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What's The Difference Between Management Consulting And Industrial Organization Psychology?

I'm a Psychology major that is looking to get into either management consulting or I/O Psychology. Is there a difference between the two? Personal tips, experience, etc. are very helpful! Unfortunarely, I do not have any experience in this field yet. Does my Psychology degree give me a good chance at landing a job in a consulting firm? What else is needed in order to prepare for such a career? Thanks!

Answer:There are most certainly consulting firms which hire predominantly I/O psychologists- in fact they are quickly growing in number. If you have an advanced degree from a good school, you can most certainly land a job with one of these companies. Your Bachelors in Psych wont get you a job with a consulting company, but a MA in I/O psychology most certainly will. The difference between management and I/O consulting is the background and approach- I/O psychologists rely more heavily on empirical findings, data collection and analysis, research, and in general a more scientific way of approaching a consulting role. In other words, while they are similar, there is most certainly a difference. Your best preparation for a career in this field is pretty simple- get an advanced degree from a good school and while in school gain some relevant experience thtough internships. The demand, and the field, for I/O is growing fast, I would highly advise going into the field if you have any interest (I did, and I love it)

What Does It Take To Get Into A Management Consulting Firm?

I'm about to graduate at the end of this year and get my B.B.A. in general business (focusing on management). I pretty much figured out what I'd like to do with my life. I'd like to work my way into a management consulting firm. I really like management and I think being a management consultant would be very challenging for me. Also, I hear the pay is pretty good as well. How do I go about getting into a management consulting firm after I graduate?

Answer:While you're still in school, contact the ones that are nearby & see if they have any internships that you could do part time while you finish your degree. The Big 4 audit firms (Deloitte, PwC, KPMG, and EY) generally hire people straight out of college. They have many divisions, some of which encompass management consulting. Best of luck to you!

What Type Of Work Experience Do Management Consulting Firms Value The Most?

I'm currently in 2nd year of business school and I just got a summer internship with Unilever as a brand manager. Next summer what type of work experience should I get if I want to maximize my employability and marketability with management consulting firms like Bain, Mckinsey, or other top firms? More marketing? IT? Finance? Accounting? Thank you. I'm currently in 2nd year of business school and I just got a summer internship with Unilever as a brand manager. Next summer what type of work experience should I get if I want to maximize my employability and marketability with management consulting firms like Bain, Mckinsey, or other top firms? More marketing? IT? Finance? Accounting? Thank you.

Answer:You should stick with your profession in management consulting. If you want to consult a company from the accounting side, get experience in the accounting field. If it's human resource then do an internship with human resource managing. Instead of having a broad "manager experience," I think you should narrow your specialitize in which field your profession belongs to and become really good and strong in that field.

What Is The Overlap Between Accounting And Management Consulting?

I'm taking an accounting class and I found a definition of management consulting: an area of public accounting ranging from development of accounting and computer systems to support services for marketing projects and merger and acquisition activities. My question is what's the overlap between public accounting and management consulting? Thank you!

Answer:I would not call it an overlap rather it is a supportive activity . I remember a saying by Robert Townsend in Up the Organization that a " A management consultant is a person who tells you the time by your watch and bills you for it." In each of the areas mentioned in your question you must notice that each of them has a specific objective and to achieve that aspect a consultant is needed. Public accountants are usually appointed by the shareholders for audit of accounts whereas the consultants are appointed by the companies for a specified task other than annual audit.

How Can In Get Into Management Consulting?

Im am doing a double degree BCA in Marketing and Management and a BA in Media. I really have a huge amount of curiosity for consulting and am wondering if anyone knows where a good place to start would be? I am currently working for a not for profit organisation, helping with some communications duties part time while studying. My areas of interest are Change management, strategic management and communication. Any suggestions would really be appreciated.

Answer:Wow! good to know that you are doing double degree. I really appreciate those who are doing double degree like you. Here what I want to suggest is that be concentrate to what you are doing and what you are thinking for,don' loose your hope.

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The only annually updated insider's guide to consulting firms, The Vault Guide to the Top 50 Consulting Firms, now in its 11th edition, is an unbiased, investigative look at the top management and strategy consulting firms. Based on interviews and surveys of more than 1,500 consultants, the guide provides the inside scoop on recent firm news, firm culture, pay, diversity initiatives, hiring process and more at more than 50 top firmsThe guide includes Vault's exclusive rankings of the top 50 consulting firms.

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Management Consulting: A Complete Guide to the Industry
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