2(c) BCG Matrix & Example

Pros of Consulting

Networking:

• Working with multiple teams • Interaction with several different stakeholders • Solving a problem requires inputs from people working in several domains, good number of connections in a smaller amount of time

Diversity in work:

• Exposure in several industry/fields • Type of projects like operations, entry/exit, growth strategy

Steep Learning Curve:

• Working on complex business problems • Developing strong analytical and communication skills

Better exit opportunities:

• More leadership position • VC • Policy making

Cons of Consulting

Hard work:

When you work in the consulting domain, it generally entails: • Long working hours-can span more than 12 hours per day • High Pressure environment with stricter deadlines • Diversified project means that you have to put an effort in learning while doing job

Travel:

Frequent travelling within smaller time span affects the efficiency and could be stressful for anyone

Problems like staying away from family and travelling to remote locations are frequent issues that come while working in this domain

Roles in Consulting Career Progression in Consulting

Front End People:

• Directly in touch with clients • Have the responsibility to present the work done by the team

Back End Support Team:

• Specialization in specific skills like domain knowledge, data analytics, etc.

Knowledge Team:

• Release papers, sectoral issues, general knowledge and research • Monitor economic and other macro factors and provide inputs to firm

Support Staff:

• Create stuff like PPTs, Videos, Promotional activities etc.

Expert Support:

• Industry experts like food, automobile, etc.

Partner

Director

Principal

Manager

Consultant Building corporate strategy like restructuring, business assessment, etc.

Associate Better client interaction, deriving insights from in depth analysis, etc.

Analyst Data collection, documentation, problem solving, etc.