management consulting careers

Management Consulting Salary Guide for 2019

Management consultant salaries in the United States will vary by position and experience. Starting from the base, fresh graduates (from undergrad institutions) earn an average base pay of $83,500 from top-tier consulting firms. Their performance bonuses range between $12,000-$18,000, with a signing bonus of $5,000. For entry-level hires salaries are about $83,500 on average at [...]

Top Consulting Firms

What are the Top Consulting Firms? While it sometimes seems that everyone wants to get into the top 3 strategy consulting firms McKinsey, Boston Consulting Group (BCG), and Bain & Company (Bain), also known as MBB, it’s worth noting that there are several other top consulting firms that can give a career a real boost. While McKinsey, [...]

Management Consultant

Spanning across private and public sectors, management consultants help businesses solve complex problems. They take a structured approach towards understanding and addressing common challenges that a company might face. Putting the entire profession into one sentence is difficult because consultants work on a wide range of problems. Their aim is to provide effective solutions that [...]

Management Consulting

  Management Consulting is the business of analyzing and offering solutions to complex problems within an organization. This is a valuable service because consultants can offer an outside, unbiased perspective to the problem and devote their full attention to solving it. In today’s competitive business environment, many companies are looking for unique ways to grow [...]

Strategy vs. Operations Consulting

Question: I came across your website and was wondering about Strategy vs. Operations consulting. It seems Strategy is more about growing the company whereas Operations is about making the company more efficient. Would you say that Strategy Consulting is harder to get into/ more prestigious than Operations? Are similar skill sets needed in both? My Reply: [...]

Big 4 Consulting vs. Mckinsey, Bain & BCG

What follows is an excerpt from a field report, comparing consulting firms like McKinsey, Bain and BCG vs. a Big 4 consulting practice, where this reader worked for a year prior to a consulting offer. Field Report: Here’s my comparison of consulting in a Big 4 and at BCG: Although I haven’t been at BCG [...]

Management Consultant with an Accent?

Question: Cosentino’s book has a brief but thoughtful section on international students which centers around communication skills. I’m an American citizen but grew up in a South American country. I immigrated to the U.S. when I was 17 and still have an accent, though mild, after 10 years. My English grammar and vocab is well [...]

Transitioning From Audit to Management Consulting

Question: Thank you for support that you provide to us via web site and e-mail. I am working in a big international company in the audit department [Big Four accountancy firm], but I would like to continue my future career as a management consultant. Can you advise me of the approach I should use to [...]

Why Consulting Firms Hire Undergrads

Question: I would like to start by saying thank you for the resources you provide. They are very helpful and have made me much more effective at cases as well as other tasks that require similar skills. However as an undergraduate student working towards a B.COMM in a school that is considered a target school [...]

McKinsey Careers

If you pursue one of the many McKinsey careers available to both beginning and experienced consultants, you will become part of one of the oldest firms in the field.  McKinsey was established some 80 years ago, all the way back in that golden age of American business, the “Roaring Twenties.”  Many in fact credit the [...]