The entire financial industry is going through a period of rapid change, which creates important opportunities for consultants to add value. Technology and deregulation are permitting old functions to be performed in completely new ways. Most of the large consulting firms have important departments servicing banks and securities firms, and some consulting firms are specialized entirely in the strategic and operational issues of the financial industry. Effectiveness in consulting requires not only a high level of general education and exposure, but also a detailed understanding of finance and economics. It also includes advisory work bearing on financial issues.
Corporate finance involves problem solving.
People who excel in this area are those who can see the big picture, then dig to considerable depth into particular problems. Treasury Many students overlook the critical work done within corporate treasury. Here projects are analyzed and financing alternatives considered. In choosing between the corporate world and Wall Street, students should know that the primary difference is one of lifestyle. Relatively few corporations recruit at business schools as aggressively as banks do, so those interested in corporate work may have to seek out their own opportunities.