Remove Business Problem Solving Remove Consulting Remove Leadership
article thumbnail

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

StrategyU

In 2025, the world of strategy consulting continues to evolve rapidly. Driven by technological disruption, shifting market dynamics, and changing client needs, top consulting firms are reinventing the way they work and compete. Business Insider ).

article thumbnail

What Consultants Actually Do?

StrategyU

Consulting is a term thats tossed around in boardrooms, business school campuses, and everyday conversation. Yet, what do consultants actually do? Despite common stereotypes and vague assumptions, the consulting profession is multifaceted and demanding. Consulting can be divided into several kinds of work.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

StrategyU

But, after nearly a decade of working in consulting and teaching consulting skills, I’ve come to believe that problem-solving is the most important skill. But what is problem-solving? Why is problem-solving at the core of consulting? It’s a fair question.

article thumbnail

What are the career paths and titles at McKinsey, Bain, and Boston Consulting Group?

StrategyU

What’s the difference between an “associate consultant,” “business analyst,” or “associate”? In terms of responsibilities and time in role, the roles at the top three consulting firms (McKinsey, Bain, and BCG) are very similar. When Do Most Consultants Leave Consulting?

article thumbnail

How To Build A Culture Of Excellence In A Consulting Firm

StrategyU

But I didn’t appreciate how rare that was until working at consulting firms where I found it incredibly hard to do that same level of work. From working with many different organizations as a consultant, I’ve started to notice that the companies that are able to build a culture of excellence all have a few things in common.

article thumbnail

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?

article thumbnail

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. Chapter 1: Frederick Taylor: “The System Must Be First”.