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Reply to "What is “consulting” in the business world"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Lots of good answers in this thread, except the post directly above, which while it has a kernel of truth behind it, is pushing it. I spent 5 years in consulting, and have now been client-side for 12, and often hire consultants. I started as your typical 22 y/o out of a H/P/Y, and really enjoyed my time. You generally work with and for smart people, do interesting work, and make valuable contacts. Downsides are the hours (although not nearly as bad as IB) and the travel. Examples of projects I worked on: - A competitive benchmark of small business banks. - A bundling analysis for several financial services clients. - An opportunity assessment for a new B2B product in financial services. - Cost cutting opportunities in a company’s customer service department. - Creating a new strategic direction (ie vision, mission, purpose) for a travel company. - An evaluation of an existing digital JV between two massive companies that wasn’t going well. - An evaluation of whether a company should divest of a profitable business line that wasn’t growing no matter what they did with it. [/quote] How do you know about all this at 22? Is this mostly a research job? [/quote] How do anyone do anything at age 22 or anything for that matter? Leverage prior examples, industry research reports, brainstorming with your team, seek guidance from SME within the company. [/quote] They don't. They'll use Google with wild abandon, rewrite senior colleague's experiences in their own words, or just wing it.[/quote]
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