7/14/10

Doing MBA research and a lot of schools break 'management' and 'strategy' consulting into two distinct categories in employment reports. Clearly the majority show MBB as 'management' consulting, but there are also some listing strategy. What are the differences between the two?

Comments (36)

7/15/10

I don't think there is any difference.

The main types of consulting is management/strategy and IT/technology. With the former being more prestigious.

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7/15/10

Does MBB not have IT/tech departments though? Where do these come into play?

7/15/10

strategy is a function

operations, corporate finance, organization, technology; these are all functions

management consulting is just a more generic term

my personal view anyways...

7/15/10

I asked a Bain partner this once
he said same difference

7/15/10

A square is always a rectangle, but a rectangle is not always a square.

Square = strategy consulting
Rectangle = management consulting

7/21/10

Hello

Management- Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.

Because organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a pre-requisite to attempting to manage others

STRATEGY- Strategy, a word of military origin, refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics, which are concerned with the conduct of an engagement, while strategy is concerned with how different engagements are linked. How a battle is fought is a matter of tactics: the terms and conditions that it is fought on and whether it should be fought at all is a matter of strategy, which is part of the four levels of warfare: political goals or grand strategy, strategy, operations, and tactics.

Hope this helps
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1/6/14

Strategy Consulting is a specific function of management consulting services firms. Go to McKinsey's website, and look under "Functions". You'll see one category labeled "Strategy". However, you'll also see functions such as: corporate finance,Marketing,Operations,Risk etc.

Management consultancy is considered to be amongst the most interesting, intellectually stimulating and potentially financially rewarding work available in the professional services market, and as a consequence is highly sought after by job seekers, many of whom come from an accounting background.

Yesenia Cuddy
management consulting services
KPMG

1/6/14

Yesenia-Cuddy:

Strategy Consulting is a specific function of management consulting services firms. Go to McKinsey's website, and look under "Functions". You'll see one category labeled "Strategy". However, you'll also see functions such as: corporate finance,Marketing,Operations,Risk etc.

Management consultancy is considered to be amongst the most interesting, intellectually stimulating and potentially financially rewarding work available in the professional services market, and as a consequence is highly sought after by job seekers, many of whom come from an accounting background.

Yesenia Cuddy

management consulting services

KPMG

well that was a pretty shameless plug.

1/7/14

KPMG -- only the best

2/4/16

Business strategy consultants, sometimes called management consultants and analysts, evaluate and transform business models for public and private organizations in order to improve organizational effectiveness, expand the business, or increase profits.

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2/4/16

The difference it's a bit subtle but there go mi 2 cents:

Strategy consulting is first and foremost a functional practice embedded in management consulting, second, my point is that strategy consulting refers to how you do in your industry, how you can draw inner market forces to gain an edge and how you compete against your competitors, namely:

- M&A Strategy
- Marketing Strategy: how your product relates to that of your competitors, namely channel, pricing and customer experience
- Corporate Strategy: including growth, Market positioning, portfolio strategy (how you spend your budget across different business units, identifying your growth engine)

Management Consulting involves other funtional practices like Risk, Operations, Finance and broadly speaking is much more related to process improvement.

2/4/16

1. Corp strat is for people that couldn't make it into MBB or Banking
2. There is no such thing as a top 5 consulting firm, there's MBB and then there's the rest
3. By process of elimination of 1 and 2, you should do banking

Exit ops:

Banking >= MBB > corp strat > other consulting

2/4/16

That seams a bit harsh. Why is corporate strategy thought of as for people who didnt make it to MBB or Banking? Im not trying to toot my own horn here or anything, but as far as numbers go, they take 1-2 candidates a year from only the top 5 undergrad institutions, while banks and MBB hire more than 10 candidates a year from at least 10 different schools.

Also what do you mean there is nothing outside of MBB, isn't Booz & Co pretty good?

2/4/16

He didn't mention that he got a banking offer so that may not be a choice. And because you said "top 5" consulting firm, I guess its not MBB. I would do the Corporate Strategy. Is it a rotational program? And Congrats on landing the job!!

2/4/16

Corp strat is not universally worse than banking or consulting. Disney, in particular, has a very prestigious corp strat program that has better exit opps than most i-banks. Many of their analysts go to top b-schools and top PE firms.

2/4/16

How is it viewed in the industry?

2/4/16

Disney corp strategy, business development, and technology is very highly regarded, ultra prestigious. It's essentially a role that combines strategy consulting and M&A banking. Very good training, very good exit opps.

2/4/16

Also if you are in Google's RAMP program I would definitely consider doing that over banking or consulting. I would say corporate strategy on the whole is not as good as MMB or banking, but at a top few places, Google or Disney, it's the best option if your interested in the tech or media industry.

2/4/16

Assuming it is Disney, which from your initial description was what it sounded like, and which is probably the most prestigious corp strategy option, that is a very strong option. Bearing in mind you said "Top 5" consulting, I'll assume it's Booz, and Disney is definitely better than Booz. Since you didn't mention a banking offer, I'd take the Disney spot.

2/4/16

Hey,

It really depends on where you want to go and what you see yourself doing. The CSA position sounds very exclusive and prestigious but that maybe because it isn't broad. I am assuming you'll be studying the business and re-assessing their market strategies with respect to competitors. It sounds like a cool job but again, they will always have more bankers, and they'll make more money cuz they bring in the revenue.

2/4/16

Please don't hijack threads

2/4/16

after your first 2-3 years, will you lean more towards PE or grad school?

2/4/16

Not Quite Sure - just trying to keep as many options open as possible, learn a lot and have a life (ie. not work 80-100 hours a week)

2/4/16

.

2/4/16

I've a feeling that the consulting firm is Deloitte

2/4/16

Deloitte isn't top 5. Deloitte is mediocre.

MBB are the best broadly across sectors, but other firms are just as strong or stronger in single sectors. OW FS for example is on par with M and better than BB.

I think corporate strategy can be a great path to senior roles on the buy-side, but I don't think it has the breadth of exit opps that consultancy/banking do.

2/4/16

No advice for you (wtf is a "top 5 consulting company"), but I did want to say that I loved your work in full house. Uncle Jesse is the fucking man.

2/4/16

What do you mean wtf is a top 5 consulting company, there are other firms outside of the MBB riiight? And thank, I do pride myself on a my child rearing abilities. And my hair looks pretty good too

2/4/16

ignore ^

2/4/16

What's a troll?

2/4/16

I'm pretty new to the board, and all this lingo...

2/4/16

(According to the people on this board) there is no such thing as a top 5 consulting company, because there is MBB and then there is everyone else. Your saying "top 5" suggests your offer is not MBB, which means you're taking a second-tier consulting firm and trying to lump it into the top. This makes no sense, because there is a big gap between MBB and everyone else.

I'm curious what the other two firms are. Booz? Oliver Wyman? Hopefully you don't mean ATK, ACN or Deloitte.

2/4/16
2/4/16
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