Strategy consulting is one of the most competitive and lucrative destinations for bright graduates, but it are also often misunderstood. Luckily, we’ve compiled a guide to help you understand the ins and outs of this prestigious sector.
Strategy consultants advise organizations on high-level decisions in an unbiased fashion, using deep industry knowledge to deliver the best results. It is a type of Management Consulting, which generally implies advising at the highest-level of a company.
Strategy consultants work across every industry, with private and public sector bodies on a wide range of issues.
For example, a company is looking to save money in a shrinking market, so it decides to close one of it’s manufacturing plants. They want to know if this is a worthwhile course of action, which of their plants should be closed, how much money it will save them, how much it will cost them, and how they should restructure their supply chain to manage this loss of production – this is where a strategic consultant comes in.