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Consulting 101: Operations, Hierarchies, and Types of Firms

Tom Spencer

Learning how consulting firms operate can help you better understand what you would do as an analyst. MBB (McKinsey, Bain, and Boston Consulting Group) are the three leading management consulting firms, and offer clients a combination of reliability, high quality, and very strategic recommendations. How do Consulting Firms Work?

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How BCG, Bain & the Consulting Industry Got Started

CaseInterview.com

There's a great article in Bloomberg BusinessWeek that while several years old does a great job at discussing how the global strategy consulting industry got started, why Boston Consulting Group was founded, how Bain was a spinoff of BCG, and how Bain Capital was a spinoff of Bain. These were all firms where Romney worked.).

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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Factors that Impact Your Base Rate The 2x-3x estimate will give you a rough idea, but tweak your numbers up or down based on the following factors: Pedigree: Did you learn your craft at a consulting firm with formal training, such as Deloitte or Bain & Company?

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Management Consulting

CaseInterview.com

Rather than addressing the operational angle of how to do it, we address the bigger question of what to do. This may involve traveling to the client’s site to collect data, interview employees, and examine daily operations. It’s not easy to come up with a simple definition of what we do.

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How I Started My First Consulting Business: Confessions of a Bain Consultant

Management Consulted

This month’s Transparency Series article, How I Started My First Consulting Business: Confessions of a Bain Consultant, is all about Jenny Rae’s renegade life and her first business that wasn’t a souped-up lemonade stand. Without knowing what was coming, I boarded a plane for the U.S.

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The Consulting Bible – Dominate Your McKinsey, Bain and BCG Fit and Consulting Case Interviews

Management Consulted

Do you sweat when nervously thinking about how Disney can expand its operations in Brazil? We’ve helped 1600+ people land interviews and offers in the consulting world (including such esteemed firms as McKinsey, Bain, BCG, Deloitte and Mercer). Do you stumble when asked why you’d be a great consultant?

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How I Fell In Love With Business: Confessions of a Bain Consultant

Management Consulted

If you haven’t read Part 1 or Part 2 of our Transparency Series (on Jenny Rae’s journey before, during and after Bain), make sure you start there – it will illuminate the back story to what we share here. And I didn’t know how to operate. Enjoy! **. I didn’t have to please anyone else. I just had to be.

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