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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Oliver Wyman

Strategy Consultancy

>5,000 employees worldwide

Oliver Wyman is a leading global management consulting firm that helps organizations address their most complex challenges and achieve sustainable success. With a strong focus on strategy, operations, risk management, and digital transformation, Oliver Wyman delivers innovative solutions backed by rigorous analysis.

By combining deep industry expertise with a thorough understanding of client needs, the firm develops tailored strategies that create lasting impact. Driven by highly engaged professionals and a dynamic, collaborative culture, Oliver Wyman is an attractive employer for talents looking to grow and thrive in an inspiring environment.

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Oliver Wyman Case: Full Electrons Ahead

137.6k times solved

Difficulty: Intermediate

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Growth strategy

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Operations strategy

Your client, large automotive OEM WyCar, has developed its first fully electric vehicle (EV) and introduced it as a pilo(...)

Your client, large automotive OEM WyCar, has developed its first fully electric vehicle (EV) and introduced it as a pilot on the Austrian market last(...)

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Oliver Wyman Case: On the Right Track

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Difficulty: Beginner

Candidate-led

Operations strategy

Profitability analysis

TrainCo is a manufacturer of rolling stock, or trains, with production sites in three European countries. The company ha(...)

TrainCo is a manufacturer of rolling stock, or trains, with production sites in three European countries. The company has seen declining profitability(...)

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Mar 28, 2020

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Mario

Thanks for the question Christine. I would structure the problem in three dimensions: Effect of crisis on Humans health and society, Effect of crisis on Science and Ph (...)

Thanks for the question Christine. I would structure the problem in three dimensions: Effect of crisis on Humans (...)

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