10 Top MBA Programs for a Better Career in Consulting

A job in the management consulting sector is one of the most popular career steps for recent MBA graduates. Sometimes people already working in the consulting sector get an MBA degree as a way to advance their careers in the industry; others use the MBA as a gateway into the sector. We here sharing the QS 10 Top MBA programs for a better career in the consulting sector.

Many MBA graduates flock to the Consulting sector because of the lucrative offerings. The top firm destinations for many consulting-minded MBAs include the “Big Three” consulting firms, the three largest consulting firms by revenue—McKinsey & Company, Boston Consulting Group (BCG), Bain & Company apart from many other firms like A.T Kearney, Deloitte, Accenture, PwC as well as smaller niche-oriented and regional consulting companies. The best MBAs for consulting Sector will most likely have to recruit relationships with and a strong alumni presence in the consulting firms.

As a consultant career, you will help companies with your area of expertise for the vibrant nature of work coming from the companies and their intriguing problems. An MBA can also lead to a job as an internal consultant, who advises firms on strategy and development, within the organization. The Consulting domain offers a variety of functions as well as the ability to work in different industries and locations.

Business schools rarely offer MBA specializations in Consulting domain; however, some offer specializations in Strategy or Strategic Management for a better career in Consulting. Most MBA programs also feature relevant classes of Consulting field in their core offerings. Some B-Schools offer students the opportunity to do a consulting project as part of the program. According to the latest placement reports, the job functions MBAs hired are mainly in Marketing and Consulting domain.

INSEAD has been ranked as the best business school for specializing in consulting in the world, with around 47 per cent of its graduates going into a related industry. The complete top 10 can be found below.

1. INSEAD

INSEAD takes the top spot in the MBA specialization rankings for consulting. The One Year MBA program achieved a perfect score in both employer reputation and career placements. INSEAD MBA program is split between their Fontainebleau (France) and the Singapore campus, giving students a global experience.

2. Columbia Business School

Columbia Business School achieved a perfect score in both career placements and employer reputation, with around 33 per cent of Columbia graduates going into the consulting industry. Located in New York City, the business capital of the US, the full-time MBA program at Columbia takes 24 months to complete and has tuition fees of US$148,000.

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3. Harvard Business School

Harvard Business School, which achieved a perfect score in employer reputation took the bronze medal position is the MBA program. Based in Cambridge, Massachusetts, tuition fees for the 24-month program are US$146,880. After financial services, Consultancy is the second most popular career path for HBS graduates.

4. The Wharton School

The MBA program at The Wharton School at the University of Pennsylvania achieved a perfect score for employer reputation and a near perfect score for research strength. Located in Philadelphia, Pennsylvania, the MBA program at Wharton is a two-year (20 month) program with tuition fees of US$157,896.

5. London Business School

The first European program in the 10 Top MBA Programs for Consulting career countdown by QS is the MBA at London Business School, coming in fifth place. The two-year program in London (UK) has tuition fees of £82,000 (approx. US$108,782).

6. The University of Chicago Booth School of Business

Placing on the sixth position of the ranking is the MBA program at the University of Chicago, Booth School of Business, Located in Chicago, Illinois. The 21-month program has tuition fees of around US$144,000.

7. The Kellogg School of Management

In seventh place is the MBA program of The Kellogg School of Management at Northwestern University, Evanston, Illinois, offers both a one-year and two-year option. The tuition fee for the one-year program is US$$98,720 and for the two-year program, it is US$143,088.

8. MIT Sloan School of Management

Eighth in the table for consulting MBAs is the program at MIT Sloan School of Management. Based in Cambridge, Massachusetts, the 24-month program has tuition fees of US$148,400.

9. Michigan Ross School of Business

The University of Michigan’s Ross School of Business ranked at the ninth position for consulting MBAs. The B-school is located in Ann Arbor, Michigan, and the MBA programme takes two years to complete. The tuition fees (per year) are US$63,646 for Michigan residents and US$68,646 for non-Michigan residents.

10. Yale School of Management

In the ranking for MBAs specializing in consulting, the tenth place is awarded to the full-time MBA program at Yale School of Management. Located in New Haven, Connecticut, the full-time program takes two years to complete and has tuition fees of US$74,560 per year (with estimated living expenses of US$25,714).

READ MORE: MBA Scholarships For Women At World’s Top Business Schools

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