Management Consultancy Mini-Guide

24/04/2017

It’s a job offering impartial business advice to help an organisation develop and grow – improving their productivity and performance by problem solving and identifying weaknesses or gaps in their knowledge.

What is it?

It’s a job offering impartial business advice to help an organisation develop and grow – improving their productivity and performance by problem solving and identifying weaknesses or gaps in their knowledge.

What skills and qualifications will I need?

·         A relevant degree such as finance, business studies will help – as will work experience in business or the financial industry, IT and project management. Some management consultancy firms offer graduate training schemes – you are likely to need a 2:1 degree to be successful.

·         Excellent numeracy and IT skills – gaining information and preparing your presentation.

·         Excellent presentation skills – you will be presenting your findings to your client.

·         Excellent communication skills - you might need to coach individuals in a specific area.

What else do I need to know?

The role will involve meeting clients to talk about what kind of help they need – then you’ll need to investigate and identify any issues, research competitors, collate and analyse data. There may be focus groups or workshops to facilitate and gain feedback from. You’ll be asked to present recommendations for improvement and support your suggestions with evidence of how it will work. Moving forwards you might work with the company short term to assist in the implementation of new ideas or systems.

If you’re working on a project then regular working hours will not apply – you’ll have deadlines to meet. Depending on where the client is or if they’re looking to expand in a different location, you may need to travel for the duration of the project both in the UK and abroad.

Top Tip

The early days of your career are likely to be spent gathering and analysing data rather than discussing proposals with a CEO. 

Having gained the right experience you could set up your own management consultancy firm or work freelance.

Where can I get more information?

Management Consulting news and information can be found here http://www.consultant-news.com

The Institute of Consulting – you can become a member and find out more here about ongoing studies and qualifications http://www.iconsulting.org.uk

Management Consultancies has information here https://www.mca.org.uk