article thumbnail

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?

article thumbnail

Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Solopreneurs who come from “name” firms like PwC or McKinsey can charge more than those who come from industry. People who market themselves as independent professionals and operate as small businesses can charge more than those who work as subcontractors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Top 5 Reasons why an MBA will help you break into McKinsey

Management Consulted

Do you need to have an MBA to break into McKinsey? The short answer is no – you do not have to have an MBA to break into McKinsey. Didn’t Michael Wolf, former Director of McKinsey’s Global Media & Entertainment Practice, do it with a BA in international politics from Columbia? McKinsey hires MBAs – it’s a fact.

McKinsey 100
article thumbnail

Consulting for Retailers Seeking Improvement

Business Consulting Agency

In the ever-evolving landscape of retail, companies constantly strive to adapt, innovate, and enhance their operations. This is where Retail Consulting Services step in as invaluable partners, offering business and industry expertise to drive transformative growth.

Retail 52
article thumbnail

Management Consulting

CaseInterview.com

Management consulting is an industry that offers assistance with this kind of high-level decision-making and problem-solving. Rather than addressing the operational angle of how to do it, we address the bigger question of what to do. Consultants also have extensive knowledge in particular industries or topics.

article thumbnail

What is the Professional Services Industry All About?

Progressus

Professional services is an expansive space spanning several industries – consulting firms, software publishers, IT service providers, even manufacturers and distributors that offer post-sale services — each with its own set of challenges, regulations, and opportunities.

article thumbnail

For Beginners: A Roadmap into the Consulting Industry

Tom Spencer

Simply put, management consulting is a profession that requires practitioners to possess solid and wide business common sense, deep professional knowledge in 1-2 domains (such as Marketing, Retail, Operation), and most importantly, intellectual capability to solve complicated business problems for clients. The third factor is, which country?