What Is the Best Consulting Firm for Me?

Every consulting firm is unique. If you are interested in working in consulting, the available options include working for the typical strategy consultancies , more specialized boutique consulting firms, or for the so-called inhouse consultancies which are basically internal consulting firms of big companies. The big players in strategy consulting know how to set the tone by means of branding, demanding projects, internationality, and last but not least through attractive salaries. Boutique consultancies have the advantage that consultants may work in their favorite field in order to evolve into specialists. Inhouse consultancies are becoming more and more important for the job market, since employees are looking for more promising work-life-balance properties in their employers. Moreover, you'll be able to do your own networking in a big firm, and therefore lay a solid foundation for the transition into the later stages of your career.

What Are Necessary Skills for Me as a Consultant?

You'll have to bring certain abilities to the table, but it's about more than what's on your resume. Despite an excellent academic education, your future employer will also look for working experience, especially if acquired abroad. Particularly if you studied business/economics, you'll be expected to have at least two internships on your record when being interviewed.

Do I Need an MBA to Apply for a Job in Consulting?

While an MBA can be beneficial, it's not a strict requirement to apply for a consulting job. Consulting firms often seek candidates with diverse educational backgrounds, including natural sciences, medicine, and pharmacy. They highly value organized and analytical working behavior. Beyond educational qualifications, firms also emphasize soft skills such as communication abilities, self-confidence, and analytical skills. Even without significant practical experience, if you demonstrate these qualities, you could potentially be considered for consulting roles. Some firms may also offer workshops and mini-MBA programs to further develop your skills once hired.

What Are the Benefits While Working as a Consultant?

Working as a consultant offers several benefits. While the role often requires long working hours, especially for those starting their careers, it compensates with high salaries. Additionally, the experience you gain as a consultant can lead to promising career advancements and opportunities for personal development, extending beyond the realm of consulting. Many consultants leverage their experience to transition into roles in large industrial companies, smaller boutique consultancies, or startups, which can offer diverse career paths.

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EY

Locations of EY in Germany and other countries

Audit

Berlin, Bremen, Dortmund, Dresden +16 others

247,000 employees worldwide

Digitization, M&A, Process Management, Restructuring & Turnaround, Supply Chain Management, Finance

Aerospace, Automotive, Banking, Construction & Construction Suppliers, Energy, Finance, FMCG & Retail, Industrial Goods, IT, Lifescience & Healthcare, Machinery & Equipment, Public Services, Telekommunications & Media, Tourism, Transportation & Logistics

We are a market leader in the areas of auditing, tax and legal advice, strategy and transactions and consulting. Our goal is to move things forward and make them significantly better - for our employees, our clients and the society in which we live. This is what our global claim "Building a better working world" stands for.

Consulting Q&As About EY

Anyone gotten update for EYP strategy - financial services?

application process EY HR

Most recent answer on Dec 04, 2024

Alberto

Expert

Ex-McKinsey Partner | Most experienced coach (15 years exp, +2.000 real interviews) | 95% success rate

Alberto

Expert

gave the best answer on Dec 04, 2024

Ex-McKinsey Partner | Most experienced coach (15 years exp, +2.000 real interviews) | 95% success rate

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EY Tech Consulting vs. KPMG Customer and Operations Advisory—Internship

EY internship KPMG

Most recent answer on Oct 31, 2024

gave the best answer on Oct 30, 2024

Hi there, First of all, congratulations on the offers! I would be happy to share my thoughts on your question: First of all, please don't worry about specializing because this is just an internship. Moreover, I would hi ... (read entire answer)

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EY

About EY

Consulting Q&As About EY

Anyone gotten update for EYP strategy - financial services?

EY Tech Consulting vs. KPMG Customer and Operations Advisory—Internship

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