Consulting News – 1 September 2008
News | Knowledge Seeker | September 1, 2008 at 5:07 pmCos rush to make pre-placement offers at B-schools
Pre-placement offers (PPOs) could well be the flavour of the season at B-school campuses this year. With the markets slowing down and companies’ increasing eagerness to get on board freshers who have already proved their mettle, it’s pouring PPOs in premiere B-schools across the country.
Sample this: It’s only August and Indian Institute of Management-Calcutta (IIM-C) has already bagged around 40 pre-placement offers (19 international one) so far. Not only that, it expects to beat last year’s tally of 90 PPOs by over 20%.
At IIMKozhikode (IIM-K), companies have shown up with a total of 24 offers so far, which is a third of the total PPOs offered to the students last year while IIM-Lucknow (IIM-L) has got over 10 PPOs with many more to come. Same is the case with the Delhi University’s Faculty of Management Studies (FMS) and XLRI Jamshedpur.
Source: Economic Times
Backgrounder: E&Y merger
E&Y reveal a centralised bonus pool for the newly integrated firm
The news that Ernst & Young will operate with a single bonus pool has placed more meat on the bones of the restructuring announced back in June.
At the time the firm announced that 86 countries in the Ernst & Young network across Europe, the Middle, India and Africa would join in a new integrated unit managed a single board with the new UK chairman Mark Otty at its head.
The firm followed that with a matter of weeks by announced the appointment of 282 new partners across the new grouping.
Recent statements from Otty suggest that the firm will now no longer break out its UK figures for reporting. In the latest Accountancy Age Top 50 survey the firm was earning £1.2bn, placing it fourth and making it the smallest by some way among the Big Four firms.
Source: Accountancy Age
Vault: McKinsey & Co. #1 in consulting for eighth straight year
McKinsey & Company has been ranked the most prestigious consultancy to work for by visitors of Vault.com, the New York-based career information media company that is one of the 47 confirmed exhibitors at The Consultancy Careers Fair, which is to be held October 9th and 10th at The Barbican in London
Scouting for Leadership in Thought Leadership
The large audit firms were the first to compete with McKinsey and its peers for a lucrative slice of the consulting market back in the 60’s. They have since undergone enormous change due to consolidation and regulation, resulting in a smaller number of big firms and the sale of some consulting operations. In the last couple of years three of the Big Four firms have rebuilt their consulting practices and this group is once again a force to be reckoned with, as evidenced in their recent performance in thought leadership (reports, articles, white papers and books).
Source: http://www.consultant-news.com/
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