Monitor Deloitte
 | |
| Company type | Partnership |
|---|---|
| Industry | Management consulting |
| Founded | 1983 |
| Headquarters | Cambridge, Massachusetts 30 offices around the world |
Key people | Mark Fuller, Chairman |
Number of employees | 1,500 employees worldwide |
| Website | www.monitor.com |
Monitor Group is a global professional services firm working with leading corporations, governments, and social-sector organizations to help them drive growth. Founded in 1983 by a group of Harvard Business School professors including renowned strategy guru Michael Porter and the current chairman Mark Fuller, Monitor believes there are multiple keys to unlocking growth, and they are specific to each organization. So Monitor created a range of services — advisory, capability building, and capital services — and the ability to integrate them in a customized way, to work with clients as their integrated resources for growth. To that end, Monitor has invested in building on its methods in areas they think are critical to growth: strategy, marketing, organization and leadership, economic development, innovation, and how to embed capabilities in organizations. They provide financial advisory services. Through their preferred access to the managing partners of their investment affiliates, Monitor gains real world insight into capital transaction design.
Monitor is "well-known for being different" from its competitors for its application of cutting-edge academic theories and its customized consulting services[1].
Monitor has published scores of articles in the world's leading business journals, including more than 80 articles in Harvard Business Review. Influential business books have been written by Monitor authors including:
- Competitive Strategy, Michael Porter
- Competitive Advantage, Michael Porter
- Inevitable Surprises, Peter Schwartz
- Overcoming Organizational Defenses, Chris Argyris
- Real Options, Tom Copeland
- The Theory of the Firm, Michael Jensen
- The Strategy and Tactics of Pricing, Tom Nagle and John Hogan
Monitor Group is headquartered in Cambridge, Massachusetts, and has offices in 30 major cities around the world.
Organization
Managed as an integrated system of international offices, Monitor’s offices are not treated as separate profit-generating units, but rather as different posts of a single company. The profits generated by all offices are brought in together as a firm. Insiders say that this integrated approach allows for extremely easy transfer opportunities within the company. Consultants who have worked more than two years at Monitor can generally work in any office they want.
Competitors
Monitor’s main competitors in the high-level strategy consulting market are McKinsey & Company, The Boston Consulting Group, Bain & Company.
Clients
Monitor Group remains extremely quiet about its list of clients that includes Fortune 500 companies (and their international equivalents), domestic and international government agencies, and non-profit organizations. Some engagements that have appeared in the press due to their public nature include a major initiative with the Libyan government[2][3] and a groundbreaking organizational effort with the University of California[4].
Monitor Talent
Monitor Talent represents thought leaders with provocative ideas and expertise about the future of business, science, and society. Notable authors, speakers, educators, researchers, and executives represented by Monitor, include: David Andelman (Executive Editor of Forbes.com), Paul Van Riper (Military Strategist), Anne-Marie Slaughter (Dean, Woodrow Wilson School at Princeton, Expert on International Relations and Law), Larry Brilliant (Pioneering Physician and Philanthropist), Richard Dearlove (Expert on Global Intelligence and Security), and John Kao (Innovation Strategist and Practitioner).
Strategic Investment
In 1998, Monitor become a founding signature partner of the venture philanthropy firm, New Profit. New Profit is a national venture philanthropy fund designed to provide the necessary resources for social entrepreneurs to achieve their visions. They provide multi-year financial and strategic support to a portfolio of organizations focused on a range of issues from childhood literacy and college access to workforce development and civic engagement. Over the past decade Monitor has made a multi-million dollar investment of pro-bono consulting and other support for New Profit. Monitor and New Profit have worked with dozens of leading organizations such as: Teach for America, Upwardly Global, Peer Health Exchange, and Jumpstart. In 2007, Monitor was selected by the Taproot Foundation and the President’s Council on Service and Civic Participation to receive the “Strategic Investment” award for its partnership with New Profit. It has been identified as an outstanding model for leveraging the skills of a company to make a meaningful and strategic investment in our communities.
Recruiting
Monitor Group recruits both at MBA and undergraduate levels. Heavy recruiting is done at Ivy League and other top-10 institutions around the country. MBA recruiting takes place in the top 8 to 10 business schools, but the online recruiting process makes it possible for graduates from any business school to apply for a management consulting position. Undergraduate recruiting is done primarily among Ivy League schools, top liberal arts colleges, and prestigious public institutions such as UC Berkeley.
Monitor has been featured in numerous publications for the quality of its culture and morale. The company was chosen as one of “10 Best Firms to Work For” by the Consulting Magazine[5] and one of “25 Top Consulting Firms” by WetFeet Insider Guide. It has been ranked in the top 5 of the “50 Most Prestigious Consulting Firms” ranking by Vault Guide for several years running[6].
Interviewing
Monitor uses a unique case method to find out the candidates’ capabilities and potentials. Monitor does not use brainteasers, but instead presents a hypothetical business case with data and information to test the candidate’s quantitative ability, logic, creativity, and poise.
The first round of interviews consists of a case interview and a fit interview. Candidates who are invited to the second round go through a group case interview, in which they work on a case with other candidates in a group setting; a role play interview, in which a real-world client situation is simulated; and a feedback interview, where the candidates get a chance to receive feedback on their performance and discuss their own views on the interviews. The interview process is extremely competitive, with typically less than 2% of the undergraduate applicant pool receiving an offer.
Offices
Notes
- ^ "Tuning into Monitor" [1] Boston Business Journal, retrieved January 6, 2008.
- ^ "Harvard Guru to Help Libya" [2] BusinessWeek, retrieved January 6,2008
- ^ "Libya Gingerly Begins Seeking Economic but Not Political Reform" [3] New York Times, retrieved on January 6, 2008
- ^ "Q&A on University of California Restructuring Efforts" [4]
- ^ "Best Firms to Work For" [5] Consulting Magazine
- ^ "50 Most Prestigious Consulting Firms" [6] Vault Guides