Successful Independent Consulting

JANUARY 28, 2025

Realistically, it can take months for the money you earn to reach your bank account. For example, if you do change management work on big system implementations, you may lose $50,000 or more. They manage the client relationship and often oversee the project, which means that they may require regular status reports or check-ins.

Cash Flow 195

Cash Flow Consulting Intellectual Property Resumes 195

Tom Spencer

JUNE 30, 2023

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. Wealth Management vs Asset Management Many people interchangeably use the term asset and wealth management.

Banking 78

Banking Management Real Estate Insurance 78

Tom Spencer

OCTOBER 6, 2023

How do banks make money? What is a bank really worth? Firstly, by outlining the major items on a bank’s income statement, and then by discussing key ratios that are commonly used to measure profitability and to estimate the market value for banks. Where does this money ultimately go?

Banking 88

Banking Balance Sheet Operations Financial 88

Tom Spencer

AUGUST 2, 2024

When it comes to tech innovations, the banking sector is usually ahead of the curve. Banks are buzzing with excitement over Gen AI, and its future in the sector looks even brighter. Banks are buzzing with excitement over Gen AI, and its future in the sector looks even brighter.

Banking 88

Banking Data Trends Analysis 88

Tom Spencer

AUGUST 30, 2024

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

Banking Ethics System Data 88

Tom Spencer

OCTOBER 13, 2023

In the previous article , we looked at how banks make money and how they must meet capital requirements. In this article, we will explore the importance of profitability ratios and valuation metrics that are crucial when analyzing banks. It provides insights into how effectively a bank utilizes shareholder capital to generate profits.

Metrics 88

Metrics Banking Balance Sheet Efficiency 88

Tom Spencer

MAY 18, 2019

Asset managers are institutions that ‘manage money’ on behalf of certain beneficiaries. Well, asset managers aim to understand client investment objectives and invest client funds in a variety of financial products and asset classes. Major traditional asset managers include: Blackrock. Affiliated Managers.

Industry 113

Industry Real Estate Management Retail 113

Harvard Business

NOVEMBER 22, 2016

Smart, always-connected devices and anytime/anywhere interactions are now givens, particularly among millennials, who expect such conveniences in banking and financial services. That data shaped the company’s future strategies and offerings. Digital is reconfiguring the world. Data underpins digital’s disruptive promise.

Banking 116

Banking Data Financial Media 116

Harvard Business

DECEMBER 27, 2016

What repayment strategy is most likely to motivate them to get them out of debt? HelloWallet enables clients to track their bank accounts, including both savings and debt, to create financial goals and track progress toward those goals, and to receive customized financial guidance based on their salary, benefits, and spending behavior.

Research 133

Research Strategy Strategy Strategy& 133

Tom Spencer

AUGUST 16, 2024

Despite many current applications being small-scale pilot projects, the promise of Gen AI to revolutionise banking operations and enhance customer experiences is becoming clear. This helps banks to quickly identify profitable investment opportunities and risks so as to maximise investment returns and minimize losses. Risk Management 3.1

Banking 78

Banking Financial Operations Data 78

Management Consulted

APRIL 20, 2014

He has a really cool history – international i-banking, college football, and more – and THEN he spent 2 years networking his way into a job at PwC. I managed a group of 17 brand ambassadors executing an “in-field” activation/marketing campaign for an IMG client, Wrigley Canada (chewing gum). Talk about tenacity!

Consulting 204

Consulting Interviews Recruitment Recruiting 204

Management Consulted

AUGUST 1, 2013

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.

Oliver Wyman 201

Oliver Wyman Interviews Mercer NERA Economic Consulting 201

Tom Spencer

JUNE 16, 2018

The financial services industry has seen drastic technology-driven change over the past few years, and digital has fundamentally reshaped consumer behaviour in banking. According to Oliver Wyman, a global management consulting firm, 90% of Canadian banking customers use digital channels and more than 30% are now banking exclusively virtually.

Oliver Wyman 79

Oliver Wyman Banking Insurance Insurance 79

Harvard Business

JANUARY 18, 2018

Recently, the CEO of Deutsche Bank predicted that half of its 97,000 employees could be replaced by robots. Such new thinking will generate a whole new human resource development agenda, one quite probably emphasizing those innate human capacities that can provide a renewed strategy for success that is both technological and human.

Strategy& 134

Strategy& Strategy Strategy McKinsey 134

Tom Spencer

NOVEMBER 10, 2023

In this article, we will start to unravel the mysteries surrounding hedge funds, exploring their nature, workings, and the strategies they employ to generate profits. This relative lack of regulation allows hedge fund managers to implement complex investment strategies and respond quickly to market opportunities.

Strategy 88

Strategy Strategy& Strategy Financial 88

Tom Spencer

JUNE 16, 2018

Before we dive into why AI is the solution for the banking sector, let’s first explore what big tech companies have in common, how many of them have grown successfully, and what banks can learn. Usage of AI in the Banking Sector. Table 1: AI applications across Canadian and US banks (Source: Financial Post, Techemergence).

Banking 84

Banking Financial Transportation Data 84

Tom Spencer

MARCH 4, 2022

While almost everyone has heard about the prestigious careers in management consulting, there is a career that is quite similar and just as lucrative in economic consulting. The consulting industry in general is known for having very high paying jobs , and this is equally true for both management and economic consulting. Similarities.

Consulting 109

Consulting Management Oliver Wyman Case Interview 109

Tom Spencer

JANUARY 4, 2025

A look into her personal social media account (@aimeesmalex on Tiktok) can help determine her strategy. She shares her personal struggles, such as with anxiety, time management, and being the youngest person in the room. Here are 3 actionable strategies that you can use to get started. million the following year.

Marketing 88

Marketing B2C Video Media 88

Harvard Business

JUNE 7, 2017

Using each of these functions effectively is critical if one wants to manage information overload ̶ simply using your brain for crossing items off your to-do list is poor use of a very sophisticated machine. At the core of managing information overload is the ability to know which function to use, and how and when to use it.

Management 135

Management How To Exercises Energy 135

Harvard Business

OCTOBER 10, 2018

The consumer banking industry is notoriously difficult to enter, not least because most customers rarely switch banks. In some countries, people change spouses more often than they change banks. It has now become the largest bank in the country. ShutterWorx/Getty Images. Importantly, profits kept pace.

Banking 70

Banking Industry Insurance Insurance 70

Tom Spencer

JUNE 7, 2024

The root problem is the disconnect between strategy and innovation. Unique advantages could include: Physical assets – For example, Walmart’s chain of physical stores provide it with an established distribution network and logistics system that allow for efficient inventory management and fast delivery.

Strategy 88

Strategy Strategy& Strategy Intellectual Property 88

Management Consulted

OCTOBER 3, 2012

The prize for best answer was a FREE Consulting Case Bank and The Consulting Bible 3rd edition – a HUGE giveaway – so we weren’t surprised when we heard from so many of you. New ideas and strategies while working on the projects, finding different ways of doing things more effectively; I started feeling enthralled.

Consulting 204

Consulting Case Interview Interviews Engineering 204

Harvard Business

NOVEMBER 16, 2018

Yet, according to the World Bank , roughly one-third of firms around the world use kickbacks, paying an estimated total of $400 billion a year. After surveying corruption experts and business executives (including one who went to jail for bribery) I identified four strategies: Have a resistance plan for bribe demands.

Management 129

Management Ethics Government Sales 129

Harvard Business

OCTOBER 1, 2018

Many managers want to be more inclusive. For the most part, managers are not given the right tools to overcome the challenges posed by implicit biases. But this demands a lot of cognitive energy, so over time, managers go back to their old habits. PATRIK STOLLARZ/Getty Images. But they don’t know how to get there.

Management 132

Management Talent Examples Interviews 132

Management Consulted

APRIL 2, 2017

Strategy& (PwC). Ask any consultant about the Middle East, and Booz (now Strategy&) will be the first name on their lips! A little later, Booz was acquired by PwC and rebranded as Strategy& Now that our little history lesson is complete, let’s continue. Here we go!

Oliver Wyman 160

Oliver Wyman Consulting Deloitte Real Estate 160

Harvard Business

OCTOBER 22, 2018

My manager and team practiced an egalitarian decision-making process in which we would meet, discuss everything from content marketing campaigns to social media tactics, and collectively come up with strategies to move forward with. Some years ago, at a former company, I began noticing a curious series of events.

Management 128

Management Culture Meeting Groups 128

Harvard Business

MAY 16, 2016

Strategic alignment, for us, means that all elements of a business — including the market strategy and the way the company itself is organized — are arranged in such a way as to best support the fulfillment of its long-term purpose. How well does your business strategy support the fulfillment of your company’s purpose?

Banking 132

Banking Film Strategy Strategy 132

Successful Independent Consulting

FEBRUARY 28, 2025

You may be able to reduce those taxes by setting up an LLC and filing your taxes as an S-corporation , though thats a long-term strategy, not a yearly decision. Use accounting software like FreshBooks or QuickBooks Self-Employed on a routine basis to make preparing your tax return manageable.

Insurance 195

Insurance Insurance Consulting How To 195

Management Consulted

JANUARY 10, 2016

Welcome to the New Year Management Consulted Subscribers ! In addition, as banking salaries have increased across the board (up to 25% at the MBA level), consulting firms needed to increase their compensation packages to remain competitive. Strategy& ZS Associates. This leap year, 2016, is exciting on many fronts.

Oliver Wyman 100

Oliver Wyman Consulting Deloitte Boston Consulting Group 100

Tom Spencer

FEBRUARY 28, 2021

Many management consultants hardly complete two or three years in their jobs before they realize that there’s more to life than consulting. As a former consultant who decided to move from consulting to industry, I would like to share my personal journey on how I landed my opportunity in corporate strategy/M&A. Corporate Strategy.

Interviews 68

Interviews Case Interview Strategy Strategy 68

Tom Spencer

JUNE 2, 2023

LinkedIn is an often overlooked part of the management consulting application. LinkedIn is actually a key part of the management consulting application. For example, my LinkedIn profile highlights my two primary experiences: strategy consulting and international development.

Resumes 103

Resumes Consulting Management Cover Letters 103

Strategic Planning and Management Insights

MARCH 29, 2023

As a business leader, you know that creating and implementing an effective strategic plan can be overwhelming. There are so many things to consider: The field your company operates in, and how quickly it changes, affects the complexity, length, and scope of your strategic plan.

Banking 97

Banking Strategy& Strategy Strategy 97

Harvard Business

JUNE 13, 2016

Basically, a handful of asset management firms have become the most powerful shareholders of the nation’s largest banks. In “ Ultimate Ownership and Bank Competition ,” José Azar, Sahil Raina, and I looked at banks across different parts of the United States. BlackRock alone manages about $4.7

Banking 70

Banking Airlines Government Industry 70

Management Consulted

JANUARY 8, 2017

The field of management consulting also continues to have its fair share of excitement. Those who manage to break into management consulting firms in 2017 will be recipients of steadily increasing consulting salaries. Also, the listed salary data is solely for those in management consulting roles within these firms.

Consulting 100

Consulting Management Oliver Wyman Deloitte 100

Tom Spencer

FEBRUARY 21, 2021

Especially if your first job is management consulting as you will be presented with many opportunities to jump into industry. My primary career philosophy is to manage my career like an experiment. When making career decisions, I prioritize myself over the interests of my parents, manager, company, or others.

Strategy 78

Strategy Strategy Strategy& Management 78

Clarity Consultants

JUNE 30, 2023

What are the Benefits of Learning & Development Programs for Organizations When you’re spending the time and money training employees, you want to ensure that you’re getting the best bank for your buck–that’s where learning and development programs come in.

Development 265

Development Training Training Agile 265

Management Consulted

APRIL 20, 2016

MBA programs for Management Consulting – and the results may surprise you. Kellogg School of Management – Northwestern University. Tuck’s Class of 2015 placed 34% of its students in management consulting, with a vast majority of those going to MBB firms. With that in mind, we compiled the 2016 Top 10 U.S

Consulting 100

Consulting Management Deloitte Bain 100