What is management consulting?

Consultants Mind

Management Consulting. It is a set… Read More » The post What is management consulting? appeared first on Consultant's Mind. Consultant Consulting Management consultingIt’s a lot of things. It is an industry; we all know McKinsey, BCG, Bain, Deloitte, PWC, and others. It is a profession built on asking good questions. It is a team sport. It is a bit of an attitude. It is a tribe that is difficult to get into.

Good consulting managers coach

Consultants Mind

It is one of the most meaningful parts of this consulting job. Probably not a good mindset, but that is the part of the … Continue reading → Consultant Coaching Communication Consulting Consulting Team Leadership Learning Management consulting I love coaching. Sometimes I am more focused on coaching the junior resources than the client.

2019 Management Consulting Salaries for Undergraduates, MBAs/PhDs, & Interns

Management Consulted

Welcome to 2019, and our annual management consulting salaries report! The consulting industry has been evolving rapidly over the last few years. Consulting business models have adapted as firms respond to their clients’ needs for digital solutions, advanced analytics, and AI. The post 2019 Management Consulting Salaries for Undergraduates, MBAs/PhDs, & Interns appeared first on Management Consulted.

Lifehacks for New Management Consultants

Steve Shu Consulting

It’s been nearly twenty years since I started management consulting. I tried to quickly reflect on lifehacks that really helped me in my first year so that other, new consultants might benefit from my learnings. Management Consulting

Why Do Management Consulting Firms Hire MBAs?

Steve Shu Consulting

Prior to my current role, I spent many years in the traditional management consulting space. Management consulting projects can span diverse areas from operational to finance to marketing to strategy to IT management, etc. plus traditional consulting roles.

Syllabus: What is management consulting?

Consultants Mind

Teaching management consulting this semester to a select group of 40 students. I imagine 1/2 of them will have consulting internship or full-time offers already. That said, I wanted to describe management consulting succinctly in the syllabus. Two weeks ago I described it by sharing 30+ links to… Read More » The post Syllabus: What is management consulting? appeared first on Consultant's Mind. Learning Consulting syllabus

Consulting manager: dictator mode vs. democracy mode

Consultants Mind

Increasingly, I have been using this simple, but stark, analogy to talk about team management. Dictator mode (do what I say) As a manager, I want to … Continue reading → Consultant Consulting Consulting Career Consulting Team Management consulting Project ManagementIncreasingly, seems like there are two ways to get outcomes. Democracy mode (what do you think?)

Management consulting stocks, quick comparison

Consultants Mind

Most management consulting firms are privately held. They start off as partnerships and remain that way: McKinsey, Bain, BCG, Deloitte, E&Y, KPMG, PWC, AT Kearney, PA Consulting, LEK, Oliver Wyman. It takes a lot of … Continue reading → Consultant Accenture Booz Allen consulting firm Consulting Tools

Management Consulting Manifesto

Steve Shu Consulting

As many regular readers may know, I am pretty passionate about the practice of business and management consulting. Without further ado, here is a working draft of my management consulting manifesto: Do what’s best for the client before the consulting firm. Practice consulting and avoid dispensing shallow advice. Recognize limitations of consultative methods wherever they may be; seek noble, clever, and pragmatic solutions.

How Do Management Consultants Quickly Come Up To Speed On Projects?

Steve Shu Consulting

Here are some of the main ways I’ve seen consultants get briefed on projects. Engagement manager – The engagement manager has responsibility for the client problem statement and the problem-solving structure (i.e., Management Consulting Professional Services

Micro Consulting: Evolution of Management Consulting

SkillQuo

Specifically, this trend is reshaping, more specifically adding agility, to the landscape of management consulting. Enter Micro-Consulting, which is the agile, customized version of a traditional management consulting model.

Management consultants are a diaspora

Consultants Mind

The article argues that these small groups … Continue reading → Fun Consulting Graphs Learning I was reading an article in the Economist about immigrant diasporas. Overseas Chinese, Indians, and Jews are a few examples of tight-knit, highly-educated, geographically-dispersed groups, who are extremely successful and make things happen.

Managing Overwhelm

Jacq Hackett Consulting

There are days as a consultant when things are going wonderfully. And you pat yourself on the back for making such a smart decision by making the move to consultancy. You have to set up 25 separate appointments to consult with stakeholders, and it’s proving to be a very messy and time-consuming process and you’re starting to lose your way with it. I know that when you’re new to consulting this can feel uncomfortable, and I see many people avoid it and just soldier on.

A process flow to answer the question: Am I am a management consultant?

Consultants Mind

Fun Graphics Consulting Graphs Management consulting

MicroConsulting: Evolution of Management Consulting

SkillQuo

Share This: The post MicroConsulting: Evolution of Management Consulting appeared first on SkillQuo Blog. Infographics consulting trends evolution of management consulting future of consulting micro consulting

How Management Consultants Are Evaluated At Different Levels

Steve Shu Consulting

I’ve been asked on a number of occasions to describe how consultants are evaluated in terms of performance, so I thought that I’d finally write these thoughts down publicly. Here’s a whirlwind overview of an illustrative consulting firm evaluation framework for single career tracks. Partner/Managing Partner – Here we get into sustaining a business to support teams, multiple consultants, and potential practices. Management Consulting

Why Management Consultants Love Data

Consultants Mind

Management consultants are always on the prowl for good data. The title of this post would be a kin to: “Why … Continue reading → Consultant Analysis Business Intelligence Clients Consulting Data Database Gartner Habits Management consulting Stanford TED (conference After all, it is the stuff that client recommendations are made of. To a cynic, it might seem obvious.

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Change Management: Head + Heart + Hand

Consultants Mind

After reading Switch (affiliate link) by the Heath brothers, I am convinced that successful consulting projects must appeal to the head, the heart and the hand. It’s a simple way to think about change management, but it also makes a lot of sense. Head: The logic of the analysis… Read More » The post Change Management: Head + Heart + Hand appeared first on Consultant's Mind. Consultant Analysis Change Management Head Heart Hand implementation Leadershi

Coping With the Transition from Management Consulting to a Startup

Steve Shu Consulting

I wrote the following post (edited slightly here) in response to someone on Quora who indicated that they were having a hard time coping with the transition from management consulting to a startup in terms of the more experimental nature of the startup world and feeling like they were not using their past skills and knowledge. When I first left a traditional management consulting firm, I went to a startup. Consulting teaches one to be systematic and to measure results.

Deloitte Consulting Senior Manager: how consulting set her up for entrepreneurship, nonprofit and public sector leadership, and industry impact

Management Consulted

The Story of one Deloitte Consulting Senior Manager Are you interested in Deloitte Consulting? Or just in good stories about how consultants transition as experienced hires? The post Deloitte Consulting Senior Manager: how consulting set her up for entrepreneurship, nonprofit and public sector leadership, and industry impact appeared first on Management Consulted. deloitte consulting life as a consultant

Strategic Management in 20 Icons

Consultants Mind

The post Strategic Management in 20 Icons appeared first on Consultant's Mind. Learning Education Strategy

Networking Course at Management Consulted

Management Consulted

” We’ll adjust this slightly for management consulting, “It’s not just what you know, but who you know.” The post Networking Course at Management Consulted appeared first on Management Consulted. consulting networkingMost of us at one time or another have heard the phrase, “It’s not what you know, but who you know.”

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Tips on How Consultants Can Balance Working Long Hours and Managing a Healthy Life

Steve Shu Consulting

Consultants do work long hours. In my opinion, it takes a conscious effort to have a healthy lifestyle in consulting. Try to use facilitative consulting methods where possible versus having to deliver content directly. The consulting firm can also get better leverage.

What do consultants do?

Consultants Mind

It’s one person’s opinion, but here are 130 blog posts which I wrote over the last 3 years to describe my world-view of consulting. Consultants are a strange breed of animal. We span all industries, … Continue reading → Consultant Consulting Consulting Career Consulting Team Consulting Tools Management consulting Website

Productivity Boost for Consultants

Consulting Success

Productivity Boost for Consultants is a post from: Consulting Success. Consulting Videos consulting checklists Consulting Productivity Time Management for ConsultantsTranscript Hey, it’s Michael Zipursky from ConsultingSuccess.com.

Reflecting on Innovative Methods That Management Consultants Can Use to Pitch Clients

Steve Shu Consulting

I wrote the following post in response to someone on Quora who asked me about innovative methods that management consultants use to pitch clients instead of using PowerPoint presentations. Management Consulting Sales And Marketing

Some rough manager days

Consultants Mind

I have not blogged in a month because of international travel, 3 concurrent projects, and honestly, some of the toughest manager days I have ever had. … Continue reading → Consultant Consulting Consulting Career Consulting Team Management consulting Professionalism Got some new folks, a fairly ambiguous project, and a lack of thinking. Sad, but true.

Strategy consulting 2018 compensation survey

Consultants Mind

Management consultants make good coin. Think, 14% of Harvard’s undergraduate class go into consulting. Charles Aris – executive recruiter out of North Carolina – do a great job of placing ex-strategy consultants. It would be silly to think otherwise.

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2018 Management Consulting Salaries for Undergraduates, MBAs/PhDs, & Interns

Management Consulted

The post 2018 Management Consulting Salaries for Undergraduates, MBAs/PhDs, & Interns appeared first on Management Consulted. consulting jobs consulting salariesHappy 2018! Welcome to a year that contains the Winter Olympics happening in South Korea, the FIFA World Cup taking place in Russia, Mars’ close approach to earth, and the next royal wedding. Despite these historic events, we’re most excited … Continued.

A Helicopter View of a Management Consulting Proposal

Steve Shu Consulting

I’ve often been asked by new consultants to provide insights on structuring a proposal. Here’s a conceptual, high-level summary of a typical proposal: Executive Summary and Overview – often articulates background relevant to the proposal, such as current issues and the specific problem statement that the consultant will be addressing for the client. Roles and Responsibilities – articulates the consulting delivery team players (named individuals) or types of players (e.g.,

Great consultants vs. good consultants

Consultants Mind

” No surprise, the answer is “It Depends“ As I described in a previous post called Finders, Minders, and … Continue reading → Consultant Career Communication Consulting Leadership Learning Management consulting Presentation Project Management team I interviewed a candidate yesterday for a role on the team. The candidate asked “What are you looking for in a candidate?”

Management consulting mergers: PWC buys Booz & Co

Consultants Mind

Six reasons … Continue reading → Consultant Consulting Deloitte Management consulting mergers PWC Earlier this year Deloitte acquired Monitor. Now PWC is picking up Booz&Co for what some believe will be 1x sales at approximately $1 billion. PWC got PRTM 2 years ago. Towers Perrin & Watson Wyatt merged in 2009.

2017 Management Consulting Salaries for Undergraduates, MBAs/Grads, & Interns

Management Consulted

The field of management consulting also continues to have its fair share of excitement. This past year, many top consulting firms experienced revenue growth of 7-13%. 2017 Consulting Salary Data. Boston Consulting Group (BCG) Undergraduate Salary. Welcome to 2017!

Managers are the glue, be greedy for work

Consultants Mind

I gave this advice to a newbie manager this week. The manager kept acting like an individual contributor, as if that was enough to succeed. No sense … Continue reading → Consultant Consulting Consulting Career Management Management consulting Professionalism Project Management He kept saying, “well, I do this” and “I do that” Wrong point of view.

Managing Self Doubt

Jacq Hackett Consulting

I get it – making the move from employment to consulting is a big step. How will I figure out ‘how to’ consult? Here are my top tips for managing your self-doubt. For more advice about the first 10 things you need to do when you start consulting download my free cheat sheet. Many people who have stellar careers behind them leave employment and set up as consultants. Let everyone in your network [and extended network] know that you’re now in the consulting game.

Consulting is an apprenticeship

Consultants Mind

Management consulting uses an apprenticeship model where the master coaches the apprentice on the skills and methods of the craft. Yes, I am sure that many consulting skills can be taught in books, … Continue reading → Consultant apprentice Consulting Consulting Career Learning Management consulting Same is true in law, accounting, other professional services.

Change management: Start with Why

Consultants Mind

If you have an interest in consulting, management and persuading people into action, you need to watch it … Continue reading → Learning Consulting Leadership Management consulting Professionalism There is a famous TED talk by Simon Sinek called How Great Leaders Inspire Action. 17 million have watched it so far.

2015 Management Consulting Salaries – Undergraduate, MBA, Interns and More

Management Consulted

Welcome to our Consulting Salary post – the kickoff to 2015! We’ve published new consulting videos , planned speaking tours to aid students and experienced hires for consulting recruiting, and created several surprises just for our MC subscribers.

What Do Consultant’s Actually Do?

Management Consulted

What do consultant’s actually do? Listen to Jenny Rae as she shed’s light on what you could expect to do as a management consultant. The post What Do Consultant’s Actually Do? appeared first on Management Consulted. business consulting consulting news consulting questions consulting recruiting consulting resources life as a consultantIt might seem odd, but that’s actually a common question.

Management Consulting versus Investment Banking

Management Consulted

Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases. Consulting compensates with perks that banking does not offer – from better travel allowances to more generous health and retirement packages.