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

StrategyU

In 2025, the world of strategy consulting continues to evolve rapidly. 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.

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

StrategyU

Strategy” is a word that attracts a lot of excitement in the business world. People who work on strategy get paid more and senior executives like to use the word a lot to talk about their decisions. In consulting, I worked with many companies helping them to develop strategies.

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What Consultants Actually Do?

StrategyU

Management consulting focuses on improving overall organizational performance; strategy consulting helps companies decide on the best course for growth and competitive advantage; technology consulting centers on digital transformation and IT strategy; and there are many niche areas such as human resources, marketing, and operations consulting.

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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. Strategy Consulting Firms Hire Entry-Level Consultants, But Typically Less Than Grad School Hires.

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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. Do you have a toolkit for business problem solving? As much as we accept that feedback and coaching are good things, most people still feel awkward when giving and receiving feedback.

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The Cliches of Consulting vs The Reality

StrategyU

The mystique of strategy consulting has inspired films such as Office Space and Up In the Air and TV shows like House of Lies. While I generally agree with many of the criticisms of strategy consulting, I am more interested in demystifying what consultants do and how you can learn the same skills without having to work in the industry.