Mumbai: New research from Tata Consultancy Services, the leading Indian IT services and consulting firm, underlines the enthusiasm of Indian business school students for a career in consulting.
According to the survey carried out by TCS' Global Consulting Practice, with the US Association of Management Consulting Firms (AMCF), a big majority of students — irrespective of age, gender, or experience levels — want to become consultants.
TCS' findings include:
- 8 out of 10 students surveyed would like to take up consulting as a career. 79.2% of the surveyed have a positive opinion of consulting.
- 20% of the respondents were women. 63% of the women view consulting as a favourable career choice.
- 52% of the respondents are of the opinion that consulting companies provide global engagement opportunities.
- 64% of the students were of the view that the location of the consulting company was not an important influencer.
- 41.3% students with prior experience in IT or consulting are more interested in consulting.
- Indian Business school students are more likely to choose consulting if an internship is offered by consulting companies. Excellent mentoring programs also attract students to consulting.
- 54.37% respondents looking at consulting as a career are interested in strategy consulting.
- 28% of the students view consulting as a potential long-term career and 30% view it as a stepping stone to leadership positions in industry outside consulting.
- 83% of the respondents are of the opinion that job independence is a very important factor for choosing consulting.
"We spend a lot of time in the US thinking about ways to make consulting more interesting to women as a profession so it's heartening to see that according to the results of the survey Indian women view it as a very attractive career option," said John Furth, President and CEO of AMCF, highlighting one of the differences between perceptions in the two countries.
Commenting on the survey, J Rajagopal, EVP and Head, TCS' Global Consulting Practice, said, "The insights from this study will be invaluable in helping the consulting profession increase its appeal to high-calibre MBA students in India, an important source of global talent."
The on-line survey was carried out during November-December 2012 and was completed by 979 students from India's top 10 business schools. They were asked about their interest in consulting as a career, what influenced their opinions about consulting, and their perceptions about specific issues, including work-life balance, and career options post-consulting.