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Consulting 101: Operations, Hierarchies, and Types of Firms

Tom Spencer

In this short post, we will briefly explore how consulting firms work, the hierarchy within firms, the main types of firms, and a few ways to learn more about a particular firm as you chart your career path, prepare your applications, and get ready to matriculate into the consulting industry. How do Consulting Firms Work?

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Management Consulting

CaseInterview.com

Management consulting is an industry that offers assistance with this kind of high-level decision-making and problem-solving. It’s not easy to come up with a simple definition of what we do. Rather than addressing the operational angle of how to do it, we address the bigger question of what to do.

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Major Challenges Facing the Consulting Industry

QEmploy

This article will look into the consulting industries current pitfalls and future in terms of transparency and digitalization. Finally, both the Operational Manager and Procurement Manager of Qemploy ‘s indirect client, an anonymous large scaled IT – consulting firm. A Brief on the Growth of the Global Consulting Industry.

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Poets and Quants in Management Consulting

Tom Spencer

A constantly reoccurring conversation I have heard discussed about the management consulting industry is if the preference for talent is in favor of “ poets” (those that come from more of a humanities background) or “ quants” (those that come from more of a technical or hard sciences background).

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Bulger Partners – Strategy Consulting for the Software Economy

Management Consulted

In fact, the firm is already beating out heavyweights such as McKinsey, Bain, and Parthenon-EY for strategy projects in the tech sector due to better industry specialty. On the value creation side, Bulger Partners covers 13 different types of value assignments (growth strategy offerings, technical strategy, operations, etc.).

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How do MBA Programs Prepare you for Consulting?

Tom Spencer

These are definitely important to get you there, but it’s not enough to know they exist, it’s important to delve further into WHAT each aspect is actually composed of. With a team of five, we delved into 3+ years of sales data and operational costs to create an effective final presentation.

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Considerations for Starting your Consulting Career at a Boutique Firm

Tom Spencer

There is no established definition of what identifies a consulting firm as boutique. For our purposes, let’s identify a boutique firm as one that has less than 100 consultants (emphasis on ‘consultants’ and not staff) and operates from at most only a handful of offices (even if those offices are in multiple countries). Compensation.