Experiences Required for Placements at Consultancies like KPMG After an MA in Development Studies from TISS

Acquiring a Master of Arts (MA) in Development Studies from the Tata Institute of Social Sciences (TISS) is a significant achievement, but it is only the first step towards a successful career in consulting firms such as KPMG. This article explores the specific types of experiences needed to compete for placements at such consultancies, especially when considering the competitive landscape of the consulting industry.

Understanding the Needs of Consulting Firms

It is essential to recognize that the recruiters at firms like KPMG evaluate candidates based on a comprehensive set of skills and experiences. While an MA in Development Studies provides a strong foundation, it is crucial to augment this knowledge with practical experiences that align with the consulting sector's requirements.

Undergraduate Background: An Important Factor

Campus recruitment processes often incorporate a thorough evaluation of a candidate's undergraduate background, as it serves as a crucial indicator of their foundational skills and knowledge. Developing a solid understanding of project management, economics, and other related disciplines is vital. This foundational knowledge not only enhances your academic profile but also prepares you for the technical complexities of consulting roles.

Augmenting Your Profile with Practical Experiences

To strengthen your profile, it is advisable to engage in activities that complement your academic background. Here are some key experiences that can enhance your suitability for placements at consultancies like KPMG:

Dissertation: Your dissertation should be focused on a critical issue within the realm of development studies. A well-researched and insightful dissertation can demonstrate your analytical skills and ability to tackle complex problems. For example, an examination of policy issues with data analysis can be particularly beneficial. Internship: Participating in internships in organizations related to development and consulting can provide invaluable practical experience. Internships allow you to apply theoretical concepts in real-world settings and develop skills such as communication, teamwork, and problem-solving. Choosing an internship with a focus on management, policy, or economic analysis can be particularly advantageous.

By combining academic rigor with practical experience, you can create a well-rounded profile that stands out to potential recruiters at firms like KPMG.

Policy and Data Analysis: A Path to Success

Consulting firms, especially the Big 4 (Arthur Andersen, Deloitte, Ernst Young, and KPMG), often seek candidates who have strong analytical skills and an understanding of policy issues. Engaging in activities that involve policy research with a focus on data analysis can significantly enhance your suitability for these roles. For instance, you can focus on areas such as:

Economic Policies: Analyzing the impact of economic policies on development outcomes can provide valuable insights into how policies affect real-world scenarios. Social Policies: Investigate the effectiveness of social policies in addressing developmental challenges, such as poverty, education, and health. Environmental Policies: Explore the role of environmental policies in promoting sustainable development and their impact on the economy.

These areas of focus can provide a comprehensive understanding of the complex interplay between development policies and economic realities, making you a highly competitive candidate for consultancies like KPMG.

Additional Tips for Success

To maximize your chances of securing a placement at a consultancy firm, consider the following tips:

Networking: Utilize your connections within the academic and professional communities to build a strong network. Attend industry events, seminars, and conferences to meet potential recruiters and gain insights into the industry. Technical Skills: Develop proficiency in relevant software and tools commonly used in consulting, such as Microsoft Excel, statistical software (e.g., R or Python), and data visualization tools (e.g., Tableau). Soft Skills: Improve your communication, teamwork, and leadership skills. These are crucial for consulting roles, where collaboration and effective communication with clients are essential.

By focusing on these areas and preparing yourself comprehensively, you can enhance your chances of securing a placement at a top-tier consultancy firm like KPMG after completing your MA in Development Studies from TISS.

Conclusion

Securing a placement at a consultancy like KPMG after an MA in Development Studies from TISS requires a combination of academic excellence and practical experience. Developing a solid understanding of project management, economics, and policy issues, while also engaging in internships and research projects, can significantly enhance your profile. By following the tips outlined in this article and investing time in developing both technical and soft skills, you can position yourself as a strong candidate for these prestigious roles.