#Updated 3rd March 2025 | 5:07pm | #MBAinConsulting
MBA in Consulting is experiencing rapid growth and increasing recognition among the youth, swiftly gaining prominence in the global market as one of the most populated focus areas. MBA in Consulting mainly provides expert opinions and suggestions to organizations and institutions on certain issues. An MBA in consulting prepares professionals to think critically about business operations and thus create effective leaders, whereas they are also able to hone their analytical and problem-solving skills.
The corporate world has a lot of openings for MBA consulting graduates because of the high demand for the required skills. A successful business cannot work without a good consultant as a strategic business advisor to help with important decision-making and promote organizational success. The growing demand for MBAs in the corporate sector highlights these individuals' indisputable worth and significance in consulting.
Read the article to get an in-depth understanding of MBA in Consulting, what consulting is in MBA, and MBA in Consultancy Management.
An MBA in Consulting is not a strictly defined type of MBA degree; rather, it is a specialization within a general MBA program tailored to prepare for careers in management consulting through subject area coursework and experience.
A general MBA covers the base of business fundamentals such as finance, accounting, marketing, and operations, whereas an MBA in Consulting emphasizes important areas such as strategic problem-solving, case studies, communication and presentation, teamwork and collaboration, leadership, and influence major requirements of the contemporary business world.
Multiple business schools impart consulting-related courses that touch upon dedicated subjects, workshops, and guest lectures from industry experts to imbue their students with real-world experience. Some programs even offer mentoring by experts or internships at consulting firms.
Undoubtedly, there is a lot of scope when discussing MBA in Consulting. However, some people struggle to find their way in the region. Therefore, before taking it forward as a full career option, one must have a complete understanding of the field and its needs to gain a clear vision. The table below provides a more detailed observation of the MBA in Consulting program, enabling a better understanding of its offerings and consultation process.
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Features Of MBA In Consulting |
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Feature |
Description |
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Course Name |
MBA Consulting |
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Course Level |
Postgraduate |
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Course Duration |
Typically, 2 years ( full-time) |
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Specialization |
Consulting |
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Entrance Exams |
CAT, MAT, XAT, CMAT, SNAP, etc. |
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Course Fee |
INR 5-20 lakhs (varies depending on the college) |
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Average Salary |
INR 6 Lakh to INR 20 Lakh |
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Best Colleges |
Indian Institute of Management (IIMs), Symbiosis Centre for Information Technology (SCIT), Great Lakes Institute of Management, SRM Institute of Science and Technology, Amity Business School |
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Mode of Study |
Full-time, Part-time, Online, Distance |
Note: The course fee and the average salary aforementioned are subject to change and may vary.
MBA in Consulting has no specific eligibility and admission norms for MBA. However, to be eligible for MBA in consulting, a candidate must meet the following requirements:
Top B-schools offering MBA in Consulting usually accept scores from CAT, SNAP, CMAT, GMAT or university-specific entrance exams.
There are usually three to four rounds of admissions for each institution or university, during which candidates are grilled on their various skills. The admission process for MBA in consulting varies from college to college. Generally, college cats select candidates on the basis of scores in qualifying entrance examinations, including CAT, XAT, SNAP, etc. The selected candidates, matching the required marks, usually appear for a round of personal interviews and group discussions to evaluate their communication and pressure-handling skills.
The final entry is based on the overall performance of the candidate in all three tours, including exam scores, personal interviews and group discussions. In some universities, the Written Ability Test (WAT) serves as the fourth round to assess the written abilities of MBA candidates.
The MBA in Consulting program is typically of 2 years, which is further broken into 4 semesters. The course curriculum for MBA in consulting generally consists of core business subjects, including specialized consulting courses.
Here's a semester-wise breakdown of the subjects covered in MBA in consulting, as follows:
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MBA in Consulting Syllabus |
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Semester I |
Semester II |
Semester III |
Semester IV |
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Financial and Management Accounting |
Marketing Management |
Electives |
Capstone Project |
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Managerial Economics |
Operations Management |
Case Study |
Business Acumen |
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Quantitative Methods |
Strategic Management |
Simulations |
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Business Communication |
Business Analytics |
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Introduction to Consulting |
Industry Analysis |
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The MBA in Consulting Management is meant for the students to gain the necessary skills and knowledge that will enable them to pursue a successful career in strategy and business management. This specialized degree opens up a number of job roles as well as different career opportunities in various other forms.
Even if you want to start your own business venture or improve your current performance, consulting will have an opportunity for every area. The table below shows a portion of the important job opportunities with their average packages for reference:
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Career Opportunities After MBA in Consulting |
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Role |
Description |
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Management Consultant |
It is to really get into the shoes of a person who is faced with client issues, devise solutions, and then translate them into implementation in various industries. |
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Strategy Consultant |
This concentrates on the long-term element of drawing up the strategic roadmap and providing advice on dealing with changing marketplace conditions. |
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Operations Consultant |
This is a role where the business processes will be optimized, and everything available will be done to facilitate making operations easier for clients. |
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Change Management Consultant |
Has overall responsibility for enabling organizational changes and the guidance of clients through transitions into new business strategy adoption. |
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Digital Transformation Consultant |
Clients are most likely engaged in transforming business processes and systems through technology in this role. |
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Human Capital Consultant |
This is about the role of bringing forth high-performance teams, managing talent with leadership development, and organizing design within an organization. |
These are a few of the top Indian MBA B-schools that hold an MBA in Consulting from both the private and government sectors, covering the said area of specialization under Consulting, and a list of the top B-schools that must be considered while thinking of an MBA in Consulting:
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Top Colleges Offering MBA In Consulting |
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IIM Ahmedabad |
XLRI Jamshedpur |
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IIM Bangalore |
FMS Delhi |
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IIM Calcutta |
SPJIMR |
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ISB Hyderabad |
IIM Kozhikode |
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IIM Lucknow |
MDI Gurgaon |
Landing at a high-paying, prestigious consulting job with your MBA in Consulting can be a dream come true. With the increasing demand in the consulting sector, there are a lot of job opportunities in the market for consultants.
Usually, big MNCs hire a huge chunk of consultants at competitive compensation packages. Here are some of the top recruiters that you might want to work with for better growth and learning opportunities, as follows:
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Top Recruiters in Consulting |
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Bain & Company |
Accenture |
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Deloitte Consulting |
KPMG |
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Apple |
Microsoft |
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Tata Consultancy Services |
ICICI Bank |
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Amazon |
EY |
A consulting MBA empowers individuals with skills in strategic thinking, problem-solving, and business analysis. It prepares them for roles in management consulting, where they advise businesses on various operational and strategic issues.
Yes, obtaining an MBA can enhance your chances of entering the consulting field. The degree provides the necessary skills and knowledge, making you a more competitive candidate for consulting roles.
Yes, consultants can get paid a lot, but it depends on several factors, such as the type of consulting, the consultant's experience, and the consulting firm.
Top management consulting firms like McKinsey, Bain, and BCG are known for offering high salaries and bonuses, making them among the top-paying consultancies.
Commonly, MBA majors in strategy, management, or general management are considered beneficial for consulting roles.
