Here’s my roundup of news in the consulting industry. If you’ve read my articles or heard me speak about getting hired by a consultancy, you’ll find plenty of ideas here to help your students track down a consulting role.
Exploring McKinsey – lists: top firms in The Netherlands and the UK – environmental consulting – senior hires at Oliver Wyman, BCG and KPMG – mental maths and consulting – news from the Americas – AI – Brexit boom – football focus
Graduating soon and thinking of relocating? Here are the best European countries to work in, according to consultants Mercer. (Hint: speaking German helps…) https://www.mercer.com/newsroom/2019-quality-of-living-survey.html Or further afield: consultants AT Kearney compiled this list of desirable, liveable cities https://www.atkearney.com/global-cities/2019
Consultancies again feature in the “Great Places to Work” UK list https://www.greatplacetowork.co.uk/assets/Uploads/Great-Workplaces-2022.pdf This one rates EY, Deloitte, Protiviti and Baringa Partners. And another survey, from website The Job Crowd, mentions a number of UK consultancies favoured by graduates: Teneo, Marakon, Capgemini, Newton Europe and Grant Thornton.
If you’re not sure whether McKinsey is the firm for you, then take a look at McKinsey Expedition. It’s a three-day event for industry experienced professionals and postgraduates to understand what strategy, implementation, digital, design, restructuring and M&A consulting is all about. https://www.mckinsey.com/careers/expedition/overview
New senior hires at consulting firms most likely mean growth – and opportunities for new consultants too. Here are some of the announcements I’ve seen recently: Oliver Wyman’s brand and innovation consultancy Lippincott (which has worked for the likes of Coca-Cola and Starbuck) has appointed a new senior partner in London to beef up the firm’s Europe and Middle East businesses https://www.thedrum.com/news/2019/04/15/lippincott-appoints-greg-handrick-director-emea whilst BCG Digital Ventures practice for corporate innovation and incubation has added an ex-McKinsey-ite as a London partner https://www.unitednetworker.com/manuela-rabener-wird-partnerin-bei-bcg-digital-ventures/ .
BCG Gamma, Boston Consulting Group’s data science and analytics unit, has bought Spanish data science consultancy Kernel’s Madrid and Barcelona operations. https://www.bcg.com/d/press/20may2019-bcg-acquires-kernel-analytics-220547
Technology, Media and Telecomms: KPMG has a new Partner for TMT corporate strategy and M&A engagements in Deal Advisory https://home.kpmg/uk/en/home/media/press-releases/2018/03/alfonso-marone-joins-kpmgs-tmt-practice-as-partner.html , and UK mid-sized consultancy firm Moorhouse has hired an ex-Accenture senior manager https://www.moorhouseconsulting.com/insights/news/ into its rapidly expanding TMT practice. Moorhouse has also recently released a thought-piece on digital ecosystems https://www.moorhouseconsulting.com/insights/perspectives/digital-ecosystem-the-acceleration-from-automation-to-personalisation/
Practicing hard sums is good preparation for consultancy interviews. Website Management Consulted.com offers some help: https://managementconsulted.com/math-drills/?utm_source=Management+Consulted&utm_campaign=e30b98c9e5-EMAIL_CAMPAIGN_2019_06_17_06_46&utm_medium=email&utm_term=0_14280b0b9d-e30b98c9e5-25569553
The Americas: Hospitality consulting is a strong market in Latin America. Mexico City-based HVS has announced expansion plans for its hospitality advisory services. https://www.hotelnewsresource.com/article105364.html Slalom, business and technology consultants, have opened a second office in Canada https://www.slalom.com/locations/vancouver South of the 49th Parallel, Source Global Research’s report on the US Consultancy Market shows growth exceeding 8%, and in particular the huge US financial services market generating nearly 10% more in fees for consulting firms. https://reports.sourceglobalresearch.com/report/5001/the-us-consulting-market-in-2019 And PA Consulting has a new lead for its Americas Artificial Intelligence (AI) and Automation team https://finance.yahoo.com/news/data-science-artificial-intelligence-expert-120000446.html
News from The Netherlands: the country’s top strategy practices are listed and analysed in a great piece of research from website Consultancy.eu https://www.consultancy.eu/news/2675/the-top-strategy-consulting-firms-of-the-netherlands And KPMG’s Dutch firm has recruited advertising agency Ogilvie’s head into its Customer & Brand Advisory team. https://www.adformatie.nl/carriere/edgar-molenaars-partner-bij-kpmg-strategy-operations
Paris-headquartered Kea https://www.kea-partners.com/carrieres (it has other offices in Morocco and Brazil) has promoted three employees to director, including a former EMLyon Masters student.
Accountancy firm BDO’s consultancy arm has appointed partners across five offices in the UK to increase its expertise in manufacturing, real estate, construction and natural resources. https://www.bdo.co.uk/en-gb/news/2019/bdo-promotes-14-new-partners-across-the-firm
Deloitte UK’s Manchester based sports consultancy has released its latest annual review of the football industry https://www2.deloitte.com/uk/en/pages/sports-business-group/articles/annual-review-of-football-finance.html
Thoughts on AI and consultancy: from my website www.donleslie.uk/ai-and-consultancy/
Brexit update: unlike the rest of the UK, the country’s consultancy firms just can’t get enough of Brexit. No wonder, as government spending on Brexit advice approaches £100m sterling, https://www.bbc.co.uk/news/business-48547813? and businesses continue to hire consultants for contingency planning https://www.sourceglobalresearch.com/why-a-halloween-brexit-neednt-scare-consultants-to-death/
And if you’ve ever wondered how the consulting industry came about, try this https://wiki.consultingquest.com/the-8-defining-stages-in-the-history-of-consulting/ from website Consulting Quest.
Environmental consulting: UK environmental consultants SLR have bought the Canadian firm Novus https://slrconsulting.com/news/2019/slr-acquires-novus-environmental bringing its worldwide office count to over 70. And my former colleague Tariq Siraj at BLT has written a piece on environmental and social consulting: https://www.blt.co.uk/about/blt-blog/
Success story: a student from a business school took my advice on approaching consultancies directly, rather than waiting for job advertisements to appear. He’s landed a senior consultant’s role with a leading business consultancy in the sustainability space. I always bang on about this way of creating a job out of nothing – and with no competition either. Firms are, generally, always on the look out for talent…