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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. Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases.
Learn more about the interview preparation course and guide that helped land offers at BCG, Accenture, and McKinsey. Master fit questions, conquer case studies, and become the smartest interviewer in the room. Over 50 fit questions that you’re guaranteed to hear in consulting interviews. Am I glad I bought it!!
In fact, the firm is already beating out heavyweights such as McKinsey, Bain, and Parthenon-EY for strategy projects in the tech sector due to better industry specialty. On the value creation side, Bulger Partners covers 13 different types of value assignments (growth strategy offerings, technical strategy, operations, etc.).
What started off as an informal blog about management consulting with just a few readers became interview prep sessions, resume edits, videos on YouTube and Vimeo, books and the presentations we give at colleges around the world. The caseinterview is the great equalizer. And after all that, even with 1.5M Who is it for?
It was simple – you wanted 3 things: more practice cases for use by yourself or with partners. simple and easy-to-use frameworks for structuring cases. guided interview prep homework and practice plans. Starting today you can get BOTH for the price of the Consulting CaseBank. What had they wanted more of?
Interviews were fast approaching and I knew I wasn’t on track. These insights led to a 100% hit rate at my consulting and tech interviews, which included BCG, Strategy&, AT Kearney, Amazon, Cognizant, and several boutique consultancies. Entire books are written about mastering the 30 minute case! Content equals money.
Oliver Wyman’s strategy consulting practice has made waves specifically in the financial services sector , and beyond as well. Now a subsidiary of Marsh & McLennan, Oliver Wyman is known to give MMC its strong reputation as experts over other insurance providers because of the firm’s focus on strategy. Website: [link].
What’s next – when your resume doesn’t receive an interview; your first round doesn’t lead to a call-back; your final round receives a polite rejection? The advice applies equally to industries like investment banking. You’ll typically receive a rejection call after the interview. No surprise here.
The prize for best answer was a FREE Consulting CaseBank and The Consulting Bible 3rd edition – a HUGE giveaway – so we weren’t surprised when we heard from so many of you. As we were looking through your responses, we realized you were answering as if you were in an interview – and that’s smart.
As the next installment in our popular Firm Profile series, we take a look at the evolution, reinvention, and current interview tactics of one of the world’s premier consulting firms – IBM. In 1991, IBM approved a new world-wide services strategy to make IBM a world class services company by 1994. Enjoy the ride!
At the time of its bankruptcy, Lehman Brothers was the fourth largest investment bank in the world. Lehman Brothers and other investment banks went down in part due to the huge amounts of money they lost in the sub-prime mortgage crisis. Business Strategy. CaseInterviews. How could it run out of money? Categories.
Booz & Company Interview and Culture. So you have a Booz & Company interview coming up, and you want to be the best candidate they see? After 2 years, he recruited 2 friends from Chicago and formed the Business Research and Development Company with $500 borrowed from the bank. We want you to nail it. Program Management.
Strategy and general business consulting firms in Australia 2012. THE list of strategy and general business consulting firms is part of the full list of consulting firms in Australia : Tier One – Global. Pacific Strategy Partners. Pacific Strategy Partners. Definitions. Helpful Links. in Management Consulting.
List of strategy consulting firms in Hong Kong 2011. List of strategy consulting firms in Hong Kong. OC&C Strategy Consultants. Roland Berger Strategy Consultants. Applied Value offers strategy, finance, and operations management services. Definitions. Helpful Links. in Management Consulting. IMS Health.
As a result, many consultants shift to industry and join the client’s side so that they can not only offer solutions but also take more ownership to formulate, execute, and implement a strategy from start to finish. Interviews. BizOps / Strategy & Operations at tech firms. Corporate Strategy. Corporate development.
For the last 2 years, we’ve been running our popular Black Belt interview training courses – with tremendous success. On average, they do 30-50 cases with peer partners, 10 with us, and hours of personal reflection, preparation and planning for both fit and caseinterviews. I have lots of case practice.
Case Against The Fed. Expect Another "Bad Bank" Bailout in Spain; Humorous Details of Sarebs Property Assets. Spains bad bank, Sareb, has plans to unload 45,000 distressed properties in five years, over 7,500 of them in 2013. Here are some excerpts (translated) from GurusBlog report Havoc in the Bad Bank (SAREB).
Interviewing with NERA Economic Consulting? While MBB’s main focus is strategy, economic consulting firms like NERA focus is on economics first and strategy second. . Finance: Bankruptcy, Consumer Protection in Financial Services, Financial Institutions and Banking, Financial Risk Management. . The key reason?
This is a transcribed phone interview between Rachel (name changed) and Jenny Rae – enjoy her insights about failing the first time around but coming back for consulting success and landing an offer with McKinsey in her senior year. What I look back on it, I think the way I did my cases just weren’t at the bar they had set.
Austrian school: Sh*t happens because of the fractional reserve banking system. Business Strategy. CaseInterviews. Neo-classical synthesis: Sh*t happens in the short run but not in the long run. Behavioural economics: This sh*t is irrational. Pareto Improvement: Taking my sh*t is okay when I don’t give a sh*t.
And so in PPE, were you interested in business in general, before everything happened with Lehman Brothers did you think you are probably going to stick with the investment banking industry? Peter: When I was at Warwick, it was a massive feeder school into investment banking, and finance, but slightly less into consulting.
In her success story she shares some caseinterview preparation tips and I am also including my response because I find this student’s background slightly unusual for management consulting and wanted to point out that even those with non-typical career and education backgrounds can succeed in management consulting.
The Advisory Board Company serves a number of industries with memberships, but the overwhelming majority of the consulting services (strategy and implementation) are in the firm’s core healthcare space. THE ADVISORY BOARD COMPANY INTERVIEWS AND RECRUITING. These interviews are usually held in the office. Industries.
Alvarez & Marsal have been making waves in recent years for the high profile, high quality work they did in the midst of the banking crisis. By 2002, their agreement, their strategy and their implementation appeared to have paid off, as Alvarez & Marsal’s client base continued to diversify. . ALVAREZ & MARSAL CONSULTING.
In fact, the firm is already beating out strategy heavyweights for strategy projects in the tech sector due to better industry specialty. What makes Bulger Partners even more unique among consulting firms is the fact that the firm houses Strategy Consulting and Investment Banking arms under the same roof, and even has a small PE fund.
In fact, the firm is already beating out heavyweights such as McKinsey, Bain, and Parthenon-EY for strategy projects in the tech sector due to better industry specialty. On the value creation side, Bulger Partners covers 13 different types of value assignments (growth strategy offerings, technical strategy, operations, etc.).
In fact, the firm is already beating out heavyweights such as McKinsey, Bain, and Parthenon-EY for strategy projects in the tech sector due to better industry specialty. On the value creation side, Bulger Partners covers 13 different types of value assignments (growth strategy offerings, technical strategy, operations, etc.).
Pricing strategy is one of the easiest levers CEOs can pull to increase revenues in their company. For instance, retail banks can raise interest rates (the price they pay customers for depositing funds at the bank) to quickly attract new balances and acquire new customers. Pricing StrategyCase Framework.
Sometimes, when struggling through yet another caseinterview practice , candidates might wonder: "Why consulting again?" Indeed, many other job opportunities have straightforward interviewing and hiring processes that don't require hours of practice and coaching. Consultants learn a lot--fast. The first challenge is getting in.
They describe themselves as “a unique, pure play communications and media strategy consulting group” and it seems as though they may be right about themselves. Altman Vilandrie offers 4 key project types to its clients: Strategy – Altman Vilandrie develops solutions to client’s problems based on comprehensive data analysis. Technology.
While the weekly hours you work will vary depending on what case you are assigned to, the average is about 50 to 60 hours per week, and it is not uncommon for consultants to work 80 hour weeks. An example of this difference can be seen in the interview phase. Work-life balance. That corresponds to between 10 and 16 hour days.
Thirdly, European banks are currently focused on building their balance sheets not on lending. European banks have until the end of June 2012 to get their core capital ratios up to 9%. Weak financial markets increase the risk that one or more European banks will fail. Business Strategy. CaseInterviews.
As a result, they may achieve modest savings, but in many cases they will miss out on opportunities to dramatically improve process outcomes, quality, costs, and cycle times. But when interviewed, the manager was able to clearly articulate rules of thumb he followed, which could be defined as rules for the RPA process to follow.
Avoiding the liquidity trap: central banks normally conduct monetary policy by controlling short term interest rates. Where interest rates are zero, or near zero, a central bank will not be able to stimulate the economy by lowering interest rates further (the liquidity trap ). Business Strategy. CaseInterviews.
A new research study I led at CTI uncovers, through a nationally representative survey of 3,212 individuals with STEM credentials, and through dozens of additional interviews and focus group conversations, the differentiators of success for women in STEM. How did they do it? Telegraph confidence.
Interview process and preparation. In some cases, especially for firms with emerging practice areas, experienced hires are used to fill expertise gaps that strengthen their offering. You might have 4+ years of pension strategy experience and, thus, fit perfectly into the financial services team that tackles those sorts of projects.
You’ve bombarded us with insightful questions about resumes, interviews, applications, and how to pick up the pieces and consider alternatives to consulting when you don’t make the cut. Q: I would like to know if you tailor resumes for consulting companies that are specialized in Brand Strategy & Design?
From the very beginning, Booz Allen Hamilton has been involved in some very high profile cases. As for Booz & Company, it was purchased by PricewaterhouseCoopers and became Strategy& , a firm we covered in an earlier Firm Profile. Organization & Strategy. Candidates will be interviewed on campus or over the phone.
Why is it that when a group of managers gets together for a strategic planning session they often emerge with a document that’s devoid of “strategy”, and often not even a plan ? ” The latter is a list of actions interspersed with a sprinkling of desired results, all utterly useless in terms of strategy.
KEARNEY INTERVIEW AND CULTURE. 1997 – First Global Prize, an annual business school case study competition for potential recruits, awarded. Kearney’s innovation practice: collaborative innovation, innovation portfolio management, innovation strategy and R&D performance strategy. Firm hires 2,000th employee.
At this stage, it is unclear whether the investigations will uncover any wrongdoing, and Bremmer notes that no banks or individuals have actually been charged. If banks have engaged in collusive behaviour to manipulate LIBOR, then this is a serious cause for concern. How concerned should we actually be? 150 rates in total).
I recently wrote an article about the difference between Planned vs. Emergent Career Strategies. The emergent strategy sometimes reveals itself in the process of pursuing the original career plan. I met an investment banker, an equity research analyst, an EVP at Wells Fargo (one of the top 10 banks in the U.S.),
To secure a final round interview at Bain, you would have to be in the top 3% of applicants for that office. No one enjoys being turned down, especially in the case of a consulting role where a lot of preparation is required. The key thing to do after a rejection is to reflect on the interview process and ask for feedback.
IN OCTOBER 2011, private banks accepted a 50% writedown on Greek debt. Business Strategy. CaseInterviews. Greek default in all but name. by Tom Spencer on November 27, 2011 · 0 comments · Image Source. in Economics. Whatever you say it is, it isn’t ~ Alfred Korzybski. Graduate Consulting Group.
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