Implementation to Strategy Consulting: Tips / is it worth it?

Fellow Monkeys,

I've occassionally followed WSO threads since university and there's been some good advice. I'm sensing a blocker and can do with thoughts from the consulting community/looping in with those in strategy consulting for a view.

I've been working in FS implementation consulting for nearly 3 years, focusing on 'transformation' projects. Mostly operational; think process optimisation, digital transformation / trading ops improvement roles. My work is delivery-orientated, working with clients to solve ops challenges on the ground.

Current concerns/blockers:

  • This is my first consulting role following an industry change at a junior level. At the time, I hadn't distinguished much between strategy/implementation consulting when applying, despite awareness of this. Partly as I was keen to switch industries sooner and knew this switch was hard enough. This was one of the first roles that came up and at the beginning, satisfied my desire to solve a greater variety of business problems which I lacked in my first role.

As time goes on:

  • I realise FS isn't the industry I'm the most interested in. The implementation side, or nature of projects I work on don't feel particularly innovative or forward-thinking. I routinely see the same operational and change management challenges that are very difficult to overcome with clients constantly playing catch up to try and innovate. I also crave a greater breadth of industry exposure.

  • Implementation experience has been invaluable in developing people skills, the ability to detect practical/real issues on the ground quickly and to turn around a large scale solution fast. However, I keep feeling something is 'missing'. It's the bigger picture i.e industry/market thinking and wider impact of my work on the organisation beyond than a given function/silo. I crave greater market knowledge (there's limited external research in my role) and deployment of such knowledge into recommendations. That would make me feel as if I'm growing more, beyond what is mostly hands-on, people skills development

In my role I've enjoyed interviewing clients to understand current and target state, unpicking the roots of their issues, and structuring a resolution that is proposed (and in my case, implementing it). I care a lot about impact. From my experience, implementation impact is direct and visible, but may not be as impactful as the original proposal which led to it. You're limited to key decisions already been made.

I've been reading about strategy consulting and am interested in people's experiences - whether that seems to address any of the gaps highlighted under the concerns.

I know this is a different skillset so I wanted to hear any stories of transitioning or proposed routes.

Furthermore, if anyone is able to connect for a further discussion on their role to get a better sense of how you find strategy consulting that would also be much appreciated.

 

Magni sit delectus ea. Laudantium laboriosam tempore fugit. Amet ut facere qui corporis esse aut.

Ut magnam dolorem animi dolor corporis. Nesciunt earum facilis est id voluptatibus quia. Illum modi debitis error doloremque qui est. Fugiat modi voluptate modi. Voluptatibus voluptatem dolorem dolorum consectetur.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

April 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

April 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

April 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (100) $226
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • Senior Consultant (331) $130
  • 3rd+ Year Associate (108) $130
  • Consultant (587) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (146) $115
  • Engineer (6) $114
  • 2nd Year Analyst (344) $103
  • Associate Consultant (166) $98
  • 1st Year Analyst (1048) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (552) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”