Examples of Internal Consulting Groups
What are some names and examples of internal consulting groups at American companies? I’ve heard of in-house consulting arms at companies like American Express, Citi, and P&G. I these groups have become commonplace in business. Looking for further insight on the role they can plan within a company and some examples of names for the groups.
Usually called "Corporate Strategy", sometimes might be rolled up into the "Corporate Development/Business Development" Group (which also handles internal M&A).
Disney Corp Strat is generally considered a top group and also has the M&A function in it. Pretty tough recruiting process, generally hires from Ivies and UCLA. That group is considered a top exit opp from MBB, to give you an idea of how competitive it is.
I'm currently working for an internal consulting team at Credit Suisse.
Internal Consulting at CS is pretty fragmented. There is no specific dedicated team for Group strategy. Each of the business divisions (e.g., IBD, Global Markets) have their own teams. Apart from business specific teams, there is another small team that looks after strategy of basically anything non-business related (IT, Ops, Risk, Legal etc) and reports to the Global COO - and this where I work.
Most of the people I work with are a mixture of MBB (10%), Deloitte (60%) and PwC/ EY (30%). Given the current climate for European Investment Banks, most of my projects are cost reduction and rationalization related. Hope this helped.