Management consulting is popular field for eager graduates because it puts them in a position of authority right away. Every company, no matter how large or small, needs good management to maximize profitability. The position holder is expected to give expert advice to corporate executives.
One advantage of this position is that it is a continuous series of individual consulting jobs, few of which last more than a couple of months. This adds variety to the job, which can range from advising a new restaurant chain to helping an alternative energy firm get off the ground.
Management consultants meet with clients, develop plans to solve their problems and help them implement changes. Most people in this field work for a consulting firm, but there are also in-house positions with major corporations. A common focus of management is making the supply chain of a business more efficient. Healthcare, alternative energy, informational technology and infrastructure are some of the biggest industries in the field.
Specific degrees are not as important as a high GPA from a reputable university. Communication skills are a must, as is the ability to think quickly and to adapt to changing situations. Pay starts at around C
$72,000 right out of college, and job holders can expect to earn more than C
$100,000 within a few years.