Wealth Management 101: The Hidden World of Private Banking
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.
Banking Operations Recruiting 
Consulting 101: Operations, Hierarchies, and Types of Firms
Tom Spencer
FEBRUARY 11, 2022
Learning how consulting firms operate can help you better understand what you would do as an analyst. Career pages explain intern/first year programs, and the recruitment process. If you are interested in recruiting for a consulting internship or graduate program, visit the firm’s careers page and read about the specific program.
Operations 
88
88 Join 55,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Management Consulting versus Investment Banking
Management Consulted
DECEMBER 16, 2008
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.
Banking 272
272 
Human Resources Management – How to Get Started
Tom Spencer
JULY 29, 2022
Human resource teams are critical to the growth of a company since employees typically represent both the biggest operating expense and largest off-balance sheet asset for most businesses. If you are early in your career, you may be engaging a lot with recruiters. Within HR management, there are three main functions to be aware of.
Resources 78
78 
Selling Your Competitive Advantages in Consulting
Tom Spencer
MARCH 21, 2021
Looking back to consulting recruiting in graduate school, I always think about how interesting it was that so much of the conversation among candidates was about getting an offer from a top consulting firm. During the recruiting process, firms screen candidates for potential to succeed given the firm’s business portfolio and culture.
Consulting 88
88 
Bulger Partners – Strategy Consulting for the Software Economy
Management Consulted
MAY 28, 2017
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. Chris sold his prior firm to Bank of America for $1B, and found that he missed advising tech companies.
Software 165
165 
How Capitec Became South Africa’s Biggest Bank
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. These areas were underserved by the traditional banks.
Banking 28
28 
3 ways financial advisory consulting bests strategy consulting
Management Consulted
JULY 22, 2013
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? Well…sure.
Financial 194
194 
Bulger Partners – Strategic Advisers to the Software Economy
Management Consulted
MAY 28, 2017
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. The firm also brought on technology executive and entrepreneur Jeffrey Vogel to build the consulting operations as Head of Strategy Consulting.
Software 100
100 
Bulger Partners – Strategic Advisors to the Software Economy
Management Consulted
MAY 28, 2017
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. The firm also brought on technology executive and entrepreneur Jeffrey Vogel to build the consulting operations as Head of Strategy Consulting.
Software 100
100 
Bulger Partners – Strategic Advisors for the Software Economy
Management Consulted
MAY 28, 2017
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. The firm also brought on technology executive and entrepreneur Jeffrey Vogel to build the consulting operations as Head of Strategy Consulting.
Software 100
100 6 Ways You Can Prepare for Consulting Right Now
Management Consulted
JANUARY 29, 2017
Have you missed the undergraduate recruitment window? Here are 6 ways to prepare for consulting as you wait for the next chance to drop that resume: 1) Go work for a brand name company, but do something that is sales, operations, or strategy related. Didn’t make the break you expected this year for careers?
Consulting 100
100 
Leading with Impact: How companies are implementing ADEI initiatives to open doors to success.
UPD Consulting
SEPTEMBER 21, 2021
This ranges from initiatives that give back to underrepresented communities, public statements promoting equity, more diverse recruiting and retention strategies, and changing systems to ensure that all stakeholders have access to success. . Companies have taken a myriad of approaches to ADEI work.
Company 52
52 
ESG’s Impact on Professional Services
Prudent Pedal
JULY 27, 2021
How firms use ESG to position their businesses is of strategic importance to a firm’s brand, demand generation, client relationships, recruiting, and culture. Big banks, accounting firms, and business leaders are working to “reset” how company’s conduct and measure business performance. . Time will tell.
Metrics 76
76 
JPMorgan's $13 Billion "No Admission of Wrongdoing" Settlement (and a $7 Billion Tax Deduction)
MishTalk
NOVEMBER 20, 2013
JPMorgan agreed to pay a record $13 billion following a probe of its mortgage operation, Washington Mutual bad loans, and mass waivers on misrepresented products. JPM)’s record $13 billion deal to end probes into mortgage-bond sales may save the bank billions more because of what the agreement lacked: an explicit admission of wrongdoing.
Banking 69
69 
Job Hub: Virgin Group Jobs and Culture
Management Consulted
JULY 15, 2015
The group’s travel-related operations, led by 51%-owned Virgin Atlantic Airways, are among its largest cash generators. Virgin Atlantic flies to 30 destinations around the world with a surprisingly small fleet of 40 aircraft, complemented by its Australian low-fare cousin, Virgin Blue, which operates a fleet of some 80 aircraft.
Groups 100
100 
BearingPoint Interview Preparation – Mystery or History?
Management Consulted
JANUARY 20, 2014
However, today BearingPoint is emerging as a player in the operations and technology scene, especially in Europe, and has re-established an impressive growth trajectory. Now, BearingPoint is operated as a Netherlands-based partnership which consisted of 120 partners in 14 countries throughout Europe. Supply Chain & Operations.
BearingPoint 139
139 Brews, News and Booz & Company: Interview and Culture Insights
Management Consulted
AUGUST 28, 2013
He began by helping firms recruit competent executives, acquire new customers, and establish conducive office space. After 2 years, he recruited 2 friends from Chicago and formed the Business Research and Development Company with $500 borrowed from the bank. Operations and Logistics. Organization and Change. Automotive.
Interviews 181
181 The Secret to Leading Organizational Change Is Empathy
Harvard Business
DECEMBER 20, 2018
These are major changes that will affect every aspect of how the firm operates — from the services it offers to the structure of her organization. A large European retail bank modeled this well during an organizational overhaul. Involve Individuals at All Levels. A transformation won’t succeed without broad involvement.
Banking 53
53 
PM Career Paths
Tom Spencer
AUGUST 24, 2019
While other PMs are operating more on execution level, senior PMs begin to look more at the broader product process and gradually become the voice for the product team to senior management. She also has experience in scaling product user cases at TD Bank and Overbond (fintech). Director of PM. Image: Pexels.
Productivity 60
60 
Altman Vilandrie: Interviews and Culture
Management Consulted
SEPTEMBER 6, 2015
Operations – Altman Vilandrie dissects the everyday running of a client’s business to see what can be done better. INTERVIEWS AND RECRUITING . Target Schools: The list is short in sweet, reflecting an intelligently focused recruiting strategy: Brown. Are customer needs being met? Industries. Technology.
Interviews 100
100 
Advisory Board Company Interviews and Culture
Management Consulted
MARCH 9, 2014
The Advisory Board Company is perhaps best known for its membership platform which provides information, research and tools specifically targeted to companies pursuing operational and strategic organization improvement in the U.S. Cost and operations. THE ADVISORY BOARD COMPANY INTERVIEWS AND RECRUITING. Industries.
Interviews 147
147 
Job Hub:T-Mobile Jobs and Culture
Management Consulted
MAY 21, 2015
T-Mobile, an American operating entity of a German company, is the smallest big player in U.S. The company operates the fourth largest wireless network in the U.S. Are you an employer,recruiter, or hiring manager? Today we highlight tremendous business analyst and post-consulting leadership jobs at T-Mobile. market with 52.9M
Wireless 100
100 For Some Platforms, Network Effects Are No Match for Local Know-How
Harvard Business
JULY 26, 2018
On March 25 mighty Uber bowed out of Southeast Asia by selling its operation in several countries to local rival Grab. In 2016 the company sold its China operation to Didi Chuxing because of the fierce competitiveness of the local player. A year later, Uber admitted defeat in another region, selling its operation in Russia to Yandex.
Recruiting 37
37 
Job Hub: Chick-Fil-A Jobs and Culture
Management Consulted
FEBRUARY 28, 2016
Though this decommissions 1/7 of the firm’s operating days, it has done nothing to harm Chick-Fil-A’s growth, with the company continuing to post impressive same-store-sales numbers over multiple consecutive years. Are you an employer, recruiter, or hiring manager? ” and “Why are you applying for this position?”
Culture 100
100 Career Bankers Alone Can’t Solve the Financial Industry’s Problems
Harvard Business
OCTOBER 31, 2016
The banking industry is mired in a state of permanent crisis. Some firms, like Deutsche Bank, are still trying to clamber out of holes they dug before the financial meltdown, negotiating multibillion-dollar settlements with the Department of Justice. We have entered the world of ultra specialists. They also develop transferable skills.
Financial 28
28 
The Top 8 Undergrad Consulting Majors
Management Consulted
OCTOBER 30, 2016
However, Finance is mostly a pipeline in to investment banking. If all you have is trading, investment, and financial experience on your resume, the firms will wonder how interested you are in business operations. Engineering (Mechanical Engineering is the most operationally focused). P&G, Coca Cola etc.).
Consulting 100
100 
3 Steps to Cultivate an Innovation Culture
Organizational Talent Consulting
JULY 24, 2023
The proven benefits of innovation include: increased competitive advantage improved operational productivity reduced costs and increased revenue improved commercial value enhanced problem-solving One modern innovation that is impressive to watch is SpaceX's reusable Falcon 9 (watch the video below). million per launch.
Culture 52
52 
A Commercial Pilot’s 2-Year Plan to Break into Consulting
Management Consulted
SEPTEMBER 24, 2014
So I started searching for programs that consulting firms recruit from. Georgia Tech is a program that two firms recruit from that I would be interested in. And a host of others, like North Highlands, Deloitte, and some other places recruit from there as well. One is Bain, and the other is McKinsey. Let’s see here.
Consulting 125
125 How One Company Made Its Analytics Investment Pay Off
Harvard Business
JANUARY 4, 2018
The ABU was set up as a centralized profit center with ambitious targets and with direct reporting to the chief operations officer; most often, similar units are organized as cost centers with no specific targets. The value generated by risk- and operational cost-abating analytics initiatives is measured by their impact on the bottom line.
Company 28
28 
Gig economy 2020: The new revolution
QEmploy
SEPTEMBER 17, 2019
Traditional payment systems: Low cost, but slow: bank wire transfers. It also revealed that 1 in 3 freelancers would prefer to receive their payments in digital currencies than through the banking system. Even now, AI is changing the way how the gig economy operates. Are you wondering if it’s a Low cost and Fast method also?
The Risks and Benefits of Using AI to Detect Crime
Harvard Business
AUGUST 9, 2018
Many banks and large corporations employ artificial intelligence to detect and prevent fraud and money laundering. For instance, banks have been using transaction monitoring systems for decades based on pre-defined binary rules that require the output to be manually checked. Patrick George/Getty Images. Insight Center. Adopting AI.
Banking 28
28 
Top 10 Consulting Firms In New York
Management Consulted
FEBRUARY 5, 2017
As usual getting into McKinsey is tough, but it’s even tougher in NYC – with many target recruiting schools nearby and hundreds of aspirants swarming to locate in NY, it’s a highly competitive office. Bank of New York, AIG, Depository Trust, Standard & Poor’s, etc.). The Boston Consulting Group.
Consulting 157
157 
6 Things Successful Women in STEM Have in Common
Harvard Business
APRIL 27, 2018
More recent research suggests that messages in recruiting for women in STEM often reinforces the notion that men are naturally better in those fields. Prior to joining Bank of America, she was placed in charge of an all-male team, and a colleague suggested she act tougher.
Booz Allen Hamilton Interviews and Culture
Management Consulted
MARCH 28, 2016
Intelligence & Operations Analysis. Rohit Bhagat – Global Chief Operating Officer – Barclays Global Investors. Karen Fawcett – Director – Standard Chartered Bank Malaysia. Richard Gay – Senior Vice President of Strategy and Business Operations – VH1 and CMT, MTV Networks. Information Technology.
Interviews 100
100 Job Hub: Tesla Motors Jobs and Culture
Management Consulted
AUGUST 23, 2015
The company now employs more than 6,000 people worldwide, and still operates in 3 countries. Once you get passed to Round 0, you can bank on at least 3-5 interviews (although they have been known to give more) which typically consist of connecting with the recruiter for a phone screen and a phone interview with the hiring managers.
Culture 100
100 
The Best Companies Aren’t Afraid to Replace Their Most Profitable Products
Harvard Business
JULY 14, 2016
Since then, WeChat has been constantly launching new services, from mobile payments to booking doctor appointments, from police reporting to taxi hailing, from video conferencing to mobile banking services. Recruit Holdings from Japan is a publishing and classified advertisement company, founded in 1963.
Productivity 28
28 Before Automating Your Company?s Processes, Find Ways to Improve Them
Harvard Business
JUNE 13, 2018
It operates at the task level and not the end-to-end process level.” The company may have collections of standard operating procedures, but they are often poorly documented and out of date. As Andrew Spanyi , the author of four books on process management, put it to us by email: “RPA does not redesign anything.
Company 45
45 
Why consulting?
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. No other occupation offers you an insight into corporate strategy or operations in such a short time.
Consulting 204
204 Innovation Should Be a Top Priority for Boards. So Why Isn’t It?
Harvard Business
SEPTEMBER 21, 2018
This isn’t all that surprising given the level of innovation activity in these sectors, but directors operating in similarly disrupted sectors should take note. Director Recruitment and Skills. Recruiting directors with technological expertise is one avenue through which boards can boost their innovative capabilities.
The Financial Industry Needs to Start Planning for the Next 50 Years, Not the Next Five
Harvard Business
JULY 17, 2017
It’s far from the only case of a failure to embrace a more digital approach; the larger shift to digital is changing the way every industry operates. Banks are feeling the crunch; according to McKinsey , legacy financial institutions will see profits decline 20%–60% by 2025 if they fail to evolve digitally.
Financial 47
47 
Booz Allen Hamilton
Management Consulted
MAY 21, 2015
Intelligence & Operations Analysis. Rohit Bhagat – Global Chief Operating Officer – Barclays Global Investors. Karen Fawcett – Director – Standard Chartered Bank Malaysia. Richard Gay – Senior Vice President of Strategy and Business Operations – VH1 and CMT, MTV Networks. Information Technology.
Case Interview 100
100 Buck Consultants Firm Profile
Management Consulted
SEPTEMBER 11, 2016
Buck Consultants now operates out of multiple offices globally with a clientele that includes 45% of Fortune 100 companies. BUCK CONSULTANTS INTERVIEWS AND RECRUITING. Then, in 2010, Xerox acquired ACS for $6.4B, making Buck a Xerox company and a global leader in HR solutions. BUCK CONSULTANTS ORGANIZATION. Communication. Compensation.
Consulting 100
100 When to Decentralize Decision Making, and When Not To
Harvard Business
DECEMBER 26, 2017
customers, competitors, suppliers, employees, regulators, partners, and so on) occur at the level of the operating unit, and if these interfaces are genuinely different between operating units, it makes sense to locate the corresponding tasks (e.g., If the sources of these opportunities and threats (e.g., Avoiding duplication.
Efficiency 28
28 
Let's personalize your content