About Career as a Management Consultant
Proper management of an organisation leads to overall organizational as well as individual efficiency which in turn reduces the overhead costs and increases profitability of that organisation. Thus, management consultancy is growing as a lucrative and promising career option these days in almost all sectors of the economy. A management consultant works beyond their routine work and is primarily concerned with the strategy, structure, management and operations of an organisation providing objective advice, expertise and specialist skills with the aim of creating value, maximizing growth or improving the business performance of their clients.
Career Prospects of Career as a Management Consultant
To take care of the fierce global competition, each and every organisation requires some kind of management consultancy, be it in public or private sector. Banks, financial institutions, insurance and investment companies, export-import houses etc all employ management consultants to solve various problems related to finance, marketing, sales and human resources. Manufacturing industries, IT and telecom companies, shipping, logistics and transport companies are also need the expertise services of management consultants. Publishing, media and entertainment industries are also a good option available to management consultants. MNCs, supply chains, corporate houses and even developmental agencies and NGOs also offer suitable opportunities to these professionals. Moreover management consultants also can work with consultancy firms dealing specialized problems like industrial management, advertising and PR, sales and marketing, product development and promotion, purchasing and retails etc. Other than working with organizations, management consultants can work as an independent consultant dealing with various aspects of the organisation.
Skills & Education Required for Career as a Management Consultant
To be a management consultant first step is to obtain a MBA degree from any institute in India. For further career growth one can opt for any specialization in the field of management. Only a degree may not do the magic. Along with this he/she must have 5-7 years of experience in his specialized management field.HE has to have working knowledge of various business aspeccts since they have to provide a wide spectrum of services to their clients wrt IT, finance, sales and marketing, human resources, logistics and supply chain management.
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