Twenty years ago, management consultancy was an easy business. The consultancy boom of the 90s saw several smaller Indian companies turn into "consulting firms" overnight. They built exposure to the right market and kick-ass talent that could "sell" ideas and make an impact. Soon, they were set to bag the top honours and the best jobs in the industry. Their talent pool enjoyed hefty pay packets, luxurious perks, plenty of travel opportunities and time off when the going got too much.
A couple of decades later and now the situation seem vastly different. Management consultancy today is a dog-eats-dog world, aggressively competitive and no longer the "easy" market it earlier was. Mind you, it is still an enormously profitable business. However, management consultant firms now earn every penny of their pie.
If you are a new recruit or an experienced employee looking to make the switch and join top management consulting firms in India, you will have to recognize that the gap between conventional product or project-based companies and consulting firms has reduced drastically over the years. However, consulting firms still do offer lucrative career choices, and niche work.
Here are 3 top factors you can consider, to choose among the top management consulting firms in India.
Brand name: Brand names still do matter in the business. When you choose a reputed brand over smaller brands, you are assured of elite and long-term clients that sign up as much with the brand, as with its talent. Also, big brands have typically seen through challenging times, be it an economic meltdown or a talent-poaching boom. Hence, their ethics and work culture is robust enough to last through volatile times and offer you a secure placement.
Steady workflow: When you join a top management consulting firm in India you want to be assured of a steady workflow. The last thing you desire is to be left twiddling your thumbs because that big client has not yet confirmed its order. Hence, choose a consulting firm that has a reputation of being an even staff planner. This means that they're sufficiently staffed for both short-term and long term projects, without being unduly overstaffed.
Work culture and retention: This is an important factor, regardless of where you choose to work. Great firms will recognize that awesome talent is not to be taken for granted. Hence, they indulge their workforce with a comfortable work culture, and put effort to retain their talent. They care about their workforce, and not just the numbers crunched every day.
Quality of work: If you are being wooed by top firms, you can expect a wide variety of work. The good firms still do manage to win the cream of projects, and hence do not saddle their workforce with mundane work. Often, this is THE key factor that helps them stay ahead of the game and secure the best talent in the industry.
The top management consulting firms in India often offer you the best choices in the industry, as they recognize that it is their workforce that makes or breaks them. If you do not compromise on these factors, then you can rest assured that you will indeed win your dream job.
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