Movemeon news – Popular next steps for management consultants

Movemeon news – Popular next steps for management consultants

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Summary

When it comes to preferred roles we uncovered some clear trends. 85% of consultants said would consider Corporate Strategy. The opportunity to set the strategic direction of a company is very enticing.

With consulting being such a popular career path, an article by Hiperpool discusses the most popular next steps for management consultants, here were the best bits. 

Consulting helps you to develop so many transferable skills you can succeed in a wide range of careers. This can include large corporations, investment management or advisory firms. When you are confronted by the option of leaving or staying in consulting – be that for a corporate a start-up or for private equity – there is no harm in understanding the likely impact of that decision on your earnings.

Most consultancy firms offer a wealth of resources to help you prepare. It is important that you use them. 88% of consultants consider large corporate firms. They tend to have excellent benefits packages, vast support networks and training allowances.  The most common reason for wanting to move to a corporate is for a better work-life balance.

The rise of startups

We’re still living in an age of disruption. Companies built out of garages have become integral parts of our day-to-day life. Startups are impacting the way we travel, shop and eat on a daily basis. We found that 4 out of 5 consultants are ready to step away from the safety net of life in a large corporate and pursue an entrepreneurial path. Find out what happens to your salary when you leave consulting for a start-up here.

85% of consultants said would consider Corporate Strategy. The opportunity to set the strategic direction of a company is very enticing.

Many expressed interest in a diverse Business Development role. As a similarly broad discipline to consultancy, it offers many exciting challenges that are dependant on the business need.

Over half of consultants stated they would be happy to remain in consulting but are open to a change in employer. Deciding to change companies could offer better progression, preferable locations and better benefits.

Just shy of half find product management roles attractive. A slightly different pursuit that is a good fit for consultants due to the similar skills involved. Experience in strategy and analytics is incredibly useful in this role. Have a look at our article based on popular career paths amongst consultants.

If you are interested in finding out more, you can find the full version of the article here 

 

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