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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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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
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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.

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Personal Experience Interview - McKinsey PEI

CaseInterview.com

At consulting firms like McKinsey, you will receive a personal experience interview (or McKinsey PEI). It is an unusual combination to find in candidates, and that is in part one reason why firms like McKinsey will consider 40,000 applicants (or some ridiculously high number like that), just to hire a few hundred people each year.

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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. Whether it’s optimizing operations, refining marketing strategies, or enhancing customer experiences, retail experts craft solutions that are uniquely suited to the challenges faced by individual retailers.

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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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Benefits of Business Consulting Services

Business Consulting Agency

Operational Efficiency One of the primary advantages of consulting services is the enhancement of operational efficiency. McKinsey & Company reported that companies that invest in organizational effectiveness through consulting services experience a 28% increase in operational efficiency.