Successful Independent Consulting

SEPTEMBER 16, 2017

It takes practice to quote your consulting billing rate with confidence. Talk with other consultants, do a web search on typical management consulting rates in your city or state, and/or try converting your employee salary to an hourly rate. Is there already a consulting firm involved that you’ll be working with?

Consulting 236

Consulting Real Estate Policies Operations 236

Tom Spencer

APRIL 18, 2021

In nearly every consulting firm, sooner or later you’ll have to prioritize a specialty to formally begin establishing a focus area for your consulting career. Just to be clear, by specialty, I mean a specifically defined industry (e.g. industrials, pharma, etc.) industrials, pharma, etc.) or functional area (e.g.

Consulting 97

Consulting Industry Leadership Recruiting 97

Tom Spencer

FEBRUARY 19, 2022

As most of us spend the majority of our time working, it’s important to consider where that time is spent, how to manage your tasks and energy, and how to ultimately find fulfilment. For consultants, the average work day will consume the majority of that time, around 10-12 hours. Know where you spend your time.

Energy 154

Energy Management Meeting Exercises 154

Tom Spencer

OCTOBER 22, 2021

With the tight professional services market in the US, everyone I know in consulting has talked about how they know people who jumped consulting firms (this does not count those who changed firms after attending graduate school). Restructuring workload expectations and life planning around it is often noted as a major life stressor.

Construction 88

Construction Financial Culture Consulting 88

The Consultants Peer Group

FEBRUARY 23, 2023

Lions, tigers, consultants, Oh my. The negative press continues about consulting and I, for one, am embarrassed. I can only surmise that some of the founders of what are now large consulting firms would also be embarrassed and maybe even angry: Bill Bain, of Bain & Co. Marvin Bower and James McKinsey, McKinsey & Co.

Consulting 52

Consulting Ethics Boston Consulting Group Healthcare 52

Management Consulted

APRIL 2, 2017

We’re continuing our Top 10 Consulting Firms series this week by focusing our expert eye on the Middle East. Ask any consultant about the Middle East, and Booz (now Strategy&) will be the first name on their lips! Currently, Strategy& does major public (read: government) consulting work outside the U.S.

Oliver Wyman 160

Oliver Wyman Consulting Deloitte Real Estate 160

Tom Spencer

DECEMBER 5, 2020

Market sizing is the test of a consultant’s mettle. When a consultant meets with the CEO of a major airline to discuss growth strategy, for example, they may need to do a market sizing to get a grasp of how big the broader market is. Like all interview questions or tasks in consultancy, ask questions at the start.

Case Interview 88

Case Interview Interviews Marketing Examples 88

Tom Spencer

JUNE 13, 2021

Consultants in the rainbow nation have continued to operate efficiently and effectively during the Covid pandemic. The chaos has changed the way the consulting process is carried out but the end goal of providing reliable solutions to clients has remained the same. The consulting industry is surviving during these uncertain times.

Consulting 68

Consulting Industry Operations Trends 68

Makarios Consulting

JUNE 28, 2023

On the one hand, as individuals, they wanted to retain ownership of the business and be involved in major decisions. On the other hand, their industry was evolving rapidly. For example, failing to adapt to industry trends could have caused the business to lose significant market share.

Leadership 78

Leadership Culture Energy Trends 78

Tom Spencer

APRIL 18, 2021

When in college you have to pick a major, which is the first step to focusing your career. When choosing classes, the first two years you get to explore different topics within that major and in your last 2-3 years you are focusing on classes that interest you and preparing for your first job. Consulting. Making the decision.

Consulting 97

Consulting Sports Resumes Case Interview 97

Tom Spencer

MAY 2, 2020

During the recruiting process, it was interesting to hear consultants talk about how much of their job is about conducting learning activities. The learning landscape among larger consulting organizations. I think it is important to put in context how learning is generally managed among larger consulting organizations.

Consulting 68

Consulting Operations Recruiting Recruitment 68

Tom Spencer

MAY 20, 2022

If you are in college, you may want to transfer to a different college or switch majors, but you have to consider the expense of time and money that constrain your decision. For me it was seeing individuals with PhDs go into consulting, although I didn’t know any of them personally. Searching for opportunities. Planning your exit.

Resumes 88

Resumes Energy Case Interview Chemicals 88

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? The problem with Econ majors?

Consulting 100

Consulting Engineering Finance Case Interview 100

Management Consulted

MAY 7, 2017

Here at MC, we’ve been absolutely thrilled to launch our new series and bring you some juicy insights into the Top 10 Consulting firms in every major consulting city and region around the world. The region has 3 major cities: San Francisco, San Jose, and Oakland. are in the Bay Area! San Francisco, CA, 94104.

Consulting 113

Consulting Bain Deloitte Healthcare 113

Consulting Matters

OCTOBER 30, 2020

Bosses, colleagues and friends all questioned the wisdom of quitting his high-paying job and steady paycheck for the unknowns of starting his own consulting business. After over 15 years of consistent and growing consulting success - they now understand exactly why he did it. What happened to you? In fact I'm really not having fun.

Consulting 296

Consulting Insurance Insurance Methodologies 296

Tom Spencer

JANUARY 18, 2020

University is a difficult journey for anyone, regardless of major. For me, I was fortunate to study at a Canadian business school and interacted with numerous small and large companies from a variety of industries. Typically, large consulting firms are diversified across industry groups and functional areas.

Consulting 78

Consulting Recruiting Recruitment Case Interview 78

Tom Spencer

JULY 15, 2022

This article outlines the differences in time commitments for graduate students versus full-time consultants. It also offers a way to prepare yourself for the transition to consulting by providing you with some suggestions on how to implement a consultant-like scheduling method. Time Commitments in Consulting.

Consulting 88

Consulting Engineering Study Efficiency 88

Tom Spencer

FEBRUARY 8, 2020

A few weeks ago, I had the opportunity to sit down with another blog contributor to the SpencerTom community, Jason Oh, to share our experiences about the consulting recruiting process. Why did you decide to pursue management consulting? Jeff : I had little idea about management consulting until my second year at university.

Recruiting 78

Recruiting Recruitment Case Interview Consulting 78

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. There are many successful people in the world of business that were rejected by consulting firms and went on to achieve great feats.

Case Interview 88

Case Interview Consulting Interviews How To 88

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

Jerry Fletcher

MARCH 27, 2021

For the majority of consultants who are solopreneurs the only chance they have is when they are comfortably esconced in bed with that special person. The loner brain dump This occurs when an expert consultant happens to be a solo in her/his practice, home life and social life. You overlook confidentiality because it feels good.

Marketing 75

Marketing Consulting Ethics Case Interview 75

Management Consulted

JANUARY 15, 2017

Today we highlight Kalypso, a young but emerging player in the consulting market. If you are interested in the emerging market of the Internet of Things (IoT) or Augmented Reality (AR) devices, or are fascinated by helping a company navigate product placement in a grocery store, Kalypso may be a good fit for you. Industries.

Interviews 100

Interviews Culture Case Interview Intellectual Property 100

Comatch

APRIL 29, 2022

Over the past several years, consultancies across the globe have worked to increase gender equality. However, there are still fewer women than men in the consulting industry. When it comes to self-employment, men significantly outnumber women at 65% of our consultant pool. Here, too, women represent a minority.

Consulting 52

Consulting Study Travel Tourism 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

Tom Spencer

JANUARY 17, 2021

Not all schools have a consulting club, extensive alumni networks in consulting firms, or recruiters that come to their campus looking for top applicants. You learn what the consulting role actually is and you get to start talking to real life consultants. How to find consultants. You might get a referral.

Recruiting 68

Recruiting Recruitment Consulting Interviews 68

Management Consulted

MAY 25, 2014

GALLUP CONSULTING INTERVIEWS AND CULTURE. With a name that evokes the Wild Wild West, Gallup Consulting just sounds like a fun place to work. Enjoy reading about the dynamic history and impressive practices of Gallup Consulting. KEY STATS FOR GALLUP CONSULTING. Gallup Consulting Website. GALLUP CONSULTING HISTORY.

Interviews 181

Interviews Culture Consulting Case Interview 181

Consulting Success

FEBRUARY 19, 2018

Long-term strategies in marketing and networking offer the greatest rewards for the most successful consultants. Description: Today’s guest is Mindy Millward, a veteran consultant with over 20 years of experience from Navalent. This can create a host of problems for consultants like you that are trying to make change happen.

Company 114

Company Consulting Marketing Industry 114

Management Consulted

NOVEMBER 20, 2013

Consulting firms rely heavily on case interviews to find the right candidate and, therefore, you should practice them – practice them well, start practicing them early (2-3 months prior to the interview), and then keep practicing them often. Consulting Math. Within both case styles there can be a mixture of case interview types.

Case Interview 236

Case Interview Interviews Study Cover Letters 236

Tom Spencer

FEBRUARY 11, 2022

A major specialisation of the tax departments of all four of these special services firms is transfer pricing, making it worthy of a closer look if you are considering entering this field. Tax advisory is primarily the province of the Big Four: Deloitte, PwC, EY and KPMG.

Intellectual Property 88

Intellectual Property Deloitte Benchmarking Marketing 88

Management Consulted

OCTOBER 2, 2016

Ranked at #8 in the Vault Consulting Top 50, Cornerstone Research may just be the most interesting consulting firm you’ve never heard of. The firm has four main areas of expertise: consulting for attorneys, performing research and analysis, obtaining and prepping expert witnesses, and preparing for deposition and trial.

Interviews 100

Interviews Research Culture Case Interview 100

Management Consulted

FEBRUARY 7, 2016

TOWERS WATSON CONSULTING. Today’s expose highlights the world’s largest employee-benefits consulting firm. Towers Watson Consulting specializes in HR consulting of all kinds, and risk management consulting in particular, while also counting actuarial and investment consulting practices under its umbrella.

Interviews 100

Interviews Culture Consulting Case Interview 100

Management Consulted

SEPTEMBER 30, 2013

NERA ECONOMIC CONSULTING. Interviewing with NERA Economic Consulting? In fact, if you look at a list of top 20 consulting firms, NERA won’t be on it. That being said, NERA is still a major player in the consulting industry and here’s why: NERA Economic Consulting is the top econom ic consulting firm, period.

NERA Economic Consulting 147

NERA Economic Consulting Interviews Oliver Wyman Consulting 147

Tsavo Neal

JUNE 12, 2020

Every week, I write about web design, copywriting, and digital marketing for independent consultants and small firms. Friday Fusion is a collection of said writing from Quora, LinkedIn, and email conversations with consultants. Do management consulting firms ever recycle solutions for multiple clients? Yes — and they should.

Tools 78

Tools Sales Consulting Marketing 78

Tom Spencer

APRIL 17, 2014

The profitability framework can help executives, consultants and entrepreneurs to diagnose and respond to falling prices, declining sales volume, or rising costs. yep, so far so good). By comparing the business’s performance numbers with the competition you can also determine whether the problem is company specific or industry wide.

Sales 104

Sales Balance Sheet Examples Operations 104

Tom Spencer

JUNE 8, 2019

Asset management as an industry is becoming increasingly important for a variety of reasons: The world is getting wealthier, driven by growth in emerging markets. Here are some trends that would be good to keep on top of. A simple example would be taking the S&P 500 and taking out all of the high volatility stocks.

Trends 60

Trends Management Banking Government 60

Tom Spencer

AUGUST 18, 2018

In my last post, I disaggregated the ‘tech’ industry into four clusters of business, based on a loose framework. In this post, I explore the regulatory challenges unique to each cluster, and the implications for consumers, both good and bad. Aggregators selling advertising. voters ahead of the 2016 election.

Company 68

Company Advertising Software Retail 68

Tom Spencer

JULY 28, 2013

MERGERS have had a ubiquitous presence in the news recently as leaders in the airline , publishing , and telecommunications industries have taken steps to consolidate. As a result, consulting firms have an opportunity to provide valuable expertise at each step in the M&A process with the goal of preventing these failures.

Strategy 98

Strategy Strategy Strategy& Case Interview 98