What is Management consulting?
They are Business consultants and you should be having the following qualilties to become a management consultant. I suggest you read this Top Management consultants in India.
- Knowledge about different topics
- Highly networking personality. You should have connections in the industry.
- Effective Communication plays a major role in your career.
- Entrepreneurial flair
- Management Skills.
McKinsey, Mercer, Accenture, Monitor…Are they all the same?
Here is the segmentation of management consulting firms.
What do management consultants do?
The answer for this is very brief actually.
- Networking
- Meetings
- Use PowerPoint and Excel
You will be given gadgets as.
- Blackberry
- Laptops
Things you need to do as management consultants
- Client meetings
- Team (internal) meetings
- Data gathering and analysis.
- PowerPoint presentations.
- Conference calls.
- Traveling (a lot)
You need to be very good on analytically as you need to churn a lot of data to consult clients. To come to answers of problems faced by clients you need to have insights and you should be able to analyse situations. You need to give everything in numbers and then explain it to your clients.
You may have one of these as your goal.
- Minimize Costs
- Maximize Revenues
- Devise Strategy
- Solution to a problem.
- Vision for clients future goals.
- Investment in a sector, country etc.
What do you think about this job profile after MBA?
