An online MBA provides business skills and expertise sought by employers today. Specialization in consulting remains a favorite choice among MBA candidates, providing access to lucrative and prestigious career options. A consulting position typically offers unrivaled variety, challenges, and opportunities for travel and networking in addition to a healthy salary. Management analysts, for example, can expect an average salary of $83,610 per year, according to the Bureau of Labor Statistics (BLS).
Which Consulting Degree Should You Choose?
When exploring consulting degree options, prospective students may encounter several types of business master's degrees. An MBA remains a popular option, offering many program options, career flexibility, and proven value.
Types of Master's Degrees in Consulting
|Degree||Typical Program Length|
Master of Science in Consulting
Popular in Europe, this highly specialized degree trains consultants to conduct business analyses, develop strategic plans, and act as change agents. Students develop communication, leadership, and project management skills through coursework, case studies, and projects.
MBA in Consulting
Popular in the U.S., an MBA provides training in critical business topics including management, finance, ethical leadership, and organizational behavior. Students hone their communication, leadership, and strategic-thinking skills as they work through program requirements. The MBA also offers a specialization area in consulting.
Online MBA in Consulting Curriculum
Employers expect graduates of online MBA programs in consulting to possess core business skills. Though courses vary by school, prospective students may see some standard course topics within many MBA programs.
The following table shows sample courses for an MBA in consulting and how they can help learners succeed within consulting careers.
Sample Courses for an Online MBA in Consulting Curriculum
|Course||Occupations This Course Prepares You For|
Analyze the strategies top executives use to succeed in their markets; formulate and implement successful competitive strategies.
Employ change strategies to manage organizational and cultural change, lead change, and manage corporate growth.
Use data to assess products and programs, create strategic plans, and make informed management decisions.
|Operations Research Analyst|
Scholarships for Students Earning Their Online MBA in Consulting
Many organizations -- like charitable foundations and professional organizations -- offer scholarships for graduate learners in business. Prospective students should check with the school, their employer, and any community or professional organizations they belong to about scholarship opportunities. See below for some of the scholarships available for students earning their MBA in consulting.
NAHR Graduate Student Scholarship
- Who Can Apply: Students enrolled in a master’s program with an emphasis on human relations (HR) or a related field may apply. The foundation judges applicants based on dedication to HR, academic achievement, leadership and service, and financial need.
- Amount: $5,000
AfterCollege Business Student Scholarship
- Who Can Apply: Any student enrolled in a business program with a 3.0 GPA may apply. Applicants must submit a personal statement describing their career goals.
- Amount: $500
AICP Scholarship Program
- Who Can Apply: Students working toward a degree in a business-related field with at least a 3.0 GPA may apply. Applicants must describe their achievements, leadership experience, and career plans and submit a letter of recommendation.
- Amount: $1,500
Mary Elizabeth Lockwood Beneventi Scholarship
- Who Can Apply: This Daughters of the American Revolution (DAR) scholarship is open to full-time MBA students with a minimum 3.25 GPA and U.S. citizenship. Applicants must submit a 1,000-word statement, letters of recommendation, and a financial need form.
- Amount: $2,000
Jane M. Klausman Women in Business Scholarship
- Who Can Apply: Women pursuing a degree in business may apply to a Zonta International chapter. Chapters send their nominees to the region, and each district forwards their winners for international consideration.
- Amount: $2,000 or $8,000
Do you need an MBA for a management consulting career?
Many top companies prefer their consulting hires to possess an MBA, but not all consultants do. Learners may substitute expertise and work experience for education. An MBA can help graduates bypass the need to work in a chosen field for years before obtaining a top job, or they may combine their MBA in consulting with experience to qualify for higher pay and more responsibility.