more than attract a lead. The 5 Tactics.

Consulting 202

Consulting Strategy Strategy Strategy& 202

Management Consulted

OCTOBER 30, 2016

As consulting has become more popular (frantically so), we are getting increasing numbers of emails from undergrads – and even high schoolers – begging the question – if you want to break into consulting, what should you major in – and what majors are deal-breakers?

Consulting 100

Consulting Engineering Finance Case Interview 100

Tom Spencer

OCTOBER 31, 2020

No one enjoys being turned down, especially in the case of a consulting role where a lot of preparation is required. Fortunately, a top management consulting firm is not the end all and be all. Fortunately, a top management consulting firm is not the end all and be all. In order to do this, you can follow what I call the R.I.R

Case Interview 88

Case Interview Consulting Interviews How To 88

Steve Shu Consulting

JANUARY 4, 2023

this legislation covers finance and retirement-related considerations. For example, by increasing the age at which people are required to take minimum distributions from retirement, how might this affect other choices? For example, what impact might it have on how people think about claiming Social Security? See Shu et al.

Construction 195

Construction Journal Agile Tools 195

Management Consulted

APRIL 20, 2014

” Here is one we got recently from John: A few months ago, I wrote you for advice in regards to resources I could use to prep for interviews in consulting. When and how did you decide you were interested in consulting? I then took another internship in finance with Merrill Lynch.

Consulting 204

Consulting Interviews Recruiting Recruitment 204

Tom Spencer

JULY 13, 2019

If you’re trying to get into consulting, it can be more than a little confusing trying to understand the various types of firms and their practices. In this post, you will learn about the 4 major types of consulting and the firms that are typically associated with them. Strategy Consulting. Implementation Consulting.

Consulting 60

Consulting Turnaround Healthcare Deloitte 60

Management Consulted

NOVEMBER 27, 2016

INFOSYS CONSULTING. Birthed in 2004 as a spin-off of Indian tech outsourcing behemoth Infosys Technologies, Infosys Consulting is quickly climbing the charts as an industry leader in IT Operations and Strategy consulting. INFOSYS CONSULTING KEY STATS. INFOSYS CONSULTING HISTORY. Infosys Revenue: $6B (2010).

Interviews 100

Interviews Culture Consulting Deloitte 100

Successful Independent Consulting

OCTOBER 22, 2017

Independent consultants face the constant challenge of finding their next project. My last article discussed working with consulting agencies to supplement your business development efforts. I roll my eyes at the last phrase because good consultants can do this on their own.) Photo ID 40184079 © Ratz Attila.

Talent 150

Talent Finance Consulting Development 150

Harvard Business

DECEMBER 10, 2018

It is no wonder we came to fear our gender would keep us from achieving the same level of success as our male peers in finance. We turned to those most able to effect change in finance: the professionals actively working in the field. Family-friendly policies alone may not be enough to drive change in gender equality in finance.

Finance 31

Finance Banking Interviews Survey 31

Tom Spencer

AUGUST 31, 2019

One of the more memorable parts of the consulting recruiting process was witnessing people attempting to network with consulting firms. Hence, I thought it would be helpful to highlight 6 pieces of tactical guidance for networking with consulting firms. Do Not Make the Conversation About How You Deserve Consulting.

Guidelines 60

Guidelines Consulting Recruiting Recruitment 60

Comatch

DECEMBER 17, 2021

But, it’s all too easy to see a potentially brilliant freelance consultancy venture collapse because of poor planning. Let’s look at five things you need to consider before you become a freelance consultant. For example, Crunch —a powerful online accounting program, can help you better plan for your future career shift.

Consulting 52

Consulting Finance Software Talent 52

Management Consulted

NOVEMBER 2, 2015

KPMG CONSULTING. However, not all of its resources are pointed towards consulting, as it offers three lines of services, Audit, Tax and Advisory, with the Advisory arm of its operations (where consulting lives) generating $9.09 KPMG CONSULTING KEY STATS. KPMG CONSULTING WEBSITE: www.kpmg.com. Billion last year.

Interviews 100

Interviews Culture Consulting Case Interview 100

Tom Spencer

MAY 10, 2024

For programs like a Master’s in Business Analytics, Master’s of Finance, and Master’s of Hospitality Management, a strong GRE score can significantly enhance one’s application. For example, for students interested in dual degree programs such as Masters of Information Science / MBA, the GRE could open both doors.

Study 88

Study Comparison Resources Finance 88

Consulting Matters

MARCH 9, 2023

This means being kind to yourself and acknowledging that burnout is a real issue that affects many consultants, coaches, and business owners – and high-achievers in general. Homelife: Are your finances, relationships with your significant other, issues with children, and aging parents weighing on you?

Energy 156

Energy Exercises Consulting Sales 156

Harvard Business

JULY 17, 2017

When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. And it is truly fascinating.

Finance 28

Finance Insurance Insurance Financial 28

Steve Shu Consulting

APRIL 19, 2018

Back in 2010, I was part of a team that started one of the early behavioral finance centers with one of the investment manufacturing firms in the United States. Here are a few examples of how the field of behavioral economics has touched business in my corner of the world relative to behavioral finance: Voya Financial – [link].

Mercer 186

Mercer Finance Financial Leadership 186

Management Consulted

APRIL 20, 2016

Going to a top notch business school to get an MBA is high on the list for many aspiring consultants, especially those based in or desiring to work in the U.S. MBA programs should you apply to if you want the best inroads to consulting? MBA programs for Management Consulting – and the results may surprise you.

Consulting 100

Consulting Management Deloitte Bain 100

Management Consulted

OCTOBER 18, 2013

As the next installment in our popular Firm Profile series, we take a look at the evolution, reinvention, and current interview tactics of one of the world’s premier consulting firms – IBM. Howe created the IBM Consulting Group in 1992. 1992, IBM unveiled another service called IBM Consulting Group. Enjoy the ride!

IBM GBS 203

IBM GBS Interviews Consulting Case Interview 203

Management Consulted

MARCH 7, 2016

Pierre was a junior at Harvard University who was offered 2 very exciting internships – one for BCG in management consulting (plus, after this call he got an offer for Bain as well) and the other for a VC firm in New York. Want to know the pros/cons of consulting vs. VC from our perspective? Are you in the same shoes?

Consulting 100

Consulting Bain Finance Development 100