Question: How Do I Train To Be A Management Consultant?

What skills do management consultants need?

Skillsthe ability to work as part of a team.interpersonal and communication skills, both oral and written.creativity and innovation.problem-solving and strategic planning ability.analytical skills.flexibility.the ability to cope with pressure and challenges.More items….

Are consultants happy?

Consultants are about average in terms of happiness. … As it turns out, consultants rate their career happiness 3.2 out of 5 stars which puts them in the top 50% of careers.

Is management consulting a good career?

Likewise, an offer from the Big 3 strategy consulting firms is significantly more attractive than a typical consulting firm. Consulting seems more attractive if you want to work on global health, and people in this area often recommend consulting as a good early career step.

What should I study to become a management consultant?

To become a management consultant you usually have to complete a degree in commerce, business or business administration with a major in management, entrepreneurship or human resource management. You could also consider a course with a major in economics.

How long does it take to become a management consultant?

It usually requires the equivalent of a graduate degree and seven years of experience or an undergraduate degree and 10 years of direct consulting experience.

How hard is it to get into management consulting?

However, consulting also happens to be one of the most competitive careers in the world. For example, McKinsey (one of the Big 3 consulting firms) only accepts around 1% of the candidates who apply, which is a lower acceptance rate than Harvard’s prestigious MBA programme.

Do consultants make a lot of money?

First-year consultants with a Bachelor’s degree at most major firms (often referred to as “associate consultants”) can typically expect to earn between $60,000 and $90,000. For a select number of firms, the salary can approach $100,000. This figure includes base salary, signing bonus, and relocation expenses.

Do management consultants travel a lot?

Consultants travel frequently, and a typical schedule is to fly out on Monday morning, fly home on Thursday night, and work from the home office on Friday. The exact schedule varies based on the consulting firm and the client. A benefit of the travel, is getting to see new places on the company’s dime.

Is consulting a stressful job?

But what can start as a dream job can turn into a nightmare. Yes, life as a consultant can be stressful. And stress can lead to many negative consequences, private as well as health wise. … Consultants have weeks of 50/60 hours of work while normal workers enjoy 40 hours weeks.

What degree is best for management consulting?

No specific academic requirements exist for management consultants, but nearly all employers require at least a college degree in a related field. Employers generally prefer candidates who majored in one of the following areas: business, economics, statistics, mathematics, computer science, and logic.

How do I become a management consultant?

How to become a Management ConsultantComplete a Bachelor degree in commerce, business, business administration or a related field.Gain work experience. Work experience is a plus in almost every profession but is crucial in the field of management consulting where clients are employing you for your expertise.Consider gaining certification.