Here are some articles related to management consultancy I’ve come across in the last few weeks, and my news, views and opinions about what’s going on in the consultancy sector. These may be of interest to you if you are actively seeking a consultancy position and – as I emphasise in my presentations, webinars and coaching sessions – information like this could spark an idea that leads to a job opportunity with a consultancy firm.
Consulting trends and financial technology – tips for Bain applications – consulting in the Gulf States – BCG’s Platinion consultancy – regional consultancy opportunities in the UK – more digital transformation – telephone interview glitch
I’ve written in previous emails about digital transformation and the business it generates for consultancy firms. http://www.donleslie.uk/newsletter/ Now Accenture have published a paper on digital disruption, outlining how companies are using technology-driven innovations to create and shape a ‘new reality’ in their markets, threatening incumbents in industries as diverse as health and hi-tech. https://www.accenture.com/gb-en/insight-leading-new-disruptability-index Meanwhile, strategy house Oliver Wyman has purchased two more small consultancies to strengthen its transformation and design-thinking service line http://www.oliverwyman.com/media-center/2018/march/oliver-wyman-acquires-design-thinking-consultancy-8works.html
In recent years professional services firms have been actively courting minority groups. Employee pools have been widened to represent more fairly the societies in which the consultancies operate. Seven major consultancies have joined the LGBT+ coalition Open For Business, promoting a positive economic and business case for equality of opportunity for everyone: Accenture, Boston Consulting Group, EY, IBM, KPMG, McKinsey and PwC. https://www.open-for-business.org/the-coalition/
London is the nexus of the UK consulting industry. For students interested in working in the UK but outside London, the opportunities have been few. So welcome news from RSM, which is increasing the size of its office in Manchester by establishing a new Technology and Management Consulting hub there. IT-led business change and digital strategy will be two of the main service offerings from this mid-sized firm. https://www.rsmuk.com/news/rsm-ratchets-up-technology-and-management-consulting-arm And in Birmingham, EY is expanding its Financial Services team. I had a look on the firm’s careers page: there are 12 jobs currently posted, although most require either previous consulting or relevant FS/banking experience.
Banking and financial services continues to be the biggest fee earner for the consulting sector worldwide. Synechron, the US-owned digital, business and technology consultancy, and European consultancy giants Capgemini, are quoted in a new study about trends in financial technology. The paper covers ten key issues ranging from blockchain and intelligent AI, to design thinking and the cloud https://thefinancialbrand.com/69779/financial-technology-trends-data-ai-blockchain/
For MBAs thinking of applying to strategy house Bain, here’s a link to an interview in the Poets & Quants newsletter https://poetsandquants.com/2018/03/02/how-bain-recruits-mba-talent/?utm_source=Poets%26Quants&utm_campaign=8c82384388-EMAIL_CAMPAIGN_2018_03_06&utm_medium=email&utm_term=0_4c36110279-8c82384388-148761285 with Keith Bevans, a Bain partner who is responsible for the firm’s global recruitment. He talks about “Connect with Bain” http://www.bain.com/careers/events/connect-with-bain.aspx – an initiative which allows MBA students interested in the consultancy to talk informally with Bain consultants. He says “It’s a chance for them to meet with the people from Bain and, more importantly, get to hear about the type of the work that we’re doing and get a sense for what the industry is and what type of work Bain does. We’re not interviewing people during those sessions…but it’s a good chance for them to plant the seed in their mind that this could be an exciting career for them post-MBA.” It’s also worthwhile looking at the blog for Bain consultants, Bain Voices https://bainvoices.wordpress.com/ to get a better understanding of consultants’ working lives.
Boston Consulting Group’s subsidiary BCG Platinion is the firm’s IT architecture and solutions practice. There’s an interview in the online consultancy newsletter Consultancy.uk with a senior consultant from the practice’s Amsterdam office, where he talks about his work. https://www.consultancy.uk/news/16251/interview-ties-carbo-senior-consultant-at-bcg-platinion-western-europe
Strategy and management consultancy in The Gulf: Source Global Research, http://www.sourceglobalresearch.com/ the leading information provider for the consulting sector, is interviewed by Dubai Eye 103.8, a local talk radio station, about its new report on consultancy in the GCC. An 8% growth forecast for 2018, McKinsey, the impact of MBS, and the NEOM project are amongst the topics. Anyone considering the Middle East as a destination for consultancy work should listen in. https://www.sourceglobalresearch.com/sites/default/files/Source%20Global%20Research%2C%2015.03.2018.mp3
I wrote a blog at the beginning of the year about telephone interviewing http://www.donleslie.uk/newsletter/page/3/ A business school student who discovered the piece just a few days ago emailed to tell me about an unfortunate experience. She had arranged a telephone interview with a Big Four consultancy and had booked a room at her School where she could take the call on her mobile….but there was no mobile signal in that part of the building. It pays to check…… You’ll also find other articles on aspects of management consultancy interview preparation on my website.
I’ll be speaking on careers in consultancy at Loughborough University shortly, and have already had bookings from business schools for Autumn Term “Careers in Consultancy” presentations. Let me know if you’d like me to visit your University or School too. I’ll be attending the MBA CSEA European Conference in Rotterdam later in the month. You as well? Shall we arrange a meeting during the event? Please drop me a note. Finally, there are slots available for 1:1 coaching telephone/skype sessions for anyone exploring consultancy on Friday 20th and Monday 23rd April. Contact me for prices and bookings.
Don Leslie Management Consultancy Career Strategist
Careers and Consultancy 20 Almeida St London N1 1TB United Kingdom
campus presentations – webinars – 1:1 coaching and advice sessions by skype, telephone or on campus