The initial training and development programme is classified into two broad categories: (i) core programmes covering fundamentals and principles to resolve complicated commercial and business issues; and (ii) skills’ training and the application of tools and methodologies for providing effective business solutions. Over a period of 15 months, each new associate completes around 200 hours of structured training, delivered with the following schedule:
Induction: A week-long programme covering new-consultant business and technical skills and an introduction to finance and accounting principles
Consultant Development Programme 1 (CPD1): Global introduction and overview of Marakon business, firm-endorsed consultancy tools, techniques and principles, meeting other consultant trainees from across the world and participation in a case exercise competition, conducted over a one week period
Business Unit Strategy Development: Knowledge and understanding of strategic consulting including market economics; competition knowledge and awareness; design creation, evaluation and implementation; and creating client-focussed analysis
Financial Foundations: Conducted within the first six months of service, covering advanced understanding of financial principles and frameworks—corporate finance, valuation, capital structure, and corporate objectives and targets
Consultant Development Programme 2 (CPD2): Final module of initial training and development, conducted upon completion of 12 months at the firm, preparing new associates for full-time consultancy roles. The content consists of a final summary of all training completed to date, the next steps and corporate strategy
Supplemental training provided over the course of regular employment covers training in Marakon’s areas of expertise—strategy, execution, organic growth, growth through acquisition, risk management, productivity, leadership and organisation, and managing for value
General skills training includes research, collation of data and preparing analyses; professional networking; interviewing skills; and advanced modelling techniques.
New associates are paired up with a dedicated coach, who is responsible for monitoring professional progress, identifying areas for improvement, providing career advice and discussing trainee performance in monthly one-on-one meetings. The coach is also responsible for making a case for the associate at firm-wide development forums, where all consultant and associate consultant performances are reviewed.
Feedback is collected at the end of each assignment - from the case team manager, other team members, clients and other individuals the trainee has collaborated with. Associates are also assigned a buddy to provide informal guidance and support.
‘Live’ work experience is by way of placements within individual project teams, also known as case teams. Each case team has about four to six people, with at least one associate consultant, consultant, manager and partner. An end-of-project review and informal discussions during the project on the trainee’s progress, provide directions as to how the trainee is doing and areas of improvement.