Monthly Archives: March 2012
March 30, 2012, 10:12 am
Consulting for philanthropic groups bears little resemblance to what it was a decade or two ago, when the field was dominated by large firms and most consultants focused on basic fundraising. These days, the work is broader, more specialized, and more strategic. And in many ways, it offers greater flexibility—and broader appeal—than ever before. Here’s how:
- Greater specialization: Information technology, social marketing, globalization, donor-directed philanthropic advisers, and blurring of the lines between profit and nonprofit (e.g., cause-related marketing) are a few examples of consulting specialties that have emerged in the past 25 years or so.
- More breadth: Though consulting specialists abound, there is an equally strong demand for experienced consultants who can advise clients strategically–meaning the problem a client walks in the door with is seldom the real…
March 12, 2012, 4:28 pm
The allure of corporate consulting may be on the decline, thanks to changes in the business environment as well as scandals like the indictment of Rajat K. Gupta, a former managing partner for McKinsey & Company, on insider trading.
But consulting for nonprofits is taking a different turn: The number of graduates from top-level business schools entering the nonprofit sector has actually increased. Some students, disillusioned with questionable ethics in the for-profit world and job instability in formerly secure havens like Wall Street, are beginning to work with nonprofits. Many business schools now offer students opportunities to be involved in nonprofit consulting. Last year a new national organization was formed, Students Consulting for Nonprofit Organizations, whose members include respected business schools like Northwestern and Penn State.
Seasoned management consultants…