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New report reveals views of new generation of management consultants

New report reveals views of new generation of management consultants

New research from the MCA (The Management Consultancies Association) reports high levels of job satisfaction and commitment amongst younger management consultants.Two out of three young consultants rate their job satisfaction as good or very good.

The research, based on a survey of over 300 younger staff at MCA member companies, also suggests that there is no typical recruit into the industry at graduate level, with over 65 UK universities represented along with a wide array of degree subjects.

Commenting, Alan Leaman, Chief Executive of the MCA, said:

“Many management consultancies flourish by recruiting and retaining the best young talent. This research gives the first in-depth account of the views and experience of this generation of consultants. We have discovered what they think about their careers, their work-life balance and future prospects.”

The study looks at the educational background of consultants, their experience of work and internships and their perceptions of the consulting industry. It will be an invaluable resource for anyone considering a career in consulting, recruiting consultants or advising on careers. 

The report finds that: “Young consultants appreciate the interesting nature of the work they do, its variety, and their opportunities to advance within their company.”

Key other findings of the report include:

51% of recent recruits to the industry have a social sciences or business and finance degree

Two thirds have attended Russell Group Institutions

52% of respondents had undertaken an internship prior to entering the industry, most of them paid

The report also looks at the more difficult issues of work-life balance and time spent away from home.  Although feelings about work-life balance improve once young consultants join the industry, they remain the most significant cause of concern, particularly for younger women. Poor work-life balance is most frequently cited as a reason to leave the industry by those who are considering doing so. Women are much more likely than their male colleagues to want to reduce the amount of time they spend away from home.

“Who wants to be a management consultant?”also puts forward a number of recommendations for action by individual consulting firms and the wider industry.


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