Thursday, December 2, 2010

CNN Rates Management Consulting 3rd Best Jobs

The November 2010 issue of CNN Money Magazine released a study of the 50 Best Jobs in the United States. The study used a number of criteria to rank positions, including:

  • Satisfying nature of the position
  • Potential position growth
  • Flexibility
  • Median salary
  • Stress
Among jobs like ER Physician, Physical Therapist, Risk Management Manager, Test Software Engineer, Sales Director etc, Management Consulting landed third place on the list!


What they do:
Advise companies on how to grow the business or battle a problem. Economic upheaval is forcing many firms to rethink strategies, creating a need for advisers on everything from pricing and operations to cost-cutting and sales growth. Information technology consulting is one of the fastest-growing areas, as is helping companies explore international markets.

What's to like:
Teamwork, project variety, and the satisfaction that comes from solving tough problems. "I love the challenge of a company saying, ‘We want to grow revenues by 20%. How can we do that?' " says Sukanya Soderland, 32, of Oliver Wyman in Boston.

Michael Sherman, 37, of The Boston Consulting Group in Dallas likes that "you get training in a couple years that would take a decade in a corporate setting." Big consulting firms such as McKinsey & Co. may offer higher salaries, boutique firms tend to be more specialized.

What's not to like:
Grueling travel schedules, late hours, and punishing deadlines.

Requirements:
Just about anybody can claim the title (nearly a third are self-employed), but an MBA coupled with experience inside firms in your field gives you an edge. Nowadays many laid-off managers are finding that their industry knowledge and access to insiders translates well to consulting.

source : consultingcase101

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