Management Consultancy Newsletter June 2024

Here's a selection of news articles about strategy and management consultancy. If you are planning to move into consultancy in 2024/5, I’d encourage you to be proactive. Research a selection of firms and choose 10-15 to follow – bookmark their press releases and careers pages and look out for indications that recruitment might be imminent. These include the opening of a new office, the appointment of new partners and directors, the launch of a new service, the acquisition of one firm by another, and investment from private equity.

Sports consulting? -? consulting salaries? -? CIL jobs? -? consulting growth? -? case study help? -? Kearney leaders? -? new Paris office? -? consulting clubs? -? A&M expansion -? Alix automotive consulting? -? Accenture Australia acquisition? -? McKinsey Academy? –? sector lists? ??

Consulting jobs (and others) in the international/economic development sector can be accessed at https://tinyurl.com/3dr7rv8c. The Development Aid website also publishes a weekly list of new vacancies – worth signing up for if this area of consultancy is of interest.

Industry News

·??????? Salaries at the Big Four in the US are discussed in a video from MyConsultingOffer.org https://tinyurl.com/bdynx59m

·??????? Management consultancies increased revenues by 9% last year, mainly due to demand for sustainability services, IT advice and artificial intelligence, reports SPI Research. Website Consultancy.uk analyses its findings https://tinyurl.com/yecufear? Global profits increased, albeit only slightly, despite uncertain economic conditions. In Europe, average revenue growth was 10%, the US 7% - encouraging, considering last year was a ‘lean’ one for global consulting.

·??????? International Consultants Day is on 6th June this year. https://tinyurl.com/2sj6eh6y The event celebrates the consultancy profession and is no doubt marked by street parties and other commemorative events in your neighbourhood… Joy unbounded!

Strategy consultants CIL are hiring in Germany, the UK and the US? https://tinyurl.com/eszf6adf? for roles in M&A, value creation and advanced analytics.

Lists

·??????? Website The Consulting Report announces the top 25 Women Leaders in consulting. They are “accomplished senior consultants and leaders who not only excel but also serve as role models within their firms.” https://tinyurl.com/55h2u4mw?? They include alumnae from Bristol, Deusto, EADA, IE, INSEAD, Sheffield and Surrey.? The Consulting Report www.theconsultingreport.com has also drawn up a list of its top 25 consultants in consumer goods and retail https://tinyurl.com/yvzek93d , its top 25 consultants in digital transformation https://tinyurl.com/y6jnzzn8? , and the same for automotive consulting https://tinyurl.com/afeeaj9y .

Deloitte Digital and the International Olympic Committee have launched a campaign to mark the 100 day countdown to the Paris Games https://tinyurl.com/3zccu7j3? Deloitte has a 10-year strategic partnership deal with the IOC. See https://tinyurl.com/yfc3ekpk for more about Deloitte’s involvement with the Olympic Games, stretching back to 2003 with help for the London Games bid ?and forward to the 2032 event in Brisbane. Deloitte’s careers site can be searched here https://tinyurl.com/mrxxju4v

Interview Preparation, Tips and Tricks

·??????? There are six popular types of case study, says website Management Consulted.com https://tinyurl.com/yc7k73ut , and it shows how to solve them – from market sizing to M&A.

·??????? I recommend signing up for the monthly or quarterly newsletters written by consultancy firms. These are (generally) a good read and provide insights into the work of the firm – useful if it is a consultancy on your target list. Here’s an example from Arthur D Little’s https://tinyurl.com/2ubjxsrf sign-up page.

·??????? The McKinsey Academy, launched in 2014, has helped more than one million participants, reports the firm https://tinyurl.com/35y5y6k5. They have come from all industries and sectors to take advantage of free skills building initiatives.

·??????? Thinking of organising a Case Competition for your business school or consulting club? Website ManagementConsulted.com explains how to set one up in a detailed article https://tinyurl.com/4najpp2d? It is also offering more help on a free call (see https://tinyurl.com/bdcsebea) on 12th June for representatives from universities of clubs who plan to run such an event.

·??????? Newsletter readers who reported last month on consultancy recruitment successes, shared salary information and gave insights into recruitment processes included a Cambridge MBA to McKinsey Delhi, Cambridge MPhil to Roland Berger Hong Kong, IMD MBA to Miebach Madrid, NTU undergrad to Alton Aviation Consultancy Singapore ?and a UCD MBA to E-Y Parthenon Dublin

PricewaterhouseCoopers US is planning to cut its new partner appointments by 50% https://tinyurl.com/yjksw6x2? says the Wall Street Journal. 85 new partners are expected to be admitted this year, down from some 200 in 2022 and 187 in 2023, as demand for advisory services continues to slow and the firm reorganises its business lines.

Meet The New Boss

·??????? Global consulting firm Slalom https://tinyurl.com/3tvy8fpk has appointed Mike Shimota as leader of its Asia Pacific business. He joined Slalom to grow its Australian practice (offices in Melbourne and Sydney) and has taken the firm into New Zealand (Auckland).

·??????? Kroll has a new COO. The risk and financial advisory consultancy has appointed Jennifer Huntington to lead the firm’s 6,500 consultants. https://tinyurl.com/32c86w9m

·??????? The Sports Consultancy has a new Managing Director, https://tinyurl.com/3jkcx7sn Matt Wilson (Leeds University alumnus). The firm is offering an Analyst role in London https://tinyurl.com/yr29s7tf? TSC consults to a wide range of sporting organisations including Arsenal, Liverpool, Manchester Utd., The FA, Goodwood, the International Olympic Committee and World Athletics.

·??????? PwC Australia is on the mend with new senior appointments after its disastrous government tax leak scandal https://tinyurl.com/2p5p48xm?? which led to 37 partners and 330 staff leaving the firm. There are a couple of consulting roles advertised on its careers website https://tinyurl.com/59hute4r??

·??????? Kearney has made some senior appointments. Bob Willen has been elected managing partner and chairman https://tinyurl.com/yck4fdmj .? Shigeru Sekinada (ex-INSEAD) is the new Asia Pacific region chair https://tinyurl.com/2s4j7mf4 , and Richard Forrest (Cranfield and Nottingham) has been promoted to European chair. Five partners in Asia have also been given leadership roles, as the firm’s growth there continues. A new office was opened recently in Manila. There are over 100 jobs, from Norway to New York, in strategy and operations consulting on the careers pages? https://kearney.recsolu.com/job_boards/1?

·??????? KPMG in the UK has appointed Joe Cassidy as its new Head of Technology, Media and Telecoms (TMT) practice? https://tinyurl.com/bddwcy54??? vvvv

·??????? Alvarez & Marsal expands its EMEA Debt Advisory practice with the appointment of Virginie Gasnier (UPC Madrid alumna) as a Managing Director in Paris. https://tinyurl.com/mr3xf6ez? The A&M Debt Advisory team has enjoyed good growth in recent years and now has 11 EMEA? directors in Dubai (5 jobs advertised), Frankfurt (30), London (36), Manchester (5) and Paris.(28). The roles can be found at https://tinyurl.com/3fyzan4p

·??????? KPMG Luxembourg has elected David Capocci? to lead the firm for another four years https://tinyurl.com/5x3csbnm . There are 29 roles in consulting posted on the KPMG Luxembourg careers page https://tinyurl.com/2peencw9?

Here’s a website which allows you to search for consultancy jobs. It’s new to me: www.consultantroles.com The landing page has a number of filters which allow you to choose the type of consultancy work (eg strategy, finance operations), job type (internship, new entry etc) location and more.

Who’s Eating Who?

·??????? Accenture’s mission to acquire every small consultancy on the planet continues…. It has gobbled up Parsionate, a German data consultancy which specialises in data strategy development and technology implementation in retail, consumer goods, life sciences and industrials. https://tinyurl.com/mpvdpydc? The move strengthens Accenture’s AI capabilities in Europe. And in Brazil, https://tinyurl.com/538d9njj SOKO, a creative agency which is ranked one of Brazil’s top three advertising agencies has joined the behemoth. It becomes part of Droga5, itself a sub brand of Accenture Song. Song is also the destination for Unlimited, a UK customer engagement consultancy https://tinyurl.com/33fkcvyf? Leading Australian consultancy Partners in Performance is to be acquired by Accenture. https://tinyurl.com/mksm3pkx?? The firm’s 400 consultants handle business performance improvement work in asset intensive industries by leveraging data and AI capabilities. You can read about other recent Accenture acquisitions here: https://www.donleslie.uk/management-consultancy-newsletter-april-2024/? https://www.donleslie.uk/management-consultancy-newsletter-february-2024/??? https://www.donleslie.uk/management-consultancy-newsletter-january-2024/?

·??????? Alix Partners https://tinyurl.com/3s3wps6z has beefed up its automotive practice with the acquisition of automotive specialist Berylls. 160 professionals will join Alix, the majority in Germany, with others joining the firm in Austria, China, South Korea, Switzerland, the UK and the US.

·??????? Newton Europe, a 400 strong consultancy known for its work in the public sector and retail, has bought Magnetic https://tinyurl.com/yeyr9p9e , an innovation and design consultancy. Newton has maintained a 25% annual growth rate for the past 20 years and has international ambitions. Its careers page highlights roles for graduates, head office positions and experienced consultants https://tinyurl.com/mc5zuxee

My final Careers in Consultancy seminar was delivered? last month to Loughborough University’s MBA class, and my very last webinar will be for Nottingham’s postgrads in June. Thereafter consultant and business school speaker James Brown will be taking over. James is already busy on LinkedIn posting information about opportunities in consulting https://www.dhirubhai.net/in/james-brown-savitas/. He is an MBA and a former Director at Accenture Strategy and Consulting,? a practicing management consultant and certified coach. He currently supports several of the UK's top-ranked business schools with seminars, workshops, courses, and coaching to help students develop consulting skills, practice consulting case studies, understand the market for consultants, and transition their careers into consulting. You can find out more on his website, www.savitas.co.uk/services-3.

?New Office

·??????? Turkish professional advisory firm Ortac International has opened an office in Dubai. https://tinyurl.com/ydaz7u8m? The firm also operates in Cyprus and the UK.

·??????? Humatica, a consultancy for organisational effectiveness in private equity, has opened an office in Paris https://tinyurl.com/2c6f7s46? Humatica is headquartered in London, and already operates out of Munich, Singapore and Zurich. There is an open invitation on its careers page https://tinyurl.com/53rpkd5k if you are interested in working with entrepreneurial buyouts.

Thank you to all the universities, business schools, consulting clubs, students and LinkedIn members who have engaged me over the last 25 years. I’ve enjoyed working with you. I hope my advice on how to get in, get on and get out of consulting has been helpful to those who sat through my sessions, or took telephone and Zoom coaching. Good luck with your careers. Maybe our paths will cross again further down the road…?

The next newsletter will be published by James Brown at the beginning of July.

Back copies are on LinkedIn https://www.dhirubhai.net/in/donfleslie/recent-activity/posts/ , my website https://www.donleslie.uk/newsletter/ and available from James at https://www.savitas.co.uk/newsletters

?

Don Leslie? Careers and Consultancy? London

?+44 (0)7812 056 652? [email protected]? www.donleslie.uk

turning talent into success