Consulting is one of the most varied career paths an MBA can pursue. As a consultant, you will spend your career helping companies in your area of expertise, with the vibrant nature of work coming from the companies and their intriguing problems.\r\n\r\nThe possibilities are endless – you could help a software firm in Silicon Valley facing financial difficulties during a buyout one week, then telling a Wall Street Bank how best to invest the week after. \r\n\r\nIn our recent QS MBA Rankings by Specialization for Consulting, we included 50 different schools which offer the best possible programs for you to head down the consulting route via your MBA.\r\n\r\nTop consulting firms hire more MBA graduates than nearly any other type of employer. Students are prepared for a career in consultancy through their MBA as the program helps them to cultivate business expertise, allowing grads to offer deep business insight.\r\nWhat is an MBA in Consulting?\r\n\r\nAn MBA in consulting teaches students to refine the strengths that consulting firms will be on the lockout for, such as business problem solving, communication, corporate strategy skills and analysis of business situations and issues.\r\n\r\nWhat You Need to Study an MBA in Consulting\r\n\r\nEach consulting-tailored MBA program will have different requirements. Generally, most b-schools will require the following:\r\n\r\n\r\n\tThree to five years of professional experience (although this can vary)\r\n\tAn undergraduate degree\r\n\tA good GMAT/GRE score\r\n\tEmployers’ recommendation\r\n\r\n\r\nMBA in Consulting – Course Content\r\n\r\nMBA programs tend to feature consulting classes both in the core curriculum and through electives, which will help you fine-tune your unique strengths and business acumen.\r\n\r\nGenerally, consulting MBA students will take some or all of the following courses:\r\n\r\n\r\n\tConsulting\r\n\tBusiness Strategy\r\n\tAsset Valuation\r\n\tBusiness Communication\r\n\tBusiness Ethics\r\n\tSupply Chain Management\r\n\tNegotiations\r\n\tCorporate Strategy\r\n\tInnovation Management/Strategy\r\n\tOrganizational Behavior\r\n\tFinancial Accounting\r\n\tQuantitative Analysis\r\n\tOperations Management\r\n\r\n\r\nMBA in Consulting – Cost \r\n\r\nCosts for a full-time MBA with a consulting specialization at a top 10 school vary from US$60,000 to over US$140,000.\r\nINSEAD has been ranked as the best business school in the world for specializing in consulting. The INSEAD MBA program is split between their Fontainebleau (France) campus and their Singapore campus, giving students a global experience. The complete top 10 can be found below:\r\n\r\n1) INSEAD\r\n\r\n2) London Business School\r\n\r\n3) MIT Sloan School of Management\r\n\r\n4) Columbia Business School\r\n\r\n5) The Kellogg School of Management\r\n\r\n6) The Wharton School\r\n\r\n7) The University of Chicago Booth School of Business\r\n\r\n8) Michigan Ross School of Business\r\n\r\n9) NYU Stern School of Business\r\n\r\n10) The Fuqua School of Business\r\nTop Careers to Pursue with an MBA in Consulting\r\n\r\nOne of the big questions you’ll ask yourself is whether you’d like to work for a large or small consulting firm. Both firms have advantages and disadvantages – a con for you may be someone else’s pro – and require different skills, with regards to consulting and interpersonal skills.\r\n\r\nLarge firm\r\n\r\nThere are typically more offerings of companies to work for within the network of large firms, as well as, higher salaries, upward mobility, the chance to manage other consultants, and the opportunity with household name brands.\r\n\r\nAll positives yes – but with those perks come longer hours, hectic schedules, lots of frequent (if not constant) travel and relocation (national and international) and typically higher stress levels.\r\n\r\nSmall firm\r\n\r\nSmaller consulting firms are like any other small business where employees are required to be multitalented, highly functional, and motivated.\r\n\r\nConsultants in small firms need to be competent enough to find their own work, act as accountants, work in sales, marketing, and strategy alongside their bread and butter consulting work.\r\n\r\nDepending on the sector, the agency itself and its relationships, your workload may not be consistent. But this could be a positive as you may have a more flexible personal schedule, travel less, and enjoy a closer, more personal relationship with clients.\r\n\r\nSalaries\r\n\r\nConsultants play a fundamental role in all types of businesses, leading to generally high salaries and bonuses.\r\n\r\nHere are some of the top-tier consulting positions with the highest average salaries you could land after your MBA, according to Indeed research:\r\n\r\n\r\n\tBusiness Consultant: US$71,853\r\n\tConsultant: US$74,997\r\n\tManagement Consultant: US$84,642\r\n\tFinancial Consultant: US$88,497\r\n\tSystems Consultant: US$93,956\r\n\tSenior Consultant: US$98,468\r\n\r\n\r\nTop Firms Hiring Consulting MBAs\r\n\r\nIf a successful career at a top consulting firm is your goal, here are the firms you should consider sending your application to:\r\n\r\nUS and Canada\r\n\r\nAccording to Vault’s annual survey for 2019, the top 10 consulting firms in North America are:\r\n\r\n\r\n\tMcKinsey \u0026 Company\r\n\tBain \u0026 Company\r\n\tThe Boston Consulting Group, Inc.\r\n\tDeloitte Consulting LLP\r\n\tOliver Wyman\r\n\tPutnam Associates\r\n\tEY-Parthenon\r\n\tPricewaterhouseCoopers Advisory Services LLC\r\n\tBridgespan Group\r\n\tAccenture\r\n\r\n\r\nEurope\r\n\r\nVault.com’s top 10 consultancy firms to work for in Europe are:\r\n\r\n\r\n\tMcKinsey \u0026 Company Europe\r\n\tBain \u0026 Company Europe\r\n\tOliver Wyman Europe\r\n\tRoland Berger Europe\r\n\tA.T. Kearney Europe\r\n\tOC\u0026C Strategy Consultants Europe\r\n\tSimon-Kucher \u0026 Partners Europe\r\n\tImplement Consulting Group\r\n\tQVARTZ\r\n\tArthur D. Little Europe\r\n\r\n\r\nAsia\r\n\r\nThe equivalent top ten 10 for Asia is not dissimilar:\r\n\r\n\r\n\tThe Boston Consulting Group, Inc. Asia\r\n\tMcKinsey \u0026 Company Asia-Pacific\r\n\tBain \u0026 Company Asia\r\n\tDeloitte (Asia Consulting Practice)\r\n\tRoland Berger Asia\r\n\tA.T. Kearney Asia-Pacific\r\n\tOliver Wyman Asia-Pacific\r\n\tOC\u0026C Strategy Consultants Asia\r\n\tAlvarez \u0026 Marsal Asia\r\n\tSimon-Kucher \u0026 Partners Asia-Pacific\r\n\r\n\r\nBest Countries for a Career in Consulting \r\n\r\nMost of the world’s top consulting firms are located in North America – particularly the US – and Europe, with France and the UK at the forefront of the sector.