The act of lending expertise on a subject to a third party in exchange for payment is known as consulting. Advisory or implementation services may be provided as part of the service. The consultant's role requires him or her to take an objective, impartial perspective on a matter.
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What is Consulting?
Consulting is defined as the practise of providing a third party with expertise on a matter in exchange for a fee. The service may involve either advisory or implementation services. For the consultant, taking an independent and unbiased stance on an issue is central to his/her role.
What are the different career/profession/job options available for Consulting?
Financial Advisory Consultant
Human Resource Consultant
What is the basic Qualification Needed for Consulting?
There is no specific qualification for becoming a consultant. A candidate with Bachelors/Masters/Doctorate Degree in the relevant subject can apply for the post. They should be high-quality professionals capable of lending their expertise in the desired field.
What is the scope of a career of Consulting in India?
Defining the Scope of Work for Consulting Services is a bit different as the products, solutions and outcomes are knowledge based. The quantification of knowledge items to be developed and delivered is one part, but the primary aim should be to ensure that what these knowledge items should contain.
What does a Consultant do?
Consultants provide expert opinions, analysis, and recommendations to organizations or individuals, based on their own expertise.
They're essentially fixers, serving as objective troubleshooters, and providing strategies to prevent problems and improve performance.
What are the top universities in India to study Consulting?
Indian Institute of Management, Ahmadabad
Indian Institute of Management, Calcutta
Indian Institute of Management, Bangalore
Xaviers Labour Research Institute, Jamshedpur
Faculty of Management Studies, Jamshedpur
Indian Institute of Management, Indore
What are the top universities in Abroad to study Consulting?
Columbia Business School
Duke Fuqua School of Business
University of Virginia – Darden School of Business
MIT Sloan School of Management
Chicago Booth School of Business
Michigan Ross School of Business
Northwestern University's Kellogg School of Management
What subject & courses will be best/suitable/relevant for Consulting?
Data Analysis and Presentation Skills: The PwC Approach: PwC.
Business Analysis & Process Management: Coursera Project Network.
International Organizations Management: University of Geneva.
Strategic Business Analytics: ESSEC Business School.
What are the entrance Exams for Consulting?
UGC NET JRF
Manipal Univesity Online Entrance Test (MU-OET)
BHU Postgraduate Entrance Test (BHU PET)
Delhi University Entrance Test (DUET)
Central University Entrance Test (CUET)
JMI Entrance Exam
Jammu University Entrance Test (JUET)
How much year will be required for study of Consulting?
It takes around 3-4. Consultants must typically earn a bachelor's degree in order to be competitive in the field. However, some employers prefer to hire those who have earned their master's degree, specifically the MBA.
Which skills Required to be a Consultant?
Quantitative and analytical skills.
Ability to work under pressure and cope with challenging situations.
Good teamwork skills.
Understanding of business environments and commercial awareness.
Good interpersonal and communication skills.
Which type of personality is best for Consulting?
A Consul (ESFJ) is a person with the Extraverted, Observant, Feeling, and Judging personality traits. They are attentive and people-focused, and they enjoy taking part in their social community. Their achievements are guided by decisive values, and they willingly offer guidance to others.
Which is the top/best companies offering job of Consulting?
Bain & Company
The Boston Consulting Group, Inc
McKinsey & Company
Booz Allen Hamilton
The Parthenon Group
Clearview Healthcare Partners
Deloitte Consulting LLP
What are the pros & cons / Advantage & disadvantage of working as a Consultant?
You have good exit options
Being a consultant can accelerate your career
You can learn many different skills
Stress can be enormous
High workload in consulting
Working in consulting can lead to mental issues