Career as Management Consultant

Early Salary

5 - 6 L

Mid Salary

8 - 10 L

Senior Salary

18 - 25 L

Academic Pressure

Medium

Job Pressure

High

Management consultants analyse a company and its strategies. They advise the business on how to improve its performance, reduce costs, and grow. They can be found in almost any business, and many consultants are self employed.

What do they do?

If you enjoy looking at how businesses work- the structure, strategy, management and operations- then you may want to consider a career in management consultancy.

A management consultant helps a business improve its performance and grow by finding more efficient way of doing things, and solving problems.

 

They help organisations develop their services, reduce costs and make savings. Consultancy services can be found across all areas of business, from Marketing and IT to Finance.

Skills Needed

●       Ability to work in a team

●       Good communication skills

●       Creative and innovative mind

●       Ability to solve problems and plan strategically

●       Good analytical skills

●       Flexible

●       Ability to work under pressure

 

How do I get there?

Most employers value someone who has done a degree in one of the following subjects:

●       Mathematics

●       Science

●       Business

●       Economics

●       Finance

Some employers value an MBA, but it is not an essential.

Pros & Cons about this career

As a Management consultant, you get to meet a large number of people and establish a large network of contacts. Solving the various challenges can be a rewarding experience, and the sizable paycheck doesn’t hurt either.

You will have to travel to each of your clients, work long hours and have to handle a lot of stress. Family time will be rare, and the work can take a large toll on you.

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