MBA in Consultancy Management: Course Details, Eligibility, Admission, Fees
MBA in Consultancy Management is a two-year postgraduate course that deals with gaining knowledge of innovative and creative aspects related to business process analysis, project management, and consultancy practice among other topics that are deeply embedded in the curriculum. MBA in Consultancy Management jobs after graduation include outsourcing consultant, IT consultant, sales and marketing consultant, etc.
MBA in Consultancy Management Admission 2023 is conducted only for candidates who have cleared their bachelor's degree with a minimum of 50% marks or unreserved and 45% for SC/ST/PwD category from an accredited university. Apart from the merit score, the candidate also needs to qualify for the entrance exams such as CAT, GMAT, CMAT, etc. The average MBA in Consultancy Management course fees is in the range of INR 1-9 LPA.
Table of Contents
- What is MBA in Consultancy Management Course?
- Why Choose an MBA in Consultancy Management Course?
- MBA Consultancy Management Admission 2023
- MBA in Consultancy Management Entrance Exams
- Top MBA in Consultancy Management Colleges in India
- Types of MBA in Consultancy Management Courses
- MBA Consultancy Management Syllabus and Subjects
- MBA in Consultancy Management vs MBA HR
- Salary of an MBA in Consultancy Management Graduate in India
- Courses After MBA in Consultancy Management
- Career Options After Master of Business Administration in Consultancy Management Course
- MBA Consultancy Management Scholarships
- Skills to Excel as an MBA in Consultancy Management Graduate
MBA in Consultancy Management Course Details
| Degree | Masters |
| Full Form | Master of Business Administration in Consultancy Management |
| Duration | 2 Years |
| Age | There is no upper age limit to enroll in the course. |
| Entrance Exam | CAT, GMAT, MAT,XAT. |
| Minimum Percentage | A Minimum of 50% aggregate in under-graduation for unreserved category students and 45% for reserved category students. |
| Average Fees | ₹1 - 7 LPA |
| Average Salary | INR 7-30 LPA (Source :Glassdoor) |
| Employment Roles | IT Consultant, Strategy Consultant, Project Management Consultant, etc. |
| Top Recruiters | IBM Global Business Services, AT Kearney, Bain & Company, BCG, etc. |
What is MBA in Consultancy Management Course?
MBA in Consultancy Management course enhances understanding of procedures in consulting management and policy and knowledge about various concepts of consultancy management practices and their application in different fields such as banking, IT, education, financial institutes, etc. The course falls under the umbrella of MBA courses.
After completion of the MBA in Consultancy Management course, graduates can implement consulting practices and policies in top organizations like BCG, Accenture Solutions, KPMG, etc. The average salary of an MBA in Consultancy Management graduate is INR 7-30 LPA ( Source: Glassdoor)
MBA in Consultancy Management Eligibility Criteria
The admission procedure for MBA Consultancy Management requires candidates to fulfill a certain set of basic eligibility criteria including merit marks, entrance exam score, work experience if required by the colleges, etc. Below listed is the common MBA Consultancy Management eligibility criteria:
- Candidates should have completed a bachelor’s degree in BCom, BBA, BTech, or any related degree with a minimum of 50% marks for the general category and 45% marks for reserved category students. The candidate needs to qualify for entrance exams such as CAT, MAT, CMAT, etc.
- Few colleges may also require a professional with a year of work experience.
- There is no upper age limit to enroll in the course.
Why Choose an MBA in Consultancy Management Course?
Students can evaluate the inherent value of the program because an MBA in Consultancy Management course offers a wide range of professional prospects, from IT consultant, and strategy consultant to project lead consultant.Below mentioned are some detailed reasons regarding why one should choose an MBA Consultancy Management course:
- As per the Market Research Blog, the growth of global management consulting services is projected to grow at a CAGR of 4% by the year-end of 2023.
- The Indian Management Consultancy market is expanding at a CAGR of 30%, leading to a higher demand for skilled professionals.
- The management consulting employment is projected to grow by 11% by the year 2031.
MBA Consultancy Management Admission 2023
The MBA Consultancy Management admission is done on the basis of merit score and entrance exam cut-off. To enroll in the course students need to follow certain standard procedures as mentioned below:
- Step 1: The candidate needs to clear the entrance exam score for respective colleges.
- Step 2: The candidate is required to fill out the college application form available either online or offline.
- Step 3: Colleges further conduct the WAT, GD or PI process for the selection of shortlisted candidates.
- Step 4: Once the final merit is published, the candidate is required to submit the relevant documents and submit the course fees.
MBA in Consultancy Management Entrance Exams
For admission to the MBA in Consultancy Management course, the candidate needs to clear national-level entrance exams like CAT, GMAT, CMAT, etc. Some of the entrance exams for the MBA in Consultancy Management course are listed below:
|
MBA Consultancy Management Entrance Exams |
Registration Date |
Accepting Colleges |
|
MAT |
Jul 10- Sep 13, 2023 |
Amity University |
|
CAT |
Aug 2- Sep 13, 2023 |
Amity University, BITS Pilani, UPES, etc. |
|
CMAT |
Aug 10- Dec 11, 2023 |
UPES, Amity University, etc. |
|
GMAT |
Aug 29, 2023 |
BITS Pilani, Amity University, etc. |
Top MBA in Consultancy Management Colleges in India
The MBA Consultancy Management courses in India are available in both private and government business colleges such as BITS Pilani, Pondicherry University, UPES, etc. The average MBA in Consultancy Management fees is around INR 1-9 LPA. Below listed are the top colleges offering MBA Consultancy Management course and their average fees:
|
NIRF Ranking 2023 |
Colleges |
Average Fees |
|
25 |
BITS Pilani |
INR 1.27 LPA |
|
35 |
Amity University |
INR 2.94 LPA |
|
- |
Pondicherry University |
- |
|
- |
Erode Sengunthar Engineering College |
INR 1.43 LPA |
|
52 |
UPES |
INR 8.50 LPA |
Types of MBA in Consultancy Management Courses
The MBA in Consultancy Management course is one of the emerging courses and can be pursued in full-time and online mode. Below listed are details regarding types of MBA Consultancy Management courses:
|
Types |
MBA Consultancy Management Eligibility |
Duration |
|
Full-time MBA in Consultancy Management |
Bachelor's degree with a minimum of 50% aggregate for unreserved category students and 45% for reserved category students + Entrance Examination+ GD and PI score |
2 Years |
|
Online MBA in Consultancy Management |
Bachelor's degree with 50-55% with a minimum of aggregate for unreserved category students and 45% for reserved category |
2-3 Years |
Online MBA in Consultancy Management Course
The online MBA Consultancy Management course in India is highly popular as students get various learning and placement opportunities in the course and is cost-effective as compared to a full-time course. Below listed are details regarding the online MBA Consultancy Management course:
- The online MBA Consultancy Management course can be pursued from top colleges like NIBM Global, DY Patil Online University, etc.
- The average course fee is between INR 1-3 LPA.
- The graduate gets placement opportunities in top companies like EY, Deloitte, BCG, etc.
MBA Consultancy Management Syllabus and Subjects
The MBA Consultancy Management syllabus in the first year focuses on understanding consulting frameworks, client relationship management, etc. The second-year syllabus focuses on industry-specific consulting, global and cross-cultural consulting, change management, etc.
Below are listed some of the MBA in Consultancy Management subjects in detail:
|
MBA in Consultancy Management Subjects |
Topics Covered |
|
Human Resource Management |
Organizational Behavior and Leadership, Training and Development, Talent and Acquisition, etc. |
|
Strategic Consulting |
Business Strategy Development, Innovation and Entrepreneurship, Strategic Marketing and Branding, etc. |
|
Change Management |
Change Planning, Change Assessment, Stakeholder Engagement, Change Leadership, etc. |
|
Project Management |
Project Planning, Risk Management, Cost Management, Quality Management, etc. |
Read More: MBA in Consultancy Management Syllabus and Subjects
MBA in Consultancy Management vs MBA HR
MBA in Consultancy Management is typically geared toward students who are interested in rapid career progression in the consulting practice, whereas MBA in HR focuses on talent acquisition, employee engagement, and organizational development. The table below showcases the differences between an MBA in Consultancy Management and MBA in HR:
|
Course |
MBA in Consultancy Management |
MBA in HR |
|
Full Form |
Master of Business Administration in Consultancy Management |
Master of Business Administration in Human Resource |
|
Stream |
Management |
Management |
|
Duration |
2 years |
2 years |
|
Eligibility |
Graduation |
Graduation |
|
Entrance Exams |
CAT, CMAT, MAT, GMAT |
CAT, XAT, GMAT, MAT, NMAT |
|
Top Colleges |
BITS Pilani, Pondicherry University, NMIMS Mumbai |
Xavier School of Management, IIM Lucknow, Management Development Institute Gurgaon |
|
Fees |
INR 1- 9 LPA |
INR 5-20 LPA |
|
Average Salary |
INR 7-30 LPA ( Source: Glassdoor) |
INR 2 -10 LPA (Source: Payscale) |
|
Job Roles |
Financial Consultant, Management Consultant, Strategy Consultant, etc. |
HR Manager, HR Genralist, Payroll Manager, etc. |
Read More: MBA in HR
Salary of an MBA in Consultancy Management Graduate in India
The average salary of an MBA Consultancy Management graduate is in the range of INR 7-30 LPA ( Source: Glassdoor). The freshers earn in the range of INR 7-15 LPA, and after getting a certain year of experience graduates can increase their salary slabs. Below listed are top job designations with their average salaries:
|
Job Role |
Entry Level Average Salary |
|
Business Strategist |
INR 10 LPA |
|
Change Management Consultant Executive |
INR 13 LPA |
|
Financial Services Consultant |
INR 7.56 LPA |
|
Risk Management Consultant |
INR 9 LPA |
Read More: MBA in Consultancy Management Salary
Courses After MBA in Consultancy Management
The scope of an MBA in Consultancy Management is vast, which gives candidates a chance to pursue higher studies after obtaining the degree. The following are some of the best higher education programs in the area of consultancy management:
- Ph.D
- M.Phil
- Certified Management Consultant (CMC) Certification
- Change Management Certification
- Certified Business Analysis Professional (CBAP) Course
Career Options After Master of Business Administration in Consultancy Management Course
MBA Consultancy Management graduates there are many positions available in various fields/industries. Depending on the region or industry selected, the work roles will change. Below listed are a few job roles for MBA Consultancy Management graduates along with their average salary and top hiring companies:
|
Job Designations |
Job Descriptions |
Hiring Companies |
Average Salary |
|
Management Consultant |
They give professional guidance and assistance in resolving challenging business challenges, enhancing performance, and reaching strategic objectives. |
Accenture, PWC, Deloitte, etc. |
INR 12-30 LPA |
|
Strategy Consultant |
They work directly with clients to examine their commercial environment, identify development prospects, and develop business plans. |
IBM, Deloitte, ZS Associates, etc. |
INR 10-25 LPA |
|
Technology Consultant |
They offer professional advice to businesses on how to use technological solutions to improve operations, increase efficiency, and meet their goals. |
SAP, HP, Virtusa, Capegimi, etc. |
INR 12-27 LPA |
|
Financial Consultant |
They give corporations, or organizations professional direction and advice on how to manage their finances, choose investments wisely, and reach their financial goals. |
HDFC Standard Life Insurance, Accenture, JP Morgan, etc. |
INR 7.56-18 LPA |
Top Recruiters for MBA in Consultancy Management
MBA in Consultancy Management graduates can work in top industries like financial services, management consultancy, telecommunication, healthcare, etc. Below listed are the top recruiters for MBA in Consultancy Management along with the average salaries:
|
Top Recruiter |
Average Salary |
|
Accenture Solutions |
INR 25.10 LPA |
|
PWC |
INR 16 LPA |
|
KPMG |
INR 16.98 LPA |
|
Deloitte |
INR 18 LPA |
|
BCG |
INR 22 LPA |
[Source: Glassdoor]
MBA Consultancy Management Scholarships
The colleges, government, and private organizations offer scholarships to students who want to pursue MBA in Consultancy Management course. Below listed are a few scholarships offered to students along with the eligibility criteria and scholarship amount.
|
Scholarship |
Eligibility Criteria |
Amount |
|
Amity University Merit Scholarship |
Bachelor’s degree with a minimum of 75%. |
10% of Tuition Fees. |
|
IDFC First Bank MBA Scholarships |
Only for Indian nationals under the age of 35 years |
INR 2 Lakhs |
|
BITS Pilani MBA Merit Scholarship |
Bachelor’s degree with a minimum of 80%. |
15% of Tuition Fees |
Skills to Excel as an MBA in Consultancy Management Graduate
To excel as an MBA in Consultancy Management graduate, many skills are required that will help to increase the individual learning curve and boost a practical approach to problem-solving that must be inculcated in the continuous learning environment.
- Project Management Skills: To manage timelines, allocate resources, and deliver the project with full efficiency.
- Research Skills: To make informed business designs and understand client business strategies.
- Data Analysis Skills: To identify trends, patterns, and opportunities for client business.
- Networking Skills: To bring new prospective clients to the company and drive business growth.
- Cross-Functional Collaboration: To collaborate with different teams to manage the client and internal business process/project.
Top MBA in Consultancy Management Colleges
Top Management Entrance Exams
Exam Date: May 19, 2024
MBA in Consultancy Management Fee Structure
FAQs
What is the eligibility criteria for an MBA in Consultancy Management?
The student needs to clear their bachelor’s degree such as BCom, BBA, BTech, etc., with a minimum of 50% marks for unreserved category and 45% for reserved category students.
What is the average fee for an MBA in a Consultancy Management course?
The average fee of the course is in the range of INR 1-9 LPA.
Which are the top colleges offering MBA in Consultancy Management courses?
Some of the top colleges offering an MBA in Consultancy Management are BITS Pilani, Amity University, etc.
What is the scope of an MBA in Consultancy Management?
The scope for graduates is vast as they can work in a range of roles like a management consultant, strategy consultant, financial consultant, etc.
What is the average salary of an MBA Consultancy Management graduate?
The average salary of an MBA Consultancy Management graduate is in the range of INR 7-30 LPA ( Source: Glassdoor)