Careers in Consulting
Employment outlook and opportunities
Many business students are attracted to careers in consulting. The varied, challenging and well-paid work offers privileged insights into a range of businesses and organizational issues. While it’s a demanding career with long hours and frequent travel, working at all organizational levels and on critical issues is a great experience for new graduates.
Strategy consulting firms offer individuals an opportunity to work on the most pressing problems facing the executives of Fortune 500 firms. Recent graduates are employed for at least two (or maybe more) years. Those who successfully complete two years at most firms are typically offered full financial support to cover graduate studies at a top-rated school. Some firms offer the opportunity to be promoted to the “post-MBA” role directly, without requiring an investment in graduate school.
Consulting positions are highly sought after and the recruiting process is competitive. Most Canadian opportunities are in Toronto and Calgary, with limited positions available in Vancouver.
Skill set required
- Strategic thinking
- Computer savvy
- Organizational skills
- Critical and analytical thinking
- Ability to work with people of various cultural and educational backgrounds
- Ability to switch gears quickly (e.g. from administrator to counsellor to negotiator)
Is a career in consulting right for you?
The Business Career Centre can help you decide, bringing in industry professionals to give you the inside scoop on working in consulting. We also offer case interviewing workshops and introductions to individuals in the field.
Types of consultancy firms
Consulting firm type
|Generalist||Wide range of services, from strategy consulting and human resources to IT and outsourcing. Many of these firms grew out of audit firms or IT companies.||Accenture, Deloitte, PwC|
|Strategy||Offer strategic advice to companies on a project basis.||Bain & Company, Boston Consulting Group (BCG), McKinsey|
|Human resources||Advise in areas such as personnel policy, job evaluation and industrial relations.||Mercer, Towers Watson|
|Information technology||Advise in a range of IT areas, from defining information needs through to implementing computer applications.||Accenture, Capgemini, IBM|
|Financial consulting||Advise in areas such as the installation of budgetary control systems to office reorganization and administrative arrangements.|
|Niche||Specializing in certain industries or business sectors and often set up by an experienced consultants in a particular area of expertise. Smaller practices of up to 100 consultants.|
Who hires BCom grads for consulting?
- Bain & Company
- Boston Consulting Group (BCG)
- Deloitte Consulting
- IBM Canada Ltd.
- McKinsey & Company
- Western Management Consultants
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