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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. Cashflow or not, the extra money is substantial and a defining driver of why many people do investment banking. 2 LIFESTYLE.

Banking 272
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From Vaults to Virtual: The Rise of Blockchain in Banking

Tom Spencer

As cryptocurrency gains popularity and central bank digital currencies ( CBDCs ) are explored globally, major financial institutions are undergoing significant transformations to adapt to this new landscape. Central banks worldwide are exploring the potential of CBDCs as digital versions of their national currencies.

Banking 88
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Ten Ways to Boost Cash Flow as an Independent Consultant

Successful Independent Consulting

Downtime between projects combined with slow payments can wreak havoc on your bank account. Here are several strategies you can use to achieve these objectives and improve the health of your business. Consider offering multiple payment options including ACH bank transfer, PayPal, Venmo, and even credit cards.

Cash Flow 195
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3 ways financial advisory consulting bests strategy consulting

Management Consulted

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. Find it here: 5 reasons to choose strategy operations over financial advisory consulting. Missed part one?

Financial 194
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How Banks Can Compete Against an Army of Fintech Startups

Harvard Business

It’s been more than 25 years since Bill Gates dismissed retail banks as “dinosaurs,” but the statement may be as true today as it was then. Banking for small and medium-sized enterprises (SMEs) has been astonishingly unaffected by the rise of the Internet.

Banking 133
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Your Complete Guide to Subcontracting as an Independent Consultant

Successful Independent Consulting

Realistically, it can take months for the money you earn to reach your bank account. strategy development, market research, transformation initiatives). Even if you start working tomorrow, you might not see any money for 45-60 days after submitting your first invoice.

Cash Flow 195
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Gen AI in Banking: Recognizing the challenges

Tom Spencer

While Gen AI holds big promise for banking , most of the current deployments are limited to just a few areas or don’t go beyond the experimental phase. Though early pilots appear impressive, it will definitely take time to realize Gen AI’s full potential for the banking industry. Five Challenges for AI in the Banking Sector 1.

Banking 88