Similarly, consultant education requirements are subjective and flexible, taking into account that it really comes down to the buyer's perception of value. However, because consultants are experts in their field, it's typical to have a bachelor's degree (often in addition to an advanced degree).
An MBA (Master of Business Administration) is particularly helpful for many consulting careers, as are professional certifications such as a CMC (Certified Management Consultant) or PMP (Project Management Professional).
Consultants offer advice and expertise to organisations to help them improve their business performance in terms of operations, profitability, management, structure and strategy. Although the workload can be heavy, consulting is a sociable profession with plenty of networking opportunities. The work stretches across a variety of areas, including management, strategy, IT, finance, marketing, HR and supply chain management
Consultants can perform a range of duties that may vary considerably depending on the industry. In a nutshell, consultants provide expert opinions, analysis, and recommendations to organizations or individuals, based on their own expertise. They’re essentially fixers, serving as objective trouble-shooters, and providing strategies to prevent problems and improve performance.
Consulting jobs often offer employers the opportunity to supplement their existing team members with an outside perspective. Consultants can help organizations streamline operations, increase productivity, build revenue, and make overall functions more efficient across the organization.
A primary reason companies hire consultants is that they may possess in-depth knowledge of a specific industry or issue that the organization has in-house. A seasoned consultant can often devote time and expertise to a project that staff employees just don’t have.
Consultants can also help bring new life to organizations that are stuck, or shift resources to help companies grow or move in a different direction.
The data reveals that average total salaries in the Indian consulting industry range from roughly INR 2,90,000 at a junior level to approximately INR 22,61,000 for partners. On average, bonuses range between INR 7,000 to INR 4,00,000 at both ends of the spectrum respectively.