Month: January 2021

2021 Consulting Salaries Analysis

Because 2020 was a disruptive year for business around the world, we expected to see disruption in consulting salaries. We were not disappointed. At both the pre-MBA and post-MBA entry levels, 2021 consulting salaries remained steady on average, and in many cases, unchanged from 2020. This is remarkable for 2 reasons: The decade-long winning streak…

Unit Economics: What Is It?

Unit economics has become such a buzzword in the world of management consulting that it almost seems passé. Today's era is of highly publicized yet unprofitable startups raising tens or hundreds of millions of dollars. Their presumption is that they will bend toward profitability with scale, making mastering unit economics more necessary than ever. This…

Overcoming Imposter Syndrome & Nailing the Interview

Imposter Syndrome is a very real challenge to many, especially in situations like interviews. Overcoming Imposter Syndrome is about positioning yourself to be able to do your best, not allowing triggers to diminish your chances of success. Learn what Imposter Syndrome is here, and be able to recognize if this sneaky issue is affecting your…

KPI: How to Use Key Performance Indicators

KPI, which stands for Key Performance Indicator, is an acronym you’ve almost certainly heard bandied about by people working in or studying management. But if you’ve never had a specific reason to investigate what KPIs are, it’s likely you’re unfamiliar with the meaning of the term. If you hope to have a career in management,…

Interpersonal Communication: What Is It?

Interpersonal communication is one of those concepts that sounds so self-explanatory that it’s easy not to take a deeper look at what it is. But having an underdeveloped sense of interpersonal communication puts you at a disadvantage. The fact that we all communicate with each other in certain obvious ways—speech, body language, text, etc.—obscures just…

Forming Storming Norming Performing: Team Development

Forming storming norming performing is one of the most influential ideas in the study of team development. Its less catchy title is the Tuckman framework, which studies how groups develop and deepen. The heightened interest in team development is taking place not just in the academic and research communities.  The business world has also acknowledged…

What Is Creative Thinking?

What is creative thinking and why does it matter? In today’s constantly evolving world, people who can think creatively are highly sought after. They have an innate ability to see things through a different lens. They can see patterns and make connections that others cannot. They are flexible and can pivot when change inevitably comes…

Critical Path Method: Project Management Essentials

The critical path method is a project management tool that documents the many critical steps of a project and the longest period of time that is required to successfully complete it. The critical path method also identifies if a delay in any step of the project will impact the final project delivery date. What Is…

Top Political Consulting Firms

Ever wondered who the strategists behind political campaigns are? The ones who create compelling television advertisements, distribute direct mail, navigate the spin room, and manage many other details of a campaign? These strategists are political consultants. Like management consultants, their positions involve intensive research and data analysis. However, instead of simply giving a recommendation, political…

Leader vs Manager: A Difference of Purpose

The comparison of a leader vs. a manager might seem like a distinction without a difference. Indeed, many of us use these two terms interchangeably, as if the two roles have identical functions. However, the difference between a leader and a manager is more than mere semantics. You’re unlikely to find someone who has actually…