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 40

Finance Banking Interviews Survey 40

Tom Spencer

MARCH 3, 2023

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. For example, you could take classes in statistics, data analysis, or programming, or join a student consulting group or business club. Keep on Trying!

Consulting 88

Consulting Cover Letters Recruiting Recruitment 88

Tom Spencer

DECEMBER 16, 2022

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. Normally consultants who leave the consulting industry take up positions working for a former client organisation or go on to start their own companies.

Consulting 97

Consulting Accenture Industry Talent 97

Tom Spencer

MARCH 24, 2023

This is the third of a seven-part series looking at artificial intelligence and its implications for the consulting industry. For example, in a recent consulting engagement, I worked with a company that was struggling with low employee morale. For example, I once worked with a non-profit that was struggling to raise funds.

Emotional Intelligence 88

Emotional Intelligence Ethics Consulting Case Interview 88

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

Tom Spencer

FEBRUARY 1, 2020

This might include advice on asset management, tax structuring, or capital structuring to reduce financing costs and sources of risk (e.g. Finance, HR, Supply Chain, ICT, Legal). For example, if a company currently has 2 offices in the American market and wants to scale up its business, how should it best go about this?

Consulting 135

Consulting Operations Financial Real Estate 135

Steve Shu Consulting

OCTOBER 8, 2017

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. For example, you can see this in some of the digital agency like efforts (e.g.,investigate

Management 150

Management Consulting Methodologies McKinsey 150

Tom Spencer

APRIL 14, 2023

For example, a wealth manager may recommend that a client purchase a specific type of insurance to protect their assets from unexpected events such as death, disability, or critical illness. He studied Industrial and Labor Relations at Cornell University. Zuhair Imaduddin is an Innovation Development Analyst at JPMorgan Chase.

Management 88

Management Financial Real Estate Insurance 88

Tom Spencer

JANUARY 20, 2023

Without a doubt, a career in the management consulting industry comes with many short- and long-term benefits. This means that you’ll generally get to work with a new team, a new client, possibly in a new industry, on a new project type, every few months. You will be pushed to your limits and learn lots of new things every day.

Consulting 88

Consulting Boston Consulting Group Bain Banking 88

Asamby Consulting

DECEMBER 5, 2022

Major cost and expense types The major types of cost are Cost of goods sold (COGS, including some of the below) Staff cost (salaries) Cost of financing (interest rates) Offices and buildings Energy Marketing cost Depending on your industry, different types might be dominant. For example to sell it or to hire an external CEO?

Small Business 52

Small Business Finance Industry Company 52

Comatch

MAY 3, 2023

We’re breaking down the essential information about ChatGPT and its impact on the consulting industry, with a focus on its consequences for FinTech. Many experts have likened AI to electricity, describing the field as “the new electricity” capable of a similarly dramatic impact on nearly every industry. What is ChatGPT?

Efficiency 52

Efficiency Industry Banking Tools 52

Chad Barr

FEBRUARY 14, 2024

” Let’s delve into these examples to uncover the profound lessons they offer. LEGO: A Blueprint for Collaboration and Individual Ingenuity At the dawn of the 2000s, LEGO found itself on the brink of collapse, its brand diluted and finances in turmoil. The secret?

Sports 52

Sports Travel Finance Groups 52

Tom Spencer

MARCH 17, 2023

This idea has been echoed by some of the most influential figures in the business and finance world, including Professor Michael Porter, Michael Lewis, and Warren Buffett. The actions of these players in the financial industry were driven by their desire to win at all costs, rather than a commitment to ethical behaviour.

Ethics 78

Ethics Financial Cash Flow Real Estate 78

The Consultants Peer Group

JUNE 14, 2023

Now, out of Australia comes another set of examples, these are being pointed out in a governmental hearing: Consultancy industry unrequlated, unaccountable, committee hears in Governmental News by Judy Skatsasoon. These, and other, examples of ethical lapses do not have to dominate the press.

Ethics 52

Ethics Consulting Finance Industry 52

Tom Spencer

JULY 7, 2023

For example, instead of asking for the average payroll for each department over time, ask for a representative current salary of an employee in each department: sales, operations, finance. Most companies will have historical data pursuant to the recording protocols of their industry.

Data 78

Data Consulting Balance Sheet Analysis 78

Steve Shu Consulting

JULY 25, 2014

For example, Opower tapped into a great market using software-as-a-service and a behavioral efficiency model for saving energy. While some companies may be very sophisticated in their approach with behavioral economics, the broader industry is barely conscious of the power of behavioral economics (perhaps Behavioral Economics World 0.2

Video 230

Video Analysis Operations Development 230

Tom Spencer

APRIL 1, 2022

Figure 2: Aviation Industry CO 2 Emissions. If the aviation industry continues down the path of high CO 2 emissions, what will happen when new aerospace markets open: sub-orbital travel, supersonic flight, and space hotels? Billion industry by 2027. Aviation Industry Trends & Uncertainties. Policy Incentives.

Trends 88

Trends Engineering Travel Airlines 88

Tom Spencer

JUNE 6, 2020

Microsoft intimately knows what business people in specific industries need to succeed. Attitudes toward the brand, the way they use it, and their knowledge base are all examples of behavioral segmentation. Brand loyalty is an excellent example of behavioral segmentation. Behavioral segmentation.

Apparel 103

Apparel Retail Examples Productivity 103

Tom Spencer

NOVEMBER 22, 2015

There are many new innovations that allow companies to finance purchases creatively in order to meet their goals over the long term. Here are four (4) examples of financial innovations that can make your business easier to run. Check out this review as an example. Finance Tools. Peer Lending. Online Banking.

Financial 60

Financial Finance Banking Tools 60

Tom Spencer

APRIL 1, 2022

Blockchain technology is making a strong impact in the finance industry due to the fact that it enables decentralization and direct peer-to-peer transactions. The technology is constantly evolving and enabling new applications relevant to everyday life, as we saw with the examples of HYPR and MediaChain.

Energy 88

Energy Banking System Financial 88

Management Consulted

APRIL 20, 2014

I then took another internship in finance with Merrill Lynch. I really liked aspects of the industry, such as research and analysis; however, the career path was of no interest to me. I really liked aspects of the industry, such as research and analysis; however, the career path was of no interest to me.

Consulting 204

Consulting Interviews Recruiting Recruitment 204

Management Consulted

AUGUST 1, 2013

At its start, Oliver Wyman capitalized on the deregulation of the financial services industry. Mercer (with Oliver Wyman) developed the number of industries served and capabilities expertise, and after a period of exponential growth eventually chose to make Oliver Wyman the catch-all name for anything MMC but non-human resources focused.

Oliver Wyman 201

Oliver Wyman Interviews Mercer NERA Economic Consulting 201

Management Consulted

NOVEMBER 22, 2015

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. In addition, having a finance internship under your belt shows that you’ve got the necessary quant skills to succeed in consulting. For the Pre-MBA level, finance should be your last option.

Consulting 100

Consulting Recruiting Recruitment Finance 100

Tom Spencer

APRIL 29, 2022

MBA candidates have the opportunity to acquire a multitude of skills that are applicable to a variety of industry and managerial positions. Stories of Mark Zuckerberg and Bill Gates who dropped out of Harvard are constantly used as examples to amplify this point. One of the less pursued career paths is that of an entrepreneur.

Ethics 88

Ethics Case Interview Case Study Case Studies 88

Harvard Business

JULY 17, 2017

Despite rapid innovations in data processing and machine learning, many businesses have yet to make the leap from the Industrial Age to the information age, and the gap between technological and organizational progress is widening. Some industries, like photography and media, were impacted earlier. The Future of Financial Services.

Financial 45

Financial Industry Banking Talent 45

Tom Spencer

NOVEMBER 25, 2022

Although all data is field specific, for example health care data collected from a hospital, data scientists can often operate without specific domain expertise as they apply powerful statistical methods to uncover meaningful correlations in large datasets. Required Skills. In terms of pay, both roles offer highly competitive salaries.

Data 88

Data Trends Information Technology Information Technology 88

Tom Spencer

MAY 13, 2018

While you are reading those frameworks and related examples, keep in mind that no framework is the skeleton key to all case interviews. You can use this framework when clients are considering entering a new market (new industry or new country), launching a new product, or targeting a new customer segment. Starting with the macro part.

Case Interview 68

Case Interview Study Interviews Marketing 68

Tom Spencer

JULY 13, 2019

They are assigned to service areas, industry verticals, or both. Industry verticals are centered around specific industries, for example telecom and media, healthcare, industrial and consumer goods, or financial services. Specialised Consulting. Final Thoughts. Image: Pexels.

Consulting 60

Consulting Turnaround Healthcare Deloitte 60

Comatch

JUNE 21, 2022

A Global Shift Toward Sustainable Finance. For example, in 2020, the CEO of BlackRock (the world’s largest asset manager) announced that they would divest from all organizations that have significant sustainability risks. These are the trends I advise my clients to look out for to drive meaningful action and change. .

Trends 52

Trends Finance Recruiting Recruitment 52

Comatch

JUNE 21, 2022

A Global Shift Toward Sustainable Finance. For example, in 2020, the CEO of BlackRock (the world’s largest asset manager) announced that they would divest from all organizations that have significant sustainability risks. These are the trends I advise my clients to look out for to drive meaningful action and change. .

Trends 52

Trends Finance Recruiting Recruitment 52

Tsavo Neal

JUNE 1, 2017

This works because military generals and captains of industry have something in common – they don’t work alone. Let’s say, for example, that you’re a consultant who wants to help renewable-energy companies create effective business plans – and by “effective” we mean “able to help raise financing.”.

How To 74

How To Finance Financial Knowledge Base 74

Steve Shu Consulting

MARCH 21, 2014

For those unfamiliar with the term “behavioral economics”, I generally describe behavioral economics as a combination of psychology and a traditional science like economics or finance. 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

CaseInterview.com

MARCH 26, 2019

It is an approach I developed that is tailored for answering these questions in job interviews for management consulting, as well as interviews for senior executive positions in industry. Let me provide two examples so you can see the PARADE Method in action. Given the political environment, I chose Option B.". What was the outcome?

Case Interview 81

Case Interview Interviews Resumes Retail 81

Tom Spencer

JANUARY 7, 2017

However, as the technology and its implications become better understood, it will rapidly expand to new industries and verticals. Blockchain technology has been applied in the finance industry in the payments space. For example, Customer A authorizes payment to buy a convertible bond.

Insurance 74

Insurance Insurance Banking Government 74

Progressus

NOVEMBER 27, 2023

For all industries, an average of 60-80% of IT budgets are allocated to keeping legacy systems running. Some of our clients have started with CRM implementation, for example, and then moved on to back-office ERP and Project Management and Accounting. What are Legacy Systems?

System 52

System ROI Software Government 52

Management Consulted

JULY 22, 2013

In compliance work, or on finance-focused projects, the broad-sweeping projections of strategy consulting don’t cut it. As mentioned in our previous post, financial consulting is a much better choice than a narrowly-defined role in internal finance (especially at a no-name corporation).

Financial 194

Financial Consulting Strategy Strategy 194

Tom Spencer

JANUARY 19, 2019

Availability – for example, if a PM is overloaded with managing a feature release, a PMM may take the lead on defining go-to-market strategy. Work culture/structure – for example, some companies put PMs in the engineering team and PMMs in the marketing team. Example: Xbox Console Development and Marketing.

Engineering 60

Engineering Productivity Enterprise Marketing 60