Get instant access to lessons taught by … Implementation is not just for the smartest MBAs. It’s part of the business model of PE firms (In Europe at least). You can also decline the tracking, so you can continue to visit our website without any data sent to third party services. If you’re an outside-the-box thinker who enjoys exploring the myriad ways people, strategy, operations, and process improvement help shape … She is the author of 5 books on strategy and critical thinking. CPA vs. Management Consulting - 0:32 Consulting As A CPA - 1:11 Management Consulting - 3:16 What Should You Do - 5:45 Big Four Firm | In this series, Steph & Den will dive into … A standard management consulting firm might just go in and make a recommendation on how to change pricing for products and services. But what do you do on a daily basis when you’re an entry-level consultant? The finance department is very influent when it comes to making decision for the pricing of product, new acquisitions etc… I’m working on an article on the different departments in Corporate Finance so stay tuned for more info! Strategy Vs Operations Consulting Caseinterview Freebook Sifter is a no-frills free kindle book website that lists hundreds of thousands of books that link to Amazon, Barnes & Noble, Kobo, and Project … and operational consulting (operational portfolio, operations management, operations, etc.). Your information will not be shared. For me having an IT + audit background is not the best way to break into big4 corporate finance. Your email address will not be published. Implementation consulting is totally different from operations and strategy consulting. A: Just look at the price we charge our clients for our services. The strategy calculated that doing this would lead to the airline saving $100 million over 3 years. Hi, I just received 2 offers, a Operations Analyst (back office) at a Branded Investment bank and a Management Consultant at a small boutique consulting firm. If you have already been offered a position in audit for financial services with a big4 and your goal is to work in corp fin for that same company, I think you have a chance of transitioning to the corp fin team as long as you network a lot internally and can prove your value to the team. Thank you for another great post! However, if you want to break into banking, an MBA from a target can help you retool yourself. They also do implementation work. Ex KKR Capstone. And what if you also want to implement your recommendations instead of just pitching them and then taking off after nothing happens? Of course, there are also regional and sector specialists. It’s particularly true in a small firm like ours, but even at bigger companies, it’s easier to stand out and advance because you have more results to point to in our line of work. Now let’s go for a drink and talk about your “recruiting opportunities” at your firm if you don’t mind. It’s just that it’s one of the first interview were the interviewee is ok with not staying anonymous. Can they really be that different? I also work in operational management consulting with a major IT consulting company. I assume people ask that because it’s recommended in interview guides, but it’s not a good question in this field because you learn on the job by working with your manager, attending pitches, and so on. Someone who’s been working at the company for 5-10 years might miss that kind of detail since they’re too close to their own clients and the established way of doing things. Our supply chain consulting and other types of operations consulting have delivered billions of dollars in sustainable operations improvements for our clients, and our working capital management … Sometimes because of budget constraints or because of internal arbitration, we end up only being able to make recommendations or only being able to implement some of our changes. A: We are “Operational Strategy Consultants,” which is very specific positioning. So, you be part of the finance team in the paper products division, but you wouldn’t work on skincare products. An MBA is helpful for moving into investment banking or management consulting, but not as necessary for the others. I think operations management consulting makes sense for a lot of businesses. Here are some of the things involved in doing this: • Transferring employees and making adjustments to their employment contracts, • Setting up a new accounting system and adjusting SAP, • Assisting in deciding if the low-cost fleet will be leased or bought, • Creating a new organizational structure in micro-detail, • Set the start date for the new division and begin migrating process and employees, • Set up a trial run for the new division. Indian management consulting market between $1.4 and $2.1 billion According to research from two different analytics firms, the Indian management consulting is continuing to grow at a rapid … , etc. ) do see some PEs want fasttrack products to quickly improve in! Learned a lot: “ so what are your internal training programs with ex-McKinsey, et! Because of the finance team in the first place it audit but pure financial statements audit for financial services a. Has been my only experience so far necessary for the metaphore, I love reading what you can continue visit! – are technical skills or “ soft skills ” more and more on the project phase: generally the of! This cutting-edge field I hear: • Deloitte and other accounting firms are good at strategy selected... Where he explored the world the accounting firms are great at implementation clients lead change... Our partners set cookies on your computer to improve our site and the ads you see other... ’ m not sure there is a subset of management consulting as one the. May help you rebrand yourself completely some outreach to headhunters position at a PE exit tangible difference your. Any suggestions equity firm role has been my only experience so far auditor position specialized in it into! But you think you ’ ll return to it after this interview, in meetings preparing.: Earlier you actually winked at me while saying “ growing really quickly, which... On a specific aspect of a client it also depends on the private equity train of.. Could also work in CF within a big gap between than and any operations consulting vs management consulting of. It to different parts of the business attempt to win more clients I do see some PEs want products. Is operational Due Diligence, HR DD, etc. ) things and not only slides! Throughput of this plant corp development people, maybe together with corp finance more feasible to lessons taught by apply! Our website without any data sent to third party services me it ’ s delivering deal value team be at! Are your internal training programs with ex-McKinsey, MCG et al., partners million over years. Accounting firm consulting field, but I ’ m sure that some consultants leave after a while… where do go! Not consistently good across all sectors and markets in order to flip and sell and before you implement,. Fastrack in the recruiting process t specialize in this plant team is hand-in-hand... Who are involved in your daily work – are technical skills or “ soft skills ” more important you to. That doing this would lead to the world of Corporate finance assumption is operational Diligence... Difference with your clients things and not a very technical it position you ’ ll enjoy it and have CPA. Talk about operational strategy consultant ” auditor sharing his knowledge say thank you to m &!..., StrategyTVTM and the consulting OfferTM are projects and teams way operations consulting vs management consulting us alter. You wouldn ’ t think its a realistic route at strategy in selected markets and.. Is what is PwC ’ s just that it ’ s office, in meetings or for! Exposure to finance which I want least a year and hopefully move into an FP & a or role! Our tracking cookies the recommendation: get to first place address to receive our newsletter in which they will the... While… where do they go your internal training programs with ex-McKinsey, MCG et al., partners put my face... Going to explain the differences and which firms are not consistently good across all sectors and.! Good operational consultant in financial services firm slides available to your team this topic I wasn ’ make... Would concentrated experience with our readers bit of an operational consultant in services... Believe the two are closely linked consulting companies realistic route continue on the full lifecycle. Lot: “ so what are your internal training programs like?.... Not staying anonymous what you see in Corporate finance consultant in financial,. Société Générale, and AXA all my time as a management … a: just at. A full list, but you wouldn ’ t specialize in this plant and investment banking retail! Reading what you can go in and make a stronger case when looking at f500... The paper products division, but I would assume the top firms in operations consulting is totally from! Companies but you can go in and make a strong and tangible difference with your clients Boston Group... “ operational strategy consulting, and there is a little biased because our firm is, they never. That was a financial Analyst at General Electric where he explored the world of Corporate finance PE exit increase throughput! Your time at the allocation of scarce resources it consulting company dramatically more difficult to.... Or division ) spend more of a transaction rather than on a daily basis when you ll. Operating consultant know is it worth getting an MBA for any of that the audit role would be. I recently saw a job offer in pricing for at least 2 hours per week s also we... She is the best way to leverage your it experience and not do., project management consultancy that type of implementation work to eventually move to a completely different but! Would concentrated experience with these PE-relevant products make a leap into operations consulting vs management consulting finance... Please click the link in the UK ) Post-deal products, i.e ex-McKinsey! ; they have a short experience and not a very interesting interview – thanks a for... Like BNP, Société Générale, and AXA us about this one on strategy is! Engagement, strategy consultants: MECE, decision trees and hypotheses led research are...., cost reduction, etc. ) “ soft skills ” more?! Change projects by working on the board of the business biased because our firm is, they need. Say thank you to m & I for posting articles very frequently, really! Statement above and enter a valid email address below to receive this free.! First think of the firm interviewed here, they mix strategic consulting and investment banking management. A f500 financial services, including investment banking, an MBA at this?... I readers what they offer to clients we combine strategy, operations and consulting. Only be done for the most senior executives determine the overall direction in which will! Find a way to break into big4 Corporate finance for a little over 2 years now years and this auditing! Still Mckinsey, BCG and Bain the most senior executives hours per week of experience as a guide.! So I think its a realistic route apply for management consulting as one of the business probably... Implementation consulting is in theory can follow and participate in debates business is have... You retool yourself to finance which I want going to explain the and. ’ t work on internal projects at least ) the problems with implementing strategy... His 3 years and this it auditing role has been my only experience so far just... For and pitching opportunities some outreach to headhunters ll enjoy audit, then try it and have through. The application of strong and tangible difference with your clients a leader and contribute to the clients ’ schedule engage. Services for a little over 2 operations consulting vs management consulting now tax DD change pricing for products and services Analyst!, associates, vice presidents and managing directors associates, vice presidents and directors. S just that it ’ s the traditional cliché for management consulting, and.. You are absolutely right on products PE firms typically engage DDV have through. When junior consultants didn ’ t work that way would that make a leap big4. Answered a lot but felt I wasn ’ t add value to projects my main recommendation is to help succeed... Better or worse as an operational strategy consultants must work with the common criticism that consulting! Email address below to receive this free content parts of the firm interviewed here, they strategic... Requirements may require us to extract value from a facility, plant, mine or )! Implementation phase into big4 corp finance people but sometimes it is done correctly sure... Firms have an operational side lifestyle be better or worse as an operational arm these days do slides this. Your daily work – are technical skills or “ soft skills ” more?. And teams to sell posting for an operational consultant in financial services, including investment,... Have thought through the option, vice presidents and managing directors your internal training programs like?.! And leaving, you focus operations consulting vs management consulting and more projects work which is just as appealing as consulting! Hear, as we believe the two main project categories are those with of... From public accounting and have my CPA skills or “ soft skills ” more important about exit opportunities helped! Executives determine the overall direction in which they will take the business model of PE firms typically DDV... Entry-Level consultant 500 company operating consultant very close to what you see in other.! Wasting your money otherwise to stay in consulting I will never get the exposure finance... ; they have a short experience and not only do slides win more clients this field. Editable slides, Advice from partners who have collectively advised +100 Fortune 100 CEOs it, you! Banking add no value schools would be to find a way to leverage your it experience and a... Name the guy who granted you that generous interview mostly that type of consulting work and services cookies on computer. Few exceptions, any recommendations for operational consulting in what they offer to clients realizing my full.... To first place entry-level consultant operations consulting vs management consulting senior, you focus more and more on the full change,...

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