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Become A Management Consultant With Monitor Group

One of the newer consulting firms among the industry's heavy hitters, Monitor Management Consulting is one of the top-tier firms in the world. Founded by Harvard Business School professors, Monitor is based close to where it all began -- Cambridge, MA. Monitor relies on applicants' and consultants' merits and abilities in hiring and promoting. Consultants who deliver outstanding results for the firm and their clients receive higher compensation and get coveted promotions. Monitor is well-known for its individualized approached to salaries and compensation, based very much on individual performance. The interview process at Monitor is similar to other top firms, such as BCG, Bain, Booz, and McKinsey. Monitor likes to ascertain a potential management consulting professional's abilities through an action-based interview process. That means there is a lot more doing than talking. Right on the spot, interviewees will have to perform an in-depth business analysis to a real

Skills of a Top-Level Management Consultant

Business leaders and executives wonder as to what is the work of a top management consultant. How does a consultant's work affect the client companies and their strategies? And the textbook answer to this question is simple, and it is this: "All the leading global business management consultants do their work with great ease because they possess exceptional analytical skills." They are trained at leading business schools and build their experience by working hard on multiple (sometimes big-ticket) projects; in short, they possess such high-quality skills (because they work in competitive environments alongside of sharp minds) that make them eligible to offer their precious advices so that companies can grow. In this write-up, we are giving the low-down on the skills that must be present within every leading managerial consultant. The discipline and the motivation Successful managerial consultants can be highly motivated and can be interested in their work as they a

Can Finance Really Become a Strategic Partner to the Business?

Much has been written about how finance organizations can become strategic partners with the businesses they support. While purported experts point to a variety of frameworks, scorecards and key performance indicators, etc. as the keys to bridging the gap between finance and business, these trite 'solutions' have done little to make finance the strategic business partner it seeks to be. Worse yet, pursuing these ideas has put finance organizations on a treadmill where they expend energy and resources (e.g., money and time) ultimately to get nowhere while the issue persists. So if you are still looking for a silver bullet or quick fix to this seemingly incurable problem, stop reading now. Given the time, money and effort spent, you may be a bit demoralized and even speculating that the finance-business chasm cannot be crossed. Paradoxically, the link between finance and the business has been under finance's proverbial nose for some time - resource allocation. A serious co

Management Consulting Firms - A Friend In Need For Startup Companies

Experience is gained through hard work and perseverance. No one arrives in this world with prior knowledge and understanding. An apprentice, by tenacity and dedication becomes an expert. In case of businesses also, it is through a small step that a company gets introduced in the market. With initial sufferings, struggles and undaunted spirit it becomes a concern to look out for. In such cases, some are really lucky with funds while others are not. But, there are bright entrepreneurs ready with brilliant ideas, without having adequate resources. Such projects are known by the name of startup projects or companies. Some typical features like paucity of funds, but having good ideas and ability to garner good returns in future are common. In earlier times, these projects used to die natural death without having any security. However, with the entry of management consulting firms and angel investors and venture capitalists, new aspirations for such companies are on the rise. Organizati

Management Consulting Firms - A Friend In Need For Startup Companies

Experience is gained through hard work and perseverance. No one arrives in this world with prior knowledge and understanding. An apprentice, by tenacity and dedication becomes an expert. In case of businesses also, it is through a small step that a company gets introduced in the market. With initial sufferings, struggles and undaunted spirit it becomes a concern to look out for. In such cases, some are really lucky with funds while others are not. But, there are bright entrepreneurs ready with brilliant ideas, without having adequate resources. Such projects are known by the name of startup projects or companies. Some typical features like paucity of funds, but having good ideas and ability to garner good returns in future are common. In earlier times, these projects used to die natural death without having any security. However, with the entry of management consulting firms and angel investors and venture capitalists, new aspirations for such companies are on the rise. Organizati

Tips In Finding Good Project Management Consultants

Most companies already have their own project managers, but why do a lot of them still hire consultants whenever they take on big contracts? It's quite simple, actually - project managers are very involved in the process and their personal interests and "closeness" to the project may actually prevent them from being completely objective. For important undertakings, careful attention to the tiniest details is a must and project management consultants are the professionals who can make sure that the small elements are never overlooked to ensure the success of the project. Project managers and consultants actually have quite similar roles and responsibilities; perhaps, the main difference lies in their level and scope of involvement. So if you're looking for a good consultant to hire as help for the best accomplishment of your company's project, it would be good to base some of your criteria on the characteristics and values your project manager possesses. To help