| Topic Name: |
difference among consulting,accounting,I-banking,banking.. |
| Message Name: |
answer |
| Date Posted: |
07/31/2003 |
| In Reply To: |
sorry that the topic isn't
really about management consulting.. I didnt know which board to post it on. |
| Message: |
-a commercial bank (Wells Fargo, Bank of America...)
THE DEPOSITS (JUST LIKE YOUR SAVING DEPOSITS)OF THE COMPANY WILL LIE WITH THE COMMERCIAL BANK.
-an investment bank (Merrill Lynch, Goldman Sachs...)
THEY WILL HELP THE COMPANY RAISE MONEY MOSTLY THROUGH EQUITY I.E. UNDERWRITING SHARES/STOCKS OR THROUGH DEBT THAT IS SECURING LOANS FOR THE COMPANY
-a consluting firm (Accenture, Braxton...)
EVEN IN CONSULTING FIRMS THERE IS SOMEWHAT OF A DIVISION... THE IT CONSULTING FIRMS AND THE MORE GENERAL MANAGEMENT CONSULTING ONES. ACCENTURE IS OF THE FORMER WHILE MCKINSEY, BAIN& CO., ETC OF THE LATTER. IT CONSULTING FIRMS WILL HELP FORD OR WHATEVER STREAMLINE ITS BUSINESS PROCESSES WITH THE HELP OF INFORMATION SYSTEMS SUCH AS COMPUTERIZING/ AUTOMATING THE WAY FORD COMMUNICATES AND PLACES ORDERS WITH DEALERS. THE STRATEGIC CONSULTANTS ON THE OTHER HAND COULD HELP FORD WITH GENERAL MANAGERIAL ISSUES ETC. OR HOW TO INCREASE MARKET SHARE OF THEIR MAZDA LINE OF VEHICLES ETC.
-an accounting firm (PriceWaterhouse, Ernest&Young...)
THEY ARE SIMILY WHAT THEY ARE CALLED... ACCOUNTING FIRMS. THEY DO THE BOOKS FOR THE COMPANY, AND DO AN EXTERNAL AUDIT WHICH IS REQUIRED FOR COMPANIES LISTED ON THE STOCK MARKET... PUBLIC COMPANIES.
Usually, does a manufacturer work with all of these
types of firms, or just some?
MOST OF THEM... AN ACCOUNTING FIRM AND A COMMERCIAL BANK ARE SURELY A MUST. WHEN THEY WANT TO SOME CASH THEY WILL GO KNOCKING ON THE DOORS OF THE INVESTMENT BANK AND WHEN THEY WANT TO UTILIZE THE CASH BETTER THEY WILL SPEND HALF OF WHAT THEY GOT ON THE CONSULTANT.
Are there any overlaps in the services offered?
YES. THINK OF YOUR FRIENDLY BARBER. HE MIGHT GIVE YOU ADVICE ON YOUR PERSONAL ISSUES IF YOU REALLY WANT HIM TO.
Like, do the corporate finance agents of an investment bank
offer similar services as those of a commercial bank?
NOT DIRECTLY. BUT MANY ARE PARTS OF LARGER BANKS THAT HAVE THEIR COMMERCIAL BANKING DIVISION. FOR INSTANCE DEUTSCHE BANK HAS AN INVESTMENT BANKING DIVISION AND IS TRADITIONALLY A COMMERCIAL BANK.
Similarly, do consultants, accountants, and investment bankers
all offer corporate-strategy consulting? If so, do
manufacturers usually work with all of them, or
just one?
YES THEY ALL COULD. SIMPLY BECAUSE THEY GET TO SEE THE COMPANY VEY CLOSELY. THEY ANALYZE THE FINANCIALS OF THE COMPANY SO THEY MIGHT AS WELL GIVE SOME ADVICE.
ALSO SOME ACCOUNTING FIRMS HAVE CONSULTING ARMS WHICH THEY LATER SPUN OUT.
ANDERSON-> ACCENTURE
KPMG-> BEARING POINT
BLAH BLAH BLAH
BTW ARE U IN COLLEGE? MAJOR? YEAR? UNIV?
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