MBA In Consultancy Management-Most Aspired Stream in MBA? I want to pursue MBA after my graduation and I want to know about What is MBA in Consultancy Management or MBA in Consulting? What is the scope of Consultancy Management and how much salary I can accept if I take this MBA Specialization and what are the subjects in MBA in Consultancy?
Here in this article, you will know about MBA in Consultancy Management, career prospectus, scope, jobs in MBA consultancy, Admission process, Top Recruiters and Top 10 business school and Eligibility process.
If You have decided to do this specialization then head over the last section of the article where you will know about how can you build your resume in respect to keeping this specialization in focus.
MBA in Consultancy Management - Introduction
Basically in simple terms, you have to provide solutions to the problem your client or any company is facing, you will be responsible for solving and giving them advice regarding the internal as well as external.
Top Consulting Firms hire more MBA graduates than any other type of employee and students here to work on many different projects within the span of every 3 to 4 months they get different clients and it is a type of job where you have to travel a lot from one country to another country within a year.
You will spend your 200 days in a hotel and the rest of the days in your own house and perks in that job is really high you will be getting many complimentary benefits apart from your salary.
Main Functions of MBA In Consultancy Management -
- Permanently Improving Organizational Effectiveness
- Providing information to Client
- Solving Client Problems
- Making a Diagnosis and making recommendation based on that diagnosis
- Assisting with the implementation of a given solution
- Facilitating client learning
Skill Set Required - MBA In Consultancy Management -
Specific Consulting skills developed in an MBA includes -
- Business Problem Solving
- Communication Skills across industries, media and department
- Presentation Skills
- Corporate Strategy Skills
- Analysis of business situations and issues
Consulting Management Scope -
It is a high salary giving jobs with some extra perks as well, you can get a great amount of package while working in any sector and in any country around the world if you have a good amount of real-life practical skills.
It is a 2-year degree program and after completing from a well-known business school you can apply for various positions that include in this degree and get a good-paying job and what you will be doing as to advise the big company to carry their business efficiently
There are various position you can apply for in a company which includes, IT consultant, Financial Consultant, Human Resource Consultant, General Consultant, and many other relevant jobs position which we will talk in brief later.
Career and jobs in MBA In Consultancy Management-
Let us talk about the working area where you will be working after you complete your graduation from your business school, after studies the various topics in your 2-year degree program you will have wide choice to go for such as -
- Strategy Consultant- The term is used to describe consultants who operate at the highest level of the consultancy market, with focus on strategic topics like corporate and organisational strategy, economic policy, and functional strategy.
- Management Consultant- Management Consulting is a collective term used for all services that fall under strategy consulting, operations consulting and HR consulting. For all the reasons, management consultants from the vast majority in the advisory branch - more then half of all advisers can be defined as a management consultant.
- Operations Consultant- they are who help clients to improve the performance of there operations, Consultancy activities in this segment vary from advisory services to hands-on implementation support, for both primary functions like sales, marketing and secondary functions like finance HR etc.
- Financial Advisory Consultant - The profiles of consultants active in this segment can differ greatly, from M&A and corporate finance advisers risk management, tax, or real estate consultant.
- Human Resource Consultant - Chief topics central to the job description of HR Consultants are, among others, organisational changes, change management, terms of employment, learning and development. HR Consultant are also bought by an organisation to help transform the business culture within there organisation or transform their HR department.
- IT Consultant - Technology Consultant are also known as IT Consultant or Digital Consultant, focus on helping clients with the development and application of IT within there organisation, Within IT Consulting, the fastest-growing markets are digital, data analytics, cybersecurity and IT forensics.
TOP Recruiters in MBA In Consultancy Management -
- IBM
- Accenture
- Deloitte
- KPMG
- Argon Consultancy
- AT Kearney
- Baringa
- PWC
- BAIN & Company
- McKinesy& Company
- Boston Consultancy Group
How Much Salary to accept in MBA In Consultancy Management -
MBA In Consultancy Management is most highly paid sectors in any country you go for a job. it is a very good paying job but the salary which you will get will depend upon various factors such as -
- Size and location of your Company
- Your skills
- Post of employment
- The college in which you are
- Corporate knowledge and Real-life mindset
If you are in the topmost business school which have an excellent placement record or famous for finance and a very good corporate relationship then there are high chances that you will get a decent amount of package.
But if you are in college that has not a good placement record or not famous in the finance sector and not even in the top 20 or 30 list of the business school in your country then it will be difficult and you will struggle for a good amount of package.
It is not also like that if you are in a top college that guarantees a 100% placement record as it depends only up to your skills and knowledge, the more you have real-life skill and a practical mindset approach the more is the chances that you will get a good handsome package in the average college also.
Salary varies at every business school but if I tell you minimum and maximum that you can get is around minimum 10-12 LPA to maximum 20- 22 LPA if you are going to a decent business school which I will tell you later In the article.
What are the Subjects in MBA In Consultancy Management-
It includes various practical life subjects that you will be learning in the classroom of your college and with it, you will be working upon various live projects also to understand the subjects well in the 2 year of this course.
When you will complete the 1 year of your degree then you will be going for a summer internships in various top companies related to your subjects and you will be working upon various projects there to get a practical and corporate experience which will be very helpful for your future
You can get an opportunity of pre-placement in the internships if your work was up to the mark and exceptional with a good amount of package in your initial year and after it will be followed by a seminar at the end or middle of your second year.
So what are the subjects in 1 year of your MBA in consultancy management course -
- Accounting
- Finance
- HR
- Marketing
- IT
- It includes all the basic and general subjects.
so after completing the 1 year where you will be reading about the subjects which are common to all and which you have studies in your commerce graduation also.
After the completion of 1 year its time for summer internships in the business school where you will be going in a company to work on their projects and helping them in their work which plays a very crucial part in your whole 2 years of this and is a must-do for everyone, never ever miss out from this opportunity.
So after this what will you study in your second year -
- Leadership & Managing change
- Supply Chain Management
- Business Process Analysis
- Enterprise Resource Planning
- Consulting & People Skills
- Operations Management
- Project Management
- Strategic Change Management
- Consultancy Practice
- Quantitative Methods
- Managerial Economics
Also read -
- What is Mba in HR? Scope, Salary, Subject, Admission, Top College etc
Top 10 MBA College
Location- Ahmadabad
Admission- CAT Score,GD- PI, WAT (WORK EX) - Optional
Placement- 24-25 LPA
2)- Name - Indian Institute of Management (Bangalore) (IIM-B)
Location- Bangalore
Admission- CAT Score,GD- PI, WAT (WORK EX) - Optional
Placement--23-24 LPA
3)- Name -Indian Institute of Manangement (Calcutta) (IIM-C)
Location- Calcutta
Admission- CAT Score, GD-PI, WAT (WORK EX) - Optional
Placement- 21-22 LPA
4)- Name - International Management Institute (New Delhi) (IMI)
Location- New Delhi
Admission- CAT Score, GD- PI, WAT (WORK EX) - Optional
Placement- 19-20 LPA
5)- Name -Indian Institute of Manangement (Lucknow) (IIM-L)
Location-Lucknow
Admission- CAT Score,GD- PI, WAT (WORK EX) - Optional
Placement- 19-20 LPA
6)- Name -- FMS (DELHI)
Location- Delhi
Admission- CAT Score, GD-PI, WAT (WORK EX) - Optional
Placement- 18-19 LPA
7)- Name -SIBM (PUNE)
Location- PUNE
Location- PUNE
Admission- SNAP , GD-PI WORK EX - OPTIONAL
Placement- 15-16 LPA
8)- Name -SP-Jain (Mumbai)
Location-Mumbai
Admission- CAT Score,GD- PI, WAT (WORK EX) - Optional
Placement- 14-15 LPA
9)- Name MDI (Gurgaon)
Location- Gurgaon
Admission- CAT Score, GD-PI, WAT (WORK EX) - Optional
Placement- 13-12 LPA
10)-Name -NMIMS (Mumbai)
Location-Mumbai
Admission- XAT Score, PI, WAT (WORK EX) - Optional
Placement- 12-13 LPA
Types of Exam and Eligibility-
AND THE ELEIGBLITY for this is that anyone from any stream can give these exams if the following conditions are satisfied -
- 50% in graduation degree
- you can give in your 3 year also
- if you have a gap year then also you can give
Now by reading all this if you have now decided to go further with Consultancy in your future after you complete your Graduation Degree then let me tell you a BONUS tip on How can you improve your profile for this specialization so that your resume stand out from other students
How to Build Profile For MBA In Consultancy Management?
The course here you can do is Business Communication and Consultancy Management Course which will cost you around 500 Indian rupees and it will be of around 4-5 hours of session which can be easily done in 2 3 days according to your comfort.
Coursera - It is also a fantastic website for doing a course at the comfort of your home without physically going to any institute, you can do any Consulting course from it as it offers a very detailed course which is in-depth and you will learn a lot from this which will help you in your interview process.
Internships Certificate - Don't forget to do at least 3 internships of 3 or 4 months in your college time related to the Consulting field which is all above them, you can do internships from Internshala or frapp app which are the most famous apps for doing internships or you can go with your college cell.
ALSO READ -
and you like handling tough situations and making your way out of challenges and if you like developing strategies to help others when they are going through troubled times then you can surely opt for consultancy management.
What do you think about MBA In Consultancy Management? Do give suggestion in the comment box.
ALSO READ -
- Everything you wanna know about MBA in Finance - Scope, Salary, Subjects, Top College, Eligibility
Conclusion - MBA In Consultancy Management-
IF Numbers don't interest you much(Finance) and dealing with the people is not a cup of your tea(HR)and you like handling tough situations and making your way out of challenges and if you like developing strategies to help others when they are going through troubled times then you can surely opt for consultancy management.
What do you think about MBA In Consultancy Management? Do give suggestion in the comment box.
And that's it you are ready to start your journey in the Consultancy field that's all you will have to do as per my knowledge SO best of luck for your career and if you have any query or any feedback please mention in the comment box below or any extra information you want to give you are always welcome and Subscribe to our blog for more information about MBA.
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