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Is boutique consulting better?
But note the three major differences between the two sets shown in the chart: compared to their big firm counterparts, boutique consultants clearly prize culture and colleagues more highly than prestige—and they’re significantly more likely to choose a firm because of the work-life balance it offers.
What makes a consulting firm boutique?
Boutique consulting firms are small/specialized/localized consultancies. They tend to have fewer than 500 employees, focus on one or a few industries (e.g.: healthcare), functions (e.g.: marketing), and serve clients in localized markets (e.g.: national, regional). They also identify themselves as “boutique”.
Are there benefits for consulting firms to stay small?
Lower cost and faster results — Client businesses are ultimately interested in the bottom line and the value they get for their money. In addition, smaller consulting firms’ focus on agility and faster time-to-value means shorter project lifecycles and lower project costs.
How much do boutique consulting firms pay?
Boutique Strategy Firm Consultant Salaries
| Firm | Base salary | Signing bonus |
|---|---|---|
| L.E.K. Undergraduatte & Masters Consultant Salary | $80,000 | $15,000 |
| Oliver Wyman Undergraduate & Masters Consultant Salary | $87,000 | $10,000 |
What does boutique consulting mean?
Boutique firms are smaller-sized consulting firms, usually with close connections to local clients or a specific area of expertise. Consultants may specifically focus on telecommunications and the media industry, for example, or solely work with clients in the clean energy space.
Should I work for a small consulting firm?
Working for a small firm can give you much wider exposure to different clients, projects and areas of expertise, because you typically wear more than just one hat. Your chances to work with more experienced people rather than your peers also tend to be higher in a small firm environment.
How can I make my consulting bigger?
HOW TO BREAK INTO CONSULTING
- Acquire the necessary skills and knowledge.
- Prepare a good cover letter and a strong resume.
- Acquaint yourself with the professional consulting job-hunting process and interviews.
- Find a good mentor in the consulting industry.
- Become a member of a consulting club.