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Strategy Consulting. What exactly is that??

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Senior Manager
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Joined: 18 Jun 2016
Posts: 268

Kudos [?]: 178 [0], given: 102

Location: India
Concentration: Strategy, Entrepreneurship
Schools: Olin '19 (A)
GMAT 1: 720 Q50 V38
GMAT 2: 750 Q49 V42
GPA: 3.7
WE: General Management (Other)
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Strategy Consulting. What exactly is that?? [#permalink]

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New post 12 Jun 2017, 08:56
I have been working at my family company for about 7 years and have been heavily invested in growing it. So, the term Strategy Consulting attracted me greatly and hence the question..

To be precise, I'd appreciate if someone would clarify what it exactly IS and what does it take to enter that field post MBA (for experience)..
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My Debrief for 750 - https://gmatclub.com/forum/from-720-to-750-one-of-the-most-difficult-pleatues-to-overcome-246420.html

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Kudos [?]: 178 [0], given: 102

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Re: Strategy Consulting. What exactly is that?? [#permalink]

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New post 13 Jun 2017, 13:42
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Strategy consulting is usually the "elite" element of the consulting industry and most often referred to as Management Consulting. There is IT consulting (very technical and competitive - outsourced mostly), Financial consulting (Big 4 play here), Business consulting (I feel Accenture fits here best) and Management/Strategy consulting (MBB's are here). Strategy consulting used to be a separate elitist thing but it was combined/merged with Management consulting in the 2000's during the crisis. There are lots of resources on Management consulting and what it entails. Usually MBB's will attract customers with their case studies, roaster of resumes and talent on staff. They only hire best of the best from top BSchools for their management/associate positions but they also have plenty of Analyst roles for undergrads but also from elite schools with strong analytical skills and high test scores.

There are 2 main paths to get there:
1. On Campus recruiting - this is the best path. This may be along the lines of a career fair or 1-on-1 interviews at a special on-campus recruiting event or it may be through a full time rep present at the school who you have access to in the top 10. In this case you are competing with your classmates and other top 10 students technically, though I feel most consulting companies have a certain number of posts they look to fill at each school, so mostly you compete with your classmates in terms of your resume (getting selected for an interview) and then your fit/style/abilities. You have to sell yourself/present yourself favorably and they basically look how you would perform in front of a client, customer, and whether you have the energy, speaking skills, and a team player.

2. Applying through online job sites/company websites not through a defined school path. This is a harder path but not impossible. These firms are always looking at capable candidates. High GMAT Score is helpful to get their attention if you are attending a lesser ranked program.

There is more on the topic here: https://gmatclub.com/forum/management-c ... 62916.html
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Re: Strategy Consulting. What exactly is that?? [#permalink]

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New post 13 Jun 2017, 23:40
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Check out the sites of various top tier companies like McKinsey, BCG, Bain & Co. to see the kind of work they are doing.

Strategy consulting is pure problem solving and advising CXOs to many organisational problems bothering them. Your own operational experience of managing family business will help you look at the business problems in more detail and come up with strategies which can be executed to give best returns.

Kudos [?]: 9 [1], given: 133

Senior Manager
Senior Manager
User avatar
G
Joined: 18 Jun 2016
Posts: 268

Kudos [?]: 178 [0], given: 102

Location: India
Concentration: Strategy, Entrepreneurship
Schools: Olin '19 (A)
GMAT 1: 720 Q50 V38
GMAT 2: 750 Q49 V42
GPA: 3.7
WE: General Management (Other)
GMAT ToolKit User Reviews Badge
Re: Strategy Consulting. What exactly is that?? [#permalink]

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New post 17 Jun 2017, 03:04
AndyDufresne wrote:
Check out the sites of various top tier companies like McKinsey, BCG, Bain & Co. to see the kind of work they are doing.

Strategy consulting is pure problem solving and advising CXOs to many organisational problems bothering them. Your own operational experience of managing family business will help you look at the business problems in more detail and come up with strategies which can be executed to give best returns.

Thanks for the input. I just realized how messed up my admission consultant was. The guy gets featured in Major newspapers in India but couldn't explain to me how my experience at family business could be used to make a case for this field :|
_________________

I'd appreciate learning about the grammatical errors in my posts

Please hit Kudos If my Solution helps

My Debrief for 750 - https://gmatclub.com/forum/from-720-to-750-one-of-the-most-difficult-pleatues-to-overcome-246420.html

My CR notes - https://gmatclub.com/forum/patterns-in-cr-questions-243450.html

Rest of the Notes coming soon.

Kudos [?]: 178 [0], given: 102

Re: Strategy Consulting. What exactly is that??   [#permalink] 17 Jun 2017, 03:04
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