Management Consulting: A Complete Guide to the Industry

by ;
Edition: 1st
Format: Hardcover
Pub. Date: 1999-01-01
Publisher(s): John Wiley & Sons Inc
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Summary

The first complete resource for graduating students and professionals seeking a position in management consulting "Consulting is all about client results. If you want to help change the strategic destiny of organizations, pursue a high-impact career, and ensure continuous learning, then Management Consulting is a must-read to help you identify the firm that best suits you!" -Thomas J. Tierney Worldwide Managing Director Bain & Company "This is the most comprehensive overview of the consulting industry to date. It is chock-full of useful information for students and professionals considering consulting as a career." -Robert F. Bonner Associate Director, Career Development & Placement The Wharton School, Graduate Division "This book is an excellent starting point for anyone contemplating a career in management consulting. My professional advice to you: Read this book!" -Wayne Cooper Publisher, Consultants News President & CEO, Kennedy Information Management consulting is one of the most popular career choices for today2s graduating students and career-changing professionals. The industry is growing fast, with many more organizations in need of consulting services than ever before and an overwhelming number of candidates seeking consulting positions. Each year, tens of thousands compete for the offers that ultimately only a few thousand will receive. Facing such intense competition, applicants for these positions need all the help they can get to be competitive with their peers. Management Consulting is the first consolidated resource containing need-to-know information on every step of the management consulting job search. Seasoned consultants Sugata Biswas and Daryl Twitchell, who have worked with a wide range of industry leaders, candidates, and recruiters, have written a book that encompasses a full range of perspectives. They cover each step of the job search process in detail, providing valuable insider information on the profession, as well as tools and techniques to help you stand apart from the competition and land a job offer. The book opens with an objective, candid picture of the industry, its players, and its evolution. The authors look at the origins and development of consulting as they explain who management consultants are, what they do, and where the best opportunities can be found. Essays by leading consultants, strategic planners, and academics provide perspectives on emerging trends and the future of consulting. You2ll learn what it2s like to be a practicing management consultant, from the professional development opportunities to the day-to-day balancing of work and private life. The authors walk you through the steps of a typical consulting project, from the initial definition of the problem to the final presentation of recommendations. They outline what will be expected of you, the typical work hours involved, and the many benefits and drawbacks of this demanding career. A vital section of the book is the step-by-step method for successfully navigating the infamous case interview-often the "make or break" point as firms try to select the top candidates from the masses. All it takes is one abstract or technical question ("How much does a Boeing 747 jumbo jet weigh?") to knock you out of the running. The authors will teach you how to be properly prepared for these interviews as you work your way to an offer, and how to negotiate for the most attractive package. In addition, the authors provide three unique appendices that are critical to a successful consulting job search: Appendix I-fifteen of the most common case frameworks, useful to draw upon when answering case questions Appendix II-100 case questions and ten sample answers for interview practice Appendix III-a directory of fifty consulting firms, including primary practice areas and recrui

Table of Contents

Introduction 1(4)
Chapter 1 THE MANAGEMENT CONSULTING INDUSTRY
5(22)
The Role of a Management Consultant
6(1)
The Consulting Product
7(2)
The Range of Consulting Firms
9(2)
Segmenting the Industry
11(5)
The Evolution of Management Consulting
16(4)
Continued Growth of the Profession
20(1)
Emerging Trends in Management Consulting
21(6)
Chapter 2 THE CONSULTANT'S WORK AND LIFESTYLE
27(14)
The Management Consulting Firm
27(4)
The Consulting Work Style
31(3)
Steps in a Consulting Engagement
34(3)
The Consulting Lifestyle
37(4)
Chapter 3 PERSPECTIVES ON CONSULTING
41(74)
Business Strategy and Consulting: A Theorist's View of Practice and a Practical View of Theory
42(4)
Barry Nalebuff, Yale School of Management
The Work of Consulting
46(4)
Gary Neilson, Booz Allen & Hamilton
Can Consulting Be a Career?
50(5)
Bill Matassoni, McKinsey & Company
Customer-Driven Growth Strategy
55(5)
Charles P. Hoban, Mercer Management Consulting
The Generalist Approach to Consulting: The Strategic Value of Breaking Industry Barriers
60(5)
Paul Smith, Bain & Company
Building a Healthcare-Focused Consulting Firm
65(5)
L. John Wilkerson
Harri V. Taranto
Melissa Sabino, The Wilkerson Group, an IBM Company
Innovation in Consulting
70(4)
George Stalk Jr., The Boston Consulting Group
Selecting a Small versus a Large Firm
74(5)
Ellen McGeeney, Vertex Partners
The Internal Consulting Practice of Strategic Planning
79(7)
Catherine Arnold, Hoffmann-La Roche Inc., Business Development and Strategic Planning
Consulting to the Financial Services Industry
86(5)
Steven E. Runin, Mitchell Madison Group
Consulting in the World of Electronic Commerce
91(5)
Joseph B. Fuller, Monitor Company
Information Technology Consulting
96(4)
Rudy Puryear, Andersen Consulting
Change Management Consulting
100(4)
Arun Maira, Arthur D. Little
The Evolving Role of Health Benefits Consulting
104(4)
Bruce Kelley, Watson Wyatt Worldwide
Consulting to the Nonprofit Sector
108(7)
Laura Freebairn-Smith, Good Work Associates
Chapter 4 PLANNING YOUR CONSULTING CAREER
115(18)
Finding Your Niche in Consulting
116(2)
Researching the Industry
118(4)
Narrowing Your List of Firms
122(1)
Prioritizing Short-Term versus Long-Term Interests
122(1)
Getting Your Foot in the Door of a Firm
123(10)
Chapter 5 MASTERING THE CASE INTERVIEW
133(22)
The Parts of a Case Interview
134(18)
Part I Greetings
135(2)
Part II The Resume Review
137(3)
Part III The Case Question
140(11)
Part IV Questions and Wrap-Up
151(1)
Practice Makes Perfect
152(1)
Post-Interview Follow-Up
153(1)
Responding to Rejection
153(2)
Chapter 6 NEGOTIATING YOUR OFFER
155(14)
Negotiating the Terms of an Offer
156(13)
Keith G. Allred, Harvard University
Epilogue 169(2)
Appendix I FIFTEEN ESSENTIAL FRAMEWORKS 171(30)
Appendix II ONE HUNDRED CASE QUESTIONS AND TEN SAMPLE ANSWERS 201(60)
Appendix III DIRECTORY OF FIFTY CONSULTING FIRMS 261(6)
Notes 267(2)
Contributors 269(8)
Index 277

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