In 2021 ISB graduates received 388 offers from consulting companies alone. Pursuing a consulting career is a dream come true for most ISB aspirants and submitting your resume to the MBB consulting firms is the first thing that you would in the ISB one year MBA placements process.
An ISB MBA average package for lateral positions ranges within 23 - 50 lacs per annum for consulting positions depending on the seniority of the position one is selected for.
Top Global MBA Programs For A Consulting Career
An MBA in Consulting is a business degree often required by employers. It prepares the students for a consulting career and teaches them to work with companies, analyze the data and make decisions about the organization.
Some universities on the list offer top-ranked MBAs for those looking to study for a business degree.
The MBA market is incredibly competitive, and many factors go into which school you should pick to get your degree. The article discusses some critical factors in choosing an MBA program, including location, tuition costs, and class size.
MBA programs are increasingly becoming popular among students looking to get their degrees at a low cost and without committing long hours after classes with full-time jobs.
Let us take a look at the top MBA programs from around the world:
#1 Columbia Business School
Columbia Business School's MBA programs are highly regarded globally. It is one of the top MBA schools with the best global MBA programs.
Columbia Business School has three programs available to their students, the Master of Business Administration (MBA), Master of Science in Management (MSc), and the Master in Professional Accounting (MAcc). These offer different levels of education and career opportunities within consulting.
The MSc in Management program offers students a range of degree levels, including undergraduate, graduate, and doctoral degrees. The MSc program is designed for people who want to be at the forefront of business development with their skillset that help them develop their speciality in management from day one.
#2 Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania is one of the top business schools in the world. It is ranked second in US News and World Report's global rankings.
Wharton offers MBA programs for different careers - finance, technology, consulting, and many others. Wharton's reputation among MBAs is well-known, and its global rankings are the best proof that it delivers excellent value to its students.
The best coursework at Wharton Business School can help you land a dream career position at a top consultancy firm or big tech company like Google or Amazon.
University of Chicago Booth School of Business.
#3 University of Chicago Booth School of Business
The University of Chicago Booth School of Business has been ranked as the best global MBA program. This ranking is due to the high quality, extraordinary value, and tremendous opportunities it offers.
The University of Chicago Booth School of Business offers a world-class degree in business administration, emphasising consulting. With its focus on practical case studies and real-world skills, the program encourages students to develop and hone their professional skills before graduating.
Consulting is one of the fastest-growing fields in the US, leading to some dramatic changes in how businesses operate today. The number of people employed as consultants rose 20% between 2006 and 2016, while most other industries have seen minimal growth or decreased employment levels.
#4 Harvard Business School
Harvard Business School is the best global MBA program for a consulting career.
One of the enormous benefits of Harvard Business School being a member of the Association to Advance Collegiate Schools of Business (AACSB) is that it has access to extensive industry research and consulting profiles that allow students to know what companies they should target for their career.
Harvard Business School is one such top global MBA program in terms of consulting career. However, if you are not interested in a full-time MBA Program, there are many other options available to you that have both online and on-campus components.
What Are The Benefits of a Global MBA?
The MBA in consulting has become an increasingly popular degree in the past few years. It provides graduates with advice on navigating the ever-changing global business world.
The MBA in consulting program provides students with a strong foundation of business knowledge and skills, which they can use to find success in any industry.
A global MBA offers students the opportunity to tailor their education and career path towards what they are interested in. The international focus of this program is designed specifically for those who want a flexible and diverse career path, such as those who wish to work abroad, those who have been working abroad for some time, or those who want to pursue a second career after losing their first one because of retirement or other reasons.
What are the Consulting Career Options Post ISB MBA Program?
Decision Analytics Consulting
Human Capital Consulting
What are the essential subject knowledge areas requisite for pursuing a career in consulting?
Essential Skills for being successful as a consultant post an ISB MBA program?
Project management skills, process improvements / re-engineering, LEAN, Six Sigma, Agile methodologies
Coaching and mentoring skills
Relationship building skills
Problem solving skills
Advanced modelling techniques and tools such as R, SAS, Tableau, or VBA
Visual presentation skills
Client management skills
Project Delivery skills
SAAS, Java, Hive, Pig, Python, SQL skills
What are the qualification requirements for a consulting career?
Depending on the hierarchy for the lateral positions for MBA graduates the qualification requirements are an MBA like the ISB MBA program with the above skills and relevant industry work experience between 2-6 or 4-7 years of work experience.
How to build a resume for a consulting career post ISB MBA program?
Get a resume that works for you!
A resume is a gateway to a successful job interview. No wonder it is one of the pivotal documents that can carve your career. Management consulting resumes can be game-changers during the initial screening or filtering of the candidates. According to the experts, as high as 60% of the applicants would not make it past this phase. Studies say that employers spend a maximum of 60 seconds scanning through the resume looking for keywords that indicate a candidate's skills and talents.
The criterion for the successful skimming of the resume by the recruiters include:
Can you deliver the results expected? A quick scrutiny of all these aspects helps recruiters decide whether or not to shortlist the candidate for the interview.
Here are 7 effective tips for drafting a Consulting resume that creates stamping impression on recruiters for gaining entry into top-notch companies like Mc Kinsey, Deloitte, BCG, and Bain.
1. Keep resume summary and objective crisp
Frame a crisp yet dynamic career summary. Ensure that your career objective aligns with both your professional goals and organisational goals. ISB MBA duration is too short for you to commit mistakes and restart. You have to be on the mark the first time.
2. Impress with details and skills
Recruiters scan through the candidate’s key skills and talents to appraise the candidate’s profile and the relevant professional experience. Thus, you must impress the recruiter with your skills, previous roles, and professional accomplishments through impressive vocabulary.
Use some power words such as “facilitated", "launched", “accrued”, “established”, etc. as and where appropriate. They spontaneously create a positive impression of your professional stamina and show the impact that you created.
3. Highlight your grades and GMAT scores
Big firms like Deloitte and Mc Kinsey do not read candidate's profiles in depth. They have designated committees that scrutinise resumes. The critical criterion that these committees use to filter suitable candidates is their academic grades.
Most companies often consider candidates with a minimum GPA score of 3.5. The school and the university from which the candidate completed the education have their importance too. So, focus on highlighting these as positively as you can.
4. Present your resume professionally
A resume is a chance to present yourself virtually before a recruiter. Thus, the presentation of the resume should be of superior quality in terms of wording, font style, size, and punctuation. Experts advise in limiting the resume to 2 pages. Divide the resume into sections. The header must consist of - name, address, email address, phone number. Other sections such as work experience, education, and interests can be categorised into three separate sections. Limit the number of sections to 3 or 4 to the maximum. Divide the work and education section and follow a reverse chronological sequence.
5. Showcase your accomplishments
Accomplishments such as awards, certifications, and promotions help in forming a unique impression on recruiters and give you an edge over other candidates. So, remember to showcase your achievements. For instance, you could include leadership demonstrated in a project or boost of sales that you achieved for your previous employer.
6. Prove your key transferable skills
Your ability to land a job turns pronounced from the skills that you displayed in the past. Companies expect consulting professionals to have proficient communication, negotiation, and interpersonal skills, the ability to take on challenges, and result-oriented potential. Justify such skills by citing proven results. With the short spanned ISB MBA duration it is a challenge to build new skills and demonstrate them, so start early.
7. Extra academics and projects add weight
Extra academic accomplishments such as globally recognised English test scores, memberships in reputed organisations, and knowledge of foreign language add points to your resume. Also, a Ph.D. or Post-Doctoral qualification gives immense strength to your persona. Make sure to showcase these if you have any.
We recommend - Customise your resume!
Custom build your resume to focus on the position that you are applying for. This means that map your key skills to focus on the transferable skills for the role and the industry you are applying for. This comes up last in our list as once you have the basic resume in place you are now ready to fine tune your resume.
Focus and show what you got for the specific role so that you assist the recruiters in establishing your fit.
More steps to ensure you have a stellar resume by the end of your ISB MBA:
Stay updated and keep documentary track of your career progression.
You are the best critic for your resume. You know where there's a weakness, plan to overcome it.
Use the MBA curriculum focus tracks i.e. the electives offered at ISB to cover the gaps within the ISB MBA duration. ISB will communicate the specific electives for relevant career tracks well in time for you to plan ahead.
Demonstrate mastery over the skills that you have acquired through the electives with the ISB ELP - experiential learning program and the inter college competitions.
Evidence your people skills by leading teams on campus to make the most of your ISB MBA duration.
Getting it right
Most companies keep track of the rejected candidates in the last 3-6 months. In case you are re-applying to such companies, make sure to update your resume and give it a whole new fresh look. If you want to graduate with a high ISB MBA average package, plan your career moves well in advance and do your research.
Understand the power of the resume to create that first solid impression on the recruiter and draft it accordingly. Do not underrate yourself while framing your resume. Mention every achievement you have had. It is your hard-earned document! Get in touch with an ISB admission consultant to evaluate your profile for ISB admission.
Best Global MBA Programs For A Consulting Career
Consulting career is one of those careers which bridges the gap between professional and personal. While the field offers many opportunities, it is also highly competitive. You need to ensure that you are keeping up with the latest trends and current skill sets to keep your job secure.
In this article, we share a few thoughts on what consulting career means, what it is like, how you can make sure you are making the most out of it, and some of the best MBA programs to consider if you want to pursue this career path in future.
A consulting career is a profession where one helps clients solve problems by utilizing knowledge in business management or other fields. It involves developing solutions for people from different companies and helping them gain control over their problems.
Which MBA Program is the Best for Your Consulting Career?
You want to be a professional consultant. You may have a degree in business, but that doesn't mean you're guaranteed a job in consulting. However, some programs help students get into consulting faster. If you're interested in consulting, it is crucial to consider the best MBA program for your career path.
You need to do your research and find out what type of consulting work you would like to do or if you would like to work inside or outside of consulting companies, and what kind of company provides the best opportunities for your career path.
Why Should You Consider a Global MBA program?
Many companies are seeking consultants to help them with their business decisions now more than ever before. This is because these companies have realised that consultants have the skills and knowledge necessary to make critical business decisions and provide a wealth of expertise in different industries, which makes them valuable resources for their company.
An ISB MBA is a global business degree that provides students with an opportunity to learn from experts in the field, develop international networks and become future leaders in their industry. With this degree, students can build connections and leadership skills while studying. Top business schools offer an opportunity to learn and grow your career by getting the best out of it. So, consider the right fit schools for whatever step you want to take in the consulting industry. It can be a lucrative career that offers the possibility of working with various industries and companies.
Connect with our MBA admission consultant at GOALisB and share your profile with us to check for the right fit.