What is the difference between a generalist and a specialist role?

A “generalist” role is for those who would like to be engaged in a wide range of functions and sectors or practice areas.

On the other hand, a “specialist” role is for those who would like to focus or have experience in a particular function/industry. Specialists typically need to have an expertise or background in that function/industry before applying (not just an interest).

Once you are at the firm, the compensation, timeline for promotions, and training opportunities are similar for both generalists and specialists so you aren’t treated as “less of a consultant” if you are a specialist.