In this article you will learn:
- What you can expect from a role in management consulting
- How you can prepare for your role
- How to take full advantage of an opportunity in consulting
When it comes to getting a gold star on your resume, there are few better ways to do so than to land a job in management consulting. Lauded for its ability to attract the best and brightest and produce some of the most impressive leaders for business and society alike, the consulting industry is known to attract smart, ambitious folks from some of the most prestigious colleges and graduate programs from around the world.
Despite the enormous sizes of firms like McKinsey & Company and the Boston Consulting Group, the proportion of applicants who make it through to the offer stage is devastatingly small. Take business schools, for instance – of about 150 students who apply, only around 20 ultimately receive offers. This represents a 13% acceptance rate, and from a pool of candidates who are already primed for consulting interviews.
But for those who do end up landing one of these highly sought-after internships or full-time offers, what is there to expect? How do you prepare for your new role? Can you prepare? Here’s the good, the bad, and some advice from consulting veterans on how to cope.