An Overview of Management Consulting Industry

Management Consulting Industry Primer

Management Consultants seem to have a habit of appearing anywhere you look. They advise some of the biggest multinational enterprises, non-profits, and even governments. And yet, what consultants actually do is a mystery to many of us. We’ve all heard vague answers like "consultants are doctors for sick businesses" or "consultants are problem solvers who solve tough challenges."

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So we (a team of former management consultants) built this Primer to clear up the industry once and for all. We’ll cover the various types of projects consultants do, the types of firms, how firms are organized, firm economics, and the major trends to expect.

Course: 7 Chapters

Est. time: 45 mins

What's Covered In This Primer?

Introduction

Services

The Consulting Toolkit

Market Landscape

Organization

Economics

Trends

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Chapter 1 Breakdown

What really is management consulting?

Chapter 2 Breakdown

What types of problems do management consultants help solve?

Chapter 3 Breakdown

What common approaches and ways of working do management consultants use?

Chapter 4 Breakdown

What are the common types of management consulting firms?

Chapter 5 Breakdown

How are management consulting firms organized?

Chapter 6 Breakdown

What are a management consulting firm's key revenue and cost drivers?

Chapter 7 Breakdown

What trends are likely to impact the industry in the coming 3-5 years?

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Management Consulting Industry Trends

Project types

Generally, firms are responsive to broader industry trends. Current longer term trends impacting project work include AI (Artificial Intelligence), ESG (Environmental, Social, and Governance), and workforce transformation.

More specialized business units

Consulting firms are establishing or acquiring units with specialized skills, such as creative marketing, branding, digital specialization and product design & build.

Partnerships with tech companies

Close collaborations with technology providers (e.g., Oracle, Microsoft, Amazon Web Services) to provide unified market offerings combining consulting strategy and tech implementation

How Our Management Consulting Industry Primer Can Help

Build A Foundation

Go from newbie to knowledgeable in under an hour! Our primers break down the essentials of an entire industry - products, trends, terminology, and more - into a concise, easy-to-digest format. Gain the knowledge you need quickly, so you can hit the ground running with confidence and clarity.

Boost Your Credibility & Confidence

Stand out when it counts! Our primers are packed with industry insights, allowing you to navigate professional conversations with greater confidence and leave a lasting impression. With a solid foundation in industry knowledge, you'll feel prepared for any client conversation that comes your way.

Gain Competitive Edge

Nothing beats knowing! Our primers are concise but we never skimp on insights. Staying up-to-date on industry challenges, opportunities, and trends empowers business leaders to make informed strategic decisions and maintain a competitive edge.

Primed for Success

Trustworthy insights, sourced from subject matter experts

Organized and streamlined into digestible lessons

Presented in binge-worthy videos that learners love

Testimonials

The videos were informative and highlighted key features of consulting. I was able to grasp a lot of information and enhance my understanding of how consulting operates.

- Consultant

It was planned with time in mind. Nothing was repetitive, it got to the point and was valued information.

- Management Consultant

This training was extremely well-done. It presented the information in a clear, concise way with great visuals.

- SaaS Sales Professional

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Frequently Asked Questions

What is a primer?

Think of a primer as your quick-start guide to understanding the landscape of an industry (such as Investment Banking, Renewable Energy, Retail, etc.).

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Industry information is readily available but Googling can lead you down a rabbit hole of scattered, inconsistent and text-heavy resources - leaving a fragmented picture of the industry. And this content can miss the mark: they’re either too long and full of extraneous details, making it tough for beginners to find what they need, or too short, leaving out critical detail.

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Primerli is changing this! All our primers are presented in a concise, engaging format, covering everything you need to know in binge-worthy videos.

Who are the primers intended for?

Primers are perfect for anyone looking to understand an industry, fast. Whether you’re a consultant preparing for a case in telecom; a salesperson hoping to make headway with a big pharmaceutical customer, or a student preparing for their first job interview, primers are the prep step that enables success.

How long does it take to complete a primer?

A full primer takes less than an hour. We pack tons of insights into each primer collection of bite-sized, binge-worthy videos that you can watch anytime, anywhere. Perfect for busy schedules - because learning shouldn’t take forever.

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And for industry aficionados, our primers are split into sections so you can bypass the introductory info and stay up-to-date on trends or brush up on terminology in less than 10 minutes.

What topics does the primer cover?

Each industry primer covers the essentials: key trends, terminology, value chain, economics, and products & services. But some of our technology and functional topic primers include additional sections to make sure all the critical information is covered and each primer is comprehensive.

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