The biggest criticism of consultants is that they aren’t actually all that intelligent and creative. Really, they’re just very good at following instructions. Frameworks Firstly, anyone familiar with the industry will know the myriad frameworks used for solving cases. These include Porters’ Five Forces or the 4Ps, which can be applied to multiple scenarios. Most …
In this article, we look at the future of consulting. Its latest developments, approaches and broadly, what the future holds for strategy consulting. Before the last ten years, consulting firms had worked in the same way for a long time. They recruited talented generalists who worked on all kinds of strategy and operations projects. Recently, this …
When consultants talk about their work, they talk in terms of “added value”. It is the life-blood of what they do. It is the reason they exist! But how could at it are they really? “Value added” is usually a numerical value, like revenue or profit. Consultants back this up with qualitative change, like an …
Average starting salaries for consultants are around $61k to $85k. This rises to around $150,000 at the senior consultant level, and partners make anywhere from $300,000 to over a million! But why are consultants paid so much? Consultants endure a high workload, and stressful working environment. They are skilled employees that are able to drive …
Graduates all seem to want to be management consultants. You are probably one of them! But what does it really offer you that other jobs don’t? Many budding consultants can’t answer this question to themselves or to recruiters, so I’ve compiled some of my own idea. I basically think there are 4 main reasons people …
People often ask me is why it’s so hard to get into consulting. And it really is pretty tricky. I’ve been around consulting now for the best part of a decade, and, in my opinion, there are 5 main reasons why it is so hard to get into it: The numbers Role type Spare time …