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Consulting - A Primer

Comments
 

Ankit

Which specialization is needed for consulting roles?

21 Dec 2012, 06.40 PM

Satwinder Singh

@Ankit: No specialization as such. However, students usually tend to take up subjects on Strategic Management and similar.

22 Dec 2012, 10.44 AM

+Read Replies (1)

Ankit

One more doubt..Do people who are doing IT operations/Risk Analytics/Back end jobs in banks need to understand the nuances of finance? What should be the ideal combo of specialization if one wants to do such job?

22 Dec 2012, 11.46 AM |

Brendan

Could someone elaborate on the [1] Typical requirements for a consulting role at BCG, Bain or Mc Kinsey? Do they look for IIT&IIM combination only? [2] How to get into these places if one doesnt have an IIT or IIM degree.....I am assuimg what type of work experience and duration is needed to break into such elite jobs?

23 Dec 2012, 11.03 AM

+Read Replies (4)

Neutral_Junta

If you are not from IIMABC you cant get into Bain from Campus. If you are not from ABCLI or ISB you cant get into Mckinsey or BCG from campus. If you are IIT/IIM it helps but the most important trait that BCG or Mckinsey look for is very very good acads ( Typically top 5%) So if you are in the top 5% of the batch in IIMABCLI or ISB you have a great chance of getting a shortlist from these companies. Workex/internship if in IB or consulting only helps. So as far as I know a IT experience is as good as no experience or worse ( Have seen it practically ) Although BCG goes to I, if you are serious about BCG, Bain or Mckinsey, the way to go for is to go to IIMABC ( or L/ISB atmost ) and aim to be in top 5%.

24 Dec 2012, 12.38 AM |

Neutral_Junta

Ok I missed XLRI in that list. BCG and Mckinsey goes to XL as well. So its something like this IIMABC ( Mckinsey/BCG/Bain/Booz) ISB/L/XL ( Mckinsey/BCG - Goes to Campus ) I ( BCG Campus, Mckinsey Batch Day ) K/JBIMS/FMS/SPJ ( Mckinsey Batch Day )

24 Dec 2012, 12.46 AM |

FYI

The top 5 consulting companies as perceived by majority of aspirants are: 1) McKinsey - By far it is the most sought after consulting firm on any campus. Visits ABCL, ISB on a regular basis. They have visited JBIMS, XLRI etc on campus on rare occasions. Otherwise (I, K, XL, JB, SPJIMR and others) - Batch day. 2) BCG - Almost as good as McKinsey - Visits ABCL, ISB on a regular basis. They have started visiting XL and I on campus. We need to wait for a couple of more years to check if they visit I and XL regularly or not. Unlike Big M, BCG does not conduct any batch day or so. 3) Bain & Co - Often referred to as Small B. Visits only ABC, ISB as of now. 4) A T Kearney - Visits ABC and ISB on a regular basis. Sometimes L. Other campuses, not on the radar so far. 5) Booz & Co - Visits only AB and ISB as now. Recruits heavily from ISB. In terms of absolute numbers, these five companies recruits the maximum from ISB.

24 Dec 2012, 01.52 AM |

SIDDHARTHA

@FYI -- Sir, I don't know if u are gonna see this before 9th March (my IIM-A interview) [I really hope u do:( ] but if u do, please reply to my query--> U (along with 2 other very insightful guys here) seem to have a great depth of knowledge about THE top colleges & i really wanted your views on 2 topics- 1) It is my dream to get into a top notch consulting firm after my MBA [By top notch, besides the BIG 4, I also mean Accenture, ATK, Oliver Wyman, Arthur D Little] but as is popularly believed & reciprocated by u as well, having an IIT background does have a great weightage. Now I don't have that. But I do have pretty good acads [92+ in both 10 & 12] & a good ECs [ national level football player, certified scuba diver, certification in water surfing]---- Does these offset the negatives of NOT having an IIT degree at all?? :O Or do I come across as too frolicsome rather than a brilliant allrounder? :O Will these have ANY impression in the minds of the panel (good or bad]? :O Or should I stop dreaming of a top notch consulting job? :O 2) Is it (huge weightage on a IIT degree) the same for THE topmost marketing companies as well ? :O or there do I stand any chance? :O [PS- I am asking this as I am surely gonna face the question- "what are u gonna do after MBA" & I dont AT ALL want to give an answer where I come across as a day-dreamer, someone far removed from the reality. So I wanted to have a clear idea of things before I jump into it] Please reply sir

25 Feb 2013, 02.41 AM |

Ankit

Can anyone clear my above doubt??

24 Dec 2012, 12.50 AM

Neutral_Junta

Ok to be frank this article is pretty much incomplete. No mention of something like management consulting and the firms ( Accenture, ATK, Oliver Wyman, Arthur D Little etc ) . I know the boundary is pretty obscure in some cases between Strategy and Management consulting but a mention would have been beneficial to say the least. Also whatever is said is fine but the requirements for getting into consulting should have been more objective. From my experience, requirements in CV required to get into Strategy Consulting ? Top 5% Placom member National level sports player / National level Musician ( I know these guys dont come to IIM's but all the consulting firms seem to like such guys ) Gold Medallists in Olympiads and Undergrads People winning competitions like LIME, Mahindra, TBLA and other college festival competitions The more of the above said things you have in your resume the better it is.

24 Dec 2012, 12.50 AM

+Read Replies (4)

Sonu

Thanks for your response. They've been pretty helpful. Would be grateful if you or anyone else helps clear a few of my doubts. I'll be interning with CBC & would like to know where does it fit into all this? How much of the work is IT Consulting & how much business/management consulting? Besides, how does it compare to work in say Accenture Management Consulting or Capgemini Consulting. Where would you put them onto the hierarchy?

24 Dec 2012, 01.41 AM |

Retard

CBC is mostly into IT consulting with minimal IT strategic consulting exposure. There is no business/management consulting in CBC. The roles you would get will be akin to that of Business Analysts where you will go to clients to gather requirements(If you are onsite) or Drawing the process flow diagrams and all that stuff(if you are on offshore). Basically for an IT project you are the go-to guys for any requirement related doubts.

24 Dec 2012, 03.25 PM |

Neutral_Junta

Accenture Management Consulting is one of the best consulting roles...next only to strategy consulting roles at all IIM's. Much better than CBC and Capgemini. Capgemini will be a rung lower or similar level to CBC.

24 Dec 2012, 08.15 PM |

SIDDHARTHA

@ Neutral_Junta-- Sir, I don't know if u are gonna see this before 9th March (my IIM-A interview) [I really hope u do:( ] but if u do, please reply to my query--> U (along with 2 other very insightful guys here) seem to have a great depth of knowledge about THE top colleges & i really wanted your views on 2 topics- 1) It is my dream to get into a top notch consulting firm after my MBA [By top notch, besides the BIG 4, I also mean Accenture, ATK, Oliver Wyman, Arthur D Little] but as is popularly believed & reciprocated by u as well, having an IIT background does have a great weightage. Now I don't have that. But I do have pretty good acads [92+ in both 10 & 12] & a good ECs [ national level football player, certified scuba diver, certification in water surfing]---- Does these offset the negatives of NOT having an IIT degree at all?? :O Or do I come across as too frolicsome rather than a brilliant allrounder? :O Will these have ANY impression in the minds of the panel (good or bad]? :O Or should I stop dreaming of a top notch consulting job? :O 2) Is it (huge weightage on a IIT degree) the same for THE topmost marketing companies as well ? :O or there do I stand any chance? :O [PS- I am asking this as I am surely gonna face the question- "what are u gonna do after MBA" & I dont AT ALL want to give an answer where I come across as a day-dreamer, someone far removed from the reality. So I wanted to have a clear idea of things before I jump into it] Please reply sir

25 Feb 2013, 02.42 AM |

USA Indian

I'm not sure how you can say that there is no client interaction at all in IT Consulting. Probably you will change your statement once you see how IT consulting works in USA.

2 Feb 2013, 10.04 PM

+Read Replies (1)

Lexi Moore

This article is not upto the mark and written in biased manner. Refer my comments, hope it helps to get more clarity on this fact.

31 Aug 2013, 09.41 PM |

Rachit

is there any SCM/strategy/management consulting profile in TCS? And which other consulting firms are good as far as SCM consulting is concerned? Thanks

24 Feb 2013, 11.00 PM

Samik

If I have studied PGDHRM from XLRI or MDI for example and I get placed in a consulting firm (the big 4 for example) what would be the kind of profile offered to me?

19 Mar 2013, 12.37 AM

Lexi Moore

Dear InsideIIM team, perhaps you should consider upgrading this article in examples and company names. The IT consulting firms suggested as CBC, TCS and Wipro (even Infosys) have their own process and domain consulting arms with heavy client interaction and business information based consulting deals. All these big IT firms are wise enough to get involved in the process consulting space. IT consulting firms are supposed to know business nowadays, without this understanding no IT firm can get a single multimillion dollar deal. You should have a closer look at IIM placement reports when we say lot of people (even from core background) are hired by IT firms in large numbers. Pure play IT consulting firms are non-existent now. Large IT firms understand this very well. Even though they are not seen as a prominent process consulting firms, one should not disguise them as pure IT consulting firms. No offense but Please work in the consulting market and get your ideas clear before writing an article like this.

31 Aug 2013, 09.39 PM

Jeswin Joy

Is there a similar analysis on finance?

19 Apr 2018, 01.26 PM

Vaishnavi Deshpande

A student of the PGP 2017-19 batch at IIM Sirmaur With a work experience of 2.5 years in IT, she is pursuing dual specialization in IT/Analytics and Finance. An active quizzer, performing artist and member of the Media Cell, she aims at creating opportunities and making most of them for all-round development.

Can IT and Finance combination work with the consulting profiles?

6 May 2018, 09.51 AM

Kiran Pandiyan

How do I enter consulting without an MBA degree. I'm going to study Project management in abroad

9 Jul 2019, 08.07 AM

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Comments
 

Ankit

Which specialization is needed for consulting roles?

21 Dec 2012, 06.40 PM

Satwinder Singh

@Ankit: No specialization as such. However, students usually tend to take up subjects on Strategic Management and similar.

22 Dec 2012, 10.44 AM

+Read Replies (1)

Ankit

One more doubt..Do people who are doing IT operations/Risk Analytics/Back end jobs in banks need to understand the nuances of finance? What should be the ideal combo of specialization if one wants to do such job?

22 Dec 2012, 11.46 AM |

Brendan

Could someone elaborate on the [1] Typical requirements for a consulting role at BCG, Bain or Mc Kinsey? Do they look for IIT&IIM combination only? [2] How to get into these places if one doesnt have an IIT or IIM degree.....I am assuimg what type of work experience and duration is needed to break into such elite jobs?

23 Dec 2012, 11.03 AM

+Read Replies (4)

Neutral_Junta

If you are not from IIMABC you cant get into Bain from Campus. If you are not from ABCLI or ISB you cant get into Mckinsey or BCG from campus. If you are IIT/IIM it helps but the most important trait that BCG or Mckinsey look for is very very good acads ( Typically top 5%) So if you are in the top 5% of the batch in IIMABCLI or ISB you have a great chance of getting a shortlist from these companies. Workex/internship if in IB or consulting only helps. So as far as I know a IT experience is as good as no experience or worse ( Have seen it practically ) Although BCG goes to I, if you are serious about BCG, Bain or Mckinsey, the way to go for is to go to IIMABC ( or L/ISB atmost ) and aim to be in top 5%.

24 Dec 2012, 12.38 AM |

Neutral_Junta

Ok I missed XLRI in that list. BCG and Mckinsey goes to XL as well. So its something like this IIMABC ( Mckinsey/BCG/Bain/Booz) ISB/L/XL ( Mckinsey/BCG - Goes to Campus ) I ( BCG Campus, Mckinsey Batch Day ) K/JBIMS/FMS/SPJ ( Mckinsey Batch Day )

24 Dec 2012, 12.46 AM |

FYI

The top 5 consulting companies as perceived by majority of aspirants are: 1) McKinsey - By far it is the most sought after consulting firm on any campus. Visits ABCL, ISB on a regular basis. They have visited JBIMS, XLRI etc on campus on rare occasions. Otherwise (I, K, XL, JB, SPJIMR and others) - Batch day. 2) BCG - Almost as good as McKinsey - Visits ABCL, ISB on a regular basis. They have started visiting XL and I on campus. We need to wait for a couple of more years to check if they visit I and XL regularly or not. Unlike Big M, BCG does not conduct any batch day or so. 3) Bain & Co - Often referred to as Small B. Visits only ABC, ISB as of now. 4) A T Kearney - Visits ABC and ISB on a regular basis. Sometimes L. Other campuses, not on the radar so far. 5) Booz & Co - Visits only AB and ISB as now. Recruits heavily from ISB. In terms of absolute numbers, these five companies recruits the maximum from ISB.

24 Dec 2012, 01.52 AM |

SIDDHARTHA

@FYI -- Sir, I don't know if u are gonna see this before 9th March (my IIM-A interview) [I really hope u do:( ] but if u do, please reply to my query--> U (along with 2 other very insightful guys here) seem to have a great depth of knowledge about THE top colleges & i really wanted your views on 2 topics- 1) It is my dream to get into a top notch consulting firm after my MBA [By top notch, besides the BIG 4, I also mean Accenture, ATK, Oliver Wyman, Arthur D Little] but as is popularly believed & reciprocated by u as well, having an IIT background does have a great weightage. Now I don't have that. But I do have pretty good acads [92+ in both 10 & 12] & a good ECs [ national level football player, certified scuba diver, certification in water surfing]---- Does these offset the negatives of NOT having an IIT degree at all?? :O Or do I come across as too frolicsome rather than a brilliant allrounder? :O Will these have ANY impression in the minds of the panel (good or bad]? :O Or should I stop dreaming of a top notch consulting job? :O 2) Is it (huge weightage on a IIT degree) the same for THE topmost marketing companies as well ? :O or there do I stand any chance? :O [PS- I am asking this as I am surely gonna face the question- "what are u gonna do after MBA" & I dont AT ALL want to give an answer where I come across as a day-dreamer, someone far removed from the reality. So I wanted to have a clear idea of things before I jump into it] Please reply sir

25 Feb 2013, 02.41 AM |

Ankit

Can anyone clear my above doubt??

24 Dec 2012, 12.50 AM

Neutral_Junta

Ok to be frank this article is pretty much incomplete. No mention of something like management consulting and the firms ( Accenture, ATK, Oliver Wyman, Arthur D Little etc ) . I know the boundary is pretty obscure in some cases between Strategy and Management consulting but a mention would have been beneficial to say the least. Also whatever is said is fine but the requirements for getting into consulting should have been more objective. From my experience, requirements in CV required to get into Strategy Consulting ? Top 5% Placom member National level sports player / National level Musician ( I know these guys dont come to IIM's but all the consulting firms seem to like such guys ) Gold Medallists in Olympiads and Undergrads People winning competitions like LIME, Mahindra, TBLA and other college festival competitions The more of the above said things you have in your resume the better it is.

24 Dec 2012, 12.50 AM

+Read Replies (4)

Sonu

Thanks for your response. They've been pretty helpful. Would be grateful if you or anyone else helps clear a few of my doubts. I'll be interning with CBC & would like to know where does it fit into all this? How much of the work is IT Consulting & how much business/management consulting? Besides, how does it compare to work in say Accenture Management Consulting or Capgemini Consulting. Where would you put them onto the hierarchy?

24 Dec 2012, 01.41 AM |

Retard

CBC is mostly into IT consulting with minimal IT strategic consulting exposure. There is no business/management consulting in CBC. The roles you would get will be akin to that of Business Analysts where you will go to clients to gather requirements(If you are onsite) or Drawing the process flow diagrams and all that stuff(if you are on offshore). Basically for an IT project you are the go-to guys for any requirement related doubts.

24 Dec 2012, 03.25 PM |

Neutral_Junta

Accenture Management Consulting is one of the best consulting roles...next only to strategy consulting roles at all IIM's. Much better than CBC and Capgemini. Capgemini will be a rung lower or similar level to CBC.

24 Dec 2012, 08.15 PM |

SIDDHARTHA

@ Neutral_Junta-- Sir, I don't know if u are gonna see this before 9th March (my IIM-A interview) [I really hope u do:( ] but if u do, please reply to my query--> U (along with 2 other very insightful guys here) seem to have a great depth of knowledge about THE top colleges & i really wanted your views on 2 topics- 1) It is my dream to get into a top notch consulting firm after my MBA [By top notch, besides the BIG 4, I also mean Accenture, ATK, Oliver Wyman, Arthur D Little] but as is popularly believed & reciprocated by u as well, having an IIT background does have a great weightage. Now I don't have that. But I do have pretty good acads [92+ in both 10 & 12] & a good ECs [ national level football player, certified scuba diver, certification in water surfing]---- Does these offset the negatives of NOT having an IIT degree at all?? :O Or do I come across as too frolicsome rather than a brilliant allrounder? :O Will these have ANY impression in the minds of the panel (good or bad]? :O Or should I stop dreaming of a top notch consulting job? :O 2) Is it (huge weightage on a IIT degree) the same for THE topmost marketing companies as well ? :O or there do I stand any chance? :O [PS- I am asking this as I am surely gonna face the question- "what are u gonna do after MBA" & I dont AT ALL want to give an answer where I come across as a day-dreamer, someone far removed from the reality. So I wanted to have a clear idea of things before I jump into it] Please reply sir

25 Feb 2013, 02.42 AM |

USA Indian

I'm not sure how you can say that there is no client interaction at all in IT Consulting. Probably you will change your statement once you see how IT consulting works in USA.

2 Feb 2013, 10.04 PM

+Read Replies (1)

Lexi Moore

This article is not upto the mark and written in biased manner. Refer my comments, hope it helps to get more clarity on this fact.

31 Aug 2013, 09.41 PM |

Rachit

is there any SCM/strategy/management consulting profile in TCS? And which other consulting firms are good as far as SCM consulting is concerned? Thanks

24 Feb 2013, 11.00 PM

Samik

If I have studied PGDHRM from XLRI or MDI for example and I get placed in a consulting firm (the big 4 for example) what would be the kind of profile offered to me?

19 Mar 2013, 12.37 AM

Lexi Moore

Dear InsideIIM team, perhaps you should consider upgrading this article in examples and company names. The IT consulting firms suggested as CBC, TCS and Wipro (even Infosys) have their own process and domain consulting arms with heavy client interaction and business information based consulting deals. All these big IT firms are wise enough to get involved in the process consulting space. IT consulting firms are supposed to know business nowadays, without this understanding no IT firm can get a single multimillion dollar deal. You should have a closer look at IIM placement reports when we say lot of people (even from core background) are hired by IT firms in large numbers. Pure play IT consulting firms are non-existent now. Large IT firms understand this very well. Even though they are not seen as a prominent process consulting firms, one should not disguise them as pure IT consulting firms. No offense but Please work in the consulting market and get your ideas clear before writing an article like this.

31 Aug 2013, 09.39 PM

Jeswin Joy

Is there a similar analysis on finance?

19 Apr 2018, 01.26 PM

Vaishnavi Deshpande

A student of the PGP 2017-19 batch at IIM Sirmaur With a work experience of 2.5 years in IT, she is pursuing dual specialization in IT/Analytics and Finance. An active quizzer, performing artist and member of the Media Cell, she aims at creating opportunities and making most of them for all-round development.

Can IT and Finance combination work with the consulting profiles?

6 May 2018, 09.51 AM

Kiran Pandiyan

How do I enter consulting without an MBA degree. I'm going to study Project management in abroad

9 Jul 2019, 08.07 AM