Posted by Khaled Kteily on in All About Consulting

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This post is Part 4 in a five-part series on the skills you will need to succeed in consulting, and focuses on building an effective network and positive reputation within your office and firm. 

The series:

Part 1: Hard skills and staying organized

Part 2: Knowing your industry, client, and competitors

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Posted by Khaled Kteily on in All About Consulting

From time to time, we'll highlight some of the content that's available to registered users to help you find your way around. Most blogs will do this to entice you to subscribe to some sort of a premium membership, but as a reminder - registering is completely free

Today, we're featuring the 'Expert Blog Content' section. 

Posted by Khaled Kteily on in All About Consulting

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This post is Part 3 in a five-part series on the skills you will need to succeed in consulting, and focuses on a few key things you should be doing from a logistical and personal organizational perspective. 

The series:

Part 1: Hard skills and staying organized

Part 2: Knowing your industry, client, and competitors

...

Posted by Khaled Kteily on in All About Consulting

b2ap3_thumbnail_Vault-Consulting-50.PNGOn November 7, 2012, Monitor Group's US subsidiary filed for bankruptcy and announced that Deloitte would acquire their global strategy practice. Monitor had between $100M and $500M of each assets and liabilities. On January 11, 2013, the deal went through for about $116M (according to The Economist). 

Monitor had a prestigious reputation as a boutique consulting firm with a tight-knit community and a strong collegial vibe. At Queen's University especially, it was not uncommon for candidates to turn down McKinsey, BCG, Bain and other firms to work at Monitor. 

Now let's talk numbers for a moment. How big was Monitor before the acquisition? Around $150M-$200M (my estimates could be a little off - please correct me if you have more accurate estimates). 

Posted by Khaled Kteily on in All About Consulting

b2ap3_thumbnail_2012-07-07-21.32.17-HDR-1.jpg

This post is Part 2 in a five-part series on the skills you will need to succeed in consulting, and focuses on the importance of knowing your industry, client and competitors. 

The series:

Part 1: Hard skills and staying organized

Part 2: Knowing your industry, client, and competitors

...

Posted by Khaled Kteily on in All About Consulting

b2ap3_thumbnail_2012-07-07-21.32.17-HDR-1.jpgI've held off on writing about 'how to succeed as a consultant' until I knew that I could provide real, valuable advice to students who are entering the field or to new consultants who have just started. As I approach the median tenure at a consulting firm (likely somewhere between 2.5-3 years), I've learned quite a few things along the way. This series is meant to share some of that and over the next month I'll be posting about the following 5 topics that will help you succeed as a management consultant:

Part 1: Hard skills and staying organized

Part 2: Knowing your industry, client, and competitors

Part 3: Logistics and personal organization

Part 4: Networking & reputation

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Posted by Khaled Kteily on in All About Consulting

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Many students in Canada don't know that Montreal used to be the economic powerhouse of Canada. It was only after fears that Quebec might secede, that many companies moved their offices to Toronto - today, the major consulting firms all have a presence in Toronto.  

As most McGill students know, the Montreal consulting space has been fairly limited to McKinsey, Oliver Wyman, Accenture, and Deloitte. Major firms like BCG, Bain, and Monitor simply didn't have any offices here. 

Interestingly, however, this has been changing. In 2012, BCG opened a new Montreal office, and ramped up recruiting in nearby universites (McGill, HEC, etc.). Just a few months ago, Roland Berger - historically a European-centric company - opened an office in Montreal as well. KPMG bought out the Montreal-based Secor. And the word is that other consulting firms growing their operations in the city (click through to read more).

Posted by Khaled Kteily on in All About Consulting

Management Consulted has recently published a list of salaries at major consulting firms (one of the most interesting posts they come out with once or twice a year). Without commenting on the accuracy on any of these, I'd like to reproduce some snippets their blog post below:

For undergraduate students, take a look at the following numbers, organized by total base + signing bonus figures (ordered by total in Canada):

  1. Oliver Wyman: $75k base with $10k signing bonus ($85k)
  2. Bain: $70-75k base with $5k-$7k signing bonus ($75k-$82k)
  3. Booz: $72k base with $5k signing bonus ($77k)
  4. BCG: $72.5k base with $5k signing bonus ($77.5k)
  5. Accenture: $67-$68k base with an $8k-$10k signing bonus ($75k-78k)
  6. McKinsey: $70k base with $5-6k signing bonus ($75k-$76k)
  7. A.T. Kearney: $65k ($70k in Toronto) base with $5k signing bonus ($75k)
  8. Deloitte: $72.5k base ($60k in Canada) with $10k ($3k in Canada) signing bonus ($63k)

A few interesting notes:

1. Oliver Wyman has the highest base and signing combined

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