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Planning a career is the most difficult task. It demands
systematic planning and execution. Once a decision is taken,
it rules most of our life. However, lifetime-employment
is not a relevant concept in today's world where job hopping
has become a common practice for professionals for better
package and greater exposure. Management consulting has
become a most sought-after career for many MBAs from premium
institutions as it offers a fat pay cheque and global posting.
Let's find out the requisite skills and pathways to join
this industry!
A management consulting firm functions by helping the client
obtain information and advice on a problem, resulting in
a solution. Consultancies advise organizations as well as
the government on strategic, operational and organizational
issues. Therefore, a consultant needs to be creative with
high analytical and conceptual skills. Great consultants
are the ones who can keep their cool even in difficult and
adverse situations, and sense changes.
The consulting business is growing at a high speed. This
is because of today's complex nature of business, new global
competition and breakthrough technological development.
It is large and mainly concentrates on technology planning,
strategic services and enterprises consulting. But today
consulting business also includes specific knowledge in
areas like multimedia, warehousing, supply chain management,
client-server development, sales force automation, value
management, knowledge management, etc. Other area, which
is on high demand, is `relationship consulting' and healthcare
payment and delivery systems. The one USP about consulting
is that it is recession-proof. When the market/economy faces
recession companies/government will look for consultants,
which means a career in consulting business is very much
stable. Few global consulting firms doing extremely well
and recruiting MBAs are AT&T, McKinsey, Mercer, Booz
& Allen, Coopers & Lybrand, Boston Consulting Group.
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