A degree in business administration, marketing, economics, engineering, or a similar area is often the minimum requirement for becoming a business consultant. Top business consulting firms often require a master's degree. The best consulting specializations include business administration, accounting, finance, economics, management, marketing, law, and public relations. Students who choose these specializations learn to analyze data, create reports, and develop strategies.
While most of these specializations will help you with critical thinking and problem solving, each of them is unique in how it can benefit your consulting career. Read on to see the overlap and unique benefits of each specialty. Many students dream of earning a place at McKinsey, Bain or BCG. Collectively known as the Big 3, these firms are perhaps the world's leading management consulting groups.
The 4 large professional services companies (PwC, Deloitte, KPMG and EY) are also important players in the consulting field, together with Accenture and Capgemini. Here in Australia, Nous Group, Kearney, L, E, K. However, many management consulting graduates come from certain academic backgrounds. According to our survey of 447 graduates working in this field, more than 50 percent studied engineering or computer science, and business-focused degrees are also common.
The most common degree fields for recent graduates working in management consulting, according to our survey of 447 management consulting graduates. Photo by ThisIsEngineering RaEng on Unsplash As an engineering student, a big part of what you do is learn to adopt a structured and logical approach to solving difficult and often ill-defined problems. Practically a perfect skill set to take you to the business world. At school, you can study how to build a bridge or design a computer chip.
But that same kind of rigorous and methodical thinking is just as useful when applied to organizations. Your engineering experience will help you study a company's processes and find a way to make them more efficient, or to understand how a change in one part of the company could improve operations elsewhere. It's not surprising, perhaps, that nearly a third of management consulting graduates have an engineering degree. A graduate we surveyed works at Partners in Performance and specialized in civil engineering.
Appreciate the doors that have been opened to him. A law graduate who now has a job at Nous Group has found that the position is a good fit. He points out that “our work focuses one hundred percent on solving the most challenging client problems and on delivering real and sustainable results”, and that even “young consultants” enjoy a high degree of autonomy and client-facing opportunities. Terminal grade levels for new employees in management consulting, according to our survey of 447 graduates working in the field.
After being admitted to the university of your choice, you must take and pass certain core business and general education courses in order to formally enroll in the university's business faculty. Almost every company can use the experience of a management consultant at some point in their life cycle. Business administration students are well suited to management consulting careers because they learn to manage people and resources. The Master of Business Administration (MBA) is the most popular degree used by people who change careers to move to the professional field of management consulting.
In addition to earning a degree in one of the programs listed, you'll want to do internships to gain work experience and consider becoming a certified management consultant through the U.S. Institute of Management Consultants. UU. MBA graduates bring leadership and extensive knowledge about the most common business areas to management consulting projects.
Students often must complete a college level business foundations course before enrolling in the business school of their choice as a finance major. Accounting students take a wide variety of specialized business courses that prepare them for certification as accountants and for working as management consultants. Many of these specialized management consultants have university degrees in specific areas and advanced degrees in business administration. However, you can be sure that a business administration student will take courses on management information systems, marketing, human resources, and business law during their academic term.
Management encompasses everything from business administration to human resources, and is a good consulting specialty because it teaches how to manage people, projects and organizations. Business administration programs teach students how to manage people, finances, operations, and other areas of a business. .