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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. Consulting projects now often include the design and implementation of digital solutions alongside traditional strategy consulting.

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What Consultants Actually Do?

StrategyU

Consultants are brought in to diagnose problems, identify opportunities, and recommend actionable solutions. These are presented in well-structured slide decks that outline the situation, findings, and proposed solutions. They serve as external experts whose insights help companies navigate complex issues and drive change.

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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. The PSG gamified part of McKinsey’s recruitment process. This isn’t your typical test. Let’s dive into these games.

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Do Consulting Case Study Interviews Work? A deep dive

StrategyU

For certain schools, you are typically expected to participate in the campus recruiting team and help potential interviewees come into the interview prepared. I suspect a lot of what keeps the interviews around is that everyone in charge of recruiting had to go through them: back in my day we did these, so we can’t get rid of them!

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

StrategyU

In most countries, the central banks, the public health authorities, the treasuries and many other public-sector institutions now collect good data, hire Western-educated advisers, and try to implement good solutions. Do you have a toolkit for business problem solving? This has had a dramatic effect on the industry.

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The Seven Traits of Highly Effective Consulting Problem Solvers

StrategyU

This discovery completely reframed the problem and led to a more effective solution. Why is this solution better? Good problem solvers thrive in these sessions. There is a reason that all consulting firms focus on analytical thinking in their recruiting process. Their creative solution? Why not that one?