You Can Be Anything › All careers › Business, Finance & Economics
Management Consultant
Advises organizations on strategy, operations, and efficiency to solve business problems.
Did you know?
Arthur D. Little, founded in 1886 by an MIT chemist, is credited with helping to start the management consulting industry.
How subjects help
- Business Studies: Map how a company works to find the steps that waste time and money.
- Mathematics: Crunch sales and cost figures to show which changes would save the most money.
- Psychology: Help staff accept big changes by understanding their worries and habits.
- Economics: Study a market and its competitors to advise whether a company should expand.
A famous name
Marvin Bower: Built McKinsey & Company into a leading firm and is seen as the father of modern management consulting.
Try it yourself: Plan a party on a budget
- Pretend you have a set amount of money for a party for ten friends. Pick the amount yourself.
- List what you want (food, decorations, games) and guess a price for each.
- Add it up. Over budget? Decide what to cut or swap for something cheaper.
- Keep a little money spare for surprises. What did you choose to protect, and why?
Accountants, managers and business owners make these choices every day: what matters most, and what can wait.
Also try: Ask customers before you make it.
Known for it in
USA, UK, UAE, Germany, Singapore