Elements of Management Consulting Culture
Management consulting culture is important because it determines the length of stay of consultants in the firm, their level of comfort at work and their extent of career fulfillment. Read this article and learn what constitutes organizational culture.
One of the areas to be considered when applying for a consulting job is the culture of the firm. It’s usually being underestimated by many, but the truth is it greatly determines the retention rate of employees. Those with personality congruent to the culture feel comfortable at the workplace, and they stay loyal to the firm. Those whose values are against corporate priorities tend to quit sooner.
This fact leads to the question, “How is a management consulting culture formed?” Below are some factors that contribute to the work ambience of consultants.
Management Goals
The culture springs from the vision and mission of the firm. How the management foresees the business ten years from now, significantly determines the consultant’s working environment. Does it aim to be on par with the Big Three (McKinsey, Bain and BCG)? If it does, then the recruiters will be very busy looking for applicants who can deliver high quality performance. Also, they must look for aspirants who are willing to work in a competitive, ambitious manner.
Training
Consultants from a certain firm have common strategies and techniques because of the training they get at the start of employment. During staff induction, they are oriented not only on what they’re expected to do but also on how they must behave professionally. They are taught how to communicate with colleagues, how decisions must be derived, how to deal with clients, etc. What consultants can and can’t do in these procedures shape the firm’s culture.
Values
The management consulting culture is also determined by the values set by the firm. Some are focused on results, on being effective and on performing standards. These firms often offer a higher compensation scheme, but once consultants fall off their expectations they find themselves on the brink of unemployment. On the other hand, some firms prioritize efficiency and growth. They initiate many collaborative workshops and teambuilding activities to make sure their consultants are comfortable working with each other.
Relationship
Some firms facilitate rest and recreation activities to promote the spirit of camaraderie and to improve social interaction skills of consultants. For instance, consultants of BCG London sometimes surf or go mountain biking together, go on leisure trips abroad, attend Christmas parties and drink at pubs. These opportunities for getting to know each other better also contribute to the management consulting culture of a firm.
Physical Resources
The required business attire, the office and the technology being used are also influential elements. Most consulting firms ask their consultants to dress up appropriately, especially when working with clients, to maintain their professional image. Similarly, having an office in a business district has a greater impact to clients and applicants. The technology being utilized is also vital because it is a determinant of employees’ efficiency.
When scouting for the right management consulting firm, make sure that they possess a positive, healthy culture. It must at least appreciate the idea of diversity, treat employees with equality and encourage enthusiasm at work. It must also value each one’s contribution and maximum potential.
In order for you to understand the process of selecting and hiring consultants, download our guide on How to Land a Job in Management Consulting. Don’t forget to browse other articles on this site, too. You’ll certainly learn more information and tips that will walk you through.