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What should a management consultant know?

What should a management consultant know?

Management Consultants must have the capacity to communicate effectively with company stakeholders, in particular senior executives. As a Management Consultant, you must also ensure the strategies you propose can be implemented in a practical and cost-effective way.

Do consultants know anything?

They don’t know anything. They are really smart, very hard-working, resourceful, and well-trained, but they know absolutely nothing coming in about your industry, company, or particular issue. More interestingly, the director or partner on the project is not really a subject matter expert either.

Is management consultant hard?

Consulting is a highly sought after career choice and it involves one of the most difficult recruitment processes in the corporate world. It requires a certain type of person with specific personality traits not only to receive an offer, but also to succeed on the job.

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Are consultants experts?

A consultant sells advice, whereas an expert sells his expertise. In fact most consultants are not experts. There are so many consultancy firms having consultants on board that discuss the problem and provide solutions based upon their knowledge.

What is the most important skills in consulting?

Below are some of the most important:

  • Quantitative and analytical skills.
  • Ability to work under pressure and cope with challenging situations.
  • Good teamwork skills.
  • Flexibility.
  • Understanding of business environments and commercial awareness.
  • Problem-solving skills.
  • Good interpersonal and communication skills.

What are the challenges of being a management consultant?

Consultants need optimum discipline to manage their time. The research, analyses, and heavy workload can cause stress for any management consultant. In addition, consultants frequently deal with chaotic management and difficult employees. Consulting team members don’t always get along because of differences in perspectives and personalities.

Why do you want to work in management consulting?

During a time of economic crisis, this package is an incentive to many job seekers. The responsibilities of a management consulting position will sharpen a consultant’s analytical, organizational, and communication skills. These capabilities are utilized on a daily basis and therefore improve with extended experience.

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What is it like to be a consultant?

At first, traveling can be exciting, but when consultants realize how much of their time is spent on planes and in hotels, they miss the comforts of home. Traveling can also be exhausting; consultants are constantly adjusting to a new environment, new culture, and diverse people.

How many hours a week does a management consultant work?

Working hours do vary among firms, but in top-tier management consulting firms such as McKinsey, Bain, Booz, and BCG, expect to work over 60 hours a week on average. One of the common misconceptions of aspiring consultants is that traveling is a glamorous part of a management consulting career.