Hi Rohan. And what if you also want to implement your recommendations instead of just pitching them and then taking off after nothing happens? how to extract more value from a facility, plant, mine or division). Thanks for the metaphore, I never thought of it that way. Legendary basketball coach John Wooden was famous for telling his players in during their first practice, “Gentleman, this is … So you spend more of your time at our headquarters looking for and pitching opportunities. If you really want to get into finance I suggest taking more and more assignments related to finance rather than IT and changing your image internally, then make the transfer through heavy networking. Strategic Consulting Knowledge Management. The top firms in operations consulting are still Mckinsey, Bain and BCG. Yes, I don’t think its worth it, unless you go to a target. Consulting We’re in the business of transformation, known for our focus on and commitment to achieving results. Very helpful! Yes, there are strategic and operational projects. A: “Adding value” is not necessarily bringing in expertise, which is almost impossible when you have one or two years of job experience. He is now a CFO and Partner Wild is the Game. There is management consulting, and there is management consulting. 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 … I work in internal audit in an audit firm.It is also called operational audit.We look in depth at the effectiveness and efficiency of operations,accounting,compliance and some other depts too.Could that be a part of operational consulting? This article explains the differences between strategy, operations and implementation consulting, and which firms are good at which type of consulting. Nicolas was a Financial Analyst at General Electric where he explored the world of Corporate Finance. There’s a trade-off if you want to work in operational strategy consulting: you have a very good salary, higher than at companies like Accenture, for instance, but slightly below what you would earn at “pure” strategy firms like McKinsey. Enter your email address below to receive our newsletter. Hi Ollie and thanks for your comment. The end of a strategy engagement must be a report. and operational consulting (operational portfolio, operations management, operations, etc.). A: Sure. Professionalism is key. The rest have poor records. In operational strategy consulting we would actually help them make the change, implement it for different customers and geographies, and assess what impact the change has made and what to do differently. Your information will not be shared. I am mechanical engineer , Do I need to do MBA and if then how will it help. And there’s more diversity in the technical skills than in investment banking because each project is different – sometimes you’re learning about a customer management system, sometimes it’s information technology, and other times you’re learning about finance or risk management. After 3-4 years of operations and finance experience I want to get an MBA at a top tier school (Ross, Kellogg, Fuqua, Darden). Hi, I work in pre-sales of an IT firm and wish to move towards operational consulting in a few years.Can u please suggest on how should I go about this? You “sell” more and more projects and also attempt to win more clients. Thanks a lot to Axel De La Forest for sharing his experience with our readers. I feel like often, people who are involved in things can't see the big picture. These latter firms are not consistently good across all sectors and markets. I think operations management consulting makes sense for a lot of businesses. To learn more about, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking, management consulting firms do not produce tangible results, hours are not as brutal as what you get in investment banking, https://www.mergersandinquisitions.com/mba-investment-banking/, https://www.mergersandinquisitions.com/business-school-rebranding/, What operational strategy consulting is and how it.
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