Why do more students not consider a career in consulting? I sometimes wonder, but don’t have an answer. It certainly has a lot going for it as a profession. No specific degree subject is usually required. There is plenty of variety. And for students with both strong analytical and comnmunication skills, who like the idea of a client-facing role, enjoy solving problems and have an interest in business, it could be the perfect match.
So what does Trainee Management Consultant do?
In a nutshell, the role involves developing an understanding of different business sectors such as broadcasting, banking, telecoms and energy in order to advise clients on how to drive innovation and growth, manage cost and operate efficiently.You can be a generalist and work with many different sectors or operate as a specialist consultant , focussing on aspects which interest you such as business strategy, economics, risk or climate change and sustainability.
Who offers training in consultancy for graduates?
As well as specialist consultancy firms like McKinsey, Bain, Capco and Towers Watson, some professional services firms also offer a management consultancy pathway for graduates on their graduate training schemes. One example is PwC, who launched their consulting practice a few years ago, but have ambitious plans for the future. At PwC, it is possible to train in general management consultancy, where you would follow a 2 year structured programme developing skills in all industries and then decide if you want to specialise. Or you could train straightway as a specialist and focus on Economics, Risk, Strategy Consulting or Sustainability and Climate Change. To find out more details about all these pathways, including typical projects you would work on go to PwC’s graduate website . The Prospects site is also good and includes links to professional bodies.
Go along to company presentations and other employer-led activities offered by the Careers and Student Development Service at City to meet professionals in the field and get your questions answered. Some companies offer internships and placements – the ideal way to test out if the role is for you.
Deadlines are coming up soon for many internships and graduate scheme applications. For the PwC Management Consultancy grad scheme, the closing date is 15 Nov 13 at 6pm. Min 340 UCAS points (AAB) or equivalent required, plus on course for a 2:1 degree.
Perhaps you are interested in PwC, but don’t have the grades PwC are after because you’ve invested time in extra-curricular activities that show you’re exceptional? If so, you could still join them through their alternative application route, the Inspired Talent programme.