From a career standpoint, strategy consulting is considered the most prestigious and difficult to access track in management consulting.In order to get your foot in the door, you will need to be at the "top of the class" in every conceivable metric and have an exceptional capacity for data analysis.You need top-tier grades, you need to make the right connections at networking events, and you need to absolutely nail each stage of the interview process. You will need to be a top performer at each level in a promote-or-be-fired progression system.Management consulting can be further broken down into a number of career tracks, the following five being most popular: Business strategy or "strategic management" is the uppermost level of decision making that drives a business.
"A company is only as good as its people," said Kathryn Minshew, founder, and CEO of The Muse.Management Consulting is what most people think of when someone says "consulting." This field is dominated by large consulting firms like Mc Kinsey, Bain, and Boston Consulting Group, which are hired to help enterprise businesses improve strategy and operations or manage significant business events like mergers and acquisitions.Management consultants make some of the highest salaries in the professional world, and as you would expect with such a lucrative career, getting into the field is extremely difficult and ludicrously competitive. What does being a consultant even mean, and which types of consulting careers are in demand?Similar to being an entrepreneur, being a consultant is something many young careerists aspire to without actually understanding what it's all about.To survive and thrive, businesses must make objective and informed financial decisions.And, these decisions must take into account a huge number of complex variables.Enforcing compliance using company policies helps to detect and prevent any violation of governance, such as fraud, abuse, or discrimination.In turn, this can protect the organization from fines and lawsuits.This is why business leaders will often bring in strategy consultants who specialize in a particular industry or type of business decision.The consultants will be able to look at every possibility and probability and provide a thorough, unbiased brief the C-suite can then use in their decision making.