Careers › Consultant

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.

Job Profile

Career as Consultant

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

  • 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.

  • This is a benefit that they always have new learning and gain the experience of problem-solving.

  • In this flight, you have a lot of opportunity and scope of growth.

  • The most important thing in this career is that no specific degree is required to be a consultant.

 

 Cons

  • The pressure is high sometimes when a consultant cannot meet up to the expectation of the client’s needs.

  •  Continuous working hours many times can hamper the health and can invite more health issues.

  •  Sometimes, the working hours can be switched in the night, so the balance between work and personal life get lost in this.

  • Due to travelling the time is lost, and the work gets delayed.

  • 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

  • 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?

  • One can seek to become a professor or a teacher apart from the consultant.

  • One can look for office work as an accountant.

  • One can become a receptionist or laboratory staff.

  • One can seek to open a bakery or parlour to do management work.

  • One can do a part-time, counselling job.

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
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