What is strategy consulting?
Strategy consulting is a type of management consulting, meaning that it generally deals with advising at higher, "big-picture" levels of a firm. Strategy consultants are expected to have deep industry knowledge that they can apply to individual firms to help them make high-level decisions. Strategy consulting can have positions in any industry, and can often offer advice and expertise in very specific industries. Organizations hire strategy consultants to focus their entire attention on looking at a problem from various angles, while company officials are left to run the organization, and thus, strategy consulting is a very competitive field.
What strategy roles are there outside of consulting?
The two most common exit opportunities from strategy consulting are business school and careers in finance, with a large number of consulting alumni working in private equity and at hedge funds. However, the skills developed while working in strategy consulting are applicable to a wide variety of fields. Former strategy consultants have gone on to become successful entrepreneurs, politicians, and executives at large companies, thanks to the skills acquired in their roles as consultants, the networks they developed, and the widespread reputation of consulting for analytical excellence across all industries.
Strategy opportunities at a glance
We know that it's often difficult to accurately and objectively compare one consulting firm against another. We have therefore gathered the information below from company websites, information sessions, as well as personal coffee chats with firm representatives, so that you are able to make informed decisions:
Being prepared for the case interview is paramount to receiving an offer with a consulting firm.
BCC offers several resources which can be useful to preparing for these interviews, including a program to match students with potential case interview partners, events such as a Case Interview Workshop and our Education Series, as well as online resources which you can consult to gain some further knowledge.
Beyond this, Case in Point by Marc Cosentino is considered by many as the ultimate early guide to acing the case interview
Victor Cheng offers a free online lecture series as well as other paid features on his site, and other resources and answers to most specific questions are a simple google search away.
Behavioral questions are addressed in our Education Series and some of our online resources as well, with lists of potential questions also available across the internet.
One other event to look out for is Deloitte’s behavioral interview workshop. We recommend that you take the time to brainstorm a series of stories about yourself which demonstrate strengths which you would particularly like to emphasize.