Is management consultancy a good career?

Is management consultancy a good career?

Is management consultancy a good career?

Strategy and management consulting remains the preferred destination of choice for graduates, according to new data. Of the UK’s students, around one-fifth are interested in pursuing a job in the consultancy industry. Interestingly, consultancy is relatively much more popular among top students than other sectors.

Do management consultants make a lot of money UK?

1. Large consulting practices. Salaries at large consulting practices tend to start from £30,000. These can increase relatively quickly and you can expect to be earning £45,000 within two years, and £60,000 within four years.

How much does a management consultant make?

Management consultant salaries in the United States will vary by position and experience. Starting from the base, fresh graduates (from undergrad institutions) earn an average base pay of $83,500 from top-tier consulting firms. Their performance bonuses range between $12,000-$18,000, with a signing bonus of $5,000.

What degree do you need to work in management consulting?

To become a management consultant you usually have to complete a degree in commerce, business or business administration with a major in management, entrepreneurship or human resource management. You could also consider a course with a major in economics.

Is consulting a stressful job?

Yes, life as a consultant can be stressful. And stress can lead to many negative consequences, private as well as health wise. Consultants have weeks of 50/60 hours of work while normal workers enjoy 40 hours weeks.

How do I start a career in management consulting?

Having an MBA or management master’s degree will boost your chances of being hired as a consultant, but it’s still a very competitive job market. Consultancy firms are known to be some of the most active recruiters at universities and are a good first stop on your consulting journey.

How do I get a management consulting job with no experience?


  1. Acquire the necessary skills and knowledge.
  2. Prepare a good cover letter and a strong resume.
  3. Acquaint yourself with the professional consulting job-hunting process and interviews.
  4. Find a good mentor in the consulting industry.
  5. Become a member of a consulting club.