Source: www.sais-jhu.edu
Topic: Consulting
Sort Desciption: It is possible for a management consultant to have an entire career with one ... The management consulting industrys challenges reflect the challenges that ...
Content Inside: CAREER OPPORTUNITIES IN CONSULTING: MANAGEMENT & STRATEGIC C AREER S ERVICES Description of the Field Management consultants are professionals who are trained to solve problems devise strategies and improve the general health of its clients no matter what the industry. Management consultants help clients solve specific problems (usually focused on the short-term) while a strategy consultant researches and develops strategies for improving the long-term goals of the company. Companies hire consultants not only for their problem solving abilities but also for their objectivity. Typically consultants conduct research analyze data prepare reports and present findings; less frequently a management consultant will become involved in the actual implementation of the plan. Profits are derived from fees to clients which consequently breaks down to "billable hours." In general the work environment is fast-paced and stimulating and involves long hours. Work weeks of between fifty to seventy-five hours are not unusual. Management consultants tend to work in teams of 3 to 4 individuals with one person assuming the leadership role. Travel is another important aspect of a management consultant's professional life. Spending time with their client on the premises is an essential part of the consultant's responsibilities. If you are working a management case you may spend three to four days at the client site. It is not unusual for a consultant to fly out Sunday night and fly home Friday night until the project is finished. Career Paths and Entry Salaries While different firms have different titles for the same positions entry-level positions traditionally are: Analysts/Research Associates: These positions are typically filled by undergraduates. Salary Range: $50000 to $60000 with signing bonuses of between $3000 and $7000. Associates/Senior Associates: These positions can be filled by M.A. M.B.A. Ph.D. and J.D. graduates. Salary Range: $9000 ...
