What qualifications do you need to be a strategy consultant?
Strategy consultants often start out by working in a particular industry, for example, consulting for insurance firms after a career in insurance. Alternatively, you can obtain a bachelor’s degree in business management or related fields. Acquiring an advanced degree like an MBA is an advantage.
How do I start strategy consulting?
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.
Is McKinsey management or strategy consulting?
The Big Three or MBB refers to the name colloquially given to the world’s three largest strategy consulting firms by revenue. McKinsey is the biggest of these with an annual revenue of >$10bn (2018) followed by Boston Consulting Group ($8.5bn revenue; 2019) and then Bain & Company (>$4.5bn revenue; 2019).
How do I become a strategic management consultant?
Becoming a strategic consultant usually requires earning a qualification. Most organisations expect consultants to have a minimum of a bachelor’s degree. To achieve this role, you can pursue a bachelor’s degree in an area like business, business administration, commerce or a similar field.
How much do strategy Consultants make?
Strategy Consulting Strategy consultants typically earn a base salary between $70,000-$100,000 at the entry level. MBA grads earn $150,000 while project leaders in strategy consulting earn $175,000.
How do you succeed in strategy consulting?
Management consulting career: 10 insights for your 1st study
- Become an expert.
- Know what good looks like.
- Guidance will accelerate your management consulting career progression.
- No shortcuts.
- Plan very well.
- Care.
- Do not allow a build-up of negativity around your name.
- Go beyond expectations.