Career as Consultant
Consultants are known to look at the company as a whole and improve the efficiency in those areas where it is lacking. The focus of such experts is to make the business of the company profitable with minimal investment and grow the revenue. The Consultant is responsible for making personnel changes, altering the systems work and practices. Before an aspirant starts working as a Consultant, it is expected for the person to do various projects. The work includes ample research expense reports being explored and monitoring regular operations. It is important in the management and consultancy that a person should do certain courses before starting the career as an intern. The course trains the consultant about job roles, career opportunity and understanding the fundamental of economics and finance which needs to be known.
- About Consultant :
- Job Profile |
- How do I get there?
Job Profile
The job role of a Consultant includes the
assistance to be given to people for enhancing the business and
thus flourishing the organization. It is important to solve the
problems occurring in a business and thus ensure the right
ways to conduct trade.
If you aspire to become a Strategy Consultant,
then your job will be to advise the companies as per the projects
on goods and services and a long range of planning.
If you aspire to become a Human Resource
Consultant, then you need to offer your advice on different
managements like talents and rewards.
As an Information Technology Consultant, you
must advise on information needs and system design to name
some.
Other than this, an aspirant can also become a Financial Consultant and Outsourcing Consultant. Some consultants also start their own business and thus improve their career independently. To enhance your career in consultancy, a business degree is not expected, but yes, disciplines in a different range with different skills set should be rightly followed.
Roles And Salaries Offered
Consulting is quite a diverse field, and surely
the salary in different niches and specialities may vary as per the
industries and locations too.
Consulting Jobs |
Average salary per annum (in Lakh) |
Consulting Management |
7,51,746 Lakh |
Taxation Consultant |
10,10,915 Lakh |
Business Analysis |
10,34,638 Lakh |
Project Management |
8,18,699 Lakh |
Microsoft Excel |
11,95,250 Lakh |
IT Consultant |
13,00,688 Lakh |
Healthcare Consultant |
10,98,126 Lakh |
HR Consultant |
14,18,932 Lakh |
Social Media Consultant |
16,26,734 Lakh |
Software Consultant |
11,95,250 Lakh |
Top Recruiters
Capgemini |
Deloitte |
EY |
PWC |
Infosys |
KPMG |
Cognizant Technology Solutions |
Accenture |
HCL Technologies |
Wipro |
Future Prospects and Growth
The Consultants or consulting space is growing tremendously and expanding its network within India and globally too.
Consultants are one of the key elements for the rising economy as they contribute with monetary and non-monetary aspects terms. This Industry is flourishing, and it will continue to flourish or the company always needs a consultant to be hired to provide suggestions. The demand for consultants will keep on growing with resources technology and opportunities.
The time required to become a consultant is highly variable with the type which consulting is dealing with. As one no need a specific degree for it, only experience will work. By reaching the targeted market segment soon, a consultant can reduce the time log.
Pros and Cons of Being a Consultant
Pros
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Being a consultant has the flexibility to work as per their availability.
-
There is a trial, and every day is different for a consultant by handling different types of clients.
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This is a benefit that they always have new learning and gain the experience of problem-solving.
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In this flight, you have a lot of opportunity and scope of growth.
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The most important thing in this career is that no specific degree is required to be a consultant.
Cons
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The pressure is high sometimes when a consultant cannot meet up to the expectation of the client’s needs.
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Continuous working hours many times can hamper the health and can invite more health issues.
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Sometimes, the working hours can be switched in the night, so the balance between work and personal life get lost in this.
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Due to travelling the time is lost, and the work gets delayed.
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The support is not much from the client's end, so the work is spontaneous and monotonous.
How do I get there?
If we talk about Consultants a profession,
then surely don’t need a specific qualification to become one. The
candidate who holds masters, bachelors or diploma and certification
in a specific subject can apply for the position. But yes, for the
courses that would enhance the dreams of an aspirant to be a
Consultant can have different eligibility criteria depending on the
type of course and specialization that an individual is
choosing.
To apply for the graduation course, the student
is expected to have cleared 50% of overall marks in 10+2 class from
a reputable school.
Moving further, if the aspirant plans to go for
Post-graduation or Masters, the graduation certificate along with
basic industry experience as an intern is expected. The courses if
are chosen as a distant learning program would also need a
certificate from a company under which the aspirant has worked as
an intern for a while.
For the management consultant, there are some principles on which the selection process works. Ideally, tests like GMAT or CAT depending on the entrance of the college has to be given. If the person gets selected, then it is expected to have a good experience in the consultancy industry and degree from a recognized university that along with certification for management consultants.
Courses in Consultancy
There are many graduate, diploma, postgraduate
and master courses in the field of consultancy to opt for. Besides,
some certification courses, if done rightly, also increases the
scope to get recruited by top-notch companies
Graduation
courses
-
Business Consulting graduate
-
BA degree over a normal degree
-
B.Com degree with IT specialization
Diploma courses after
graduation
-
PGDM in International Business
-
PGDM in International Business
-
Diploma in Finance and Consulting
-
Postgraduate Diploma in Human Resource Management (PGDM HR)
Master Courses after
graduation
-
Master in Consultancy & Entrepreneurship
-
Master in Digital Project Management and Consulting
-
MA in Business Consultancy International
-
Master in Business Consulting
-
Master in consulting and auditing quality systems and excellence
Certifications
- CIMA Certificate in Business and Accounting
-
Co-Active Coaching
-
CMI Level 5 Professional Consultancy Skills
-
The Leadership Circle Profile Certification
Best Colleges/Institutes for courses/degrees
S.No |
College Name |
Course |
BITS-PILANI |
Master in Business Consulting, Master in Consultancy & Entrepreneurship |
|
IIM Calcutta |
MBA in Consulting Management |
|
Schulich School of Business, Hyderabad |
Master in Business Consulting, Master in Consultancy & Entrepreneurship |
|
IIM Ahmedabad |
MBA in Consulting Management |
|
FMS-New Delhi |
Diploma in Finance and Consulting |
|
IIM Indore |
MBA in Consulting Management |
|
SPJIMR-Mumbai |
Master in Business Consulting, Master in Consultancy & Entrepreneurship |
|
IIM Shillong |
Diploma in Finance and Consulting |
|
Symbiosis Institute Of Business Management-Pune |
MBA in Consulting Management |
|
ISB, Hyderabad |
Master in Business Consulting, Master in Consultancy & Entrepreneurship |
|
NMIMS-Mumbai |
MBA in Consulting Management |
Course Duration and Fees
S.No. |
Course Name |
Duration |
Fees |
Master in Business Consulting, Master in Consultancy & Entrepreneurship |
Four years |
2 lakh |
|
MBA in Consulting Management |
Two Years |
21 lakh |
|
Master in Business Consulting, Master in Consultancy & Entrepreneurship |
Four years |
52.72 lakh |
|
MBA in Consulting Management |
Two Years |
22 lakh |
|
Diploma in Finance and Consulting |
One Year |
20,960 |
|
MBA in Consulting Management |
Two Years |
16 lakh |
|
Master in Business Consulting, Master in Consultancy & Entrepreneurship |
Four Years |
16 lakh |
|
Diploma in Finance and Consulting |
One year |
16 lakh |
|
MBA in Consulting Management |
Two2 Years |
14.70 lakh |
|
Master in Business Consulting, Master in Consultancy & Entrepreneurship |
Four years |
2.9 lakh (plus taxes) |
|
MBA in Consulting Management |
Two Years |
19.76 lakh |
Books and other Study Material
-
The Back of the Napkin- Solving Problems and Selling Ideas with Pictures- Dan Roam
-
Case in Point 10: Complete Case Interview Preparation- Marc P. Cosentino
-
The Trusted Advisor- David H. Maister, Charles H. Green, Robert M. Galford
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The Management Consultant: Mastering the Art of Consultancy- Richard Newton
-
The McKinsey Way- Ethan M. Rasiel
What if this career does not work out for me? What are the other options for a person with these credentials?
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One can seek to become a professor or a teacher apart from the consultant.
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One can look for office work as an accountant.
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One can become a receptionist or laboratory staff.
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One can seek to open a bakery or parlour to do management work.
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One can do a part-time, counselling job.
Other careers of your interests
Content on this page is by Career Expert Mrs. Kum Kum Tandon MA (Psychology), M.Ed, Diploma in Educational Psychology, Vocational Guidance & Counseling (NCERT, Delhi) | View Complete Profile |