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

StrategyU

For new hires coming straight out of undergraduate programs, McKinseys base salary typically ranges from $112,000 to $120,000, while MBA hires can command base salaries of around $190,000 to $200,000with performance bonuses pushing total compensation even higher. Business Insider ).

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What Consultants Actually Do?

StrategyU

By the end, youll have a clear picture of the work consultants perform, the skills they bring to the table, and why their work is so crucial for businesses around the globe. An Introduction to Consulting At its core, consulting is all about problem-solving. Consulting can be divided into several kinds of work.

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How To Build A Culture Of Excellence In A Consulting Firm

StrategyU

All these places had leaders who said the right things and talked about building cultures of high performance, high standards, and excellence but the lived reality always fell short. In my experience, senior consulting leaders overlook the delicate connection between the business model, and specifically pricing, and high-performing behavior.

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

StrategyU

If you really wanted to jump from Business Analyst to Associate at McKinsey for example, that is definitely a possible path if you are a top performer. In this case, you likely would have to spend an additional six months or year in the BA role and it might come with the title “Senior Business Analyst.”

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

StrategyU

From 1995 to 2009 the consulting industry exploded as the business world tapped into enormous wealth through globalization and technology. Despite all these bets, the big three still derive most of their income from traditional long-term consulting engagements with large businesses, which are still performing well. billion).

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Consulting Industry Overview: The 15+ Kinds Of Consulting

StrategyU

An HR consulting team from Deloitte is brought on board to develop a global HR strategy, covering compensation benchmarking, diversity and inclusion practices, and leadership training programs. Do you have a toolkit for business problem solving?