As I begin to explore possible subjects in higher education, what major would best teach me the skills most useful in landing and excelling at a consulting job at a respected firm?
I am currently taking a business management course at Oxford and we have been talking about consulting. We have practised consulting with case studies, but not really discussed what it takes to become one professionally. #business #business-development #consulting #management-consulting #strategic-consulting
Although it doesn't seem like the most glamorous major from the outset, studying Economics can open a lot of doors. Instead of being job-specific like marketing or accounting, the discipline covers the study of how people make decisions, especially with regards to the business cycle. Not to be trite, but it is "the study of how to get the most out of life." This is exactly what consultants do; they optimize company processes, structures, revenue streams, etc. so executives, employees, and society can benefit at the highest level possible.
I started my undergrad experience as a communications major, but because I wanted to go into consulting and simply increase my knowledge of the world, I switched to Economics. It is the best professional decision I have made. My first semester as an econ student, I interviewed with several management consulting firms and landed the internship of my dreams. Not only that, but I felt like I could contribute intelligently to high-level conversations and have an opinion on world events. The major has changed the way I solve problems and look at the world.
According to managementconsulted.com, econ is the #1 major in the consulting world.
There several majors that lend to relevant consulting skills! Most of my colleagues were in the business school, however I know several consultants who were engineers or who majored in computer science. I personally was a chemistry major! I think all of the mentioned majors give you the necessary problem solving mid-set that help to make a great consultant. There are several different types of consulting that lend to different skill sets. If you interested in Technology consulting, computer science or information systems could be a great major. Another major thing that makes a good consultant, is communication. I would recommend taking a communications course to be comfortable speaking with people, and a writing course to refine your writing skills.
Going to a management consultant would be job one. Management consultants are sometimes called management analysts. Their job is to look at what an organization does as a whole, then work to increase efficiency in most areas. Specifically, they strive to make a business more profitable, usually by helping the owners cut costs and grow revenue. To get there, they might recommend personnel changes, new systems, alternative practices or new procedures. Most are self-employed and work on a contractual basis. To learn more about what it means to be a management consultant, as well as the work it takes to get there, read on.