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IBM Posts Soft Revenue Growth as Consulting Woes Continue - Bloomberg

International Business Machines Corp. reported underwhelming sales as the company grapples with a slowdown in consulting demand. Third-quarter sales increased 1% to $15 billion, slightly missing the average estimate from analysts. Results were weighed down by a flat consulting business, which contributed $5.15 billion in revenue.

What Trump's Win Means for the Consulting Industry - Business Insider

Donald Trump's return to the Oval Office could increase demand for consulting services. Doug Mills-Pool/Getty Images · This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. ... Trump's win could provide a much-needed ... Donald Trump's return to the Oval Office could increase demand for consulting services. Doug Mills-Pool/Getty Images · This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. ... Trump's win could provide a much-needed boost to the consulting industry.Mische said the primary factors that drive consulting are typically macroeconomic health, government spending, CEO sentiment, free cash flows, and client need. He said there has been client need over the past couple of years, but some CEOs have been hesitant to act on it due to a tough macroeconomic environment, noting that the industry is highly vulnerable and elastic depending on what's going on in the world.But Mische said Trump's election will likely boost CEO sentiment, noting that the stock market reacted positively to Trump's win. Trump's proposal to cut the corporate tax rate could leave more money for companies to put toward discretionary spending like consultants.Tariffs might also favor the consulting industry, as responding to them could require "quite of bit of intellectual horsepower" and specialized skillsets that companies may turn to consultants for. Two days after the election, Mische said he was already seeing clients warm up to hiring more consulting services.

The Container Store (TCS) Retains FTI Consulting for Operational Help - Bloomberg

Storage and organizational-goods retailer The Container Store Group Inc. is working with Houlihan Lokey Inc for balance sheet help, according to people with knowledge of the situation, who asked not to be identified discussing a private matter. The Container Store has also tapped FTI Consulting Inc.

Will Solid Consulting Revenues Boost IBM's Q3 Earnings?

It provides consulting and application management services that offer value and innovation to clients by leveraging industry, technology and business strategy, and process know-how. During the to-be-reported quarter, IBM augmented the generative artificial intelligence (AI) capabilities of its managed Threat Detection and Response Services with ... It provides consulting and application management services that offer value and innovation to clients by leveraging industry, technology and business strategy, and process know-how. During the to-be-reported quarter, IBM augmented the generative artificial intelligence (AI) capabilities of its managed Threat Detection and Response Services with the launch of the IBM Consulting Cybersecurity Assistant.Designed to accelerate and improve the identification, investigation and response to critical security threats, the Cybersecurity Assistant will form an integral part of IBM's watsonx data and AI platform along with IBM Consulting Advantage. This, in turn, is expected to empower IBM consultants to respond more proactively and precisely to critical cyber threats with consistency, repeatability, quality and agility.In the third quarter, IBM inked an agreement to acquire Accelalpha, a global expert at implementing, integrating and managing Oracle Cloud Applications. With this buyout, IBM aims to strengthen its Oracle consulting expertise across key areas, including supply chain and logistics, finance, enterprise performance management (EPM) and customer transformation.Post-acquisition, IBM will integrate Accelalpha’s large global team of skilled consultants within its infrastructure, enabling the company to help its clients deploy and manage cutting-edge Oracle solutions, including generative AI and cloud technology. This advancement is anticipated to improve IBM’s productivity and deliver increased competitive advantages to its clients through Oracle’s Cloud applications and technology.

Where you should look for a job if you can't break into consulting, according to a Harvard career advisor

Jobs at consulting firms have long been prized by new grads and MBAs. A Harvard career advisor says there are other ways to jump-start your career beyond consulting. Access your favorite topics in a personalized feed while you're on the go. download the app ... Although landing a job at a top consulting firm can be the ultimate dream for many business students, not everyone who applies will make the cut — and some young professionals may be less interested in the industry than the MBAs that came before them.Part of that he attributes to the way Gen Z grads in particular are increasingly seeking meaning in their careers. Instead of getting sucked into the allure of consulting by default, he encourages students to look for other ways to get some of the benefits that come with starting a career in consulting.That's where dedicated early-career programs come in. Young consultants previously told BI that one of the biggest perks to their jobs was that they were able to learn a lot — and very quickly.Ng said those are the exact kinds of perks that new grads can get at companies with early-career programs. Some of the best programs to look for are those that offer one- or two-year rotational programs that allow the new hire to rotate between different aspects of the business, such as sales, marketing, HR, or operations. "Consulting is an opportunity to see a wide variety of people, of types of business problems, of different contexts," Ng said.

Steve Jobs once said what he really thinks about consultants — to a group of consultants

He advised them to pursue jobs with which they'd have more ownership over their decisions. The late Apple founder, Steve Jobs, once had some choice advice for consultants: "You should do something." Consulting misses critical elements of a meaningful job — autonomy, the space for failure, and growth opportunities, he said. "Without owning something over an extended period of time, like a few years, where one has a chance to take responsibility for one's recommendations, where one has to see one's recommendations through all action stages, and accumulate scar tissue for the mistakes, and pick oneself up off the ground, and dust oneself off, one learns a fraction of what one can.Steve Jobs was not the biggest fan of consulting.Jobs once criticized consulting in a 1992 talk at MIT, where some consultants were present.As a result, consultants only gain a two-dimensional experience, he said, comparing it to a wall covered with pictures of fruit. "You never get three-dimensional," he said.

‘Ghost Jobs’ and Shrinking Consultant Salaries Spell Trouble for Other Workers

While ghost jobs have declined in finance and technology, those in consulting — a bellwether for the white-collar economy — rose to 31% in the second quarter, up from 26% two years ago and well above the prevalence across the broader job market. Consultants seeking work are increasingly likely to be chasing ghosts. Job listings for consulting roles with no hiring activity, also known as “ghost jobs,” hit a two-year high, according to data from hiring platform Greenhouse.Job listings for consulting roles with no hiring activity, also known as “ghost jobs,” hit a two-year high, according to data from hiring platform Greenhouse.

Accenture Stock Drops as Consultancy Firm Delays Staff Promotions

Accenture shares lost ground following reports that the professional services firm will postpone staff promotions. The move comes amid a challenging environment for the consultancy industry as clients take a cautious approach to spending. Citi analysts said near-term headwinds could weigh on Accenture's growth trajectory, but they maintain a positive view on the stock. Accenture (ACN) shares fell Tuesday following reports that the business strategy and consulting giant plans to delay promotions by six months as it navigates the challenging environment facing the consultancy industry.Accenture's decision to push back promotion season for its workers comes amid a challenging environment for the professional services business, with corporate clients tightening their spending in response to macroeconomic uncertainty. Accenture is not the only consulting company making staffing-related adjustments as it navigates the industry slowdown.Accenture shares lost ground following reports that the professional services firm will postpone staff promotions as it navigates industry challenges.According to Bloomberg, Accenture informed employees in an internal message that the majority of promotions will now occur in June—a departure from the professional services firm's typical practice of awarding promotions in December. A company representative said Accenture will shift its main window for promotions to June when the firm says it has more visibility into client strategies and demand levels.

A product manager shares the résumé that helped him transition from consulting and land a $180,000 role at Cisco | Business Insider Africa

He tailored his rsum to highlight skills that applied to tech more than they did to consulting. ... careers I'm a 2-time college dropout and I followed this unusual career advice to land my dream job working in a national park Big Tech, which creates products that reach millions of global users, seemed like the answer. ... Even though most skills from consulting seemed transferable, making the jump took Kulkarni about eight months.He spent three months preparing for tech interviews, which included taking higher product usage into account and unlearning aspects of consulting such as moving quickly. Next, he spent about two months cold-emailing and networking with people who'd made a similar move from consulting to tech.Varun Kulkarni was five years into his consulting role at Deloitte when he realized he wanted a change. | Business Insider AfricaTailoring to the industry: Kulkarni left out achievements or responsibilities that related to corporate strategy or marketing because they were relevant only to management consulting.

NHS consultants earning £200,000 in overtime to tackle backlog

Senior doctors are charging the NHS premium rates for overtime, as pressure to cut waiting lists is allowing some to make more than £200,000 a year from additional work, a BBC News investigation has found. That is nearly double the average basic pay for a full-time consultant in England. But the BBC News investigation raises concerns about whether this approach can deliver value for money. One senior NHS source said: “Consultants hold all the cards – they know we cannot make progress on the backlog without them."The source said consultants were in a "pretty unique position compared to other staff" because their contracts meant they could opt out of weekend work and then charge whatever their hospital was willing to pay for overtime.In 2023-24, Bradford Teaching Hospitals NHS Foundation Trust paid four consultants from its medicine speciality more than £100,000 in overtime payments. One earned just above £208,000 in overtime for 128 days work.Medway NHS Foundation Trust confirmed it had paid three radiologists, who diagnose and treat patients using scans and tests, more than £150,000 in overtime – one of whom had earned above £200,000. It said shortages in this field meant it had to pay premium rates, sometimes on a scan-by-scan basis. NHS Frimley Health Foundation Trust paid two consultants in its endoscopy department, which provides internal examinations, more than £180,000 each in overtime, to tackle the backlog in treatment.