What’s the Difference Between Strategy and Management Consulting?
The consulting industry is incredibly diverse in its nature of work, with many niches and specialized sectors. Consulting is an advisory service and in the business world can cover every aspect of business operations, from tax to logistics.
It can be confusing to understand the differences between what kind of work is done by the various types of consulting services. Management and strategy consulting, in particular, are often confused as they can work together with clients, however, there are some key differences in the nature of their work, and this is reflected in the differences in their working hours, salaries, and projects they take on.
At the highest level, strategy consulting is the "What" and management consulting is the "Do". Strategy consultants focus on the big questions and strategic direction whilst management consultants execute the strategic vision. They are interconnected and often rely on each other.
The following article is a comparative guide to help you gain a better insight into the difference between strategy and management consulting.