India is a rapidly growing economy with a large and diverse market. This has made it a hotbed for strategy consulting, as businesses of all sizes look for help in navigating the complex Indian landscape.

So are you looking to get into a strategy consultant role? But with so many different firms to choose from, how do you know which one is right for you?

In this blog, we will take a look at the top three strategy consultant firms in India: 

McKinsey & Company, Boston Consulting Group, and Bain & Company. We will discuss why you should opt for these companies, the salaries offered, and the skills needed to become a strategy consultant.

McKinsey & Company

McKinsey & Company is like the superhero of strategy consultants. They've been around forever, well, since 1926, and they know their stuff. McKinsey has offices in Mumbai, Delhi, and Bengaluru, making them easy to reach for Indian businesses.

Why McKinsey?

They know almost everything about different industries like technology, healthcare, and finance.

McKinsey is famous for its creative solutions and for the use of data to solve problems.

You can find lots of helpful reports and papers on their website about business in India and around the world.

Salary Offered: McKinsey & Company: The average salary for a strategy consultant at McKinsey & Company in India ranges from ₹13.5 lakhs to ₹60 lakhs per year, with an average of ₹37 lakhs per year.

Follow the link to apply at McKinsey.

Boston Consulting Group (BCG)

BCG, short for Boston Consulting Group, is another big name in the world of strategy consulting. They started in 1963 and have a reputation for being really good at making smart strategies that help businesses grow.

Why BCG?

They're like wizards when it comes to creating strategies for business growth.

BCG helps companies use cool tech stuff to become more competitive.

With offices all over the world, they have access to loads of global knowledge.

Salary Offered: Boston Consulting Group (BCG): The average salary for a strategy consultant at BCG in India ranges from ₹27.3 lakhs to ₹58.4 lakhs per year, with an average of ₹35.2 lakhs per year.

Follow the link to apply at BCG.

Bain & Company

Bain & Company might not be as old as the other two (they started in 1973), but they're still one of the best in the business. They have offices in major Indian cities and a reputation for really focusing on their clients.

Why Bain & Company?

They're all about making sure their clients get real results by solving their unique problems.

If you're into the finance world, they're known for their private equity consulting.

Bain likes to make sure the growth they help with is sustainable, so it lasts a long time.

Salary Offered: The average salary for a strategy consultant at Bain & Company in India ranges from ₹30 lakhs to ₹65 lakhs per year, with an average of ₹52.6 lakhs per year.

Follow the link to apply at Bain & Company.

Skills required to become a Strategy Consultant

The skills required to become a strategy consultant:

  • Analytical skills: Strategy consultants need to be able to gather and analyze data, identify patterns, and make informed recommendations. They should be comfortable with using statistical software and have a strong understanding of quantitative methods.
  • Problem-solving skills: Strategy consultants need to be able to think critically and creatively to solve complex problems. They should be able to identify the root cause of a problem and develop solutions that are both feasible and effective.
  • Communication skills: Strategy consultants need to be able to communicate their ideas clearly and concisely to a variety of audiences. They should be able to write reports, give presentations, and facilitate workshops.
  • Interpersonal skills: Strategy consultants need to be able to build relationships with clients and colleagues. They should be able to listen effectively, build trust, and persuade others.
  • Teamwork skills: Strategy consultants often work on projects as part of a team. They should be able to collaborate effectively with others, share ideas, and compromise.
  • Leadership skills: Strategy consultants may be called upon to lead projects or teams. They should be able to motivate and inspire others, set clear goals, and delegate tasks.
  • Problem-solving skills: Strategy consultants need to be able to identify and solve problems in a variety of contexts. They should be able to think creatively and come up with innovative solutions.
  • Adaptability: Strategy consultants need to be able to adapt to new situations and challenges. They should be able to learn quickly and be willing to take risks.
  • Travel: Strategy consultants often travel to meet with clients and conduct research. They should be comfortable traveling and working in different cultures.

Also if you are looking for more such job opportunities, apply here.