In fact, this knowledge will serve you well throughout your consulting career (and beyond), allowing you to quickly spot operational and managerial problems and come up with creative solutions to solve them. One of the main benefits of being a consultant is having the opportunity to learn about multiple industries and business models. What are some of the benefits of working in consulting? Although these factors might take a little getting used to, most consultants adapt to them fairly quickly and are able to thrive in their roles. Additional challenges include long hours (12-hour days are standard) and working closely with a new team every few months. In fact, it’s not uncommon to hear of consultants who travel four out of five days of each work week, meaning that your non-travel time will usually be limited to weekends. sales), few are as travel-intensive as consulting. Although many other careers require travel (e.g. What are the challenges of working in consulting?īeing a consultant is an exciting career path but it does have its share of challenges. At smaller consultancies or boutique firms, you’ll generally focus on a particular industry from the beginning (such as healthcare or technology) and work exclusively within that industry. Working at one of the larger consulting firms also means that you’re more likely to be a generalist in your early years since you typically only become specialized in a particular vertical, industry or type of work after working in consulting for several years. For example, if you work for one of the large management consulting companies (such as McKinsey, Bain or Boston Consulting Group) you’ll be following a fairly structured career path, starting off as a junior consultant and moving up to a senior consultant role within two to three years. What do consultants do?Ĭonsulting roles can vary greatly depending on the type of consulting firm you work for and the companies you work with. However, although the term has many applications, it’s generally used to refer to management or strategy consulting, the practice of helping companies increase their efficiency and profits by addressing the major operational or strategic challenges they’re facing. For example, you can work as a marketing consultant helping companies create and optimize their marketing campaigns or as a software consultant, designing software systems for an organization. What is consulting?Ĭonsulting is a fairly broad term that can have a variety of meanings depending on the industry it refers to. Here are some of the key things you need to know about working in consulting. Regardless of your major, if you’re a creative problem-solver who is interested in different types of business models, then being a consultant might just be for you. Being a consultant is an exciting opportunity to learn the ins and outs of running a business in an effective and profitable way.
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March 2023
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