James is now a coach at Case Coach after working for 3 years at BCG. How did you find the management consulting lifestyle? There is no doubt that the management consulting lifestyle is extremely challenging, but also exciting. You workhard and are expected to meet very high levels of performance at all times.But you get to …
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 we compiled some of our ideas. The Skills The number one reason that attracts people to …
People often ask me is why it’s so hard to get into consulting. And it really is pretty tricky. Numbers Above all there are just not many roles at top consultancies. The reason for this is simple. On a single consultancy project, the “hard yards” that the analysts do not take that much time. If …
