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Develop Essential Skillset for Strategy Consulting

A growing number of individuals are interested in pursuing a career in Strategy and M&A advisory and consequently the standard demanded by leading consulting and advisory practices has risen over recent years. Successful consultants must be best-in-class across the following skill sets:
Essential skillset for Strategy Consulting
  • Impeccable researching skills (desk research, telephone interviewing and face-to-face)
  • Outstanding analytical and syntheses skills (e.g. the ability to delve into deep data analysis and then synthesise the key messages / "so whats")
  • Excellent written communication (to produce word and powerpoint reports)
  • Strong PowerPoint presentation creation (essential for developing client presentation packs late at night!)
  • Commitment to delivering excellent client service (i.e. the desire to put in the long hours when you have to ensure a quality deliverable for the client)
  • Excellent verbal communication skills (e.g. being able to communicate in a structured manner during internal and external meetings)
  • Excellent team skills- successful consultants are able to work in diverse teams, under tight deadlines, to deliver quality work for clients
  • Highly organised - days may include various activities.  The ability to schedule and follow through with these activities is vital
  • Sales skills - consulting is a business, selling your tallents and your product is a skill that should be developed during the early part of your career (and you need to be able to sell your client's product)
  • Objectivity - lack of bias when working with others to deliver robust independent insights
Typical Consulting Sector Practices
In addition to the above skill sets, it is increasingly becoming important for consultants to develop deep sector experience within one or two industry verticals.  Typically, consulting firms are split into the following broad practice areas:
  • Financial services: banking and insurance
  • Healthcare and pharmaceuticals, including biotechnology
  • Manufacturing: aerospace, automotive, electrical and electronic engineering, industrial components, heavy process industries (including steel)
  • Media and telecommunications: media and entertainment, telecommunications, internet, computing, electronics, technology
  • Natural resources: utilities, gas, mining, oil, electricity, chemicals, renewable energy providers
  • Public sector: central government, local government, public sector bodies, educational institutions, charities and not-for-profit organisations
  • Retail, consumer goods, transport, hospitality and leisure

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