Sunday, June 28, 2009

Future Consultants: Read These Books Now

By Kevin Gao

For future management consultants, the following list of periodicals, magazines, and books is a must!

It is extremely important that you be well-read when you apply for a job as a consultant. Here's why:

1. As you go through the recruiting and interviewing process, your business literacy will be tested within the process and in an informal way in conversation.

2. When you are exposed to the various problems, solutions and situations that arise in business, it is a litmus test for the depth of your interest in a career in consulting. For example, if you are not interested in reading about how the US auto industry got into the mess it is now in, and all the different things they need to improve in order to save themselves, then you are not going to like consulting.

3. You will be able to get started on your new job faster, if you are well-informed.

Click here for the management consultant reading list.

Here is a list of some of the best books and magazines:

Authoritative Books:

A former McKinsey consultant by the name of Ethan Rasiel wrote two very good books: The McKinsey Mind and The McKinsey Way. These books give a lot of in-depth information about business practices and culture. They describe things like hypothesis driven problem solving and 80/20 thinking. These are topics that will be covered here eventually, but there is already good information available to you in these books.

Author Jim Collins has written several very good books, and I recommend them all. My favorites are Built to Last and Good to Great. They give a real sense of the essence of business thinking today. Many consulting team members read and discuss Jim Collins' ideas. These books have been influential on the way in which consultants relate to and understand their clients and corporations conduct self-analysis.

Among Magazines and Periodicals:

The Harvard Business review always has at least one good, timely article to enjoy. I have never read the whole magazine, but I still do read it regularly. I learn something interesting and pertinent every time. There are always specific articles on how to implement good practices in business, such as encouraging bottoms-up innovation and setting up organizational systems to retain good employees.

The Economist is quite good. Because I have had experience with McKinsey, it has been surprising to me to find out how many people keep up with The Economist regularly. I always subscribe to The Economist. It really helps with understanding the most important issues in today's global economy. The business, economics, and finance sections are especially interesting.

See Fortune Magazine for reliably high-quality, in-depth articles about leading thinkers in business and cutting-edge companies. Fortune is a very interesting read.

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