Career Tips for Aspiring Management Consultants and Accountants
I can’t remember a time when I’ve seen so many colleagues leaving the firm. Some people are jumping because of a unique opportunity not available within the firm. Others quit go to a competitor (ouch!). I remember when I made a change to a competitor and there were a whole lot of questions about the why. Part of me just needed a change but I also knew that the firm’s timing wasn’t going to work for me, so I acted accordingly. [Read more…]
One of the many things you learn in the management consulting business is there is no one path to success, so it’s interesting to hear what people remember as the most useful information or advice they’ve picked up so far. What better way to highlight this than to ask consultants from different firms what’s the best advice they’ve gotten. [Read more…]
Last week, I had lunch with a friend who just left the firm to join his brother’s fast growing start-up. I’m sad to see him go but also respect the courage he has to go all in on the family business. The move comes with some risk and sacrifice, one of the bigger ones being he will spend a significant amount of time away from his wife.
A lot of people would say this could end badly for their relationship and/or their financial future. Those people would be mistaken and clearly missing a key piece of info that my friend and his wife fundamentally understand. [Read more…]
In case you don’t like sports or somehow manage to interact with zero people who like sports (or maybe you live in a place where American football isn’t so popular), something pretty interesting happened this past Sunday. The worldwide leader had a “not top 10” moment of its own that I bet they won’t be replaying for the entertainment of its millions of viewers. [Read more…]
Most people will tell you that college is the time in your life when you learn the most, but I have to disagree with those people. While I agree that college is an amazing time for learning (and a heck of a lot of fun, too), both in the educational sense and the social, interpersonal sense, the real learning comes after you walk across that stage.
While you may know how to calculate EPS or how to use Lagrange multipliers in macroeconomics, there’s so much more you need to know to be successful in your career. Being only one year into my management consulting career, I’m well aware that I have many miles to go before I can claim any real knowledge on how to attain career success. That being said, I’ve learned a thing or two in the past 12 months that I’d like to share for those of you who may be on the first few steps of your career paths as well. [Read more…]
You know what the worst thing is that can happen to a consultant trying to get promoted?
You telling them exactly what they need to do to lock in that bump to the next level.
Here’s why. [Read more…]
You’d be surprised how simple the calculations are that sophisticated investors rely on. Payback period is one such example. [Read more…]
In case you missed, the set up for this video, you can read some additional information about payback period here. I literally just had to pull something together using this, so this isn’t just random Excel functionality.
If you’re interested in downloading the Excel workbook you can get that by clicking here.
Let me know what you think of the video in the comments.
This weekend, I read the follow-up to one of the most bizarre stories in recent memory. The story involved a young Ivy League student, by the name of Nayla Kidd, who went completely off the grid for about three weeks.
Nayla’s story caught my eye originally because we went to the same small boarding school, and after she was reported missing, there were a number of people sharing posts looking for any details on her whereabouts. Fearing the worst, I also shared her story in hopes that her family would have some closure one way or another.
Nayla recently resurfaced and this is where things start getting a little weird. [Read more…]