Page 1 of 1

Management Consulting Articles

Posted: May 9th, 2018, 2:41 pm
by MBACrystalBall

Re: Management Consulting Articles

Posted: May 9th, 2018, 2:46 pm
by MBACrystalBall
Management consultant Jaineel Aga started the blog series on Management Consulting Jobs with a post on Why consulting? In this article, he talks about why a career as a strategy consultant is so popular.

Management Consulting Jobs How-To Guide
So what’s with all the hype around management consulting?

An MBA can open doors to various interesting professional avenues. Undoubtedly, management consulting is one big draw for many B school aspirants. I will go one step further and opine that some people explicitly go to B schools to get into management consulting!

The million dollar question is – Why management consulting?

I could think of various reasons –

• The money is good; the perks are even better – frequent flyer miles, business class flights, 5 – star hotels, club memberships, and year round parties.

I consider consulting to be a “lifestyle profession” and as a consultant you lead an envious lifestyle.

• No Stagnation – Many of you reading this want to pursue an MBA to get out of your current stagnant roles.

They say half the fun is in the pursuit and when the challenge dries up, your job becomes a drag. Many aspirants want to break into management consulting because they do not want to be pigeon holed in one type of industry or role.

Consulting exposes you to various industries and keeps you intellectually stimulated as every case comes with a different set of problems to solve.

• Entrepreneurship – It is not uncommon to find consultants going down the entrepreneurship path. Consulting equips one with the fundamental analytical skills needed to be a successful business, be it in effective marketing and distribution channels, running and cutting customer surveys or comparing businesses vis-a vis the competition are all skills that would come very handy to any entrepreneur; not to forget the contacts and network that come with a consulting job.

• Great Platform for the Industry - Many MBA’s want to pursue consulting because it provides an excellent platform to transition into CXO / Strategy roles in the industry.

For many, it is exciting to be working alongside CXO level and helping solve a very high level problem.

• Prestige Matters - Lastly, there is a HUGE percent of B school applicants and students who want to get into consulting simply because it is “prestigious” – Same reason why many want to only go to HARVARD without considering how it may not be the best fit for them!

We Indians still believe in “playing to the galleries!” This is what makes the competition even fiercer.

If you thought getting a good B school was tough – think about how tough it would be to break into management consulting?

Re: Management Consulting Articles

Posted: May 9th, 2018, 3:38 pm
by MBACrystalBall
Management consultant Jaineel Aga started the blog series on Management Consulting Jobs with a post on Why management consulting and followed it up with why consulting jobs roles are popular.

In this article, he talks about the relevance of business schools in the recruitment process.

How important is the MBA brand to get Management Consulting jobs?

Does the B-school I go to decide my fate to break into management consulting?


The Business School you go to has a significant role to play in the kind of opportunities that you will have to break into consulting - To quantify this opportunity, some of the metrics you must consider are –

• Number of consulting firms on campus: Before you select a B- School please check out the number of management consulting firms that are recruiting on your campus. It is a no brainer that greater the number of firms = greater number of consulting job offers. Please make sure to see how the split is between firms coming for summer internships and full time placements, although they should not be too different.

• Strength of Alumni network: Whether or not a consulting firm comes to your campus, is often dependent on the alumni relationship of your school with the firm. Alumni prefer to come back to their Alma Maters to recruit candidates as they can relate better with candidates from their own school. The more alumni your school has sent to say BCG, greater will be the chances of them coming back to your school to recruit for more. The additional advantage is that you can network with Alumni from your school and get the “inside scoop” on your target firm to maximize your chances of getting an offer.

• Core Vs Non-Core schools: It is very important to go to a few consulting firms’ websites that you want to break through and check out which are their core schools. In times of a downturn, companies will still go to their core schools to recruit but drop their non -core schools. This is true for consulting as well as banking jobs. I remember, Goldman Sachs had come to recruit at Duke undergrad in 2009 for investment banking positions even though they were not really hiring – this was purely to maintain their relationship with the school! This is the same reason why ISB happens to be a “core school” for consulting jobs in India.

Parthenon for example – enjoys the “preferred status” as it only recruits at ISB in India and offers the highest package among all consulting firms. Internationally, INSEAD has carved out a reputation for being a great “consulting feeder” alongside the usual suspects of Harvard, Stanford and Wharton!

The good part about schools in the US and Europe is that the big consulting firms now come to almost every top 15 school. You will see your Mckinsey recruit at Harvard as well as at McCombs school of Business. You will see BCG recruit at Stanford as well as at Johnson School at Cornell.

For the ones who thought this was a no-brainer, let me leave you with a mini case study that we will leave open to a discussion:

Case Background:

You are from a decent undergrad institution and have worked in a respectable Indian company in a tech- project management role for 4 years before pursuing your B school - You want to make it to the most prestigious consulting firms after B school. You have two admits and its decision time -

Option 1: School “D”
“D” is your dream school; it is a school where people come to get into consulting. Firms flock and pick up by the dozen at this school. It is also very difficult to break into D – let us say it is the most difficult school to break into. You know that if you get into D, it will be super prestigious and a great resume builder in the long run but you know that 20% of your class of 500 gets into management consulting and you will be competing with the best around the world for the same number of slots allotted to D.

Option 2: School “M”
“M” is a very good school by all measures – quality of education is not lesser than any Ivy League school. This school however would not be among the top 5, maybe not even top 10 but surely among the top 15. 3 out of the top 5 consulting firms you would want to join also recruit at this school. This school is smaller – has around 400 students and on average 15% get into consulting. Given your profile, you would be among the “top” contenders to secure an interview for the consulting jobs that come on campus.

Ceteris Paribus, which one would you pick solely from a breakthrough into consulting perspective?