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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thyssenkrupp Management Consulting

Inhouse Consultancy

>80 employees

Transforming the industry starts with you.

We are thyssenkrupp Management Consulting (tkMC), the internal strategy and management consulting unit of thyssenkrupp, a global industrial and technology group. Our clear vision is sustainable transformation.

From climate-neutral steel and the repositioning of automotive businesses to the strategic reorganization of international corporations, tkMC works on a wide range of topics that truly make an impact. Our project portfolio spans Strategy & Markets, Performance & Transformation, Transactions, Sustainability, and Venture Building & Digitalization. We work across all thyssenkrupp business segments with a direct reporting line to top management, ensuring our projects are highly visible and strategically decisive.

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Solve Real Cases from thyssenkrupp Management Consulting

Company case by

thyssenkrupp Management Consulting

tkMC Case: Market entry strategy in the lithium materials trade market

Your client tk Commodity Trade (tk ComT) is a global materials trader - they buy and sell raw materials. tk ComT had stable EBITDA margins in recent years. They consider expanding their target market and entering the Lithium (electric vehicle battery grade) trade, due to the current high demand for electric cars and Lithium-ion batteries. The client is concerned about minimizing the cash spending and about improving the payback period for this market-entry campaign, due to corporate cash policy.As a consultant, you are expected to calculate the size of the Lithium market and to assess the payback periods for an organic market entry (with own resources) as well as for the acquisition of an established company. Finally, the client expects a proposal about the best market entry strategy and potential opportunities and risks.

20.7k times solved

Difficulty: Intermediate

Interviewer-led

Market entry

New product

Profitability analysis

Open case

Company case by

thyssenkrupp Management Consulting

tkMC Case: Portfolio optimization of a holding company

Your client is a holding company that has three larger companies in its portfolio. The successful portfolio has developed very dynamically over the last two years and the companies are facing different challenges. The management takes this situation as an opportunity and wants to carry out a portfolio optimization. As a consultant, you are first asked to carry out a portfolio analysis and then to prepare recommendations for action for the portfolio decisions.

12.4k times solved

Difficulty: Intermediate

Interviewer-led

Growth strategy

Mergers & Acquisition

Open case

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thyssenkrupp Management Consulting Answers in Our Consulting Q&A

Was würdet ihr mir zur Vorbereitung auf einen Job im Consulting empfehlen?

Jul 06, 2025

1.1k

Best answer by

Dominic

Ich würde dir empfehlen, dich vor deinem Einstieg ins Consulting gezielt mit den typischen Beratungs-Anforderungen vertraut zu machen (bspw. die gängigen Consulting-Fram (...)

Ich würde dir empfehlen, dich vor deinem Einstieg ins Consulting gezielt mit den typischen Beratungs-Anforderungen (...)

thyssenkrupp Management Consulting

Solve Real Cases from thyssenkrupp Management Consulting

thyssenkrupp Management Consulting Answers in Our Consulting Q&A

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