The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving 514: How to Select Consulting Specialization
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Jan 1, 2025 Consultants often grapple with choosing a specialization, and exploring diverse experiences can build essential problem-solving skills. The podcast emphasizes the need to avoid early specialization, advocating for a broad journey through various sectors. Analytical skills are essential, even in non-technical fields, making it vital for aspiring consultants to delve into different areas first. Valuable resources are shared to aid this exploration and help define a clear path in consulting careers.
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Consulting Specialization
- Define your consulting specialization around three areas: sector, type of work, and geography.
- For example, specialize in microfinance strategy within Southeast Asia.
Early Specialization
- In top consulting firms, initial specialization is limited, especially at McKinsey and BCG.
- They prioritize broad problem-solving skills development across various sectors and types of work.
Avoid Early Specialization
- Avoid early specialization to develop strong problem-solving skills first.
- Focusing on one area too soon can lead to over-reliance on industry knowledge instead of core skills.