A job in management consulting is one of the most popular—if not the most popular—career step for recent MBA grads. Sometimes people already working in consulting get an MBA as a way to advance their careers in the industry; others use the MBA as a gateway into the sector.
For many consulting-minded MBAs, top firm destinations including the "Big Three" consulting firms, which are the three largest consulting firms by revenue—McKinsey & Company, Boston Consulting Group, Bain & Company. However, there are also many jobs available in other firms like A.T Kearney and Accenture, as well as smaller niche-oriented and regional consulting companies. The best MBAs for consulting will most likley have recruiting relationships with—and a strong alumni presence in—consulting firms.
An MBA can also lead to a job as an internal consultant, who advises firms on strategy and development, from the inside.
Business schools rarely offer MBA specializations in Consulting; however, some offer specializations in Strategy or Strategic Management. Most MBA programs also feature relevant classes in their core offerings. Some MBA programs offer students the opportunity to do a consulting project as part of the program.
The best MBAs for consulting will offer a range of curriculum important to the field, such as classes in strategy and business development. Strong business schools for consulting will also have good connections with management consulting firms, and may even hold on-campus recruiting sessions with the firms.
Below is a list of the top ten business schools to land a career in management consulting.
Looking at the school's employment statistics, LBS is truly one of the best MBAs for consulting: Over one-third of LBS’ 2016 MBA grads got jobs in the consulting sector, many of them landing jobs with large consultancies like Boston Consulting (34 recruited), McKinsey (33), Bain (15) and Strategy& (7). The school’s MBA offers various options for students to improve their consulting chops, including a summer consulting project.View School Profile
The Big Three love Columbia MBAs. McKinsey hired 55 Columbia grads in 2016; Bain hired 27 and Boston Consulting snapped up 36. In all, over one-third—33.1 percent—of Columbia’s 2016 cohort went into the strategy consulting industry after the MBA.View School Profile
The percentage of INSEAD MBAs going into the consulting sector generally ranges from between 30 to 40 percent. In 2016, it was whopping 46 percent—one of the highest rates of all schools surveyed by FIND MBA. INSEAD remains a major feeder school for large consultant firms in Europe, with 124 of the 2016 cohort going to McKinsey (50 of whom returned from pre-MBA jobs there), 67 to Boston Consulting, 48 to Bain, 24 to Strategy& (formerly Booz), and 11 to Roland Berger.View School Profile
Although the school does not offer an MBA concentration in Consulting, it does offer a major in Managing Organizations. Generally, over one-third of any given Kellogg MBA cohort goes into the consulting industry. In 2017, the top three hiring companies of Kellogg MBAs were McKinsey and Bain.View School Profile
Thirty-four percent of 2017 Darden MBA grads went into the consulting field, working for firms like A.T. Kearney, Deloitte Consulting, and Bain & Company. Darden offers an MBA concentration in Strategy Consulting.View School Profile
Forty-eight students from Booth’s 2017 MBA class went to McKinsey; 26 went to Boston Consulting. In all, over 32 percent of the class went into functional roles in consulting. Booth’s MBA offers a concentration in Strategic Management.View School Profile
Over 47 percent of 2017 Yale MBAs went into functional roles in consulting—either internal consulting or external. Yale grads are regularly snapped up by McKinsey, Booz Allen Hamilton, and the Boston Consulting Group.View School Profile
Thirty-one percent of 2017 Ivey MBAs went into the consulting industry - the highest rate of all Canadian business schools surveyed by FIND MBA. Many of the school’s graduates end up in the Toronto area, where there are headquarters for many management consulting firms. The school’s MBA offers a range of consulting-oriented electives in the Corporate Strategy & Leadership area.View School Profile
Although the school does not offer an MBA concentration in Consulting, it does offer one in Organization & Management. Forty percent of the school’s class of 2017 went into consulting services, one of the highest percentages of all US business schools that FIND MBA surveyed. Consulting-minded MBA grads go into firms like Bain, Deloitte, and McKinsey.View School Profile
Imperial students who are interested in consulting can choose from a range of electives from the program’s Strategy & Management course portfolio. Some 32 percent of 2016 Imperial MBAs went into the consulting sector. Firms like Deloitte and Strategy& regularly snap up graduates.View School Profile
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