Consulting - A Primer

Most students respond to job market trends by changing their innermost convictions and long-term career goals with the slippery ease of a chameleon. The consulting industry is one such beneficiary of a structural shift in aspirations. Banking was brought down to its knees in 2007, and it continues to be in limbo, with companies like UBS, Bank of America, HSBC, Citigroup announcing major job cuts across service lines and especially in investment banking. Management consulting, on the other hand has remained fairly insulated from all the bad news about the economy, and has emerged as the preferred option for India’s best and brightest. Here’s a primer on the consulting industry, the types of consulting firms, pros and cons of working in a consulting firm.