Every company that wishes to fulfill their target on time, it needs a proper plan and sufficient workforce. Along with that it is also necessary that the that employees of the company are adaptable to the the changing environment in any business. For this any company requires a management consultant who prepares a clear blueprint for progress. The market for management consultant which is 15,733 crore Dollar at this time is estimated to to rise up to 18,624 in the next five years.
For a career in consultant management a bachelor degree in Business Administration, Economics, Finance Marketing, Accounting and related fields is thought to be appropriate. Additionally the students have completed their MBA are preferred more by the companies. Some consultant firms even higher people from different streams and train them to be consultants. Some of the leading institutions where students can study are Indian institute of Management Ahmedabad, Faculty of Management Studies New Delhi, Symbiosis Institute of International Business Pune.
At present management consultancy is one of those professions where one has lots of opportunities. Currently there are almost 12 industries which hire management consultants. Some of these industries are Financial services, Healthcare, Hospitality, Manufacturing, Media and Telecommunication, and Retail. In IT, HR and Finance related MNC management consultants are outsourced. Some of the leading job profiles as management consultants are Strategy Consultant, Operation consultant Financial Advisory consultant HR consultant, Social Media Consultant, Public Relations consultant, IT consultant and Legal consultant. The salary packages are also very attractive. In the beginning a professional can earn 5 to 8 lakh rupees per annum easily. After a few years one can get 10 to 15 lacs per annum. And one gains more experience in this field, the salary increases.