The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. Business conducted by each firm varies but the scope of financial services generally includes the following: Asset Management: managing assets and investments for retail and institutional clients such as stocks and bonds, […]
Management consulting is widely known as a highly intense industry. Much is expected of consultants in terms of hours of work, quality of output, and responsiveness to client requests. The sheer intensity of the industry is a big reason why many consultants end up burning out within 2 years, opting to exit into more relaxed […]
The hypothesis-based problem solving (HBPS) approach is a method employed by consultants to develop actionable recommendations for clients using a structured, evidence-based process. As we saw in the previous article, the HBPS process has five key steps: Define the problem Define drivers and generate/refine hypotheses Determine information needs Gather and analyze the data Draw conclusions […]