Counseling Education

MBA Career: How bright can your future be in consultancy?

Management consulting represents a widespread career option for those who graduate from different universities, and also for those who are interested in changing their professions. It is well-known that this industry keeps developing, and more and more enterprises search for consulting services. The same happens with those looking for consulting jobs, and their number keeps growing. Even so, there is a strong competition, and those who apply for the jobs have to be very well prepared in order to succeed.

Numerous students are fond of this field involving consulting services, and they have made it a burning option for all those who are at the beginning of their careers. About 40% of the students who attend the MBA course wish to gain access to the consulting industry. But this is not all about them. Other individuals who have time-honored careers are also looking forward to getting a job in this field, even though this might involve a complete change for their professions. Since management consulting companies are on the rise, the demand for qualified employees will increase too. Still, there are more applicants than vacant jobs, and competition is tough.

As far as wages for beginners are concerned, the ones in management consulting are really attractive, and they are among the best ones. Those who are lucky to get a management consulting job earn about $100,000, plus other bonuses that can reach $50,000. Independent consultants have the possibility to be paid with even more, but it might take some time. For example, those who attended the Project Management classes can make about $1,000 or $2,000 each day, while those who attended the Facilitation Management classes have the chance to make from $2,000 to $5,000 each day.

The possibility to receive amazing wages represents only one advantage featured by consulting jobs. Applicants say that in this industry, you have all the chances to progress in a very short period of time. This means that those who had a job in consulting have better possibilities to get hired by firms for higher positions than those who have spent the same amount of time working, but in different areas. It seems that everyone knows the fact that a management consulting job represents the key to an upcoming professional achievement.

Just like in all fields, consultancy also features two icons. First of all, there is the consultant who will make you pay for every word he/she says, and the consultant who will really help you triumph. The discrepancy is represented by what consultants offer to their clients. Great consultants generally provide concrete products to their customers, while mediocre consultants struggle to sell customers suggestions, recommendations, views, and sometimes, knowledge. Those consultants who offer concrete products are the ones you should have faith in. Still, it won’t be hard for you to tell if a consultant doesn’t know how to do this job since he/she will only invent stupid and useless things. On the other hand, great consultants are skilled, and customers can easily notice this.

MBA graduates have the possibility to find a job in high-class management consulting, acquisitions, investment banking, and mergers. As far as investment banking is concerned, applicants need an MBA, as well as a certain experience in economics, finance, or a former job in a bank. Investment bankers are the ones that loan money to companies, and to different governmental institutes for all sorts of pompous projects.

High-quality management consulting represents an ideal option for those who own a master’s degree in Business Administration. Consulting aids companies and big institutes do their best, and obtain excellent results. Since MBA graduates generally know more things related to business in comparison with a regular individual, they have the possibility to get excellent wages, even though they are only at the beginning of their careers.

Having a degree in a certain domain can help someone opt for a teaching career as well. And the same applies for those who have a degree in business. Maybe you won’t have the possibility to lecture at the greatest universities, but MBA permits you to candidate for jobs in several schools, particularly in the private ones. In case you realize that teaching really suits you, you are free to get a PhD in the domain that interests you, and carry on with your job.

Author Bio: The article is written by Davis Miller. He owns a site http://www.hudsonyorke.com/ which is for providing consultancy in various fields. Moreover he is a freelance writer and blogger at various sites.