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Career as a management consutant

Sanat Biswal (Chartered Accountant) (1139 Points)

22 February 2016

Hello everyone.I have been selected for articleship at Prakash Kochhar firm at Chennai in the Management Consulting department.I would like to know the following things:-

1.What is exactly the work in the management consulting?

2.What kind of work exposure will I get in Prakash Kocchar if anyone has done articleship from here?

3.What are the career prospects for an article having Management Consulting as the work experience?

I want to go for CFA in the time to come after CA.So will management consulting help to cater to the need of CFA in any way??

Please reply as soon as possible...Thanks in advance.

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3 Replies

Prashant Rajput (An insatiable Learner) (889 Points)
Replied 22 February 2016

Hi Sanat,I have read your articles earlier.You've got great English vocab and grammar.

1.First things first,what managementconsulting involves?Don't you think you should've asked CA what kind of work you would be entrusted with in that line of work.Let me tell you what I know.CAs know nothing about Management Consulting. I love how that word sounds.Mngt Consulting is about thinking out of the box.CA institute think CAs are complete business solution provider, but they don't know the meaning of it.Please anyone don't say that since CAs study tax,Audit, Finance,risk management, blah blah,that makes them so.So lame.

2.I would suggest call that firm to know your role.I think they'll make you work on internal audits,bank Audit etc and taxation work under the garb of management consulting. Also ask if they would allow Industrial training.

3.Since Articleship is not counted as work ex,you cannot count on it.

Lasttime,I read your post about starting your Articleship in Gurgaon.What happened?RG Sharma &Co.,Delhi(www.emgpl.com)have vacancies. Check that out.I've compiled a list of firms based on Finance work.If u want,I can e-mail you but they are around Delhi.One is in Bangalore Vasan &Sampath

1 Like

Sanat Biswal (Chartered Accountant) (1139 Points)
Replied 23 February 2016

Thanks Prashant for your reply.I would really appreciate your help if you can send me over the list of firms where I can apply which specifically deals with finance related work.I would like to apply over there....Waiting for your reply at the earliest.My mail id is sanat.witty @ gmail.com.

Sana Irani (Blogger) (25 Points)
Replied 24 February 2016

1. Management consultants help businesses in improving their performance and grow by solving issues and getting new and better methods of doing things. It is not just in the private sector either – many organizations work with public sector to help develop their services and, whereever required, reduce costs and make savings.

2. Supportive and constructive environment with a calibrated performance appraisals to get overall practical exposure in Medium and small enterprises in the areas of Audit,Taxation, Data analytic and Management Consultancy and pre-planned schedules which avoids extended working hours, permissions to attend classes makes Prakash Kochar & Co (PKC) a perfect place for a balanced practical training with assured scope for Final preparation.

3. Management consultants work on projects in a broad range of industries, so work experience in one of these is likely to be essential. You might also want to look into getting work experience with other client-facing professional services firms.

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