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

StrategyU

In 2025, the world of strategy consulting continues to evolve rapidly. Over the past decade, the strategy consulting industry has weathered several transformational wavesfrom postpandemic recoveries and digital transformation booms to increased demand for sustainability and costoptimization 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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A Brief History of Strategy Consulting: 100 years from Frederick Taylor to the “Next New Normal”

StrategyU

The history of strategy consulting starts with Frederick Taylor and the Scientific Management movement but took many twists and turns as it evolved into its current state, an industry looking inward and pondering where it fits in the new technology-powered business world. one that would focus on business strategy.

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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. Strategy Consulting Firms Hire Entry-Level Consultants, But Typically Less Than Grad School Hires. One weird thing about the strategy consulting industry is that many people join the industry with an intention to leave.

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

StrategyU

In 1976 the founder of Boston Consulting Group, Bruce Henderson published a strategy memo with a bold claim : “ a stable competitive market never has more than three significant competitors, the largest of which has no more than four times the market share of the smallest.”. Do you have a toolkit for business problem solving?

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How To Build A Culture Of Excellence In A Consulting Firm

StrategyU

They might say yes initially but then I ask if they’ve read strategy reports, investor documents, done store visits (if appropriate), and done interviews to understand their clients better. We tend to glorify words like “Strategy,” but strategy isn’t that complex. If so, how much? They never thought of it.

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

StrategyU

But what is problem-solving? From a psychological perspective, it’s a cognitive process in which a person uses mental strategies to achieve a goal or find an answer to a challenging situation. In consulting, you are solving problems that don’t have a clear solution, yet. It’s a fair question.