The Consultants Peer Group

NOVEMBER 17, 2023

McKinsey, fined nearly $1bn for their involvement with opioid ‘crisis.’ Then more books, The Big Con , When McKinsey Comes to Town , and so forth. With low barriers to entry coupled with low regulation (particularly state or Federal licensing), new entrants into the industry are all but guaranteed. The jokes persisted.

Management 52

Management Consulting Ethics How To 52

Tom Spencer

AUGUST 18, 2023

Marketing consultants may work as freelancers, or as part of a digital agency (such as Slalom ), marketing agency (such as Ogilvy ), or larger firm that has digital and marketing capabilities (such as McKinsey Digital or BCG X ). Breaking into this potentially lucrative niche within the consulting industry is both a science and an art.

Marketing 78

Marketing Consulting Case Interview Interviews 78

Tom Spencer

JANUARY 20, 2023

Every year thousands flock to apply to top consulting firms such as McKinsey and Company, Bain and Company, and Boston Consulting Group (BCG). Without a doubt, a career in the management consulting industry comes with many short- and long-term benefits. Consulting is one of the most prestigious careers you can pursue upon graduation.

Consulting 88

Consulting Boston Consulting Group Bain Banking 88

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. investigate careers at Digital McKinsey or BCG Digital Ventures).

Management 150

Management Consulting Methodologies McKinsey 150

Business Consulting Agency

JANUARY 12, 2024

Fact: According to a study by McKinsey, organizations that focus on operational excellence see a 25% increase in productivity on average. Staff Training and Development Benefit: Consultants provide training programs to equip staff with the necessary skills and knowledge for delivering high-quality care.

Consulting 52

Consulting Operations Deloitte Financial 52

Management Consulted

APRIL 2, 2017

Bain’s major industries of importance in the Middle East include Airlines & Transportation, Media, Mining, Oil & Gas, Retail, Private Equity, Social & Public Sector, Technology, Telecommunications, Utilities and Alternative energy (the oil will run out one day!). McKinsey & Company. McKinsey at #4?

Oliver Wyman 160

Oliver Wyman Consulting Deloitte Real Estate 160

The Source

JUNE 21, 2019

That’s why we’ve prepared such an intensive training programme for you. Over the last few years, however, such platitudes about the industry have been ringing increasingly hollow. “Consulting,” she gravely intones, “is a people-driven business. Our only asset is our people: Without you, we have nothing.”.

McKinsey 40

McKinsey Conference Survey Training 40

Successful Independent Consulting

APRIL 2, 2018

Was it at a big firm with formal training (for example Deloitte, Bain & Company) or did you learn on the job as an internal resource with a company? If the latter, was it a company that provided access to training like General Electric, or a small to midsize firm? Client’s industry — Who is your target market?

Consulting 199

Consulting How To Marketing Deloitte 199

Tom Spencer

JUNE 21, 2021

Recently, I came across the book “ The Pyramid Principle ” by Barbara Minto, which gives an in-depth view on a framework that McKinsey consultants use to deliver effective writing. The Pyramid Principle was created by Barbara Minto, the first female MBA hire by McKinsey, who led the Firm’s training in the 70s. Conflict (C).

McKinsey 88

McKinsey Construction Trends Industry 88

Management Consulted

NOVEMBER 6, 2013

McKinsey and BCG’s Montreal offices have particularly strong ties to McGill. The school trains 12,000+ students a year – much smaller than its peers – and attracts recruiters from all 3 MBB firms and numerous other consulting firms. McKinsey’s Calgary office, however, does consistently recruit from UBC.

Management 218

Management Consulting Bain Recruiting 218

Management Consulted

MAY 7, 2017

McKinsey & Company , 555 California St., Not far behind Bain on our list is McKinsey. McKinsey was founded in 1926 and now has 107 locations in over 60 countries, as well as 10,000 employee worldwide. McKinsey was founded in 1926 and now has 107 locations in over 60 countries, as well as 10,000 employee worldwide.

Consulting 113

Consulting Bain Deloitte Healthcare 113

Strategic Planning and Management Insights

MARCH 6, 2023

McKinsey & Company discovered that data-driven firms are 23 times more likely to acquire customers , six times more likely to retain them, and 19 times more likely to be profitable than their counterparts without a data-driven culture. However, not all management training programs are created equal.

Report 98

Report Data Strategy Strategy 98

The Consultants Peer Group

SEPTEMBER 28, 2023

Public examples of poor ethics decisions (such as McKinsey’s $641 million fine for their work in Purdue Pharma opioid effort) were used to simply demosntrate that behaviors in line with a Code of Ethics might have precluded most/all of these very embarrassing and costly cases. Bower had on the founding of McKinsey.

Ethics 52

Ethics Consulting McKinsey Methodologies 52

Management Consulted

FEBRUARY 5, 2017

McKinsey & Company. Yes, the great McKinsey has its headquarters in New York, located at 55 E 52nd St on the 21st Floor. Founded in 1926, McKinsey now has its largest global office in New York with more than 500 consultants. Bainies in NYC work to support their clients on nearly every industry and across all ranges.

Consulting 157

Consulting Deloitte Bain McKinsey 157

Management Consulted

FEBRUARY 5, 2009

Learn more about the interview preparation course and guide that helped land offers at BCG, Accenture, and McKinsey. We’ve helped 1600+ people land interviews and offers in the consulting world (including such esteemed firms as McKinsey, Bain, BCG, Deloitte and Mercer). ” -Giulia, Chicago Booth alum. 98-99) .

Case Interview 175

Case Interview Bain McKinsey Interviews 175

Tom Spencer

SEPTEMBER 19, 2020

The travel and hospitality industries have been decimated, stock markets around the world have tanked, and governments struggle to combat this devil on so many fronts. The larger firms like Bain, BCG, and McKinsey kept their promises. Commerce has ground to a halt. As the world goes mad, what will you be doing this summer?

Consulting 103

Consulting Balance Sheet Cash Flow Real Estate 103

Harvard Business

JUNE 30, 2017

When it comes to training and workforce development, lots of them. In a 2014 survey , 55% of executives said a major constraint to investing in training was that they did not know how to measure success. The metrics we track include: productivity, cost savings in recruitment and training, quality, retention, and speed to promotion.

Training 38

Training Training ROI Metrics 38

The Consultants Peer Group

OCTOBER 29, 2023

It is up to us, the individual management consultant (whether as a solopreneur, within a small to larger boutique consulting firm, within a large professional services firm, or even within industry or government as an internal consultant) to do something positive about our individual and collective professional image.

Ethics 52

Ethics Consulting Training Training 52

Rick Conlow

MAY 31, 2023

Our assessment identified a silo mentality throughout the organization and minimal leadership development or training. We addressed the issues with new communication channels, customer service and quality initiatives, on-going quality leadership training for all leaders (executives, too), and team development applications.

Training 99

Training Training Leadership Resources 99

Tom Spencer

OCTOBER 31, 2020

According to Business Insider , the odds of getting hired by McKinsey & Company are less than 1%, although this is not unique to McKinsey. There may be training or informal coaching you can undertake to help you develop. Reading Time: 4 minutes. Think about feedback from past rejections and appraisals. Final thoughts.

Case Interview 88

Case Interview Consulting Interviews How To 88

Business Consulting Agency

JULY 13, 2023

Expertise and Specialization Business consultants are industry experts who bring a wealth of specialized knowledge to the table. According to a study by Statista, 47% of businesses seek consulting services for their industry-specific expertise. Consultants impart skills, mentorship, and training that empower teams to excel.

Consulting 52

Consulting Deloitte Efficiency Methodologies 52

Harvard Business

DECEMBER 16, 2016

Back in 2011, the McKinsey Global Institute published a report on the transformational potential of big data—and it would take a supercomputer to process all of the articles that have appeared since then urging companies to get on board before some digital disruptor renders them obsolete.

Industry 28

Industry McKinsey Data Operations 28

Tom Spencer

DECEMBER 2, 2017

The benefit of bringing in specialist consultants is that they are likely to have experience solving similar problems and an understanding of industry best practice. An example from 2014 occurred when McKinsey poached two partners from AlixPartners, one of the world’s best-known restructuring firms. Image: Pexels.

Consulting 68

Consulting McKinsey Turnaround Information Technology 68

Management Consulted

MARCH 26, 2017

McKinsey : Located at 1200 Nineteenth Street NW, McKinsey is the top consulting firm to work for in Washington, DC, both in terms of size of the firm as well as its employee strength. McKinsey has legacy – the first mover in the DC area – and power in its camp.

Oliver Wyman 100

Oliver Wyman Consulting Deloitte Bain 100

Effective Managers

MARCH 23, 2021

McKinsey and Company agreed to pay a US$573 million settlement for its role in the American opioid crisis. For almost a century McKinsey has been a leader in helping their clients be more successful. The Economist reported that the McKinsey moral compass has gone haywire most likely because of “the lure of lucre”. Of course not.

Ethics 52

Ethics McKinsey Banking Financial 52

CaseInterview.com

OCTOBER 30, 2019

In any case, I have a question for you regarding Consulting vs. industry. I have been told that one year in consulting = 2 - 3 in industry. I imagine someone interested in product/marketing management is better off going into industry. So yes, I do think that 1 year in consulting is worth 2-3 years in industry.

Oliver Wyman 40

Oliver Wyman Consulting Case Interview McKinsey 40

Tom Spencer

JANUARY 31, 2021

If you are interested in working for a company that has strong IT/Tech consulting, you can’t go wrong with any of the well-known consulting firms (such as McKinsey or Bain) or with any of the big accounting firms (such as EY or KPMG). They can also train their clients’ marketers and help implement marketing campaigns. Image: Pexels.

Consulting 88

Consulting BearingPoint Bain Analysis 88

CaseInterview.com

MARCH 31, 2022

I found it fascinating to hear how my female colleagues at McKinsey dealt with working in male-dominated industries, such as oil and gas or industrial manufacturing. This was a common problem among women who were first-year consultants at McKinsey. I learned this one from my little league softball coach training.

Interviews 124

Interviews McKinsey Meeting Policies 124

Harvard Business

FEBRUARY 14, 2017

The United States has thousands of workforce development and training programs, run by the public, social, and private sectors. Yet workplace training is more necessary than ever, as technology and globalization continue to change the types of jobs that are available. Some are excellent; others, not so much.

Metrics 37

Metrics Training Training Data 37

CaseInterview.com

DECEMBER 4, 2019

Stated differently, the entire value of a weight training workout is in the final repetition of each exercise -- the one where your muscles struggle profusely and then "fail.". At McKinsey, just as I got comfortable with a particular kind of skill, my engagement manager would give me new harder work that I had never done before.

McKinsey 68

McKinsey Comparison Sales Exercises 68

Management Consulted

JULY 2, 2017

We’ve reviewed locations, employee counts, industry focus, and reputation of multiple firms in and around the Boston area – and this article will help you make life-changing decisions. ” In fact, 2 of the MBB (McKinsey, Bain and BCG) elite firms, Bain and BCG, have their headquarters in Boston, MA.

Oliver Wyman 72

Oliver Wyman Mercer Consulting Deloitte 72

Management Consulted

AUGUST 10, 2014

However, the firm loses money on you in the first 6-12 months on the job – they invest heavily in training, and you are contributing very little. Although over time consultants are paid well, an industry transition from a senior exec role or a field like i-banking can mean decreased pay, title and seniority, etc.

Interviews 215

Interviews Case Interview Consulting Industry 215

Management Consulted

DECEMBER 7, 2014

Founded in Boston, MA , and containing the heart and DNA of consulting industry giant Bain & Company, Bridgespan is the key non-profit consulting firm in today’s consulting industry. Bridgespan is the offspring of none other than consulting industry giant Bain & Company. KEY STATS FOR BRIDGESPAN. Group Consulting.

Interviews 150

Interviews Culture Bain Consulting 150

LSA Global

APRIL 15, 2024

Research by McKinsey found that more than 5 initiatives or new projects increased the risk of delay and value leakage. Then invest in the sales processes and business sales training necessary to succeed. The Bottom Line Market dynamics, consumer preferences, and industry trends evolve at a rapid pace.

Sales 36

Sales Strategy Strategy Strategy& 36

LSA Global

APRIL 15, 2024

Research by McKinsey found that more than 5 initiatives or new projects increased the risk of delay and value leakage. Then invest in the sales processes and business sales training necessary to succeed. The Bottom Line Market dynamics, consumer preferences, and industry trends evolve at a rapid pace.

Sales 36

Sales Strategy Strategy Strategy& 36

Tom Spencer

SEPTEMBER 1, 2018

Any time I discuss my experience in landing an offer at my top choice firm after getting offers from bigger firms like McKinsey and BCG, and smaller sized firms like LEK, Putnam Associates, and Promidian Consulting, I focus on four main areas: Doing your homework! For example: Mckinsey: Insight 2018 and Insight STEM + Healthcare.

Healthcare 60

Healthcare Consulting Recruiting Recruitment 60

CaseInterview.com

MARCH 21, 2019

A consultant can learn much about many different types of industries and business challenges through their variety of casework. Many consulting firms also invest significant dollars in their knowledge management and training programs. 3 years of traditional industry experience. Consultants learn a lot--fast.

Consulting 91

Consulting Case Interview Interviews Resumes 91