Management Consultant Courses: Courses, Types, Online, Skills, Scope, Salary

Management Consultants play a vital role in helping the business grow, increase its profit, and improve the overall process. They are business consultants who advise organizations on key metrics to help the business grow in various factors, helping tackle internal issues and maximizing profits.

Table of Contents

What are Management Consultant Courses
Eligibility Criteria for Management Consultant Courses

2.1 Certificate Courses

2.2 Diploma Courses

2.3 Undergraduate Courses

2.4 Postgraduate Courses

Types of Management Consultant Courses

3.1 Full Time Courses

3.2 Distance Courses

3.3 Online Courses

Management Consultant Courses: Top Colleges
Salary After Completing Management Consultant Courses
Top Recruiters for Management Consultant Courses
Scope of Management Consultant Courses
Management Consultant Courses: FAQs

What are Management Consultant Courses?

According to the latest studies, the Management Constancy is one of the most popular jobs among students in India. As a Management Consultant, there are many specialization fields like Finance, Human resources, Outsourcing, etc.

An average Management Consultant earns around INR 8,00,000 per annum. With such great pay scale and remunerations, the management consultants are witnessing rapid growth in numbers.
Students who want to pursue a career as a management consultant can begin with pursuing a bachelor's degree in BBA (Bachelor of Business Administration) or BA Economics or B. Com in Business Administration, which generally costs around INR 50,000 to INR 2,00,000.
To get a bachelor's degree, students have to appear for various entrance exams like DUET (Delhi University Entrance Exam), SET (Symbiosis Entrance Test), JNU EE.
After they complete their bachelor's, some students pursue a job to gain experience whereas some students enroll themselves in master courses like MBA or MPhil.
While some students prefer a full-time master's program, some students opt for distance education or a part-time master's program to work simultaneously completing their education. There are many universities and recognized institutes that provide management courses.

Eligibility Criteria for Management Consultant Courses

If we talk about educational qualifications, a Bachelor's degree is the minimum requirement for a consulting career. After completing the degree, the student can choose the major they want to pursue like IT, Finance, Human Resource, etc.

Certification Courses

Many certification courses help students in advancing their knowledge and standing out in their field. These certification courses provide testimony to the recruiters regarding your profile. Some of the certification courses that add great value to your resume are:

Course Name	Average Course Fees
CIMA Certificate in Business and Accounting	INR 2,00,000 to INR 4,00,000
Post Graduate Certificate Program in Business Management	INR 1,10,000
Executive Certificate Program in General Management	INR 1,60,000
Advanced Certificate in Managing Brands and Marketing Communication	INR 70,000

Diploma Courses

For the students interested in a Diploma, here is a list of Diploma courses that you can plan to pursue:

Course Name	Average Course Fees
Post Graduate Diploma in Management	INR 3,00,000 to INR 12,00,000
Post Graduate Diploma in Finance and Consulting	INR 10,000 to INR 6,00,000
Postgraduate Diploma in Human Resource Management (PGDM HR)	INR 8,00,000 to INR 25,00,000

Undergraduate Courses

As stated earlier, for management consultancy, the minimum requirement is a bachelor's degree. It is preferable to choose a degree in a related field. Following is the list of the courses that students can follow:

Course Name	Average Course Fees
BBA (Bachelor of Business Administration)	INR 50,000 to INR 2,00,000
BBA Human Resource	INR 4,00,000 to INR 7,00,000
B. Com in Business Administration	INR 10,000 to INR 50,000
B.A. in Economics	INR 15,000 to INR 40,000

Postgraduate Courses

Pursuing a master's degree after completing a degree is one of the most popular options. To gain relevant knowledge, students pursue a master's program. Following are some popular choices among students:

Course Name	Average Course Fees
MBA (Master of Business Administration)	INR 1,00,000 to INR 6,00,000
Master of Arts in Human Resource Management	INR 10,000 to INR 90,000
Master in Business Consulting	INR 10,000/- INR to 50,000/-

Types of Management Consultant Courses

When the person wants to learn and grow, there are various options that he or she can explore. Coming to Management Consultant courses, one gets the option to choose courses that suit the time and budget. In India, the top B Schools and many renowned institutes, provide various courses that help the student learn irrespective of the course he or she chooses. As far as Management Consultant Courses are concerned, we have many distance learning courses, Full-time courses, and also some online courses.

Full time Courses

The full-time courses are amongst the most preferred courses by the students. Irrespective of the degree level, the students prefer to gain knowledge through full-time courses, taking classes on the institute's campus. The main advantage of the full-time courses is that students get the option to avail the campus placements held by the institutes. Some popular full-time management consultant courses are:

Course Name	Institute Name	Average Course Fees
BBA	Narsee Monjee Mumbai Shaheed Sukhdev Singh College of Business Studies Chandigarh University Jamia Millia Islamia	INR 1,00,000 to INR 4,00,000
BMS (Bachelor of Management Studies)	St. Xavier’s College Narsee Monjee College of Commerce & Economics Shaheed Sukhdev College of Business Studies KJ Somaiya College of Arts & Commerce HR College of Commerce & Economics	INR 1,00,000 to INR 3,00,000
MBA	IIMs Amity University Doon Business School GIBS Business School LPU Jalandhar FMS Delhi	INR 1,00,000 to INR 6,00,000
MSc in Management	IIT Madras Sahyadri College of Engineering & Management GD Goenka World Institute	INR 25,000 to INR 8,00,000

Distance Courses

Even if the passion to study is strong, sometimes the situation isn't favorable. Therefore, for the students, who want to study but cannot pursue full-time courses, distance education courses might be the best option to look for. These courses are favorable for anyone who struggles with financial issues or cannot relocate to a new place. Some of the best courses for distance learning are as follow:

Course Name	Institute Name	Course Fees
BBA	Chandigarh University- Institute of Distance and Online Learning	INR 51,300
MBA		INR 55,300
BBA	SRM Institute of Science and Technology	INR 18,000
MBA	SRM Institute of Science and Technology	INR 60,000
Diploma in Management	University of Petroleum and Energy, Dehradun	INR 1,45,000
Diploma in Management	Narsee Monjee Institute of Management Studies	INR 47,000
PGDBM		INR 86,000
BBA		INR 1,31,000
PGDM	All India Management Association (AIMA), Delhi	INR 1,26,000
Post Graduate Certificate in Management		INR 25,500
PGDMIT		INR 1,02,000

Online Courses

Some of the most popular online courses that add value to your profile are as follows:

Course Name	Provider	Average Fees
Business Analysis Fundamentals for Management Consultants	Udemy	INR 3,520
Google Project Management: Professional Certificate	Coursera	INR 1,201 per month
Management Consulting	Harvard University	INR 2,25,000
Management Consultant 101	Universal Classes	INR 5,625
Business Management	MICA	INR 1,20,000

Management Consultant Courses: Top Colleges

When it comes to choosing the right college for your course, a student has the option to choose among various Top B-Schools and institutes in India. Though the college may vary from course to course, here is list of Top colleges that offer an excellent course related to management consultant,

Institute Name	Average Fees
Narsee Monjee Mumbai	INR 5,00,000
Chandigarh University, Chandigarh	INR 2,00,000
Lovely Professional University (LPU), Jalandhar	INR 3,20,000
Xavier University, Bhubaneswar	INR 1,52,000
IIM Ahmedabad	INR 23,00,000
IIM Lucknow	INR 11,00,000
IIM Bangalore	INR 18,00,000
IIM Calcutta	INR 20,00,000
DMS IIT Delhi	INR 8,00,000

Salary after completing Management Consultant Courses

As per the latest study, the average salary of a management consultant is around INR 11,28,850. The entry-level consultants earn around INR 6,45,000 per annum and a person with experience of around 1-4 years, earns around INR 8,73,000 per annum.

Course Name	Average Salary
BBA	INR 4,50,000 to 7,00,000
BMS (Bachelor of Management Studies)	INR 2,00,000 to 5,00,000
MBA	INR 3,00,000 to INR 9,00,000
MSc in Management	INR 2,00,000 to 10,00,000
BBA Human Resource	INR 3,00,000 to INR 5,00,000
B. Com in Business Administration	NR 3,50,000 to INR 6,00,000
Post Graduate Diploma in Management	INR 3,00,000 to INR 15,00,000
Post Graduate Diploma in Finance and Consulting	INR 2,00,000 to INR 15,00,000

Top Recruiters for Management Consultant Courses

Management consultant jobs are relevant to every industry be it I.T. Industry, Finance Companies or HR recruitment agencies. Based on the roles and responsibilities, many companies provide job opportunities to the students who have pursued their education in management consultancy.

The following are the top recruiters,

McKinsey and Company	Boston Consulting Group
Deloitte	Accenture
Bain Consulting India Private Limited	AT Kearney
EY	HCL Technologies
PwC	Wipro
Infosys	Capgemini
KPMG	-

Scope of Management Consultant Courses

The main task of a management consultant is to help the organization work on its weakness, improve its strategies and maximize profit. The career in this field is growing exponentially in India as well as globally also. Many top management consultant companies are hiring deserving candidates for various positions in this field only.

The employee number is expected to increase by 24% by the end of this decade and is among the fastest-growing job. The average salary for a management consultant is around INR 22,00,000 per annum and the highest salary rises to as high as INR 32,95,864 per annum.

Management Consultant Courses: FAQs

Ques. What does it take to be a management consultant?

Ans. To be a management consultant, you need to have at least a bachelor's degree in the relevant stream. Apart from educational qualifications, you should possess excellent communication and logical reasoning skills.

Ques. What is the future of management consulting?

Ans. Every industry is now trying to flourish, keeping this thing in mind, the need for a management consultant will increase irrespective of the industry. By the end of the decade, the demand for a management consultant will increase exponentially.

Ques. What is the best way to get a job in management consulting?

Ans. You can start your career in management consulting immediately after completing your bachelor's degree. Also, you can pursue your master's full time or through distance education. Initially, you need to work at an entry-level job like Business Analyst. With passing time, you will be promoted to associate level and then to a senior management position.

Ques. What are my career prospects as a Management Consultant?

Ans. As a management consultant, you can work as a Taxation Consultant, Business Analyst, IT consultant, etc. You can choose to work in an IT company like Wipro, Accenture, or consulting firms like McKinsey, BCG, etc.

Ques. I am pursuing PGDM to become a management consultant. What other career options do I have?

Ans. You can choose to become an HR Manager, Operation Manager, or Sales Manager after doing PGDM.

Ques. What degrees are best for management consulting?

Ans. It is advisable to choose your field of interest for majors first before selecting the degree. Based on your field of interest, choose the course

Ques. Is it compulsory to pursue MBA to become a management consultant?

Ans. No, it is completely up to the person. No company has the policy to choose only MBA students. If you want to study further in your field of interest, you can opt for an MBA and then continue your work career.

Ques. Do management consultants have a job scope abroad?

Ans. A lot of countries like Singapore, Australia, Africa require a large number of management consultants for their growing industries. Some companies based in India, do have international clients and if you are capable enough, you will get a chance to showcase your skills in front of international customers.

Ques. What is the minimum package of a management consultant in India?

Ans. The minimum package of a management consultant is INR 6,17,702 per annum.

Ques. What immediate goals should a first-year management consultant strive for once in a firm?

Ans. You need to be consistent in your tasks and should be punctual and sincere in tasks assigned to you. Be in touch with your seniors and HR and keep updated with the latest trends.