What are differences in energy industry of top tier consulting firm?
Hi, as an engineering student with a strong background in the energy sector, I am really interested in differences of MBB consulting in this particular industry, especially in the field of renewables. What are major differences in terms of capabilities, industry reputation and track record? Especially in Europe.
I'd really appreciate to get some deeper understanding concerning this point. Thanks, Andreas
andreasmoren, have you checked out these or run a search:
If we're lucky, maybe I can guilt some users to help you out: Mrugesh-Kulkarni city_north Joe-Pizetoski
Fingers crossed that one of those helps you.
I'm at a MBB in southwestern europe (Spain). My diagnosis is as follows:
If you take out of the equation MBB, Monitor Deloitte is growing strong in the energy field.
Hope it helps
Where do you place utilities (power/electricity) - in energy, or infrastructure?
Bain is usually strong in telcos - who is strongest in your market? How about aviation?
Where do you see BCG in the other verticals?
How about functional areas (apart from Bain doing Customer Experience and DD)?
What would explain Monitor Deloitte's growth? Was under the impression their European story wasn't as well built as their US story.
Interesting that McK is so broadly strong and then out of commission in energy.
Bain does the bulk of all aviation and telco. McKinsey actually has a present oil & gas practice. I personally haven't seen Monitor Deloitte really but that's my experience. Maybe south Europe is different from the rest.
In Spain, Bain is really really small, I would say that they are not even close to McK and BCG and that they are even behind OW and Monitor.
In telcos Mck is the top player with Strategy& and AT Kearney at a second level.
In relation to verticals: - Mckinsey: Technology, Operations, CFin (created a PE line recently and is growing strong) and Risk - BCG: PMI, Strategy, Operations. Currently investing a ton in analytics
Monitor Deloitte is a top player in Spain being really strong in banking (some partners came from MBB) and one of the top rainmaker in the TMT industry overall, was poached from Mckinsey a year ago or so. Deloitte is investing heavily in Monitor and for the most part, is giving results
Northern Europe:
Oliver Wyman does some pretty good energy work in Germany specifically I believe. Haven't seen Deloitte personally.
Sounds like FS has the biggest wallet if all three are strong/very strong there, haha. Or are you differentiating between banks as a subset of FS and FS as a broader vertical?
Is there a very big difference in retail distributors (Lidl/Carrefour/Mercadona types) vs consumer goods (CPG/FMCG) or are they bunched together?
Are energy projects more travel-intensive (Nigeria, Gulf of Mexico, North Sea etc)?
FS is a broader subset encompassing Asset Manager, insurance, banks, global payment systems etc. but yes, banks have large budgets and are big spenders usually it seems to me.
Sorry, don't know enough about retail to answer that but I'd assume so.
O&G generally yes. Depends on what your home office is though and what types of projects they do. For an m&a case you might be local whereas an ops case probably if not definitely requires you to fly out. Although there is activity in for instance the North Sea as well, so it doesn't have to be all the way to Mexico I think
Actually I think OW has the best Energy practice in Europe. Out of MBB Mckinsey would be the safe bet.
Interesting as I always associated OW with FS first (market leader); strong/competitive in aviation, retail and telcos; and just not that strong in other industries.
That said, I definitely like the firm, so always pleased to hear of good things for them.
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