So if you are one of those who are honest enough to accept that you haven’t yet zeroed in on any specific career path, then you may think of doing some challenging yet fulfilling work along with substantial money before you decide what your calling is then you are on the right page.
When we think of Management Consultancy , we think of Big 4 firms like Boston Consulting Group (BCG), McKinsey, Bain and Company & Booz and Company.
There are also some firms apart from these big 4 firms. Checkout other firms here
These firms also offer diverse & challenging work.
I was reading this book a couple of years back to get the perspective on consulting, “The McKinsey Way”
This is a funny thing I like to quote from this book which explains the exact reason why consultants are needed.
“Business problem solving is organic and complex, like medicine. A patient will come into a doctor’s office and say that he thinks he has the flu. He will tell the doctor about his symptoms: scratchy throat, achy head, and runny nose. The doctor will not immediately trust the patient’s conclusion. She will take the patient’s history, ask some probing questions, and then make her diagnosis. The patient may have the flu, or a cold, or something more serious, but the doctor will not rely on the patient to diagnose himself.”
Consultants are mainly expected to bring third part perspective. For some companies, after years of operation, it’s understandable that their focus or vision becomes narrow.
If you want to understand basic level problems asked in interview, I would suggest you to look at this book
This is five part series, read each and every book to get your basics clear. ( I have read it all of them, it gives you standard approach to tackle any basic problem, BTW, when you are working with big companies, your life may not be a cakewalk but for that there are other resources)
Sometimes , consultants are called to execute unpleasant plans like layoffs.
If you are a consultant, then get ready to travel more. Get ready to spend 12-14 hours at office or client’s place.Forget about personal and social life.
Well, the payoffs are huge. You get chance to travel to some great locations, rubbing shoulders with Top executives, travel business class.
The salaries of consultants are much higher than other industries (except investment banking).
Nobody sticks to one company for a long time.Many a times, when you join Management Consultancy firms these people want you to quit after say2-3 years. Why ? Because they want you to go to Ivy League School, complete your MBA, expand your network and return , equipped with more knowledge and ability to bring more business to them through your Alumni Network.
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