Management consulting involves, in the UK, helping organizations solve business problems, improve performance and operations, and implement lasting change. Management consultants help to improve efficiency, maximize growth, and create value. They also help organizations become more competitive, productive, or sustainable.
Core Areas of Management Consultancy
- Strategy and Transformation Consulting
- Financial Consulting
- Human Resource Consulting
- Change Management Consulting
- Operations Management Consulting
- Project Management Consulting
- Product Management Consulting
- Technology Consulting
Core Skills Required
- Analytical and Research Skills
- Problem-Solving Skills
- Organizational Skills
- Communication Skills
- Teamwork and People Skills
- Commercial Awareness
- Leadership Skills
- Stakeholder Management
Top 20 Management Consulting Firms In The UK
- Deloitte Touche Tohmatsu (Deloitte)
- PricewaterhouseCoopers (PwC)
- McKinsey & Company
- Accenture
- KPMG International (KPMG)
- Boston Consulting Group
- Bain & Company
- Ernst & Young (EY)
- IBM Consulting
- AtkinsRealis
- Capgemini
- Grant Thornton
- BearingPoint
- Kearney
- PA Consulting
- Atos
- Curzor Consulting
- Oliver Wyman
- Baringa
- Vendigital
Helpful Tips to Become a Management Consultant
To get into management consulting, you need to demonstrate strong professional performance, strong academic achievements, and an enviable impact as an experienced hire, or the potential to achieve exponential results as a graduate (entry-level) hire. These tips should help:
- Develop the skills, capabilities, experience, and qualifications required
- Develop sector knowledge, commercial awareness, and technical authority – for example, if you want to consult using your expertise as an engineer, you definitely need to know what a float switch is and why it should be used!
- Speak to a friend, mentor, or coach
- Craft your CV, cover letter, and LinkedIn profile to suit the role and industry. Use
You can get into management consulting in the UK using @HighImpactCV or @BTDTHub if you are based in Nigeria, Ghana, or Kenya.
- Apply for specific rather than generic roles and get ready for interviews
- Prepare for the screening interview (usually 10–20 minutes)
- Prepare for the final interview (usually 1-2 hours) If you are looking for a rewarding and challenging career, you should consider management consulting.
Management consulting in the UK or any other country provides opportunities for professional candidates with deep expertise. It will continue to be a highly valued profession. And anyone can make it to Management Consulting, including YOU!
Frequently Asked Questions (FAQs)
- How do I get into management consulting without an MBA? The most common pathway to get into management consulting without an MBA is through an undergraduate degree in business. However, that is by no means the only path. If you have already been working in an industry where the skills you developed are similar to consulting (finance, investment banking, advisory, etc.), then you can get into management consulting. Furthermore, an MBA degree is a passport to a flourishing career as a management consultant in the UK because it is among the most sought-after and rewarding careers in the business world, offering a variety of opportunities to work on challenging and impactful projects across industries and geographies.
- How to get into management consulting with no experience? If you do not have an MBA degree or previous experience in management consulting, you can get involved in consulting internships, working with a wide range of clients from different sectors, applying for online management courses, virtual internships, training, getting involved in volunteer work and local community activities, and taking on leadership courses and fellowships.
- The best degrees for management consulting are: a) Business and Management; b) Economics; c) Accounting, Commerce, and Finance; d) Law; e) Engineering; f) Computer Science and Information Technology (IT).
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Do management consultants make good money? Management consultant professionals in the United Kingdom take home an estimated salary, between £35,690 and £106,623, depending on experience, according to Glassdoor. The estimated total pay for a management consultant in Nigeria is NGN 667,500 per month in the Lagos area, with an average salary of NGN 317,500 per month.
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Who are the Big 4 management consulting firms? Deloitte, KPMG, EY and PwC.
- Who can I work for as a management consultant? As a management consultant, you have a wide range of options when it comes to employment. These could include human resources, information technology, systems, and applications; business strategy and planning; finance and budgeting; and outsourcing.
Article source: Dipo Awojide (@OgbeniDipo)
Published and modified by: Ndaman Joshua Olayinka, Editor, Yinksmedia
