Consulting industry riding an inclusive wave

On this International Women's Day, we call out the role of women in the consulting industry, an achievement that marks a shift towards greater inclusivity and diversity. Women are breaking barriers and making their mark in what was once a male-dominated domain. The increasing representation of women in consulting firms, especially in leadership roles, underscores a promising trend. Grant Thornton's report reveals India's mid-market businesses have 36% female senior management, 4% above the 32% global average. This progression reflects the industry's dedication to dismantling traditional barriers and fostering a more inclusive environment.

Overcoming Barriers

Challenges persist, including gender bias, societal perceptions of women’s role, unequal pay, and the balancing act between professional commitments and personal life. The consulting sector, with its demanding schedules and high-pressure environment, poses distinct challenges for women aiming to excel in their careers. However, the industry's evolution is indicative of a commitment to addressing these challenges, with firms implementing supportive policies for women's career growth and development.

Women-led development is an opportunity to challenge stereotypes

Focus on gender issues has led to the adoption of innovative initiatives aimed at supporting women. These range from mentorship programs and leadership training to flexible working conditions, all designed to create a supportive environment for women. The success of firms with higher representation of women at the partner level highlights the positive impact of such initiatives. Moreover, the establishment of Employee Resource Groups (ERGs) and efforts to address pay disparities are crucial steps towards ensuring a more equitable workplace.

The increasing role of women in the consulting industry in India has kept pace with the temper of the time. With approximately 30% of senior management positions now held by women, the industry like many other industries has made strides. We need to continue addressing the issue of women’s underrepresentation in industry and amplify the theme of women-led development, requiring not only commitment but affirmative action across the board.