Is Management Consulting becoming irrelevant? | Future of Management Consulting | Consulting

[@Pavansathiraju]

Please find the link to the Management Consulting Program that I personally lead at Blue Chapter! bluechapter.com/consulting-experience-program-gen/ If you are applying for fall 2024 MBA programs, check out the global MBA fellowship program: bluechapter.com/global-mba-fellow/ ** Please do like and share the content if you find it meaningful & check out my LinkedIn and Insta if you haven't already:) LinkediIn - www.linkedin.com/in/pavan-sathiraju/ Instagram - instagram.com/pavan.sathiraju/

[@avinashjha555]

I submitted my contract details, but no one from your team contacted back.

[@Pavansathiraju]

@@avinashjha555 Did you fill the application form? Drop an email to [e-mail]

[@pranzalsingh5279]

I think the biggest plus of hiring a consultant is the industry wide experience they bring to the table. Sometimes a fresh perspective about problem is a game changer, which is difficult to get in house.

[@nirajbirla1]

00:05 Management consulting industry trends and future 01:43 Management Consulting offers recommendations but not implementation strategy 03:17 Consulting offers fast track promotions and ownership within the company. 04:49 Management consulting attracts talent with low risk and high rewards. 06:24 Consultants play an important role in providing advice and human capital perspective to their clients. 08:04 Data democratization questioned consultants' value proposition 09:40 Management consulting is adapting to new challenges 11:08 Management consulting industry is evolving with the rise of product management and software roles.

[@abhishekinfra]

1) Implementation companies like Infosys and TCS are bidding for strategy contracts, with the value proposition of end-to-end delivery from strategy to implementation. 2) On the other hand, MBB firms and Big 4 firms have started doing some implementation. 3) Due to points 1 and 2, in a few years, you won't be able to distinguish between a BCG and TCS or between Wipro and Deloitte. Finally, why do only strategy consultants earn so much ? I also work at an IT services company as an "IT engineer". I analyze our client's systems and come up with solutions to optimize and scale their technological backbone. But I don't get paid as much despite applying enough mind to it. Why is that the case ?

[@YouMe-pj7th]

Key takeaways CONSULTING is continous improving from mega/macro/micro trends Consulting is not just advisory Consulting has become cross functional and techno-managerial

[@velichetyjayant5646]

My key learnings were 1) Not only for MBA 2) Evolving and also being able to cause disruptions like you mentioned data being democratized and they were all already prepared 3) Open for hiring more functional roles

[@marketminute]

I have been following you for a while, and you are doing great work. Thanks for your efforts

[@hemshah1567]

I have a final round of interview for a boutique Management consulting firm today 😅

[@kingOfTheAscetics]

The three takeaways from this video are: 1. Management consulting is not just for MBA grads. 2. Management consulting saw the disruptive trends in the 1990s and 2000s and successfully transitioned through these trends. 3. Management consulting is expected to stay on top of the latest AI trends.

[@shahabudink1354]

My key takeaways would be : 1. Data and data based products are picking up, so building a skill stack can help us differentiate from the rest. 2. AI is new and it's here to stay, let's stay ahead on how to leverage the power of AI in making more quality decisions. 3. Myself being in a product management domain, i can see how companies are adopting product led growth and on a whole how all companies are becoming a product company. Adding another point apart from this video, sooner or later our India ministry would have a complete data bank for the country and would restrict access to startups and companies to enable better decisions and implementations. Thus the government also becoming data driven and also product driven when it comes to ONDC as well. So, it is pretty much clear the whole world is marching towards product led, data led and now AI led. Thanks for this wonderful video sir, found it helpful and insightful as well 💯❤️

[@varunjoshi90]

Hey Pavan , this is some really good content that you upload. Really very engaging. Please make a video on wealth management and product management as a career.

[@Dat9601]

Three takeaways 1) Consulting is not restricted to MBAs themselves 2) being a domain expert is important. 3) Consulting will evolve over time to stay relevant in the market.

[@Pavansathiraju]

Fair takeaways!!!

[@prashanthhari3514]

Hi. Thanks for sharing. Any thoughts on AI disruption in Consulting? Will AI impact the research aspect of Consulting?

[@palakgrover9925]

Three key takeaways: 1. Having ability to explore trends in the market and then suggesting solutions to the client 2. Should have 360 view to the problem statement (multiple possible solutions) 3. Good collaboration with the sales team helps receive Correct numbers and then providing solutions becomes easier

[@prasadalc]

Do these companies hire someone who is 30 year old but never had consulting experience?

[@Pavansathiraju]

They do. That was my key takeaway #1 in the video. Please check it out again

[@prasadalc]

@@Pavansathiraju thank you. Yes i did go through the entire video, wanted to double check with my scenario. Thanks again for making such quality content. Much appreciated

[@princeofheaven19]

They take in as specialists

[@padmavathynadiminti9341]

@@Pavansathiraju That was really good to hear.

[@sanikasinalkar8173]

Hi Pavan, if you could make Produxt Management as a Career Option its’s scope in future, given that there are many people from diverse backgrounds coming into Product Management. Also job opportunities in India , US and Europe. thanks

[@chidambaramvalliappan3730]

Useful topic

[@LearningAndGrowingInLife]

Loved the video Pavan, insightful analysis.

[@Pavansathiraju]

Thank you:)

[@chinmaykarnam6639]

we need more videos on such related topics.

[@prahaladsuresh]

Consulting is basically corporate therapy in my opinion. The therapists here (consultants) deal with a plethora of cases and clients which makes their advice very valuable. Does everyone need this kind of advice? Absolutely not. Does this mean data analysts can take over these roles? Absolutely not! Domain expertise and case complexity gives consultants the knowledge edge but deep data analysis gives analysts the skill edge. When they work in collaboration, great value can be delivered. The future is definitely bright for both these professions. This is my take on consulting being a consultant myself.

[@sayujnair1594]

Hi Pavan. Thanks for the insightful video again. I would like to ask a question. As you said expertise in one field might be helpful for getting hired in MBB. But along my journey I came to know that consulting is evolving from T shaped model to W shaped model. Where every individual needs to know bits and pieces of all the domains. How would you like to comment on this. Thanks in advance.

[@aniket2812]

Another trend is in-house consultancy started by companies themselves.. skin in the game is critical for effective and pragmatic implementations

[@Pavansathiraju]

Agree Aniket!

[@TechnicalVigyanrahulky]

I am in ey gds can switch to McKinsey or bcg?

[@ravinaahuja922]

This is very insightful...saving grace for career confusion.

[@friendzhub]

Till there is risk in this world MC will not die.

[@Pavansathiraju]

Hahaha. Well said!

[@raja_hustle4347]

You look much younger in Linkedin but real aging can be seen in KZbin.