The Business Strategy and Consulting Industry’s Massive Growth Story

The Business Strategy and Consulting Industry’s Massive Growth Story

The business strategy and consulting industry is experiencing massive growth, with projections indicating that it will surpass $158 billion by 2020. This industry is one of the fastest-growing sectors globally, but it is also highly selective and exclusive when it comes to hiring top talent. Companies like McKinsey, Boston Consulting, Deloitte, Bain, and Oliver Wyman are known for recruiting only the best of the best, with a deep understanding of business strategy being a common trait among their employees.

To succeed in this competitive field, professionals need to have a solid grasp of key business strategies and excellent communication skills. In 2019, these two factors are crucial in determining who gets hired in the management consulting sector. The global management consulting industry is currently valued at $133 billion, with global strategy consulting accounting for $31 billion of that total.

So, what does it take to break into this industry and land a job at a top consulting firm? According to research, there are several key skills that employers are looking for in potential candidates:

1. Good Education and Professional Certification: Having a strong educational background from a reputable institution is essential. Additionally, obtaining industry-recognized certifications can set you apart from other candidates and increase your chances of getting an interview.

2. Superlative Communicators: Effective communication is at the core of management consulting. It’s not just about being fluent in language; it’s also about understanding the nuances of communication, such as body language, vocal intonation, and empathy. Improving your communication skills can significantly boost your chances of success in this field.

3. Quick Adapters: In a constantly evolving business landscape, employers expect their consultants to adapt quickly to new methodologies, technologies, and frameworks. Being able to stay ahead of the curve and embrace change is crucial for success in the consulting industry.

4. Creative Minds: Thinking outside the box and coming up with innovative solutions is highly valued in the consulting industry. Employers are looking for candidates who can break away from traditional thinking and offer practical, creative solutions to complex problems.

5. Solution-Focused Decision Makers: Consulting is all about providing strategic solutions to business problems. Employers are seeking candidates who can make informed decisions, analyze data, and deliver results quickly and efficiently.

6. Deep Knowledge of Business Strategy: Understanding business strategy is the foundation of a successful career in management consulting. Professionals need to stay informed about the latest trends and insights in the industry and be able to provide long-term strategic solutions to clients.

If you aspire to become a management consultant, now is the time to pursue your dreams. Professional certifications in business strategy are available to help you qualify for prestigious consulting firms and advance your career. Don’t let anything hold you back from achieving your goals in this dynamic and rewarding industry.