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

StrategyU

McKinsey is renowned for its rigorous recruitment process, its structured up or out career progression, and a culture that demands long hours and constant excellence. This reduced deal flow has led some firms, such as EY-Parthenon, to delay start dates for new hires and adjust their recruitment strategies accordingly.

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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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How To Beat The McKinsey Solve Game

StrategyU

The McKinsey Problem Solve Game, often called the Digital Assessment or Solve Game, is an innovative tool used by McKinsey & Company to assess candidates early in their recruitment process. During the game, you’ll be faced with complex problems that need to be solved quickly. You can do it!

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Do Consulting Case Study Interviews Work? A deep dive

StrategyU

At the highest level, most cases are similar: The interviewer presents background on a “client’s” business problem or scenario (e.g., For certain schools, you are typically expected to participate in the campus recruiting team and help potential interviewees come into the interview prepared. Most people leave consulting.

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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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The Cliches of Consulting vs The Reality

StrategyU

Yes, the air is thin at the top echelons of the prestigious colleges where the big firms recruit first-year business analysts. Yes, an MBA from one of the “right” business schools will get one’s foot in the door easier than a degree from a less prestigious one. Do you have a toolkit for business problem solving?

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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.