Overview of MBA CONSULTING
MBA COSULTING is one of the most varied courses for an MBA GRADUATE. It will prepare you for handling business risks regarding decision making process. Top consultancy firms hire a large number of MBA Graduates directly affecting the employment level. Candidates have deep business insights.
Specific consulting skills developed in an MBA include- tactics to solve business problems, communication skills at all levels including departments, platforms and media. You are actually trained in a way to have strategic skills. Moreover presentation skills along with analysis of business situations and issues can be easily handled. It will help you in building your own unique style.
|NAME OF COLLEGE||AVERAGE GMAT SCORE||RANKINGS|
|INDIAN INSTITUTE OF MANAGEMENT (IIM)- AHMEDABAD|| |
|LONDON BUSINESS SCHOOL||698||5|
|INDIAN INSTITUTE OF MANAGEMENT BANGALORE|| |
|UNIVERSITY OF CAMBRIDGE||680||24|
|INDIAN SCHOOL OF BUSINESS||709||19|
|UNIVERSITY OF OXFORD||698||20|
Typically an MBA Graduate will start at general level. Things like working on excel, building Excel Model, Interviews conducted at different levels. Moreover PowerPoint presentations that has to be made while some project analysis has to be conveyed. A lot of MBA Students are career changers so they get this work at initial level.
WHY COMPANIES ARE FAVOURING MOST INSEAD GRADUATES FOR CONSULTING ROLES?
Big companies which include – Mckinsey, Bain and Accenture are our biggest recruiters in terms of Insead.
WHAT ARE SOME OF THE BIGGEST MISCONCEPTIONS FOR THE PEOPLE WORKING IN CONSULTANCY ROLES?
Consultancy is a competitive area and demands lot of homework. For some people it is just making PowerPoint slide work or working in Excel but if you have gained some experience you can start working as a Manager. It is an apprenticeship model – “efforts are directly linked to rewards”. It is more common start for the bottom level and gradually makes a rise with maximum efforts and thorough knowledge of each aspect.
WHICH BUSINESS SCHOOL WILL PREPARE YOU WELL FOR CONSULTANCY MBA AS A CAREER?
Business school that can give premium and thorough knowledge on the core subjects like STRATEGY, MARKETING AND ORGANISATIONAL STRUCTURE. These main 3 Subjects form the base and hence their knowledge is definitely required.
WHICH SKILLS ARE CONSULTANCY FIRMS LOOKING FOR? HOW CAN MBA GRADUATE DEVELOP THESE SKILLS?
It is very evident that the firm will look for a candidate who masters quants. Leadership style is also required. This is because you have to be in constant touch with senior and junior level staff. You have to be demonstrative, easily can present ideas facts and should be appealing.
Several kinds of people are required and hence effective communication is essentially important. In addition to this “team work” is also important. This is because consultancy is all about NETWORKS (working in groups).
Environment is dynamic and they will try to influence you. You have to express your ideas well. Collaborative style of working is all that CONSULTING WORK demands for. In a nutshell it can be said as it is a cooperative approach blend with features of AMBITION.
IS THERE ANY ADDITIONAL REQUIREMENT BEFORE APPLYING FOR CONSULTANCY JOB?
Motivation has to be the first element in the priority list. It demands your time and efforts. Full dedication is expected from the candidate to meet the deadlines.
THIS FIELD IS GROWING AT A TREMONDOUS RATE. ALL THAT IT REQUIRE IS – MOTIVATION AND LEADERSHIP QUALITY!!
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