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The Strategy Consulting Industry: Firms, Trends & Compensation (2025)

StrategyU

In this essay, we explore the current state of these firms with a focus on estimated compensation levels, career opportunities, firm sizes, global footprints, and emerging trends in the industry. Firms have had to recalibrate their business models in response to evolving client expectations and global economic conditions.

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What Consultants Actually Do?

StrategyU

Consultants are brought in to diagnose problems, identify opportunities, and recommend actionable solutions. Implementation Support: In many cases, consultants not only provide recommendations but also assist in implementing changesthis can include project management, process redesign, or setting up new systems.

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Why Strategy is Simple and How Developing A Strategic Perspective Can Accelerate Your Career

StrategyU

I think that is a mistake and I want to show you that not only is strategy simpler than you think but developing your own strategic perspective can help accelerate your career and help you work on more interesting projects. Bold goals might be great if you are able to meet them but if you fall short, that can really hurt your career.

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What are the career paths and titles at McKinsey, Bain, and Boston Consulting Group?

StrategyU

The Analyst and Associate Levels: Early-Career In Strategy Consulting. In the early days, top consulting firms were led by people who had careers in other industries and specific expertise. The tenure in role is most defined at the earliest points in the career path. The Project Management and Pre-Partner Roles.

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John Legend Made Slides? What Famous Alums Learned In Consulting

StrategyU

These firms produce many impressive alumni because they tend to recruit and attract some of the most driven young people around the world, the work is oriented towards helping senior leaders of top companies, and the fact that there is an expectation that most people who work at these firms will not spend their entire careers at them.

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How To Give Feedback Like A McKinsey Consultant

StrategyU

My experience at McKinsey early in my career, after working at GE, was the first time I learned both how to receive and give feedback. The Problems With Most Feedback There are many issues with traditional feedback. My person Pet peeves : Managers often focus on minor annoyances rather than major issues.

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The Cliches of Consulting vs The Reality

StrategyU

Often hysterically funny and uncomfortably close to the truth (the consultants’ whiteboard in Office Space with the title “Planning to Plan” is a personal favorite), Hollywood’s depiction of strategy consulting relies on an out-of-date perception of management consulting that looks nothing like the reality of the present.