Remove Business Problem Solving Remove Performance Remove Solution
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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 Beat The McKinsey Solve Game

StrategyU

Each mini-game within the Problem Solve Game presents you with complex, real-world scenarios that consultants might encounter in their work. But it’s not just about reaching the correct solution—how you approach the problem, the strategy you use, and the decisions you make along the way are just as important.

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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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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. At its best, consulting is selling a process not solutions which means one of the best uses of time is to obsess over the process.

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Do Consulting Case Study Interviews Work? A deep dive

StrategyU

I suspect the test was more of a general intelligence and reasoning test (which CAN be predictive of job performance). But coming up with solutions for a client’s problem is never as easy as pulling a framework out of a hat. Do you have a toolkit for business problem solving? Most people leave consulting.

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The Magic Of Critical Thinking: How To Make Better Decisions

StrategyU

Dewey added that critical thinking is “suspended judgment, and the essence of this suspense is inquiry to determine the nature of the problem before proceeding to attempts at its solution.”. This is the secret sauce of any high-performing organization but can be hard to recognize if you were not there at the beginning.