Category: Lifestyle

The life of an Accenture Strategy consultant in Canada

We decided to launch a new series here on StrategyCase.com that should give our readers an insight into how the consulting roles differ across firms and geographies. We reach into our network to talk to people from the McKinseys, BCGs, and Bains of this world and get their perspective on their jobs and the industry.…
Read more

MBB consulting in China

We decided to launch a new series here on StrategyCase.com that should give our readers an insight into how the consulting roles differ across firms and geographies. We reach into our network to talk to people from the McKinseys, BCGs and Bains of this world and get their perspective on their jobs and the industry.…
Read more

What consulting firms are struggling with

The management consulting industry is booming and the McKinseys of this world are reporting healthy growth rates across geographies. However, three trends dominate the leadership agenda of institutions such as McKinsey, BCG, and Bain. Ultimately, the MBBs are struggling to cope with these trends that are threatening their authority. Let’s have a look at what…
Read more

Why consulting firms rank highly as best places to work

Top strategy consulting firms like McKinsey, BCG or Bain constantly rank highly in the best places to work surveys by Glassdoor, Forbes and the like. Why is it that such firms continuously come out at the top even though they are known for their long hours, stressful work-life balance and extensive travel? There are three…
Read more

How MBB consultants manage their work-life balance

Management consulting is known to be a profession with a difficult lifestyle, tight deadlines and frequent travel. In order to succeed in the long run and enjoy the ride along the way, it is important to manage lifestyle effectively. Below are several things you can do to manage/ improve your work-life balance. Long term In the long-term (in…
Read more

How much consultants work

What are the hours like in management consulting? Top-tier strategy consulting firms have a reputation for long hours. In reality, how much a consultant works in a given week varies greatly and depends on a number of factors. First, we have to distinguish between project time, the time you work on a client engagement, and…
Read more

4 types of management consulting firms

There are thousands of consulting firms and not every firm is the same. They differ in terms of their size, fees, remuneration, prestige, selection criteria, lifestyle, type of work and many other things. Below, we have divided the management consulting market into four types of players based on two key dimensions, the revenue per consultant…
Read more

Why McKinsey, BCG and Bain are considered the top-tier consulting firms

There are thousands of management consulting firms around. However, the air at the top is very thin, with three players competing for the crown. McKinsey & Company, Boston Consulting Group and Bain & Company are universally acclaimed as the top firms in the consulting universe. Why is that so?   Top clients The triumvirate in…
Read more

The management consulting hierarchy explained

Pyramid structure and up-or-out Most management consulting firms share the same basic pyramid structure when it comes to hierarchies of their consulting staff. While we find many analysts at the base of the pyramid, the top is made up of the most senior partners of the firm. This deliberate structure is aligned to the project…
Read more

Why companies hire management consultants

Hiring management consultants is expensive, especially when companies engage top-tier strategy firms such as McKinsey, Boston Consulting Group or Bain. The price tag for typical projects can range from USD 1mn to 10mn. So why are companies willing to pay a large premium for this external advice. Below are the 5 key reasons.   Outside…
Read more