#BE

Tag: #BE

Career Highlight: Consulting

Interested in pursuing a career in consulting? What is it exactly and why is it so important? Read more to find out!

Job Duties

Consultants are professionals who provide expert advice to other businesses. There are several forms of consulting, including strategy, operations, management, and financial consulting. Consultants can also be found in a variety of industries, including consumer goods, education, hospitality, government, and healthcare, among others. Each industry can be further subdivided. For example, the healthcare business is separated into Life Sciences, Health Systems, Digital Technology, HR, IT, Private Equity, and more.

A consultant’s job is to be an expert in their subject and provide counsel to businesses. A strategy consultant assists businesses in developing a strategy for how to proceed. After developing a plan, consultants must assist the organization in implementing that strategy and determining how to do so. Other types of consultants are function specialists, who specialize in a certain function, such as finance.

Where they work

Prior to the pandemic, consultants’ jobs required them to travel across the country to meet with clients. COVID-19, however, changed this industry by requiring everyone to work from home. Consultants typically work in groups of 4 to 6 persons on a given project. There is usually a manager who oversees the day-to-day operations, a few analysts who report to them, and a consulting partner who provides recommendations based on their knowledge in a specific industry or function.

Education and training

Although each organization is different, candidates for business consultants often need a bachelor’s degree in business management, marketing, economics, engineering, or a related field. When employed, employees often go through a training period that can take anywhere from 5/6 months to 1 or 2 years. While some students go straight into consulting, it is more common for students to start as business analysts and then become consultants after a few years of experience. Other abilities necessary for a consultant include:

  • a love of problem-solving
  • flexibility
  • understanding the client’s demands
  • demonstrating obvious value

Pay and benefits

Pursuing a career in consulting can be profitable in terms of both money and networking prospects. Being a consultant entails being able to communicate with a company’s CEO and board members, as well as spending a significant amount of time with them in order to assist their company’s success. A consultant’s compensation normally varies between $80,000 and $100,000 on average.

If you would like to have more information, please don’t hesitate to email me oliver.decroock@lawrence.edu or schedule an appointment on Handshake.

Oliver De Croock ’24, Student-Athlete at Lawrence University majoring in Economics and Career Peer Educator. Connect with me on LinkedIn.

Forage.com Highlight – Gain real-life experience for free!

Forage.com is an online platform that provides students with free virtual work simulations from corporations including JPMorgan Chase, Citi, Accenture, Goldman Sachs, and others. Each application is meant to mimic a real-world working environment and the types of activities that may be encountered if you worked for one of these firms. Students can obtain more knowledge about whether they are truly willing to work in that field and have a better chance of getting employed by displaying a proactive approach and readiness to learn by finishing one of these programs.

These seminars might last anywhere from two to ten hours. As a result, they are brief yet intense courses. Even if they’re only a few minutes long, they’re still a terrific way to get some exercise and gain long-lasting experience.

You can sign up for Forage at this link.

Please don’t hesitate to reach out to me at oliver.decroock@lawrence.edu or grace.kutney@lawrence.edu if you have any questions, or to make an appointment.

Join the LU Business Networking Club

We’ve discussed how vital it is to meet new people, network, and form relationships with individuals in the business world in previous newsletters. However, having to reach out to someone you don’t know and ask them questions might be really awkward. What if they don’t want to be bothered? What if they think that we are just wasting their time?

To solve this issue, a group of students came together and decided to create the Lawrence University Business Networking Club. Every week, they attempt to bring a speaker who is eager to answer any questions from students. “The idea is to have a typical, casual chat with the guests, in which members can ask any questions they want, even if they aren’t immediately linked to the guest’s field of expertise” (Oliver De Croock, Vice-President of the LUBNC). When they are not able to connect with a guest in time for their weekly meeting, they use that time to learn from each other and share information to help each other succeed.

In the past two months, Oliver says “We were able to connect with a diverse spectrum of outstanding people from a variety of businesses. Some of them were so thrilled with the idea that they opted to drive hours to meet with us in person!”

A list of some of their previous guests:

  • Kazuma Noguchi, Restructuring Analyst
  • Harry Rivas, Consulting
  • Colling McCanna, Marketing
  • Bethany Larsen, Investment Banking
  • Martin Alwin, Analyst
  • Jon Anfinrud, Regional Executive – Commercial Banking

“Every single visitor that came was able to add incredible value and insight, providing us with legitimate ideas that we could instantly implement. They also offered to be a referral for anyone who was there if they were interested in an internship or a professional position with the firm for which they worked”. In the future, they intend to bring in even more guests, including people with more experience in other industries, entrepreneurs, as well as people with Human Resources and recruiting experience, to help the students understand more about what recruiters are looking for and to receive tips and advice on how to use platforms like LinkedIn or Handshake to jumpstart their careers and gain a competitive edge over other people.

How to JOIN and EXPECTATIONS

“As students, we all have busy schedules, and there is always something that we need to get done. If you opt to join our club, we will require you to invest one hour every week to actively participate in meetings, ask questions, and push yourself beyond your comfort zone. We already spend too much time in class, so the idea here is to establish a conversation in which anybody can enter at any moment, with any sort of question, even if it is not directly linked to the guest’s field of expertise”.

If you would like to join, please send an email to oliver.decroock@lawrence.edu explaining what industry you are interested in and why (this will help them reach out to guests that could be interesting for you).

Oliver De Croock ’24, Student-Athlete at Lawrence University majoring in Economics and Career Peer Educator. Connect with me on LinkedIn.

Finding referrals using LinkedIn

LinkedIn can be a very useful tool if used the right way! In this short, 1 minute video, I explain a simple trick that not a lot of people know about that you can use to find people that are in a company that you are interested in, or that have the job you would like to have in the future. The chances of you getting hired exponentially increase if you have someone as a referral. So, making this step could be the difference between you getting the job or not!

If you would like to learn more about using LinkedIn to its full potential to make more connections, please don’t hesitate to reach out to me (oliver.decroock@lawrence.edu) or Grace Kutney (grace.kutney@lawrence.edu).

Oliver De Croock ’24, Student-Athlete at Lawrence University majoring in Economics and Career Peer Educator. Connect with me on LinkedIn.

Job-search websites reviews

There are many job searching platforms that exist. Some are bigger, such as LinkedIn and Indeed, and some are smaller. Although using the bigger platforms is important to network, meet people and build relationships, knowing about smaller platforms that are focused on specific niches can be to your advantage when looking for a job. In this article, I tried to find some of these smaller platforms to see what advantages there are about using them, why you should sign up for them, and if they are worth the money they ask.

Ihire finance

If you are looking for a job in finance, IHire Finance is very directed towards finance jobs. On this platform, you will find job opportunities from Budget Analysts, Corporate Financial Consultant, Investment Banking Analyst to Equity trader, compliance manager, and even VP of Finance. Although this platform focuses mostly on higher-paying jobs for more experienced people, I was able to find some entry-level jobs as well as even internships related to finance. While this platform offers a lot of very good information about the jobs and gives very useful insights, it does come with a cost. The cost to become a premium user for IHire Finance is $35/month and it comes with resume guidance, your resume will be highlighted to employers, a dedicated support team ready to assist you, and salary insights. If you are looking for a job in Finance, I would recommend signing up for this platform as it could be a good investment to find the best fitting job for you.

Link to iHire Finance website

Pathrise

If you really want some extra help in finding the best possible career in industries such as software engineering, marketing, data science, or sales, Pathrise offers a service in which you will be able to work 1-1 with a personal mentor that will help you focus on what you need to do in order to land your dream job. Based on their website, their service is free until you’ve already landed a position at a top technology company. Pathrise has both customers that have many years of experience and want to try to get a better job and customers that are right out of college and want to try to find the best fitting job for them. Although I personally didn’t try this service, it might be interesting to work 1-1 with an expert to see what they think you need in order to get to the next level and find the perfect job.

Link to Pathrise website

MarketingHire

MarketingHire is considered one of the best Job Boards for Marketing and Advertising Professionals. If you are looking for a job in Marketing or Public Relations, this free website is a great tool that you could use. Based on their website, companies like Microsoft, 3M, General Electric, Google, and many more posts their job offers on this platform. Applying to these postings on a smaller platform could differentiate you from other people. This website is useful for both higher-paying jobs and internships.

There are many other job searching platforms that could be useful to find your dream job. Although I tried, finding the perfect one isn’t easy. The best thing to do is to try them out for yourselves, see if there are opportunities one some of these smaller platforms that you think could be good for you, and apply. Platforms like LinkedIn and Indeed are very important and you should always keep using them. However, having another way in through a smaller platform will show employers that you are looking for new ways, you are doing your homework and you are willing to be different than everyone else and go the extra mile to find the job you want.

Link to MarketingHire website

If you have any questions about these platforms, or you would like to talk to me about more platforms that you found that could be useful for other students, please don’t hesitate to email me or schedule an appointment with me.

Job Prospects for Humanities Majors

By Jonathan Hogan

If you’re a humanities major, you may have received some pessimistic or rude comments about your choice of major. As a German major, I am personally sick of people thinking that all I do is study the language of German, and I’ve heard people tell English majors that they’re “majoring in a language that they already speak fluently.” Regardless of your humanities major, whether it be History, Gender Studies, a language, or something else, I hope you haven’t internalized the discourse that demands that your prospects are dim. As this article will demonstrate, humanities majors have the widest array of careers to choose from, making your problem not a lack of opportunities, but rather the difficult decision of which path to take.

Before delving into some of the main career paths taken by humanities majors, it’s worth mentioning that one of the distinct specialties of those holding humanities majors is finding niche positions to work in that likely won’t be enumerated because of their specificity. Thus, if nothing listed is in your interests, don’t fret! This is merely a broad and by no means an exhaustive list. If you know with all your heart that you want to work as a religious advisor at the Bureau of Educational and Cultural Affairs, then go for it! 

Law

               One of the most common majors that apply and are accepted to Law school is English. This shouldn’t be a surprise, as both humanities majors and law degrees require a mastery of language, as well as the ability to analytically read and critically think about texts. If a law degree sounds interesting to you, click this link to read an article on the first step to applying for law school—the LSAT.

Publishing

               Similar to Law, the field of publishing plays into a strong connection with written language. In comparison to Law, publishing places more of an emphasis on a love of books, networking abilities, and editing skills. For an article on what it’s like to work as an editor, click this link, and for an article on how to break into the relatively tight-knit industry, click here.

NGOs

               Okay, NGO can mean a lot of things, ranging from the Heritage Foundation, a conservative political think tank, to Médecins Sans Frontières; however, the humanities can also mean a lot of things, making NGOs a potential place of work for essentially any major. The Center for Reproductive Rights, for example, would pair nicely with the Butlerian gender theorist out there, and Public Allies, an NGO dedicated to social justice through representative leadership, would pair nicely with a History major, or really any major that focuses on inequality in general.

Journalism

               Another popular path for humanities majors is journalism. Because of the broad range of subjects that are written on, the only real requirement for Journalism is strong writing skills; however, Journalists are most effective when they can pair their strong writing skills with deep background knowledge in another area. For this reason, humanities majors are especially well-positioned to go into the field, as they typically command a deep well of knowledge on a specific topic, as well as immaculate writing skills.

Academia

               For those of you who have read the above career industries and are struggling with the idea of giving up theorizing and researching for more general use of skills developed at Lawrence, academia might be for you. One of the major advantages of going into academia is that, if a doctoral program really wants you, they will ensure that you aren’t losing money when pursuing your degree through fellowships and undergrad teaching positions. That being said, academia in general, is going through a major upheaval in the U.S. and the humanities appear to be suffering more than STEM and Social Science Departments. When asking your favorite professor for advice about pursuing a doctoral program in a humanities field, a question that will likely come up is: “would you still choose to pursue your doctorate even if you knew that it wasn’t going to lead to a job in academia?” If the answer is no, then it’s probably advisable to find a different outlet for your passion. If the answer; however, is yes, then you’ve just determined your next step for after Lawrence.

               A short list of five broad industries in which humanities majors typically find themselves working likely has not solved all of your professional development problems; however, hopefully, it has pointed you towards an industry that you might want to learn more about. In the worst case, however, this article can serve as a good tool for fending off anyone who’s mocking your decision to major in the humanities—just say you’re planning on going to law school 😊. 

Jonathan is a Third Year German and Government major. He works as a Peer Educator to assist students in the CJW and GLI career communities. In addition to professional development, Jonathan is interested in the cultural construction of the modern nation-state, normative constraints on rational behavior, and all things German. You can schedule an appointment with him here to improve your resume, learn more about the CJW and GLI career opportunities, and work on anything else professional development-related.