Category: Consulting News

Oliver Wyman Changes: New CEO and Expanded Media Practice Area

Changes are afoot at top boutique consultancy Oliver Wyman. The strategy firm just named a new CEO, Nick Studer. In addition, Oliver Wyman is expanding its Communications, Media, and Technology capabilities with a new Partner hire. All of that points to one thing: growth. And that means there are jobs at Oliver Wyman needing to…

MBB Firms De-Emphasize GMAT Scores

Do consulting firms look at GMAT scores? Historically, yes. But it appears that those days may be nearing an end. As a collective, the MBB is placing less importance on the GMAT, saying that the test results have never told the whole story about a person. Firms believe it’s too easy to overlook great candidates…

BCG Announces a CEO Change

In an unexpected move, BCG just announced a transition at CEO. Christoph Schweizer will take over the top job at BCG when current CEO Rich Lesser steps down in Fall 2021. Lesser plans to remain at BCG as global chair. Schweizer is a German native and long-time member of the firm. The 48-year-old will become…

Tesla Price Drop On Model 3 and Y: But Why?

Tesla recently announced price drops of their base Model 3 and Model Y cars. The price drops—which only apply to the base models—lowered the price of the Model 3 standard range plus sedan from $37,990 to $36,990. Meanwhile, Tesla slashed the price of its Model Y SUV from $41,990 to $39,990. Tesla’s price drop did…

A Consultant’s View of Starlink’s Business Model

In February 2021, Starlink announced that it had amassed over 10,000 users. Starlink is a division within SpaceX that provides Wi-Fi to its users across North America and Europe through satellites. Starlink’s business model hinges on the cost-effectiveness and quality of using thousands of satellites to make the internet easily accessible – both across dense…

PwC Raises Salaries and Offers Staff Greater Flexibility in Work Schedules

PwC is setting a precedent for the future of the post-pandemic workplace. The Big 4 firm recently announced its flexible post-pandemic strategy, which includes salary hikes, cash incentives to take time off, and paring down Friday calls to lighten the workload. Let’s dig into the changes coming to PwC. PwC Shakes up the Workplace PwC…

Bumble’s Post-IPO Strategy – A Consultant’s View

Bumble – the bright, colorful dating app – has been making headlines as long as it’s been around. Unlike other dating apps, it permitted only women to initiate communication. This made it unique and allowed it to carve out a niche within the plethora of dating apps available on the market. After the company’s recent…

Big Tech Ramps up MBA Hiring as Traditional MBA Hirers Pull Back

Disruption from the pandemic was a net benefit to many companies in Big Tech. People were forced to work, shop, and find entertainment online, creating a spike in demand for the services of Amazon, Zoom, Netflix, and the like. This spike brought unexpected expansion opportunities for these companies. As a result, more business school grads…

Meet Jane Fraser, New Citi CEO and Former McKinsey Consultant

Citi named Jane Fraser as the bank’s new CEO, making history as the first female to lead a top U.S. bank. Fraser, a former McKinsey consultant, is stepping into her new role on Wall Street where female CEOs are still a scarcity. What does this reveal about consulting as a breeding ground for top talent?…

BCG to Open New Office in San Diego

Boston Consulting Group (BCG) announced plans to open a new office in sunny San Diego. This marks the 4th BCG office in California – Los Angeles, Mountain View (Silicon Valley), San Francisco, and now, San Diego. The firm also has a Digital Ventures office in Manhattan Beach. Why did BCG decide to open up shop…