NEF Spotlight: Mapping the travel sector’s recovery

McKinsey & Company

Strategy & Corporate Finance InsightsBloomberg New Economy Forum and McKinsey & Company, Fall 2020.

Indonesia’s Traveloka finds strength in local markets amid the pandemic

McKinsey & Company

Traveloka president Henry Hendrawan discusses how the online travel unicorn has rebounded by helping travelers in Southeast Asia find—and finance—fun close to home. Insights on Travel, Logistics & Transport Infrastructure


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Traveling for Work? You’re a Prime Target for Hackers

Harvard Business

As if the stresses and headaches of business travel weren’t enough, there’s one more thing to worry about while traveling in unfamiliar places: the security of your email. Each time a traveling executive opens spymail, they reveal a wealth of private information — their current location, the time of day they read their email, the hotel at which they are staying. Establish executive travel email protocol.

The Corona Virus for Small Businesses

Consultant Journal

It’s a question on the minds of many entrepreneurs, as Fortune 500 companies announce new protocols for travel, meetings and even use of coffee cups. Consider arranging financing ahead of time, as part of business continuity preparations.

Pros and Cons of a Career in Consulting

Tom Spencer

For example, if you want to pursue a career in finance, the ideal candidate would have a degree in economics or extensive background in finance. It is not uncommon to work upwards of 60 hours each week, and this does not take into consideration all the travel involved.

Want to Start a Consulting Business? 10 Reasons Why You Should!

Consulting Matters

And then to complicate my challenges, I found myself in an unexpected divorce that literally decimated my finances. Want to travel in the summer? I envision that at some point, I'll be able to travel all the time and run my business at the same time.

Kim Ramko, Principal, Southeast Health and Life Sciences Industry Leader at EY

The Source

Kim Ramko’s travel schedule has been pretty hectic recently, even by her standards. Not long after, Ramko moved into a systems analyst role, travelling frequently and conducting training for business users on finance systems, working alongside EY.… It’s July 3rd 2017. She’s been spending a lot of time in places like Singapore, Shanghai, and Dubai, and today she’s in Europe.

Does Your Startup Have a Spending Strategy?

Harvard Business

If your startup spends a lot on office design or executive first-class travel, consider the impression on your staff. Entrepreneurial finance Budgeting Costs Entrepreneurial management Digital ArticleCatherine Ledner/Getty Images. Starting a new business involves a host of challenges, and chief among them is knowing what to spend your money on—and how much to spend. You have to consider salaries, marketing budget, office size, technology services, and on and on.

Bogus Audited Statements Are Holding Africa Back

Harvard Business

Indeed, for all the mileages accumulated by African market regulators as they travel around the world promoting their markets, nothing could be more impactful than building trusted institutions where audited statements are reliable. Auditing Finance & Accounting Recession Africa Digital ArticleThe Great Recession revealed one of the weakest links in Africa’s quest to build strong capital markets — bogus audited statements.

What is consulting?

Tom Spencer

When people think of consultants, they tend to visualize professionally suited employees, degrees from the best schools, high pay-checks and fancy travel stories. Finance, HR, Supply Chain, ICT, Legal).

4 Financial Innovations to Make Business Easier

Tom Spencer

There are many new innovations that allow companies to finance purchases creatively in order to meet their goals over the long term. Online banking is another recent innovation in the banking and finance industry. Any business that wants to streamline its finances should consider online banking. Finance Tools. There are many different finance reporting tools available that can help businesses see where their money is coming from and going to.

Stress = Fear

Back when air travel was still practical, if you were running late for a flight, you may have felt “stressed out” about catching the flight. Years ago, I made the following assertion that really pissed off many of peers. I asserted that stress is merely another name for fear.

The Top 8 Undergrad Consulting Majors

Management Consulted

A fun fact – Jenny Rae was an economics major at UVA, but famously decided to shave her head and travel the world after graduation (yeah, her parents were really proud). Finance – A Finance degree not only shows that you’re proficient in math, but also implies you’re inquisitive and like to get to the root of problems. To be successful in Finance and consulting, you don’t need just intelligence, but personality also.

Management Consulting versus Investment Banking

Management Consulted

The cons of investment banking – the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities – mattered far more to me than a 6-figure salary. Consulting compensates with perks that banking does not offer – from better travel allowances to more generous health and retirement packages. Travel. Consultants – depending on firm – travel anywhere from 25-75% of their time.

Oliver Wyman Careers

Corporate finance advisory. Travel. Whether or not you view travel as an opportunity depends upon your personal preferences. Either way, Oliver Wyman's global approach tends to result in more international travel than firms with a local staffing model (e.g. Interest in Oliver Wyman careers has grown as the firm is one of the fastest-growing consultancies within the top ten.

Due Diligence by Management Consulting Firms

Tom Spencer

These are outsourced by PE firms or corporate acquirers to a specialist adviser: lawyers for legal issues, accountants for auditing, and investment bankers for carrying out due diligence from a financing perspective. Based on my experience and conversations with consultants, a typical due diligence project is shorter than a general strategy engagement (2-4 weeks vs. 6-12 weeks) with minimal travel and minimal client exposure.

The Paths of Consultancy

Tom Spencer

Daryl Morey took the path less travelled, the path that began with academia and consultancy. Of course, the work is very difficult, and the individuals involved are some of the most talented university graduates around, but it is a well-travelled path. Dean Franklet is a third year economics and finance student at the University of Canterbury where he is President of the largest commerce society on campus.

Consulting or Banking

Tom Spencer

People in the “investment banking” or “corporate finance” division typically help large organisations undertake merges and acquisitions. Travel: Bankers sometimes do roadshows to drum up support from investors, but will typically spend 90% of their time in the office. In stark contrast, it is normal for consultants to travel up to 80% of the time. (Source: Google Images).

Venezuela Strengthens Currency Controls in Impossible Mission to Stop Capital Flight; Airlines Collapse; End of the Line


The exchange rate for foreign travelers was just set to is 11.36 Please consider Venezuela Bonds Plunge After Bolivar Weakened for Travel. Venezuelans traveling abroad, airlines and foreigners sending remittances home must use a secondary exchange rate determined at weekly auctions, Economy Vice President Rafael Ramirez said yesterday. billion last year to finance travel, airlines and remittances, 19 percent more than in 2012, according to Ramirez.

Is Your Business Ready to be Sold?

Martinka Consulting

Things like car, travel, non-market rent, etc. And don’t forget the landlord and the buyer’s lease, which needs to be at least as long as any note (bank or your financing) as nobody wants the buyer forced out while owing money. “Do The first and most common set of questions having to do with the owner’s readiness to sell his or her business tend to be about the owner. And, they’re a lot easier to answer than questions about the business’s readiness.

Top Consulting Firms

However, they tend to have an intense lifestyle with lots of travel, face-to-face engagements, and long hours as a result. If you are interested in a career with a lot of travel, this could be a good place for you. Hours, though flexible, can still be long, and travel is a weekly reality. Because of the focus on federal consulting, consultants don’t have to travel as much as they do at other consulting firms. What are the Top Consulting Firms?

Job Hub: Virgin Group Jobs and Culture

Management Consulted

This group has a startling 300 companies in its portfolio in sectors ranging from travel, telecommunications, health, financial services, leisure, music, space travel, and renewable energy. The group’s travel-related operations, led by 51%-owned Virgin Atlantic Airways, are among its largest cash generators. When interviewing for a job at Virgin, you are required to travel at your own expense to interview with them. 28% of Management Consultants Pursue Finance.

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The Crazy Lives of Consultants: More tales from the client's restroom.

The Crazy Lives of Consultants

My summer in finance, there were stories of people sleeping in bathrooms, in the personal telephone booths, even in a janitors supply closet. skip to main | skip to sidebar. Monday, November 10, 2008. More tales from the clients restroom. I was going to write about the guy at my client who was taking a conference call from Stall #1. complete with cell phone, newspaper on the floor, and apparently a blackberry (from all the clicking and typing).

Accenture Careers

The Products Operating Group concentrates on Air Freight & Travel Service, Automotive, Consumer Goods & Services, Industrial Equipment, Infrastructure & Transportation Services, Life Sciences, and Retail. Finance and Performance Management. For More information on Finance and Performance Management go here: [link]. Accenture careers are like Accenture itself - the very best there is in the world of consulting.

Consulting Networking: 6 Best Practice Guidelines

Tom Spencer

Generally speaking, strengths fall under three categories: Skills – e.g. accounting, finance, data analysis. I have been in quite a few consulting networking events where the key point of conversation was checking how ready people are to endure consulting’s hardships, in particular the long hours, frequent travel, and simply being plugged in 24/7 when on an engagement.

Coronavirus: Analysis, Conclusions & Takeaways

Several prominent individuals in the venture capital, startup, and finance communities did the same thing. I started writing this article a few days ago on March 5th, but I didn’t get to finish it until March 16th. It’s still useful to help make sense of the problem.

4 Types of Consulting Firms

Tom Spencer

The benefit of being an internal consultant is that you have greater access to the company’s data, rarely travel for engagements, and get to see all sides of the company over a longer period of time. Min Kim is currently an MBA student at NYU Stern School of Business where she is specializing in Product Management, Business Analytics and Finance.

Management Consulting in Canada

Tom Spencer

Along with the prestige, a career in consulting is alluring to graduates due to well-known tenets of the job including exposure to C-level executives from day one, frequent business class travel, complimentary fine dining, and extensive training and mentorship. Jason Oh is a management consultant at Novantas with expertise in scaling profitability for retail banks (consumer / commercial finance) and diversified financial service firms (credit card / wealth management / direct bank).

Managing your Weaknesses

Since broadband, streaming video, and video conferencing were not yet widely available, I concluded that in order for me to get customers or clients without traveling was to learn how to communicate with the Internet in writing. If you’re a startup CEO that’s poor at finance, you have the option of hiring someone that’s really good at what you’re bad at. When it comes to managing your career, you need to be aware of your own weaknesses. A weakness that’s known can be worked around.

Tour Recap – Day 4 (Columbia)

Management Consulted

We travel anywhere in the world. *. Next stop – a meeting with the Executive Board of the Women’s Finance Society at Columbia University. We’re on a Tour Throwback trip…welcome to Part 4. If you missed our recaps of Georgia Tech , Duke , or Georgetown , read those first. If you are just joining us, we are holding our next 8-hour Consulting Bootcamp in San Francisco on September 21.

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Treasury Department Places "Real Value" on Digital Currencies, Sees No Widespread Criminal Bitcoin Use; Virtual Currency Rules Coming Later This Year


government sees no evidence of “widespread” use of virtual currencies such as Bitcoin to evade sanctions or finance terrorism, the Treasury Department’s top official targeting money laundering said. Terrorists generally need ‘real’ currency, not virtual currency, to pay their expenses -– such as salaries, bribes, weapons, travel, and safe houses,’ David S. In statements that all but endorse bitcoin and digital currencies, Treasury’s Cohen Sees No Widespread Criminal Bitcoin Use.

Business Lessons from Henry David Thoreau

Emerson Consulting Group

Many of life’s major arenas and how we approach or practice them, such as environmentalism, writing, travel, war and peace, politics and rebellion, philosophy and introspection, are steeped within the life and legend of Henry David Thoreau. But too often the path to such a vision/mission is traveled in a backwards direction by trying too hard to be practical, reasonable or careful. By Ken Lizotte CMC. As part of his ongoing column in Money Inc.

‘Uberization’ of consulting: A major disruption or merely hype?

Tom Spencer

This has promoted the use of virtual meeting spaces which are quickly eliminating the need for big fancy meeting rooms and the high costs associated with business travel. Some of these top consulting firms also have strong alumni networks in industry, finance, law and government. The ‘UBER’ fever has caught North America.

How to Balance Work and Life in Management Consulting

Travel. Travel is hard on the lifestyle because you are just not at home. If you want to avoid traveling, work in an industry that is largely based in the same city as your office. This was not a deliberate choice, but I had the interest in the sector, I wasgood in certain aspects related to the finance industry, I liked my colleagues in that sector, and they and my clients liked me a lot. Traveling to the client often involves just taking a taxi or Uber.

Tour Recap – Day 4 (Columbia)

Management Consulted

We travel anywhere in the world. *. Next stop – a meeting with the Executive Board of the Women’s Finance Society at Columbia University. We’re on a Tour Throwback trip…welcome to Part 4. If you missed our recaps of Georgia Tech , Duke , or Georgetown , read those first. If you are just joining us, we are holding our next 8-hour Consulting Bootcamp in San Francisco on September 21.

Hotels 100

Tour Recap – Day 4 (Columbia)

Management Consulted

We travel anywhere in the world. *. Next stop – a meeting with the Executive Board of the Women’s Finance Society at Columbia University. We’re on a Tour Throwback trip…welcome to Part 4. If you missed our recaps of Georgia Tech , Duke , or Georgetown , read those first. If you are just joining us, we are holding our next 8-hour Consulting Bootcamp in San Francisco on September 21.

Hotels 100

The Lessons I Learned From Peter Drucker

Tom Spencer

According to my aunt, who accepted the Medal of Freedom on his behalf (because at that point he was too sick to travel), Drucker was also unbelievably embarrassed that “ management by objective ” had been used to justify the Iraq War. Marguerite Arnold is an entrepreneur, author and third semester EMBA candidate at the Frankfurt School of Finance and Management. This is a guest post from Marguerite Arnold. It is not like I knew Peter well – as a real live person.

Why consulting?

Management Consulted

“I am competitive in nature and always give the best in whatever I do and my passions include photography, travelling and embracing new cultures and languages. Consultants get to travel quite a lot and meet different kinds of people and this makes them diverse and enables them to have insights, which others can only strive for. The perks were fantastic – travel to new locations, work in different industries, client pays for the travel. ” Anti-Finance.

From the Bench and Bedside to the Boardrooms (How to transition from academia into consulting, Part 1 of 2)

Tom Spencer

These programs include putting new consultants through a “mini-MBA” where they spend approximately 3 weeks learning core business principles from leading economics, accounting, and finance professors. While each office in a firm focuses on specific sectors, consultants often travel cross-country and even internationally to where their respective skillset can be best utilized. His free moments are spent traveling and enjoying sporting events with his wife and daughter.

Death Spiral for Car Ownership? End of Fuel-Powered Cars by 2024?


By 2030, within 10 years of regulatory approval of autonomous vehicles, 95 percent of US passenger miles traveled will be served by on-demand autonomous electric vehicles owned by fleets, not individuals, in a new business model we call ‘transportas-a-service.’”. By 2030, 40 per cent of cars will still be privately owned, but they will only account for 5 percent of kilometers traveled.