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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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Ten Business MECE Examples

StrategyU

What might be improved: Some projects might benefit from a dedicated monitoring phase between execution and closure to address performance issues in real time. You can check out the social media examples and others Do you have a toolkit for business problem solving? Want more examples?

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How To Beat The McKinsey Solve Game

StrategyU

It’s not just any test; it’s a game designed to challenge your thinking, and your problem-solving abilities, right from the start—every click you make counts on how you will be perceived. What is the McKinsey Problem Solve Game? During the game, you’ll be faced with complex problems that need to be solved quickly.

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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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Issue Trees – What Are They and How Do You Use Them?

StrategyU

The next step is to develop analyses or experiments that you can perform to validate or quantify how much impact can be generated by focusing in each of these areas. How Issue Trees Are Linked With Problem Solving. At StrategyU we are fans of the SCQA process to define problems and develop hypotheses. Learn more here.

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MECE: Real-World Examples

StrategyU

But even if I hadn’t gone on to work in consulting, I now know that MECE is a valuable tool for anyone who wants to think more clearly and solve problems more effectively. MECE (Mutually Exclusive, Collectively Exhaustive) is a powerful problem-solving framework that is used in management consulting and various business functions.

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Do Consulting Case Study Interviews Work? A deep dive

StrategyU

Who wouldn’t want to test a candidate’s problem-solving abilities (rather than hear about them in the traditional behavioral interview)? The Most Famous Case Practice Book Marc Cosentino has the best business plan for books: write one that almost everyone who wants to work in consulting has to buy. Most people leave consulting.