Shaped by the university town of its birth, Monitor Group takes ideas from the classroom and think tanks, and then applies them in the real world. Eschewing traditional office-based models, Monitor’s consultants move fluidly between project locations, providing strategic advisory, capability-building and capital services.
- Collegial and diverse firm
- Very supportive and good work/life balance
- You often work on projects based in other countries
- The firm is good at taking an interest in your development
- Little in terms of formal training
- Salaries and bonuses are below the market level and there is little transparency
Founded in Cambridge, Massachusetts, by a group of ex-Harvardites, Monitor Group is an international professional services firm which shuns corporate convention. Shaped by the university town of its birth, Monitor Group takes ideas from the classroom and think tanks, and then applies them in the real world. Eschewing traditional office-based models, Monitor’s consultants move fluidly between project locations, operating where they’re needed rather than from where they’re ordinarily based. These placements help the firm serve its clients with a range of customised services, namely strategic advisory, capability-building and capital services.
Monitor Group was founded within the walls of Harvard Business School in 1983, where several of its founders taught and studied. Amongst this literati, is Michael Porter -renowned for creating the case interview framework, Porter’s Five Forces. Porter and his peers set out to create a global firm specialised in managerial and organisational development. And they appear to have succeeded, as not 30 years later Monitor has more than 1,500 employees operating across 30 offices the world over.
Within five years of its inauguration, Monitor had already opened offices in Europe and Asia, and by the early ‘90s, the firm began offering merchant banking facilities in addition to its mainstay management consulting services. After a short slump in fortunes at the turn of the millennium, the group has procured a salvo of acquisitions, opportunistically grabbing small firms in complementary businesses, such as health care innovation and pricing strategy.
The clue to Monitor Group’s architecture is in the name. The firm is structured as a group of companies, broken out into numerous operational units: Market2Customer (M2C) provides research and customer analysis; Monitor Action Group creates strategic plans; Monitor University teaches key findings to chief executives; and Monitor Clipper Partners is a private equity investment firm. Today, these units offer clients expertise in marketing/growth strategy, competitive and corporate strategy, organisational analysis, corporate finance, operational strategy, innovation and public-sector strategies, as well as capability-building, and executive and leadership development.
Known for doing things a bit differently, Monitor’s unconventional approach is exemplified by its use of a television production studio, known as TNBT (The Next Big Thing), which produces TV shows and videos tailored for individual clients.
As of January 2013, Deloitte acquired all of the business of Monitor. Monitor’s talent and assets will be combined with Deloitte’s consulting strategy division and operate under the new Monitor Deloitte brand.
Any hopeful wishing to become a member of the Monitor clan initially needs to brush up on their writing skills, as the first round of the firm’s two-step hiring process encompasses two written case studies. Based on real-world business scenarios, each one consists of between 10 and 15 pages of information, with written questions set on the intel provided. Candidates are given 30 minutes to prepare before discussing the case with the interviewer. Monitor is looking for analytical thinkers and team players, who can present well and prioritise at speed.
The second round comprises three components: a group case interview, a video interview and a feedback interview. For the first, each candidate in the group is given the same case, yet a different set of questions; you’ll be asked to present your answers to the group with the intention of collaborating towards a solution. In the video interview, you’ll be presented with a video depicting a typical consulting scenario, before then discussing the case with your interviewer. Finally, there’ll be a feedback interview, evaluating your performance and giving you the chance to ask questions about the company and the role.
Employer Type: Private Company
No. of Employees: 1,500
No. of offices: 27
Consultant: £38,000 - £60,000 (Approx.)
Aerospace & Defence
Energy & Utilities
IT & Telecom
Media & Advertising
Non profit & Social Sector
Pharmaceuticals, Life, Sciences and Healthcare
Tourism & Travel