Thinking of working in strategic consulting? If you have decided to change jobs or want to dedicate yourself to the world of management, this article will help you to have the clearest ideas about strategic consulting. Below we will show you a summary of what it is, usual departures, main consulting companies, and selection processes in this sector:
What do strategic consulting firms do?
These firms provide advisory services to large companies for the definition of their strategies and/or their implementation. They also prepare detailed reports in which they deeply study a certain company from a commercial point of view.
What does a consultant do?
He takes a deep look at companies, understands them to a point where they can offer viable solutions that transform your business. Consultants usually work in their client’s offices, meeting all employees, and having constant meetings with directors.
What are the usual career opportunities in 3/5 years?
- Large traditional companies (Repsol, Telefónica, Santander)
- Technology companies (Amazon, Google, eDreams)
- Private Equity
What are the main consulting firms?
- 1st level: The Boston Consulting Group, McKinsey and Bain & Co
- 2nd level: Roland Berger, Oliver Wyman, AT Kearney, Booz & Company, Arthur D Little, Management Solutions, Blue Cap.
Other firms that provide various services:
- Big Four: Deloitte, PwC, KPMG, E&Y
- Accenture, Indra, GrantThornton
How do you get a position in strategic consulting?
- Summer consultant
- Direct offer with previous experience
What profile is a strategic consulting firm looking for?
How to prepare applications for interviews?
The selection process usually has 3 parts:
- Selection of candidates: based on their CV and cover letter.
- Test: usually carried out in the offices of the consultant. The questions are usually related to small consulting cases and they examine the numerical, analytical, and comprehension skills of the candidate.
- Interviews: There are usually two rounds of interviews.