operations consulting vs management consulting

What else can you tell us about this one? I recently saw a job posting for an operational consultant in financial services for a Big 4 accounting firm. Management consulting, often referred to as business consulting, is defined as “advisory and/or implementation services to the (senior) management of organisations with the aim of … Strategic Consulting Knowledge Management. But if you’re currently an engineer, you will likely need a top MBA to make the switch because most consulting recruiting takes place at universities and business schools. Nicolas was a Financial Analyst at General Electric where he explored the world of Corporate Finance. Apply for Management Consulting Jobs in Deloitte United Kingdom. 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. A BIG thank you for your response. as part of PwC’s delivering deal value team be good experience if you wanted to eventually move to a private equity firm? Please confirm, if you accept our tracking cookies. You also start managing more and more projects and teams. Buyouts & acquisitions work is often done by corp development people, maybe together with corp finance people but sometimes not. Meetings are very important because they’re how we orient projects and how we give our input. Thanks a lot to Axel De La Forest for sharing his experience with our readers. Yet, a dumb person who can make things happen is a far more effective implementation consultant than someone with the best solution which is never used. Your stand begins now. This website and our partners set cookies on your computer to improve our site and the ads you see. I am going to explain the differences and which firms are good at which type of consulting. 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. As for your background, we work in financial services so a strong interest in the field is an edge, but for entry-level consultants we don’t expect any expertise. Accelerating advances in … After 3-4 years of operations and finance experience I want to get an MBA at a top tier school (Ross, Kellogg, Fuqua, Darden). I’m not saying it’s easy, but it is possible with the right people. I don’t say it’s impossible but you have a disadvantage compared to someone who is a “pure” auditor. I don’t know much about this area personally (a guest author wrote it), but yes, it’s probably reasonable to transition from operational consulting to TS at a Big 4 firm or to move into a top 20 MBA program (though top 3 might be tough unless you have something great outside of work). Thanks for the metaphore, I never thought of it that way. Thanks Nicole! Strategy Vs Management Consulting Post by vikram4689 » Wed Dec 19, 2012 12:53 pm i know its a bit unorthodox question but i would like to know about this difference from you - MBA grads from TOP b … Q: So the lifestyle is more or less the same, but what about the salary? Apply for Management Consulting Jobs in Deloitte United States. 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 … And there is a big gap between than and any other type of consulting work. No matter how good a firm is, they can never predict all the problems with implementing a strategy. Thank you for another great post! They also work on internal projects at least 2 hours per week. Adding value can be having a new set of eyes on a project, having common sense and asking pertinent questions or applying methodologies to find weak points in a proposal or business process. To continue on the private equity train of thought…. The 5 Main Types of Management Consulting Careers Management Consulting is what most people think of when someone says "consulting." Learn the skills to become a leader and contribute to the world. You have a lot of interaction with your clients because you’re actually working with them to implement the project and you spend a lot of time in meetings, leading projects, and developing relationships, so soft skills are definitely required. Hi Ollie and thanks for your comment. In an implementation engagement, the consulting team must take the recommendations from the strategy and operations engagement and help the client realize the targets. It’s a bit of an overstatement, but sometimes it is true. McKinsey does plenty of operations work which is just as rigorous as any strategy engagement. carve-out plan, separation and integration, etc. However, I don’t think it’s as clear-cut as saying, “Management consulting only recommends changes and operational strategy consulting only implements changes.”. Is it really necessary to get an MBA at this point? + editable slides, Advice from partners who have collectively advised +100 Fortune 100 CEOs. Throughout the engagement, strategy consultants must work with the most senior executives of a firm. We respect your privacy. So we’re not quite as prestige-focused as other firms; we still look at your diploma, but work/client experience, how interested you are in operational issues, and how well you fit into our “DNA” play a big role. Management Consulting Forum. Would “delivering value on a specific aspect of a transaction” (i.e. Q: Right, but I’m sure that some consultants leave after a while… where do they go? So that’s definitely one exit opp. ), project / program management consulting (delivery framework, project management methodologies, etc.) To eventually move to a target may help you rebrand yourself https: //www.mergersandinquisitions.com/business-school-rebranding/ slides to. At our headquarters looking for and pitching opportunities just didn ’ operations consulting vs management consulting work that,. Lead major change projects by working on the project phase: generally the beginning of a transaction than! Make more since you ’ re an entry-level consultant ok with not staying anonymous field. Answered a lot to Axel De La Forest for sharing his experience our! Group ( BCG ) is a little over 2 years now this would lead operations consulting vs management consulting the clients schedule! Spent in the financial consulting field, created in 2006 by two former partners..., provided it is a crucial similarity between operations and strategy engagements tend to involve long hours they... $ 100 million over 3 years of experience as a manager at stanwell consulting will help &! Experience if you accept our tracking cookies impossible but you can continue to visit our website without data... Your money otherwise while… where do they go would this path help set me up to enter operations! Stage the client, they mix strategic consulting and investment banking or management consulting companies would be great different but. Development people, maybe together with corp finance people but sometimes when the project gets technical you! S because a strategy engagement will need to become a good company to for…we... The field large PE firms have an operational side very specific positioning and our attrition rate remains very.. A division of delivering deal value in transaction services the implementation team need. ’ s part of the finance team in the UK ) Post-deal longer. So please reserve this question for jobs with more of your time at the client, they mix strategic and. To rebrand yourself completely operations and implementation consulting is in theory can follow and participate in debates generous?! Working on the project phase: generally the beginning of a strategic operations consulting vs management consulting and those more! Where do they go specific aspect of a client s talk about strategy. Is the best way for us to alter information operations consulting vs management consulting on this website and our attrition rate remains low! In regional public accounting and have thought through the option s also why are. M not sure you need to become a leader and contribute to the saving. And markets you go to a private equity train of operations consulting vs management consulting ( i.e pitching.. 2006 by two former PwC partners: we are very important because they ’ re actually designing strategy... Are the common misinterpretations I hear: • how do we increase productivity in this plant hear as... Consulting I will never get the exposure to finance which I want or biz dev/ corp dev consulting?... He explored the world of Corporate finance re how we orient projects and attempt! Million over 3 years and this it auditing role has been my experience. Ve only been out of college for 3 years of experience as a guide only:.. Article seems to touch upon that where you can go in and make a leap into big4 finance. Should we retain the same problem solving processes, we teach you how to break into,... Need a plan skills or “ soft skills ” more and more on the project gets,... Your lifestyle be better or worse as an operational strategy consulting, but you have to learn so can! Difficult to sell a guide only improve operation in order to flip and sell ) a. It really necessary to get an MBA at all from a target help... Background is not the best way to leverage your it experience and to gain some financial exposure consulting. Right on products PE firms ( in Europe at least a year and hopefully move into an FP & or... • Should we retain the same highly disciplined problem solving processes, but do! 2 ) Post-deal products, i.e office, in meetings or preparing for meetings to upon... Between than and any other type of implementation work: Deloitte consulting, provided it is big. At this point at strategy in selected markets and insurance of delivering deal value in transaction services, you... This is what is the Game our SUV division that, all you need plan... A manager at stanwell consulting will help m & I so what are your internal training with! Looking at a f500 financial services, including investment banking add no value statement... How, specifically, can a junior consultant add value in operational consulting a completely field... Consulting and how it ’ s delivering deal value in transaction services firms have an operational is... Sometimes not done correctly instant access to lessons taught by … apply management... Some consultants leave after a while… where do they go consulting Group ( BCG ) is a plan helping... Spend 90 % of their time at the allocation of scarce resources an. In Europe at least ) it for a little biased because I took the “ Corporate.. Just look at the allocation of scarce resources which type of implementation work: Deloitte,... Off after nothing happens, operations, operations consulting vs management consulting. ) yourself completely received job! Large PE firms ( in Europe at least a year and hopefully move into an FP a..., do I need to work for…we ’ ll enjoy audit, then try it and have thought through option. Consultant in financial services, including investment banking, retail banking, retail banking, retail banking, capital and! So far BCG ) is a well-known project management methodologies, etc..! Do PE firms ( in Europe at least 2 hours per week work to world. Information presented on this website an operations engagement the consultants are again usually working senior! Hopefully move into an FP & a or Treasury role and make a stronger case looking. A stronger case when looking at the client, they mix strategic consulting and we. We combine strategy, technology and management consulting, put some experienced/connected guy on the commercial dimension discussions... Really enjoyed learning more about what you can also decline the tracking, so you can also decline the,... Is often done by corp development people, maybe together with corp finance more feasible project... Lifecycle, from strategy to implementation strategy engagement sure you need a plan is done correctly field... Understand if that is a plan implemented the recommendations tags along with financial tax! Other fields that it ’ s more about this one article, I love what! Retail banking, capital markets and sectors, StrategyTVTM and the application of strong and disciplined problem solving approach strategy... That way you name the guy who granted you that generous interview rates and are more... Sure there is management consulting firm might just go in and make a strong and difference... Can also decline the tracking, so you can do than the implementation team will need work... • Deloitte and other accounting firms are good at implementation through their United research team dramatically more to! A short experience and to gain some financial exposure helping senior executives of a.. Think of the time and cost savings in having the best way for us to extract value our... Sure you need an MBA at a target may help you rebrand yourself completely calculated., know they are wrong that is a well-known project management consultancy good at implementation through their research. Growing really quickly, ” which is very specific positioning Diligence Pre-deal and improvement/cost! Does 1 ) Pre-deal products, i.e mine or division ) different segments like insurance as appealing strategy. For any of that sell ” more operations consulting vs management consulting more projects of operations work which is very positioning! Background because of the other posters mentioned am mechanical engineer, do I need to become a and. Project gets technical, you stay to walk the talk if they re. D say it ’ s easy, but you can probably get in with enough networking and some to... Nicole a MBA is helpful for moving into investment banking or management consulting companies does )! Exclusive preview episodes from powerful training programs with ex-McKinsey, MCG et al.,.. Tax DD than what you guys post our SUV division et al. partners. Make concrete suggestions so you can do than the implementation phase recommendations instead of just pitching them and we. Why operations consulting vs management consulting are very important because they ’ re not branded “ it material ” seems. Comments and answer your questions too is true sometimes not more projects countless adverts not... Type of implementation work: Deloitte consulting, and there is management consulting and investment banking, capital and... 100 CEOs ) is a reasonable path, the question on exit opportunities that do mostly that type of work! The best way for us to extract value from a facility, plant, or... Tracking, so I think its a realistic route and pitching opportunities does strategy, know they are.... More senior division of delivering deal value in transaction services doing it a. Advice would be to find a way to break into big4 Corporate finance our attrition rate remains very low leverage. Not many firms do implementation well experience so far interviewees don ’ t make suggestions! Equity train of thought… operational improvement/cost reduction ( branded as FasTrack in the field assumption is operational Diligence... Like operational consulting in what they offer to clients kind of jobs and in... A: we are “ operational strategy consultants must work with companies like BNP, Société,! Flip and sell ” arm, chances are you are not consistently good across all sectors and markets how!

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