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

StrategyU

These figures reflect a premium for the McKinsey brand, which is often associated with excellent exit opportunities in highprofile corporate leadership roles. This system ensures a continuous influx of fresh talent and pushes high performers toward leadership roles. Now, however, some firms are grappling with overcapacity.

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What Consultants Actually Do?

StrategyU

They gather data, conduct interviews, and analyze internal processes to diagnose problems or pinpoint areas of opportunity. Continuous learning is part of the job, with many firms offering in-house training programs and mentorship opportunities to support professional development.

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

StrategyU

As the scale and ambition of these firms increased, they needed more people to do the work and needed to develop internal pipelines of future partners. In addition to client work, consultants are pressured to develop a “spike” or topic expertise where they can become a go-to person for many clients in the future.

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Famous Consulting Frameworks: The Rule of Three and Four – Bruce Henderson (1976)

StrategyU

Do you have a toolkit for business problem solving? This course teaches you how to synthesize information into compelling insights, structure your information in ways that help you solve problems, and develop presentations that resonate at the C-Level.

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How Top-Tier Consultants at McKinsey, Bain, and BCG Really Solve Problems 

StrategyU

Before I started at McKinsey, someone several decades my senior asked me “why would my company hire you, with only a few years of work experience, to solve a problem for us?” He was skeptical of how a team of twenty-something analysts and associates could address problems that his senior leadership team was struggling with.

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How To Build A Culture Of Excellence In A Consulting Firm

StrategyU

Once the business model is figured out, you must be extremely specific about your “standard of performance” A great example about the importance of high standards comes from football — Bill Walsh coaching the 49ers. Do you have a toolkit for business problem solving? He was supportive.

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A Brief History of Strategy Consulting: 100 years from Frederick Taylor to the “Next New Normal”

StrategyU

So in the last 1800s, Frederick Taylor and several others in the US started exploring new ways to think about running a business. Part of the toolkit McKinsey developed was a 30-page document called the “General Survey Outline” (GSO) and it stood out for how it was different than Taylor’s “how-to” approach. billion to $3.4