Thursday, January 10, 2008
MBA in Consultancy
Most consultancy firms see a top MBA as a fundamental management entry-level qualification. Without an MBA, it is almost impossible to become a senior consultant in a top-consulting firm. The MBA seems to have moved from a 'nice to have' to a 'need to have' qualification for those set on an international management consultancy career. According to the Survey, top consultancies are predicting average base salaries for new MBA hires of US $94,000, while one North American firm has reported making offers of as much as US $117,500. Average salaries for MBAs graduating from US schools are on the whole only very slightly higher than those from European schools. 2006 is revealing consulting job listings running well ahead of 2005, and has seen increased hiring from all the major strategy consulting firms as well as the systems integrators like Accenture, IBM and Cap Gemini. Accenture customarily hires between 10,000 and 17,000 people, globally, each year.