Deloitte S&O New York Principal Interview

Monty is a principal with Deloitte’s Strategy & Operations practice in the tri-state area, primarily working out of the New York office. He holds an MBA from a top-5 school, an engineering degree and has worked around the world for Deloitte. Could you introduce Deloitte Strategy & Operations, Deloitte Consulting and Deloitte to our readers? Deloitte is a global professional services firm based in the UK; it is no longer a Swiss Verein. It comprises of tax, audit, consulting and financial advisory services as the core businesses. Each of these divisions is wholly owned by Deloitte, although the employees belong to separate legal entities – partnerships as you call them on the blog. Deloitte Consulting is one of the largest divisions hiring tens of the thousands of consultants. Consulting focuses on human capital work, technology and strategy & operations (S&O). There are other areas but these are the largest of them all. So S&O is the part of Deloitte Consulting which only focuses on strategy and operations work. Leadership and organizational design consulting, for example, would be done out of Human Capital and technology consulting work would be done out of technology consulting. S&O is large and growing rapidly. It…

Management Consulting

Cause and Effect: When Not to Choose Consulting

Cause and Effect: When Not to Choose Consulting Cause and effect are discussed to help readers understand when working for P&G, GE, Nestle etc., may be a better career path versus working for McKinsey, Bain, BCG, Deloitte, etc. Misunderstanding Cause and Effect Do you remember the days when it was cool to roll out software and stick a beta sign on it? There was a time between 2004 and 2008 when it was a badge of honor to roll out broken software and expect the beta sign to make up for the poor performance. Companies loved saying they were in beta-mode. Some start-ups actually rolled out software in this format just to have the beta sign up, even when they could have easily waited for a more refined version. Why did this happen? There is a one-word answer: Google. Google may not have pioneered the beta idea but they certainly made it acceptable. After Google started doing it, betas became famous for three reasons. First, Google was becoming cool and everyone wanted to be cool so they wanted to be like Google. If Google was releasing beta software, then they said, “What the heck, I should do it too.” Second,…

Management Consulting

Why go into management consulting: 11 reasons

Why go into management consulting: 11 reasons Management consulting, along with financial services, is among the top choices for most MBAs, other graduates, and even experienced professionals. This is despite the fact that the image of management consulting is not always positive. As some people say “management consultants take your watch and tell you what time it is”. You may be thinking about making the switch to management consulting, but may not be sure if you are clear on why go into management consulting vs. pursuing other attractive career paths. You may also be trying to figure out how to answer a possible consulting case interview question, "Why Consulting?" I am here to share with you my 11 reasons why go into management consulting. Hope you will find it helpful. FREE GIFT #1 BONUS TUTORIAL DOWNLOAD 20 Brain Teasers With Answers And Explanations Why I ended up joining a consulting firm I came across management consulting by chance. My close friend was a management consultant and he used to tell me how interesting his work was. He routinely regaled me with stories about the client issues, analyses and impact they were having. He also shared with me interesting books and articles,…

Management Consulting

6 guidelines to help you manage travel expenses on consulting projects

6 guidelines to help you manage travel expenses on consulting projects In this article, and related podcast, we discuss a very important and rarely addressed topic - how to manage travel expenses during a consulting project. This is an important question to ponder over since mismanagement of travel expenses can, and usually will, be detrimental to your reputation within the firm and your consulting career. Your project leader and other colleagues will contribute in meaningful ways to making decisions on which travel expenses are relevant and appropriate. But in the end it is you who bears full responsibility for the choices related to travel expenses. Your choices must rest on a foundation of clarity and sensibility. No one should even think about questioning your expenses. Hence, gaining a clear-eyed perspective on how to manage travel expenses on consulting projects will help you prepare to succeed. The post was inspired by a question from a Firmsconsulting reader, a Deloitte consultant in the United States. This Deloitte consultant wanted to know how to determine if travel expenses (e.g. bills related to a hotel stay, restaurants, taxi, etc.) during a consulting project are reasonable and appropriate. And he has given examples from his recent consulting project. Example 1: A management consultant chooses a flight…

Consulting Application Process

Case interview examples – McKinsey, BCG, Bain (MBB), Deloitte, etc.

Case interview examples - McKinsey, BCG, Bain (MBB), Deloitte etc. Consulting firms like McKinsey, BCG, Bain (MBB), Deloitte etc. use the case interview process to assess candidates. It is very difficult to be invited to a consulting case interview, especially with McKinsey, BCG, Bain and Deloitte. And it is even more difficult to do well at case interviews without preparing for them properly. And there are a lot of free case interview examples out there, but it's difficult to know where to start. So in this article we have listed some of the best free consulting case interview examples available, in one place. We will cover interactive case interview samples provided by consulting firms, video case interview examples, case books, and materials developed by the team here at FIRMSconsulting. Before we dive into business case examples, we would like to share with you 2 free resources we prepared for you as a gift, based on FIRMSconsulting book on brain teasers and another FIRMSconsulting book on solving business cases and overall consulting case interview preparation. These downloads include 20 brain teasers including explanations on how to approach solving each of those brain teasers. It also includes a comprehensive estimation cases guide.…

Consulting Application Process

Consulting vs banking: 4 key differences

Consulting vs Banking: 4 Key Differences Many FC members, especially those currently completing an MBA, are considering consulting vs banking. I had a privilege to work in both fields so I can compare the pros and cons of both based on my own experience. Below are some key differences I noticed in being exposed to both environments. Four key differences when comparing consulting vs banking Asset vs resource: The number one difference for me when comparing consulting vs banking is what I call asset vs resource. In consulting a lot is invested in your development and you are treated as a valuable asset to the company. People are the most important asset for consulting firms and while there is the up or out policy pressure, you do have to compete with only top performers on a daily basis, you do feel very clearly that YOU are important and your development as a professional is important for the firm. In banking, you are a resource. Your development is, to a large degree, not important. If you deliver results they will promote you. If you don't they will push you out, or to the side. I have seen VPs being demoted, senior…

Consulting Application Process

How to design a consulting career around immigration needs

How to design a consulting career around immigration needs Immigration has always been a big topic for our clients. It determines what clients will study, when they can apply for consulting firms and where they will apply. Today, I will offer some perspective based on some of the issues our clients raise. I will focus on the US since that is the most popular destination. Hopefully, this email can spark your creativity based on the ways we have helped clients. Immigration at a consulting partner level For foreign executives who are trying to join McKinsey USA as a principal/partner we advise them against it. At the partner level one needs to have a network of clients in the US and understand US culture. That is hard to do for a McKinsey Australia partner transferring to McKinsey NYC, and almost impossible for an executive from Sony Japan, for example. This is because the partnership is a lot more about sales than it is about the problem-solving process. It is better to take the steps to build a client network before trying to join McKinsey in the USA as a direct-hire partner. In this situation, clients often have an option to consider…