Prove yourself — and make an impact. Master of Business Administration Concentrations — Our Success. Often, projects shift after the proposal, giving us valuable experience in understanding and defining the scope of work and pushing through ambiguity to solve a problem. To learn more about what it means to be a management consultant, as well as the work it takes to get there, read on. Management consultants work to increase efficiency.
But that is a very simple way to explain what they really do behind-the-scenes for large companies and organizations. The work of a management consultant varies from one project to another; some projects require an entire consulting team, with each person having specialized knowledge in one area.
Other projects are smaller and can be handled by an individual consultant. The work involves a great deal of research, looking over internal documents, exploring expense reports, speaking with employees and monitoring day-to-day operations.
Some consultants make a point of specializing in one particular area, such as healthcare or retail sales. They might then specialize further under that umbrella, focusing on points such as inventory control, personnel and reorganizing corporate structure. They might also work with start-ups to design the best entry into the marketplace, or companies that are looking to downsize and sell to someone else.
Either way, consultants often work under tight schedules and might work overtime to meet deadlines. Take the free Career Quiz. That number might be higher or lower depending upon several factors, including experience, educational attainment and geographical location.
As more organizations seek to save money by becoming more efficient, consultants are expected to be more in demand. In fact, the Bureau of Labor Statistics estimates an increase of 14 percent in employment for management consultants from to , which is faster than the average for all occupations. Growth is expected to be strong in government agencies, small consulting firms and those that focus on international business.
Growth will be driven by particular industries as well, such as information technology or human resources. Here are the steps to reach various consultant careers. When an aspiring police officer chooses to go to school to obtain formal education, a world of possibilities opens up.
Here are some of the potential places where the certificate or degree can be earned. The business degree is designed to provide a broad base of knowledge to students, including courses in finance, marketing, organizational behavior, statistics, accounting, business law and more. This well-rounded undergraduate degree can also be specialized a bit with electives that build on the knowledge offered in the core courses. Typical classes might include:. This understanding of human behavior might be especially advantageous to the consultant who intends to work with government entities, including social services.
Typical classes include:. Typical admissions requirements are listed below; however, students should always check with the admissions office of the school they want to attend to get a detailed list of what they will have to provide. Completed application Application fee GRE test scores Letters of recommendation Personal statement or essay Proven work experience Official undergraduate transcript. This course focuses on the concepts and techniques that make up the cornerstones of management, and follow the development of management principles as they are integrated into management theory.
Students will learn how business challenges can be handled from an ethical standpoint, including real-world case analysis. Students learn about micro and macro-economic principles and concepts and how to translate those into real-world application for businesses. Primary and secondary stakeholders, ethics and social responsibility, and organizational activities are discussed in this class.
This course looks at corporate performance as based on financial reports, how to analyze the reports, and what to look for in financial statements to ensure legality and adherence to regulations. Other popular subjects were Mathematics, Business, and science-based subjects such as Physics, Engineering, Chemistry and Computer Science.
However, there was also a long tail of subjects that each accounted for a smaller percentage of new hires. History is equally as acceptable as economics, for example. However, Economics students are more likely to be more aware of and interested in consulting, which skews the ultimate outcome. Overall, the best types of degree subjects are those that challenge you, demonstrate your academic abilities, and provide opportunities to demonstrate skills relevant to consulting, such as analysis, problem-solving and teamwork.
In addition to your degree type and subject, the university you studied at and your grades are important too. You also need to show you have skills and capabilities beyond academic prowess by succeeding in extracurricular activities and internships.
Demonstrating evidence of unusual impact, leadership and achievement is important in standing out in the CV screening process. Nevertheless, your academic accomplishments are still taken into account. Organizational Analysis Stanford University. Removing Barriers to Change University of Pennsylvania. Intermediate Level. Digital Transformation University of Virginia. In summary, here are 10 of our most popular management consulting courses. Frequently Asked Questions about Management Consulting.
Chevron Right What is management consulting? This FAQ content has been made available for informational purposes only. Learners are advised to conduct additional research to ensure that courses and other credentials pursued meet their personal, professional, and financial goals. Other topics to explore.
Arts and Humanities. Computer Science. Data Science.
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