Do consultants make good CEOs?

Do consultants make good CEOs?

About 5% of CEOs over the last 10 years used to be management consultants. Even though this represents an unconventional career trajectory, one 10-year study shows that companies run by a consultant-turned-CEO perform 20% to 30% better compared to their counterparts.

How many CEOs are former consultants?

Former management consultants represent only 5 percent or so of CEO transitions over the past ten years across the world, but according to a recent study by Spencer Stuart it would seem that consultants are more than worthy of consideration for the top job.

How many Fortune 500 CEOs worked at McKinsey?

Many executives have consulting backgrounds themselves. McKinsey alone counts 70 Fortune 500 CEOs among its alumni, including the current CEOs or COOs at Google, Facebook, and Morgan Stanley. Indeed, a greater share of McKinsey employees become CEOs than any other company’s in the world.

What jobs do most CEOs start out in?

Consultant was the most common first job (on record) for CEOs. All CEOs started somewhere—and the most common starting place for these CEOs was a consulting job. Software engineer was the next most-common, followed by analyst.

How many CEOs worked at McKinsey?

For its employees, McKinsey offers a ticket to almost anywhere in the world and a launching pad for high-profile corporate jobs Recently, a tally of Fortune 500 CEOs found that more than 70 were McKinsey alumni. There are approximately 27,000 McKinsey alums spanning 120 nations in virtually every business sector.

Can a consultant be an executive?

An executive consultant provides advice, support, and guidance to a company’s management team. Your job duties can vary greatly depending on the needs of each client with whom you work. Some companies hire consultants to solve a specific problem in an area like operations, employees, or strategic planning.

How long was Sundar Pichai at McKinsey?

How did Sundar Pichai become “Head of Product Management” at Google after only two years at McKinsey??

Can a management consultant be a CEO?

Not every consultant is an appropriate CEO-level leader, just as is true in the broader executive population. The nature of consulting suggests some particular factors to consider. And it certainly is possible for a person to be a highly successful consultant but not succeed in a CEO role.

How do I become a consulting CEO?

By the time you come out of management consulting you usually have a minimum of five to ten years of pre- and post-MBA experience. So how long should it take to make senior management? Plan on working a total of about 20 years before reaching CEO.

Did Sundar Pichai do MBA?

He holds an M.S. from Stanford University in materials science and engineering, and an MBA from the Wharton School of the University of Pennsylvania, where he was named a Siebel Scholar and a Palmer Scholar, respectively.

Do consultants have a future?

The future of consulting should be predicated on greater senior partner engagement, because increasingly there are no “generic” projects. Clients can no longer afford to waste time and money on junior consultants data crunching and trying to come up to speed with their business.

Why people are leaving consulting?

Management consultants often quit their job after 2-4 years. Some are attracted by offers with higher pay, more autonomy, or better work-life balance; others quit to get new experience and refresh their learning curve, or to pursue other long-term plans.