Counseling is the most popular career path for MBA students, and counseling jobs are extremely competitive. That means that there are a lot of very hard-working people competing for very prestigious jobs. Above all, there are simply not many roles at top consulting firms. The reason for this is simple.
On a single consulting project, the “hard courts” that analysts don’t take that much time. If you compare this to a law firm or investment bank, their base cases or M%26A projects require a large number of staff hours. And that’s just to do their most basic bread and butter job. You literally have to recruit so many graduates to do proofreading in a law firm and number processing in a bank.
Consulting is not a 9-to-5 job. You may feel that you are “always active” as you can be expected to travel a lot and it can be exhausting. If you imagine stability and structure, consider a career somewhere else. so you can shape your job to a large extent, said Wouter.
In order to work in consulting, you must create your own work structures and be responsible for your impact. A high grade point average also requires discipline and hard work, qualities that consulting firms value. Businesses want to know that if you’re working on a difficult consulting project, you’ll have the resilience to persevere. However, consulting is also one of the most competitive careers in the world.
For example, McKinsey (one of the big three consulting firms) only accepts about 1% of the candidates who apply, which is a lower acceptance rate than Harvard’s prestigious MBA program. They should be aimed specifically at events organized by consulting firms or those with advisors as speakers. Consulting is one of the highest-paid paths (either if you hold partner positions or take on management positions in industry). Map the plot – cut off the unimportant and technical details for each story; improve the rest to reflect the qualities most important for counseling (leadership, achievement, and problem-solving).
Consultants typically work on a range of one to two month projects across a wide range of sectors, companies, and departments within companies (including government and non-profit organizations). 19 This makes it one of the most appealing options if you want to quickly find out about many different types of work. Senior consultants frequently conduct research and analysis, formulate recommendations, and present results to clients. However, the basic approach remains the same: decipher the mechanisms and identify efficient strategies while working on improving your consulting skills. The course material has helped more than 6,000 students in more than 13 countries get offers from world-class consulting firms such as McKinsey, BCG, and Bain.
This simulates the actual work of management consultants, who constantly have to filter piles of data in a very limited amount of time to gain the most relevant insights. Start with advisors you know, then add family and friends that you could introduce to advisors. In addition, a counseling club can help you prepare for the recruitment process of a counseling job. When looking for a consultant job opportunity, it’s important to make sure you explore all available options, including online platforms.
Other alumni of the company and contacts from individual projects enable consultants to make a variety of valuable business contacts. However, the information suggests that a significant proportion of graduates from such programs may get counseling jobs if they so choose.