A BRIEF INTRODUCTION TO MANAGEMENT CONSULTING

Transcription

1 A BRIEF INTRODUCTION TO MANAGEMENT CONSULTING OCTOBER 2012 Sam Herbert

2 What is Management Consulting? Varied project types Really interesting questions Personal opportunity The type of projects cover a broad scope Driving revenue or profit growth Increasing market share or competitive advantage Changing the way the company thinks and works Difficult, high stakes situations Help senior executives with their toughest problems These are problems which they cannot solve themselves Lack of relevant expertise Shortage of resources Need for outside objectivity Outstanding opportunities for training and development this is people business A strong foundation How businesses and markets really work Interaction with senior executives from day one A truly global experience Good compensation 1

3 Who do you want to work for when you graduate Not an easy choice Consulting offers you the opportunity to work across multiple industries and companies 2

4 What is a typical high-performing career trajectory? Graduate today 3 years on 10 years on Consulting Consultant Consulting firm Variety of projects around the world Work across different industries Associate Consulting firm Manage small project teams Meet execs Focus on particular industries Principal Consulting firm Manage large projects but rarely have P&L responsibility Industry specialist Executive Board Member FTSE 250 retailer Operational responsibility for 100 MM+ Manage 100s employees Industry Graduate Scheme Consumer Goods Company Line Manager Consumer Goods Company Divisional Manager Consumer Goods Company Typically join one department Line manager of a small team Directly reporting to executive board Rotate between different roles Operations responsibility May work abroad P&L responsibility Manage 10s employees 3

5 Success beyond the firm In Industry Financials Goldman Sachs, JP Morgan Chase, Barclaycard, Capital One, AXA, UBS, Deutsche Bank, Lloyds Banking Group, Barclays, Apax, Advent, Cinven Technology Google, EBay, Amazon, GE, Yahoo!, Facebook, Microsoft Manufacturing and Transportation Boeing, Southwest, Qatar Airways, Hawaiian Airlines, FedEx, Deutsche Bahn, BMW, Volkswagen, Bosch, Samsung, Bayer Health Johnson & Johnson, Pfizer, WellPoint, Columbia Presbyterian, Philips Healthcare Retail & Consumer Goods Tesco, Boots, John Lewis, Nike, L Oreal, PepsiCo, Staples, Coach, Amazon, Victoria's Secret, Starbucks, Abercrombie & Fitch Media & Entertainment NBC, BBC, HBO, Universal, ITV, MLB/NBA/NFL, Walt Disney, Sony Pictures Back to university (MBA, PhD, Masters) LBS, Oxford, Cambridge, Harvard, Penn/Wharton, Insead, Stanford, Yale New hire Partner In the public sector HM Treasury, UK Asset Protection Agency, FSA, DWP, NY Fed, Obama Administration, US Treasury In non-profits Kiva.org, The Seed Foundation, One Acre Fund, Clinton Foundation, Wyman Worldwide Health Partners Partner path 50% of Partners were hired straight from university 06 December

6 Why consider Management Consulting as a career? Consulting firms offer great opportunities for learning and development First class business training Collaborative environments where everyone contributes to solving problems Exposure to the most senior management in industry, private equity, non-profits Results-oriented meritocracy Flexible career paths Commitment to mentorship and investment in you as an individual 5

7 Applying to Oliver Wyman 1 November 2012 Deadline Process Tests 7 13 November 2012 First-round November 2012 Final interviews 23 & 26 November 2012 Offers 28 November December 2012 Deadline Process Tests 4 14 January 2013 First-round January 2013 Final interviews 25 & 28 January 2013 Offers 29 January 2013 Apply online You can apply to both tracks with one application Contacts Louise Glaister and Gemma Roberts recruitinguk@oliverwyman.com Internships Apply by 20 January

8