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What Companies Succeeding with AI Do Differently

Harvard Business

In 2021, researchers at MIT and McKinsey teamed up to ask more than 100 companies how they were using AI in their operations and to learn what separated the highest-performing companies from the rest. They conducted a similar survey in 2023 to see what had changed.

Company 253
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Management Consulting versus Investment Banking

Management Consulted

In my time at McKinsey, easily half the people who left the firm went into the financial world (from hedge funds to PE), and salary was undoubtedly a major factor in the decision. At the Big 3 (Bain, Boston Consulting Group, McKinsey), you can expect travel 50-75% of the time. Relationship with coworkers, managers, and firm.

Banking 272
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How Retailers Became Ad Platforms

Harvard Business

Major retailers are today, most notably Amazon, are creating and operating their own advertising platforms — and they’re making millions doing it. McKinsey estimates that by 2026, retail media will add $1.3 trillion to enterprise values in the U.S. alone, with profit margins between 50% and 70%.

Retail 253
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Eight Secret Weapons of the Modern Consultant

Steve Shu Consulting

Although I’ve developed a number of blog posts addressing the practice of management consulting, I have spent little time tying things together into a framework of secret weapons of the modern consultant. A modern consultant is a professional that can work in dynamic industries, operate within multiple types of consulting organizations (e.g.,

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The Consulting Bible – Dominate Your McKinsey, Bain and BCG Fit and Consulting Case Interviews

Management Consulted

Do you sweat when nervously thinking about how Disney can expand its operations in Brazil? Learn more about the interview preparation course and guide that helped land offers at BCG, Accenture, and McKinsey. Why you shouldn’t believe McKinsey when they tell you the purpose of the group interview (pg. ” -Shirley S.,

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Why Do Management Consulting Firms Hire MBAs?

Steve Shu Consulting

Prior to my current role, I spent many years in the traditional management consulting space. 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.

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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Solopreneurs who come from “name” firms like PwC or McKinsey can charge more than those who come from industry. People who market themselves as independent professionals and operate as small businesses can charge more than those who work as subcontractors. I was happy, and the client believed they were getting a fair price.