Practical Steps to Become a Management Consultant in 2025
Updated on Jan 15, 2025 | 15 min read | 58.6k views
Share:
For working professionals
For fresh graduates
More
Updated on Jan 15, 2025 | 15 min read | 58.6k views
Share:
Table of Contents
In today’s fast-paced business world, the demand for management consultants is growing as companies face intense competition and increasingly turn to specialists for guidance.
Reports suggest that the Indian consulting market is expected to reach 24 billion USD by the year 2025. If we talk about global numbers, the management consulting services market is predicted to grow $1067.36 billion in 2025 at a compound annual growth rate of 4.6%. These massive numbers indicate the vast potential for career growth and lucrative job opportunities in this sector.
In this guide, we will walk you through the practical steps on how to become a management consultant, helping you build the skills and knowledge needed for a successful career in this field.
So, let’s dive in as we explore key steps, with requirements, career opportunities as well as popular management consultant courses that you can pursue!
Learn Management Courses from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.
Becoming a management consultant is an exciting and rewarding career choice that offers the opportunity to work with diverse businesses and industries. In this step-by-step guide, we will walk you through the essential process of entering the management consulting field, from educational requirements to gaining experience, helping you understand how to successfully pursue this dynamic profession.
But before, you examine the steps to become a successful management consultant, let’s take a brief look at what does a management consultant do?
The major roles and responsibilities of Management Consultants are as follows:
To become a management consultant, you will need a degree in any of the fields like business administration, economics, or finance to provide the foundational knowledge needed for this role.
These areas of study cover crucial topics such as strategic planning, data analysis, and financial management, all of which are key skills in consulting.
Here’s a step-by-step guide to starting a career in management consulting:
Boost your career with an MBA from upGrad! Explore flexible, industry-relevant courses today and take the first step toward your future success.
Must read: Top 30 Interview Questions & Answers for Freshers
To become a management consultant, having the right qualifications is essential. While specific requirements may vary by company, certain educational backgrounds, skills, and experience are commonly sought after in the consulting field.
Below are the key qualifications you need to become a management consultant:
1. Undergraduate Degree:
Finished your BBA and exploring what’s next? Unlock a world of opportunities with our guide on career options after BBA to navigate your professional journey ahead.
2. Master’s Degree:
3. Relevant Work Experience:
4. Certifications:
5. Key Skills:
Becoming a management consultant in India requires a strong educational base. The right courses help you build the skills needed to solve complex business problems, lead teams, and offer valuable insights to clients.
Both undergraduate and postgraduate courses play an important role in shaping your career as a management consultant.
But do you know which course you should opt for to become a Management Consultant in India?
Refer to this table to learn about the best management consultant courses you can take to kickstart your journey toward a rewarding career:
Course Name |
Course Type |
Average Course Duration |
Bachelor of Business Administration (BBA) |
Undergraduate (UG) |
3 years |
Bachelor of Business Management (BBM) |
Undergraduate (UG) |
3 years |
Bachelor of Commerce (B.Com) |
Undergraduate (UG) |
3 years |
Bachelor of Economics |
Undergraduate (UG) |
3 years |
Bachelor of Management Studies (BMS) |
Undergraduate (UG) |
3 years |
Master of Business Administration (MBA) |
Postgraduate (PG) |
2 years |
Master of Management Studies (MMS) |
Postgraduate (PG) |
2 years |
Master of Business Analytics (MBA in BA) |
Postgraduate (PG) |
2 years |
Postgraduate Program in Management (PGPM) |
Postgraduate (PG) |
1-2 years |
Master of Finance and Control (MFC) |
Postgraduate (PG) |
2 years |
By now, you must have gained a fair idea of how vital skills can be in a management consulting role. It is really important to develop a strong set of skills to succeed as a management consultant. This will help you analyze problems, communicate effectively, and provide valuable solutions to clients.
These skills are not only essential for problem-solving but also for building strong relationships with clients and colleagues.
Below are the key skills needed to succeed in the field of management consulting.
1. Leadership:
Enroll in this 4-month Executive Leadership Certification in partnership with Cornell University now!
2. Analytical Thinking:
3. Problem-Solving:
4. Communication Skills:
Sign up for upGrad’s Free Online Course on Communication with Certification to enhance your communication skills.
5. Teamwork:
6. Time Management:
Know More Here: 15 Ways to Improve Your Time Management Skills
7. Adaptability:
8. Client Management:
Also Read: 5 Key Skills Required for a Successful Management Career
India has a booming management consulting sector, with numerous top firms hiring skilled professionals to help businesses navigate complex challenges and improve operations.
These firms range from global giants to industry-specific consultancies, each offering unique opportunities based on their areas of expertise.
According to India Business & Trade, the Indian consulting services industry has seen impressive growth over the years. In 2021, it was valued at USD 316.5 billion and is expected to reach USD 811.3 billion by 2031, growing at an annual rate of 10.2%.
This growth highlights that there will be a notable increase in job openings for management consultants in India in the coming years.
Here are some of the top recruiters for management consultants in India:
Top Firms |
Industry |
Accenture |
|
pWc |
|
Delloite |
|
KPMG |
|
IBM |
|
Vector Consulting Group (India) |
|
EY |
|
Infosys |
|
Wipro |
|
Tata Consultancy Services |
|
Source: Glassdoor
In the wake of newer challenges and continuous transformation, especially since the post-pandemic era, the career outlook for management consultants in India has been witnessing several trends.
As per RBI data, the employment rate in India has grown 36% in the past decade. The advancement in the Indian economy and business landscape in sectors like fintech, healthcare, IT, financial services, retail as well e-commerce is paving further way for demand for management consultants who play a key role in driving business growth and expansion.
A number of factors have influenced the changes and the job market. Let’s list down these factors:
Now, let’s examine the salary outlook for management consultants. The salary of a management consultant in India too varies widely depending on factors such as experience, job role, location, and the consulting firm. As you progress in your career, earnings tend to increase significantly.
Below is a general breakdown of the salary structure from entry-level to senior roles, along with how factors like experience, city, and company can impact your earnings.
1. Entry-Level (0-1 years of experience): At the start of your consulting career, you can expect to earn around INR 15.5L per annum as per Glassdoor, with most firms offering a base salary along with performance bonuses.
2. Mid-Level (4-6 years of experience): At this stage, consultants take on more responsibility, including managing projects and leading teams. Salaries increase accordingly. According to Glassdoor, Management Consultants with this experience can get a salary of INR 26L per annum.
3. Senior-Level (10-14 years of experience): Senior consultants, managers, and partners, who have proven expertise and leadership skills, earn significantly higher salaries, often with additional bonuses, profit sharing, and other incentives. As per Glassdoor, their average annual salary is approximately INR 28L.
The average salary of a management consultant in India can range from INR 15L to INR 30L per year, depending on the factors mentioned above.
Below is a table of the average annual salaries for management consultants across some top cities in India.
City |
Average Annual Salary |
Mumbai |
INR 26L |
New Delhi |
INR 25L |
Bengaluru |
INR 27L |
Hyderabad |
INR 22.5L |
Chennai |
INR 16L |
Source: Glassdoor
Note: The salaries mentioned in the table are approximate and may vary as per the employer and experience.
A career in management consulting comes with numerous benefits, making it an attractive option for those looking for dynamic and rewarding work.
Consultants play a key role in helping organizations solve complex business challenges, which provides both personal and professional growth.
Here are some specific advantages of becoming a management consultant in India:
1. High Salary
2. Travel Opportunities
3. Quicker Success
4. Growing Field and Demand
It is 2025, and online education is the new normal! You don’t necessarily need to be on campus of reputed colleges to obtain necessary skill certifications or even pursue higher study options.
As management professionals who often look to pursue a management master’s after some years of work experience, not everyone can pursue a full-time on-campus program to elevate their worm profile.
As the job market and business needs have advanced, so has the education scenario. In a digital world, you can now avail a complete degree experience, completely remote with a range of online education options at your disposal.
At upGrad we aim to take your learning journey up a notch with our specialized learning programs. From short-term skill-based courses to full-fledged degree courses, we have got you covered!
Explore our different management courses and enroll in the one that suits your needs the best:
And that’s not all, you can also explore our Free Management Courses to kickstart your learning journey!
Learn at your own pace, from renowned industry experts and also avail end-to-end career assistance with upGrad learning!
If you’d like to receive expert guidance, go ahead and book a free counseling session with us now!
Enhance your expertise with our Popular MBA Courses. Explore the programs below to find your ideal fit.
Expand your knowledge with our Popular Articles Related to MBA. Browse the programs below to discover your ideal match.
Reference Links:
https://www.theceo.in/industry/best-business-consultants/india-consultancy-sector
https://consultingquest.com/insights/key-trends-india-consulting-industry/
https://www.glassdoor.co.in/Salaries/mumbai-management-consultant-salary-SRCH_IL.0,6_IM1070_KO7,28.htm
https://www.glassdoor.co.in/Salaries/chennai-management-consultant-salary-SRCH_IL.0,7_IM1067_KO8,29.htm
https://300hours.com/management-consulting-career-path/
https://www.ibef.org/industry/services
https://www.statista.com/outlook/dmo/app/business/india
https://www.business-standard.com/economy/news/employment-rate-jumps-36-to-64-33-cr-in-modi-tenure-mansukh-mandaviya-125010200451_1.html
https://www.indiabusinesstrade.in/blogs/indian-consulting-industry-time-for-a-new-playbook/
Get Free Consultation
By submitting, I accept the T&C and
Privacy Policy
From MBA to Dream Job - Explore Our Alumni Success Stories
Top Resources