This course gives you the inside track on one of the most lucrative professions in the world. Management consultants are highly sought after by firms who want to achieve higher performance and need experts in best practices and solving complex business problems. In this course I draw on my ten years of experience in management consulting to teach you how the profession works, what you can expect as a consultant and how they work with clients to add value. If you ever wanted to learn about management consulting from someone who has truly been there and worked their way up through the system, then this course will give you that outcome. Each lesson includes a handy worksheet that provides quick reference to the key skills and insights that I teach you.
In this course you will learn the following about management consulting:
Which are the big firms and how do they differ from the specialist consultancies
A typical management consulting career path and how you can work your way up the ladder
The typical skills that you need to deliver value on client engagements
Pricing and billing of client engagements and the role you play in managing finances
The reasons a firm will engage a team of management consultants
What type of roles you can expect if you become a consultant and how to position yourself
The importance of always demonstrating business value to a client
The increasing importance of delivering sales targets as you advance in a consulting career
A typical day in the life of a management consultant
The importance of being mobile in your management consulting career
The reason I left management consulting despite enjoying numerous international projects
How to integrate into the client's organisational culture and the pressures this creates
Working with multiple consultancies and my experience of working with McKinsey
The stages of a client engagement from the RFP through the project and close-out
Knowledge exchanges and the importance of access to the skills of a global workforce
The reason that management consultants use case studies in their interviews
Fixed price versus Time & Materials as different methods of billing and the pros and cons
Best practice in different industries, functions and what clients expect when they hire consultants
The important difference between knowing best practice and being able to apply it
Typical expectations of the different levels such as analyst, consultant and manager
How to understand the difference between specialist consulting and management consulting
The importance of delegating to empower younger, cheaper consultants
The increasing levels of ownership that you need to demonstrate to get promoted
This course provides you with an indepth look at management consulting that can only come from extensive experience in the industry and inside knowledge. The lessons all build on eachother and fit together to give you a holistic learning experience that will position you with the knowledge and insights about management consulting that you need.