This is a guest post from Archie Ward, a business consultant and social media strategist. Archie splits his time each year between Asia and Australia. While he is hard at work helping other people make their businesses successful, he hopes to launch his own by year end. Consultants rely on image as much as they […]
Author: Tom Spencer
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Libin’s Law
(Source: Techworld) Phil Libin, founder and CEO of Evernote, was one of the guest speakers during Silicon Valley Comes to Oxford which was hosted at Oxford’s Said Business School a fortnight ago. As part of the conference there was a debate held at the Oxford Union, the world’s oldest debating society, the motion being “This […]
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What’s Going On At FIFA?
(Source: Flickr) Seven senior FIFA officials were arrested on Wednesday at a high end Swiss Hotel as part of a larger two decades long investigation by the FBI into corruption at FIFA. The alleged wrongdoings include racketeering, wire fraud and bribery to the tune of more than $150 million. The arrests occurred just prior to […]
(Source: Flickr) This is the tenth instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Tom: There has been […]
(Source: Flickr) This is the ninth instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Tom: One of my […]
(Source: Flickr) This is the eighth instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Tom: In my […]
(Source: Flickr) This is the seventh instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Tom: If you were […]
(Source: Flickr) This is the sixth instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Nigel Lake: Major incumbents […]
(Source: Flickr) This is the fifth instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Nigel Lake: If you […]
(Source: Flickr) This is the fourth instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Tom: Do you think […]
(Source: Flickr) Below we outline twelve (12) tips for nailing the guesstimate question: 1. Practice Practice doing some guesstimate questions before the interview so that you are prepared. It is a good idea to bring a pen and graph paper to the interview so that you can keep track of your calculations. 2. Know some […]
(Source: Flickr) This is the third instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Tom: The problem for […]
(Source: Flickr) This is the second instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Tom: Do you think […]
(Source: Flickr) This is the first instalment of my conversation with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is the author of The Long Term Starts Tomorrow, a must have book “for any manager, leader or Minister.” The Hon Mike Baird MP, Premier of NSW Tom: Nigel, I […]
I recently had the good fortune to speak with Nigel Lake, CEO of Pottinger, a global corporate advisory firm based in Sydney, Australia. Nigel is a truly original thinker who combines a good sense of humour with sharp strategic insights and clarity of thought. I had originally intended to ask Nigel some questions about Pottinger […]
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Have you ever failed at anything?
(Source: Flickr) Another question that may come up in the consulting interview is “have you ever failed at anything?” This question is designed to assess your ability to learn from experience, and overcome obstacles. In preparing a response to this kind of question, develop a story about a time that you were not able to […]
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Why Consulting?
(Source: Flickr) In the consulting interview, your interviewer is likely to ask you the following straightforward question, “why consulting?” Relevance of the question The question is relevant for two reasons: Your interviewer is likely to ask it in the interview; and You will be much more likely to succeed (in the interview and afterwards) if you […]
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Price and Value
Price and value, there is a difference. Price is what you pay for something; the number of dollars that you need to part with in order to obtain it. Value is what you receive; the positive feelings or practical utility that the object or the experience imparts. I recently had my birthday, and I was delighted to […]
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Time vs Money
(Source: Flickr) If you had all the time in the world but not much money, then your capacity to create new ideas and connect with people would be great, but your capacity to consume would be limited. On the other hand, if you didn’t have much time but had a lot of money, then your capacity to create new […]
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Consulting Interview Question Types
(Source: Flickr) There are six types of questions that you may encounter in the consulting interview: Behavioural interview questions; Guesstimate questions (aka market sizing); Math questions; Brainteasers; Factor questions; and Business case questions (these form the cornerstone of the consulting interview). [For more information on consulting interviews, please download “The HUB’s Guide to Consulting Interviews“.]
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Case Interview Prep
(Source: Flickr) Case questions form the cornerstone of the consulting interview, and reading this blog or reviewing the case prep resources listed below will not be sufficient preparation. If you want to perform successfully, then you will need to do a lot of practice. Many experts recommend at least 30 mock case interviews with friends, […]
(Source: Flickr) It will help your consulting application if you have prior business experience, however if you come from a non-business background all hope is not lost. You can strengthen your consulting application by showing how your experience demonstrates team work, leadership, and an ability to achieve positive outcomes. Use ‘action-outcome’ language in your résumé. That […]
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Play The Game
(Source: Flickr) I recently had a conversation with a friend who is studying a PhD here in Oxford. She is originally from China, and her intelligence is only exceeded by her work ethic and desire to make her PhD supervisor happy. She confessed to me with a look a mild despair on her face, “I am making slow progress. […]
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Design is about Function
(Source: Techradar) Design is about function. Every product has a job to do, as Professor Clay Christensen enjoys telling his marketing students at Harvard Business School. If a product is designed properly, then the job will get done well. Apple’s new debut wearable technology, the Apple Watch, has a sleek yet distinctively square shaped design. This seems […]
A revolution in energy technology? Elon Musk launches the Tesla Powerwall Elon Musk, CEO and product architect at Tesla Motors, has just announced the launch of the Tesla Powerwall. Musk was a co-founder of Paypal with Peter Thiel (who I talked about yesterday), and has since gone on to found Tesla Motors, SpaceX and SolarCity. The new product is […]
https://www.youtube.com/watch?t=3010&v=41NeR8ZkCUk I had the good fortune yesterday to attend a conversation between Teppo Felin, Professor of Strategy at Oxford’s Said Business School, and Peter Thiel, co-founder of PayPal and recent author of the bestselling book Zero to One: Notes on Startups or How to Build the Future. Apart from being a co-founder of PayPal, Thiel is also known for being the […]
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How to compensate for poor grades
(Source: Flickr) Are you keen on management consulting but have poor grades? If you have poor university grades, you may face an uphill battle getting an interview at a top consulting firm. But don’t despair just yet. There are two steps you can take to combat this hurdle. You can highlight your most impressive work experience in […]
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The death penalty is cruel
(Source: Virgin.com) It was very sad to hear about the eight people executed by firing squad by the Indonesian government, including two Australians. The death penalty is cruel. People who traffic drugs may be desperate, reckless, foolish, greedy or a combination of all of these things, but they are still people. And killing people is barbaric. The […]
(Source: Flickr) Anchoring is a common psychological effect whereby people tend to rely too heavily on readily available information (the “anchor”) when making decisions involving uncertainty. To illustrate the point, let me ask you two questions: Is the population of Argentina greater or less than 80 million? How many people do you think live in Argentina? Write […]
I recently had the chance to correspond with Georgia Hewett who handles Corporate Communications for Accenture in Australia/New Zealand. Georgia was extremely helpful and was kind enough to answer some questions I had about Accenture and its recruitment process. If you are a student, recent graduate or aspiring consultant looking to land a consulting job […]
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Filling the Void
(Source: Flickr) It is a figure of speech that “empty vessels make the most noise”. And for verbal conversation this would appear to be a good observation. People who are not thoughtful are likely to say whatever comes to mind since they don’t think to filter good thoughts from bad, obnoxious thoughts from nice ones. In self defense, these people will often be […]
(Source: Flickr) Yesterday we read an article in The Australian Newspaper entitled “The career advice I wish I had at 25“. It was an insightful article in which The Australian’s Queensland Editor Shane Rodgers provided thirteen pieces of advice that he wishes he had had back when he was 25 years old. We were going to […]
I recently had the chance to talk with Stephanie Green, Manager of Talent Acquisition for Europe, the Middle East and Africa at IMS Consulting Group. If you have an interest in life sciences, either through your studies or previous work experience, then IMS Consulting Group could be the perfect place to enhance and grow your […]
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CV and Cover Letter Basics
(Source: Flickr) Top consulting firms receive thousands of applications per year, and so your cover letter and CV form a crucial first step in your application that will determine whether you secure a first round interview. You need to tailor your cover letter and CV for each application and highlight your most impressive and relevant […]
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Surveying the Business Landscape
Before taking decisive action, it may be a good idea to assess the lay of the land According to Sun Tzu, the quality of decision “is like the well-timed swoop of a falcon which enables it to strike and destroy its victim.” And much like a circling falcon overhead, a company needs to take a […]
(Source: Flickr) Traditional strategic thinking, the kind championed by HBS Prof Mikey Porter, says that real economic value is only created when a company can sell a product or service to customers at a price that exceeds the cost of producing it. In other words, companies are entities that sell products or services, and strategic thinking is […]
(Source: Flickr) Applying for consulting roles in Australia, or thinking about it? We have updated our list of Australian consulting firms, which includes a list of firms along with information such as firm background, services, sectors, office locations, and links to the most relevant careers websites. It might come in handy. To download the document, click here (it’s free).
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Building Consulting Relationships
(Source: Flickr) This post considers how to build consulting relationships. Some people appear to believe that the goal of attending networking events is to collect as many business cards as possible. This was always the wrong approach, however in a world with LinkedIn, it is also absurd since a person’s business card will contain much less information than […]
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Love People and Use Things
Don’t do the opposite (Source: Flickr)
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Gaining Consulting Contacts
(Source: Flickr) AS an aspiring consultant, the purpose of networking is to gain industry contacts, learn about your target firms, and obtain names that you can use in your application cover letter (e.g. “I am applying to Bain following my discussion with your Associate John Citizen at the recent New York University careers fair.”). There are various ways to […]
May amuse. [Hat tip to Roger Look.]
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Lee Kuan Yew – Statesman or Autocrat?
WE were saddened to learn of the passing of Lee Kuan Yew last Monday. Harry is recognised as the founding father of modern Singapore and, from the time he was sworn in as Prime Minister in 1959, played a central role in building the fledgling city state into an Asian Tiger economy. Having spent a week […]
WE have updated our free guidebooks which outline key details of the most prominent management consulting firms in America and the UK. If you are an aspiring consultant with an interest in the USA or the UK, then this will probably be of interest to you. You can download the free guidebooks here and here.
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Researching Consulting Firms
(Source: Flickr) IN this post we look at researching consulting firms. Why, how and what should you research? Below we provide some ideas to help make your research as effective and efficient as possible. 1. Why should you research? Take control of your career. Researching consulting firms doesn’t just help you prepare your application and […]
WE were grateful for the recent opportunity to talk with Amanda Melo, recruitment manager at Partners in Performance. Partners in Performance is a global management consulting firm and we were interested to learn more about the firm and its recruitment process. Please read the edited transcript of our discussion with Amanda below. This will be of particular […]
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On the boundary
(Source: Flickr) Failure can be painful but it tends to mark the boundary between what’s proven and what’s possible, between your comfort zone and your potential. Failure is feedback, an opportunity to learn and grow stronger. Keep pushing.
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Consulting Interview Expectations
(Source: Flickr) IN this post we consider some consulting interview basics: what to expect, what to wear, and what to bring. 1. What to Expect Consultants are the public face of a consulting firm, and firms need to be able to trust consultants to interact with senior clients including CEOs and executive board members. As a result, […]
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10 Tips For Nailing the Case Interview
(Source: Flickr) ARE you preparing for consulting interviews? In this post we provide 10 tips for nailing the case interview, written in stone. 1. Practice, practice, practice When it comes to the case interview, preparation is crucial for three reasons: The interview process is extremely competitive. You are unlikely to succeed without a lot of practice; […]
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Gatekeepers vs Enablers
OVER the past weeks we have been reaching out to various university career services teams to let them know about the free consulting resources that we have produced for students. If you missed this development, you can access all the resources here. The interesting thing about this process of reaching out to different universities is the vastly different responses that we have received. […]