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

StrategyU

In contrast, consultants at the Big Four accounting firms, which also have extensive consulting arms, are offered lower base salaries in the range of $90,000 to $108,000 for similar roles. Consulting projects now often include the design and implementation of digital solutions alongside traditional strategy consulting.

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Problem-Solving Tools to Help Your Business Increase Productivity

Wrike

Ask yourself this: When planning out your projects, are you accounting for dependencies between different tasks? Use this problem-solving tool: Gantt charts. That way, you can account for them upfront rather than allowing them to throw a wrench in your timeline. Problem: You know your team isn’t using hours effectively.

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How To Build A Culture Of Excellence In A Consulting Firm

StrategyU

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. Defining these roles also promoted accountability and helped us determine the best person for each task. That was common among accountants and other consulting firms. Who is the domain expert?

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

StrategyU

He was skeptical of how a team of twenty-something analysts and associates could address problems that his senior leadership team was struggling with. In consulting, you are solving problems that don’t have a clear solution, yet. Bain also has their framework for problem-solving: the RAPID decision-making framework.

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

StrategyU

So in the last 1800s, Frederick Taylor and several others in the US started exploring new ways to think about running a business. This movement was centered around Philadelphia and contained a mix of people who worked on cost accounting, engineering optimization and shop management, centered around Philadelphia.

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Consulting Industry Overview: The 15+ Kinds Of Consulting

StrategyU

Technology consultants help clients implement big IT systems, whether it’s their own software, like Oracle, or third-party solutions, like SAP, in Accenture’s case. Do you have a toolkit for business problem solving? Market size estimate : The global IT consulting market size was valued at USD 273.13 from 2023 to 2030.